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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Like most big tech companies, Amazon collects large amounts of data on its users, in part of the purpose of targeting ads and training its Alexa voice models. Look in the right places, though, and much of this data collection can be minimized or prevented, and you can even opt out of... Continue reading at PC World
[ PC World | 2023-03-22 10:45:00 UTC ]
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The first monthly StatShot report from the Association of American Publishers in 2023 shows trade revenues up 3.1 percent in January. The post AAP StatShot: US Book Industry Gains 3.5 Percent in January appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-03-21 18:18:29 UTC ]
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After nearly three years of legal wrangling, a federal judge today will hear cross motions for summary judgment in a closely watched lawsuit challenging the legality of the Internet Archive's program to scan and lend print library books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-20 04:00:00 UTC ]
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Despite high returns, sales for the 1,240 companies that report results to AAP's StatShot program increased 3.5% in January, with the adult books segment leading the way. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-17 04:00:00 UTC ]
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From sweeping epics of ancient history to stories set in the 1990s, here are 20 beautiful Chinese historical fiction books to read now. Continue reading at Book Riot
[ Book Riot | 2023-03-16 10:31:00 UTC ]
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A lost Atlantic puffin found itself in a bit of a bind after crashing down onto a busy New Brunswick street, far from where the seabirds are supposed to be found this time of year. Continue reading at CBC
[ CBC | 2023-03-04 11:00:00 UTC ]
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"Just use your library" is not the solution to the new price hikes and benefit decreases in Barnes & Noble's membership changes. Continue reading at Book Riot
[ Book Riot | 2023-03-01 12:57:36 UTC ]
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Mari Costa’s new graphic novel 'Belle of the Ball' is a charming queer retooling of the high school love triangle. A 12-page excerpt. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-01 05:00:00 UTC ]
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Relive those school days with these manga set at school, from the more typical romance and comedy series, to science fiction and horror. Continue reading at Book Riot
[ Book Riot | 2023-02-27 11:31:00 UTC ]
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Australia has a history of removing controversial elements from children’s texts, but the question of whether they should be edited is not easy to answerGet our morning and afternoon news emails, free app or daily news podcastThe news this week that some works of bestselling children’s author... Continue reading at The Guardian
[ The Guardian | 2023-02-25 23:00:04 UTC ]
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The Society for Children’s Book Writers and Illustrators announced its annual Golden Kite Awards on February 24, along with the annual Sid Fleischman Humor Award. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-25 05:00:00 UTC ]
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A federal judge is ready to hear oral arguments for summary judgment in a closely watched copyright case over the scanning and lending of library books, some four months after final briefs were submitted by the parties and more than two years since the case was first filed. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-21 05:00:00 UTC ]
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Weeks after Fox merger scrapped investors say market value languishing because of underperforming businesses in portfolioThe shrinking of Rupert Murdoch’s News Corporation by 1,250 roles after a plunge in profits of almost a third serves as a stark reminder that the billionaire mogul’s abortive... Continue reading at The Guardian
[ The Guardian | 2023-02-10 16:37:18 UTC ]
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Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to weakness in its news and digital real... Continue reading at The Guardian
[ The Guardian | 2023-02-09 22:30:39 UTC ]
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The publisher, which has been embroiled in a labor standoff since November, will lay off 5% of its North American staff by June 30, the end of its current fiscal. CEO Brian Murray said the company was facing lagging demand and “unprecedented supply chain and inflationary pressures." Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-30 05:00:00 UTC ]
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Musicians and studios put loads of time and money into special edition commemorative releases, most of which will never be experienced by listeners. From The Velvet Underground to Joni Mitchell, it seems everyone is rolling out a special edition box set these days. Just look at the last few... Continue reading at Fast Company
[ Fast Company | 2023-01-28 03:00:00 UTC ]
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As many in the accessibility community will tell you, inclusive design isn’t an endeavor that’s “one and done.” It’s a continuous, ongoing effort to ensure that as new products and services are made, people with different needs or disabilities aren’t left out. Over the last three years, Engadget... Continue reading at Engadget
[ Engadget | 2023-01-16 15:00:07 UTC ]
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The commercial chiefs of ITV, Hearst and Spotify say the industry is more resilient to economic shocks than in previous downturns. Continue reading at Media Week
[ Media Week | 2023-01-09 10:49:09 UTC ]
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With sales in the adult books and children’s/young adult categories falling 16.4% and 9.9%, respectively, total industry sales dropped 9.3% in October from a year ago for the 1,370 publishers that report results to AAP’s StatShot program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-12-22 05:00:00 UTC ]
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London's International Excellence Awards extend their nomination dates, and Hay's season opens with its Colombian festival dates. The post Industry Notes: London Book Fair Awards, Hay Festival in Colombia appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-12-16 16:12:24 UTC ]
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