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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Far from a nostalgia tour, speakers at the ModMag NY summit celebrate the enduring power of magazines past, present, and future. The post Amid Financial and Digital Disruption, Print Remains a Powerful Medium for Human Emotion appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-06-01 00:00:00 UTC ]
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The inaugural New York Rights Fair brought 70 literary agents, scouts, foreign rights associates, film producers, literary managers, and other publishing professionals from all over the world together to talk shop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-01 00:00:00 UTC ]
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In 1968 Peter Workman founded the company that bears his name with a single book, 'The Yoga 28-Day Exercise Program,' which is still in print. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-31 00:00:00 UTC ]
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'Your competitors like Netflix, Amazon Prime and Audible,' publishers will hear this year at BookExpo and the rival rights fair, 'are more than willing to fill the gap.' The post As BookExpo and New York Rights Fair Open: Warnings for Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-05-30 00:00:00 UTC ]
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Independent children’s publisher Imagine That, formerly known as Top That Publishing, has hired several former Bonnier employees, including Rose Taylor. Continue reading at The Bookseller
[ The Bookseller | 2018-05-30 00:00:00 UTC ]
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Queer employee groups can enrich workplaces and publishers’ relationships with readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-25 00:00:00 UTC ]
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US-based Authors Guild announced a series of traveling workshops for writers around the country and honored 'VIDA: Women in Literary Arts' with its most prestigious award. The post Authors Guild Honors VIDA, Announces ‘Boot Camps’ for Authors Outside New York appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-05-25 00:00:00 UTC ]
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The photography enthusiast magazine is going digital only in response to dwindling ad revenues and higher print costs. The post Shutterbug Shuts the Door on Print After 45 Years appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-05-22 00:00:00 UTC ]
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During BookExpo at the Javits Center next week, trade visitors and rights specialists will be in two different parts of the city, as the New York Rights Fair makes its debut at the Manhattan Pavilion. The post The New York Rights Fair Changes the Rights Floorplan at BookExpo appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-05-22 00:00:00 UTC ]
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Amid signs of financial distress, the Andy Warhol-founded glossy is reportedly folding after 49 years. The post Interview Magazine Is Shutting Down, Staffers Say appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-05-21 00:00:00 UTC ]
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A newly struck 70 mm print of Stanley Kubrick’s epic science fiction classic “2001: A Space Odyssey,” opens May 18 at the ArcLight Hollywood. The re-release of the 50-year-old film was accomplished through an entirely photochemical process overseen by Christopher Nolan. Here is Times critic... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-05-17 00:00:00 UTC ]
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The New York Rights Fair has announced two new sessions on innovation in international rights and licensing for its inaugural fair, which will be held from May 30 to June 1 at the Metropolitan Pavilion in New York. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-15 00:00:00 UTC ]
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Saying it can no longer bear the magazine's mounting debts, Vermont state gov't announces the Summer 2018 issue will be its last. The post Vermont Life Is Shutting Down After 72 Years appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-05-11 00:00:00 UTC ]
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Indie publisher Urbane Publications is to bring out a book in May 2019 commemorating the 50th anniversary of European aerospace company Airbus. Continue reading at The Bookseller
[ The Bookseller | 2018-05-11 00:00:00 UTC ]
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Executives from Storytel and Kobo offer insights into the meteoric rise of audiobooks in the U.S. and abroad. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-10 00:00:00 UTC ]
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The next Ev Williams pivot has screwed over another round of scrappy media professionals. Yesterday I wrote about the weird breathless coverage that Twitter co-founder Ev Williams seems to get whenever he talks about Medium, his grand project to make online publishing sustainable. Williams will... Continue reading at Fast Company
[ Fast Company | 2018-05-10 00:00:00 UTC ]
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Launched in conjunction with the forthcoming New York Rights Fair, the inaugural Talking Pictures: Selected Books is a new juried competition that honors excellence in visual books published in the preceding year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-08 00:00:00 UTC ]
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A debut author flyposted Penguin Random House's offices in London's Vauxhall as part of a guerrilla marketing stunt to promote his new book. Continue reading at The Bookseller
[ The Bookseller | 2018-05-04 00:00:00 UTC ]
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Jennifer Egan's novel 'Manhattan Beach,' the story of a female diver at Brooklyn’s Navy Yard during WWII, has been chosen as the book for "One Book, One New York," an annual contest to decide on a book that will be read by the entire city. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-03 00:00:00 UTC ]
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There was a core of optimism at the Book Industry Study Group’s annual meeting in New York, despite sluggish trade sales and challenges facing the business – from old problems roaring back, like returns and piracy, to that new mystery, blockchain technology. Continue reading at The Bookseller
[ The Bookseller | 2018-05-02 00:00:00 UTC ]
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