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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'To spark a global conversation around the rapidly evolving rights-tech ecosystem,' the RightsTech: Europe conference will be staged by Digital Media Wire and Concurrent Media Strategies, with the Frankfurter Buchmesse. The post Frankfurter Buchmesse Announces the Inaugural RightsTech: Europe... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-03 00:00:00 UTC ]
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Sheryl Sandberg, the chief operating officer of Facebook Inc., told employees to investigate the financial interests of billionaire George Soros in response to his January criticism of the social media giant. Sandberg wanted to know if Soros had a financial incentive to criticize Facebook, the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-12-01 00:00:00 UTC ]
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It has been about two weeks since the New York Times published an exposé on Facebook's response to bad press and protests against it over the last couple of years. Since then, an outgoing exec took responsibility for hiring a PR firm, Definers... Continue reading at Engadget
[ Engadget | 2018-11-30 00:00:00 UTC ]
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St. Louis independent graphic novel publisher Lion Forge has announced a restructuring of the company that includes eliminating 12 positions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-11-29 00:00:00 UTC ]
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Digital news publisher and suddenly-strapped-for-cash Mic is in sales talks, according to sources familiar with the matter who speculated that Bustle Digital Group (BDG) or its founder, Bryan Goldberg, might end up buying it. Mic was founded in 2011 and has largely targeted millennials, covering... Continue reading at AdWeek
[ AdWeek | 2018-11-29 00:00:00 UTC ]
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#layoffs loom
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The five finalists for the PitchEd competition, run at FutureBook Live, have been announced. Continue reading at The Bookseller
[ The Bookseller | 2018-11-29 00:00:00 UTC ]
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BuzzFeed CEO Jonah Peretti floated the idea of a merger between big digital publishing companies. Here's how a merger could -- but ultimately won't -- help. The post Video Briefing: The pros and cons of a digital media merger appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-11-28 00:00:00 UTC ]
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Sequel to the Canadian author’s bestselling feminist dystopia will be published around the world in September 2019Margaret Atwood has announced a sequel to her bestselling feminist dystopian novel The Handmaid’s Tale, titled The Testaments. It will be published in September 2019.“Dear Readers,”... Continue reading at The Guardian
[ The Guardian | 2018-11-28 00:00:00 UTC ]
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Author James Patterson and Scholastic UK Book Clubs, part of Scholastic UK, have announced the list of 100 schools which are the winners of this year’s Big Book Giveaway. Continue reading at The Bookseller
[ The Bookseller | 2018-11-21 00:00:00 UTC ]
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BuzzFeed, Group Nine Media and other big digital publishers are floating the idea of merging to get better terms from Google and Facebook. It won't work. The post ‘Thinking along the wrong trajectory’: Digital media mergers won’t solve the duopoly problem appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-11-20 00:00:00 UTC ]
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The Romantic Novelists' Association (RNA) has announced a raft of inclusivity initiatives, including the launch of 10 new bursaries aimed at supporting a more diverse range of romantic fiction writing. Continue reading at The Bookseller
[ The Bookseller | 2018-11-16 00:00:00 UTC ]
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Thirty-six short stories were submitted for the first ever FutureBook speculative fiction competition run with digital reading platform the Pigeonhole. Continue reading at The Bookseller
[ The Bookseller | 2018-11-15 00:00:00 UTC ]
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#shortlist announced
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The Bookseller has announced the launch of Books in the Media, a new book reviews curation and aggregation service at booksinthemedia.thebookseller.com. Continue reading at The Bookseller
[ The Bookseller | 2018-11-14 00:00:00 UTC ]
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NEW YORK — Folio: is pleased to unveil its 2018 Folio: 100 Honorees. Each year, an elite group of media professionals are selected to represent the best and brightest minds in magazine and digital media today. The 2018 class of honorees includes: Hearst Magazine's Troy Young, National... Continue reading at Folio Magazine
[ Folio Magazine | 2018-11-07 00:00:00 UTC ]
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#yale club
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Inception's Bookful app has the advantage of the beloved Beatrix Potter content and other Penguin Random House brands on which to base its first six digital books. The post Inception Announces Bookful, an AR Platform Licensing Penguin Random House Brands appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-07 00:00:00 UTC ]
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#digital books
The Society of Authors (SoA) has expressed its sadness over the death over committee member, writer and author Eric Clark. Continue reading at The Bookseller
[ The Bookseller | 2018-11-07 00:00:00 UTC ]
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After stiffing publishers on money owed from its programmatic business, Defy Media, which operates popular YouTube brands such as Smosh and Clevver, shut down Tuesday.It's unclear exactly what prompted its closure, but the digital media company had been dealing with money problems. Back in June,... Continue reading at Advertising Age
[ Advertising Age | 2018-11-07 00:00:00 UTC ]
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#money owed
Former children’s laureate Chris Riddell has three books nominated for the 2019 CILIP Kate Greenaway Medal, whilst authors Sita Brahmachari, Juno Dawson and Emma Carroll appear twice on the list of nominations for the Carnegie Medal. Continue reading at The Bookseller
[ The Bookseller | 2018-11-06 00:00:00 UTC ]
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Penguin Random House UK has announced former US First Lady Michelle Obama will be appearing in conversation with novelist Chimamanda Ngozi Adichie at Southbank Centre’s Royal Festival Hall this December. Continue reading at The Bookseller
[ The Bookseller | 2018-11-03 00:00:00 UTC ]
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Investment firm Donerail Group and newspaper publishers McClatchy Co. and AIM Media have submitted bids for Tribune Publishing Co., according to people familiar with the matter. Tribune’s board is scheduled to meet early next week after bids for the assets came due Thursday, said the people, who... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-11-03 00:00:00 UTC ]
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