Even as layoffs, pay cuts and indefinite furloughs become an almost daily occurrence in the media industry, news about such developments grows no less tragic and alarming. Such was the case Thursday morning, when Atlantic Media chairman David Bradley revealed in a staff memo that, despite gaining 160,000 new subscribers since launching a metered paywall last September, 68 employees at The Atlantic would be informed by 11:00 a.m. that they'd lost their jobs. The cuts, which represent 17% of the magazine's approximately 400 staffers, were made necessary by a decline in advertising and "the overnight and near-complete undoing of in-person events," Bradley said, while noting that those let go include sales and events staffers, but also writers, editors and those in marketing. Advertising aside, the impact of a pause on in-person events on the magazine's top line was certainly significant. In a normal year, The Atlantic produces more than 100 live events, which reportedly account for up to a quarter of its annual revenues and likely a larger share of its margins. Formerly profitable, The Atlantic sank into the red last year, insiders told The Wall Street Journal, after embarking on an aggressive expansion that included hiring about 100 additional employees under new owner Laurene Powell Jobs, whose Emerson Collective acquired a majority stake in the magazine in July 2017, investing a reported $100 million. While providing 16 weeks of severance pay to dismissed staffers is... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-05-21 16:30:08 UTC ]
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#financially viable
#full ownership
#feel optimistic
#monthly traffic
#audience growth
In spite of all the advancements we’ve seen in tech, the industry as a whole has consistently neglected people with disabilities. There have been some improvements, including video call apps like FaceTime, Zoom, Microsoft Teams, Google Hangouts and more adding better support for sign language... Continue reading at Engadget
[ Engadget | 2021-12-31 21:00:34 UTC ]
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#growing commitment
#kindle
A law forcing publishers in the US and abroad to license e-books to the state's public libraries in the US state of Maryland is expected to come into effect as planned on 1st January 2022 after a court challenge was set for February. Continue reading at The Bookseller
[ The Bookseller | 2021-12-22 09:32:19 UTC ]
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A federal judge won't hear the AAP's bid to stop Maryland's library e-book law until February, meaning the law will take effect on January 1. Meanwhile, New York Governor Kathy Hochul has until December 29 to sign New York's own library e-book law. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-21 05:00:00 UTC ]
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#hearing set
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bell hooks, the activist, author, groundbreaking intersectional feminist theorist, and professor, died on December 15 at her home in Berea, Ky. She was 69. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-20 05:00:00 UTC ]
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#bell hooks
Bonnier Books UK’s new list Heligo Books is seeking to broaden the market for business and smart thinking books by reaching new audiences with strong branding, says its editorial director Rik Ubhi. Continue reading at The Bookseller
[ The Bookseller | 2021-12-17 03:27:21 UTC ]
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#fresh approach
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Snap Inc. commissioned two analyses from Nielsen to help it quantify sales driven by ads on the Snapchat platform for advertisers in the consumer packaged goods and beauty categories in the U.S. The company said in a blog post that advertisers are turning to measurement strategy market mix... Continue reading at AdWeek
[ AdWeek | 2021-12-16 22:30:00 UTC ]
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#nielsen
bell hooks was a legend. She was also human, and we should celebrate her complexity. Continue reading at The Washington Post
[ The Washington Post | 2021-12-16 17:44:05 UTC ]
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#black women
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The author, educator and activist who was among the most influential feminist thinkers of her time has died. Continue reading at The Huffington Post
[ The Huffington Post | 2021-12-15 18:37:52 UTC ]
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She wrote more than 30 books, drawing on history, politics and her own life while examining race, class and gender in America. Continue reading at The Washington Post
[ The Washington Post | 2021-12-15 17:25:58 UTC ]
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Cate Paterson is to head a new Australian division of Allen & Unwin, after 25 years at Pan Macmillan Australia. Continue reading at The Bookseller
[ The Bookseller | 2021-12-06 13:45:52 UTC ]
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A project to develop a guide to make literature events accessible for disabled people has reached its research and development phase target budget following support from the industry. Continue reading at The Bookseller
[ The Bookseller | 2021-11-25 01:08:21 UTC ]
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Key high street retailers, printing companies and publishers are enacting changes in their supply chains to reduce their carbon footprint, delegates at the The Bookseller's FutureBook conference heard. Continue reading at The Bookseller
[ The Bookseller | 2021-11-22 08:54:37 UTC ]
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The publishing industry needs to collaborate in order to improve its sustainability, because the size of the challenge is “so enormous” FutureBook audiences were told today. Continue reading at The Bookseller
[ The Bookseller | 2021-11-20 06:42:09 UTC ]
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#publishing industry
The industry must source talent in innovative ways and focus on hiring differently and looking outside London if any tangible progress is to be made on representation, The Bookseller’s FutureBook Conference heard. Continue reading at The Bookseller
[ The Bookseller | 2021-11-20 01:33:30 UTC ]
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Publishers and industry "gatekeepers" need to rethink and “revamp” the way they market books, authors Roxane Gay and Elizabeth Uviebinené have said. Continue reading at The Bookseller
[ The Bookseller | 2021-11-19 17:39:30 UTC ]
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Amazon has changed the publishing ecosystem more than anything else due to its “proprietary” capturing of data, FutureBook delegates have been told. Continue reading at The Bookseller
[ The Bookseller | 2021-11-19 15:38:24 UTC ]
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Atlantic Fiction has acquired Your Driver Is Waiting, the debut novel by Priya Guns, inspired by Martin Scorsese’s classic film "Taxi Driver". Continue reading at The Bookseller
[ The Bookseller | 2021-11-16 03:54:36 UTC ]
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He is a National Book Award finalist for “A Little Devil in America,” but he has more books to write, more projects to take on and more s’mores to research. Continue reading at The New York Times
[ The New York Times | 2021-11-14 22:29:28 UTC ]
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#national book award
A number of those working within the publishing industry are turning to podcasts to demystify the trade and share their career advice. Continue reading at The Bookseller
[ The Bookseller | 2021-11-12 11:00:36 UTC ]
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#publishing industry
Atlantic marketing director Jamie Forrest will join Pan Macmillan next month as head of marketing for the Pan division, incorporating the Pan, Macmillan, Tor and Mantle imprints. Continue reading at The Bookseller
[ The Bookseller | 2021-11-10 03:48:17 UTC ]
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