Medium Just Laid Off 50 Employees and Shut Down Offices in New York and D.C.

Medium founder and CEO Ev Williams disclosed today in a blog post that his four-and-a-half-year-old company is eliminating 50 jobs and shutting down offices in New York and Washington, D.C. In a philosophical letter to the public, he recounted how his team's ultimate goals had gotten off course thanks to the monetization model known as advertising. "We set out to build a better publishing platform—one that allowed anyone to offer their stories and ideas to the world and that helped the great ones rise to the top," Williams wrote. "In 2016, we made big investments in teams and technology aimed at attracting and migrating commercial publishers to Medium. And in order to get these publishers paid, we built out and started selling our first ad products. This strategy worked in terms of driving growth, as well as improving the volume and consistency of great content." While it appears Medium is doing away with its sponsored posts ads product, he wrote that 2016 was his company's best year in terms of key metrics. For instance, published posts jumped roughly 300 percent year over year, and monthly visitors reportedly reached 60 million in December, representing a 140 percent year-over-year increase. Medium, a digital storytelling platform, has even attracted scores of public figures—most notably President Barack Obama—to get their messages out. Meanwhile, publishers of all sizes have been able to try to make money off their Medium stories, which have been sponsored in... Continue reading at 'AdWeek'

[ AdWeek | 2017-01-05 00:00:00 UTC ]
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From You To Me offers charity day to all employees

Bath-based publishing firm From You to Me is offering all staff an extra day off every year as a "charity day". Continue reading at The Bookseller

[ The Bookseller | 2022-01-06 10:07:42 UTC ]
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Politics & Prose Owners Recognize Employee Union

Politics & Prose owners Bradley Graham and Lissa Muscatine have reached an agreement with United Food and Commercial Workers Local 400 for the union to represent about 50% of the indie bookstore's 100+ employees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-05 05:00:00 UTC ]
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The Raven Book Store Owner Sells Large Stake in Store to Seven Employees

Danny Caine, the owner of the Raven Book Store in Lawrence, Kans., has sold a 49% stake in the 35-year-old bookstore to a group of seven employees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-04 05:00:00 UTC ]
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The New York Times Announces Their Readers’ Pick for Best Book of the Past 125 Years

The New York Times Book Review marked their anniversary by asking readers to nominate the best book of the past 125 years. Here's the result. Continue reading at Book Riot

[ Book Riot | 2022-01-03 15:52:45 UTC ]
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New York's library e-book licensing bill vetoed as Maryland challenge looms

The Association of American Publishers (AAP) has welcomed the decision by New York Governor Kathy Hochul to veto a bill that would have forced publishers and authors to grant e-book licences to libraries under state-imposed terms. Continue reading at The Bookseller

[ The Bookseller | 2021-12-31 06:31:54 UTC ]
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Hearing Set in AAP Suit Over Maryland E-book Law as Clock Ticks on New York Bill

A federal judge won't hear the AAP's bid to stop Maryland's library e-book law until February, meaning the law will take effect on January 1. Meanwhile, New York Governor Kathy Hochul has until December 29 to sign New York's own library e-book law. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-21 05:00:00 UTC ]
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Letter from New York

It’s been an eventful year in the American publishing industry, with moves and mergers aplenty—but sales figures are incredibly promising. Continue reading at The Bookseller

[ The Bookseller | 2021-12-19 23:47:40 UTC ]
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Politics and Prose employees moved to unionize—then the store owners hired an anti-union law firm.

DCist reports that workers at DC’s indie bookstore Politics and Prose have decided to unionize, joining a growing list of bookstores (and other workplaces) that have unionized this year. If they do unionize, they’ll become the only bookstore in DC with a unionized workforce. But Politics and... Continue reading at Literrary Hub

[ Literrary Hub | 2021-12-17 16:47:07 UTC ]
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UK magazine firm tells staff they must come into office despite Omicron

Exclusive: Future Publishing emails 1,500 staff in England to say full working from home ‘is not something we can do’Coronavirus – latest updatesSee all our coronavirus coverageFuture, the London-listed owner of magazines from Marie Claire to Metal Hammer, has told more than 1,000 members of... Continue reading at The Guardian

[ The Guardian | 2021-12-10 12:07:58 UTC ]
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AAP Sues to Block Maryland, New York Library E-book Laws

The AAP filed a lawsuit Thursday seeking to stop Maryland's library e-book law for taking effect January 1 and also disclosed that it was one of more than 20 organizations to sign a letter to New York governor Kathy Hochul urging her to veto a similar bill. Both pieces of legislation require... Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-09 05:00:00 UTC ]
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Springer Nature Plants Trees in India, One for Each Employee

Citing some 20 percent of its workforce being based in India, Springer Nature chooses the state of Meghalaya for its tree-planting project. The post Springer Nature Plants Trees in India, One for Each Employee appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-12-08 19:08:20 UTC ]
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The story of one New York girl and the precarious lives of the poor

Reporter Andrea Elliott spent eight years following Dasani and her struggling family. Continue reading at The Washington Post

[ The Washington Post | 2021-12-03 13:00:00 UTC ]
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HBG Has No Date for Return to Office

Due to the arrival of the Omicron variant, Hachette Book Group said it has not set a date for a full return to its offices with CEO Michael Pietsch saying the company will only bring people back when it is safe to do so. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-01 05:00:00 UTC ]
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The best Cyber Monday tech deals you can get for under $50

Maybe you've crossed all of the big items off your gift list for the year, but you're still on the lookout for stocking stuffers that aren't the typical picks. There are plenty of options in the tech space that are both small and affordable, and Cyber Monday deals have made a good number of them... Continue reading at Engadget

[ Engadget | 2021-11-29 18:00:23 UTC ]
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New York’s Midcentury Art Scene Springs to Life in ‘The Loft Generation’

Edith Schloss’s memoir recounts an era of great creative vitality and the time she spent with Willem and Elaine de Kooning, Merce Cunningham, Leo Castelli and others. Continue reading at The New York Times

[ The New York Times | 2021-11-21 10:00:00 UTC ]
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Trump Is Publishing a Photo Book of His Time in Office

“Our Journey Together” includes more than 300 photographs, along with captions written by the former president. Continue reading at The New York Times

[ The New York Times | 2021-11-20 00:37:09 UTC ]
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Amazon's Kindle drops to an all-time low of $50 ahead of Black Friday

As ever, Amazon is discounting many of its products for the Black Friday shopping period. Like many other companies, Amazon is getting out of the gate a little early with deals on Kindles. The standard Kindle is down from $90 to $50, which is the lowest price we've seen for the e-reader. Back in... Continue reading at Engadget

[ Engadget | 2021-11-19 09:00:22 UTC ]
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IPG at 50: Exploring Heartland Publishing 2021

Joe Matthews, CEO of IPG parent company Chicago Review Press Inc., discusses the distributor’s explosive growth, and its future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-11-19 05:00:00 UTC ]
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