After parent company IAC informed chief creative officer Sam Reich that they were no longer funding CollegeHumor, which includes subsidiaries Drawfee, Dorkly, and Dropout. This resulted in more than 100 people being laid off.
The site originally came about back in 1999 and then was eventually bought out by IAC back in 2006. They were looking to sell the site back in fall of 2019, as reported by Bloomberg.
Vulture, however, picked up the most recent news about the layoffs from a series of tweets made by Reich on January 8th, 2020.
So, bad news – with a twist.
⁰IAC, our parent company, has made the difficult decision to no longer finance us. Today, 100+ brilliant people lost their jobs, some of whom are my dear, dear friends. Hire them. (thread)
— Sam Reich (@samreich) January 8, 2020
The thread is fairly lengthy, and Reich goes on to say…
“The twist, however, is that IAC has agreed to let me run with the company myself. In words that I’m sure are as surreal to read as they are to type, I will soon become the new majority owner of CH Media. Of course, I can’t keep it going like you’re used to. While we were on the way to becoming profitable, we were nonetheless losing money — and I myself have no money to be able to lose.
“Long story short, I need your support now more than ever. The #1 way you can support me is to stay subscribed to Dropout. We have six months’ worth of content still to release: Dimension 20, Um, Game Changer, Breaking News, and more. Dropout 2.0 launches at the end of the month, and along with it come two long-desired features: (a) downloads and (b) international Discord access.
“In these six months, I hope to be able to save Dropout, CollegeHumor, Drawfee, Dorkly, and many of our shows. Some will need to take on bold new creative directions in order to survive. You may not agree with all of them. And this won’t be the last time I ask for your support.
“I will, however, do my very best to stay true to the talent, shows, fans, and principles that got us where we are today. We dropped out once before; we can do it again. Independent comedy lives on — just now more independent (gulp) than ever before.”
The news was quickly picked up by TheQuartering, who pointed out how the company got woke and went broke.
Some of you might be wondering “When or where did CollegeHumor get woke?” Well, sit back and let’s go on a short journey, where Dorkly’s Tristan Cooper ragged on Xenoblade Chronicles 2 for having a big, busty bunny girl.
Dorkly was also one of the media outlets who went after William Shatner because he criticized the social (in)justice keyboard warriors.
CollegeHumor was also quick to jump into the identity politics debate surrounding video games and marketing, to which a contentious comment section attempted to correct them on the matter, as reported by What’s Trending.
And that’s not even getting into the discussion about them attempting to wade around the #GamerGate conversation with cringe-worthy millennial humor.
There are plenty of other examples of CollegeHumor or Dorkly attempting to side with the Left-wing portion of corporate media and the crazies who control Twitter, so it’s no surprise that eventually catering to people who don’t buy or pay for things eventually resulted in them going broke.
Even more hilarious is that CollegeHumor did a skit about going broke months before it even happened.
While some people called their video “clickbait” and that it wasn’t true they were shutting down way back when it was posted back on August 6th, 2019, it looks like it was more prophetic than anything.
Regardless of what you think of the unfunny video above, we can now officially add CollegeHumor to the Get Woke, Go Broke Master List.
(Thanks for the news tip Nick Monroe)