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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HQ has acquired the debut non-fiction book from Kate Fall, David Cameron’s former deputy chief of staff, to provide "an insider’s account of life at the heart of Number 10". Continue reading at The Bookseller
[ The Bookseller | 2019-10-01 06:34:06 UTC ]
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The Christian multimedia company 1517 Media whose imprints include Beaming Books, Fortress Press, and Augsburg Books, has acquired Lutheran University Press, Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-30 04:00:00 UTC ]
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[caption id="attachment_171661" align="alignright" width="150"] Emily Smith[/caption] Wild Sky Media has hired Emily Smith as its new CEO. Smith previously served as the company's SVP of content and marketing at Wild Sky Media, a role which Johanna Torres, formerly VP of content and editorial... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-26 17:39:26 UTC ]
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Last year, we introduced a brand new honor at our Eddie & Ozzie Awards gala—Magazine of the Year. Despite many of the challenges print faces, magazines continue to evolve and change in tandem with the industry, and we felt it was important to recognize the very best in our community. And... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-26 15:22:57 UTC ]
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Today, Cloud Atlas author David Mitchell announced his next project: Utopia Avenue, which will be first full-length novel since 2014’s The Bone Clocks. (I suppose he has some time now that he’s done writing The Matrix 4.) Mitchell said in his announcement that the idea for the book came in part... Continue reading at Literrary Hub
[ Literrary Hub | 2019-09-26 12:40:53 UTC ]
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Due out next summer, the novel will explore the power of music, following the career of the eponymous psychedelic bandCloud Atlas author David Mitchell is to tackle the story of “the strangest British band you’ve never heard of” in his first novel for five years, Utopia Avenue.Announcing the... Continue reading at The Guardian
[ The Guardian | 2019-09-26 10:42:58 UTC ]
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The book world can be a small one. We're playing a game of six degrees of separation, starting with Gabriel García Márquez, ending with Susan Sontag. Continue reading at Book Riot
[ Book Riot | 2019-09-26 10:41:27 UTC ]
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Earth can be an exhausting place, so let's look beyond our planet and explore these science fiction books about space and other worlds. Continue reading at Book Riot
[ Book Riot | 2019-09-24 10:35:51 UTC ]
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Someone needs to do a major rewrite of the Wikipedia article about Axel Springer because it’s not a digital publisher anymore like Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-09-23 18:00:02 UTC ]
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A total 11 titles are in contention this year in the Frankfurter Buchmesse's Film Awards program, which has its awards night at Frankfurt Pavilion. The post Frankfurter Buchmesse Announces 2019 Film Awards Shortlists appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-09-23 05:30:55 UTC ]
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Earlier this week, Active Interest Media, publisher of Better Nutrition, Yoga Journal and a slew of recently acquired former F+W titles, among many others, announced the launch of NatuRx, a new print and digital media brand with a self-described mission of "educating health-conscious consumers... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-19 18:48:19 UTC ]
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News and Events The Editors of WLT Today the New Yorker announced the longlist for the National Book Award for Translated Literature. With such a wealth of talent on display, we don’t envy the judges’ task. To aid you, the reader, in appreciating the... Continue reading at World Literature Today
[ World Literature Today | 2019-09-17 16:53:18 UTC ]
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The longlists for the five categories are being named this week. The winner in each category will be announced at a ceremony in New York City on November 20. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-17 04:00:00 UTC ]
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Kick in the new academic year with these high school manga series and the unusual campuses their characters attend every day. Continue reading at Book Riot
[ Book Riot | 2019-09-13 10:39:40 UTC ]
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The streaming, publishing, and distribution platform offering online global access to anime, manga, and other Asian pop content, has acquired a majority interest in Viz Media Europe Group, a key distributor of manga and anime in Europe. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-10 04:00:00 UTC ]
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Group Nine Media just raised $50 million from lead investor Discovery Inc. and partner Axel Springer SE, the company announced Monday. The digital media holding company also hinted that acquisitions may be on the horizon with the new increase in funds. Discovery initially invested $100 million... Continue reading at AdWeek
[ AdWeek | 2019-09-09 14:56:30 UTC ]
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In a letter, Reed's BookExpo event director Jennifer Martin announces a shortened trade show for 2020 despite what she says were successful bookseller programs in 2019. The post BookExpo Announces a Shorter Trade Show for 2020 in New York City appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-09-09 14:45:22 UTC ]
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An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot
[ Book Riot | 2019-09-06 10:30:08 UTC ]
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Among the week's headlines, sticker shock over S&S's new library e-book prices; ALA organizes a national campaign against Macmillan's e-book embargo; and what's the the future of school librarians? Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-06 04:00:00 UTC ]
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U.K. media companies from the Financial Times to The Guardian have reported growth in the last year, amid the boom of the Brexit-related news Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-09-04 16:35:32 UTC ]
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