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 ]
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Fern McCauley has moved from The Artists Partnership to Hachette UK in the newly created role of head of media development, where she will be responsible for handling all book-to-film and TV rights deals for the business. Continue reading at The Bookseller
[ The Bookseller | 2022-02-01 05:31:21 UTC ]
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The shortlists for the 2022 Romantic Novel Awards have been revealed, with Liz Fenwick also announced as this year's winner of the Popular Romantic Fiction category. Continue reading at The Bookseller
[ The Bookseller | 2022-01-31 22:48:56 UTC ]
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65 authors and translators are nominated across 11 awards. Winners will be announced at an in-person ceremony on February 28. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-26 05:00:00 UTC ]
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Winners of an array of children’s literature awards reflect a diversity of perspectives and topics. “The Last Cuentista,” a tale of a young girl who must preserve the memory of Earth’s history, won the John Newbery Medal for the year’s best children’s book. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2022-01-25 18:02:43 UTC ]
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Violeta by Isabel Allende (Bloomsbury) was dubbed “a great sweeping story like a river in spate” by critics this week, picking up mentions in the Guardian, Financial Times, New Statesman, Independent and the Telegraph, while Free Love by Tessa Hadley (Jonathan Cape) and Reality+ by David... Continue reading at The Bookseller
[ The Bookseller | 2022-01-24 19:58:05 UTC ]
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The New Atlantic Independent Booksellers Association and the Southern Independent Booksellers Association are moving their fall conference, New Voices New Rooms, to summer and have scheduled it for the week of August 8. In addition, they are launching a spring book event scheduled for May 17 and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-21 05:00:00 UTC ]
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Seven Dials has shared details of The Hairy Bikers’ upcoming book, The Hairy Dieters' Simple Healthy Food, aimed at cutting through confusion around losing weight and staying healthy. Continue reading at The Bookseller
[ The Bookseller | 2022-01-20 08:12:39 UTC ]
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On January 20, the National Book Critics Circle announced 30 finalists in six categories for its annual awards honoring the best books of the previous publishing year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-20 05:00:00 UTC ]
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Hachette UK has acquired the Canadian- and Irish-based stationery company Paperblanks, with Graham Conway to be its CEO. The post In London, Hachette UK Announces Its Acquisition of Paperblanks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-19 01:49:07 UTC ]
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Private equity-funded Recurrent Ventures now has 20 digital media brands under its purview — and is on the hunt for more acquisitions. But is its approach to injecting new life into these titles sustainable? The post Recurrent Ventures – the next big private equity-fueled media conglomerate?... Continue reading at Digiday
[ Digiday | 2022-01-18 05:01:00 UTC ]
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A Hearst employee returned to the office, but just a few weeks later COVID was in the building too. The post ‘There were seven cases on various floors that week’: Confessions of a media employee who returned to the office appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2022-01-14 05:01:00 UTC ]
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ALA officials said they received more than 1,300 nominations from library users for this year’s award, with hundreds of nominations focused on librarians’ swift and effective response to the COVID-19 pandemic, from "hosting virtual programs to distributing books and technology safely to those in... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-14 05:00:00 UTC ]
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Kaepernick will talk with librarians about his first children’s book, illustrated by Eric Wilkerson, 'I Color Myself Different,' which is scheduled for an April, 2022 publication from Scholastic Press and Kaepernick Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-14 05:00:00 UTC ]
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Staff at independent comics and graphic novel publisher Image Comics voted January 6 to certify union representation by a vote of 7-2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-10 05:00:00 UTC ]
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The most reviewed non-fiction book of the week was The Last Emperor of Mexico by Edward Shawcross (Faber) featuring in the Times, Sunday Times, Financial Times, Wall Street Journal and Daily Mail. Continue reading at The Bookseller
[ The Bookseller | 2022-01-09 19:34:48 UTC ]
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In two books, a narrative of the efforts to overturn the election and a warning for the future. Continue reading at The Washington Post
[ The Washington Post | 2022-01-06 15:00:00 UTC ]
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Three days before its anticipated physical opening, the big New Delhi World Book Fair has been postponed, new dates to be announced. The post New Delhi World Book Fair Announces Postponement appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-05 21:40:06 UTC ]
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To ring in the new year, many publications, including the Guardian, Times, Telegraph, Daily Mail, Financial Times, New York Times, Irish Times and iNews, released their best books coming out in 2022. Continue reading at The Bookseller
[ The Bookseller | 2022-01-04 07:56:42 UTC ]
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The New York Times Book Review marked their anniversary by asking readers to nominate the best book of the past 125 years. Here's the result. Continue reading at Book Riot
[ Book Riot | 2022-01-03 15:52:45 UTC ]
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Dark Horse Media, an independent comics publishing house and entertainment media company, has been acquired by the Embracer Group, a Swedish videogame development company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-12-22 05:00:00 UTC ]
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