Weinstein Co Lays Off 20+ Staffers Ahead Of Lantern Sale; Finished Films Being Screened For Buyers
More than 20 staffers at The Weinstein Company were laid off Wednesday, the same day a U.S. Bankruptcy judge ruled on a final sale price for Lantern Capital to acquire Harvey Weinstein’s former film and TV company. Those laid off will be paid through Friday.
The layoffs came in the PR, marketing and mainly distribution, representing about a third of the remaining staff. The last of the TV creative execs is among those exiting. All this came after Lantern met with all the… Read
Sony Pictures’ Marketing & Distribution Divisions Hit With Layoffs
Josh Greenstein, president of worldwide marketing and distribution at Sony Pictures Entertainment's Motion Picture Group, has just sent a memo to staffers announcing the company is cutting down on staff in its marketing and distribution departments as part of a reorganization.
In the email, Greenstein said that this move will impact positions in strategy, publicity, media, operations, consumer, and distribution as the company moves forward in “streamlining some of our… Read
A Dozen People Lose Their Jobs In Layoffs At The Sony Crackle Streaming Service
Sony will lay off about a dozen employees at its ad-supported video streaming service, Sony Crackle, the company confirmed.
The video service, which Sony Pictures Entertainment acquired for $65 million in 2006 (back then, it was known as Grouper), has struggled to find a foothold in the digital media marketplace.
The job cuts are part of a restructuring of Sony Crackle’s business that entails merging its digital ad sales and solutions divisions. Among those displacing in… Read
Viacom Lays Off About 100 As Part Of Cost Transformation
Viacom has laid off about 100 employees as the company looks to reduce costs and transform its business operations. The job losses impact those who work in support services like information technology, finance and human resources, but not those directly involved in content creation.
"As part of our broader transformation efforts, we are continuously taking steps to strengthen and evolve Viacom for the future,” a spokesperson told Deadline. “Including a focus on becoming a… Read
Sean Combs’ Revolt Lays Off About A Third Of Its Staff
Sean Combs’ music-oriented Revolt Media laid off about a third of its staff today as it restructures and focuses on producing more lifestyle content. The company, which launched in 2013, said it would lay off about 50 people at its offices in Los Angeles and New York and concentrate production in Southern California.
CEO Roma Khanna, in a memo to staff (read it in full below), said she is repositioning the company to become a leader in hip-hop culture, and realigning its… Read
Britt McHenry, Ex-ESPN Reporter, Claims She Was Let Go Because Of Race
A former ESPN reporter has claimed on Twitter that she was laid off because she was “white” and “made too much.”
Britt McHenry has since deleted the tweets, which were issued in response to criticisms from the Twitterverse on her skills. However, the comments were screen captured by other users.
McHenry, who is now a Fox News commentator and host of Like It Or Not on WTTG Fox 5 in Washington, DC, was among those axed from the sports cable network in one of its first… Read
Tronc Lays Off Former LA Times Editor-In-Chief, Several Dozen Others
Former Los Angeles Times editor-in-chief Lewis D’Vorkin and dozens of other employees of Tronc Inc. were dismissed on Thursday.
The cuts, which were made in a joint meeting with all the laid off employees present, included Tribune Interactive’s Los Angeles-based video and online content teams, which operate separately from the Los Angeles Times. No information on the total number of layoffs was immediately available.
D’Vorkin was the chief content officer of Tribune… Read
Viacom Lays Off About 100 Support Staff: Reports
Viacom has initiated a round of layoffs, according to published reports.
Approximately 100 people lost their jobs today, in a wave of cost-cutting that CEO Bob Bakish signaled during a recent earnings call. A spokesman declined comment.
The layoffs, first reported by Cheddar, involve support positions.
The parent company of Paramount Pictures, Comedy Central, MTV and Nickelodeon underwent a round of job cuts last September, eliminating about 20 positions.
The company is… Read
Funny Or Die Sets New Round Of Layoffs
A year and a half after it shuttered its Silicon Valley outpost and shed about 30% of its total workforce, digital upstart Funny or Die has announced further layoffs.
The notice did not disclose a number for the staff reductions, but the last serious round of cuts in summer 2016 left the company with a bit less than 100 workers.
An internal memo from company chief Mike Farah obtained by Deadline blamed marketplace conditions for the cutbacks. Once-high-flying digital… Read
Refinery29 Lays Off Staff, Points To Tough Times To Come In 2018 For Digital Media
Young women’s lifestyle content creator Refinery29 has laid off 34 employees, just slightly more than seven percent of its staff. The layoffs came despite the 12-year-old company raising more than $125 million to date from investors, including Turner and Scripps Networks.
“This year has been especially challenging for digital media and advertising companies,” said a company statement. “Refinery29 has seen tremendous growth, but is not immune to some of the negatives that… Read
LA Weekly New Owners Apologize For Transition Snafus, Name Interim Editor
Amid threats of a boycott and anger over their secretive and awkward transition, the new owners of the LA Weekly have sent out an apology statement to the readership.
“We have made numerous missteps in the transition of new leadership at L.A. Weekly,” said the letter from Semanal Media’s Brian Calle and David Welch, who have spearheaded what can only be described as a ham-handed first few weeks of owning the alternative publication. “We acknowledge it. We own it. We… Read
CBS Cuts A Few Dozen Employees Across Broadcast Network And Syndication
As the television business continues to manage through major change, CBS has let go of a small number of workers over the past month in its broadcast network and syndication divisions.
Through a combination of layoffs, buyouts and attrition, the net reductions are understood to have affected a few dozen employees. The cuts are not a corporate initiative and have been carried out at the discretion of individual department heads.
CBS declined to comment.
While certain… Read