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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In an attempt to become a "pure-play learning technology company," HMH is looking to sell its trade group, Houghton Mifflin Harcourt Books & Media. Group president Ellen Archer has left the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-04 05:00:00 UTC ]
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A digital Irish children's book festival is launching later this month, in association with Dublin's Pavilion Theatre. Continue reading at The Bookseller
[ The Bookseller | 2020-11-04 03:24:57 UTC ]
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Bloomsbury has announced it will repay almost £700,000 to staff who took a pay cut during the first months of the pandemic, following the publisher's most succesful interim results since 2008. Continue reading at The Bookseller
[ The Bookseller | 2020-11-03 08:01:03 UTC ]
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Last spring, Pan Macmillan announced the creation of One Boat, a new sustainability imprint from the team behind Bluebird. Its name references the power of “one—the idea that one person can make a significant impact; and that one changed habit can make a big difference”. Continue reading at The Bookseller
[ The Bookseller | 2020-11-01 23:08:18 UTC ]
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The world’s largest publisher did it again in 2019, with revenue of $5.64 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-30 04:00:00 UTC ]
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Bloombury is to publish the first major work by 27-year-old economist Grace Blakeley, after winning a 10-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-10-27 18:38:16 UTC ]
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A 55% increase in digital sales plus higher online revenue led to a 10% increase in sales while pre-tax profits more than doubled at Bloomsbury in the six-month period ended August 31, 2020. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-27 04:00:00 UTC ]
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The cuts are the biggest since the surge in employees at the time of the Time Warner acquisition in 2018. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-10-26 17:04:42 UTC ]
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HarperCollins has picked up two books from “utterly hilarious” self-published star Tracy Bloom. Continue reading at The Bookseller
[ The Bookseller | 2020-10-26 04:59:19 UTC ]
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The seventh Aké Arts and Book Festival in Lagos is all online and available for all to see. Events are free and open to the public. The post Nigeria’s Digital Aké Arts and Book Festival Opens Today appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-22 19:32:42 UTC ]
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Following the recent slate of virtual regional bookseller conferences, both organizers and participants anticipate that in-person gatherings will make a return someday and will be part of a hybrid model that includes enhanced virtual programming. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-22 04:00:00 UTC ]
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Canelo is taking on titles currently released by The Dome Press, a publisher set up by agent and bookseller David Headley. Continue reading at The Bookseller
[ The Bookseller | 2020-10-21 12:03:08 UTC ]
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The Macmillan Children’s Publishing Group is closing Imprint, a move that will eliminate six editorial positions and three in marketing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-21 04:00:00 UTC ]
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In this David-versus-Goliath battle, mom-and-pop bookstores wrapped themselves in Amazon's familiar brown cardboard as a protest against the retail giant and a plea to shop local. The Instagram-ready stunt, with Amazon lookalike boxes covered in sick literary burns and topical quips, came... Continue reading at AdWeek
[ AdWeek | 2020-10-19 20:06:41 UTC ]
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“The Way Inn,” “The Terror,” “The Deep” and pretty much anything by Shirley Jackson. Continue reading at The Washington Post
[ The Washington Post | 2020-10-19 15:34:52 UTC ]
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The world's largest trade show registered 4,165 buyer and sellers on its Frankfurt Rights platform, 2,388 on the B2B 'matchmaking tool.' The post Overall Frankfurter Buchmesse Digital Attendance: 200,000 Users appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-19 08:14:46 UTC ]
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With a goal of building digital revenue 'our authors can make a living from,' Saga Egmont's Lasse Horne is staffers for digital. The post Our Frankfurt Magazine: Denmark’s Saga Egmont Is Hiring for Digital Releases appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-18 13:25:15 UTC ]
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Plus: Barnes and Noble got hacked, Zoom adds real end-to-end encryption, and more of the week's top security news. Continue reading at Wired
[ Wired | 2020-10-17 13:00:00 UTC ]
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The next Publishing Perspectives Talk at the 2020 Frankfurt Book Fair is on the digital-format usage by consumers during pandemic lockdowns. The post Publishing Perspectives Talk: ‘Digital Format Adoption and the Pandemic’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-15 20:46:14 UTC ]
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Deals for big-issue books were still being struck for substantial sums, despite the Frankfurt Book Fair taking place virtually as a result of the pandemic. Continue reading at The Bookseller
[ The Bookseller | 2020-10-15 16:05:23 UTC ]
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