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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And then there were two. (And Tulsi Gabbard.) On the last day of 2018, Elizabeth Warren fired the starting gun on the 2020 Democratic primary; yesterday, two days after her poor Super Tuesday returns, she dropped out of the race. After announcing her exit, Warren went outside her house to... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-03-06 12:48:00 UTC ]
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Staff at Hachette Book Group staged a walkout of its New York and Boston offices yesterday (5th March) in protest against its decision to publish Woody Allen’s autobiography. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 22:07:34 UTC ]
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Oprah Winfrey's interview with Jeanine Cummins, the embattled author or 'American Dirt,' which was criticized by Latinx activists for containing stereotypical depictions of Mexican immigrants, will air on March 6 at midnight. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-05 05:00:00 UTC ]
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Following the reunification of Viacom and CBS, Simon & Schuster's chief Carolyn Reidy tells the staff that its parent company will explore seelling The post Reidy to Staff: ViacomCBS Is Looking to Sell Simon & Schuster appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-03-04 17:27:00 UTC ]
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Many digital publishers looking for alternative revenue streams to advertising turn to subscriptions and commerce. But Minute mMedia, home to Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-03-03 18:30:12 UTC ]
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No staff members from Hachette Livre will be attending London Book Fair, the publisher has confirmed. Continue reading at The Bookseller
[ The Bookseller | 2020-03-03 09:43:47 UTC ]
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Two-year-old Endeavor Business Media announced yet another deal on Wednesday, acquiring Agora Communications—parent company of the Smart Water Summit and Smart Utility Summit, a pair of three-day conferences held annually in Ponte Vedra, Fla. Terms of the deal were not disclosed. The Endeavor... Continue reading at Folio Magazine
[ Folio Magazine | 2020-02-27 19:23:54 UTC ]
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Publishing Executive is launching a new show: the FUSE Media Podcast. In the spirit of our annual FUSE Media Summit, the podcast will spark year-round dialogue with leading digital media executives and technology experts across consumer and B2B publishing. Continue reading at Publishing Executive
[ Publishing Executive | 2020-02-27 17:02:56 UTC ]
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Publishing Executive is launching a new show: the FUSE Media Podcast. In the spirit of our annual FUSE Media Summit, the podcast will spark year-round dialogue with leading digital media executives and technology experts across consumer and B2B publishing. Continue reading at Publishing Executive
[ Publishing Executive | 2020-02-27 17:02:56 UTC ]
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Revenue at Houghton Mifflin Harcourt Books & Media fell 9.9% in 2019, to $180.0 million, and the division had a net loss of $8.1 million, compared to net income of $2.4 million in 2018. A decline in licensing income was cited as the main reason for the sales drop. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-27 05:00:00 UTC ]
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It’s an exciting year for the Los Angeles Times Book Prizes! This will be its 40th year of celebrating the literary community. The Times announced their 2019 Book Prize finalists today; the winners will be announced at a ceremony in Los Angeles on April 17th. Additionally, bestselling crime... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-19 17:41:26 UTC ]
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Bonnier Books UK has announced promotions for Ciara Lloyd, Beth Eynon and Madiya Altaf in its non-fiction team. Continue reading at The Bookseller
[ The Bookseller | 2020-02-19 15:27:11 UTC ]
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Mitchell Beazley has announced a new cookbook from Sabrina Ghayour, the author of Persiana, called Simply: Easy Everyday Dishes. Continue reading at The Bookseller
[ The Bookseller | 2020-02-17 21:53:49 UTC ]
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Here are six narrators, who, as of this writing, have each recorded less than five audiobooks. This reader can't wait to listen to them again. Continue reading at Book Riot
[ Book Riot | 2020-02-17 11:32:05 UTC ]
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Twelve Emirati writers appear during London Book Fair as part of the Market Focus Sharjah program, produced with the British Council. The post British Council Announces London Book Fair’s Sharjah Cultural Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-02-17 08:30:50 UTC ]
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Salman Rushdie is touring the UK and Ireland to celebrate the paperback release of his 2019 Booker Prize-nominated novel Quichotte. Continue reading at The Bookseller
[ The Bookseller | 2020-02-16 23:39:15 UTC ]
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The British Council, in partnership with the Sharjah Book Authority, has announced the Sharjah Market Focus Cultural Programme for the London Book Fair 2020, featuring 12 prominent writers from the UAE. Continue reading at The Bookseller
[ The Bookseller | 2020-02-16 19:53:13 UTC ]
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Serious thought is given to publishing troubling images, of death or distress for example, but even then context is keyOn the morning after the Streatham terror attack, the Guardian’s print edition carried a single-column photograph of the perpetrator, Sudesh Amman, at the bottom of the front... Continue reading at The Guardian
[ The Guardian | 2020-02-16 19:00:37 UTC ]
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Miami Herald and Kansas City Star publisher has suffered as readers give up traditional subscriptions and get news onlineThe publisher of the Miami Herald, the Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. Related: Controversy rages over... Continue reading at The Guardian
[ The Guardian | 2020-02-13 14:36:40 UTC ]
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Yesterday, people voted, their votes were counted, and we got (most of) the results. Normally, that observation would be routine, but it’s already been quite a year. Shortly before midnight, the Associated Press—which gave up on naming a winner in Iowa last week—projected that Bernie Sanders... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-02-12 13:10:44 UTC ]
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