Time Inc., the publisher of magazines including Time and Sports Illustrated, has begun eliminating about 6% of its head count—nearly 500 jobs—in the biggest round of cuts at the company since 2008."With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform," CEO Laura Lang said in a memo to employees today. "To make this change, we need to operate as smartly and efficiently as possible to create room for critical investments and new initiatives. These reductions are part of this important transformation process. "Meetings with affected employees began Wednesday morning and were expected to continue throughout the day.Staffers had been enjoying a bit of a respite from the regular layoffs under former Chairman and CEO Ann Moore, who eliminated thousands of jobs through cuts and magazines sales in the 2000s. But they also expected a large swing of the axe sooner or later under Ms. Lang, a publishing novice who joined from Digitas in January 2011. One of her first moves was to call a top-to-bottom review facilitated by consultants from Bain & Co., evaluating priorities, opportunities and trouble spots.Time Inc. counted as many as 12,000 employees as recently as 2007, but was down to 8,000 before today's cuts.Time Inc. is not alone in reducing head count, but the scope of today's action is broader than others. Meredith Corp., the publisher of magazines such as... Continue reading at 'Crains New York'
[ Crains New York | 2013-01-30 00:00:00 UTC ]
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Bob Lord may be leaving Publicis Groupe's Razorfish to run AOL Networks but, given a new partnership between Publicis Groupe and AOL, his ties to his former employer will remain strong. On Aug. 1, Lord, the outgoing CEO of Razorfish, starts as CEO of AOL Networks, the company's programmatic ad... Continue reading at AdWeek
[ AdWeek | 2013-07-19 00:00:00 UTC ]
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Lonely Planet is to cut 70 to 80 jobs across its London, Melbourne and Oakland offices. No... Continue reading at The Bookseller
[ The Bookseller | 2013-07-18 00:00:00 UTC ]
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Pearson Australia has announced up to 75 potential redundancies as it looks to make changes... Continue reading at The Bookseller
[ The Bookseller | 2013-07-16 00:00:00 UTC ]
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Building on the success of its Pulitzer Prize winning interactive article "Snow Fall," the New York Times will launch what it's calling "an immersive digital magazine experience."Sam Sifton, the former Times food critic-turned national editor, will lead the project. At the same time, he will... Continue reading at Crains New York
[ Crains New York | 2013-07-13 00:00:00 UTC ]
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#previous week
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Uncertainty has been hovering over Barnes & Noble ever since the retailer first reported that 2012 holiday sales— especially those of its Nook reading devices—were well below expectations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-07-12 00:00:00 UTC ]
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Neil Jamieson, a Time Inc. vet and a big figure in the magazine design world, has left to join design studio Joe Zeff Design to be the studio's first creative director. Jamieson most recently was design director of Money, whose tablet edition was a National Magazine Award finalist this year. He... Continue reading at AdWeek
[ AdWeek | 2013-07-10 00:00:00 UTC ]
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Tuesday morning Amazon Publishing announced a new comics and graphic novel imprint, Jet City Comics. It will publish graphic novels by George R.R. Martin, of "Game of Thrones" fame and others.It was only yesterday that I asked my editor when Comic-Con begins, because the comics-related... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-07-09 00:00:00 UTC ]
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Random House's Ballantine Books joined the ranks of the Food Network, Smithfield, Wal-Mart, and a bevy of other companies in ceasing its relationship with the self-proclaimed queen of butter. Continue reading at ABC News
[ ABC News | 2013-06-30 00:00:00 UTC ]
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Library campaigners are braced for a further round of cuts as the Government unveils the latest... Continue reading at The Bookseller
[ The Bookseller | 2013-06-26 00:00:00 UTC ]
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This portable app's website says "Bright Snippet Sire," but everybody calls this open-source favorite Briss for…er…short. Briss crops a section of a PDF file and creates another PDF file of the cropped area. You can crop unwanted areas from PDFs with Briss. It's free, open-source, and portable,... Continue reading at PC World
[ PC World | 2013-06-26 00:00:00 UTC ]
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An email composed, but never sent, by former Apple CEO Steve Jobs may prove instrumental in the Justice Department's case that Apple, along with the five largest book publishers, colluded to fix prices for electronic books.In a draft email intended for Apple Senior Vice President Eddy Cue about... Continue reading at PC World
[ PC World | 2013-06-19 00:00:00 UTC ]
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Lincolnshire looks set to axe 32 libraries in a bid to save £2m from the county council... Continue reading at The Bookseller
[ The Bookseller | 2013-06-19 00:00:00 UTC ]
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A price war has been sparked on e-reading devices as the summer holiday season begins, with many... Continue reading at The Bookseller
[ The Bookseller | 2013-06-18 00:00:00 UTC ]
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A survey of 2,000 library staff by union UNISON has revealed claims of major cuts to schools... Continue reading at The Bookseller
[ The Bookseller | 2013-06-18 00:00:00 UTC ]
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Apple Inc. (AAPL) executive Eddy Cue told a judge he felt extra pressure to reach deals with ebook publishers in time for the introduction of the iPad in 2010 because of company cofounder Steve Jobs’s precarious health. “Steve ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-06-14 00:00:00 UTC ]
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Apple may not have been quite as indifferent to publishers' deals with Amazon as it professes to be. Continue reading at AllThingsD
[ AllThingsD | 2013-06-13 00:00:00 UTC ]
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Bestselling novel The Time Traveller's Wife is to be made available as an ebook for the... Continue reading at The Bookseller
[ The Bookseller | 2013-06-07 00:00:00 UTC ]
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Massachusetts-based publisher Barefoot Books had previously cut ties with Barnes & Noble and Borders. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-05-24 00:00:00 UTC ]
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Alma Books is launching a new series of low-priced classics, and will be the first publisher in... Continue reading at The Bookseller
[ The Bookseller | 2013-05-20 00:00:00 UTC ]
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"Heck, Amazon is selling these books at $9.99, and who knows maybe they are right and we will fail even at $12.99." Continue reading at AllThingsD
[ AllThingsD | 2013-05-16 00:00:00 UTC ]
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