Vox Media has confirmed what CNBC reported earlier this week, that it is indeed about to undergo a round of layoffs that will eliminate 72 positions, which accounts for 6% of its total staff of 1,200. In a letter to staff, CEO Jim Bankoff, broke the difficult news to his employees candidly, opening with: “With deep sadness, and as a consequence of the pandemic and its devastating impact on the economy, I am writing to let you know that today we will be informing some of our colleagues that they will no longer have jobs at Vox Media.” According to CNBC, Vox has struggled to generate enough revenue due to the economic downturn that has been caused by the COVID-19 pandemic. At current pace, it is expected to miss its full-year revenue goal by 25%. The publisher, who’s portfolio includes Vox.com, New York Magazine, The Cut, The Verge, Recode, SB Nation, Eater and Polygon and others, was considered a digital publishing role model by many media pundits for its ability to launch new brands and make smart acquisitions that fit into its core business model. But as we’ve seen recently with companies like Atlantic Media and Quartz, two organizations that were also celebrated for their innovative business models, nobody is immune to the current market conditions. According to Bankoff, the coming cuts will be a majority of staffers who were furloughed in May, but some who stayed on through the pandemic will also be laid off. No specifics as of yet to which departments will be... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-07-16 14:53:51 UTC ]
News tagged with:
#deeply affected
#uniquely positioned
#renewed growth
#digital publishing
Study from Women in Media finds men still dominate newsrooms and gender parity will not be achieved for at least a decadeFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastWomen in media are still vastly... Continue reading at The Guardian
[ The Guardian | 2023-02-13 01:49:08 UTC ]
More news stories like this | News stories tagged with:
#guardian australia
#free morning
#latest updatesget
#free app
#news stories
#covering politics
#women in media
Booksellers from The Strand remember the coolest celebrity “cart shark” of them all: Television frontman Tom Verlaine. | Lit Hub Bookstores & Libraries Food as sustenance and political metaphor: How White House dinners shape presidential policy. | Lit Hub Politics “Will this book, like so... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-11 11:30:37 UTC ]
More news stories like this | News stories tagged with:
#libraries
Let’s once again put that cost in perspective and take a look at what $7 million can afford a buyer elsewhere elsewhere in the media landscape. Continue reading at Digiday
[ Digiday | 2023-02-10 05:01:00 UTC ]
More news stories like this | News stories tagged with:
#$7 million
#media landscape
#digital media
Elaine U. Cho’s debut sci-fi novel 'Ocean’s Godori,' Johanna Hedva’s essay collection 'How to Tell When We Will Die,' and Jay Leslie’s picture book 'What I Must Tell The World' are slated for publication in 2024. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-09 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#lena waithe
#zando imprint
#debut sci-fi
#essay collection
#picture book
Barbra Streisand announced that her long-awaited memoir My Name Is Barbra will be coming out November 7, 2023 with Viking Books. Continue reading at Book Riot
[ Book Riot | 2023-02-07 16:37:49 UTC ]
More news stories like this | News stories tagged with:
#memoir
The best science fiction and fantasy book deals of the day, curated by Book Riot. Continue reading at Book Riot
[ Book Riot | 2023-02-06 14:37:16 UTC ]
More news stories like this | News stories tagged with:
#sff deals
#science fiction
“Will this book, like so many cultural products made by creatives of color, be expected to somehow prove the viability of Black novels in the marketplace?” Debut author Laura Warrell on publishing while Black. | Lit Hub Memoir Rapid-fire reviews of the literary adaptations that premiered at... Continue reading at Literrary Hub
[ Literrary Hub | 2023-02-06 11:30:35 UTC ]
More news stories like this | News stories tagged with:
#literary adaptations
#memoir
#debut author
Revenue rose at Amazon in 2022 over 2021, but profits declined, with sales in the company's online business falling for the fourth time in five quarters. The company plans to cut 18,000 jobs worldwide. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#company plans
#fourth time
Bestseller Kiley Reid re-ups with Putnam, two-time NBA winner Jesmyn Ward sells her first historical fiction outing to Scribner, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#book deals
#historical fiction
Our favorite books coming out this week include new titles from Maylis de Kerangal, Maggie Millner, and Ayọ̀bámi Adébáyọ̀. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#maggie millner
#ayọ̀bmi adbyọ̀
Mike Pompeo has the #4 book in the country with 'Never Give an Inch.' Plus 'Times' royal correspondent Valentine Low sends in the 'Courtiers,' and 'The Amish Bachelor's Bride' author Pamela Desmond Wright is among the newer names in mass market romance. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this | News stories tagged with:
##4 book
Hot on the heels of the American Library Association's award announcements, the Society of Children's Book Writers and Illustrators' Impact and Legacy Fund announced the recipients of two awards this week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#book writers
#children's book
Finalists in six categories for the annual awards honoring the best books of the previous publishing year have been announced. 'New York Times' critic Jennifer Wilson, poet Joy Harjo, and City Lights Booksellers & Publishers have won special awards. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-31 00:00:00 UTC ]
More news stories like this |
The winners of this year’s BolognaRagazzi Awards presented by the Bologna Children’s Book Fair have been announced. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-26 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#bologna children
#book fair
#bologna children’s book fair
The Torino International Book Fair is registering exhibitors and publishing players for its professional program in May. The post Salone Internazionale di Torino Announces Its 2023 Rights Center appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-01-24 13:30:38 UTC ]
More news stories like this | News stories tagged with:
#publishing players
#professional program
The 10 winning librarians will be honored at a reception at the ALA's upcoming LibLearnX conference next week in New Orleans. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-20 05:00:00 UTC ]
More news stories like this |
Most senior media agency professionals want their clients to invest in emerging media and explore new digital channels this year. With global advertising spend forecast to slow this year from record levels of spend and the rising cost of digital media spend, marketers will be scrutinizing where... Continue reading at AdWeek
[ AdWeek | 2023-01-11 13:54:14 UTC ]
More news stories like this | News stories tagged with:
#digital strategies
#emerging media
#digital channels
#record levels
#digital media
The winners and honorees of the Walter Dean Myers Awards for Outstanding Children's Literature have been announced. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-10 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#outstanding children
#children's literature
The commercial chiefs of ITV, Hearst and Spotify say the industry is more resilient to economic shocks than in previous downturns. Continue reading at Media Week
[ Media Week | 2023-01-09 10:49:09 UTC ]
More news stories like this | News stories tagged with:
#hearst