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Food or Comics | A roundup of money-related news

by  in Comic News Comment
Food or Comics | A roundup of money-related news

Anime News Network and ICv2.com confirm an earlier report that Viz Media has laid off “multiple people.”

CEO Hidemi Fukuhara wouldn’t provide details, but released the following, rather vague, statement: “Viz Media is in the process of refining its focus and is restructuring to adjust to changing industry and financial market realities. Viz feels confident that with these changes, the company will be more streamlined to face the current economic climate.”

• Rich Johnston reports that DC Comics is expected to make another round of layoffs in mid-March, part of massive cutbacks by parent company Warner Bros. Two or three mid-level editors and a few advertising staff members could be lost.

The first round of cuts at DC was announced in January, when Senior Editor Bob Schreck, Subscriptions Manager Christine Sawicki and several staff members at MAD magazine. Those layoffs coincided with the move of MAD to a quarterly schedule, and the elimination of MAD Kids and MAD Classics.

Anime News Network reports that Kodansha Limited, Japan’s largest publisher, posted a $81.2-million loss last year — its largest ever — because of a decline in advertising revenues and manga and magazine sales. Kodansha publishes Weekly Shonen Magazine, Monthly Shonen Magazine, Morning, xxxHOLIC, Tsubasa, Fairy Tail and Love Hina, among other magazines and manga.

• Robot 6 contributor Chris Mautner discusses the elimination of his newspaper’s books page and the end of his weekly comic-book column.

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