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 ]
This one's for all of the readers going back to colleges and universities who want to get to know what those libraries can offer. Continue reading at Book Riot
[ Book Riot | 2019-09-14 10:32:24 UTC ]
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Simon & Schuster Children’s UK is partnering with specialist book suppliers Peters to launch the ‘Love Your Library’ campaign, supported by the Great School Libraries campaign, the School Library Association, CILIP and CILIP’s School Libraries Group. Continue reading at The Bookseller
[ The Bookseller | 2019-09-11 18:20:15 UTC ]
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For the most part, humanism was a literary and philosophical movement focused on books and texts. Itinerant scholars such as Poggio Bracciolini traveled far and wide in an effort to locate lost ancient works that might be hidden away in the monastic libraries of Europe. Seeking out the most... Continue reading at Literrary Hub
[ Literrary Hub | 2019-09-10 08:48:53 UTC ]
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An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot
[ Book Riot | 2019-09-06 10:30:08 UTC ]
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Libraries Connected has secured £342,000 in funding from Arts Council England to develop a new training programme supporting potential female and BAME leaders. Continue reading at The Bookseller
[ The Bookseller | 2019-08-28 11:24:48 UTC ]
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Curious about the most popular books in libraries that maybe are under the radar? Dig into the data that Panorama Picks offers up for Spring circulation. Continue reading at Book Riot
[ Book Riot | 2019-08-28 10:33:14 UTC ]
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Awesome daily roundup of the most interesting bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2019-08-19 10:30:38 UTC ]
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Why the tension between libraries and publishers is ramping up in the e-book market—and why we must tamp it down. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-16 04:00:00 UTC ]
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Foyles is entering the housing sector by partnering with property developer Elysian Residences for specially curated libraries in their retirement homes. Continue reading at The Bookseller
[ The Bookseller | 2019-08-11 13:23:15 UTC ]
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If you needed yet another reason to love libraries: they help during heatwaves. Libraries in Missouri, New York, Pennsylvania, California, ... Continue reading at Book Riot
[ Book Riot | 2019-07-28 10:31:48 UTC ]
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The romance genre has all but disappeared from films, so now several cable and streaming outlets have claimed it for themselves. The latest to jump on board is Amazon Prime Video. The streaming service will soon air Modern Love, a new anthology series debuting Oct. 18 that features eight... Continue reading at AdWeek
[ AdWeek | 2019-07-28 00:59:10 UTC ]
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Critical Linking is a daily roundup of the most interesting bookish links from around the web sponsored by Libro.fm. “This ... Continue reading at Book Riot
[ Book Riot | 2019-07-21 10:30:01 UTC ]
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As library e-book issues gain urgency, the OverDrive funded effort to measure the impact of libraries on authors and publishers taps industry vet Guy LeCharles Gonzalez to take the project to the next level. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-19 04:00:00 UTC ]
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Canongate has joined forces with audio publisher Bolinda to make its audiobooks available to libraries in a new partnership. Continue reading at The Bookseller
[ The Bookseller | 2019-07-18 10:30:26 UTC ]
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Both the United States-based Rakuten OverDrive and the UK-based Nielsen Book are named today as new partners for CILIP in Libraries Week 2019. The post Nielsen Book and Rakuten OverDrive Named Supporters of the UK’s Libraries Week appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-17 08:10:12 UTC ]
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Nielsen Book has joined forces with library and information association CILIP to sponsor its reading campaign alongside National Libraries Week in a new two-year partnership. Continue reading at The Bookseller
[ The Bookseller | 2019-07-16 17:15:51 UTC ]
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Streaming services love pluses. Just take a look at the number of companies that have tacked the "+" sign onto the ends of their new OTT services. There's Apple, which in March announced Apple TV+, an ad-free subscription add-on to its digital media player Apple TV that will have original... Continue reading at AdWeek
[ AdWeek | 2019-07-16 12:00:05 UTC ]
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In his op-ed for Forbes last year, Panos Mourdoukoutas, a professor of economics at LIU Post in New York, suggested that Amazon stores should replace libraries to save taxpayers money. Following the backlash this preposterous suggestion created, Forbes took the article down. But the outpouring... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-12 08:48:09 UTC ]
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A coalition of some 44 public libraries across Washington state is organizing a six-month boycott of Blackstone Publishing's digital audiobooks after the publisher announced last month that it would withhold new release audio titles from libraries for 90 days. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-12 04:00:00 UTC ]
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The digital content market for libraries is about to get even more unsettled; Elsevier cuts off researchers at the University of California; and librarians gear up for the 2020 census. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-12 04:00:00 UTC ]
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