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Tuesday, October 14, 2008
Philadelphia Style mag marks Columbus Day with layoffs
Columbus Day was no holiday for the staff of Philadelphia Style magazine. Niche Media, the New York-based company that bought the magazine in February from Dana Spain-Smith's DLG Media, sent human-resource staffers to the mag's South Philly offices yesterday to lay off much of its editorial and creative staff.

Niche, which also publishes magazines such as Gotham, Hamptons and Los Angeles Confidential, has said that it targets readers with household incomes of at least $250,000. Despite laying off workers yesterday, Niche's profits are up nearly 10 percent over last year, and the company just expanded its New York offices, sources tell us.

Niche CEO Jason Binn declined to discuss specifics of the layoffs yesterday or reveal how many positions were eliminated. "We've had to accelerate the realization of our operating efficiency," Binn said. And despite the layoffs, he added, the magazine will publish eight issues annually, up from six. He says that publisher John Colabelli and editor Sarah Schaffer will remain.

"They've added glamour and luxury and a stronger connection with the community," he said.

Posted by Dan Gross @ 9:01 AM  Permalink | 18 comments
Comments   
Posted 09:58 AM, 10/14/2008
Citizen Rorshach
I don't need a magazine to tell me what "style" is. I let my denim jacket, acid wash jeans and fishnet t-shirt do the talking for me. SLAP BRACELETS RULE!
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Posted 12:29 PM, 10/14/2008
Citizen Rorshach
Judging by the cover, I think the only reason I'd read Philadelphia Style is for um..."inspiration." That is of course, if I couldn't find my mom's Sears catalog.
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Posted 02:40 PM, 10/14/2008
Jack Daniels on the rocks
"We've had to accelerate the realization of our operating efficiency," said Brian Tierney. "Dan Gross, was spending way too much time in the break room since we have been putting out free doughnuts. We also had to buy him 4 new keyboards in the past month due to Cheeto crumbs wedged been the keys and enough Jolt Cola in one of them to keep an 8 year old awake for a month. It was very unprofessional and we needed the 3rd Floor Handicapped stall back for mid-day power dumps. You don't understand how crazy it gets in here at lunchtime."
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