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
Jon Yaged, who will officially succeed Don Weisberg as CEO of Macmillan Publishers US later this year, will take over day-to-day responsibilities for running the company, effective today, along with other changes among executive personnel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-22 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#jon yaged
#macmillan publishers
#effective today
#macmillan
Shortlisted authors will learn only when the winner is announced on October 17 who has been selected the German Book Prize laureate. The post The German Book Prize Announces Its 2022 Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-09-21 01:42:16 UTC ]
More news stories like this | News stories tagged with:
#shortlisted authors
#german book
More than £300m wiped off market value as company says Zillah Byng-Thorne is to step downFuture, one of Europe’s biggest and most successful digital media companies, has seen more than £300m wiped off its market value after the company said that chief executive Zillah Byng-Thorne is to step down... Continue reading at The Guardian
[ The Guardian | 2022-09-20 11:10:40 UTC ]
More news stories like this | News stories tagged with:
#magazine publisher
#digital media
#marie claire
The 2022 longlists for the National Book Award in fiction, nonfiction, poetry, translated literature, and young people's literature. Continue reading at Book Riot
[ Book Riot | 2022-09-16 17:05:07 UTC ]
More news stories like this | News stories tagged with:
#translated literature
#national book award
With their comprehensive and alarming picture of Trump's presidency, Peter Baker and Susan Glasser show what journalism can do, and where it can fall short. Continue reading at The Washington Post
[ The Washington Post | 2022-09-14 21:41:17 UTC ]
More news stories like this | News stories tagged with:
#raises questions
#fall short
The National Book Foundation has announced the 2022 Longlist for the Young People's Literature Award. Here are the 10 contenders. Continue reading at Book Riot
[ Book Riot | 2022-09-14 17:37:14 UTC ]
More news stories like this | News stories tagged with:
#literature award
#national book foundation
#national book award
As McDonald's and Nielsen lawsuits proceed, Allen says spending on Black-owned media isn't rising fast enough. Continue reading at Advertising Age
[ Advertising Age | 2022-09-14 09:30:00 UTC ]
More news stories like this | News stories tagged with:
#nielsen
The National Book Foundation is announcing the 2022 National Book Award longlists this week. Five finalists in each of the five categories will be named on October 4, and the winner will be announced during the awards ceremony on November 16. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-14 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#awards ceremony
#national book foundation
#national book award
Six titles are shortlisted this year by this 10-year-old award for nonfiction that contributes to 'global cultural understanding.' The post British Academy Book Prize Announces Its 2022 Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-09-06 04:01:57 UTC ]
More news stories like this | News stories tagged with:
#book prize
The finalists for one of the most prestigious prizes for English-language literature include Percival Everett and Elizabeth Strout. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-06 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#elizabeth strout
The new FinElib transformative agreement may reach researchers at as many as 30 institutions, according to Springer Nature. The post Finnish Research: Springer Nature Announces a Fourth Transformative Agreement appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-09-02 00:33:29 UTC ]
More news stories like this | News stories tagged with:
#springer nature
The culmination of a 20-year advocacy effort, the new policy will finally make taxpayer-funded research available to the public without cost or delay. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-25 04:00:00 UTC ]
More news stories like this |
The new Pakistan-focused journal is to survey colonialism, nationalism, gender representation, devotion, popular culture, diaspora, and more. The post Cambridge University Press Announces a Pakistan Studies Journal appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-18 20:34:51 UTC ]
More news stories like this | News stories tagged with:
#popular culture
#cambridge university press
On August 12, President Biden announced 11 appointees to serve on the the National Museum and Library Services Board, including a recent ALA president, an ALA honorary membership recipient (the association's highest honor), and the state librarian of Biden's home state of Delaware. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-16 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#highest honor
#state librarian
#home state
Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part of a cost-cutting effort to lower its expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions Continue reading at ABC News
[ ABC News | 2022-08-12 21:45:49 UTC ]
More news stories like this | News stories tagged with:
#usa today
#cut costs
#newsroom staff
#ad sales
In a 'steady' market, NPD sees print sales in the United States decline 1.6 million units in July, typically a month for some losses. The post NPD Books on July’s US Print Market: 6 Percent Lower, Year to Date appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-10 18:34:37 UTC ]
More news stories like this | News stories tagged with:
#date appeared
#print market
#npd books
#print sales
How Nielsen and other media companies are navigating the measurement upheaval, plus industry reactions. Continue reading at Advertising Age
[ Advertising Age | 2022-08-10 12:08:43 UTC ]
More news stories like this | News stories tagged with:
#media companies
#nielsen
The best YA deals of the day, sponsored by Macmillan's Happily Ever After newsletter. `Macmillan's Happily Ever After newsletter`https://bookriot.com/giveaways/win-200-to-the-ripped-bodice/`https://bookriot.com/wp-content/uploads/2022/08/BR_rippedBodice200_300x250.jpg.optimal.jpg` Continue reading at Book Riot
[ Book Riot | 2022-08-06 10:30:00 UTC ]
More news stories like this | News stories tagged with:
#ya deals
#ya book
In roughly five hours of testimony on Thursday, Penguin Random House CEO Markus Dohle jousted with government lawyers over PRH's market share, his commitment to allow PRH and S&S editors to bid on the same books if the merger is completed, and other issues tied to what the impact of a... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-05 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#prh-ss merger
#markus dohle
#silicon valley
#market share
#penguin random house
Amid news of the NPD-IRI merger, NPD BookScan reports US print holding at 6 percent below 2021’s level in the week ending July 23. The post NPD and IRI Have Announced an Unnamed Merger in Data and Analysis appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-08-04 15:57:40 UTC ]
More news stories like this | News stories tagged with:
#post npd
#bookscan