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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New York Comic Con 2018, held October 4-7 at the Jacob Javits Convention Center and at nearby venues, attracted throngs of fans to a weekend of comics, graphic novels, and pop culture of all kinds. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-08 00:00:00 UTC ]
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New York Comic Con opened for business at the Javits Center with a new artist alley, and a new anime/manga festival, but without Milton Griepp's annual B2B business conference on the graphic novel market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-05 00:00:00 UTC ]
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Nearly 50 million Facebook accounts have been affected by a security breach that enabled hackers to take over users’ accounts, the social media giant announced Friday. The new breach comes as Facebook strives to convince its more than 2 billion users that it can be trusted. It is grappling with... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-29 00:00:00 UTC ]
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The legacy newspaper publisher intends to launch a membership product in 2019 focused around experiences and services, rather than a paywall. The post The New York Post plans paid membership program appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-09-26 00:00:00 UTC ]
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Montana Magazine, the bimonthly title which has chronicled Big Sky Country since its inaugural issue in 1970, has shut its doors after 48 years, publisher Lee Enterprises announced Wednesday. "Unfortunately, the dynamics of the publishing business have changed, and the magazine has reached the... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-21 00:00:00 UTC ]
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Writer and academic steps down after publishing and defending Jian Ghomeshi piece deemed to be at odds with spirit of #MeTooIan Buruma, the writer and academic, has stepped down from the editorship of the New York Review of Books after only 16 months, after he caused outrage by publishing and... Continue reading at The Guardian
[ The Guardian | 2018-09-20 00:00:00 UTC ]
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Quarto has reported an "encouraging" trading performance for the first six months of 2018, including a group revenue rise of 12% year-on-year to $56.2m (2017: $50.2m) and an improved gross profit margin of 50.1% (2017: 48.2%). Continue reading at The Bookseller
[ The Bookseller | 2018-09-18 00:00:00 UTC ]
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Quarto Group said that as part of a companywide cost cutting program, it is shutting its Minneapolis office and closing its Voyageur Press imprint. The Cool Springs and Motorbooks imprints are continuing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-18 00:00:00 UTC ]
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[caption id="attachment_109685" align="alignright" width="488"] Meredith Corp.'s Des Moines, Iowa headquarters.[/caption] Meredith has taken further steps in its long-term reorganization strategy that began after its acquisition of Time Inc. nearly two years ago. The Wall Street Journal first... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-13 00:00:00 UTC ]
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Chris Barlas recalls working in the Brewer Street office of the publisher and bookseller who championed some of the great avant-garde writers of the 20th centuryI worked for John Calder (Obituary, 3 September) for a couple of years in the 70s, as editor of Gambit, the theatre magazine. It was... Continue reading at The Guardian
[ The Guardian | 2018-09-10 00:00:00 UTC ]
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[caption id="attachment_103857" align="alignright" width="264"] Matt Yorke[/caption] SourceMedia CMO Matt Yorke—who just six months ago saw his role expanded to encompass all media sales at the New York-based trade publisher—is now leaving the company after less than two years to join Northstar... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-10 00:00:00 UTC ]
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New York Comic Con returns with a streamlined Harvey Awards and a new anime and manga festival. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Hosted on the Man Booker Prize site, the new feature commemorates moments in the award program's first half-century and captures archival material and timelines. The post ‘Vintage Man Booker’ Is Launched, a Retrospective on 50 Years appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-05 00:00:00 UTC ]
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One man was cited for posting far-right memes on Facebook, railing against immigrants, gays and Muslims and claiming that former President Obama was trying to convert the nation to Islam. The other was admonished multiple times for improper conduct and for making “discourteous, demeaning and... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-01 00:00:00 UTC ]
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Ronan Farrow shared a Pulitzer Prize and received other major journalistic kudos for his investigation of Harvey Weinstein’s alleged sexual harassment, assault, rape and abuse of power during his long career as a movie mogul. But nearly a year after Farrow’s story made headlines and helped blaze... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-08-31 00:00:00 UTC ]
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[caption id="attachment_134577" align="alignright" width="150"] Alex Hardiman[/caption] The Atlantic continued its ongoing expansion this week with the hire of Facebook’s head of news products, Alex Hardiman, as its new chief business and product officer. Starting this fall, Hardiman will be... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-30 00:00:00 UTC ]
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Scheduling a two-day stop in New York City, the Teamwork Arts Jaipur Literature Festival also is scheduled for stints in September in Houston and Boulder. In New York, it's sponsored by the Asia Society. The post Jaipur Literature Festival Announces ‘JLF at New York’ in September appeared first... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-22 00:00:00 UTC ]
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Is New York magazine for sale? A spokeswoman for New York Media has confirmed that the Wasserstein family is considering "investment interest and strategic opportunities" and "evaluating the market" following reports that New York magazine and its digital offshoots are up for sale. Bruce... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-15 00:00:00 UTC ]
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The Washington Post, The Guardian, Mic and others have shut down their chatbots, but Quartz is ramping up bot development. The post Quartz forges ahead, but other news publishers shut down chatbots appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-08-13 00:00:00 UTC ]
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A bookshop was left stranded after HSBC closed its bank account for 12 days as part of a crackdown on financial crime. Continue reading at The Bookseller
[ The Bookseller | 2018-08-10 00:00:00 UTC ]
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