Hunting for office space before the pandemic, executives at ad agency Wellcom Worldwide were dismayed to encounter asking rents of $90 per square foot a year in Manhattan, which wound up being a deal-breaker. The company landed in far-cheaper Dumbo instead.But now, with Manhattan prices still below pre-Covid levels at many addresses, the same executives recently calculated that breaking their Brooklyn lease at 175 Pearl St. and venturing across the East River made financial sense.“It’s a different world in Manhattan now,” said David Bridges, the global CEO of the company. Earlier this year Wellcom relocated to an older, unfussy site with limited bells and whistles and a blend-into-the-background feel: the Class B commercial building 16 Madison Square West. The rent at the property near Madison Square Park was not only about half what Bridges was seeing pre-Covid but even slightly lower than what his firm was paying in Dumbo. “A major correction has occurred,” he added.Wellcom is not alone. Legal industry-focused software startups, music talent agencies, coffee-machine vendors and other tenants that have been based in the outer boroughs for years are now noticing that Class B’s, differentiated from Class A properties because they’re not as new or as amenitized, are priced right, a major factor in their decision to move to Manhattan, according to brokers, landlords and company executives.Indeed, a small but steady stream of midsize firms is packing up and relocating to... Continue reading at 'Crains New York'
[ Crains New York | 2024-11-25 10:48:24 UTC ]
While exhibitor and visitor numbers are expected to be well down on pre-pandemic figures, a number of trade professionals have indicated to The Bookseller that they will return to the Frankfurt Book Fair. But what will the new hybrid fair look like? Continue reading at The Bookseller
[ The Bookseller | 2021-10-01 09:11:26 UTC ]
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Judge says demonstration was ‘peaceful’ but impacted Murdoch, Mail, Telegraph and Standard titlesSix Extinction Rebellion protesters on trial for blockading the printing press of some of the UK’s biggest newspapers have been found guilty.The activists appeared at St Albans magistrates court on... Continue reading at The Guardian
[ The Guardian | 2021-07-16 12:17:11 UTC ]
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Last March, amid the myriad upheavals and uncertainties that marked early pandemic life, various scientists and public health officials started to model out how many cases and deaths we might be looking at in the long run, and the press, unsurprisingly, took great interest in their work. A team... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-02-23 13:34:38 UTC ]
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This morning I woke up to two very different pieces of news, yet they are very much connected. The first was the news that the U.S. unemployment rate fell to 11.1% in June, and as a nation we added 4.8 million jobs to the economy. Certainly it’s good news that the trend line has moved downward... Continue reading at Folio Magazine
[ Folio Magazine | 2020-07-02 16:42:10 UTC ]
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Starting a new job can be tough under any circumstances. But starting a new job just weeks before one of the biggest global crises in modern history is nearly unthinkable. Yet, for Scott Omelianuk, editor-in-chief of Inc., that was his reality. Omelianuk spent nearly 12 years as the top editor... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-04 18:52:38 UTC ]
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The fallout from the COVID-19 pandemic is accelerating a planned shift from print to digital at Michigan-based BNP Media, where management has informed staffers that the company will be phasing out the print editions of all of its controlled-circulation trade magazines by the end of July. The... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-28 15:18:48 UTC ]
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From Gutenberg’s printing press to Google’s AMP format, the publishing world has gone from zero to one million miles per hour, with revolutionary changes to the way we produce, distribute, and consume content. Here is a breakdown of some of the key changes in digital publishing, plus tips for... Continue reading at Publishing Executive
[ Publishing Executive | 2020-03-05 15:43:14 UTC ]
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Journalism is arguably in one of the most fragile states since Gutenberg’s advent of the printing press almost 600 years Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-12-13 17:13:57 UTC ]
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The unintended consequences of the printing press are a good reminder that we have no idea what the internet has in store for us. Continue reading at The Atlantic
[ The Atlantic | 2019-12-10 12:00:00 UTC ]
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A decade after rescuing it from an imminent shutdown, Duncan McIntosh has sold newspaper industry trade magazine Editor & Publisher to consultant Mike Blinder for an undisclosed sum. In an announcement late last week, E&P indicated that its upcoming October issue will be the first... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-03 20:10:05 UTC ]
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In the history of information technologies, Gutenberg and his printing press are (understandably) treated with the kind of reverence even the most celebrated of modern tech tycoons could only imagine. So perhaps it will come as a surprise that Europe’s literacy rates remained fairly stagnant for... Continue reading at Slate
[ Slate | 2017-08-04 00:00:00 UTC ]
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The mass merchandiser channel, which had struggled before the runup to Easter, continued its rebound in late April. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-28 00:00:00 UTC ]
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It’s unclear if publishers will bounce back by year’s end, but there are encouraging signs. There have been some prominent best sellers, including “Harry Potter and the Cursed Child.” Continue reading at The New York Times
[ The New York Times | 2016-09-23 00:00:00 UTC ]
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The sharp rise in mobile readership has forced publishers to ask themselves hard questions about their site performance. Joining the likes of GQ and The Washington Post, Vox Media has taken a hard look at its page load time, cutting it in half to an average of 11.5 seconds. Vox did this by... Continue reading at Digiday
[ Digiday | 2015-08-26 00:00:00 UTC ]
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Eight-page section containing the Book of Esther was part of 15th-century edition cut up and sold in pieces by New York book dealer in 1920sAn eight-page fragment from the Gutenberg Bible, the first major book to be printed using Johann Gutenberg’s printing press in 15th-century Germany, will go... Continue reading at The Guardian
[ The Guardian | 2015-06-11 00:00:00 UTC ]
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There’s something about ink, paper and the printing press that has always bothered tyrants and those afraid of ideas.Was there a single old hand in the world of magazines who didn’t read the stories about the demand for copies of the post-massacre edition of Charlie Hebdo, raise their eyebrows... Continue reading at The Guardian
[ The Guardian | 2015-01-25 00:00:00 UTC ]
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If these are the end times for literature, then we must be traveling in circles, for the death of storytelling looks an awful lot like its birth. The novel itself isn’t all that old. Sure, we can find a handful of examples going back thousands of years, but you have to stretch your definition of... Continue reading at Slate
[ Slate | 2014-01-14 00:00:00 UTC ]
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Like ad sales or regional managers, salaries for advertising salespeople, account executives or category managers fell last year—they didn’t bounce back for this segment in 2013 though. Continue reading at Folio Magazine
[ Folio Magazine | 2013-07-26 00:00:00 UTC ]
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From Clay Foster, chairman and CEO of Journal Inc. and publisher of the Daily Journal: Today’s paper is the culmination of months of planning and hard work to go live on a new printing press. In challenging economic times this was not an e ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-01-14 00:00:00 UTC ]
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