Editorial Staff Cuts At Spin, Stereogum, Vibe

Billboard and Hollywood Reporter owner Valence Media laid off seven editorial staffers at Spin Media Group this week across music sites Spin, Stereogum and Vibe as the profits from a resurgent music industry fail to trickle down to the media that serve it.

"The decisions were made in conjunction with a pivot in business and content strategy," a source close to the situation told Billboard, adding that the publications still remain committed to music. 

The Hollywood Reporter and Billboard Media Group employ more than 400.