Hanley Wood Lays Off Staff and Cuts Salaries, Citing COVID-19 Decline

Hanley Wood, the D.C.-based B2B media company serving the real estate, residential design and construction sectors, laid off several employees last week and implemented salary reductions for others, multiple sources tell Folio:. A Hanley Wood rep declined to provide details, but confirmed the layoffs and pay cuts in a statement, pointing to the COVID-19 pandemic as the reason for the changes. “Due to impacts of COVID-19 on our business, we had to make the very difficult decision of implementing cost-cutting measures, including reducing our workforce and conducting salary reductions for some of our top earners," the spokesperson said. "This is a necessary step many businesses are facing during this uncertain economic climate.” A source in the company said the cuts impacted editorial, marketing and events staffers, but couldn't say how many people were let go altogether. Two other sources familiar with the situation both said 40 total employees were laid off. Among those let go was the longtime editor-in-chief of Architect magazine, Ned Cramer, who had been in that role since Hanley Wood first launched the publication in 2006. The cuts come a little over a year after private equity firm MidOcean Partners acquired Hanley Wood and merged it with housing industry data provider Meyers Research, a move that coincided with the departure of former Hanley Wood CEO Peter Goldstone. Since then, Meyers Research founder Jeff Meyers has been running the combined Hanley Wood/Meyers... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-05-19 13:43:21 UTC ]
News tagged with: #multiple sources #provide details #difficult decision #sources familiar #longtime editor-in-chief #b2b media #ll update #informa plc

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Elin Hilderbrand asks for Anne Frank reference to be cut from novel after complaints

Romance writer was criticised for episode in new novel when one of her child characters compares hiding in an attic to the life of the Holocaust diaristBestselling romance author Elin Hilderbrand has asked her publisher to remove a reference to Anne Frank from her latest novel after criticism,... Continue reading at The Guardian

[ The Guardian | 2021-06-08 11:53:10 UTC ]
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Audio Publishers Association Cites 12-Percent 2020 US Audiobook Revenue Growth

In 2020, the Audio Publishers Association sales report finds more than 71,000 audiobooks were published in the US, up 39 percent over 2019. The post Audio Publishers Association Cites 12-Percent 2020 US Audiobook Revenue Growth appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-06-01 13:14:36 UTC ]
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The 1923 novel ‘Nordenholt’s Million’ explores issues unnervingly familiar in the Trump-covid era

The book, written by a British chemist, imagines a wealthy tycoon’s disturbing plan to save (some) humans from a biological disaster. Continue reading at The Washington Post

[ The Washington Post | 2021-05-26 16:14:54 UTC ]
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Marie Claire owner reports record profits on back of Covid reading boom

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[ The Guardian | 2021-05-19 12:15:47 UTC ]
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Publisher stands by 'Flamin' Hot' book after Frito-Lay calls origin story 'urban legend'

'We are proud to stand with our author,' said the head of Portfolio Books, promising that the memoir 'Flamin' Hot' will still be released June 15. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-05-19 00:04:48 UTC ]
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Hachette Book Group Saw Diversity Gains in Staff, Book Acquisitions in 2020

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[ Publishers Weekly | 2021-05-13 04:00:00 UTC ]
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Jim Shepard’s ‘Phase Six’ makes covid look like a dress rehearsal

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[ The Washington Post | 2021-05-11 11:00:00 UTC ]
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More support needed as Covid-19 hits author earnings, say MPs

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[ The Bookseller | 2021-05-11 05:20:25 UTC ]
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Report Urges Library Leaders to Address Decline in Public Library Usage Stats

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[ Publishers Weekly | 2021-05-06 04:00:00 UTC ]
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Jürgen Habermas Changes Course, Declines the Sheikh Zayed Award

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[ Publishing Perspectives | 2021-05-03 14:44:38 UTC ]
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Thousands of supporters join staff at Mike Pence’s publisher in campaign against book deal

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[ The Guardian | 2021-04-27 13:55:17 UTC ]
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[ Columbia Journalism Review | 2021-04-27 12:34:53 UTC ]
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[ Publishing Perspectives | 2021-04-26 23:05:27 UTC ]
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[ The Guardian | 2021-04-21 12:05:44 UTC ]
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