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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Almost evenly divided between fiction and nonfiction, the 2019 Wellcome Book Prize longlist features issues of gender, identity, mental health and medicine. The post Wellcome Book Prize Announces Its 10th Anniversary Longlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-05 00:00:00 UTC ]
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When it debuted in 2006, BuzzFeed quickly became a social media sensation. Its listicles, quizzes and funny videos went viral and created a huge audience online. The New York-based start-up later hired hundreds of journalists to do serious journalism, creating a platform that many saw as the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-02-03 00:00:00 UTC ]
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The 48 subject category winners of the 2019 PROSE Award cycle from the Association of American Publishers will yield four top category titles and an overall winner. The post AAP Announces 2019 PROSE Award Category Winners, Board Officers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-01 00:00:00 UTC ]
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A time of reckoning in digital media is upon us, and it’s time to take a closer look at the numbers. The post The Rundown: Wave of layoffs has publishers concerned appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-31 00:00:00 UTC ]
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Women’s lifestyle website The Pool is reportedly in crisis talks, with staff yet to receive their January wages. Continue reading at The Bookseller
[ The Bookseller | 2019-01-31 00:00:00 UTC ]
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Media mergers between BuzzFeed and other top digital publishers are exciting to think about. But don't bet on them happening anytime soon. The post Video Briefing: BuzzFeed layoffs prompt new talk of mergers appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-30 00:00:00 UTC ]
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Reporter says every member of the news team received a letter about redundancies on Tuesday morningThe Australian arm of BuzzFeed will have to cut 11 staff as a global downsizing strategy targets 200 of the digital publisher’s international workforce.BuzzFeedOz news reporter Alice Workman said... Continue reading at The Guardian
[ The Guardian | 2019-01-29 00:00:00 UTC ]
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James Ashton reflects on the last few years of Oscar's Book Prize—and what he hopes to see submitted in 2019. Continue reading at The Bookseller
[ The Bookseller | 2019-01-29 00:00:00 UTC ]
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The lengthy list of Youth Media Awards from the ALA includes the Mildred L. Batchelder Award for young readers' content translated into English. The post American Library Association’s Youth Media Awards Include Daciūtė’s ‘Fox’ in Translation appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-29 00:00:00 UTC ]
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The athlete-centric sports publisher has laid off eight employees as the business undergoes a strategic shift. The post Bad week for digital media: The Players’ Tribune lays off eight appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-26 00:00:00 UTC ]
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Audio publishers are finalizing their new titles for spring, and we’ve selected some highlights of the season ahead. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-25 00:00:00 UTC ]
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Time Warner Investments was one of the most prominent backers of publishing, video and advertising technology companies. The post WarnerMedia shuts investment arm that backed Mic, Mashable and other digital media startups appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-25 00:00:00 UTC ]
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The nonprofit organization PEN America announced the finalists for their annual literary awards on Thursday, with books by Ada Limón, Richard Powers, Tommy Orange and Ling Ma among the nominees. Powers' novel "The Overstory" and Limón's poetry collection "The Carrying" made the shortlist for the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-01-24 00:00:00 UTC ]
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WH Smith has reported a “strong trading performance” for Christmas trading, with total sales up 6%. Continue reading at The Bookseller
[ The Bookseller | 2019-01-24 00:00:00 UTC ]
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Online publisher announces job losses to shore up finances as Verizon unveils plan to sack 800 workersBuzzFeed has announced plans to lay off hundreds of staff, as digital media firms struggle to turn a profit while dealing with the same financial issues that have plagued traditional publishers... Continue reading at The Guardian
[ The Guardian | 2019-01-24 00:00:00 UTC ]
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After the recent reorganization of Crown that Penguin Random House unveiled, the company has made some additional changes and promotions in the unit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-23 00:00:00 UTC ]
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Alabama-based publisher Iron Stream Media, which recently acquired New Hope Publishers, is launching three new imprints for the Christian marketplace: Ascender Books, Iron Stream Books, and New Hope Kidz. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-23 00:00:00 UTC ]
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The National Book Critics Circle has announced 31 finalists in six categories––autobiography, biography, criticism, fiction, nonfiction, and poetry––for the annual National Book Critic Circle Awards. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-22 00:00:00 UTC ]
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President Donald Trump purports to hate “fake news” but he seems to have no problem with fake photos. At least that’s what Gizmodo discovered when it started carefully looking at the images on Trump’s official Facebook and Instagram accounts and discovered photos of the president that make him... Continue reading at Slate
[ Slate | 2019-01-22 00:00:00 UTC ]
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