AOL Inc. is eliminating about 500 positions at its struggling Patch local-news business, or close to half of the division’s more than 1,000 employees, according to a person with knowledge of the decision.About 350 people will lose their jobs today, and roughly 150 will be asked to stay for 60 more days as the company seeks partners for some of the 900 Patch sites, said the person, who asked not to be identified because the matter is confidential. Chief Executive Officer Tim Armstrong, who apologized this week for firing a staff member in front of colleagues, announced the job cuts this morning to Patch workers.Mr. Armstrong, who has said he aims to make Patch profitable by the end of the year, told the staff last week that 400 sites would close down or look for partners, such as other local-news publishers. Today, Mr. Armstrong told employees the company may shutter as many as 20% of the Patch sites, with another 20% destined for partnerships or consolidation, the person said.Patch, which covers school-board meetings, local businesses and other neighborhood stories, has been a costly part of AOL’s strategy to transform the dial-up provider into an advertising-driven content publisher. The company has spent more than $300 million developing the sites, which serve communities and neighborhoods across the country.“Patch’s strategy will be to focus resources against core sites and partner in sites that need additional resources,” AOL said today in an e-mailed statement. “The... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-16 00:00:00 UTC ]
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Job losses expected as publisher Condé Nast announces UK version of title will move from monthly to twice a yearThe British edition of the fashion title Glamour is to implement a digital-first strategy under which it will print a magazine twice a year and merge its editorial and commercial... Continue reading at The Guardian
[ The Guardian | 2017-10-06 00:00:00 UTC ]
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New books from Mary Berry, Dan Brown and Dawn French are out, as part of the mass launch that marks the start of the Christmas season – and there’s another 250 on the way. Here are 10 titles in the running for No 1More than 500 glossy new hardbacks are set to arrive on the shelves of the UK’s... Continue reading at The Guardian
[ The Guardian | 2017-10-05 00:00:00 UTC ]
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Mark Warren, formerly an editor at 'Esquire,' has been named v-p and executive editor of the Random House imprint, effective October 16. At little Random, he will be acquiring nonfiction, with a focus on politics and history. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
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Val McDermid has gone straight to number one in her first appearance in The Bookseller’s Weekly E-Book Ranking. Continue reading at The Bookseller
[ The Bookseller | 2017-09-08 00:00:00 UTC ]
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Every critic knows that readers love a spirited hatchet job, whether or not the author being chopped is one whose work they’ve hated—or even read. Much of the public seems to possess an ambient belief that the literary world is filled with frauds and self-styled geniuses whose reputations have... Continue reading at Slate
[ Slate | 2017-09-05 00:00:00 UTC ]
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Dara Khosrowshahi, the low-profile chief executive of travel booking company Expedia, on Tuesday accepted an offer to be Uber’s next CEO. In an email sent to Uber employees two days after offering him the job, the company’s board of directors confirmed Khosrowshahi’s appointment. “We’re really... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-08-30 00:00:00 UTC ]
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Lincolnshire and Powys are the latest councils to come under the spotlight for planned cuts to their public library service. Continue reading at The Bookseller
[ The Bookseller | 2017-08-25 00:00:00 UTC ]
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Cost-cutting move aims to save educational publisher around £300m a year with a 10% cut in global staff after biggest loss in history in 2016Pearson is to cut 3,000 jobs as the embattled company looks to slash costs after a slump at its US higher education business.The world’s largest education... Continue reading at The Guardian
[ The Guardian | 2017-08-04 00:00:00 UTC ]
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Jen Garside from HarperCollins Publishers tells us all about her role as digital projects executive. Continue reading at The Bookseller
[ The Bookseller | 2017-07-29 00:00:00 UTC ]
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Laurene Powell Jobs's Emerson Collective has agreed to acquire a majority stake in the Atlantic, the iconic political and cultural magazine that has also become a force in digital publishing.Powell Jobs, the 53-year-old widow of Apple co-founder Steve Jobs, is buying the stake from Atlantic... Continue reading at Advertising Age
[ Advertising Age | 2017-07-28 00:00:00 UTC ]
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A discussion on how watermarking ebooks plays into publishers' overall DRM strategies, and its effectiveness. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-21 00:00:00 UTC ]
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A government move to offer library supply contracts to foreign firms has spelled the end for the 27-year-old Open Book Company, with six roles affected and the wider trade outraged. Continue reading at The Bookseller
[ The Bookseller | 2017-07-03 00:00:00 UTC ]
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Megan Pollard from deCoubertin Books tells us all about her role as assistant publisher. Continue reading at The Bookseller
[ The Bookseller | 2017-06-30 00:00:00 UTC ]
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The American Library Association kicked off its 2017 annual conference on Thursday with a reception at Google’s Chicago office to celebrate a new $500,000 competitive grant program, sponsored by Google, to encourage computer skills in America’s libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-22 00:00:00 UTC ]
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The Essential Job Interview Handbook will help job seekers prepare effectively for interviews and become familiar with different types of interview questions and styles of interviews. A unique feature of this book from Career Press is the multiple answers it provides for each question, rated... Continue reading at Betanews
[ Betanews | 2017-06-20 00:00:00 UTC ]
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Sophie Raoufi from Singing Dragon tells us all about her role as marketing executive. Continue reading at The Bookseller
[ The Bookseller | 2017-06-13 00:00:00 UTC ]
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Washington Nationals star Bryce Harper agreed to drop his appeal of a four-game suspension and had one game shaved from the punishment. Harper reached the agreement Wednesday with Major League Baseball and begin serving the suspension immediately. The punishment stemmed from a bench-clearing... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-06-01 00:00:00 UTC ]
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At the Digiday Video Anywhere Summit, video publishers spoke honestly about the challenges in platform publishing, measurement and making money. The post Publishers’ candid thoughts on video: ‘Facebook is taking a cut of what used to be ours’ appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-05-19 00:00:00 UTC ]
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A group of Australian actors, dancers, writers and comedians – including Charlotte Wood, Zoe Coombs Marr and Marieke Hardy as well as Pomeranz and Roxburgh – have joined a video campaign calling on Fairfax management to reconsider slashes to its arts coverage. The company has announced 125 jobs... Continue reading at The Guardian
[ The Guardian | 2017-05-08 00:00:00 UTC ]
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Pearson said it has plans to further reduce costs by $300 million, and it is also reviewing its strategic options for the K-12 courseware business. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-08 00:00:00 UTC ]
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