"The experiment of a paid subscription didn't work. Do I think we're going there at some point in the future? Maybe five years, maybe 10 years? I agree with that, but we were early."
Hoffman's departure joins several cuts to the company, as Beasley has slashed staff members in Tampa, Boston, New Jersey, Philadelphia, and Detroit in addition to Las Vegas.
"The experiment of a paid subscription didn't work. Do I think we're going there at some point in the future? Maybe five years, maybe 10 years? I agree with that, but we were early."