Jossip Network shutters Mollygood, Stereohyped

The Jossip Blog Network has closed two long established blogs: Mollygood and Stereohyped.

Network owner David Hauslaib said in a note to staff that the sites were shutting due to the broader economic climate going in to 2009.

I can give you some bullshit speak to feed your “art of a layoff memo” meme (which I quite enjoyed), but basically, we looked at what 2009 is going to be like, and it isn’t pretty. Your own boss will tell you online media isn’t immune to the ad downturn. We’ve been very successful with all four sites — in terms of both economics and readership levels — and much consideration went into the decision, both personally and fiscally, but it’s a call that’s in the best interest of the company to move forward. It’s just shitty that the decision means we say goodbye to very creative and talented people. That said, we’ve got a few significant new things we’re working on with Jossip and Queerty, which, though Gawker might like to argue, are category leaders.

Jossip maints its original Jossip.com and the GLBT focused Queerty.

(via Gawker)