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Editorial Staff Cuts At Spin, Stereogum, Vibe

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(Hypebot) — 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.

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