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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Larry Burstein, who has served as publisher of New York magazine for the last 13 years, is leaving that role, he announced in a memo to staff Friday morning.Mr. Burstein was on his third term as a New York magazine employee -- he worked as an account executive in the early 1980s, returned in... Continue reading at Advertising Age
[ Advertising Age | 2016-11-04 00:00:00 UTC ]
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The 'New York Times Book Review' has revealed the 10 titles on its 64th annual list of Best Illustrated Children's Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-03 00:00:00 UTC ]
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Time Inc. is finally leaving midtown Manhattan. The company will vacate an office space at 135 West 50th Street "before the end of the year," a company spokeswoman confirmed to Ad Age.Last year, Time Inc. left the iconic Time & Life Building in Rockfeller Center for a shiny new office... Continue reading at Advertising Age
[ Advertising Age | 2016-11-01 00:00:00 UTC ]
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In her first major move, Librarian of Congress last week Carla Hayden removed Maria Pallante as Register of Copyrights. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-28 00:00:00 UTC ]
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As part of Keywee's efforts to bring together the New York publishing community, we are teaming up with The New York Times and Digiday to discuss how The Times approaches topics like audience development, reader engagement, and content distribution, as well as trends in digital publishing. We... Continue reading at Digiday
[ Digiday | 2016-10-26 00:00:00 UTC ]
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Authors including Joanne Harris (pictured), Kathy Lette and Robert Harris have slammed proposals to shut the library in Hay-on-Wye as “blasphemous” and “disastrously short sighted”. Continue reading at The Bookseller
[ The Bookseller | 2016-10-25 00:00:00 UTC ]
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After reiterating its position on biblical sexuality, the college campus ministry InterVarsity Christian Fellowship/USA, including its publishing arm InterVarsity Press, is asking staff members to agree with its opposition to gay marriage or face “involuntary termination.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-19 00:00:00 UTC ]
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This year's New York Comic Con featured plenty of children's comics – and plenty of children. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-13 00:00:00 UTC ]
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The U.S. manga market marked its third straight year of sales growth and optimism about the category was reflected at New York Comic Con in programming and artist appearances offered by publishers such as Viz Media, Kodansha and Yen Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-13 00:00:00 UTC ]
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Despite a rise in attendance at New York Comic Con to a record 180,000, the show floor remained orderly. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-12 00:00:00 UTC ]
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Newspaper’s title is changed in a revamp aimed at testing whether it can turn a profit as its publishing company continues to build a digital audience Overnight, the International New York Times has become The New York Times International Edition. The change of title is accompanied by a new... Continue reading at The Guardian
[ The Guardian | 2016-10-12 00:00:00 UTC ]
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PW hit the floor at the Jacob Davits Convention Center to capture the 150,000-fan strong event. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-11 00:00:00 UTC ]
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At New York Comic Con, Diamond Comics Distributors report 2016 sales are up slightly; and industry analyst and ICv2 CEO Milton Griepp surveyed 40 years of retail disruption in the comics market and speculated on the possibility of a 'Fifth Disruption." Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-07 00:00:00 UTC ]
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An offbeat look at the carpets adorning the UK’s largest chain of pubs, Kit Caless' Spoon’s Carpets: An Appreciation has the feel of a festive bestseller, says Caroline Sanderson. Continue reading at The Bookseller
[ The Bookseller | 2016-09-30 00:00:00 UTC ]
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The little theater attached to the library in the town of Georgetown, Ontario, about a 45-minute drive west of downtown Toronto, is named for John Elliott, the father of Brenda Sisnett, president, CEO, and owner of the Georgetown Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-23 00:00:00 UTC ]
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The Kirkus Prizes, which at $50,000 each are among the most lucrative literary prizes in the country, announced their finalists Tuesday morning. The awards, sponsored by the book review magazine Kirkus Reviews, are given in three categories: fiction, nonfiction and young readers' literature.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-09-20 00:00:00 UTC ]
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This year's New York Comic Con will aim to accommodate the ever-increasing number of attendees with more events, programs, and additional venues. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-16 00:00:00 UTC ]
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While the award aims for ever greater inclusivity, one of the newer rules closes the competition to some of the very best writing in EnglishMan Booker 2016 shortlist announced: UK, Canadian and US authors dominateIn 2013, back when I was working for independent Dublin publisher The Lilliput... Continue reading at The Guardian
[ The Guardian | 2016-09-14 00:00:00 UTC ]
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The Denver Broncos rekindled memories of Super Bowl 50. But it was another 50 that would haunt the Carolina Panthers on Thursday night — a miss by kicker Graham Gano on a 50-yard field-goal attempt that fluttered wide left and preserved a 21-20 victory for the Broncos in the NFL’s Kickoff Opener... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-09-09 00:00:00 UTC ]
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Additionally, Women's Health publisher Laura Frerer-Schmidt promoted to oversee corporate sales. The post Rodale Names Beth Buehler Chief Operating Officer appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-09-09 00:00:00 UTC ]
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