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 ]
Company reports 6% rise in pre-tax profits as top executives paid more than £5mMarie Claire and NME publisher Time Inc UK boosted profits to almost £23m last year while paying out more than £5m to staff and top executives at the magazine company.Time Inc UK reported a 6% rise in pre-tax profits... Continue reading at The Guardian
[ The Guardian | 2015-10-14 00:00:00 UTC ]
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Describe your role My job title is picture book designer but people outside the industry always think that I must illustrate all the books! Unfortunately I’m not that talented (though I do a mean stick man) so I end up describing my job as being an editor for the illustrators. Working in... Continue reading at The Bookseller
[ The Bookseller | 2015-09-26 00:00:00 UTC ]
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Publishing group Pearson says it has agreed to sell its 50% stake in the Economist Group for £469m. Continue reading at BBC News
[ BBC News | 2015-08-12 00:00:00 UTC ]
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Existing shareholder Exor increases its holding from 4.7% to 43.4% to become the largest single shareholder in the publishing groupPearson has sold its 50% stake in the Economist Group, publisher of the Economist newspaper, to existing shareholders for £469m in cash.The deal, a fait accompli... Continue reading at The Guardian
[ The Guardian | 2015-08-12 00:00:00 UTC ]
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Pearson Plc moved closer to an exit from business publishing as it announced plans to dispose of its stake in the 172-year-old Economist magazine, just days after the sale of The Financial Times newspaper. Discussions with The Economist Group& ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2015-07-27 00:00:00 UTC ]
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Publishing company Pearson is to sell its 50% stake in the Economist Group, days after announcing the sale of the Financial Times. Continue reading at BBC News
[ BBC News | 2015-07-26 00:00:00 UTC ]
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Canongate’s non-fiction publishing director Katy Follain is to leave the company “to pursue new career opportunities within the industry”. The publisher said she “played a key role within the editorial team”. Among the titles Follain acquired during her time at Canongate were James Rhodes’... Continue reading at The Bookseller
[ The Bookseller | 2015-07-24 00:00:00 UTC ]
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Penguin Random House UK Children’s today (6th May) announced it is creating one editorial team in what it described as "the next chapter in the evolution of the PRH UK Children’s division". Continue reading at The Bookseller
[ The Bookseller | 2015-05-07 00:00:00 UTC ]
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The magazine editor on integrating print with technology, avoiding the hard sell, and why it’s fine for covers to show a few wrinklesIt seemed, at the time, an odd move. While old media print companies were scrambling to improve their digital offerings and wondering whether their print titles... Continue reading at The Guardian
[ The Guardian | 2015-02-09 00:00:00 UTC ]
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Simon & Schuster has made two appointments to its editorial team in Canada, while confirming the departure of two other staff members. Nita Pronovost will now be joining the Canada operation as editorial director from her position as senior editor at Doubleday where she built “an impressive... Continue reading at The Bookseller
[ The Bookseller | 2015-01-13 00:00:00 UTC ]
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Children’s author who helped Zoe Sugg with Girl Online says attacks on her are unfair, and insists ‘I did not invite any of this attention upon myself’More about Zoe Sugg and the Girl Online rowSiobhan Curham, the children’s author who unexpectedly found herself in the spotlight this week after... Continue reading at The Guardian
[ The Guardian | 2014-12-11 00:00:00 UTC ]
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Penguin has confirmed Siobhan Curham “helped Zoe [Sugg] tell her story”, after rumours began circulating on social media that Curham ghostwrote Girl Online. Spokesperson Tania Vian-Smith told The Bookseller: “Siobhan was part of the editorial team.” Continue reading at The Bookseller
[ The Bookseller | 2014-12-09 00:00:00 UTC ]
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Time magazine has announced several staff changes to its editorial team: • Tom Weber has been promoted to executive editor. He was previously serving as assistant managing editor. Continue reading at Folio Magazine
[ Folio Magazine | 2014-04-03 00:00:00 UTC ]
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Top executives from the Guardian, Time, USA Today, Atlantic Media's Quartz, the Onion and others took part in panel discussions with Digiday editors on a range of topics, such as applying established journalism techniques to the Web, embracing mobile, the rise of online video, and making... Continue reading at Digiday
[ Digiday | 2014-03-20 00:00:00 UTC ]
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The rise of programmatic advertising has wreaked havoc across digital media, giving media buyers far more leverage while pushing down the value of publisher inventory. It has also torn apart the traditional ad network business, which is one reason Federated Media, today announced it would stop... Continue reading at Advertising Age
[ Advertising Age | 2014-01-28 00:00:00 UTC ]
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An online start-up in south London is launching a crowdfunded print version tomorrow. The Croydon Citizen is publishing a free news magazine, which will be distributed at the borough's railway stations and main shopping areas.Editor-in-chief James Naylor says the 16-page magazine, which will be... Continue reading at The Guardian
[ The Guardian | 2013-12-16 00:00:00 UTC ]
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Takeaway: Sacco’s social media expertise has nearly tripled traffic referrals in the past year. When Natalie Sacco joined Penton Media as a social media specialist in January 2012, she wasted no time whipping the editorial team into digital shape. Continue reading at Folio Magazine
[ Folio Magazine | 2013-10-09 00:00:00 UTC ]
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• She played a key role in expanding and diversifying the title’s various digital offerings. • In the past year, she grew revenue by 73 percent. Continue reading at Folio Magazine
[ Folio Magazine | 2013-10-08 00:00:00 UTC ]
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John Murray Press has announced two new appointments to the editorial team. Mark Richards,... Continue reading at The Bookseller
[ The Bookseller | 2013-08-09 00:00:00 UTC ]
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