A "restructuring" is in progress as now former Spin Editor-in-Chief Craig Marks is out. Marks says that, though his recent time at Spin was brief, he had a positive experience and hopes he "helped lay the groundwork for Spin to be good and relevant and meaningful." This departure is being attributed by the New York Post to a new phase of cost-cutting. In addition, SpinMedia has received a new funding round of $7.5 million. Craigs Marks became Spin Editor-in-Chief, replacing Jem Aswad, back in June. Marks was Editor-in-Chief of Spin in the 90s, a very different time for print media,...

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