Jim Spanfeller, chief executive of G/O Media, said in a memo to staff obtained by CNN that the company had tried to sell the publication, but that after talks with two dozen potential buyers, “we could not find Jez a new home.” “As of this week we are making the very, very difficult decision to suspend publication of Jezebel,” Spanfeller said.
“We have been operating over the last few quarters with an eye towards efficiency and being budget conscious. I had been hoping that by doing so we could see our way through these dark times in our industry,” he told employees in his memo. “And indeed, we held out far longer than most. But we can hold out no longer.” In total, the suspension of Jezebel’s operations and other restructuring actions will “result in the departure of 23 editorial staffers,” Spanfeller said.
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