The Economist Group is laying off 90 employees, about 7% of its 1,300 total staffers, the company said Friday, citing the business impact of the COVID-19 pandemic. The cuts primarily affected employees in events and client solutions roles, as well as TVC, the London-based content marketing agency acquired by The Economist Group in 2012, a company spokeswoman said, adding that the The Economist's editorial team was spared from any changes. Additionally, the company is shifting its bimonthly lifestyle magazine, 1843, to a digital-only product beginning with its August/September issue, a move that it says was already under consideration but accelerated by the pandemic. That development comes about 14 months after 1843 was relaunched for the second time in three years, with a new editor and, notably, a broader set of digital offerings. Several top executives are taking voluntary salary reductions, including CEO Lara Boro and editor-in-chief Zanny Minton-Beddoes as well as the members of the board, though the company declined to share details on the pay cuts. "We have made the difficult decision to restructure and reduce roles in the parts of our business most affected by COVID-19," reads a statement provided to Folio:. "Each one of our departing colleagues has been instrumental in helping us build the business we have today and leaves with our heartfelt thanks and our promise to build on the legacy they leave behind.” Like many publishers, The Economist Group has seen an... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-05-15 15:03:09 UTC ]
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Head of Zeus has bagged two more books by David Gilman in a deal with Isobel Dixon, head of books at Blake Friedmann. Continue reading at The Bookseller
[ The Bookseller | 2022-01-05 20:05:39 UTC ]
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Politics & Prose owners Bradley Graham and Lissa Muscatine have reached an agreement with United Food and Commercial Workers Local 400 for the union to represent about 50% of the indie bookstore's 100+ employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-05 05:00:00 UTC ]
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In exceeding more than 500 million annual lends for the first time, OverDrive's 2021 figures suggest the pandemic has, as librarians have suggested, raised demand for digital content in public libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-05 05:00:00 UTC ]
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Danny Caine, the owner of the Raven Book Store in Lawrence, Kans., has sold a 49% stake in the 35-year-old bookstore to a group of seven employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-04 05:00:00 UTC ]
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Dark Horse Media, an independent comics publishing house and entertainment media company, has been acquired by the Embracer Group, a Swedish videogame development company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-22 05:00:00 UTC ]
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DCist reports that workers at DC’s indie bookstore Politics and Prose have decided to unionize, joining a growing list of bookstores (and other workplaces) that have unionized this year. If they do unionize, they’ll become the only bookstore in DC with a unionized workforce. But Politics and... Continue reading at Literrary Hub
[ Literrary Hub | 2021-12-17 16:47:07 UTC ]
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Avon Books has acquired two more saga novels from author Jane Holland, writing under the pseudonym Betty Walker. Continue reading at The Bookseller
[ The Bookseller | 2021-12-17 14:32:47 UTC ]
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Ryan Busse used to be a prominent figure in the firearm industry. A recent book details his disillusionment as he saw gun culture transform — and has drawn disdain from former allies. Continue reading at The New York Times
[ The New York Times | 2021-12-15 10:00:13 UTC ]
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The combined company still won't be the biggest digital publisher on the block. But it will be more well-rounded than most. The post ‘Breadth and depth’: Observers see more pluses than minuses in Vox Media, Group Nine merger appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-12-15 05:01:00 UTC ]
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Shannon Cullen is leaving Ladybird to join Quarto as group publisher for children's trade. Continue reading at The Bookseller
[ The Bookseller | 2021-12-14 03:27:34 UTC ]
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The Paris Commercial Court has authorised the French investment fund Financière Trésor de Patrimoine to take over the bankrupt book club France Loisirs, which is owned by holding company Actissia. Continue reading at The Bookseller
[ The Bookseller | 2021-12-14 00:52:23 UTC ]
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Digital media companies Vox Media and Group Nine Media are planning a merger, people familiar with the matter tell Adweek. The combined company would instantly become one of the largest digital media publishers in the U.S., helping it compete more effectively against the scale of social... Continue reading at AdWeek
[ AdWeek | 2021-12-13 22:11:18 UTC ]
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Criteo announced plans to buy IPONWEB, a deal that could prove critical to its intended pivot from ad retargeting to retail media. The post Why Criteo is purchasing the best-kept secret in digital media for $380 million appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-12-10 10:02:00 UTC ]
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Citing some 20 percent of its workforce being based in India, Springer Nature chooses the state of Meghalaya for its tree-planting project. The post Springer Nature Plants Trees in India, One for Each Employee appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-12-08 19:08:20 UTC ]
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Award-winning Swedish author Karin Smirnoff will write three new sequels to Stieg Larsson's Millennium trilogy. Continue reading at The Bookseller
[ The Bookseller | 2021-12-06 18:47:55 UTC ]
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Non-fiction children's books publisher What On Earth Books has launched a digital book collection service, available through subscription. Continue reading at The Bookseller
[ The Bookseller | 2021-12-06 09:06:53 UTC ]
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A newly formed investor group led by David Steinberger has acquired Open Road Integrated Media for a purchase price reported to be between $60 million and $80 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-02 05:00:00 UTC ]
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Quercus has signed two more standalone novels from bestselling author Beth O’Leary. Continue reading at The Bookseller
[ The Bookseller | 2021-12-01 08:14:03 UTC ]
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With its elegant mix of science fiction and metaphysical mystery, Le Tellier’s thriller rests somewhere between “Lost” and “Manifest.” Continue reading at The Washington Post
[ The Washington Post | 2021-11-30 17:01:16 UTC ]
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The University of Wales Press, which is gearing up to toast its centenary in 2022, has two titles celebrating the landmark and plans to launch a ‘start-up’ from within its operations. Continue reading at The Bookseller
[ The Bookseller | 2021-11-26 05:37:28 UTC ]
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