Vox Media Announces Layoffs for 6% of Its Staff

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

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ALA Announces Virtual Option for Canceled Annual Conference

The event, dubbed ALA Virtual—Community Through Connection, will offer "educational programming, special author events, and social networking" and is set to run from June 24-26, 2020. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
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Protocol layoffs raise some troubling questions

When Protocol, a new site focusing on technology coverage, launched in February, expectations were high. After all, the man behind the site—Robert Allbritton, who owns it through his holding company, Capital News—also helped create Politico, one of the most successful digital media companies of... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-23 11:45:31 UTC ]
More news stories like this | News stories tagged with: #american citizens #citing sources #homeland security #white house #intelligence community #news publisher #digital media


G/O Media Promotes Deadspin EIC Jim Rich to Editorial Director | People on the Move

[caption id="attachment_180020" align="alignright" width="150"] Jim Rich[/caption] G/O Media announced Wednesday that Deadspin editor-in-chief Jim Rich has been promoted to editorial director across the company's entire portfolio, which also includes sites like The A.V. Club, Gizmodo, Kotaku,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-22 19:47:03 UTC ]
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Longlist announced for Spread the Word’s Life Writing Prize 2020

The 12-strong longlist for this year's Spread the Word Life Writing Prize has been announced, with the prize open to UK writers who do not have an agent or have yet to publish a full-length work. Continue reading at The Bookseller

[ The Bookseller | 2020-04-21 20:48:32 UTC ]
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2020 Commonwealth Short Story Prize shortlist announced

The shortlist for this year's Commonwealth Short Story Prize has been announced, and features 20 entries from countries across the Commonwealth. Continue reading at The Bookseller

[ The Bookseller | 2020-04-21 15:26:21 UTC ]
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Coronavirus continues to take its toll on the media industry

It’s hard to imagine an industry more poorly prepared for the arrival of a global pandemic than the media business. Even before “coronavirus” became a household word, the industry was already reeling from a series of body blows, most of them delivered by Google and Facebook and their dominance... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-20 11:45:00 UTC ]
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Coronavirus is topic one among newly announced L.A. Times Book Prize winners

The 14 Times book prize winners, including Steph Cha, Namwali Serpell, Marlon James and George Packer, were honored in a virtual ceremony on Twitter. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-04-17 15:53:24 UTC ]
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The right-wing media’s rallying cry: anti-lockdown edition

On Monday, Joshua A. Bickel, on assignment for the Columbus Dispatch, took a photo that went viral. Bickel was in the Ohio statehouse, where he’d been sent, in the absence of a furloughed colleague, to film a briefing by Mike DeWine, the governor. His photo captured a group of protesters,... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-04-17 12:00:34 UTC ]
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Jury Announced for the 2021 NSK Neustadt Prize for Children’s Literature

News and Events Top Row (left to right): Jonathan Auxier, Monica Brown, Tanita S. Davis. Middle row: Adib Khorram, Sonia Patel, Randy Ribay. Bottom row: Cynthia Weill, Tanaya Winder, Janet Wong. World Literature Today, the University of Oklahoma’s... Continue reading at World Literature Today

[ World Literature Today | 2020-04-14 19:33:34 UTC ]
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Hachette UK offers NHS staff free e-books

Hachette UK has set up a new website to offer NHS workers across the country free e-books to thank them for their dedication during the pandemic.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-14 14:51:17 UTC ]
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University of Oklahoma’s Neustadt Prize Announces Its 50-Year Anniversary

News and Events WLT The Neustadt International Prize for Literature, one of the most prestigious global literary awards, has entered its 50-year anniversary at the University of Oklahoma. Often referred to as “the American Nobel,” the biennial award... Continue reading at World Literature Today

[ World Literature Today | 2020-04-14 14:03:16 UTC ]
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Vox Solicits Reader Contributions to Keep Its Content Free Amid Ad Declines

The near-simultaneous rush among publishers with subscription businesses to loosen their paywalls and provide free access to reporting on the COVID-19 pandemic has reignited long-standing debates about whether the news should fundamentally be free, even as ad-supported journalism (with some... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-10 16:17:19 UTC ]
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HarperCollins UK puts staff on furlough

Publisher HarperCollins has confirmed that it is placing a number of staff on furlough, both in its distribution centre and across the broader company. Continue reading at The Bookseller

[ The Bookseller | 2020-04-09 10:15:57 UTC ]
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Pulitzer Prize Awards Announcements Postponed

The Pulitzer Prize Board has postponed the announcement of the winners of the 2020 Pulitzer Prizes due to the COVID-19 pandemic. Continue reading at Book Riot

[ Book Riot | 2020-04-08 18:50:06 UTC ]
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6 of the Cutest and Newest Romance Manga You Can Read This Year

Are you into shoujo manga? Romance, sparkles, first loves and kisses? These 2020 romance manga will enchant you this year! Continue reading at Book Riot

[ Book Riot | 2020-04-08 10:35:35 UTC ]
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Winners of the 2020 Sheikh Zayed Book Award announced

The winners of the lucrative 2020 Sheikh Zayed Book Award have been announced, with literary UK Banipal Magazine winning the publishing and technology category.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-08 05:29:50 UTC ]
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Pulitzer Prize Board Postpones Announcement of 2020 Awards

The Pulitzer Prize Board has decided to postpone the 2020 award winners’ announcement. Originally scheduled for Monday, April 20, 2020, Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-07 20:59:16 UTC ]
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The Pulitzer Prize Board has postponed the announcement of the 2020 awards.

Just when you thought the cruelest month couldn’t get any crueler, the Pulitzer Prize Board has only gone and decided to postpone the most anticipated announcement in American letters . . . by two weeks. Originally scheduled for Monday, April 20, the Prizes in Journalism, Books, Drama, and Music... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-07 19:29:50 UTC ]
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Orwell Prize longlists for Political Writing and Political Fiction announced

Bernardine Evaristo, Amelia Gentleman and Kate Clanchy are among the longlisted authors for this year's Orwell Prize for Political Writing and Orwell Prize for Political Fiction. Continue reading at The Bookseller

[ The Bookseller | 2020-04-07 16:58:58 UTC ]
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Oprah has announced her April book club pick.

On today’s CBS This Morning, Oprah Winfrey announced her April book club selection: Robert Kolker’s Hidden Valley Road: Inside the Mind of an American Family. Kolker book is a work of narrative nonfiction—with elements of biography, reportage, and scientific investigation—about the life of a... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-07 14:36:54 UTC ]
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