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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Apple said 12 of its employees were arrested last year for leaking corporate information to the outside world, according to an internal company memo that itself was leaked to Bloomberg reporters. Cupertino-based Apple is notoriously secretive, but the lengthy memo, posted recently to its... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2018-04-14 00:00:00 UTC ]
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Workshops and masterclasses are part of the plan for events in July's three-day 'Man Booker 50' celebration of a half-century of Man Booker Prize for Fiction awards. Tickets now are on sale. The post ‘Man Booker 50’ Celebration Features Stars, Commentary, Workshops appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-04-14 00:00:00 UTC ]
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Mammoth Screen has optioned TV rights to Strangeways (Pan Macmillan) by Neil Samworth, “a jaw-dropping, page-turning account of life in one of the country's most notorious jails” from a former prison officer. Continue reading at The Bookseller
[ The Bookseller | 2018-04-13 00:00:00 UTC ]
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To bring yourself up to speed on the conversation surrounding former FBI Director James Comey's new memoir, "A Higher Loyalty: Truth, Lies, and Leadership," you could read something in-depth and thoughtful about it, such as Michiko Kakutani's review in The New York Times.Or you could read... Continue reading at Advertising Age
[ Advertising Age | 2018-04-13 00:00:00 UTC ]
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The New York Rights Fair (NYRF) will become the official rights fair of BookExpo, starting this year. BookExpo’s rights center will move to NYRF, and BookExpo's rights oriented exhibitors will have the option to move to premium space at the NYRF. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-11 00:00:00 UTC ]
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The startup behind Opposing Views and social recipe site Cooking Panda confirmed it is shutting down in the wake of Facebook's recent algorithm changes. The post Onetime social publishing star Cooking Panda is shutting down appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-03-29 00:00:00 UTC ]
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Hachette Children’s Group has sold Enid Blyton into a 42nd language and is “on track” to hit 50 languages in two years’ time. Continue reading at The Bookseller
[ The Bookseller | 2018-03-27 00:00:00 UTC ]
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SpaceX and Tesla Chief Executive Elon Musk supported the call to #deletefacebook, as the Facebook pages of his two most prominent companies vanished Friday morning. Musk was not the first prominent name in technology to line up against Facebook in the wake of the widening Cambridge Analytica... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-03-24 00:00:00 UTC ]
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Hodder Children’s Books has bought the world English rights (excluding the ANZ region and North America) to a new picture book by Shaun Tan. Continue reading at The Bookseller
[ The Bookseller | 2018-03-16 00:00:00 UTC ]
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The digital imprint, acquired as part of Simon & Schuster’s purchase of Adams Media in 2016, is being closed, the publisher said, due to “changing consumer reading habits." Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-15 00:00:00 UTC ]
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Omitting Magazine of the Year in favor of new digital honors, the National Magazine Awards highlighted 104 finalists across 20 categories. The post New York and The New Yorker Dominate Ellie Awards Once Again appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-03-14 00:00:00 UTC ]
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Porter Square Books owners Dina Mardell and David Sandberg are selling half their stake in their Cambridge, Mass., bookstore to their senior staff members. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-14 00:00:00 UTC ]
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Faber & Faber publisher Mitzi Angel is leaving the press at the end of June to return to New York, where she will take up the role of senior vice president and publisher at her former firm Farrar, Straus and Giroux (FSG). Continue reading at The Bookseller
[ The Bookseller | 2018-03-09 00:00:00 UTC ]
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Facebook is expanding its test of a breaking news tag to more than 50 publishers in North America, Latin America, Europe and Australia, and product manager Joey Rhyu shared some data from the social network's initial test run in a blog post. According to Rhyu, from Dec. 8 through Jan. 14, posts... Continue reading at AdWeek
[ AdWeek | 2018-03-06 00:00:00 UTC ]
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Once a Facebook darling, LittleThings now looks like a case study for platform overreliance. The post Live by the algorithm, die by the algorithm: How LittleThings went from social publishing darling to shutting down appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-03-01 00:00:00 UTC ]
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LittleThings was more heavily dependent on Facebook than most publishers, making it especially vulnerable to the platform's recent news feed change. The post LittleThings shuts down, a casualty of Facebook news feed change appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-02-28 00:00:00 UTC ]
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Resurfacing many lesser-known Man Booker Prize for Fiction winners of the past, the Booker Foundation opens a crowdsourced competition to select the best of the best of 50 years. The post Readers to Choose ‘Golden Man Booker Prize’: 50 Years of Winners appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-20 00:00:00 UTC ]
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HarperCollins Children’s Books will mark this year’s 50th anniversary of Judith Kerr’s classic picture book The Tiger Who Came to Tea with new publishing and a series of events. Continue reading at The Bookseller
[ The Bookseller | 2018-02-06 00:00:00 UTC ]
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William Collins will publish a debut memoir from an award-winning New York Times journalist who spent a decade covering Hillary Clinton’s pursuit of the US presidency. Continue reading at The Bookseller
[ The Bookseller | 2018-01-25 00:00:00 UTC ]
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The New York office of the Frankfurter Buchmesse, together with Publishing Perspectives, will host the first two-day Children’s Books Salon in New York City on January 23–24, 2018. The post Frankfurter Buchmesse New York’s Inaugural Children’s Books Salon to Take Place January 23-24 appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-18 00:00:00 UTC ]
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