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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Laura Carpenter, CEO of Abridge News, a Boston-born digital media startup that went through the MassChallenge Boston accelerator in 2018, has decided to pull the plug, citing challenges in sustaining the business. The decision was effective on Dec. 11, after approximately three years of... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-12-28 11:30:00 UTC ]
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Acclaimed designer and thought leader Cheryl D. Miller shares her decades-long quest for design justice. Cheryl D. Miller is an acclaimed New York communications designer, artist, and theologian. She is the author of the memoir Black Coral: A Daughter’s Apology to Her Asian Island Mother and... Continue reading at Fast Company
[ Fast Company | 2020-12-17 08:00:08 UTC ]
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A committee made up of booksellers and non-managerial staff at Bookshop Santa Cruz in Santa Cruz, Calif., has sent a letter to store owner Casey Coonerty Protti asking her to voluntarily recognize their joining with the Communication Workers of America Local 9423. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-12-11 05:00:00 UTC ]
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Penguin Random House has published its first ever ethnicity pay report, which found that BAME staff are paid 16% less than their white colleagues, on average. Continue reading at The Bookseller
[ The Bookseller | 2020-11-29 12:21:20 UTC ]
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Through the end of November, Criterion films are 50% off at Barnes and Noble. Grab one (or many) of these adaptations. Continue reading at Book Riot
[ Book Riot | 2020-11-23 11:40:00 UTC ]
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Lauren Williams, the website’s editor in chief, is also leaving. The departures come against a backdrop of change in the digital media business. Continue reading at The New York Times
[ The New York Times | 2020-11-20 21:04:29 UTC ]
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The novels that captivated us include James McBride’s “Deacon King Kong” and Hilary Mantel’s “The Mirror and the Light.” Continue reading at The Washington Post
[ The Washington Post | 2020-11-19 13:30:00 UTC ]
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Rupert Murdoch's media giant News Corp has made a bid for Simon & Schuster, according to a report in the New York Times. Continue reading at The Bookseller
[ The Bookseller | 2020-11-17 08:28:03 UTC ]
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Pan Mac has netted two novels from Tom Marcus, a former MI5 surveillance officer whose identity is kept under wraps for his own safety. Continue reading at The Bookseller
[ The Bookseller | 2020-11-16 12:30:28 UTC ]
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Two books examine Beijing’s efforts to control first Tibet and now Uighur Muslims. Continue reading at The Washington Post
[ The Washington Post | 2020-11-13 13:00:00 UTC ]
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The Harvard Book Store in Cambridge, Mass., has temporarily closed to in-person browsing after a member of the staff tested positive for Covid-19. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-12 05:00:00 UTC ]
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It smelled like Clinton’s emails redux. Last Wednesday, the Murdoch-owned New York Post published a bizarre story, sliming Joe Biden and his son Hunter, that it said was based on files (including, yes, emails) from a laptop that a man who may or may not have been Hunter left in a Delaware... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-10-19 12:20:19 UTC ]
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Totnes Bookshop in south Devon is being closed in its current form by the trust that owns its lease and will reopen as a box office for local events. Continue reading at The Bookseller
[ The Bookseller | 2020-10-19 11:36:36 UTC ]
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What do actual readers think about the books which land on the New York Times Bestseller List? A new study finds out. Continue reading at Book Riot
[ Book Riot | 2020-10-09 10:33:00 UTC ]
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Book Club, an indie on Manhattan's Lower East Side, was only open for a few months before the pandemic hit. Since then, its owners have gotten creative, and are raising the store’s profile. Here's how. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-02 04:00:00 UTC ]
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Macmillan Trade US president Don Weisberg said Thursday was "definitely a very tough day" for Macmillan employees following the surprise announcement that CEO John Sargent will leave the company at the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-18 04:00:00 UTC ]
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Ebury Press has swept in for “the ultimate guide to our glorious weather” by the Met Office. Continue reading at The Bookseller
[ The Bookseller | 2020-09-17 16:16:55 UTC ]
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Two Big Five US publishing houses independently announce new directorial appointments focused on workplace diversity and inclusion. The post In New York, Simon & Schuster and HarperCollins Announce Diversity Roles appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-15 23:40:06 UTC ]
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New York Comic-Con is taking its mammoth real-world presence into a new virtual space, dubbed the Metaverse. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-11 04:00:00 UTC ]
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Why aren’t there more Science Fiction Black writers? There aren’t because there aren’t. What we don’t see, we assume can’t be. What a destructive assumption. —Octavia E. Butler, in Octavia E. Butler: Telling My Stories. A small good thing amid the unrelenting horror: This week, almost fifty... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-03 16:37:21 UTC ]
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