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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The National Book Foundation cycle of award announcements includes this year's group of '5 Under 35' emerging literary talents, 'whose debut titles provide a first look at their exceptional talent as fiction writers,' according to David Steinberger. The post National Book Foundation Announces... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-25 00:00:00 UTC ]
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The list features two debut novels, including one from the youngest author ever to make the list, in addition to a novel in verse from an award-winning poet. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-20 00:00:00 UTC ]
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Authors Gerry Cambridge and Linda Strachan are part of a group of nine authors who will work with schools in Scotland as part of Live Literature School Residencies Programme, organised by Scottish Book Trust. Continue reading at The Bookseller
[ The Bookseller | 2018-09-18 00:00:00 UTC ]
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HarperCollins has a range of products to tie-in with the upcoming release of the film "Fantastic Beasts: The Crimes of Grindelwald". Continue reading at The Bookseller
[ The Bookseller | 2018-09-18 00:00:00 UTC ]
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Where Jeff Bezos goes, other tech billionaires follow. The latest titan to invest in print media is Salesforce founder Marc Benioff who, along with wife Lynne, is buying Time magazine. The pair are using $190 million from their personal fortune to bu... Continue reading at Engadget
[ Engadget | 2018-09-17 00:00:00 UTC ]
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The longlist for the National Book Award for Nonfiction was announced on Wednesday, with books on history and social issues making up the bulk of the nominations. Notable titles on this year's list include Steve Coll's "Directorate S: The C.I.A. and America’s Secret Wars in Afghanistan and... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-14 00:00:00 UTC ]
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New winners in annual awards programs are Ida Vitale and Graciela Montes, as named by Mexico's leading international book fair organizers at Guadalajara. The post Guadalajara Book Fair Announces Awards in Young Adult Books and Romance Languages appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-14 00:00:00 UTC ]
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[caption id="attachment_109685" align="alignright" width="488"] Meredith Corp.'s Des Moines, Iowa headquarters.[/caption] Meredith has taken further steps in its long-term reorganization strategy that began after its acquisition of Time Inc. nearly two years ago. The Wall Street Journal first... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-13 00:00:00 UTC ]
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The National Book Foundation has announced its longlists for the 2018 National Book Awards. The five finalists in each category will be named on October 10, and the winner will be announced at a ceremony in New York City on November 14. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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The National Book Foundation has announced the 2018 National Book Award longlist for Young People’s Literature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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Taking in several historical perspectives, the newly announced shortlist for the coveted German Book Prize offers what the jury calls 'the sensuousness of another time, which always evokes ours.' The post The German Book Prize Announces Its 2018 Shortlist of Six Titles appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-12 00:00:00 UTC ]
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Edinburgh University Press saw a further year of rising sales for the 12 months to end July 2018, with total revenues of £3.43m, 6% up on the previous year. Continue reading at The Bookseller
[ The Bookseller | 2018-09-12 00:00:00 UTC ]
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E-textbook platform Bibliotech has raised $4.2m in its latest funding round and plans to double the size of its 15-strong software and sales team in London over the next two years. Continue reading at The Bookseller
[ The Bookseller | 2018-09-11 00:00:00 UTC ]
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The UK's relatively young Nayef Al-Rodhan Prize announces its shortlist, which honors nonfiction books that enhance 'global cultural understanding.' The post Nayef Al-Rodhan Prize Announces Its 2018 Shortlist in ‘Global Understanding’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-11 00:00:00 UTC ]
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More than two years into its controversial plan for library system consolidations, staff leadership shakeups at Russia's leading state libraries are part of a plan to eventually streamline and digitally network libraries across the country. The post Russian State Libraries’ Consolidation Program... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-07 00:00:00 UTC ]
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Unit sales of print books in the week ended Sept. 2, 2018, rose 6% over the comparable week in 2017 at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Microsoft has scheduled an event in New York City on Oct. 2, where the company is expected to release new Surface devices.Officially, the event is scheduled to update journalists on “how Microsoft is continuing to think about empowering every person on the planet to achieve more.” But it's... Continue reading at PC World
[ PC World | 2018-09-07 00:00:00 UTC ]
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Detroit-based Hour Media Group continued its nearly two-year-long regional magazine shopping spree this week, snatching up 38-year-old Gemini Publications, also based in Michigan, from longtime owner and publisher John Zwarensteyn. Included in the sale are the monthly Grand Rapids magazine, the... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-06 00:00:00 UTC ]
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Anil Narang and Carl Wistreich—chairman and CEO, respectively, of AC Business Media—have sold their majority stake in the Wisconsin-based trade magazine publisher to Florida-based private equity firm Boyne Capital, the two sides announced Thursday. Concurrent with the sale, former Grand View... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-31 00:00:00 UTC ]
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'Underlying operating revenue and profit numbers for Penguin Random House in US dollars have been stable year-over-year,' Markus Dohle tells PRH staff, following the half-year report from Bertelsmann. The post Germany’s Bertelsmann Reports a Half-Year Decline at PRH; Dohle Messages Staff... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-30 00:00:00 UTC ]
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