Media News: Nylon Cuts 13 Including Publisher Dana Fields
Canadian elf princess and DIY alt-pop artist Grimes on the Ocrtober 2015 issue of Nylon.
This one wasn’t expected; it was off guard!
Yesterday Friday (October 2), at their 10 a.m. meeting with the company’s most important and high ranking officials, Nylon Media staffers were informed that 13 workers were being let go. This announcement came after staffers were assured that their jobs were intact after more than a year of changes that included merging with FashionIndie, being sold to Diversis LLC and Backbone LLC and experiencing various masthead changes.
According to WWD, insiders told them “that the layoffs amounted to one-third of the magazine’s staff. Nylon executive vice president, chief revenue officer and publisher Dana Fields was let go, as well as various advertising sales positions, and assistants on the business side. On the editorial side, layoffs included two fashion editors, two writers and a TV producer who was poached from Condé Nast, where she worked on Vogue’s “73 Questions” Web series.”
“The staff, which is estimated to be about 30 to 40 people, has been slowly adding digital jobs, while eliminating “redundant” print positions.”
“For the time being, on the print side, there are three fashion editors and a photo and art editor.”
Editor-In-Chief and Chief Marketing Officer, Michelle Lee still holds her titles at the publication.
“The magazine has not been selling,” a source with knowledge of the situation offered. “Budgets [for print] don’t exist anymore.”
With all of these layoffs and changes, I predict that Nylon, which publishes ten times a year, will go all-digital by the end of the summer next year (2016).
Photos Credit: Sacha Maric via Nylon‘s Instagram