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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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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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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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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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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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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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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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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We're giving away a $250 gift card to Barnes and Noble. To enter, just sign up for our Giveaways newsletter ... Continue reading at Book Riot
[ Book Riot | 2020-04-07 10:32:14 UTC ]
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Faber has revealed an online programme designed to "console, entertain and inspire readers", in light of the Covid-19 pandemic. Continue reading at The Bookseller
[ The Bookseller | 2020-04-07 00:22:57 UTC ]
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Penguin Random House UK has revealed it is furloughing "some" of its staff across the business, extending to staffers in its London office. Continue reading at The Bookseller
[ The Bookseller | 2020-04-06 23:18:38 UTC ]
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Bernardine Evaristo's Booker-winning Girl, Woman, Other (Hamish Hamilton) and Robert Harris' The Second Sleep (Cornerstone) both feature on the 12-strong longlist for the 2020 Glass Bell Award. Continue reading at The Bookseller
[ The Bookseller | 2020-04-05 17:10:42 UTC ]
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Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-04-03 21:34:37 UTC ]
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Among the big books that sold this week are a memoir by actor Billy Dee Williams and Elizabeth George’s 21st Inspector Lynley mystery. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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A 2014 picture book with the timely topic of patience returns Mo Willems to our list. Plus Broken Earth series author N.K. Jemisin launches a new trilogy with ‘The City We Became,’ and ‘Station Eleven’ author Emily St. John Mantel check in with ‘The Glass Hotel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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Six books, one each translated from Dutch, Farsi, German, and Japanese and two from Spanish, have made the shortlist for the 2020 International Booker Prize. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Asked whether, back in 2006, he could have possibly envisioned that the tech review blog he co-founded, using rented office space above an Oregon furniture store, would one day grow into a profitable digital media enterprise spanning three offices on two coasts and attracting talent from the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-31 17:01:10 UTC ]
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For publishing companies to survive a global crisis like the one we're in, Rich Antoniello's formula is 'brand, plus brains, plus balance sheet." He would know, having stewarded Complex through the 2008 financial crisis as CEO, the role he still holds now. But compared to that, the downturn... Continue reading at Digiday
[ Digiday | 2020-03-31 04:00:00 UTC ]
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Fresh off a print and digital redesign, The New Republic formally announced a handful of new editors and writers who have joined the team in recent months. Now on the staff as deputy editors are Katie McDonough, the former senior editor at Jezebel who joined the magazine in December, and Jason... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-26 18:39:34 UTC ]
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I often talk about how I created A Phoenix First Must Burn, my anthology of fantasy stories by black women authors, for my younger self, a girl who loved fantasy and science fiction and so desperately wanted to see herself in those worlds. It’s a strange experience to create the thing you wanted... Continue reading at Electric Literature
[ Electric Literature | 2020-03-25 11:00:00 UTC ]
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