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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Bob Inglis tells Australian thinktank that Fox News and Wall Street Journal are holding back progress on climate A former Republican congressman has blamed Rupert Murdoch’s media outlets for fuelling “climate rejectionism” among conservatives, suggesting they could be part of the reason why the... Continue reading at The Guardian
[ The Guardian | 2020-10-14 08:57:17 UTC ]
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Bookshop.org, a retail site billed as a way for indies to counter Amazon’s online dominance, has today revealed the members of its UK board. Continue reading at The Bookseller
[ The Bookseller | 2020-10-13 09:56:56 UTC ]
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YouTube, Spotify, podcasts or TikTok may be digital, but they are decidedly warmer than, say, search-engine optimisation. Continue reading at Media Week
[ Media Week | 2020-10-12 09:21:30 UTC ]
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FutureBook, The Bookseller's publishing conference, has announced the first speakers for its five-day virtual event. Continue reading at The Bookseller
[ The Bookseller | 2020-10-07 09:00:31 UTC ]
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The U.S. Selfies book awards, which recognize self-published authors, has added a children’s prize to go along with its adult fiction award. The 2021 awards submission period opens on January 1, 2021, and closes the night of March 1, 2021. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-07 04:00:00 UTC ]
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The National Book Award Finalists are here! The winners will be announced November 18, 2020, in a virtual ceremony. Continue reading at Book Riot
[ Book Riot | 2020-10-06 16:50:00 UTC ]
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From memoir to young adult, there is a little bit of something for everyone on this list of audiobooks by Indigenous authors. Continue reading at Book Riot
[ Book Riot | 2020-10-06 10:31:00 UTC ]
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The finalists for the National Book Awards in five categories have been named, and the winner in each category will be announced at a virtual ceremony in New York City on November 18. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-06 04:00:00 UTC ]
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The Victoria & Albert Museum is closing its dedicated bookshop and making 103 roles redundant across its retail and visitor experience teams as the Covid-19 crisis hits its finances. Continue reading at The Bookseller
[ The Bookseller | 2020-10-05 09:58:53 UTC ]
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Vice Media Group has named Ogilvy's Nadja Bellan-White to the role of global CMO, the publisher announced today. The newly created position will put Bellan-White in charge of the Vice portfolio's branding, communications and marketing internationally, leading the brand narrative for the... Continue reading at AdWeek
[ AdWeek | 2020-10-02 15:56:59 UTC ]
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Five finalists have been chosen by the jurors of PW Star Watch for 2020 from among a group of 40 honorees. A virtual party and the announcement of this year's Superstar will be held October 13. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-01 04:00:00 UTC ]
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Organizers of the 27th Beijing International Book Fair announce 1,400 exhibitors registered for their 'Smart Rights Link' online platform. The post Beijing International Book Fair Announces Rights Trading Success appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-30 20:14:52 UTC ]
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West End performer and author Carrie Hope Fletcher has advised industry professionals to mobilise their social media platforms and create "engaging, authentic" content to increase audiences. Continue reading at The Bookseller
[ The Bookseller | 2020-09-30 13:54:26 UTC ]
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The announcement of this year's Booker Prize winner is being postponed for two days until 19th November to avoid clashing with the publication date of Barack Obama's memoirs. Continue reading at The Bookseller
[ The Bookseller | 2020-09-29 16:18:43 UTC ]
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Laura Whitaker-Jones has joined Watkins Media as marketing and publicity manager, overseeing the marketing and publicity team for the Watkins, Nourish and Duncan Baird imprints. Continue reading at The Bookseller
[ The Bookseller | 2020-09-28 23:38:29 UTC ]
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Word of the new NEIBA Reading Challenge, aimed at radically reshaping the reading habits of booksellers in the region, came just hours before the announcement that only one charge would be brought against a police officer in the killing of Breonna Taylor—news that reverberated during the... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-24 04:00:00 UTC ]
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Eligible for books originally published in English or in translation, the FT-McKinsey program looks for work to 'stand the test of time.' The post UK and USA: Financial Times and McKinsey Announce a Business Book of the Year Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-23 20:22:39 UTC ]
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UK staffers at Penguin Random House have already been told they should again work from home if they can, following the step-change in government guidance as coronavirus infection rates rise. Continue reading at The Bookseller
[ The Bookseller | 2020-09-23 00:00:21 UTC ]
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After reporting success with a similar scheme in the US, Havas Media Group wants to make it easier for UK advertisers to buy digital media that targets underrepresented audiences. Continue reading at Media Week
[ Media Week | 2020-09-21 15:04:05 UTC ]
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Holtzbrinck's chief executive Stefan von Holtzbrinck has told staff that he took the decision for c.e.o. John Sargent to depart. Continue reading at The Bookseller
[ The Bookseller | 2020-09-18 01:24:09 UTC ]
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