G/O Media — parent company of brands including Deadspin, Jezebel and Gizmodo — expects a 30% decrease in its total advertising revenue during the second quarter. Like other publishers, G/O has made cutbacks, laying off 14 staffers (about 3% of staff) in April.
The crisis hit at an inopportune time for G/O, fresh off a mass defection of staff at Deadspin last November that led to G/O’s editorial union asking for CEO Jim Spanfeller’s ouster in a letter sent to G/O’s private equity owners in January.
Now, G/O is projecting an image of stability, with Deadspin under a new editor-in-chief Eric Barrow and editorial director Jim Rich. It has a full-time staff of 10 in addition to some freelancers — down from the more than 20 staffers it had back in October.
Spanfeller has also brought in a new chief revenue officer, former Bleacher Report svp of ad sales Brian Kelly.
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