Shiny Media, the UK’s answer to Gawker Media, has taken a severe knock today with the loss of a number of staff and their second co-founder Katie Lee.
Mike Butcher at Techcrunch UK received an email notifying him of the news which I have republished below.
August of last year so the loss of the first co-founder Ashley Norris who wrote a highly controversial discussion piece on TCUK, essentially highlighting the reasons why (he felt) blog publishing/networks ‘failed’ in the UK – well worth a read.
Moving Shiny forward
You don’t need me to tell you that that we are in the midst of some very tough times and sadly they affect new media networks like Shiny too.
We have held on as long as we could without restructuring the business but we now have to make those changes to secure the long-term stability of Shiny.
It is with huge regret that we are having to part company with several members of our team. They are very talented and extremely likable individuals, however ultimately in the current climate we are faced with no choice but to let them go.
We also announce today the departure of our editorial director and co-founder Katie Lee from Shiny. Katie played a massive role in developing Shiny and in particular several of its hero blogs. She has now decided that the time is right to leave the business. She does however remain a significant shareholder in Shiny and we are very grateful for all she has done over the years.
Shiny is a British new media success story. We have built a stable of great media brands that between them attract over three million readers each month. Times maybe tough now, but we are confident that this move, though painful in the short term, will leave us well placed to thrive and prosper in the future.
Picture Credit – Guardian