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 ]
News tagged with:
#audio recording
#top executive
#$35 million
#$126 million
While 2011 saw fewer announcements of layoffs and buyouts in the newspaper industry than previous years, attrition continued quietly and relentlessly, with the nation’s biggest newspaper publishers trimming their combined work forces by 7.2 ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-04-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#newspaper industry
#previous years
#combined work
Before his death in October of last year, one of Steve Jobs' last big moves was Apple's foray into electronic books. The company announced the platform in March 2010, but the method in which Apple handled its deals with publishers has caught the eye of regulators. The Justice Department plans to... Continue reading at Betanews
[ Betanews | 2012-03-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#electronic books
#steve jobs
#big deal
#company announced
#raise prices
Research by the Chartered Institute of Library and Information Professionals (CILIP) has... Continue reading at The Bookseller
[ The Bookseller | 2012-02-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#chartered institute
Nineteen staff at book sales and distribution company Publishers Group UK are facing redundancy... Continue reading at The Bookseller
[ The Bookseller | 2012-02-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book sales
Former children's laureate Anne Fine has condemned plans to cut Durham library services,... Continue reading at The Bookseller
[ The Bookseller | 2012-02-07 00:00:00 UTC ]
More news stories like this |
Sources from Amazon's supply chain in the Far East indicated to DigiTimes that Kindle Fire orders with original device manufacturers are expected to be just 3 million units this quarter. That's half the 6 million units Amazon reportedly shipp ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-01-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#supply chain
Capitol Weekly will stop producing a print edition as of Thursday. The publication devoted to California government said on its website that it will continue posting stories online. Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-01-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#continue online
#california government
The Booksellers Association has pledged to write to the chief executives of all 390 local... Continue reading at The Bookseller
[ The Bookseller | 2012-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#booksellers association
#chief executives
Fnac, the leading French cultural products chain, will lay off 510 of its 17,000 staff and may... Continue reading at The Bookseller
[ The Bookseller | 2012-01-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#cut costs
A series of funding cuts to libraries in Somerset has been halted, after the High Court found... Continue reading at The Bookseller
[ The Bookseller | 2012-01-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#funding cuts
Liverpool is the latest city to suffer library cuts as the council announced three locations will... Continue reading at The Bookseller
[ The Bookseller | 2012-01-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#latest city
#council announced
A few days after Amazon announced that the Steve Jobs biography was its top-selling book of 2011 (combined print and ebook sales), the book debuted on bestseller charts around the world, including the three countries highlighted this month. Steve Jobs was #3 in France and the Netherlands, and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-12-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#amazon announced
#top-selling book
#ebook sales
#bestseller charts
#steve jobs
#nonfiction list
Somerset County Council has confirmed it is reversing its library cuts programme following the... Continue reading at The Bookseller
[ The Bookseller | 2011-12-08 00:00:00 UTC ]
More news stories like this |
Irish chain bookseller Eason looks likely to escape sizeable store closures following the... Continue reading at The Bookseller
[ The Bookseller | 2011-12-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#job losses
The Culture, Media and Sport select committee is to hold an inquiry into library closures. The... Continue reading at The Bookseller
[ The Bookseller | 2011-11-24 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#select committee
#library closures
Two mystery book experts go head-to-head on the topic of male and female writers and characters in the genre. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-11-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#female writers
Written By: Lisa Campbell Publication Date: Mon, 14/11/2011 - 08:25 The long wait for news about job cuts at Eason's should be over by the end of this month following weeks of negotiation, it has been revealed. More than 145 full-time positions at the Irish chain are currently under threat.... Continue reading at The Bookseller
[ The Bookseller | 2011-11-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#long wait
#job cuts
American Media, Inc. (AMI) and Michael Esposito, Senior Vice President of Operations and Digital Production, think they've hit upon a recipe that could work across the magazine industry for rationalizing print publishing costs and scaling up on digital platforms. Continue reading at Folio Magazine
[ Folio Magazine | 2011-11-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#american media
#digital production
#ve hit
#magazine industry
#digital platforms
Written By: Philip Stone Publication Date: Wed, 02/11/2011 - 14:00 Walter Isaacson's biography of Apple co-founder Steve Jobs sold 379,000 copies in the US in it first week on bookshops shelves, BookScan US data has revealed. The $35 publication, published by Simon & Schuster in the US,... Continue reading at The Bookseller
[ The Bookseller | 2011-11-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#$35 publication
#simon schuster
#bestselling book
#john grisham
#litigators doubleday
#journalist bill
Written By: Philip Stone Publication Date: Wed, 02/11/2011 - 08:27 Walter Isaacsons biography of the late Steve Jobs has become one of the fastest-selling hardback non-fiction books since records began. Brought forward from its original publication date of 24th November following the Apple... Continue reading at The Bookseller
[ The Bookseller | 2011-11-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#opening week
#records began
#brought forward
#24th november
#5th october
#steve jobs
#exclusive biography
#bookshop shelves