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Posts Tagged ‘SpinMedia’

SpinMedia Cuts 19, Folds Vibe

The tumultuous times at SpinMedia continue. According to Capital New York, the company has laid off 19 staffers and has decided to fold Vibe.

Stephen Blackwell, SpinMedia’s CEO, said the cuts came mostly from the company’s video, photo, and sales divisions. On Monday, the company let go of Tom Morrissy, its chief revenue officer, after only five months.

The decision to fold Vibe comes almost exactly one year after SpinMedia’s previous CEO — Steve Hansen — announced he was resurrecting the title by printing four issues per year.

Blackwell said vibe.com will continue as a digital-only publication. ”When I look at what was going on here prior to my tenure, I think that some of the resources… if we’re directing resources toward print, that intrinsically means that we’re directing resources away from digital,” he told Capital New York. “I’m here to commit to directing all of our resources toward the digital side of Vibe.”

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SpinMedia Cuts Tom Morrissy After Just Five Months

SpinMediaLogoSpinMedia has cut its chief revenue officer, Tom Morrissy, after only five months on the job.

Morrissy, a former publisher of Entertainment Weekly and OK!, came to the company from Selectable Media, where he served as chief revenue officer as well.

The New York Post reports that Morrissy was let go in an effort to cut costs at the still unprofitable company.

SpinMedia is nothing if not well, spinning. The company named its fourth CEO in less than two years just a few weeks ago.

SpinMedia Makes Several Moves

SpinMedia has made a few hires and a promotion. Details are below.

 

SpinMedia to Cut Workforce by 15 Percent

spinmediaSpinMedia, owner of Vibe and Spin, is planning to cut 15 percent of its workforce, resulting in about 30 staffers losing their jobs. The New York Post reports that the company will also drop some of its smaller online properties, like absolutepunk.com.

Dale Strang, SpinMedia’s CEO, said that sites such as Idolator, CeleBuzz and The Superficial will stay around. The company is also sticking with its plan to publish Vibe as a quarterly magazine.

This is the second round of layoffs at SpinMedia in the last seven months. In February the company cut 50 people, hoping that would help make it profitable. Unfortunately for SpinMedia staffers, it appears the company is still short of that goal.

Morning Media Newsfeed: Condé Ditches Interns | SpinMedia Cuts Staff | Layoffs at HuffPost

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Condé Nast Discontinuing Internship Program (WWD / Memo Pad) Condé Nast has decided to discontinue its internship program starting in 2014, WWD has learned. The end of the program comes after the publisher was sued this summer by two former interns who claimed they were paid below the minimum wage during internships at W and The New Yorker. The Guardian The pair suing Condé Nast claim the law was breached because the publisher was gaining an advantage from their labor. Lauren Ballinger, who worked at W magazine in 2009, compared her work there unfavorably with Anne Hathaway’s experience in the film The Devil Wears Prada, after she spent days packing accessories for editors. The other, Matthew Leib, said he was paid between $300 and $500 for the two summers he worked for the New Yorker‘s cartoon archives. FishbowlNY Condé isn’t the only media company brought to court over failing to pay interns. Gawker, Fox Searchlight and Hearst have all been sued for the same reason. The difference is that Condé has now taken the bold step of eliminating the issue completely. If you have no interns, there’s no way to get sued for not paying them. Gawker The media class comprises thousands of former unpaid interns, so you’re going to hear a lot about how their internships were so valuable, so demanding yet fulfilling — look at them now! — that they just can’t believe Condé would do such a thing. Gosh, kill their internship program! You’d think the company, and maybe the entire media industry, was closing down for good. BuzzFeed / Politics While the end of Condé Nast’s sought-after internship program might irk some job-seekers looking for a way into the media’s biggest names, advocates fighting to get interns paid say the elimination of internships at the company signals that there will be better opportunities for job seekers down the road.

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SpinMedia Elects New CEO

Last week, we told you about SpinMedia’s plans to revive VIBE as a quarterly print publication. Today comes news of a much bigger VIBE imprint at the parent company.

DaleStrangPicSteve Hansen, who at the beginning of the year was promising to make the company profitable, is out as CEO. Replacing him is media vet Dale Strang (pictured). SpinMedia provided FishbowlNY with the following statement:

Effective today, Dale Strang has been elected chief executive officer of SpinMedia by the company’s Board of Directors. Strang, previously general manager of VIBE, has deep experience in digital media – including executive positions at IGN and Ziff Davis — that the Board believes will be instrumental in moving the company forward to maximize its growth potential and profitability. Steve Hansen made a great contribution to SpinMedia and its future as a next-generation digital media company, and will transition into a role as a strategic advisor.

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SpinMedia Resurrects Vibe, Will Print Four Issues Per Year

It appears Vibe in print isn’t dead after all. SpinMedia, which bought Vibe in April and then promptly announced that it would fold the magazine, has reversed its decision. According to Ad Age, Vibe is alive, and will be printed as a quarterly magazine from now on.

Ironically enough, the decision to keep publishing Vibe came about from SpinMedia’s shuttering of Spin. “My thinking about print goes all the way back to Spin,” Steve Hansen, SpinMedia’s CEO, told Ad Age. “The way the editorial group was configured didn’t make a lot of economic sense. It was a money losing proposition. We couldn’t figure out a way to make Spin work.” Luckily for Vibe fans, Hansen believes a pared down version of Vibe is the right way to go.

The first of the quarterly Vibe’s will be its 20th anniversary issue. However, don’t get too excited about this rejuvenation. Hansen mentioned that Vibe would continue to exist in print ”as long as it makes economic sense.” In other words, grab an issue while you can.

Disgraced NTSB Intern Gets Quick Offer

Late last night, Matthew Keys exclusively revealed the identity of the NTSB intern who confirmed to San Francisco’s KTVU the epic-prank names of those four Asiana pilots. This particular The Desk dispatch suggests that Cornell University is today dealing with its own PR nightmare.

Keys’ blog post quickly led to an alternate offer of summer break employment for the NTSB free agent. It came this morning at 12:12 a.m. ET, from SpinMedia website What Would Tyler Durden Do:

We would like to offer Mr. Fields-Lefkovic a highly valuable learning work experience at WWTDD for the remainder of this summer. I think we offer college credit or something that makes these summer slave labor arrangements fully legal. Alex, call us.

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SpinMedia Cuts Spin Editor-in-Chief Caryn Ganz

SpinMedia is certainly an active company. Whether those actions have been good, well, that’s up for debate. The company — which bought and then folded Spin, then bought and folded Vibe — just cut Caryn Ganz, Spin’s editor-in-chief. Poynter reports that Ganz was surprised by the move, especially considering the site had just posted its second-biggest traffic month.

Here’s what a SpinMedia spokesperson had to say about Ganz’s firing:

Spin has grown steadily as a result of a concerted team effort since SpinMedia purchased it in July 2012. But we felt it required new leadership to help take it to the next level as a digital brand. Personnel shifts are never easy, and we’re deeply respectful of the enormous contribution Caryn made to help us get this far.

Ganz had been with Spin from 2001 to 2006, then rejoined the magazine in 2011.

Morning Media Newsfeed: SpinMedia Buys Vibe | Betaworks Buys Instapaper | Mercury News Layoffs


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SpinMedia Adds Vibe Magazine to Its Digital Portfolio, Minus the Magazine (AllThingsD)
SpinMedia is buying Vibe, the 20-year-old hip-hop and R&B magazine, from a consortium led by Intermedia and Ron Burkle’s Yucaipa Companies. It plans on ending Vibe‘s print run in the coming months, and will add Vibe.com to its roster of 40+ pop culture and music sites. This will be bad news for some of Vibe Media’s 52 employees, who were told Thursday that layoffs will accompany the change of ownership. FishbowlNY SpinMedia’s official statement implied that this is what Vibe readers want. They’re accessing the magazine online and through their phones, the company said. And maybe that’s true. But still, it’s always sad when a magazine disappears. NYT After it bought Spin last summer, Buzz Media promptly shut down the print magazine and laid off a third of its staff. It said it would concentrate on the website and consider eventually reviving the print version of Spin in some form. Since then, Spin‘s online traffic has doubled, but Mr. Hansen said that the company was no closer to reviving the magazine.  Ad Age / Media News Time Inc. sold Vibe in 1996; the buyers sold Vibe again 10 years later. It went out of print in 2009, but returned within months under yet another set of owners, investors led by InterMedia Partners. Last summer the magazine said it would embrace electronic dance music along with its usual hip-hop and pop culture coverage.  Read more

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