Industry Pub ‘The Hollywood Reporter’ Cuts Around a Dozen Positions

Insiders don’t foresee big changes resulting
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There are always staff changes happening in the media, but when it happens in our own backyard, it’s worth noting. This week The Hollywood Reporter, which includes the weekly print magazine and THR.com, cut about a dozen staffers, 30 percent from editorial. Valence Media, THR’s parent company—which also owns Billboard, MRC Film (which produced Knives Out), MRC Television (Ozark), and Dick Clark Productions (which produces the Golden Globes and American Music Awards)—did not comment.

What this means for the future of THR the brand is, according to insiders and staffers, not really that significant. The cuts were apparently strategic across a few departments and included reporters Ingrid Schmidt (style), Paul Bond, Marisa Guthrie, Scott Johnson, and team members from video and graphic design.

On February 5, Guthrie broke the news on Twitter: saying, “After 9 amazing years at THR, I am moving on. It’s been a joy and privilege to work with the talented and dedicated team at THR. And I would not trade it for anything.”

Management reportedly met with staffers the next day to explain the cuts, which are apparently only 2 to 3 percent of overall staff. As for content, it’s thought that after the THR staff relocates to Valence’s Beverly Hills offices from its current Mid-Wilshire location, there may not be as much coverage of some subjects as before (including style) and that one new business move for the magazine could be covering more analytics and data. The data expansion plan was announced in December of 2019, when Valence Media acquired Nielsen Music and Data.


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