SpinMedia Group, a publisher of celebrity and entertainment sites, today announced that it's lined up new investors and hired sales vet Tom Morrissy as chief revenue officer as it attempts to put its struggling financial past behind it. The company has lately made headlines for laying off staff and shutting down the print magazine editions of Spin and Vibe; the staff of 165 is down from more than 250 last September. SpinMedia hasn't been consistently profitable, CEO Dale Strang admitted. But he said that he hoped to finally achieve that goal for real "early this year." His predecessor made similar pronouncements that didn't materialize, but Strang said the difference this time around is that the company has a new structure that's allowed it to vastly reduce its debt. SpinMedia (formerly Buzz Media) just got in $10 million in new funding from investors including MC Partners, Focus Ventures, Anthem Ventures and TDF Ventures. The Web publisher is in the process of rolling out mobile responsive sites to capture consumers and ad dollars that are moving to smaller screens. It's also focusing on its sites deemed to have the most growth opportunity, starting with ones like The Frisky, Stereogum, Idolator, Spin and its biggest, Celebuzz. "We're really bullish," Strang said. "Entertainment as a category continues to grow. With this new structure and focus, we can hire people like Tom to bring it to market successfully." Morrissy knows his way around entertainment and digital... Continue reading at 'AdWeek'
[ AdWeek | 2014-02-04 00:00:00 UTC ]
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Circle Media Group has sold its interest in one of Europe’s largest book printers, CPI, to a private investor, after less than nine months of ownership. Continue reading at The Bookseller
[ The Bookseller | 2019-04-10 00:00:00 UTC ]
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Alex Moyet, formerly senior marketing manager at Activision, has joined Penguin Random House (PRH) Children’s as brand director. Continue reading at The Bookseller
[ The Bookseller | 2019-04-10 00:00:00 UTC ]
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Everybody has their own hot take on the media. The coldest eye likely comes from (or probably should come from) those who put their own money on the line. Publicly-traded media companies share a lot of mandatory financial information, but what drives the perspectives of those looking a bit... Continue reading at Folio Magazine
[ Folio Magazine | 2019-04-04 00:00:00 UTC ]
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Mark Zuckerberg also said he is weighing up paying publishers for use of their journalismFacebook could start employing editors to select “high-quality news” to show to users, in the social network’s latest attempt to lose its reputation as a source for disinformation.Mark Zuckerberg said he is... Continue reading at The Guardian
[ The Guardian | 2019-04-01 00:00:00 UTC ]
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Prodded by one of its largest shareholders, IDW Media Holdings is reviewing opportunities to monetize its contents via films and TV and has hired J.P. Morgan to assist in the review process which could lead to the sale of the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-26 00:00:00 UTC ]
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The History Press is gearing up to relocate to Cheltenham as it enters an “important phase in growth” with two new hires to start the year. Continue reading at The Bookseller
[ The Bookseller | 2019-02-13 00:00:00 UTC ]
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Subscribe to us on iTunes, check us out on Spotify and hear us on Stitcher, Google Play and iHeartRadio too. This is our RSS feed. Tell a friend!It is, to hear Bloomberg Media's Keith Grossman tell it, both the best of times and the worst of times to be a publisher, depending on who you ask. On... Continue reading at Advertising Age
[ Advertising Age | 2019-01-17 00:00:00 UTC ]
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Penguin Random House has hired Lou Grosart and Ned Hartley as part of its Ladybird licensing team. Continue reading at The Bookseller
[ The Bookseller | 2019-01-11 00:00:00 UTC ]
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Watson, Little Ltd has hired the literary agency’s first rights director, Rachel Richardson. Continue reading at The Bookseller
[ The Bookseller | 2018-12-14 00:00:00 UTC ]
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Little, Brown Book Group division Piatkus Constable Robinson (PCR) has promoted publishers Anna Boatman and Zoe Bohm and hired Gina Luck as PCR brand publisher. Continue reading at The Bookseller
[ The Bookseller | 2018-10-16 00:00:00 UTC ]
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[caption id="attachment_137853" align="alignright" width="150"] Paul McArthur[/caption] That was fast. A day after announcing the hiring of GateHouse Media senior VP Paul McArthur as regional publisher overseeing four Montana-based news outlets, Lee Enterprises has reversed its decision,... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-27 00:00:00 UTC ]
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Bloomsbury Children’s Books has hired Mandy Archer to head up its Harry Potter publishing team. Continue reading at The Bookseller
[ The Bookseller | 2018-09-14 00:00:00 UTC ]
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Under the new leadership of investor Edward Roush, president Curtis Riskey has stepped down from the Association for Christian Retail (CBA) in an overhaul of its staff, magazine, and all other operations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-10 00:00:00 UTC ]
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After reporting disappointing Q1 results on Thursday, Barnes & Noble saw its stock price jump on Friday following a new investment by Richard Schottenfeld, the head of an eponymous investment firm that took a 5.58% stake in the book chain in July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device. Search for "Ad Age" under "Skills" in the Alexa app. What people are talking about today: BuzzFeed, the for-profit, venture... Continue reading at Advertising Age
[ Advertising Age | 2018-08-28 00:00:00 UTC ]
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Canongate has announced two new hires in the Canongate Design department: Gill Heeley and Valeri Rangelov. Continue reading at The Bookseller
[ The Bookseller | 2018-08-24 00:00:00 UTC ]
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The Kate Nash Literary Agency has recruited a junior agent as it continues to expand. Continue reading at The Bookseller
[ The Bookseller | 2018-08-11 00:00:00 UTC ]
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John Murray Press has appointed Sanphy Thomas, currently executive head of marketing at SAGE, as managing director of Jessica Kingsley Publishers. Continue reading at The Bookseller
[ The Bookseller | 2018-07-31 00:00:00 UTC ]
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Hiring more employees of colour and seeing stories with BAME characters as normal, not niche, are just some ideas suggested by the book industry following a damning report which revealed that only 4% of all the children’s books published in the UK last year featured a black, Asian or minority... Continue reading at The Bookseller
[ The Bookseller | 2018-07-19 00:00:00 UTC ]
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UNITE 2018, the annual international convention hosted by the Association for Christian Retail, took place in Nashville, Tenn., from July 8-11, sharing news of a large investment designed to change the industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-12 00:00:00 UTC ]
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