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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From Greenville, S.C., to Lakeland, Fla., media company 6AM City is engaging audiences in communities across the southeastern U.S. with email newsletters in the spirit of The Skimm – but on a hyper-local level. In this episode, Co-Founder & COO Ryan Heafy discusses 6AM's business model,... Continue reading at Publishing Executive
[ Publishing Executive | 2020-05-18 12:31:36 UTC ]
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News and Events WLT Top row (left to right): Laurie Halse Anderson, Eric Gansworth, Meg Medina. Middle row: Linda Sue Park, Mitali Perkins, Jason Reynolds. Bottom row: Cynthia Leitich Smith, Laurel Snyder, Alex Wheatle Finalists for the 2021 NSK... Continue reading at World Literature Today
[ World Literature Today | 2020-05-14 16:39:10 UTC ]
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In another move to broaden its reach in the worldwide children’s book publishing market, Trustbridge has acquired Walker Books, the U.K.-based children’s publisher and owner of Candlewick Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-12 04:00:00 UTC ]
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News Corp is campaigning full-bore for the US president, with reports of a Wuhan lab ‘intelligence’ dossier being seeded across its empireIn liberal democracies, the integrity, impartiality and professionalism of intelligence agencies matters. That’s why it is essential that intelligence... Continue reading at The Guardian
[ The Guardian | 2020-05-08 03:41:08 UTC ]
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[caption id="attachment_180341" align="alignright" width="150"] Craig Perrault[/caption] Penske Media Corp. has promoted Craig Perrault to chief digital officer, a newly created role responsible for leading product strategy, business development, monetization and audience development across the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-07 15:03:14 UTC ]
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An aerospace company is planning a $4 million expansion of its facilities in West Chester Township, officials announced this week. Barnes Aerospace, a division of Connecticut-based Barnes Group Inc. (NYSE: B), is adding 3,400 square feet of space to its existing Maintenance, Repair and Overhaul... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-05-06 10:45:00 UTC ]
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Novelists Hilary Mantel, Maggie O'Farrell and Margaret Atwood are among the list of big-name writers and thinkers taking part in the first fully digital Hay Festival. Continue reading at The Bookseller
[ The Bookseller | 2020-05-06 10:09:46 UTC ]
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Congratulations to the winners of the 6th Annual Self-Published E-Book Awards! Grand Prize Steel Hand, Cold Heart by Rachel Menard (rachelmenard.com) Fantasy First Place Willow of Ashes by Ellie Raine (ellieraine.com) Honorable Mentions Fog & Mist: The Canens Chronicles,... Continue reading at Writer's Digest
[ Writer's Digest | 2020-05-05 14:08:04 UTC ]
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Hodder & Stoughton is to publish a new title in Elizabeth George's Inspector Lynley series next year. Continue reading at The Bookseller
[ The Bookseller | 2020-05-04 23:17:30 UTC ]
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The 2020 Pulitzer Prize winners in 15 Journalism and seven Book, Drama and Music categories were announced on Monday, May 4 at Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-04 19:36:09 UTC ]
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The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing. The post Cengage Announces a Termination of Its McGraw-Hill Merger Agreement appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-04 13:19:39 UTC ]
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An aerospace company is planning a $4 million expansion of its facilities in West Chester Township, officials announced Wednesday. Barnes Aerospace, a division of Connecticut-based Barnes Group Inc. (NYSE: B), is adding 3,400 square feet of space to its existing Maintenance, Repair and Overhaul... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-05-01 16:08:55 UTC ]
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At the beginning of our now apparently unending isolation, we put out a call asking that those of you who need something good to read in this trying, frightening time, might send us a few of your favorite books (and other things) so we could recommend a good book for you to read. And turns […] Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-01 08:49:36 UTC ]
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In this live episode of Ad Age Remotely, Condé Nast's chief revenue officer discusses how the publishing giant is navigating managing costs and ad revenue. Continue reading at Advertising Age
[ Advertising Age | 2020-04-30 14:45:12 UTC ]
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The International Publishers Association's African Publishing Innovation Fund with Dubai Cares is preparing a pandemic-year round of new bursaries. The post IPA and Dubai Cares Announce Aid for African Remote Learning Efforts appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-30 14:40:20 UTC ]
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In this live episode of Ad Age Remotely, Condé Nast's chief revenue officer discusses how the publishing giant is navigating managing costs and ad revenue. Continue reading at Advertising Age
[ Advertising Age | 2020-04-30 12:45:12 UTC ]
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Pondr hopes to raise at least $10 million this year and has already netted at least $1 million from Cargill heirs Whitney and Betty Macmillan. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-04-30 09:00:00 UTC ]
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In this live episode of Ad Age Remotely, Condé Nast's chief revenue officer discusses how the publishing giant is navigating managing costs and ad revenue. Continue reading at Advertising Age
[ Advertising Age | 2020-04-29 22:14:12 UTC ]
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The fallout from the COVID-19 pandemic is accelerating a planned shift from print to digital at Michigan-based BNP Media, where management has informed staffers that the company will be phasing out the print editions of all of its controlled-circulation trade magazines by the end of July. The... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-28 15:18:48 UTC ]
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If it wasn’t already obvious that the media industry was in dire straits before the coronavirus came along, it has become abundantly obvious now. Every day, it seems, news outlets large and small are announcing waves of furloughs, salary cuts, and layoffs for significant numbers of their... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-04-24 11:57:00 UTC ]
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