Thanks to Ed, late of AnnArbor.com, we have news about the layoffs here. A2politico.com has even more in depth here. I love the description of "Kontent King Tony" and his avoidance of discussing the profitability of AnnArbor.com.
As one who sat through way too many of Tony's meetings, I can only tell you he is a first rate spinmeister. Problem is, no one ever believes the spin.
Clearly the ship is taking on water. With the management team assembled anyone should have seen this coming.
Remember this was going to be a website like no other, it was going to define the new journalism, according to those who started it. Well, let's hope not.