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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Slate finds a new CRO, Deadspin's senior editor moves to Fusion.net, and much more... The post T: The New York Times Magazine Names Editor-in-Chief | People on the Move — 04.06.17 appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-06 00:00:00 UTC ]
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BolognaFiere, the organisers of Bologna Children’s Book Fair, is set to launch a new copyright trade and licensing show in New York City in spring 2018. Continue reading at The Bookseller
[ The Bookseller | 2017-04-05 00:00:00 UTC ]
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Fears for the status of staff from EU member states has emerged as the “overwhelming” concern for the UK book trade, as it grapples with the realities of Brexit in the week Article 50 was triggered. Continue reading at The Bookseller
[ The Bookseller | 2017-03-31 00:00:00 UTC ]
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In the battle of 1990s nostalgia, Lionsgate and Saban Entertainment’s mighty morphin’ “Power Rangers” was no match for Disney’s “Beauty and the Beast.” The live action remake starring “Harry Potter’s” Emma Watson pulled in an estimated $88 million in the U.S and Canada in its second week, meeting... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-03-26 00:00:00 UTC ]
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As Frank Lampard, George Galloway and Cara Delevingne land big-money book deals, established writers look on from the fringes – or turn away altogether Another day, another celebrity announces they are to “pen” a children’s book. Already this week, Jamie Lee Curtis has announced a... Continue reading at The Guardian
[ The Guardian | 2017-03-22 00:00:00 UTC ]
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Ingram Content Group has named two new executive officers to its leadership team: Kelly Arnold, who will serve as chief legal officer, and Deanna Steele, who will serve as chief information technology officer. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-22 00:00:00 UTC ]
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The exacting editor of the high-brow magazine was a legend on the New York literary scene. Continue reading at BBC News
[ BBC News | 2017-03-21 00:00:00 UTC ]
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Canbury Press is to host a gala evening to "celebrate the contribution of Europeans to the UK" as prime minister Theresa May prepares to trigger Article 50. Continue reading at The Bookseller
[ The Bookseller | 2017-03-21 00:00:00 UTC ]
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Jimmy Breslin, the street-savvy, Pulitzer Prize-winning newspaper columnist whose two-fisted prose championing the little guy and pillorying those who betrayed the public trust made him a New York City institution for more than 40 years, died Sunday. He was 88. Breslin, who also turned out a... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-03-19 00:00:00 UTC ]
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After a month of voting, Chimamanda Ngozi Adichie’s acclaimed novel was picked as the winner in the One Book, One New York program. The program promotes the reading of a single work by residents in all five boroughs of the city. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-16 00:00:00 UTC ]
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Mental Floss co-founders stepping down, VPs of communications named at People and EW, and more... The post New York Media Names New CRO and Publisher | People on the Move — 03.08.17 appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-08 00:00:00 UTC ]
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At a luncheon in Manhattan yesterday, 'New York Times Book Review' editor Pamela Paul, who oversees all books coverage at the 'New York Times,' laid out the newspaper's vision for the future of its newly-unified books desk. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-02 00:00:00 UTC ]
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Snapchat is the muse of virtually every app right now. Everybody from Instagram to Tinder is borrowing ideas from the platform, and now it's Medium's turn. Today, the self-publishing site is introducing a new feature for its mobile app called Series,... Continue reading at Engadget
[ Engadget | 2017-03-02 00:00:00 UTC ]
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John Smith & Sons Group has done a new deal with York St John University for its Aspire Bursary Management scheme. Continue reading at The Bookseller
[ The Bookseller | 2017-02-28 00:00:00 UTC ]
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New York City's new reading initiative, which will encourage residents of each of the five boroughs to read the same book, will close its online polls on March 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-28 00:00:00 UTC ]
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Lion Hudson's former head of European sales, Andrew Wormleighton, has set up a new company Lion Sales Services to represent the Lion Hudson list. Continue reading at The Bookseller
[ The Bookseller | 2017-02-21 00:00:00 UTC ]
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In what may have been the industry's biggest-ever team-building program, more than 1,400 Penguin Random House employees took part in PRH’s first Company Week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-10 00:00:00 UTC ]
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Amid widening activities, German Book Office New York is renamed Frankfurt Book Fair New York, and Kathrin Grün is named the fair's chief of public relations and communications. The post GBO NY now is Frankfurt Book Fair New York; Grün Made Head of Frankfurt PR, Communications appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-02-07 00:00:00 UTC ]
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A French novel set in Japan over 1,100 years ago has been a bestseller in France since its January publication. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-07 00:00:00 UTC ]
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New York City has announced its One Book, One New York program, which will encourage residents of each of the five boroughs to read the same book once the title is announced in March. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-01 00:00:00 UTC ]
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