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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Boris Kachka, whose tenure as books editor at 'New York' magazine saw the publication experiment with tripling its book coverage, will succeed former books editor Carolyn Kellogg at the 'Los Angeles Times.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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To win a $50 gift card to Barnes and Noble, just sign up for Daily Deals, our newsletter that rounds-up the ... Continue reading at Book Riot
[ Book Riot | 2020-01-02 11:31:55 UTC ]
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On December 19, police in Jowhar, the capital of Hirshabelle state, raided the privately owned City FM broadcaster, briefly detained Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-12-23 23:00:13 UTC ]
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Hearst Magazines announced today that former WarnerMedia and Snap executive Kristen O'Hara will be assuming the role of svp and chief business officer, effective Jan. 6. In the newly created position, O'Hara will oversee U.S. advertising sales and marketing for Hearst brands, as well as... Continue reading at AdWeek
[ AdWeek | 2019-12-17 17:58:13 UTC ]
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Pearson has won a contract with the UK Home Office to deliver secure English language tests (SELTs) to people who need to demonstrate their English language skills to work or live in the UK. Continue reading at The Bookseller
[ The Bookseller | 2019-12-17 10:16:56 UTC ]
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Puffin will publish Brown Girl Dreaming, the multi-award winning memoir told in verse by author Jacqueline Woodson. Continue reading at The Bookseller
[ The Bookseller | 2019-12-15 18:04:41 UTC ]
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Earlier today, the employees of the New York City-based indie bookshop McNally Jackson voted to join the Retail, Wholesale, and Department Store Union (RWDSU). RWDSU President Stuart Appelbaum says, “We’re proud to welcome the workers of McNally Jackson into our union. Tonight, they showed that... Continue reading at Literrary Hub
[ Literrary Hub | 2019-12-13 20:10:34 UTC ]
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The 90 employees at McNally Jackson, with five New York City locations including three bookstores and two Goods for the Study stationery stores, voted to join the Retail, Wholesale, and Department Store Union on Thursday. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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Take a look at some of the most exciting YA paperbacks hitting shelves this winter. Continue reading at Book Riot
[ Book Riot | 2019-12-02 11:40:43 UTC ]
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Nearly 200 participants, including a distinguished roster of children’s book authors, gathered on November 16 in Manhattan to discuss how faith and art inform each other, during "Walking on Water: The Madeleine L'Engle Conference." Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-26 05:00:00 UTC ]
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A reporter, editor and author, he co-wrote a biography of Stan Lee, oversaw a comics festival and started an award-winning website. Continue reading at The New York Times
[ The New York Times | 2019-11-21 22:50:30 UTC ]
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Memoirs and histories share space with true crime and a surprise bestseller: The Mueller Report. Continue reading at The Washington Post
[ The Washington Post | 2019-11-21 14:10:00 UTC ]
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Last Monday, staff at two dozen subsidiaries of the Hearst Magazines media conglomerate announced their intention to unionize with the Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-11-20 18:30:06 UTC ]
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Random House announced today that they’ve acquired the rights to a series of books based on the New York Times Magazine’s extraordinarily popular “1619 Project,” which interrogates received perspectives on four centuries of slavery in America through essays, stories, histories, poems, and... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-20 13:52:40 UTC ]
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The foodie in your life—and their kitchen—will thank you. Eight-year-old unicorn Sweetgreen‘s fast-casual farm-to-table salad empire is growing rapidly, thanks to a commitment to delicious, locally sourced ingredients and simple, quick ordering. The chain, which serves seasonal bowls with... Continue reading at Fast Company
[ Fast Company | 2019-11-20 07:00:08 UTC ]
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Peloton’s employees did all the heavy lifting and rounded up the 8 best holiday gifts for the fitness fanatic in your life. Ahead of its September IPO, in 2019 indoor cycling behemoth Peloton moved beyond the bike. Founded in 2012 by tech exec John Foley (who previously ran Barnes & Noble’s... Continue reading at Fast Company
[ Fast Company | 2019-11-19 07:00:54 UTC ]
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Tom Spurgeon, author, editor, comics critic, blogger, and executive director of the Cartoon Crossroads Columbus comics festival, died of unknown causes in Columbus, Ohio, on November 13. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
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Presses outside of the London bubble have welcomed Hachette UK's move to open a new office in Manchester as a step in the right direction. Continue reading at The Bookseller
[ The Bookseller | 2019-11-14 01:56:32 UTC ]
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Hachette UK will open a new office in Manchester early next year, with Hachette Children’s Group leading the way. Continue reading at The Bookseller
[ The Bookseller | 2019-11-12 20:15:39 UTC ]
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We've compiled 50+ of the most magical Harry Potter crafts for your classroom, home decor, party decor, holiday decor, and, well, just for fun. Lumos. Continue reading at Book Riot
[ Book Riot | 2019-11-12 11:36:19 UTC ]
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