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
Registration opens for London Book Fair's Writers' Summit programming for authors on March 10, opening day of the 2020 fair. Author HQ program is included. The post Industry Notes: London Announces Writers’ Summit; Reed Completes India Event Buys appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-12-02 06:30:47 UTC ]
More news stories like this | News stories tagged with:
#registration opens
#opening day
The finance and business news publisher expects to offer the stock performance prediction tool as a standalone subscription product. Starting next year, Forbes reporters will have access to Quantalytics' insights to incorporate into stories. The post Forbes Media acquires stock prediction tool... Continue reading at Digiday
[ Digiday | 2019-12-02 05:00:25 UTC ]
More news stories like this | News stories tagged with:
#news publisher
Guide to Literary Agents editor Robert Lee Brewer announces the Guide to Literary Agents 2020, including what's included in the 29th annual edition of the most trusted guide to getting an agent. The post Announcing the Guide to Literary Agents 2020! by Robert Lee Brewer appeared first on... Continue reading at Writer's Digest
[ Writer's Digest | 2019-11-28 14:43:13 UTC ]
More news stories like this | News stories tagged with:
#post announcing
#literary agents
Watkins Media is offering its first paid internship scheme starting in January 2020. Continue reading at The Bookseller
[ The Bookseller | 2019-11-27 12:12:16 UTC ]
More news stories like this | News stories tagged with:
#watkins media
HarperCollins has acquired “a heartwarming tale” of the friendship between car crash survivor Kerry Irving and Max the Springer Spaniel after their story proved a social media hit. Continue reading at The Bookseller
[ The Bookseller | 2019-11-25 11:02:19 UTC ]
More news stories like this | News stories tagged with:
#harpercollins
Penguin Random House has confirmed it will begin a staggered move to Embassy Gardens from April 2020. Continue reading at The Bookseller
[ The Bookseller | 2019-11-21 17:46:33 UTC ]
More news stories like this | News stories tagged with:
#prh staff
#penguin random house
The 2019 National Book Award winners have been announced! Hosted by LeVar Burton, the 70th National Book Award ceremony was a night of storytelling! Continue reading at Book Riot
[ Book Riot | 2019-11-21 12:22:37 UTC ]
More news stories like this | News stories tagged with:
#national book award
The 2019 National Book Award winners were announced in New York City tonight. The big prize for Fiction went to Trust Exercise by Susan Choi (Bonus: Read our 2019 interview with Choi). In his opening remarks for the 70th annual ceremony, host Levar Burton spoke about the power of books... Continue reading at The Millions
[ The Millions | 2019-11-21 03:04:39 UTC ]
More news stories like this | News stories tagged with:
#trust exercise
#national book award
Tribune Publishing Company (NASDAQ: TPCO), one of the nation’s leading media companies, today announced that funds managed by Alden Global Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-11-20 15:37:42 UTC ]
More news stories like this | News stories tagged with:
#major shareholder
#today announced
Whether you're a regular comic reader or a movie fan, these novels based on comic book characters provide more content with your favorites. Continue reading at Book Riot
[ Book Riot | 2019-11-20 11:42:34 UTC ]
More news stories like this | News stories tagged with:
#novels based
#comic book
Andy Ward has been named a new vice president and publisher at Random House. Formerly editor in chief, Ward moves into the spot long held by the beloved Susan Kamil, who died in September. Ward has edited the likes of David Mitchell, George Saunders, and Imbolo Mbue, and will see his role as... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-19 15:22:43 UTC ]
More news stories like this | News stories tagged with:
#andy ward
#vice president
#random house
#david mitchell
#george saunders
#imbolo mbue
#largest book
HarperCollins Children’s Books is publishing a new "showstopping" children's picture book from author–illustrator team David Walliams and Tony Ross, called The Creature Choir, in time for Christmas. Continue reading at The Bookseller
[ The Bookseller | 2019-11-18 16:36:42 UTC ]
More news stories like this | News stories tagged with:
#harpercollins children
#tony ross
#harpercollins
#picture book
After Hearst Connecticut Media reported on a lawsuit alleging past sexual abuse at the Boys & Girls club in Greenwich, Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-11-15 08:00:25 UTC ]
More news stories like this | News stories tagged with:
#hearst
From emerging social networks and distribution channels, to evolving KPIs, to constant demands to become more data- and insight-driven, editing in the platform age is a complicated and ever-changing game. Luckily, the experts are here to help. For those of you who couldn't join us at the Folio:... Continue reading at Folio Magazine
[ Folio Magazine | 2019-11-13 19:04:28 UTC ]
More news stories like this | News stories tagged with:
#facebook groups
#wednesday afternoon
#fundamental shift
#meredith corp
#weekly basis
#smart speakers
#digital media
Politico Publisher and media executive Robert Allbritton is launching a new digital media and events company it's dubbed Protocol, focused on “people, power and politics of tech,” bringing on high-profile names to run the latest entry in an increasingly competitive landscape. The new company,... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-11-13 17:43:49 UTC ]
More news stories like this | News stories tagged with:
#digital media
At Endeavor Business Media—the Nashville-based company founded by former SouthComm CEO Chris Ferrell just two years ago—2019 is ending the same way it began: with a significant, acquisition-fueled expansion. Nine months after doubling its portfolio by acquiring more than 20 former PennWell... Continue reading at Folio Magazine
[ Folio Magazine | 2019-11-11 18:34:39 UTC ]
More news stories like this | News stories tagged with:
#full list
#early august
#chris ferrell
#informa plc
#digital media
The long-predicted digital media consolidation has finally come to pass. More than 100 online publishing companies are on pace to be sold this year, highlighted by the recent purchases of Refinery29, PopSugar and New York Magazine. The impetus for the sudden deal velocity is the direct result of... Continue reading at AdWeek
[ AdWeek | 2019-11-11 16:49:21 UTC ]
More news stories like this | News stories tagged with:
#york magazine
#direct result
#online publishing
#digital media
[caption id="attachment_174829" align="alignright" width="150"] Rachel Kay[/caption] On Wednesday, Hearst announced the hiring of Rachel Kay as vice president of talent, a newly created role that will advance talent recruiting programs across the company. Reporting directly to Hearst COO Mark... Continue reading at Folio Magazine
[ Folio Magazine | 2019-11-07 21:17:21 UTC ]
More news stories like this | News stories tagged with:
#consumer products
#white papers
#custom content
#reilly media
#american express
#hearst
Two digital media veterans say the industry isn’t dying, just taking a different shape. Bleak headlines about the demise of the media world seem to appear almost daily. Is it possible for digital media to even survive?Read Full Story Continue reading at Fast Company
[ Fast Company | 2019-11-07 16:45:58 UTC ]
More news stories like this | News stories tagged with:
#media world
#digital media
Digital media company Minute Media is in talks to buy the Players’ Tribune, a website started by former baseball star Derek Jeter, according to people familiar with the matter. While the companies... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-11-07 10:57:10 UTC ]
More news stories like this | News stories tagged with:
#people familiar
#digital media