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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In a bid to stimulate readership, the Czech government this month begins letting companies issue a tax-deductible book allowance to employees, warming hopes of rising sales for Czech Booksellers and Publishers' Union members. The post New in 2018: The Czech Republic Inaugurates a Tax-Deductible... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-11 00:00:00 UTC ]
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Author-illustrator duo David Walliams and Tony Ross claim nine of the top 50 titles of 2017 in a year of growth propelled mostly by strength in depth. Continue reading at The Bookseller
[ The Bookseller | 2018-01-05 00:00:00 UTC ]
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Penguin Random House UK has signed an "Agreement for Lease" for a new London office, One Embassy Gardens. Continue reading at The Bookseller
[ The Bookseller | 2017-12-16 00:00:00 UTC ]
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The opening keynote speakers for PubTech Connect 2017 are two of the people leading the forward looking efforts at the 'Times': assistant editor Sam Dolnick and editor of the 'New York Times Book Review' Pamela Paul. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-14 00:00:00 UTC ]
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Ads.txt is showing publishers that domain spoofing remains a big problem for their video ad businesses. The post Study: Top publishers like The New York Times and The Washington Post lose $3.5 million a day to domain spoofing appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-12-12 00:00:00 UTC ]
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Facebook has been publicly searching for a solution to harassment, hate speech and bullying on the site for years -- and at the same time, less publicly, the company has been honing its internal approach to these subjects. Today, Facebook published i... Continue reading at Engadget
[ Engadget | 2017-12-09 00:00:00 UTC ]
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With Facebook and Google controlling the vast majority of digital ad revenue, all industry eyes are on which media companies perform best on those platforms. For Facebook, the rankings are always a yo-yo, with publishers’ engagement waxing and waning along with the frenetic news cycle and... Continue reading at Fast Company
[ Fast Company | 2017-12-08 00:00:00 UTC ]
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Penguin Random House’s chief financial officer (CFO) in the US, Milena Alberti, is leaving the company at the end of this year. Continue reading at The Bookseller
[ The Bookseller | 2017-12-02 00:00:00 UTC ]
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The new imprint, which will focus on museum and exhibitions publishing, will launch in collaboration with new Rizzoli parent company Mondadori Electa in January 2018, and will replace the recently dissolved Skira Rizzoli imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-01 00:00:00 UTC ]
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ESPN is laying off about 150 employees, including people who work in studio production, digital content and technology, the sports company said Wednesday. The cuts, which are the latest sign of the financial pressures the Bristol, Conn.-based operation faces, follow a round of layoffs in April... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-30 00:00:00 UTC ]
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Digital media company BuzzFeed said it is laying off 8% of its U.S. employees, or 100 workers, as it changes its business model in a bid to boost revenue. It's also cutting an unspecified number of jobs in Britain. The company has 1,700 employees worldwide. A spokeswoman for New York-based... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-29 00:00:00 UTC ]
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Microsoft has long sold its Surface devices on the idea that they can double as digital notebooks; laptops one minute, journals the next thanks to their detachable displays and styli. (Heck, the Surface Book has a "Clipboard" mode.) With today's Mole... Continue reading at Engadget
[ Engadget | 2017-11-27 00:00:00 UTC ]
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The Society of Authors is selling its offices in London with a price tag of £8.5m, saying the buildings are no longer “fit for purpose” because the organisation has grown. Continue reading at The Bookseller
[ The Bookseller | 2017-11-21 00:00:00 UTC ]
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The Atlantic.com taps a new deputy editor, Esquire names new literary editor, and more... The post Crain’s New York Business Names Mary Kramer Group Publisher | People On the Move appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-11-21 00:00:00 UTC ]
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Hearst began as a newspaper giant but over the years has diversified into broadcasting, consumer magazines and technology. That mix has helped keep the firm atop the Crain’s list of largest... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2017-11-12 00:00:00 UTC ]
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If you want to get your head in the cloud and get up to speed on the features in Office 365, you've come to the right place. Inside Microsoft Office 365 For Dummies, 2nd Edition, you'll learn step by step how to use email, take advantage of SharePoint Online for collaboration, communicate with... Continue reading at Betanews
[ Betanews | 2017-11-02 00:00:00 UTC ]
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The prize used to champion unknowns and outsiders. But a 2014 rule change has cemented the neo-colonial cultural dominance of the US and the UKThe upstairs room of an indie bookstore. A book launch for a local author. Crisps and wine are being handed out, a buzz is in the air, congratulations... Continue reading at The Guardian
[ The Guardian | 2017-10-16 00:00:00 UTC ]
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Publishers Weekly has all the news about and from New York Comic Con 2017—including daily updates, podcasts and more. We have exclusive interviews, photos and all the rest of the action from the beginning of the show until the end, all collected right here. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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New York Comic Con attracted a record crowd of 200,000 to the Javits Convention Center and a variety of venues around New York City, including the New York Public Library, for a week of presentations and events celebrating comics, graphic novels and a wide range of popular culture. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-12 00:00:00 UTC ]
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Last March, publishing platform Medium introduced its Partner Program, a Netflix-style subscription model that gave members exclusive pieces of writing, access to features before anyone else, an offline reading list and an ad-free experience. The pro... Continue reading at Engadget
[ Engadget | 2017-10-11 00:00:00 UTC ]
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