Parent company of The Hollywood Reporter, Billboard lays off 30 percent of staff [FOX News]
Tribune Publishing Co (TPCO)
Last tribune publishing co earnings: 11/7 04:10 pm
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Source: FOX News
closeVideoBret Baier: Sources tell Fox News there is increasing confidence that coronavirus originated in Wuhan lab'Special Report' anchor Bret Baier joins Sean Hannity on 'Hannity.'Get all the latest news on coronavirus and more delivered daily to your inbox.Sign up hereThe parent company of major publications like The Hollywood Reporter and Billboard magazine have laid off a significant portion of its staff, according to an internal memo.Valence Media, which also oversees companies Media Rights Capital, Vibe, and Dick Clark Productions, made the "difficult" decision to cut 30 percent of its staff amid the financial blow sparked by the coronavirus pandemic. Deadline obtained a copy of the memo written and sent out to staff Tuesday night by co-CEOs Asif Satchu and Modi Wiczyk."As we have seen, even the biggest companies in the world are being forced to make very difficult decisions. Those companies that avoid making hard choices now risk having to make even worse choices later. Our co
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