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
UK book sales tracked by the Nielsen Bestseller Awards in 2020 produced eight new platinum-sellers, bringing the total since 2000 to 149. The post In London, Nielsen Announces Its 2021 Bestseller Awards appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-18 00:44:43 UTC ]
More news stories like this | News stories tagged with:
#uk book
#nielsen
Subscription service Scribd adds audiobook titles, opening with 'Black Imagination,' to its newly launched Scribd Audio brand. The post Scribd Announces an Audiobook Production Line, Highlighting Independent Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-09 14:00:22 UTC ]
More news stories like this | News stories tagged with:
#audiobook
The company that oversees the children’s author’s estate said that the titles contained depictions of groups that were “hurtful and wrong.” Continue reading at The New York Times
[ The New York Times | 2021-03-03 08:08:27 UTC ]
More news stories like this | News stories tagged with:
#seuss books
#dr. seuss
Chancellor Rishi Sunak has laid out his budget, announcing £6,000 “restart” grants for shops alongside an extension of furlough and the business rates holiday. Continue reading at The Bookseller
[ The Bookseller | 2021-03-02 20:51:28 UTC ]
More news stories like this |
Dr. Seuss Enterprises has announced that it will cease publication of six of the author's books due to their racist depictions. Continue reading at Book Riot
[ Book Riot | 2021-03-02 14:09:13 UTC ]
More news stories like this | News stories tagged with:
#seuss books
#cease publication
#seuss enterprises
#books due
#dr. seuss
Six Dr. Seuss books — including And to Think That I Saw It on Mulberry Street and If I Ran the Zoo — will stop being published because of racist and insensitive imagery, the business that preserves and protects the author's legacy said Tuesday. ... Continue reading at CBC
[ CBC | 2021-03-02 12:29:16 UTC ]
More news stories like this | News stories tagged with:
#racist imagery
#seuss books
#mulberry street
#insensitive imagery
#dr. seuss
‘Ceasing sales of these books is only part of our commitment and our broader plan to ensure Dr. Seuss Enterprises’ catalog represents and supports all communities and families.’ Six Dr. Seuss books are being pulled from publication, the organization who manages the late author’s legacy accounted... Continue reading at Fast Company
[ Fast Company | 2021-03-02 08:06:15 UTC ]
More news stories like this | News stories tagged with:
#seuss books
#seuss enterprises
#stop publishing
#racist imagery
#late author
#dr. seuss
The Syrian author Khalil Sweileh's 'Remorse Test,' winner of the 2018 Sheikh Zayed Book Award in Literature, is to be translated into Ukrainian by Nora-Druk Publishers. The post Sheikh Zayed Book Award Announces Its First Translation Grant of 2021 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-25 15:56:10 UTC ]
More news stories like this | News stories tagged with:
#translation grant
#zayed book
These audiobooks for your LGBTQ+ book club are tested and recommended by one member of a queer South Carolina book club. Continue reading at Book Riot
[ Book Riot | 2021-02-23 11:30:00 UTC ]
More news stories like this | News stories tagged with:
#book club
Big offline channels are forecast to outpace digital media this year, with the exception of print. Continue reading at Media Week
[ Media Week | 2021-02-17 09:42:23 UTC ]
More news stories like this | News stories tagged with:
#digital media
The Seventy-Five Pages, out next month, contains germinal versions of episodes developed in In Search of Lost Time and opens ‘the primitive Proustian crypt’For everyone who decided to bite the madeleine and read all 3,000-odd pages of Marcel Proust’s In Search of Lost Time during lockdown,... Continue reading at The Guardian
[ The Guardian | 2021-02-16 15:21:36 UTC ]
More news stories like this | News stories tagged with:
#marcel proust
#episodes developed
#lost time
#first novel
#french publisher
A total of more than US$380,000 goes to the winners of to be selected from this year's finalist lists, which include 20 debut works. The post PEN America Announces Its 2021 Literary Award Finalists appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-11 01:54:30 UTC ]
More news stories like this | News stories tagged with:
#literary award
Get to know the works of some of the best Caribbean authors writing classic and contemporary books for young readers. Continue reading at Book Riot
[ Book Riot | 2021-02-09 11:36:00 UTC ]
More news stories like this | News stories tagged with:
#young readers
#ya book
The new year brought new roles and new hires to Nelson Books, WaterBrook & Multnomah, Convergent, Zondervan, and Herald Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-09 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#nelson books
#waterbrook multnomah
For example, in terms of Big Game spending, $5.5 million for a 30-second ad could cover the cost of 275 million impressions on YouTube. The post What a $5.5 million Super Bowl ad can buy in digital media appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-05 05:01:00 UTC ]
More news stories like this | News stories tagged with:
#digital media
For example, in terms of Big Game spending, $5.5 million for a 30-second ad could cover the cost of 275 million impressions on YouTube. The post What a $5.5 million Super Bowl ad can buy in digital media appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-05 05:01:00 UTC ]
More news stories like this | News stories tagged with:
#digital media
The contest was created by Macmillan Learning "to elevate Black voices in education and in recognition of the fight for social justice inspired by the #BlackLivesMatter movement." Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-05 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#macmillan learning
#macmillan
The Welsh government has announced a £2.25m rescue package for the National Library of Wales after proposed cuts at the institution sparked uproar. Continue reading at The Bookseller
[ The Bookseller | 2021-02-05 03:34:48 UTC ]
More news stories like this | News stories tagged with:
#national library
#welsh government
#proposed cuts
If you enjoyed Maggie O'Farrell's historical fiction about Shakespeare's son, check out these thematically similar books like HAMNET. Continue reading at Book Riot
[ Book Riot | 2021-02-03 11:37:00 UTC ]
More news stories like this | News stories tagged with:
#historical fiction
CAMP had to shift from brick-and-mortar to a strategy that more directly resembles a digital publisher with a penchant for e-commerce. The post ‘A retail media company’: How CAMP wants its online content to eventually drive customers back to stores appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-02-03 05:01:00 UTC ]
More news stories like this | News stories tagged with:
#stores appeared
#online content
#directly resembles
#digital publisher