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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When San Diego magazine abruptly ceased operations and laid off nearly all of its employees in late March, mere days after a statewide shelter-in-place order took effect in California, CEO and publisher Jim Fitzpatrick stressed that it was only a temporary pause and that he hoped the magazine... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-15 18:27:52 UTC ]
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Audible has appointed Brad Schwartz as chief content officer as it aims to expand audio production. Continue reading at The Bookseller
[ The Bookseller | 2020-06-11 22:48:31 UTC ]
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Michelle Alexander and Ijeoma Oluo among those on list, marking first time top 10 entries are primarily titles on race issuesGeorge Floyd killing – latest US updatesBlack American authors, including Michelle Alexander and Ijeoma Oluo, have surged to the top of the latest New York Times’... Continue reading at The Guardian
[ The Guardian | 2020-06-11 18:10:43 UTC ]
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Dr. Ibram X. Kendi pointed out on Twitter last night that books about racism (including two of his own, How to Be an Antiracist and Stamped from the Beginning) are making up a significant portion of the New York Times bestseller lists. “The resistance is from the loudness of demonstrations to... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-11 14:11:24 UTC ]
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Apple is discontinuing two products you’ve probably forgotten about: iBooks Author and iTunes U. As of July 1st, iBooks Author will not be available to new users, and Apple plans to discontinue iTunes U at the end of 2021.Existing iBooks Author users... Continue reading at Engadget
[ Engadget | 2020-06-10 19:05:29 UTC ]
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Publishers are currently exploring what a return to work will look like, with HarperCollins this week allowing staff to come into the office "for essential reasons" and Hachette and Simon & Schuster confirming a provisional return come September. Continue reading at The Bookseller
[ The Bookseller | 2020-06-09 22:45:56 UTC ]
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Hay Festival and Mexico's Guadalajara Book Fair have been jointly awarded the 2020 Princess of Asturias Award for communication and humanities. Continue reading at The Bookseller
[ The Bookseller | 2020-06-09 19:05:34 UTC ]
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Book packager Glasstown Entertainment is being accused by former employees and authors of creating and perpetuating a hostile environment for people of color. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-09 04:00:00 UTC ]
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After six years and 40 issues, The California Sunday Magazine is saying goodbye to print. The bimonthly title produced by parent company Pop-Up Magazine Productions, which in its relatively short life has garnered national acclaim for its design, photography and long-form feature writing, will... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-08 20:18:29 UTC ]
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None of the major New York City publishers who took part in a PW survey about their efforts to return employees to their Manhattan headquarters had fixed plans—and none said they expected to begin bringing staff back in a meaningful way before September 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-05 04:00:00 UTC ]
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In the new book 'Trans New York,' published by Apollo Publishers on June 2, photographer Peter Bussian spotlights, through portraits, the transgender community living throughout New York City’s five boroughs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-04 04:00:00 UTC ]
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Furloughs and salary cuts come to Outside magazine, Meredith doubles down on podcasts and more. The post Skift to Give Up Physical Office and Go All-Remote, CEO Says | News & Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-28 15:50:04 UTC ]
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This week, we published a handful of stories about the reopening of Oregon. It's the subject of our print edition cover package this week and reporter Malia Spencer wrote a story about the move-in plans for technology companies. It turns out, some of the region's largest tech employers are... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-05-21 23:18:59 UTC ]
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Every year, Girls Write Now provides the opportunity for mentees to be published in a book form; in recent years, the print edition has been produced by Dutton, and the digital edition by the Feminist Press. Taking Our Place in History: The Girls Write Now 2020 Anthology invites you to witness... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-20 08:47:16 UTC ]
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Leaders of content-to-commerce initiatives at three global news media companies shared in-depth looks at how those projects started and how they are Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-18 19:00:36 UTC ]
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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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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 ]
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[caption id="attachment_180341" align="alignright" width="150"] Craig Perrault[/caption] Penske Media Corp. has promoted Craig Perrault to chief digital officer, a newly created role responsible for leading product strategy, business development, monetization and audience development across the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-07 15:03:14 UTC ]
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The Constitution holds that the president shall, from time to time, conduct a spurt of interviews with mainstream news outlets before going back to Fox. Or something like that. We’re currently seeing one of those spurts. Last week, Trump gave an interview to Reuters in the Oval Office; on... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-05-06 12:04:22 UTC ]
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“Old Lovegood Girls” is a richly layered novel based on a lifetime of reflection on friendship and storytelling. Continue reading at The Washington Post
[ The Washington Post | 2020-05-05 15:32:45 UTC ]
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