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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After decades of gathering Spanish-language magazines and newspapers in his office—thousands of them—Kirk Whisler started looking around for a more formal place to archive this collection. Whisler is president of Fallbrook, Calif.-based Latino 247 Media Group, a founding member of the National... Continue reading at Advertising Age
[ Advertising Age | 2019-08-13 13:31:00 UTC ]
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Peter Dutton says federal police should consider ‘public interest implications’ before investigating leaks that involve journalistsHome affairs minister Peter Dutton has given new directions to the Australian federal police on investigations into journalists and media organisations.The decision... Continue reading at The Guardian
[ The Guardian | 2019-08-09 07:01:12 UTC ]
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The Specialty Graphic Imaging Association (SGIA), a printing industry trade group, announced this week that it has acquired NAPCO Media—the Philadelphia-based B2B publisher of Book Business, Printing Impressions and Publishing Executive, among a handful of other titles—for an undisclosed... Continue reading at Folio Magazine
[ Folio Magazine | 2019-08-08 18:53:40 UTC ]
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Keep the technology-inspired horror and thrill going with six short stories for fans of BLACK MIRROR--just don't read them on your ereader! Continue reading at Book Riot
[ Book Riot | 2019-08-08 10:35:58 UTC ]
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Punny cozy mystery titles have always been among the most fun on bookstore and library shelves. Here are twelve new cozies with puns to make you laugh. Continue reading at Book Riot
[ Book Riot | 2019-08-07 10:38:11 UTC ]
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It’s a challenging time in the digital media industry. BuzzFeed Inc. and Vice Media Inc., which defined a generation of news SmartNews Inc. announced Sunday a new investment valuing the business at... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-08-05 20:24:37 UTC ]
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'Permanent Record,' a memoir by former CIA agent Edward Snowden, will be published globally by Macmillan on September 17. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-01 04:00:00 UTC ]
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Hearst announced today that Michael Sacks has been named publisher of the San Antonio Express-News. He succeeds Susan Pape, who will Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-07-31 20:28:38 UTC ]
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Inquiry told leaks to media can have ‘catastrophic’ consequences and federal police’s independence and press freedom are not ‘inherently in conflict’The Australian federal police has pushed back against calls for greater safeguards on the issue of warrants that interfere with press freedom,... Continue reading at The Guardian
[ The Guardian | 2019-07-31 07:30:13 UTC ]
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Waterstones owners Elliott Advisors have approved a company-wide 4% bonus, following a "pretty good" financial year "driven above all by better book sales", according to m.d. James Daunt. Continue reading at The Bookseller
[ The Bookseller | 2019-07-31 02:35:31 UTC ]
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Peak Media Properties, a new company owned by Terence O’Toole’s private investment vehicle Macanta Investments, LLC, launched on Monday to house 20 former F+W Media crafts, design and fine arts titles. F+W’s former Artist’s Network and Crafts communities, which includes Artists Magazine, The... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-30 19:32:49 UTC ]
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The Ripped Bodice bookstore announced a new award: The Ripped Bodice Awards for Excellence in Romantic Fiction. Check out the panel of judges! Continue reading at Book Riot
[ Book Riot | 2019-07-24 19:31:39 UTC ]
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In these novels, the idyllic images of life on the road are replaced by something more sinister. Continue reading at The Washington Post
[ The Washington Post | 2019-07-24 15:55:08 UTC ]
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After F+W Media filed for chapter 11 bankruptcy protection and auctioned off its portfolio of 50 magazines earlier this year, Active Interest Media’s Cruz Bay Publishing placed the winning bids for 14 total brands across the Woodworking, Writing, Horticulture and Collectibles Groups, in order... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-23 18:09:05 UTC ]
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Independent audiobook publisher RB Media is redoubling its politics and current events publishing with the creation of a new imprint, Kalorama Audio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-23 04:00:00 UTC ]
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More than 125 firefighters are tackling a blaze at an east London shopping centre, which includes the Walthamstow branch of Waterstones, as police declare a major incident. Continue reading at The Bookseller
[ The Bookseller | 2019-07-21 15:42:51 UTC ]
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Digital media company Copa90 created clubhouses in Paris and Lyon to give its brand a boost IRL just like physical retail helps D2C startups grow. As the reigning Ballon d’Or winner, Ada Hegerberg is the best female soccer player on the planet. But the Norwegian star, who plays professionally in... Continue reading at Fast Company
[ Fast Company | 2019-07-20 07:00:27 UTC ]
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News and Events WLT From left to right: Top: Emmanuel Carrère, Jorie Graham, Jessica Hagedorn. Middle: Eduardo Halfón, Ismail Kadare, Sahar Khalifeh. Bottom: Abdellatif Laâbi, Lee Maracle, Hoa Nguyen. World Literature Today, the University of... Continue reading at World Literature Today
[ World Literature Today | 2019-07-19 14:45:14 UTC ]
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The age-old sacred barrier that once separated media companies' editorial and sales teams has all but disappeared in the age of branded content and marketing services—and that isn't necessarily a bad thing, a panel of media-company CEOs suggested at a recent Folio:-hosted roundtable in New... Continue reading at Folio Magazine
[ Folio Magazine | 2019-07-18 17:39:35 UTC ]
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This morning, the Whiting Foundation has announced the winners of the second annual Literary Magazine Prizes, which are given “for superb publishing, advocating for writers, and strengthening the literary community.” This year, the number of awards was increased from three to five, with two new... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-18 13:00:28 UTC ]
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