Vice Media has confirmed the departure of Richard Beckman, its head of ad sales, just ten months into the job, after the business posted a surprise decline in web traffic.
Figures published by Comscore showed that the arts, culture and news publisher suffered a precipitous 17.4 per cent drop in readers in February compared with the previous month, undermining its ability to monetise its digital content.
This saw it post 49.1m unique visitors compared to 59.5m recorded in January, reversing a period of growth after big investors such as Disney came on board as the company expanded its TV reach.
Prior to his appointment at Vice Media in May 2015 Beckman served in several high profile roles within the Conde Nast Media Group as well as CEO of Prometheus Global Media and CEO of Three Lions Entertainment.
As yet Vice Media have not confirmed who will replace Beckman.