The Hollywood Reporter Preps to Lay Off Roughly 30% of Editorial Staff This Week
The Hollywood Reporter is preparing to lay off nearly 30 percent of editorial staff this week, while it and its sister publication Billboard are reducing print circulation.
Editorial director Matthew Belloni announced last week that he was leaving the iconic entertainment industry magazine following a series of clashes with the leaders of its parent company Valence Media, which is chaired by Todd Boehly, over the publication’s editorial freedoms.
Now, staffers are bracing for layoffs that multiple people familiar with the situation said will likely impact both The Hollywood Reporter and Billboard. THR’s layoffs are expected to number around 30 of its employees, and encompass staffers on the editorial team, including video, according to two people with knowledge of the matter. As of Monday morning, the layoff tally had not been finalized, the sources added.
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