Future of digital journalism in question as Buzzfeed and HuffPost lay off 1,000

Job losses follow sales or cuts at Mic, Refinery29 and elsewhere, but publishing as a whole had already shrunk sharplyRevenue-per-click, the business strategy that has informed digital publishers for years, was effectively pronounced DOA this week as leading players in a sector once viewed as the future of journalism announced deep cuts.In a letter to employees headlined “Difficult Changes”, the BuzzFeed founder and chief executive Jonah Peretti said the company would reduce headcount by 15%, or around 250 jobs, to around 1,100 employees globally. Related: BuzzFeed to lay off 200 staff in latest round of cuts Related: As HuffPost and BuzzFeed shed staff, has the digital content bubble burst? Related: Newseum: journalism museum sells Washington home to balance losses Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2019-01-27 00:00:00 UTC ]
News tagged with: #digital journalism #business strategy #leading players #latest round

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Book Deals: Week of May 1, 2023

HarperCollins buys world rights to a collection of journals and lyrics by Amy Winehouse, NBCC winner Isaac Butler sells a “military history of the first decade in the culture wars” to Bloomsbury, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book deals #amy winehouse #military history #culture wars #world rights #harpercollins


BuzzFeed News’ business model turned to dust because they were always at the whim of mercurial tech titans | James Hennessy

BuzzFeed changed the way news was reported for the digital age. But it became a casualty of its lopsided relationship with FacebookThe announcement of the demise of BuzzFeed News last week felt unlike the cavalcade of media closures and layoffs of the past decade. In a sense, it represented the... Continue reading at The Guardian

[ The Guardian | 2023-04-26 03:36:53 UTC ]
More news stories like this | News stories tagged with: #buzzfeed news #news operation #digital age #past decade #harry potter


Facebook Made BuzzFeed, Then Killed It

The digital publisher grew fat off the back of Facebook’s fickle algorithm. Battered and bruised, it’s now going back to where it all began. Continue reading at Wired

[ Wired | 2023-04-24 11:00:00 UTC ]
More news stories like this | News stories tagged with: #digital publisher


How the social traffic that gave life to BuzzFeed News ultimately led to its demise

BuzzFeed News' closure represents the struggles of news media, but larger, the mismanagement of digital media properties in a world of consolidation. Continue reading at Digiday

[ Digiday | 2023-04-24 04:01:00 UTC ]
More news stories like this | News stories tagged with: #social traffic #gave life #buzzfeed news #news media #digital media


London Book Fair: 30,000 Visitors, Many Rights Deals

In 2023, the London Book Fair reports more than 30,000 visitors and a long list of rights deals, which were reported to fair organizers. The post London Book Fair: 30,000 Visitors, Many Rights Deals appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-04-21 19:54:54 UTC ]
More news stories like this | News stories tagged with: #rights deals #long list #london book fair


BuzzFeed shuts down unprofitable news business for good

Despite winning a Pulitzer Prize in 2021 for coverage of China's mass detention of Muslims, BuzzFeed News' journalistic success has not delivered business results. Continue reading at Media Week

[ Media Week | 2023-04-21 14:23:32 UTC ]
More news stories like this | News stories tagged with: #buzzfeed news #pulitzer prize


BuzzFeed News to be shuttered in corporate cost cutting move

Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that's shedding about 15% of its entire staff Continue reading at ABC News

[ ABC News | 2023-04-20 23:02:36 UTC ]
More news stories like this | News stories tagged with: #buzzfeed news #corporate parent #digital media #pulitzer prize


Nick Johnson, influential digital media ad leader, dies at 55

Ad world shares memories about Johnson's legacy from the early online publishing world to the creator economy. Continue reading at Advertising Age

[ Advertising Age | 2023-04-20 18:45:34 UTC ]
More news stories like this | News stories tagged with: #creator economy #online publishing #digital media


The National Enquirer Unveils Its First-Ever Digital Advertising Strategy

Long a fixture of checkout queues and newsstand kiosks, the celebrity news publisher The National Enquirer will soon bring its salacious storytelling online for the first time in its 96-year-old history. The publisher, along with its sister sites Globe, National Examiner and The National... Continue reading at AdWeek

[ AdWeek | 2023-04-20 11:59:40 UTC ]
More news stories like this | News stories tagged with: #national enquirer #digital age #news publisher


Can You Guess The Horror Book Based On Its 1-Star Reviews?

You've seen every movie on Shudder and have a whole bookshelf devoted to King, but can you guess the horror book based on its 1-star reviews? Continue reading at Book Riot

[ Book Riot | 2023-04-20 10:34:00 UTC ]
More news stories like this | News stories tagged with: #1-star reviews #book based


Jamil Jan Kochai Wins $35,000 Aspen Words Literary Prize

Jamil Jan Kochai wins the Aspen Words Literary Prize for his short stories focused on the absurdity and violence Afghans have endured. The post Jamil Jan Kochai Wins $35,000 Aspen Words Literary Prize appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-04-20 08:22:53 UTC ]
More news stories like this | News stories tagged with: #short stories #literary prize


The Future of Libraries Involves Affordable Housing

The Boston Public Library is the latest in a string of public libraries to plan to incorporate affordable housing into its buildings. Continue reading at Book Riot

[ Book Riot | 2023-04-19 18:13:54 UTC ]
More news stories like this | News stories tagged with: #public libraries #libraries


What Will the Bookstore of the Future Look Like?

With all the challenges that the book publishing industry currently faces, what will the future bookstore look like? Continue reading at Book Riot

[ Book Riot | 2023-04-19 10:35:00 UTC ]
More news stories like this | News stories tagged with: #book publishing #bookstore


OverDrive Max Titles Now Top 400,000

OverDrive Max, which enables libraries to buy bundles of up to 100 loans for specific titles for concurrent use based on library users’ demands and with no expiration dates, has more than 400,000 titles available in the program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-19 04:00:00 UTC ]
More news stories like this | News stories tagged with: #specific titles #library users #libraries


Digital conglomerate buys right-wing app Parler

The digital media conglomerate Starboard said Friday it purchased the conservative social media site Parler and will temporarily take down the app as it undergoes a “strategic assessment.” Continue reading at ABC News

[ ABC News | 2023-04-14 20:47:19 UTC ]
More news stories like this | News stories tagged with: #digital media


Paying Twitter users can now post up to 10,000 characters

One of the defining features of Twitter since its inception has been the character limit, forcing users to be direct and concise. It’s such a big deal that when the limit was doubled, from just 140 characters to 280, it became a subject of primetime TV gags. But under the guiding hand of... Continue reading at PC World

[ PC World | 2023-04-14 14:57:40 UTC ]
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Granta reveals its pick of future star British novelists

The journal’s once-in-a-decade selection of the best fiction writers under 40 has broadened its selection of 20 to include authors who ‘regard the UK as their home’Granta magazine’s Best of British Novelists list, which hails the literary stars of the future, has this year expanded to include... Continue reading at The Guardian

[ The Guardian | 2023-04-13 07:00:37 UTC ]
More news stories like this | News stories tagged with: #fiction writers #granta magazine #british passport #happening today #luke neima #deputy editor #debut novelist #ian mcewan #salman rushdie #zadie smith #kamila shamsie #first novel #novelists


James Patterson has questions about the provenance of the NYT bestseller list.

Bestseller juggernaut James Patterson has sold over 425 million copies of his books, per Fox Business, but his latest, Walk the Blue Line: No right, no left―just cops telling their true stories to James Patterson, has broken with tradition. The title, he says, is conspicuously absent from the... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-03 13:46:35 UTC ]
More news stories like this | News stories tagged with: #james patterson #true stories #times bestseller


Behind Church & Dwight's approach to digital growth and value pricing

Chief Digital Growth Officer Surabhi Pokhriyal on navigating CTV, digital media and marketing during inflationary times for the maker of Arm & Hammer, Trojan condoms and more. Continue reading at Advertising Age

[ Advertising Age | 2023-03-29 09:00:00 UTC ]
More news stories like this | News stories tagged with: #digital growth #arm hammer #digital media