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“I hope to be able to save Dropout, CollegeHumor, Drawfee, Dorkly, and many of our shows,” Reich said on Twitter. While shocking, CollegeHumor’s massive number of layoffs is par for the course for comedy channels on social media platforms.

Great people have lost their jobs this week, many of them at companies like Thumbtack, Macys.com, ZipRecruiter and more. CollegeHumor 457,866 views Data is collected by tips submitted to the Layoff List and public reports. “The decision places CH Media with an owner who is beloved by fans, passionate about the business and sees a future we believe in.”InterActive Corp. owns a number of high-profile brands, including Ask.com, Investopedia, digital media publication The Daily Beast, and several dating apps and websites, such as Tinder, OkCupid, and Match.Interviews with leading film and TV creators about their process and craft.Get The Latest IndieWire Alerts And Newsletters Delivered Directly To Your Inbox Due to our geographic location we mostly focus on layoffs happening in North America but we accept tips from all over the world. ... CollegeHumor, Drawfee, Dorkly, and many of our shows.

Independent comedy lives on -- just now more independent (gulp) than ever before. The site was founded by Josh Abramson and Ricky Van Veen in 1999.“The decision places CH Media with an owner who is beloved by fans, passionate about the business and sees a future we believe in,” the statement said.⁰IAC, our parent company, has made the difficult decision to no longer finance us. The future of CollegeHumor, the pioneering comedy website that rose to prominence before the rise of YouTube, was thrown into question Wednesday after the brand’s sale resulted in …

"CollegeHumor was launched in 1999 and featured both in-house and user-submitted content, including funny videos, images and articles. All rights reserved. And this won’t be the last time I ask for your support.”CollegeHumor was co-founded by Josh Abramson and Ricky Van Veen  in 1999 and served as the jumping off point for several popular television writers and shows. Today, 100+ brilliant people lost their jobs, some of whom are my dear, dear friends. Sam Reich, CollegeHumor's COO, acknowledged the company's troubles on Twitter, announcing that media company IAC decided to "no longer finance" the site, leading to over 100 cut jobs. In a “twist,” chief creative officer Sam Reich announced on Twitter that IAC had agreed to transfer majority ownership to him.“I hope to be able to save Dropout, CollegeHumor, Drawfee, Dorkly, and many of our shows,” said Reich on Twitter. (thread) IAC will sell CollegeHumor to its CCO Sam Reich. Read Next: ‘Succession’ Star Nicholas Braun Reveals Whether Cousin Greg Has a Future in Music "Reich urged fans to remain subscribed to the comedy platform Dropout, promising at least six month's worth of content that has yet to be released. Follow him on Twitter This material may not be published, broadcast, rewritten, Today, 100+ brilliant people lost their jobs, some of whom are my dear, dear friends. Hence why all those people got layed off. Read Next: Idris Elba Says ‘Luther’ Movie Is Happening: ‘The Sky Is the Limit’

Fox News Flash top entertainment and celebrity headlines for Jan. 8 are here. So it does seem like all the big cast members were part of the layoffs. Terms of the deal were undisclosed but Reich, who joined CollegeHumor in 2006 was not available for comment, but shared the news on Twitter and said he aimed to continue operating the leading CollegeHumor brands, including Dropout, its comedy SVOD streaming service.

You may not agree with all of them.”IAC first acquired CollegeHumor in 2006. CollegeHumor Sale Results In More Than 100 Layoffs The website boasted popular shows and launched the careers of several television writers, … Check out what's clicking today in entertainment.The long-running comedy outlet CollegeHumor has cut nearly its entire staff as its parent company decided to no longer fund the website.Sam Reich, CollegeHumor's COO, acknowledged the company's troubles on Twitter, announcing that media company IAC decided to "no longer finance" the site, leading to over 100 cut jobs. CollegeHumor shape-shifted frequently during its 20-year run, but the evolutions were expansions: bicoastal offices, more staffers, higher production values. Variety and the Flying V logos are trademarks of Variety Media, LLC. Fuck. CollegeHumor isn't alone in its fight to turn a profit.

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