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Vice Media has laid off a handful of editorial staff as it faces a softening advertising environment and sale speculation. Vice Media has laid off editorial staff at the digital news company as it faces a softening advertising environment and sale speculation. The layoffs impacted around a dozen out of a few hundred editorial staff and stemmed from the company's recent consolidation of its news and entertainment divisions under Cory Haik as chief operating officer, according to a knowledgeable source. CNBC reported in May that Vice hired bankers to explore a sale of all or parts of the company. Group Black, an entrepreneurial media collective, was also looking at the company, the Wall Street Journal earlier reported.
NBC Buys Local Video Maker LX.TV
  + stars: | 2008-01-28 | by ( Michael Learmonth | ) www.businessinsider.com   time to read: +1 min
NBC's is acquiring LX.TV, a producer of local entertainment programming for TV and the web. NBC U says LX.TV will form the basis of a new unit called NBC Local Media that will produce cultural and lifestyle programming for local TV stations and web sites around the country. LX.TV started out as Code Networks, an indie producer of broadband content for wealthy urbanites. A local real estate show, OpenHouseNYC began airing on New York's WNBC in January 2007. Varet and Hertzan will remain with the company and report to Phyllis Schwartz, EVP, news, promotion and original content for NBC Local Media.
Persons: LX.TV, MTV execs Joseph Varet, Morgan Hertzan, Mo Rocca, Tim, Nina Zagat, OpenHouseNYC, Phyllis Schwartz Organizations: NBC, NBC Local Media, Networks, MTV, Viacom, WNBC, TitanTV Locations: New York, Los Angeles
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