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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Online publishing platform Medium will publish its first print book,'The Big Disruption,' next week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-04 00:00:00 UTC ]
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The Publishers Association has called for a longer extension to Article 50 after Theresa May’s Brexit withdrawal agreement was voted down for the third time by MPs. Politicians voted by 344 votes to 286 against the government’s deal, meaning Britain is now scheduled to leave on 12th April. The... Continue reading at The Bookseller
[ The Bookseller | 2019-03-30 00:00:00 UTC ]
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Welcome to the latest edition of Ad Age Publisher's Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition.The news from Cupertino: "Apple's string of new subscription services pushes... Continue reading at Advertising Age
[ Advertising Age | 2019-03-26 00:00:00 UTC ]
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Facebook Inc.’s top executive in charge of all products, Chris Cox, the longtime confidant of Chief Executive Mark Zuckerberg, is leaving the company. It’s the highest-level departure at the social media giant amid nearly two years of sustained crises. Cox’s unexpected departure, which he... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-03-14 22:45:00 UTC ]
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Facebook Inc.’s top executive in charge of all products, Chris Cox, the longtime confidant of Chief Executive Mark Zuckerberg, is leaving the company. It’s the highest-level departure at the social media giant amid nearly two years of sustained crises. Cox’s unexpected departure, which he... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-03-14 22:45:00 UTC ]
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Now in its third year, and in partnership with BuzzFeed Book Club, this year’s five finalists are titles all written by women. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-04 00:00:00 UTC ]
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The leading provider of publishing services celebrates 50 years of delivering excellence to the publishing industry. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-01 00:00:00 UTC ]
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The second Children’s Books Salon in New York City brought together 26 international and nearly 70 American children’s book publishers for meetings and discussions. The post Children’s Books Salon: Building a ‘Global Community’ of Publishers in New York City appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-28 00:00:00 UTC ]
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Time is a flat circle. Let’s take a stroll down memory lane. Facebook, about two years ago, launched Facebook Live and encouraged publishers to join in on the fun. And, of course, publishers did because Facebook offered a vast potential for distribution and controlled a not-insignificant amount... Continue reading at Fast Company
[ Fast Company | 2019-02-26 00:00:00 UTC ]
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The Baillie Gifford Prize for non-fiction has announced a new seven-year sponsorship agreement that will see its prize money boosted to £50,000. Continue reading at The Bookseller
[ The Bookseller | 2019-02-23 00:00:00 UTC ]
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In presidential tweet news, this happened Wednesday: Trump didn't get specific about the "false" reporting, but it seems likely that he saw the print edition of this morning's New York Times with... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-02-21 00:00:00 UTC ]
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David D. Kirkpatrick was Cairo bureau chief for The New York Times between 2011 and 2015, and is the author of a recent book on the country. Continue reading at The New York Times
[ The New York Times | 2019-02-19 00:00:00 UTC ]
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The Crime Writers’ Association has appointed Maxim Jakubowski as its first ever publishers’ liaison officer. Continue reading at The Bookseller
[ The Bookseller | 2019-02-19 00:00:00 UTC ]
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After acquiring Worthy Publishing last year, the Hachette Book Group's Nashville publishing division has moved to Worthy's offices in Franklin, Tenn. and centralized its FaithWords editorial operations there. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-06 00:00:00 UTC ]
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Pavilion Books will team up with Rizzoli New York on a publishing distribution and sales partnership from July. Continue reading at The Bookseller
[ The Bookseller | 2019-02-06 00:00:00 UTC ]
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The 48 subject category winners of the 2019 PROSE Award cycle from the Association of American Publishers will yield four top category titles and an overall winner. The post AAP Announces 2019 PROSE Award Category Winners, Board Officers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-01 00:00:00 UTC ]
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You could see the impact of playing in a Fairfax-Westchester basketball game in pregame warmups Friday night. Players were jumping higher, clapping louder and breathing harder. Fans were pouring into the Westchester gym to create the usual loud, entertaining environment. The game produced tough... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-01-26 00:00:00 UTC ]
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Time Warner Investments was one of the most prominent backers of publishing, video and advertising technology companies. The post WarnerMedia shuts investment arm that backed Mic, Mashable and other digital media startups appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-25 00:00:00 UTC ]
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Pamela Drucker Mann discusses how Condé Nast plans to give advertisers what they want, not what publishers think they should have. The post ‘You have to sell advertisers what they need, not what you want’: Q&A with Conde Nast chief revenue officer, Pamela Drucker Mann appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-14 00:00:00 UTC ]
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Jill Abramson, the former executive editor of the New York Times, says that a Fox News report claiming that she views her former employer as biased against President Trump took words from her forthcoming book out of context. The Fox News article, written by Howard Kurtz and headlined "Former NY... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-01-08 00:00:00 UTC ]
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