About 22 people have been hit by layoffs Hollywood Reporter-Billboard Media Group, as well as the company's owner Valence Media, individuals familiar with the reduction of employees told Variety.
It was revealed on Thursday that Dana Miller, marketing director for both the show industry and the music industry's publications, was out – in addition to several of her New York-based employees, insiders said. Miller departs in the middle of the hectic price season at the THR. Her tasks included programming Billboard's annual Women in Music event.
The ticket magazine, chief editor Jayme Klock, was also canceled, according to several people with knowledge of the press room. As many as five departments lost employees in an ongoing reorganization, another person with knowledge of the company said.
THR-Billboard was acquired and fell in Valence in February, along with Dick Clark Productions and producer Media Rights Capital.
While those close to Valence say the reorganization will lead to new hires in the near future, the media industry has been full of similar downturns over the past year. Ad sales and technical staff at Conde Nast were discontinued this fall (to say nothing about the company's CEO, Bob Sauerberg, who was deleted around the same time) after depositing $ 120 million in losses in 2017. Mic, once a Internet-loving publisher, cutting the lion's share of its employees before selling for an unknown amount to the Bustle Digital Group at the end of November.
A Valence spokesman refused to comment on the case. Valence is headed by CEO Asif Satchu and Modi Wiczyk. Billiards and Los Angeles Dodgers owner Todd Boehly serves as leader.