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 ]
News tagged with:
#generate revenue
New York Governor Kathy Hochul has signed New York state bill S5026—known as the Freelance Isn’t Free Act, and intended to protect freelance workers including authors and journalists on contract—into law. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-22 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#free act
#freelance isn
#york state
On November 9, following nine months of negotiations, Powell’s Books workers represented by ILWU Local #5 rejected a tentative contract with Powell’s management. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-15 05:00:00 UTC ]
More news stories like this |
PEN America intends to expand its presence in Florida amid growing book banning and other censorship efforts in the state, and has appointed ACLU veteran Katie Blankenship director of a new Florida office. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-14 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#pen america
#censorship efforts
The PRH sales veteran has been promoted to the newly created position of chief revenue officer, from president of sales and marketing, at Penguin Random House U.S. The division's Jeff Weber and Michael Rotondo also received promotions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#penguin random house
Eric Adams’ troubles and a potential primary challenge will be front-of-mind at this year’s Somos conference. Continue reading at Crains New York
[ Crains New York | 2023-11-06 20:42:43 UTC ]
More news stories like this | News stories tagged with:
#political world
#puerto rico
#somos
From Oct. 11-14, more than 200,000 people made the pilgrimage to Manhattan's Javits Center for New York Comic Con, the annual gathering of fans across movies, television, comic books, anime and video games. The massive convention floor was filled with activations of all sizes from some of the... Continue reading at AdWeek
[ AdWeek | 2023-10-20 08:00:00 UTC ]
More news stories like this | News stories tagged with:
#recognizable brands
#javits center
#annual gathering
#comic books
#video games
#comic con
Young readers flocked to this year's New York Comic Con, where they snapped up early releases, giveaways, and pics with favorite creators. Behind the scenes, concerns about censorship and book banning created controversy. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-18 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#early releases
#comic con
This year's ICv2 Insider Talks celebrated the 50th anniversary of the direct market sales channel, even as it acknowledged graphic novels—and particularly manga—as the primary driver for growth in the comics business today, and by a significant margin. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-18 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#graphic novels
#primary driver
#significant margin
#comic con
Open letter rebukes LitProm decision to cancel award ceremony for Adania Shibli due to ‘war started by Hamas’Israel-Hamas war: latest news and live updatesSeveral prominent authors and publishers from around the world have accused the Frankfurt Book Fair of “shutting down” Palestinian voices,... Continue reading at The Guardian
[ The Guardian | 2023-10-15 18:11:54 UTC ]
More news stories like this | News stories tagged with:
#arab world
#israel-hamas war
#latest news
#palestinian author
#annual prize
#female writers
#latin america
#frankfurt book fair
This year, Kids Can Press marks its 50th anniversary. That’s 50 years of publishing inspiring children’s books that help to spark a lifetime love of reading. PW chatted with Kids Can Editorial Development Director Yasemin Uçar; Senior Editor Patricia Ocampo; and Editors Katie Scott and Kathleen... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-10 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#pw close-
#pw chatted
#significant milestone
Tips for feeling motivated, embracing bad ideas, getting over creative blocks, and more. Some conference room tables boast bowls of candy or a gaggle of diminutive bottles of water. Others, painfully benign centerpieces, like a vase filled with colored glass beads. But when the Chronicle Books... Continue reading at Fast Company
[ Fast Company | 2023-10-07 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#books publishing
The company is also selling and spinning off some of its divisions as the video game industry faces cutbacks. Epic Games, maker of the smash hit Fortnite, isn’t immune to the troubles of the video game industry. The publisher announced Thursday it was laying off 16% of its staff, which works... Continue reading at Fast Company
[ Fast Company | 2023-09-28 14:15:00 UTC ]
More news stories like this | News stories tagged with:
#epic games
#publisher announced
The biggest pop culture fan event in North America returns to new fandoms and a fast-changing pop culture events industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-15 04:00:00 UTC ]
More news stories like this |
The US Copyright Office (USCO) wants your thoughts on generative AI and who can theoretically be declared to own its outputs. The technology has increasingly commanded the legal system’s attention, and as such office began seeking public comments on Wednesday about some of AI’s thorniest issues... Continue reading at Engadget
[ Engadget | 2023-08-31 17:02:25 UTC ]
More news stories like this | News stories tagged with:
#rising number
#published works
#sarah silverman
#class-action lawsuit
#memoir
#graphic novel
With the summer season winding down, media companies like The New York Times and Hearst are beginning to push employees to work from the office more regularly, reigniting media unions' years-long efforts to organize around the issue. Continue reading at Digiday
[ Digiday | 2023-08-28 04:01:00 UTC ]
More news stories like this | News stories tagged with:
#media companies
#hearst
Sailing into a new decade, New England’s indie organization glances back and charts its course. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-25 04:00:00 UTC ]
More news stories like this |
The R-rated comedy opened to a fifth place showing this weekend, while the comic book movie “Blue Beetle” came in at No. 1. Both were hurt by the actors’ strike. Continue reading at The New York Times
[ The New York Times | 2023-08-20 17:07:08 UTC ]
More news stories like this | News stories tagged with:
#box office
#comic book
Here's your chance to stock up on hardcovers on the cheap! Barnes & Noble's 50% hardcover sale is on now. Continue reading at Book Riot
[ Book Riot | 2023-08-11 20:01:51 UTC ]
More news stories like this | News stories tagged with:
#barnes noble
A ton of Dungeons and Dragons hardcover rulebooks are on sale today for 40%-60% off, from the basics to the more advanced. Continue reading at Book Riot
[ Book Riot | 2023-08-08 13:39:26 UTC ]
More news stories like this | News stories tagged with:
#dragons rulebooks
In an August 4 ruling, federal judge M. Casey Rodgers transferred Trump's $50 million copyright suit against Bob Woodward and publisher Simon & Schuster to the Southern District of New York, where Trump was hit with sanctions for filing a frivolous lawsuit earlier this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-08-08 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#trump tapes
#federal judge
#bob woodward
#southern district