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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Figures in its filing with the SEC show that Barnes & Noble cut Nook capital expenditures by 74% in the third quarter. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-07 00:00:00 UTC ]
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At Little, Brown, Heather Fain has been promoted to v-p, deputy publisher, marketing director. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-07 00:00:00 UTC ]
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Connecting content creators and consumers would be an enormous coup for news sites, magazines, TV networks, and other media. We look at three startups that could help.At magazines like Fast Company, we rely on distribution networks to get our articles to our readers. In print, the primary... Continue reading at Fast Company
[ Fast Company | 2014-03-07 00:00:00 UTC ]
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Sophie Cottrell has been promoted to to senior v-p, corporate communications at Hachette Book Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-06 00:00:00 UTC ]
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Linda Matthews announced she is stepping down as director of Chicago Review Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-05 00:00:00 UTC ]
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Sanj Kharbanda has been promoted to senior v-p, digital markets for Houghton Mifflin Harcourt. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-03 00:00:00 UTC ]
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Janet Rasche will be joining Macmillan in the newly created position of v-p, operations planning, effective March 3 Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-28 00:00:00 UTC ]
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NEWARK — Gannett Publishing Services will cease printing operations at The Advocate’s plant downtown during 2014, the company told employees Thursday. All production work for The Advocate and numerous other daily and weekly newsp ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-02-27 00:00:00 UTC ]
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Reka Simonsen will be joining us at Atheneum Books for Young Readers as executive editor, effective March 10. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-27 00:00:00 UTC ]
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After 34 years at Simon & Schuster, sales rep Michael Carley will be retiring on April 22. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-26 00:00:00 UTC ]
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Macmillan Science and Education has named Allison Rutledge-Parisi Chief People Officer. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-21 00:00:00 UTC ]
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Sheffield City Council has approved plans to slash its library funding and leave only 12 of its... Continue reading at The Bookseller
[ The Bookseller | 2014-02-20 00:00:00 UTC ]
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Christian Waters has been named director of marketing and new business development at Osprey Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-20 00:00:00 UTC ]
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Former CNN national correspondent Alina Cho is joining the nonfiction team at Ballantine Bantam Dell. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-12 00:00:00 UTC ]
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Sanity has been restored to Nokia’s Lumia smartphone lineup with the release of the Nokia Icon. This Verizon exclusive pulls the best features from Nokia’s massive 6-inch phablets—the Lumia 1520 in particular—and tucks them behind a manageable, 5-inch OLED display.I purposefully seek out large... Continue reading at PC World
[ PC World | 2014-02-12 00:00:00 UTC ]
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Sunday Times critic honoured for 'expert caning' of rock star's autobiography"A cacophony of jangling, misheard and misused words … a sea of Stygian self-justification and stilted self-conscious prose … " AA Gill's caustic review of Morrissey's Autobiography has been named the Hatchet Job of the... Continue reading at The Guardian
[ The Guardian | 2014-02-12 00:00:00 UTC ]
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Barnes & Noble acknowledged Monday that it has cut jobs throughout the company, but insisted that a report that said it had laid off its entire Nook hardware staff was “incorrect.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-11 00:00:00 UTC ]
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Ali Presley has been promoted to associate director, online marketing at Chronicle Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-11 00:00:00 UTC ]
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Staff at the magazine publisher IPC Media are expected to bear the brunt of a redundancy programme ordered by its US-based parent, Time Warner, according to reports in America.Its publishing division, Time Inc, is seeking to cut 500 jobs from its 7,800 total in what is said to be its "last big... Continue reading at The Guardian
[ The Guardian | 2014-02-05 00:00:00 UTC ]
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Dumfries and Galloway Council is facing criticism after revealing plans to reduce the library... Continue reading at The Bookseller
[ The Bookseller | 2014-01-27 00:00:00 UTC ]
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