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 an interview with TMZ on Sunday, Matt Barnes was questioned about his relationship with Rihanna. "Rihanna is my friend right now, so we'll see where it goes," Barnes said. Barnes went on to say that there "possibly" could be a future with her, adding that they're "just past the crush stage."... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-08-18 00:00:00 UTC ]
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The New York Times Co. posted second-quarter profit that topped analysts' estimates after the publisher cut expenses faster than revenue declined.Earnings excluding some items were 13 cents a share, the New York-based company said in a statement. That compares with the 11-cent average of... Continue reading at Advertising Age
[ Advertising Age | 2015-08-06 00:00:00 UTC ]
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The London-based literary agency expects the new location to open up shop on September 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-31 00:00:00 UTC ]
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Andrew Nurnberg Associates will open a new office in Warsaw, to be run by Marcin Biegaj, currently senior agent and sales director at the Graal Literary Agency. The opening follows a decision by Andrew Nurnberg Associates and Warsaw's BookLab Literary Agency to part company. BookLab – run... Continue reading at The Bookseller
[ The Bookseller | 2015-07-31 00:00:00 UTC ]
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Despite a name change and efforts to reposition itself, Entitle, launched as an ebook subscription service in 2013, is closing down its operations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-21 00:00:00 UTC ]
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The company has signed a 16-year lease to take over the entire fifth through eighth floors in the High Street Tower. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-09 00:00:00 UTC ]
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Items that inspired 'Mary Poppins,' given by P.L. Travers herself, are on view at the Children's Center of the main branch of the New York Public Library. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-07-09 00:00:00 UTC ]
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Eric Ligman, Microsoft Director of Worldwide Partner Experience is once again giving away a large collection of useful eBooks covering widely used products including Windows 8 and 8.1, Windows 7, OneNote, Skype, Office 2013, Office 365, Azure, and Lync 2013. Since his last mega giveaway, Eric... Continue reading at Betanews
[ Betanews | 2015-07-08 00:00:00 UTC ]
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The New Zealand Book Awards will return in 2016 with an annual fiction prize of $50,000, it has been announced. Continue reading at Stuff
[ Stuff | 2015-07-06 00:00:00 UTC ]
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Facebook can drive a lot of traffic to publishers, but the knock is that a lot of it is fly-by traffic. The Times is using a startup, KeyWee, to find subscribers among the casual readers, though. KeyWee comes up with keywords for articles and then targets the articles to Facebook users who are... Continue reading at Digiday
[ Digiday | 2015-07-02 00:00:00 UTC ]
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Passwords are, by many accounts, quickly going the way of the dodo. And while many sites now allow users to log in via social media, they're not always a viable option. That's why (as an alternative to logging in via Facebook or Twitter) blog-publish... Continue reading at Engadget
[ Engadget | 2015-06-30 00:00:00 UTC ]
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Labour peer Baroness Tessa Blackstone called on civil servants and politicians to make proper use of the evidence-based work of social scientists in their policy decisions, in a speech last night (Thursday 25th June) at an event to celebrate SAGE's 50th anniversary. Continue reading at The Bookseller
[ The Bookseller | 2015-06-27 00:00:00 UTC ]
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ALA joins a chorus of Internet and tech businesses in questioning a proposal to establish the U.S. Copyright office as its own independent agency. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-15 00:00:00 UTC ]
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Fifty Shades of Grey author E L James will sign copies of the new book in the series, Grey (Arrow), at Barnes & Noble in New York City on the book's release date next Thursday (18th June). It will be the author’s only New York City book signing appearance for the novel, which will be... Continue reading at The Bookseller
[ The Bookseller | 2015-06-12 00:00:00 UTC ]
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At the end of 2014, after a groundswell of media attention and public protests, New York Public Library officials abandoned a controversial renovation dubbed the Central Library Plan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-12 00:00:00 UTC ]
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AAP officials have called the proposal "a critical first step" toward modernizing the Copyright Office, but a coalition of Internet companies are less enthused. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-12 00:00:00 UTC ]
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Anne Roiphe, a major voice in feminist lit, reflects on her 50-year writing career as her 10th novel is published. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-11 00:00:00 UTC ]
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With competition from Netflix and a host of new digital video providers, the television industry has undergone seismic changes over the last five years. But one thing has remained constant: TV is still by far the most effective advertising medium. That's the finding of a new study Turner... Continue reading at AdWeek
[ AdWeek | 2015-06-09 00:00:00 UTC ]
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On Saturday, former 'Office' co-stars B.J. Novak and Mindy Kaling reunited on stage to kick off the second annual BookCon in front of a packed and boisterous crowd. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-05-30 00:00:00 UTC ]
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Adam Silvera, whose first novel, "More Happy Than Not," is due from SohoTeen June 2, is a native New Yorker, a former bookseller, and a frequenter of some Manhattan book lovers’ attractions that he reveals to BEA attendees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-05-27 00:00:00 UTC ]
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