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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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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Frankfurt’s new program with the World Intellectual Property Organization is intended to position book publishing amid accelerating content developments in the creative industries. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Boos: Issues Are ‘Evolving at an Extraordinary Pace’ s... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-17 09:00:09 UTC ]
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Digital Content Network, a trade body representing many publishers, told CEO Tim Cook as much. Continue reading at Publishing Executive
[ Publishing Executive | 2020-09-16 15:15:03 UTC ]
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Hanif Kureishi writes introduction to book edited from 120 hours of conversations from the Let It Be sessions, in tandem with Peter Jackson documentaryThe first official Beatles book since seminal Anthology in 2000 is to be published in August 2021.The Beatles: Get Back will tell the story of... Continue reading at The Guardian
[ The Guardian | 2020-09-16 13:00:23 UTC ]
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Today, the Whiting Foundation announced the five print and digital winners for its third annual Literary Magazine Prizes. Since launching in 2018, the Whiting Literary Magazine Prizes seek to recognize, reward, and support publications that actively nurture writers who produce extraordinary... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-16 12:00:53 UTC ]
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The planning team in Frankfurt begins to release details of its programming for publishing professionals, with several strands of participation. The post Frankfurter Buchmesse Announces Details of Its Digital Professional Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-09-16 11:30:01 UTC ]
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This week, the National Book Foundation is announcing the 2020 National Book Award longlists, from young people's literature to fiction, Wednesday through Friday. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-16 04:00:00 UTC ]
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Edinburgh University Press has reported a 2% rise in sales for the year to end 31st July 2020 and announced that c.e.o. Timothy Wright will retire next year. Continue reading at The Bookseller
[ The Bookseller | 2020-09-15 09:03:36 UTC ]
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Even for a prize that thrives on controversy, the omission of Hilary Mantel’s The Mirror and the Light from the Booker shortlist today is a big shock. Continue reading at The Bookseller
[ The Bookseller | 2020-09-15 07:24:12 UTC ]
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#Merky Books has announced the second annual #Merky Books New Writers’ Prize, a competition that aims to discover unpublished, underrepresented writers aged 16-30 from the UK and Ireland. Continue reading at The Bookseller
[ The Bookseller | 2020-09-14 02:02:20 UTC ]
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