Stableford left FBNY in August 2007 to return to Connecticut-based Folio where he had previously served as senior editor. We have reached out to Stableford, but haven’t heard from him yet. However, a source at Red 7 Media, which publishes Folio and the companion Web site, told FBNY that Stableford was laid off yesterday two weeks ago along with three other people from various departments at the company. Folio is published monthly and its site reports more urgent, breaking news, to which Stableford contributed very frequently. With his well-sourced reporting and insight gone from the site, what will be left to read?

News of Stableford’s job loss was followed by a report that Page Six gossip maven Paula Froelich has resigned from her post as Richard Johnson‘s right hand woman. Froelich is presumably ditching her day job to work on bigger projects, like books. She is now a bonafide author, after her first novel, “Mercury in Retrograde,” debuted last month and quickly reached the New York Times bestseller list. And, she is rumored to have landed a deal with MTV to develop a show based on her upcoming young adult novel “Grits.”

We want to wish best of luck to these two talented, hard-working journalists. We’re sure they will both move on to bigger and better things.

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