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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Powell’s employees were among a group on Monday night that protested a reading at the bookstore by Blake Nelson, a Portland author whose recent work and public statements have drawn on extremist right-wing rhetoric. Nelson’s newest book, The Red Pill—published by Bombardier Books in... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-17 18:00:11 UTC ]
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Read on for 50 of the best Kindle Unlimited audiobooks you can listen to right now with a subcription, from memoirs to nonfiction to kid's lit and more. Continue reading at Book Riot
[ Book Riot | 2019-07-16 10:34:41 UTC ]
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The HQ team embarked on a nationwide proof tour of more than 50 bookshops in one day, dressed in 1950s costumes, to hand-deliver copies of the imprint’s biggest debut for 2020, This Lovely City by debut author Louise Hare. Continue reading at The Bookseller
[ The Bookseller | 2019-07-15 16:15:35 UTC ]
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Charter Communications Inc., the largest cable provider in New York, will be allowed to continue operating in New York after reaching an agreement with regulators. The state Public Service Commission approved a settlement with Charter today, reversing a decision it made a year earlier to kick... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-12 11:59:24 UTC ]
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Charter Communications Inc., the largest cable provider in New York state, will be allowed to continue operating in New York after reaching an agreement with regulators. The state Public Service Commission approved a settlement with Charter today, reversing a decision it made a year earlier to... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-07-12 11:50:50 UTC ]
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If you see advertisements for a mall that look like they came straight out of the '80s on today's print edition of The New York Times, fire up Google Lens. Those neon-colored ads are most likely for Starcourt, the fictional Hawkins, Indiana mall that... Continue reading at Engadget
[ Engadget | 2019-07-11 13:00:00 UTC ]
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Michael Seidenberg, the beloved owner of New York City's Brazenhead Books, has died. In his later years, Seidenberg ran the bookstore out of his apartment, attracting the city's literati and bookworms. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-09 04:00:00 UTC ]
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New York Magazine wants you to buy its July 8-21 print issue because of what it doesn’t have. Per the promise of the coverline, it’s “An Entire Issue With Nothing About Trump!”—and indeed, other than that brief mention, the issue focuses on lots and lots of non-Trump things, starting with the... Continue reading at Advertising Age
[ Advertising Age | 2019-07-08 15:19:21 UTC ]
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This list of summer 2019 crime books is sponsored by Amazon Publishing. Robert Dugoni is the New York Times bestselling author of ... Continue reading at Book Riot
[ Book Riot | 2019-07-05 10:34:16 UTC ]
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Tracing SDCC’s evolution from a small gathering of fans to the biggest pop culture event in the world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-05 04:00:00 UTC ]
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The employee-owned house, best known for books on design, crafts, and cooking, regional-interest titles, and children’s books, is keeping up its late founder's legacy. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-05 04:00:00 UTC ]
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The business news publisher has laid off 11 commercial-side employees over two stints in 2019. Some of those roles remain unfilled, as Quartz pours more resources into its nascent membership program. The post Quartz lays off business-side employees for second time this year appeared first on... Continue reading at Digiday
[ Digiday | 2019-06-28 04:01:26 UTC ]
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David Nicholls’ latest recalls the life-changing events of one summer as a man looks back on his first love. Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 00:44:23 UTC ]
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In a Times report on counterfeited book sales online–and a ringing response from Amazon–a long-growing publishing retail debate moves into the spotlight. The post Point-Counterpoint: Amazon Responds at Length to a New York Times Critique appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-25 11:20:27 UTC ]
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The owner of New York's Book Culture bookshops says the business's four stores are in danger of closing unless they receive help from the city. Continue reading at The Bookseller
[ The Bookseller | 2019-06-25 02:20:48 UTC ]
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The libraries cited unsustainable costs in ending the service. Cinephiles took to social media with their reactions. Continue reading at The New York Times
[ The New York Times | 2019-06-24 23:21:19 UTC ]
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Quartz Brief, the award-winning news mobile app, is being put out to pasture so the digital news publisher can focus Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-06-24 17:45:29 UTC ]
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As she celebrates a series of career milestones—which coincide with the 20th anniversary of her publisher, Dafina Books—the author starts a new chapter by revisiting classic characters in the long-awaited sequel to her first novel, My Brother’s Keeper. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-24 04:00:00 UTC ]
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The idea makes practically no sense at all. Full works of long-form literary fiction uploaded to ... Instagram? And specifically to Instagram Stories, a format known for its fast and fleeting posts about nights on the town and outfits of the day? But the New York Public Library pulled it off,... Continue reading at AdWeek
[ AdWeek | 2019-06-14 20:20:07 UTC ]
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The first day of summer is almost upon us, and Amazon doesn’t want you to be without a brand new waterproof kindle for all that beach or poolside reading. Right now, Amazon’s Wi-Fi Kindle Oasis is $200Remove non-product link—a $50 discount off the usual price and the lowest price we've ever... Continue reading at PC World
[ PC World | 2019-06-10 13:55:00 UTC ]
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