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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Virtually Together: The Rise of Digital Book Festivals

In the face of COVID-19, many book festivals have moved online. Here's what's worked, what hasn't, and what the future might hold for them. Continue reading at Book Riot

[ Book Riot | 2021-02-26 11:38:02 UTC ]
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HCCB takes three more in Biddulph's Draw With Rob series

HarperCollins Children’s Books has signed a deal with Rob Biddulph for three more titles in his Draw With Rob series. Continue reading at The Bookseller

[ The Bookseller | 2021-02-26 11:23:02 UTC ]
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In ‘All Girls,’ a decades-old sexual assault at a boarding school prompts a vigilante to take action

Emily Layden’s debut follows a parade of characters at a school that’s reckoning with its past mistakes. Continue reading at The Washington Post

[ The Washington Post | 2021-02-25 06:43:17 UTC ]
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S&S Posts Double-Digit Gains in Sales, Earnings in 2020

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[ Publishers Weekly | 2021-02-25 05:00:00 UTC ]
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Publishing’s Specialized Digital Events: Piling Up Higher and ‘Heyer’

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[ Publishing Perspectives | 2021-02-24 16:13:02 UTC ]
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Waiting for the Plane Tickets: Rights Pros on Digital Events

How do online rights events organized by literary agencies, publishers, and others compare to the physical book fair experience? We hear from several rights folks on how it's going so far. The post Waiting for the Plane Tickets: Rights Pros on Digital Events appeared first on Publishing... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-02-19 18:49:46 UTC ]
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Bonnier Group appoints Stina Andersson as c.e.o.

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[ The Bookseller | 2021-02-19 04:23:46 UTC ]
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Bookstat chart: Kirk goes out Ahead in digital

J D Kirk’s Ahead of the Game (Zertex Crime) headed straight into the Bookstat e-book chart number one for the week ending 13th February. Continue reading at The Bookseller

[ The Bookseller | 2021-02-18 09:27:21 UTC ]
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Oxford publishing groups launch post-lockdown working survey

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[ The Bookseller | 2021-02-16 17:30:43 UTC ]
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Historian Dan Jones takes on roles at Head of Zeus

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[ The Bookseller | 2021-02-16 13:14:15 UTC ]
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Publish with Passion and Purpose at Radius Book Group

Founded five years ago as a home for entrepreneurial authors, Radius Book Group has published dozens of successful nonfiction books. (Sponsored.) Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-02-15 05:00:00 UTC ]
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Allen Lane wins four-way auction for Baker's group biography

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[ The Bookseller | 2021-02-14 19:57:05 UTC ]
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Ruth Dickey Takes Over at the National Book Foundation

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[ Publishers Weekly | 2021-02-11 05:00:00 UTC ]
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Give and take

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[ The Bookseller | 2021-02-05 11:03:27 UTC ]
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What a $5.5 million Super Bowl ad can buy in digital media

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[ Digiday | 2021-02-05 05:01:00 UTC ]
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What a $5.5 million Super Bowl ad can buy in digital media

For example, in terms of Big Game spending, $5.5 million for a 30-second ad could cover the cost of 275 million impressions on YouTube. The post What a $5.5 million Super Bowl ad can buy in digital media appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-02-05 05:01:00 UTC ]
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Librarians flourish in lockdown with roll out of digital community activities

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[ The Bookseller | 2021-02-04 23:06:43 UTC ]
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Thread to publish Friedan’s Feminine Mystique in digital first

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[ The Bookseller | 2021-02-04 11:53:06 UTC ]
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CILIP calls for National Library of Wales cuts to be abandoned

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[ The Bookseller | 2021-02-03 06:32:21 UTC ]
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Macmillan Restructures Central Digital Marketing Team

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[ Publishers Weekly | 2021-02-02 05:00:00 UTC ]
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