Valence Media Layoffs to Hit The Hollywood Reporter, Billboard

Editorial staff at trade magazines The Hollywood Reporter and Billboard will be affected by previously reported layoffs and financial cuts coming down at parent company Valence Media, Variety has learned.

Leadership at the organization, run by Media Rights Capital founders Asif Satchu and Modi Wiczyk, has been asked to prep lists of layoff candidates at both publications, one insider with knowledge of the company said.

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