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 ]
News tagged with: #macmillan publishers #hiring freeze #effective today #macmillan

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Simon & Schuster and Macmillan US also pull out of Frankfurt

Simon & Schuster and Macmillan US have followed HarperCollins and Pan Macmillan in announcing that they will not attend this year's Frankfurt Book Fair. Continue reading at The Bookseller

[ The Bookseller | 2020-06-01 09:13:28 UTC ]
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News Corp Australia to Cut ‘Up to a Third of Workforce’ in Move Towards Digital-Only Publishing

News Corp Australia is poised to cut hundreds of jobs as it moves towards digital-only publishing for many of its Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-05-27 14:51:01 UTC ]
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News Corp to cut hundreds of jobs in move towards digital-only publishing

Publisher of the Australian, the Daily Telegraph and the Herald Sun is expected to stop publishing as many as 100 titles News Corp Australia is poised to cut hundreds of jobs as it moves towards digital-only publishing for many of its local and regional papers and more copy sharing among its... Continue reading at The Guardian

[ The Guardian | 2020-05-27 10:53:51 UTC ]
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Pan Macmillan lands Hannah novel in six-figure deal

Pan Macmillan has landed Kristin Hannah's new novel in a six-figure deal ahead of the Netflix series of her book Firefly Lane (Pan). Continue reading at The Bookseller

[ The Bookseller | 2020-05-26 08:06:35 UTC ]
More news stories like this | All news stories tagged with: #macmillan #pan macmillan #netflix series #six-figure deal


Cuts at The Atlantic Set Off Alarm Bells for the Industry

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... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-21 16:30:08 UTC ]
More news stories like this | All news stories tagged with: #audience growth #monthly traffic #feel optimistic #full ownership #financially viable


Macmillan Launches Indie Bookstore Assistance Program

Macmillan Publishers will issue promotional terms intended to help independent bookstores recover from what it calls "the significant and calamitous impacts of Covid-19 on the channel." Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-20 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #bookstore #macmillan #macmillan publishers


The Economist Group Cuts 90 Employees, Takes 1843 Mag Digital-Only

The Economist Group is laying off 90 employees, about 7% of its 1,300 total staffers, the company said Friday, citing the business impact of the COVID-19 pandemic. The cuts primarily affected employees in events and client solutions roles, as well as TVC, the London-based content marketing... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-15 15:03:09 UTC ]
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The Changing Ecosystem of Learning: PW Talks to Macmillan Learning GM Susan Winslow

Macmillan Learning general manager Susan Winslow explains how the textbook publishers of yesterday are transforming into cutting-edge digital platforms focused on student success, and what the Covid-19 crisis is revealing about the future of learning. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-14 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #macmillan #covid-19 crisis #textbook publishers


Condé Nast Lays Off Nearly 100 Employees, Furloughs Others

Condé Nast is laying off "just under 100" staffers in the U.S. as part of a larger cost-cutting effort at the company, CEO Roger Lynch said Wednesday morning. In a staff memo obtained by The Daily Beast's Maxwell Tani, Lynch said the cuts are concentrated in "specific areas where we could bring... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-13 14:49:32 UTC ]
More news stories like this | All news stories tagged with: #mission statement #working hours #covid-19 pandemic


Macmillan Children's hires Pearson and Timms as publishing directors

Macmillan Children’s Books has appointed Egmont's Nicole Pearson and Little Tiger's Barry Timms to new publishing director roles in its expanding Preschool, Brands and Classics division. Continue reading at The Bookseller

[ The Bookseller | 2020-05-05 14:15:14 UTC ]
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Amazon to cut price of its ebooks to reflect removal of VAT

Chancellor drops 20% levy on online news subscriptions and books as industry strugglesAmazon has confirmed it will cut the price of its Kindle ebooks from Friday, after the government announced it would bring forward plans to stop charging VAT on online publications because of the pandemic.The... Continue reading at The Guardian

[ The Guardian | 2020-04-30 18:11:42 UTC ]
More news stories like this | All news stories tagged with: #ebooks #kindle #online publications #government announced #kindle ebooks


Bloomsbury to issue shares and cut costs, anticipating sales hit

Bloomsbury is issuing new shares and implementing a raft of cash-saving measures to counter the impact of recent retail closures on its business, which in a "prudent downside scenario" the company estimated could see print revenues fall as much as 75%.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-17 01:14:48 UTC ]
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Informa Cuts Executive Pay, Suspends Dividends and Issues New Equity

The world's largest exhibitions organizer, London-based Informa plc, outlined on Thursday morning a series of emergency actions it's taking to alleviate the impact of the COVID-19 pandemic on its events business, which drives nearly two-thirds of the company's overall revenues. Noting that the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-16 18:02:14 UTC ]
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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 ]
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Modern Luxury Media Furloughs Staff, Combines Issues

Modern Luxury Media, publisher of more than 40 high-end regional lifestyle magazines, has furloughed a significant number of staffers across the company through at least the end of June as a result of the COVID-19 pandemic. CEO Michael Dickey—who noted that he and other executives are forgoing... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-14 18:53:14 UTC ]
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Hachette UK offers NHS staff free e-books

Hachette UK has set up a new website to offer NHS workers across the country free e-books to thank them for their dedication during the pandemic.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-14 14:51:17 UTC ]
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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 ]
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HarperCollins UK puts staff on furlough

Publisher HarperCollins has confirmed that it is placing a number of staff on furlough, both in its distribution centre and across the broader company. Continue reading at The Bookseller

[ The Bookseller | 2020-04-09 10:15:57 UTC ]
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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 ]
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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 ]
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