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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Petition signed by more than 200 Simon & Schuster employees delivered to publishing house also calls for end to deals with members of Trump administrationMore than 200 members of staff at Simon & Schuster have signed a petition calling for the publishing house to cancel its seven-figure... Continue reading at The Guardian
[ The Guardian | 2021-04-27 13:55:17 UTC ]
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The shortlist for the International Booker Prize, an award for the best translated work of fiction, includes two books each translated from French and Spanish, and one each from Russian and Danish. The winner will be announced June 2. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-23 04:00:00 UTC ]
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Simon & Schuster president Jonathan Karp says seven-figure book deal will go ahead, after open letter from employees accuses publisher of being ‘on the wrong side of justice’Simon & Schuster has said it will not pull out of a seven-figure book deal with Mike Pence after some of its... Continue reading at The Guardian
[ The Guardian | 2021-04-21 12:05:44 UTC ]
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The 41st annual Los Angeles Times Book Prizes were awarded in a livestreamed virtual ceremony last Friday. The awards are presented in 12 categories; 56 books were shortlisted overall. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-19 04:00:00 UTC ]
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Deesha Philyaw, Victoria Chang and Isabel Wilkerson are among the winners of the 2020 L.A. Times Book Prizes, announced Friday. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-04-17 01:06:54 UTC ]
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Unit sales of adult titles jumped for the week ended April 10, 2021, over the comparable week in 2020, offsetting steep declines in the juvenile categories. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-16 04:00:00 UTC ]
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Opening a new route to self-publishing, Amazon's Kindle Vella capitalizes on the popularity of online serialized storytelling. The post Amazon Announces Its Wattpad-Style ‘Kindle Vella’ Platform appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-14 17:25:03 UTC ]
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A three-day digital program, the US Book Show–which lies on the calendar where BookExpo did–is announcing panel discussions. The post Digital ‘US Book Show’ Announces Panels for Late May appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-14 17:07:57 UTC ]
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The outdoor media owner beat 4 Sales, Hearst Solutions, News UK and Reach Solutions to claim the coveted prize. Continue reading at Media Week
[ Media Week | 2021-04-14 15:33:07 UTC ]
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The ten winners of the 36th Whiting Awards, each of which comes with a $50,000 prize, were announced on April 14 in a virtual ceremony. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-14 04:00:00 UTC ]
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Zando, launched by former Crown publisher Molly Stern six months ago, announced its first acquisition, a reference guide written by a prominent psychiatrist affiliated with the National Association on Mental Illness. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-14 04:00:00 UTC ]
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The Global Literature in Libraries Initiative names two winners for 2021, both translated from Brazilian Portuguese by Larissa Helena. The post The ‘GLLI’ Translated YA Book Prize Announces 2021 Brazilian Co-Winners appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-07 07:20:38 UTC ]
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Erik Hoel on the joy of growing up in an indie bookstore—and with his badass single mom, who opened The Jabberwocky in 1972 when she was 23 years old. | Lit Hub Memoir “You may have noticed that anger is making a comeback for women.” Gina Frangello on rage and infidelity. | Lit Hub “These […] Continue reading at Literrary Hub
[ Literrary Hub | 2021-04-06 09:30:32 UTC ]
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On Friday, Politico published an excerpt from On the House, a forthcoming memoir by John Boehner, the Republican former House speaker, that, in Politico’s words, is the story of “how America’s center-right party started to lose its mind, as told by the man who tried to keep it sane.” The excerpt... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-04-05 12:13:42 UTC ]
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This year's longlist for the U.K.'s International Booker Prize, an award for the best work of translated fiction, includes books from 11 languages and 12 countries. The prize offers £50,000, split evenly between author and translator. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-30 04:00:00 UTC ]
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The Bologna Children's Book Fair issues announcements to the news media about what organizers hope can be a physical event on June 14 to 17. The post Bologna Children’s Book Fair: Early Announcements of 2021 Features appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-29 15:58:30 UTC ]
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Justin Stevens tweets Tracy Grimshaw gave a ‘great interview’. Plus: Morrison condemned in News Corp papersScott Morrison avoided talking to ABC 7.30 host Leigh Sales this week, choosing A Current Affair’s Tracy Grimshaw instead to deliver his television message to the women of Australia on... Continue reading at The Guardian
[ The Guardian | 2021-03-26 02:59:47 UTC ]
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Following the splitting of their two imprints in December, Random House Canada publisher Sue Kuruvilla and Knopf Canada Publisher Martha Kanya-Forstner have announced a number of roles for their team members. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-24 04:00:00 UTC ]
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The Audio Publishers Association hosted the 26th annual Audie Awards virtually last night, making them open to the public for the first time. Piranesi, by Susanna Clarke and narrated by Chiwetel Ejiofor, was named Audiobook of the Year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-23 04:00:00 UTC ]
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The latest in international book fairs, festivals, and trade shows, France's Salon du Livre Paris cnacels its 2021 iteration. The post France’s Publishers and Reed Announce Cancellation of Livre Paris 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-18 18:39:13 UTC ]
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