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 ]
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Judith Regan announced the first round of hires for her newly launched book imprint multimedia unit at Phaidon, Regan Arts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-04 00:00:00 UTC ]
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Barnes & Noble reports that consolidated revenue for the third quarter of fiscal 2014 decreased 10.3% to $2 billion from the same period in the previous fiscal year. Third quarter EBITDA increased from $59 million a year ago to $173 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-26 00:00:00 UTC ]
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#$2 billion
South Carolina bookstore Fiction Addiction recently launched a program called Trust Fall which asks customers to pre-order, sight unseen, a book specially recommended by the store's owner. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-02-26 00:00:00 UTC ]
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Booksellers Association calls in celebrity support for Books Are My Bag campaign after more than 500 closures since 2005The number of independent bookshops gracing British high streets has fallen below 1,000 – a third fewer than nine years ago, amid cut-throat competition from supermarkets,... Continue reading at The Guardian
[ The Guardian | 2014-02-21 00:00:00 UTC ]
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#growing power
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Sheffield City Council has approved plans to slash its library funding and leave only 12 of its... Continue reading at The Bookseller
[ The Bookseller | 2014-02-20 00:00:00 UTC ]
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A group of the world's leading press freedom bodies is calling on prime minister David Cameron to distance himself from the investigation into The Guardian over the leaks by the NSA whistleblower Edward Snowden.The seven organisations also want Cameron to urge parliament to repeal the statute... Continue reading at The Guardian
[ The Guardian | 2014-02-18 00:00:00 UTC ]
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Bookstore sales fell to $13.19 billion in 2013, down 1.6% compared to 2012, according to preliminary estimates released last week by the U.S. Census Bureau. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-14 00:00:00 UTC ]
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Sanity has been restored to Nokia’s Lumia smartphone lineup with the release of the Nokia Icon. This Verizon exclusive pulls the best features from Nokia’s massive 6-inch phablets—the Lumia 1520 in particular—and tucks them behind a manageable, 5-inch OLED display.I purposefully seek out large... Continue reading at PC World
[ PC World | 2014-02-12 00:00:00 UTC ]
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#internal storage
This celebration of bookish snark, won by AA Gill for his Morrissey assault, is less daring and less worthy than it thinksIt's the middle of a wet, wet winter, unaccountably you haven't shed the pounds or learnt the cello as per the optimism of 1 Jan, and to make matters even worse, Valentine's... Continue reading at The Guardian
[ The Guardian | 2014-02-12 00:00:00 UTC ]
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Johnston Press employees in Ireland have received notices informing them that the terms of their employment contracts will be switched to a new company, Formpress Publishing Ltd, later this week.They believe it to be a precursor to the publisher's newspapers being sold to the company, which was... Continue reading at The Guardian
[ The Guardian | 2014-02-11 00:00:00 UTC ]
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Barnes & Noble acknowledged Monday that it has cut jobs throughout the company, but insisted that a report that said it had laid off its entire Nook hardware staff was “incorrect.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-11 00:00:00 UTC ]
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The New York Times Company said it added digital subscribers and slowed its declines in print and digital advertising revenue during the fourth quarter of 2013, a year of transition for the newspaper publisher. For all of 2013, revenue from digital ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-02-06 00:00:00 UTC ]
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#fourth quarter
Staff at the magazine publisher IPC Media are expected to bear the brunt of a redundancy programme ordered by its US-based parent, Time Warner, according to reports in America.Its publishing division, Time Inc, is seeking to cut 500 jobs from its 7,800 total in what is said to be its "last big... Continue reading at The Guardian
[ The Guardian | 2014-02-05 00:00:00 UTC ]
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Bonnier-owned Templar today announced that creative director Amanda Wood is stepping down.... Continue reading at The Bookseller
[ The Bookseller | 2014-02-05 00:00:00 UTC ]
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Gillian Redfearn has been promoted to publishing director of Orion imprint Gollancz, with Jon... Continue reading at The Bookseller
[ The Bookseller | 2014-02-05 00:00:00 UTC ]
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Ex-employee, who warned Lord Patten about digital initiative in 2012, compares benefits estimates to Enron-style accountingRead the full NAO report on the BBC's handling of the DMI projectRead the written evidence submitted to the PAC for the DMI inquiryThe whistleblower on the failings of the... Continue reading at The Guardian
[ The Guardian | 2014-01-28 00:00:00 UTC ]
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Dumfries and Galloway Council is facing criticism after revealing plans to reduce the library... Continue reading at The Bookseller
[ The Bookseller | 2014-01-27 00:00:00 UTC ]
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I had the luck to have two books published by Tom Rosenthal. He combined the sharpest of editorial eyes and a penetrating critical intelligence with warm encouragement and support. Working with him, I got to know and love an exceptional personality. But, as I discovered, beneath his powerful,... Continue reading at The Guardian
[ The Guardian | 2014-01-23 00:00:00 UTC ]
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#young daughter
Pan Macmillan has said its physical book sales in the UK grew by 4.3% in value in 2013. The... Continue reading at The Bookseller
[ The Bookseller | 2014-01-22 00:00:00 UTC ]
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Richard Nash, former Small Demons v-p, content and community, is joining Byliner, the digital subscription reading service, as v-p, partnerships. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-14 00:00:00 UTC ]
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