AXIOS – 08/04/2020
Sara Fischer
Group Nine Media, which includes digital lifestyle brands like The Dodo, NowThis, Thrillist, Seeker and PopSugar, is laying off 7% of its employees, according to sources familiar with the cuts. A smaller percentage of employees will be furloughed.
Why it matters: It’s one of the many media companies that’s been forced to take drastic measures to survive the economic fallout of the coronavirus.