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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The layoffs of Gleick, associate publisher Michael McKenzie, and "other staff" constitute what Little, Brown president and publisher Sally Kim called "the final part of the Workman reorganization." The Algonquin imprint was moved into Little, Brown in July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-12 04:00:00 UTC ]
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The Power Broker at 50, and new book cover trend, and remembering Steve Silberman in today's book news. Continue reading at Book Riot
[ Book Riot | 2024-09-11 16:35:46 UTC ]
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A 1966 novel captures a publishing world full of chronic malcontents, strategic lunches and ideas that mattered. Continue reading at The New York Times
[ The New York Times | 2024-09-11 09:00:20 UTC ]
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A decade ago, it was dusky green matcha. Then came masala chai, yuzu and ube. Now another distinct Asian ingredient is wending its way through New York City’s dining scene.Pandan is a staple ingredient in Southeast Asian cuisine, used to give beverages, desserts and savory dishes a simultaneous... Continue reading at Crains New York
[ Crains New York | 2024-08-30 10:03:04 UTC ]
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The pop culture mega-event is extending its traditional four-day run to five in 2024 with "Retailer Day," a new day of professional programming to be held on Wednesday, October 16, exclusively for industry professionals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-16 04:00:00 UTC ]
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Marchant, who was previously director of marketing, strategy, and engagement at the Random House Group, will join Hachette Book Group on September 23. She succeeds Wibke Grutjen, who departed HBG this month to join Simon & Schuster. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-14 04:00:00 UTC ]
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The company has largely flown under the industry radar since it was launched in 1974 by the wife-and-husband team of Nancy and Peter Schiffer. But the arts and crafts publisher today stands as a bona fide indie success story. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-09 04:00:00 UTC ]
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The press will reportedly close at the end of the year after university officials decided to eliminate its $300,000 annual funding. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-07 04:00:00 UTC ]
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From “AI-generated musical performances to robocall impersonations of political candidates to images in pornographic videos,” the report acknowledges that “a new era of sophisticated digital replicas has arrived.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-01 04:00:00 UTC ]
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Ergonomics are important for your health, but standing desks and comfortable office chairs can feel like expensive luxuries. At least, they typically do. But during Amazon Prime Day 2024, you can sometimes snag big discounts on wildly popular desk and chair models. That’s true this... Continue reading at PC World
[ PC World | 2024-07-17 10:00:00 UTC ]
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Amazon Prime Day 2024 has brought a bunch of solid tech deals on some of our favorite gadgets. The annual shopping event is a great time for Prime members to put that subscription to work and actually get some good deals on gadgets including tablets, earbuds, robot vacuum cleaners and more. This... Continue reading at Engadget
[ Engadget | 2024-07-17 00:20:35 UTC ]
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Last week, The New York Times Book Review published a list of the “100 Best Books of the 21st Century.” (Well, so far, obviously. Why not just call it the best books of the last 25 years? Do they know something we don’t? Oh well.) To put it together, the Book Review surveyed “hundreds of... Continue reading at Literrary Hub
[ Literrary Hub | 2024-07-16 08:56:08 UTC ]
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Ergonomics are important for your health, but standing desks and comfortable office chairs can feel like expensive luxuries. At least, they typically do—but during Amazon Prime Day 2024, you can sometimes snag big discounts on wildly popular models. Right now the deals are starting... Continue reading at PC World
[ PC World | 2024-07-12 17:43:22 UTC ]
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Lin-Manuel Miranda is wrapping up the recording of a concept album for a new musical co-written by playwright Eisa Davis, according to people with knowledge of the matter. The album will be based on the 1979 movie "The Warriors," whose sympathetic depictions of gang members and gritty... Continue reading at Crains New York
[ Crains New York | 2024-07-09 10:03:03 UTC ]
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Ten months ago, Mayor Eric Adams warned of the need for “painful” cuts to the city’s budget, affecting everything from early education to trash pickup. He spoke of a looming fiscal crisis spurred by the cost of caring for tens of thousands of migrants flooding the city from the Texas... Continue reading at Crains New York
[ Crains New York | 2024-07-02 19:33:04 UTC ]
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Roughly 30 members of the Oxford University Press USA Guild held a strike outside the publisher's U.S. headquarters in Manhattan on June 18 over stalled contract negotiations and allegations of labor law violations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-18 04:00:00 UTC ]
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Digital media agency Goodway Group has been laying off employees across multiple teams in the past year as part of an ongoing reduction in its workforce, according to multiple sources who have been terminated. Continue reading at Digiday
[ Digiday | 2024-06-14 16:05:57 UTC ]
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Four years after two Minneapolis specialty bookstores were destroyed amid unrest following George Floyd's murder, Uncle Hugo’s Science Fiction Bookstore and Uncle Edgar’s Mystery Bookstore are thriving in their new locations. Their owner, Don Blyly, is also celebrating his 50th anniversary as a... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-30 04:00:00 UTC ]
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Enhancements to Amazon Publisher Cloud and debut of Signal IQ represent the triopolist’s latest adland overture. Continue reading at Digiday
[ Digiday | 2024-05-21 04:01:00 UTC ]
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Conde Nast chief revenue officer Pamela Drucker Mann announced her departure from the media company this morning, according to an internal memo shared by the company. Mann, who joined Conde Nast as the sales director for beauty at Jane magazine in 2005, has served as the... Continue reading at AdWeek
[ AdWeek | 2024-05-14 17:00:24 UTC ]
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