The Economist Group Cuts 90 Employees, Takes 1843 Mag Digital-Only

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 ]
News tagged with: #company declined #economist group #editorial team #broader set #digital offerings #top executives #pay cuts #difficult decision #statement provided

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Sode and Antrobus among 17 Black British poets in new digital collection

Yomi Sode, Raymond Antrobus and Victoria Adukwei Bulley are among 17 contemporary Black British poets recording their poems for a new collection by the Poetry Archive and Obsidian Foundation. Continue reading at The Bookseller

[ The Bookseller | 2021-11-25 19:40:50 UTC ]
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Wattpad-Webtoon’s Book Group Opens Graphic Novel Imprint

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[ Publishing Perspectives | 2021-11-19 03:13:04 UTC ]
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Goff named new Quarto group chief executive

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[ The Bookseller | 2021-11-17 08:37:56 UTC ]
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How Hanif Abdurraqib Cuts Through the Noise

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[ The New York Times | 2021-11-14 22:29:28 UTC ]
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Trade Segments Had Double-Digit Gains in August

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[ Publishers Weekly | 2021-11-08 05:00:00 UTC ]
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PRH Once Again Extends Temporary E-book, Digital Audio Terms for Libraries

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[ Publishers Weekly | 2021-10-22 04:00:00 UTC ]
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How the hyper-violent Squid Game has crept into digital content targeting young children

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[ The Conversation | 2021-10-21 05:35:19 UTC ]
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8 Great Novels That Take Place Over the Course of a Day

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[ Literrary Hub | 2021-10-19 08:50:02 UTC ]
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Hutchinson Heinemann 2022 showcase takes place in-person

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[ The Bookseller | 2021-10-19 02:33:14 UTC ]
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Woodland Group acquires 50% of Worldwide Book Services

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[ The Bookseller | 2021-10-14 10:19:35 UTC ]
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Springer Nature at Frankfurt: Physical Stand, Digital Programming

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[ Publishing Perspectives | 2021-10-13 20:29:19 UTC ]
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DK partners with Kahoot! to improve digital learning

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[ The Bookseller | 2021-10-13 07:05:48 UTC ]
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Henderson joins Vertebrate as indie expands digital business

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[ The Bookseller | 2021-10-12 13:33:05 UTC ]
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Bonnier's Agius to lead Welbeck's ANZ outpost as Rogers takes over role

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[ The Bookseller | 2021-10-11 18:59:33 UTC ]
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'Prodigy' is a kid-friendly Star Trek show taking the right lessons from Star Wars

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[ Engadget | 2021-10-11 18:30:49 UTC ]
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[ The Bookseller | 2021-10-10 20:11:31 UTC ]
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Watch: Reinventing the customer experience in the digital-first era

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[ The New York Times | 2021-10-05 16:57:40 UTC ]
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