InterActive Corp., the New York company that owned CollegeHumor parent Ch Media, sold its brands to CollegeHumor’s chief creative officer Sam Reich. Terms of the deal were undisclosed but Deadline reported that “all but a handful” of employees were notified of their layoffs Wednesday.
Reich, who joined CollegeHumor in 2006 was not available for comment, but shared the news on Twitter and said he aimed to continue operating the leading CollegeHumor brands, including Dropout, its comedy Svod streaming service. “I hope to be able to save Dropout, CollegeHumor, Drawfee, Dorkly, and many of our shows,” Reich said on Twitter. “Some will need to take on bold new creative directions in order to survive. You may not agree with all of them.