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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Davler Media has acquired the 29-year-old monthly Staten Island Parent magazine from founding publisher Roselle Farina-Hecht, growing its NYMetroParents portfolio to comprise eight local magazines and "completing its footprint" in the greater New York City area, according to an announcement... Continue reading at Folio Magazine
[ Folio Magazine | 2018-07-30 00:00:00 UTC ]
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The financial news publisher's new display ad can be customized on the fly based on how viewers respond to them. The post Bloomberg Media takes a stab at overhauling the display ad appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-07-27 00:00:00 UTC ]
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Opening a new era of collegial exchange and professionalism that reflects its international drawing power, the former Jerusalem International Book Fair runs May 12 to 15 in its new conceptualization as the Jerusalem International Book Forum. The post A Reconstituted, Renamed Jerusalem... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-27 00:00:00 UTC ]
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IDW founder and longtime CEO Ted Adams is stepping down and will be replaced by Kerry McCluggage, a former TV executive and current member of the IDW board of directors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-26 00:00:00 UTC ]
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'Slavery, ecology, missing persons, inner-city violence, young love, prisons, trauma, and race' all are said to figure into the Man Booker Prize for Fiction longlist, as the award starts its second 50 years of competition. The post The 2018 Man Booker Prize for Fiction Longlist Is Announced in... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-24 00:00:00 UTC ]
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If ads.txt has a loophole, it's the trust required that all members of the programmatic supply chain are validating publishers' inventory. The post Ads.cert is the digital media’s latest effort to combat fraud appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-07-24 00:00:00 UTC ]
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Tom Baldwin’s account of the abusive relationship with the truth in media and politics is lucid, punchy and often funnyLet’s begin with the parable of the triple-breasted woman. A couple of years in advance of Donald Trump’s arrival at the White House and before the term “fake news” had caught... Continue reading at The Guardian
[ The Guardian | 2018-07-23 00:00:00 UTC ]
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The coming together of the United States' two PEN chapters has given the organization a chance to refocus its Bingham Prize for debut short stories, and it will be awarded in February. The post PEN America Announces Refocused Short Story Debut Award, the Bingham Prize appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-19 00:00:00 UTC ]
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Hiring more employees of colour and seeing stories with BAME characters as normal, not niche, are just some ideas suggested by the book industry following a damning report which revealed that only 4% of all the children’s books published in the UK last year featured a black, Asian or minority... Continue reading at The Bookseller
[ The Bookseller | 2018-07-19 00:00:00 UTC ]
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The ebook publishing platform PublishDrive founded three years ago in Hungary has a retail agreement with China's online retailer Dangdang. The post PublishDrive Announces Partnership with Chinese Retailer Dangdang appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-19 00:00:00 UTC ]
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Today, Netflix announced the first TV shows and movies based on comic book writer Mark Millar's properties. Netflix will add two television series and three movies to its original programming. Continue reading at Engadget
[ Engadget | 2018-07-17 00:00:00 UTC ]
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Today’s consumers expect access to content, whenever and however they want, putting media and publishing companies under extreme pressure to meet this demand cost-effectively. Faced with diminishing revenues from traditional advertising and subscriptions they must find new ways to drive revenue... Continue reading at Digiday
[ Digiday | 2018-07-11 00:00:00 UTC ]
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This season’s list includes many titles from big-name figures that address how spiritual thinking can help to bridge divides, be they personal, social, spiritual, or political. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-06 00:00:00 UTC ]
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Junot Diaz has conducted his first media interview since allegations of sexual impropriety against him surfaced, with the author saying he was “shocked” by the accusations whilst maintaining his innocence. Continue reading at The Bookseller
[ The Bookseller | 2018-07-03 00:00:00 UTC ]
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The digital media company founded in 2012 will now be part of a publicly traded Japanese firm. Atlantic Media has agreed to sell its business-and-tech news outlet Quartz to publicly traded Japanese firm Uzabase, in a deal worth between $75 million and $110 million. The deal is set to close... Continue reading at Fast Company
[ Fast Company | 2018-07-02 00:00:00 UTC ]
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The new crop of fall audiobooks is here, and all the most popular genres are represented as the audio publishing segment continues to enjoy an era of plenty. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-29 00:00:00 UTC ]
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Chris Ferrell, Patrick Rains and company are returning to SouthComm, Inc.—or, perhaps more accurately, SouthComm is returning to them. Endeavor Business Media—the firm launched by Ferrell just weeks after his departure from SouthComm last November as part of a "change in strategic direction" at... Continue reading at Folio Magazine
[ Folio Magazine | 2018-06-26 00:00:00 UTC ]
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With plans for multiplatform development to follow, the allegorical fantasy writings of Italian author Roberto Ricci are coming first to television. The post Finnish Digital Media Fund IPR.VC Backs Development of YA Book Series for Television appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-25 00:00:00 UTC ]
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David Carey's announcement that he's stepping down after nine years as president of Hearst Magazines came out of the blue for most employees at the Hearst Corp. division, which publishes brands including Cosmopolitan, Elle, Esquire and Car and Driver. Carey said Monday that he will become a... Continue reading at Advertising Age
[ Advertising Age | 2018-06-25 00:00:00 UTC ]
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Digital publishers want to launch linear TV channels and are willing to give them away for free, but that move carries some risk. The post Digital media companies chasing TV hope for carriage fees, but it’s no guarantee appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-06-22 00:00:00 UTC ]
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