At least 14 employees have been laid off at SourceMedia, the b2b publisher serving the financial, technology, and healthcare sectors, according to an internal memo obtained by Folio:. The cuts—which appear to range from the senior level down to middle management—arrive about four months after Gemma Postlethwaite took over as the third CEO in the company's 14-year history, succeeding Doug Manoni, who recently stepped down after eight years in the role. Departments impacted include editorial, sales, events, and facilities. SourceMedia declined to comment. The company held an all-hands meeting at its New York headquarters last week "to discuss the direction of the organization," according to one source familiar with the situation. Among those let go were senior VP Jim Callan, who had been with the company since its formation and most recently served as group publisher of Employee Benefit News, Employee Benefit Adviser, and Health Data Management. Going forward, his duties will be split by Kurt Kriebel and Rich West, who were each elevated to publisher. Also affected by the cuts was VP Paul Vogel, another company veteran, who most recently headed up SourceMedia's in-house content studio. "I would like to thank all employees who are leaving for their years of service and wish them well in their future endeavors," wrote Postlethwaite in the memo. The layoffs, which some sources speculate arrive amid pressure from equity backer Observer Capital to trim costs, cap off a bumpy 12... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-08-08 00:00:00 UTC ]
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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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An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot
[ Book Riot | 2020-06-14 10:30:00 UTC ]
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Writers including Malorie Blackman and Nikesh Shukla have urged writers of colour not to give up and that their stories matter, as the #PublishingPaidMe hashtag took off over the weekend to illustrate the disparity between the advances paid by publishers to non-Black authors versus Black authors. Continue reading at The Bookseller
[ The Bookseller | 2020-06-08 10:07:04 UTC ]
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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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Condé Nast is laying off "just under 100" staffers in the U.S. as part of a larger cost-cutting effort at the company, CEO Roger Lynch said Wednesday morning. In a staff memo obtained by The Daily Beast's Maxwell Tani, Lynch said the cuts are concentrated in "specific areas where we could bring... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-13 14:49:32 UTC ]
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Need an incentive to stay at home during the pandemic? How about a months-long game backlog that includes some classics? Square Enix is happy to oblige. The publisher has released a Square Enix Eidos Anthology on Steam that bundles 54 Eidos games for... Continue reading at Engadget
[ Engadget | 2020-05-11 13:20:20 UTC ]
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Claudia Winkleman's debut book Quite has been snapped up by HQ following a 14-publisher auction. Continue reading at The Bookseller
[ The Bookseller | 2020-05-06 14:55:00 UTC ]
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Penguin is publishing a series of essays from a number of its leading authors, offering their response to Covid-19. Continue reading at The Bookseller
[ The Bookseller | 2020-04-20 02:32:56 UTC ]
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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
[ AdWeek | 2020-04-07 20:39:10 UTC ]
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Diamond Distributors founder Steve Geppi outlined the terms under which the distributor of comics, graphic novels, and prose books would resume payments to publishers and other vendors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-07 04:00:00 UTC ]
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Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
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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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A beauty pageant, a boarding school, a trip to Paris, and more. Break out that TBR and get the best of April 2020 YA book releases! Continue reading at Book Riot
[ Book Riot | 2020-04-01 10:32:31 UTC ]
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Indigo Books and Music, Canada's dominant bookstore chain, closed all of its 199 retail locations on March 18. On Friday, March 27, the company laid off 5,200 of 7,000 total employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-31 04:00:00 UTC ]
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The package includes $50 million for the Institute of Museum and Library Services (IMLS) for digital inclusion projects, and a hefty $30.8 billion in relief for schools and colleges. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
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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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The Strand bookstore confirmed Sunday that 188 employees, the majority of the bookstore’s staff, have been let go in the wake of the Covid-19 outbreak. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-22 04:00:00 UTC ]
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Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Film rights to Richard Osman’s debut novel, The Thursday Murder Club (Viking), have been snapped up by Amblin Partners in a 14-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 16:08:49 UTC ]
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