Palm Coast Data to Lay Off Staff, Outsource Services and Vacate HQ

Magazine fulfillment services provider Palm Coast Data will lay off up to 150 of its 400 employees, outsource some key operations to competitor CDS Global and leave its Northeast Florida headquarters for a smaller facility in the region by mid-August. The news comes shortly after the conclusion of a six-month dispute between PCD's former owner, AMREP Corp., and its current one, Ireland-based media company and former client Studio Media Group, which acquired PCD from AMREP in April 2019. Under the terms of that deal, AMREP maintained ownership of PCD's two existing facilities in Palm Coast, Fla., entering into a ten-year lease agreement with Studio Media Group which essentially turned PCD's former owner into its new landlord. In December, a subsidiary set up by AMREP to manage the properties filed a civil suit against PCD and Studio Media, accusing PCD of failing to pay its rent on time and seeking to have the company evicted from the properties, according a complaint filed in a Florida circuit court. In a subsequent January filing, Studio Media responded by accusing AMREP of concealing liabilities and "fraudulently misrepresenting" PCD's financial standing prior to the sale, claiming they never would have made the acquisition had they known "the true state of facts surrounding Palm Coast." The two sides settled out of court in May, with PCD agreeing to vacate the facilities by August 15 at the latest. In a memo dated May 19, CEO John Meneough informed PCD staffers that... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-16 15:17:21 UTC ]
News tagged with: #leadership team #york magazine #previously ceo #interim basis #magazine publisher #hearst

Other Publishing stories related to: 'Palm Coast Data to Lay Off Staff, Outsource Services and Vacate HQ'


Palm Coast Data to Lay Off Staff, Outsource Services and Vacate HQ

Magazine fulfillment services provider Palm Coast Data will lay off up to 150 of its 400 employees, outsource some key operations to competitor CDS Global and leave its Northeast Florida headquarters for a smaller facility in the region by mid-August. The news comes shortly after the conclusion... Continue reading at Folio Magazine

[ Folio Magazine | 2020-06-16 15:17:21 UTC ]
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Palm Coast Data Sold to Irish Magazine Publisher for $1 Million, Plus Rent

Palm Coast Data (PCD), the Florida-based provider of subscription and ecommerce fulfillment services to magazine publishers including F+W Media, MotorTrend Group and New York Media, has been sold by former longtime owner AMREP Corp. in exchange for $1 million in cash. The buyer, Studio... Continue reading at Folio Magazine

[ Folio Magazine | 2019-05-08 00:00:00 UTC ]
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IDG Enterprise Marries First, Third-Party Data With Launch of Premium Data Services

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[ Folio Magazine | 2012-06-15 00:00:00 UTC ]
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Humble Games reportedly lays off its entire staff

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[ Engadget | 2024-07-23 21:43:10 UTC ]
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Oregon weekly newspaper to relaunch print edition after theft forced it to lay off its entire staff

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G/O Media Shutters Jezebel, Lays Off Staff and Editorial Director Merrill Brown

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Outside Inc. Lays Off 15% of Staff as It Transitions to Digital

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Binc Adding Staff to Service Demand

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Hanley Wood Lays Off Staff and Cuts Salaries, Citing COVID-19 Decline

Hanley Wood, the D.C.-based B2B media company serving the real estate, residential design and construction sectors, laid off several employees last week and implemented salary reductions for others, multiple sources tell Folio:. A Hanley Wood rep declined to provide details, but confirmed the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-19 13:43:21 UTC ]
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Group Nine Media Lays Off 7% of Staff

Group Nine Media, whose digital media properties include PopSugar, The Dodo and NowThis, laid off dozens of employees, or 7% of its more than 700-person staff, across the company. It's the latest publisher to take drastic action as COVID-19 has drastically altered the media landscape. As the... Continue reading at AdWeek

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Bustle Digital Group Lays Off Staff of The Outline as Part of Broader Cuts

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Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Skyhorse Lays Off Nearly Third of Staff

A rapid decrease in sales caused by the new coronavirus and the decision to delay the publication of some titles has caused Skyhorse to let go about 30% of its staff. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-24 04:00:00 UTC ]
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HQ snaps up insider's account from David Cameron’s former deputy chief of staff

HQ has acquired the debut non-fiction book from Kate Fall, David Cameron’s former deputy chief of staff, to provide "an insider’s account of life at the heart of Number 10". Continue reading at The Bookseller

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BuzzFeed to lay off 200 staff in latest round of cuts

Online publisher announces job losses to shore up finances as Verizon unveils plan to sack 800 workersBuzzFeed has announced plans to lay off hundreds of staff, as digital media firms struggle to turn a profit while dealing with the same financial issues that have plagued traditional publishers... Continue reading at The Guardian

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Competitor Running Shutters Print Edition, Lays Off Staff

After 30 years, the magazine is shutting down its monthly print issue, per multiple reports, with the November edition as its last. The post Competitor Running Shutters Print Edition, Lays Off Staff appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-10-18 00:00:00 UTC ]
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Editions de la Martiniere lays off 10 staff

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OUP outsources technology services triggering job consultations

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Digital and Data Drive Growth in Fulfillment Services

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[ Folio Magazine | 2016-03-04 00:00:00 UTC ]
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Google snaps up staff from Oyster's soon-to-close ebook service

Oyster's experiment with a Netflix-like subscription service for ebooks appears to be coming to a close... at least, in its current form. The startup is warning customers that it will shut down its all-you-can-read service over the course of seve... Continue reading at Engadget

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