Between January and May this year, approximately 3,000 people working in the news industry were laid off or offered a buyout. That’s according to figures compiled by Challenger, Gray & Christmas Inc.—a Chicago-based firm that helps workers find new employment—and reported yesterday in a depressing article by Bloomberg’s Gerry Smith. The industry, Smith writes, is on course for its worst year jobs-wise since 2009. Back then, the Great Recession had hammered the economy across the board; now, with America’s unemployment rate at a 50-year low, journalism is a notable outlier. “In most industries, employers can’t find enough people to fill the jobs they have open,” Andrew Challenger, vice president at Challenger, Gray & Christmas, tells Smith. “In news, it has been the opposite story. And it seems to have been accelerating.” The decline of the media job market, especially in print, is nothing new. But 2019 has been particularly brutal. All job losses are not equal—layoffs are not buyouts are not firings—and different publications have their own specific problems beyond malign, industry-wide revenue trends. Nonetheless, by my rough, incomprehensive count, this year has seen: 200 layoffs at BuzzFeed; 250 layoffs at Vice; 800 layoffs at properties owned by Verizon, including HuffPost and Yahoo; more than 1,000 layoffs or buyout offers at newspapers owned by Gannett, McClatchy, and GateHouse; the loss of every staff writer at the East Bay Express, a California alt-weekly;... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2019-07-02 12:07:17 UTC ]
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Penton and NewBay Media each made M&A news this week, while UBM has agreed to sell a second property since Monday's announcement that CEO David Levin intends to step down in 2014. UBM Live, a division of the Continue reading at Folio Magazine
[ Folio Magazine | 2013-09-20 00:00:00 UTC ]
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The National Book Awards is announcing expanded lists of ten finalists for four categories: fiction, nonfiction, poetry, and young adult fiction. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-09-17 00:00:00 UTC ]
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The Man Booker Prize has admitted that changes are being made to its rules. However the award has... Continue reading at The Bookseller
[ The Bookseller | 2013-09-16 00:00:00 UTC ]
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After a two-decade-long relationship between the magazine giant Time Inc. and American Express, Time Inc. plans to close quickly on its purchase of American Express’s publishing division. “This 20-year courtship is finally bei ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-09-11 00:00:00 UTC ]
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#long history
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The late New York Times Reporter Anthony Shadid, who died in Syria last year, is among the winners of the 2013 Arab American Book Awards. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-09-03 00:00:00 UTC ]
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Hearst is preparing to launch a digital weekly edition of monthly men's magazine Esquire this week, in an attempt to appeal to younger readers and stem double-digit circulation falls. Continue reading at Media Week
[ Media Week | 2013-09-02 00:00:00 UTC ]
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New Penguin Random House c.e.o. Markus Dohle has spoken of the "societal impact" made... Continue reading at The Bookseller
[ The Bookseller | 2013-08-30 00:00:00 UTC ]
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In an effort to beef up its digital presence, the University of Missouri's independent student newspaper, The Maneater, announced Wednesday that it will reduce its print publication from twice a week to once a week, publishing only on Wednesdays. .. Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-08-23 00:00:00 UTC ]
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#digital presence
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This could be the final blow to paper and ink news: Reporters graduating out of journalism school and headed to work at newspapers and magazines don't read print media, with over seven of 10 choosing digital news and social media websites instead ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-08-16 00:00:00 UTC ]
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Following up on a story on ESPN's global dominance, The Atlantic has published a series of charts that show why the sports network remains so expensive––and why men continue to pay for its premium. The network's internal research, which polls its subscribers (take from that what you will), finds... Continue reading at Fast Company
[ Fast Company | 2013-08-15 00:00:00 UTC ]
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#nate silver
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The University of Georgia has released its annual survey measuring the success of journalism and mass communications majors in finding jobs after graduation. Continue reading at Folio Magazine
[ Folio Magazine | 2013-08-15 00:00:00 UTC ]
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J K Rowling's The Casual Vacancy (Sphere) remains the bestselling book in the UK, topping the... Continue reading at The Bookseller
[ The Bookseller | 2013-08-13 00:00:00 UTC ]
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The ABA's CEO sent an open letter to independent booksellers encouraging them to publicize Amazon as a company "detrimental" to the book business and buyers. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-08-11 00:00:00 UTC ]
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#american booksellers
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J K Rowling's The Casual Vacancy (Sphere) remains the bestselling book in the UK, with her... Continue reading at The Bookseller
[ The Bookseller | 2013-08-06 00:00:00 UTC ]
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The newspaper industry was hit with more bad news mid-week, as the Cleveland Plain Dealer made deep cuts to its newsroom, and several newspaper publishers reported more revenue declines. The Plain Dealer, owned by Advance Publications, delivered ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-07-31 00:00:00 UTC ]
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John Grisham's The Racketeer (Hodder) was comfortably the bestselling book in the UK last... Continue reading at The Bookseller
[ The Bookseller | 2013-07-16 00:00:00 UTC ]
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The shortlist nominees for the 2013 PEN Literary Awards have been announced. Categories include debut works, nonfiction, picture books and translation. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-15 00:00:00 UTC ]
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New! For the July 1, 2013 issue (reservation deadline June 17, 2013): Some call it multicultural, some call it Africana, some call it a “special collection”; but whatever it’s called, the procurement of materials that reflect black culture is a part of a librarian’s job, and we wanted to hear... Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-06-11 00:00:00 UTC ]
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Hachette Books Ireland and Orion Publishing, in collaboration with the Irish Times, have jointly... Continue reading at The Bookseller
[ The Bookseller | 2013-05-29 00:00:00 UTC ]
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The judges of the Man International Booker Prize have done what recent Nobel Prize committees have refused to do: honor an American for "achievement in fiction on the world stage." Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-05-23 00:00:00 UTC ]
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