Wednesday, December 6, 2017

"Cracked Lays Off 25 As the Great Digital Media Purge Continues"

SN:

Twenty-five employees were let go . . . .

The cuts come about a month after Scripps announced it was writing off nearly $36 million—upward of 90 percent—of its initial investment in Cracked as a loss. The humor brand’s growth to about two million YouTube subscribers had not coincided with an expected increase in cash flow.