Source: Frederick M. Brown / Getty
Black Entertainment Television’s exit from DC to transition headquarters to NY is resulting in the layoffs of 55 employees. According to a spokesperson, BET retained a real estate brokerage to explore options including selling the large property. The move comes after the network canceled its BET Honors awards program, which was held in DC. CEO Debra Lee put her Massachusetts Avenue Heights neighborhood home on the market in December. It remains listed for $11.5 million — if there are any takers out there reading The Beat this AM. The effective layoff date for the impacted employees will be September 7th. More here.
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