After officially “merging” (aka snapping up assets for half-pennies on the dollar) last week with PlanetOut, Paul Colichman’s newly minted Here Media (together with Here Networks and Regent Entertainment Media) has slashed at least a third of the staff at its newly acquired target, home of Gay.com and PlanetOut.com. The pink slips at PlanetOut were given Monday and are effective tomorrow. One report says the actual number of firings is equal to half the staff, across editorial and business/ad sales operations. But don’t begrudge the new boss: Not only are layoffs all but expected in merges, media is suffering a stroke in this economy, and costs need to be cut.
stuey
here tv is awesome! have you seen the lair? brilliant!
dot dot dot NOT
C
PlanetOut still had staffers? How many people did it take to update content once every six months?
hells kitchen guy
I think it’s “mergers.” “Merges” is 3rd-person singular for “merge.”
Ted
ugh. if I had to work for this bozo, I would pray to get laid off!
Jet
David, please report this more accurately. PlanetOut is laying off staff in anticipation of the merger (which takes a couple months to happen). Here hasn’t fired PlanetOut staff.
Jason
“David, please report this more accurately.”
Haha…good luck.
scott
whatever. There are layoffs EVERYWHERE. If PlanetOut was in super profit mode I’d be surprised but otherwise, it’s too be expected.