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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'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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A group of Amazon employees in the US is being paid to promote the company on Twitter. Continue reading at The Bookseller
[ The Bookseller | 2018-08-29 00:00:00 UTC ]
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Writers Chelsea Bieker, Lisa Chen, Lydia Conklin, Gabriela Garcia, Karen Outen, and Alison C. Rollins have been awarded the 2018 Rona Jaffe Foundation Writers’ Awards, which honors women writers early in their writing careers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-28 00:00:00 UTC ]
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With more than 240,000 titles, the South African ed-tech company Snapplify is working with communications provider Econet to make ebooks available to more African readers. The post South Africa’s Snapplify and Econet Wireless Announce Partnership for Digital Reading in Africa appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-28 00:00:00 UTC ]
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The US-based Chronicle Books has introduced a new partnership with Trustbridge Global Media to translate, publish and distribute up to 20 children's titles into Chinese in the first year. The post New Partnership Announced To Publish Chronicle’s Children’s Books in China appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-27 00:00:00 UTC ]
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Even Snapchat publishers are switching to video.Hearst's Sweet, the first Snapchat-only media property, is closing its daily digital magazine, but the brand will be kept alive with a new show under that name. Other video titles will be available as well. The publisher has fired some staff as a... Continue reading at Advertising Age
[ Advertising Age | 2018-08-24 00:00:00 UTC ]
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Established to let journalists publish books quickly about current political issues, the UK's independent press Byline Media will feature its first book–on responses to injustice–at its annual festival opening Friday. The post Political Publishing: Byline Media Launches Its New Issues-Driven... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-23 00:00:00 UTC ]
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Scheduling a two-day stop in New York City, the Teamwork Arts Jaipur Literature Festival also is scheduled for stints in September in Houston and Boulder. In New York, it's sponsored by the Asia Society. The post Jaipur Literature Festival Announces ‘JLF at New York’ in September appeared first... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-22 00:00:00 UTC ]
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A library in Canada will include a virtual reality storytelling project, Inanimate Alice, in its youth program to encourage literacy through digital media. The post Canada’s Fraser Valley Regional Library Announces VR Partnership for ‘Inanimate Alice’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-20 00:00:00 UTC ]
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This year's German Book Prize longlist for Germany's most prestigious literary prize includes authors Maxim Biller, Helene Hegemann, and other familiar names The post German Book Prize 2018 Longlist Announced: Familiar Names, Literary Diversity appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-15 00:00:00 UTC ]
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Campbell Brown, head of news partnerships, tells publishers that without Facebook’s help their businesses will dieA senior Facebook executive told Australian media companies that if they didn’t cooperate with the social network, their businesses would die.According to a report by The Australian,... Continue reading at The Guardian
[ The Guardian | 2018-08-14 00:00:00 UTC ]
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Publishers Weekly and Frankfurter Buchmesse have announced the "Top Honorees" of the fourth annual PW Star Watch program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-14 00:00:00 UTC ]
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Turning to the Universal Declaration of Human Rights at 70, Frankfurter Buchmesse is joining with the Börsenverein des Deutschen Buchhandels to create the #OnTheSamePage campaign. The post Frankfurter Buchmesse and Germany’s Börsenverein Announce Human Rights Campaign appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-09 00:00:00 UTC ]
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The four independent publishers announced as new additions to Ingram Publishers Services clients show a range of visual and topical idiom, two of them with roots in Europe. The post Industry Notes: Ingram Publisher Services Announces New International Illustrated Presses appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-09 00:00:00 UTC ]
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This week's hot books include a 1,000-page, five-volume German novel, and a Flemish debut. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-07 00:00:00 UTC ]
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Amazon pays only £38m a year in business rates in England and Wales, a Daily Mail investigation has found, while enjoying soaring turnover. Continue reading at The Bookseller
[ The Bookseller | 2018-08-07 00:00:00 UTC ]
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Among the notable book-to-film deals this week is a nonfiction book on women's suffrage which sold to Amblin TV with Hillary Clinton attached as a producer, and Netflix's purchase of a memoir by the founder of Nike. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-07 00:00:00 UTC ]
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An L.A. yogi strikes a six-figure deal, Berkley buys a debut at auction, Jill Soloway nabs the first two books for her new imprint at Amazon, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-03 00:00:00 UTC ]
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Fox News legal analyst Gregg Jarrett has the #1 book in the country with ‘The Russian Hoax.’ Plus Kevin Kwan’s ‘Crazy Rich Asians’ gets ready to hit the big screen, and newcomer Rosie Walsh’s ‘Ghosted’ gets some love from Liane Moriarty. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-03 00:00:00 UTC ]
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This week: a William Shakespeare mystery, plus the drug company that addicted America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-03 00:00:00 UTC ]
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