Layoffs Hit Valence Media: Hollywood Reporter, Dick Clark Productions, Billboard, Vibe Affected
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variety.comLayoffs have begun at Valence Media, the conglomerate that owns editorial operations like The Hollywood Reporter and Billboard, and content shops like Dick Clark Productions and Media Rights Capital.
Senior writers and editors at Billboard and Vibe magazines were pink slipped early Tuesday, employees tweeted. Cuts at THR are also expected to begin on Tuesday, insiders told Variety.
These layoffs are believed to include editorial employees, as well as staffers in other departments. At least eight people were dismissed from Dick Clark Productions, said one source of the producer of the annual Golden Globe award, and roughly three staffers from “Ozark” and “Knives Out” producer MRC.
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