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.
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.”