HMH Reorganization Will Cut 525 Jobs

As Houghton Mifflin Harcourt shifts more of its education publishing business to the creation of digital products, the company said it has implemented a restructuring program that will cut its workforce by 22% in order to save between $95 million to $100 million annually. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2020-10-01 04:00:00 UTC ]
News tagged with: #digital products #publishing business #houghton mifflin harcourt

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My Job in 5: Becca Harper-Day

Becca Harper-Day is a Digital and Social Marketing Manager and lets us in on how she drives crowdfunding for Unbound Continue reading at The Bookseller

[ The Bookseller | 2020-04-15 19:31:48 UTC ]
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HMH's Bruce Nichols Tapped to Head Little, Brown

Bruce Nichols has been named publisher of Little, Brown, filling a void that has been open since Reagan Arthur was hired as Sonny Mehta's replacement at Knopf. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-15 04:00:00 UTC ]
More news stories like this | News stories tagged with: #named publisher #reagan arthur #sonny mehta


Amazon Cuts Affiliate Commission Fees for Certain Product Categories

Some publishers already reeling from lost revenue as a result of the COVID-19 pandemic are about to take another hit. Amazon says it will soon drastically reduce the commission rates of its affiliate marketing program—the cut of sales it rewards to participating websites that drive customers to... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-15 01:15:20 UTC ]
More news stories like this | News stories tagged with: #retail partners #bauer media #bonnier corp #hearst magazines #business insider #digital trends #york magazine #strategic partnerships #hearst #bonnier


Hearst Promises Journalists at Its Newspapers No Furloughs, No Pay Cuts

Bucking the newspaper industry trend, Hearst Corporation has told its newsrooms there will be no layoffs, no furloughs and no Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-09 14:52:48 UTC ]
More news stories like this | News stories tagged with: #pay cuts #hearst corporation #hearst


Wiley Cuts Financial Forecast for Fiscal 2020

John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
More news stories like this | News stories tagged with: #coronavirus outbreak #$50 million #adjusted ebitda


NEA Offering $75 Million to Nonprofits to Save Jobs

The National Endowment for the Arts is now taking applications for $75 million in grants to nonprofit arts organizations to combat job losses related to Covid-19. Grants are fixed at $50,000 for individual nonprofits. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
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Diamond Reveals New Payment Terms; Execs Take Pay Cut

Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
More news stories like this | News stories tagged with: #payment terms #pay cut #graphic novels #prose books


Bustle Digital Group Lays Off Staff of The Outline as Part of Broader Cuts

Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
More news stories like this | News stories tagged with: #digital media


Coronavirus Concerns Prompt Cost Cuts

The steady erosion of book sales is impacting all parts of publishing as the Covid-19 pandemic tightens its grip of the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
More news stories like this | News stories tagged with: #book sales


Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
More news stories like this | News stories tagged with: #macmillan publishers #hiring freeze #effective today #macmillan


Half Price Books Cuts Workforce By More Than 2,000

Half Price Books has laid off or furloughed 2,146 people, representing 78% of its workforce of 2,752. The company operates 126 stores in 17 states, all of which are closed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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‘Everyone feels the pain’: Major digital publishers enact pay and benefits cuts to stanch the bleeding

Several publishers have begun announcing their pay cuts and furlough plans as ad revenue continues drying up. Seeing patterns from previous recessions, former media execs explain why these cost controls are only temporary fixes. The post ‘Everyone feels the pain’: Major digital publishers enact... Continue reading at Digiday

[ Digiday | 2020-03-31 04:01:00 UTC ]
More news stories like this | News stories tagged with: #pay cuts #cost controls #digital publishers


Informa bosses to take major salary cuts during coronavirus period

At Informa, parent company of Taylor & Francis, top bosses are to take salary cuts "through the current period of uncertainty created by Covid-19", the company has announced. Continue reading at The Bookseller

[ The Bookseller | 2020-03-27 06:47:25 UTC ]
More news stories like this | News stories tagged with: #taylor francis #salary cuts #current period


Quarto 'pleased' to post 2019 profit, but pandemic forces cost-cutting measures

Quarto has posted a trading update for its 2019 results, saying it expects revenues to slip 9% to $135.8m (2018: $149.3m) but will be returning a profit of $2.9m.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 02:44:11 UTC ]
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Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Scholastic moves to cut costs as it anticipates coronavirus impact

Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution... Continue reading at The Bookseller

[ The Bookseller | 2020-03-19 15:51:43 UTC ]
More news stories like this | News stories tagged with: #cut costs #scholastic corporation #fourth quarter #scholastic


Wildfire cuts 'major' world rights deal for The Persians

Wildfire has acquired an authoratative and accessible narrative history, The Persians, by Lloyd Llewellyn-Jones in a "major" deal.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-13 12:24:56 UTC ]
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How to give yourself a better job, when quitting feels like your only option (and you can’t quit)

Dave Evans, coauthor of the new book Designing Your Work Life, explains how he advises professionals to redesign their work lives. In 2007, Dave Evans & Bill Burnett cofounded the Stanford Life Design Lab where they teach the enormously popular course “Designing Your Life” that inspired... Continue reading at Fast Company

[ Fast Company | 2020-03-10 10:00:26 UTC ]
More news stories like this | News stories tagged with: #work life #work lives #make life #ve received #bestselling book


Ronan Farrow Cuts Ties with Publisher Hachette Over Woody Allen Memoir

Ronan Farrow has cuts ties with publisher Hachette over their decision to publish Woody Allen's memoir. Continue reading at Book Riot

[ Book Riot | 2020-03-05 21:43:26 UTC ]
More news stories like this | News stories tagged with: #ronan farrow #publisher hachette


More Than 50 AAP Reporters Likely to be Offered Jobs at News Corp and Nine Amid Closure

More than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-03-04 19:15:48 UTC ]
More news stories like this | News stories tagged with: #offered jobs #amid closure #press journalists #news corp