Paramount is laying off 15 percent of its US workforce, according to reporting by Deadline. This follows a lean second quarter earnings report in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people. “The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo. Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though the company’s legal and finance arms will also face cuts. Paramount already laid off three percent of its workforce back in February, and this was after a three percent increase in revenue growth that was largely credited to its streaming and film businesses. So, a three percent increase of revenue translated to a three percent reduction of Paramount’s workforce and missing revenue expectations by around four percent is leading to layoffs accounting for 15 percent of company employees. Workers can’t catch a break. All of these layoffs are likely being used to clear the runway, so to speak, for the forthcoming merger with Skydance. The merger was announced back in June and will soon head to the regulatory review process. Paramount has also been raising prices for its streaming service... Continue reading at 'Engadget'
[ Engadget | 2024-08-13 15:31:20 UTC ]
News tagged with:
#streaming service
#regular people
#expected $7
#industry continues
#inflection point
#staff memo
#finance arms
#revenue growth
#largely credited
#film businesses
#revenue translated
#announced back
#raising prices
#corporate executives
#libraries
US publisher will cut staff as 'cost-saving initiative' while row with Amazon continues to hamper ability to sell booksHachette, the multinational book publisher embroiled in a public spat with Amazon, announced that it will be laying off about 3% of its staff on Thursday."Today, we had to make... Continue reading at The Guardian
[ The Guardian | 2014-06-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#future growth
#changing marketplace
#book publisher
Mama Mia! Here we go again! My, my! How can we resist? Booksellers might want to take a chance on Weldon Owen this week by visiting booth 1550 and dropping off their business cards. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#business cards
#weldon owen
In 2014, BookExpo America will play host to 15 countries that did not participate in the 2013 show. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookexpo america
Inkling, a multimedia publishing platform, has laid off about 25% of its workforce after refocusing its business model from consumer ebook sales to a business enterprise model. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#business model
Jodi Rosoff has joined Grand Central Publishing as publicity and marketing director, Forever & Forever Yours. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-04-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#marketing director
Mark Driscoll, who recently weathered plagiarism charges, has made headlines once again, this time for hiring a company that manipulates bestsellers lists. Now the Seattle pastor is stepping back from his writing career to focus on his church. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#writing career
#stepping back
#seattle pastor
#made headlines
#mark driscoll
#driscoll drama
The Cooperative Children's Book Center of the University of Wisconsin – Madison found that of the new children's books they received at their center, less than 3 percent focused on black people and even fewer were by black authors (about 2 percent, according to the CCBC.) Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-03-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#black authors
#black people
#book center
#cooperative children
Tokyo is known for its legendary street style and a new book by photographer Thomas Card captures the best of it.Tokyo is known for its legendary street style, where hyper-stylized fashion tribes, from Yamanba to cosplay to Lolita, don elaborate outfits. NYC-based photographer Thomas Card spent... Continue reading at Fast Company
[ Fast Company | 2014-03-13 00:00:00 UTC ]
More news stories like this |
Portland's Tin House Press, born out of the eponymous magazine, continues to foster a community of engaged readers interested in eclectic small press publishing. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-03-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#tin house
A group of the world's leading press freedom bodies is calling on prime minister David Cameron to distance himself from the investigation into The Guardian over the leaks by the NSA whistleblower Edward Snowden.The seven organisations also want Cameron to urge parliament to repeal the statute... Continue reading at The Guardian
[ The Guardian | 2014-02-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#press freedom
From explaining what 'juggalo' means to recipes for sweet potato bourbon noodle kugel, the website's guide is well worth a visitNo, not the Coco Chanel kind of style; the other kind: the writing and editing style that newspapers and websites follow to maintain accuracy, clarity and consistency.... Continue reading at The Guardian
[ The Guardian | 2014-02-05 00:00:00 UTC ]
More news stories like this |
I had the luck to have two books published by Tom Rosenthal. He combined the sharpest of editorial eyes and a penetrating critical intelligence with warm encouragement and support. Working with him, I got to know and love an exceptional personality. But, as I discovered, beneath his powerful,... Continue reading at The Guardian
[ The Guardian | 2014-01-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#young daughter
Magazines saw combined ad units for print and tablet products grow 6 percent in 2013, according to a joint study by Kantar Media and the MPA—The Association for Magazine Media. Measuring 69 publications that have both print and tablet products, the report found tablet unit sales up 16 percent... Continue reading at Folio Magazine
[ Folio Magazine | 2013-12-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#magazine media
#kantar media
The turn-the-page Web catalog—tested widely in the 2000s as an alternative to e-commerce sites—once looked like an emerging shopping platform led by now-defunct tech providers such as RichFX. But the concept died on the proverbial vine. With the massive proliferation of tablets, however, the... Continue reading at AdWeek
[ AdWeek | 2013-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#device level
In a recent survey by the Pew Research Center, 54 percent of respondents said libraries aren't as necessary as they once were when it comes to finding information. However, 94 percent said a library improves a community's quality of life. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-12-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#recent survey
As it continues its transition from a traditional publisher to a provider of knowledge and knowledge-enabled services, John Wiley said it recorded a $15 million restructuring charge in the second quarter of fiscal 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-12-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#john wiley
#traditional publisher
On December 11, the German Book Office New York will celebrate 15 years promoting German literature in North America and connecting the German and American publishing industries. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-12-10 00:00:00 UTC ]
More news stories like this |
News Corp, the recently spun off publishing side of Rupert Murdoch’s media empire, reported that its revenue fell in the first quarter of its fiscal 2014, due to lower advertising revenue and foreign exchange fluctuations. The company re ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-11-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#media empire
#rupert murdochrsquo
#revenue fell
He's the people's paparazzo: a photographer who gathers the stories and portraits of New Yorkers on the streets and subways, in playgrounds and shady alleyways, parading, dancing, or wading in wedding dresses at Brighton Beach. Brandon Stanton, who founded the irresistible blog Humans of New... Continue reading at Fast Company
[ Fast Company | 2013-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#homo sapiens
Print still plays a role, but Hanley Wood has committed to a future based on digital media, data services and events. Continue reading at Folio Magazine
[ Folio Magazine | 2013-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#hanley wood