Thursday, April 16, 2009

Neil Stiles, What’s the Plan?

Sharon Waxman writes:

Variety, which for decades has been coddled by absurd profit margins, has no clue about how it’s going to survive.

Stiles says the trade is still “an extremely profitable franchise.” If so, why are they cutting into bone? The cuts in January were close to 7 percent, and yesterday’s elimination of 15 more bodies continues the trend.

Last time it was folks from overseas.This time it’s core newsroom people -- Dade Hayes, Mike Speier, reporter Dan Frankel -- and new ideas. Stiles also slashed and its staff, a site covering entertainment and technology. More cuts may well be on the way.

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