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February 6, 2009

UK’s Shiny Media cuts staff; co-founder Katie Lee leaves

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Shiny Media is to cut back on staff, including editorial director and co-founder Katie Lee, according to an official press release initially sent to TechCrunch UK & Ireland. Chris Price remains in place as the last of the company’s founders.

The full statement, copied below, talks of the current tough financial climate and the toll it has taken on the new media company. Shiny Media has “held on as long as [it] could without restructuring the business” but that long-term stability has now forced its hand. read more

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