Topline
Vice Media will shut down some of its news shows and cut dozens of employees, according to CNN, after G/O Media announced it would suspend the publication of online women’s magazine Jezebel—adding to layoffs at Starz, TVA Group and Condé Nast over the last month, as a brutal series of closures and job losses rock the media industry in 2023.
Timeline
filed for bankruptcy earlier this year—moves to “restructure our overall corporate organization,” according to CNN.
Vice Media told staff it will end production for some of its shows and announced layoffs, which will impact “less than 100” employees, as the company—whichG/O Media will suspend the publication of Jezebel—a women’s culture and news magazine—and lay off 23 editorial employees, including Jezebel’s staff, according to an internal memo, after the company said its “business model and the audiences we serve across our network did not align with Jezebel’s.”
CNBC, as the company moves forward with splitting from Lionsgate, which acquired Starz for $4.4 billion in 2016.
Starz—a network and streaming platform that employs about 670 people—will cut more than 10% of staff and end operations in Australia and the U.K., according to an internal memo obtained byannounced it would eliminate 547 positions, including 300 in-house production positions, 98 operations positions and 149 positions in other departments, after suffered from “shrinking audiences, declining subscriptions, falling advertising advertising revenues” and aggressive bidding for entertainment content and sports rights.
TVA GroupNew York Times, after Lynch said the company suffered from a decline in social media traffic and a shift in digital advertising.
Condé Nast chief executive Roger Lynch said in an internal memo that the publisher would cut about 270 employees, or about 5% of its workforce, according to theCNBC.
Between 40 and 45 positions at Google News—Google’s news aggregator service—were cut, a Google spokesperson confirmed toannounced it will offer voluntary buyouts to cut 240 jobs—about 9.6% of the publication’s total staff—after subscription, traffic and advertising projections were “overly optimistic” over the last two years, according to interim CEO Patty Stonesifer, who said the goal is “averting more difficult actions such as layoffs.”
The Washington PostNew York Times, as it is “battling economic headwinds on multiple fronts.”
New York Public Radio president and CEO LaFontaine Oliver said in a note to staff that the company would cut an estimated 12% of its workforce, according to theannounced a round of layoffs at the company, as an estimated 100 employees—or about 25% of its staff, according to the New York Post—will be cut after founder Dave Portnoy said the company needs to “break even.”
Barstool Sports CEO Erika Ayers Badanannounced it had cut 11 employees and would place two of its podcasts on hiatus, after the nonprofit publication noted it would be entering a “tough budget year” in 2024.
The Texas Tribuneannounced it would end the publication of Opera News—first published in 1936—in November following “several years of declining economic fortunes,” while the magazine will be incorporated as a section in the U.K.-based Opera magazine.
The Metropolitan Opera Guildaccording to Axios.
Crypto-focused news outlet CoinDesk announced in a company memo that it would cut 18 people from its editorial staff,according to Variety, including the program’s head of graphics and post-production supervisor, in addition to some producers and digital writers.
Entertainment Tonight laid off less than 10% of its staff—amounting to fewer than 20 employees—as part of a “small restructuring of staff,”Hearst Magazines cut 41 employees across its publications—which include Cosmopolitan, Elle and Seventeen, among others—a company spokesperson confirmed to Forbes, who said the company is “making strategic decisions that position the business for long-term growth.”
according to the Washington Post, as Disney continues a wave of layoffs announced earlier this year.
ESPN cut 20 on-camera positions—including longtime commentator Jeff Van Gundy—and canceled a morning radio show hosted by Max Kellerman, Keyshawn Johnson and Jay Williams,Craig Welch and Doug Main, who said the staff was notified about the layoffs “a while ago.”
National Geographic laid off its staff writers, according to senior writersaccording to Puck, after CEO Dylan Howard decided to not renew its publishing license with Pantheon Media.
The Italian fashion magazine Grazia shut down its U.S. publication,according to TheWrap.
At least three people were laid off from The Hollywood Reporter,according to Insider.
Bloomberg cut about 10 people from its national news desk, radio and television staff,according to Insider, including longtime anchors Chloe Aiello and Baker Machado, after the company said it, “like many other media companies,” suffered from a “challenging advertising environment.”
Cheddar News—founded by former BuzzFeed president Jon Steinberg in 2016—laid off about 12 employees,according to Variety, as the company faces financial pressure amid a transition from cable to streaming and a heavy debt burden from last year’s merger of Discovery and AT&T-owned Warner Media.
Warner Bros. Discovery is laying off about 100 employees from its Discovery and Turner cable networks,according to The Canadian Press, after executive vice president Robert Malcolmson said the company could not afford its media brands 0perating independently of one another.
Bell Canada Enterprises announced it would eliminate 1,300 positions—an estimated 3% of its workforce—and close or sell nine radio stations,announced it would cut 21 of the company’s 175 positions, which CEO Herb Scannell attributed to a decline in studio advertising—Scannell said the nonprofit will focus more on online news.
Southern California Public Radiostaff memo it would cut all seven members of its editorial staff in an effort to shift toward creating a newsletter focused on “profiling and highlighting” Los Angeles tech companies.
Dot.LA, a company that covers Los Angeles-based startups, informed employees in aThe Athletic, which the New York Times acquired last year for $550 million, informed employees in a staff memo the U.S. sports news giant plans to cut 20 positions (roughly 4% of its workforce), while another 20 reporters will be moved to new beats.
Morning Consult, a polling and data reporting company, announced it would close its newsroom while cutting seven of its editorial staff, according to a company spokesperson, as the company moves forward with “unifying and scaling our analyst team.”
announced it would be cutting 74 positions in its newsroom, including editors on its news and copy desks in addition to both full-time and temporary workers, because of the “economic climate and the unique challenges of our industry.”
The Los Angeles Timesaccording to Adweek.
Bustle Digital Group laid off 21 employees, an estimated 5% of its workforce, after the company—which owns lifestyle brands Nylon, Bustle and Inverse, among others—struggled with advertising,announced the company would cut 200 employees—2% of its workforce—as it moves forward with a plan to combine podcast units Gimlet Media and Parcast, following about 600 reported layoffs earlier this year.
Spotify Vice President Sahar Elhabashi$787.5 million settlement with Dominion Voting Systems, network employees told Rolling Stone (though a network source denied a connection between the layoffs and the settlement) and the New York Daily News reported three staffers were laid off, while four others were moved to other positions.
Fox News dissolved its investigative unit amid an effort to cut costs following the network’saccording to a company memo obtained by Variety.
MTV News was shut down as Paramount Media Networks—a division of Paramount Global—announced it would cut 25% of its staff because of “pressure from broader headwinds like many of our peers,”Wall Street Journal, following years of financial challenges for the once-ascendant media company.
Vice Media will lay off more than 100 of its roughly 1,500 employees and shut down its Vice World News brand, sources familiar with the matter told theaccording to the Sports Business Journal, including communications vice president Mike Soltys and Russell Wolff, who oversaw the ESPN+ streaming platform.
ESPN president Jimmy Pitaro announced in a memo the sports news network would begin cutting an unspecified number of employees, though the layoffs will primarily affect management positions,memo obtained by the New York Times, as the company shifts toward “concentrating our news efforts” on HuffPost, an outlet the company notes is “profitable.”
Buzzfeed CEO Jonah Peretti told Buzzfeed News staff the online publication would be shut down, according to aInsider Inc.—formerly known as Business Insider—announced it would begin cutting an estimated 10% of its staff in an effort to “keep our company healthy and competitive,” an Insider spokesperson told Forbes.
announced it was laying 50 people at ABC News, following an earlier announcement by CEO Bob Iger indicating the company would continue an ongoing round of layoffs.
Disney’s broadcast news divisionaccording to RadioInsight.
Salem Media Group, a Texas-based Christian radio broadcaster, announced it would lay off about 3% of its 1,436 employees,canceled four podcasts—Invisibilia, Louder Than a Riot, Rough Translation and Everyone and Their Mom—and bean laying off 100 employees as part of a push to reduce a reported budget deficit of $30 million.
NPRtells Boston public radio.
NPR affiliate New England Public Media announced it will lay off 17 employees—20% of its staff—by March 31 after facing “serious financial headwinds during the last three years,” New England Public Media managementlaid off 34 people and closed a printing press in Portsmouth, New Hampshire, as part of Gannet’s efforts to reduce the number of operating presses and prioritize digital platforms.
Sea Coast Media and Gannett, a media conglomerate with hundreds of papers and Sea Coast Media’s parent company,told NPR.
Three Alabama newspapers—The Birmingham News, The Huntsville Times and the Press-Register—laid off 100 people following a prolonged decrease in print paper circulation, Alabama Media Group President Tom Batesreportedly became too expensive to produce amid a declining audience—a reported 12, including host Melissa Harris-Perry, will lose their jobs.
New York public radio station WNYC canceled radio show The Takeaway after 15 years on air after the showreportedly told investors following compounding declines in profit.
News Corp, which owns the Wall Street Journal and HarperCollins publishers, among others, expects to lay off 1,250 people across all businesses by the end of 2023, Chief Executive Robert Thomsonstops publishing its video game and kids sections, laying off 20 people a little over a month after publisher Fred Ryan foreshadowed layoffs in 2023—executive editor Sally Buzbee reportedly told employees the layoffs were geared toward staying competitive and no more are scheduled.
The Washington Postreportedly tells staff.
Vox Media, which owns The Verge, SB Nation and New York Magazine, laid off 133 people—7% of the media conglomerate’s staff—in anticipation of a declining economy, chief executive Jim Bankoffreports, mere months after Fandom acquired the four outlets, among others, for $55 million.
Entertainment company and fan platform Fandom laid off less than 50 people at affiliated GameSpot, Giant Bomb, Metacritic and TV Guide, Varietyaccording to publisher and chief executive Steven Saslow—an undisclosed number of people were laid off and severance packages depend on signing a non-disclosure agreement, the Oregonian reports.
The Medford, Oregon-based Mail Tribune shut down their digital publication after hiring difficulties and declining advertising sales,laid off 75 employees as part of a broader corporate reorganization.
NBC News and MSNBCclosed a printing press in Greece, New York, as part of an increased focus on online journalism, resulting in the layoffs of 108 people.
Gannettlaid off 50 employees at an Indiana printing press to “adapt to industry conditions,” a spokesperson told the Indiana Star—the press remains open and the layoffs aren’t expected to affect newspaper employees.
GannettTangent
Nate Silver, founder of Disney-owned FiveThirtyEight, tweeted on April 25 that Disney’s layoffs had “substantially impacted” the data-focused news site, suggesting his contract is up soon and he expects to “be leaving at the end of it.” Silver—who is best-known for his site’s election predictions—sold FiveThirtyEight to Disney subsidiary ESPN in 2013, after previously working at the New York Times.
Further Reading
Texas Observer editors protests layoffs, launch crowdfunding to save the 68-year-old magazine (Texas Tribune)
NPR cancels 4 podcasts amid major layoffs (NPR)
How To Bounce Back After Being Laid Off — Introducing Layoff Lifeline, A Weeklong Email Series (Forbes)