FSB.com learned Wednesday night of some apparent big changes at Fanball.

An anonymous source has told us that about a third of the company’s staff has been let go, including CDM Fantasy Sports co-founders Carol Matthews and Brian Matthews. (CDM was acquired in 2006 by Fanball’s parent company.)

FSB.com has independently confirmed that the purge did take place and that Ryan Houston, publisher and senior VP of business development, has been promoted.

Word is that some recent ventures have underperformed financially, though FSB.com has yet to confirm any specifics on that front. We’ll bring you more details as they become available.

Tags: cdm fantasy sports, fanball, fantasy sports, fantasy sports business, fantasy sports industry

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