Save this article to read it later.
Find this story in your accountsSaved for Latersection.
IAC, 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.
The twist, however, is that IAC has agreed to let me run with the company myself.
Of course, I cant keep it going like youre used to.
Long story short, I need your support now more than ever.
Some will need to take on bold new creative directions for survive.
You may not agree with all of them.
And this wont be the last time I ask for your support.
We dropped out once before; we can do it again.
Independent comedy lives on just now more independent (gulp) than ever before.
CollegeHumor, which also runs thestreaming comedy service Dropout, has been owned by Barry Dillers IAC/InterActiveCorp since 2006.
After Reich takes over, IAC will reportedly retain a minority stake in the company.
Unfortunately, layoffs and even complete shutdowns have been a trend for internet comedy outlets in recent years.
I think its a lot easier to build out and up than it is to build down and in.
We have an experimental club,Reich told Splitsider in 2016.
Weve had this roux going, this soup in the cauldron, for a decade.
We had a special company sauce that you cant replicate.
you better put in a decade.
