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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Publishers Weekly has selected 150 books across a wide range of categories for their best books of 2023. Continue reading at Book Riot
[ Book Riot | 2023-10-27 14:36:13 UTC ]
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Black horror pioneer Tananarive Due helps us pick 6 great books from the genre, from a Toni Morrison classic to a new anthology by Jordan Peele. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-10-26 10:00:53 UTC ]
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Oprah has chosen her 103rd book club pick. It's the latest from a two-time National Book Award winner and one of our great modern writers. Continue reading at Book Riot
[ Book Riot | 2023-10-24 17:43:43 UTC ]
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The Hugos and several other major science fiction award winners were announced this week. Continue reading at Book Riot
[ Book Riot | 2023-10-23 14:50:11 UTC ]
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The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these... Continue reading at Engadget
[ Engadget | 2023-10-16 15:52:41 UTC ]
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If you somehow missed the Fosse train before his big Nobel win earlier this month, here’s another chance to get on board. Six chances, in fact. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-13 04:00:00 UTC ]
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Acclaimed novelist Salman Rushdie is releasing a memoir about his experience being attacked on stage last year. Continue reading at Book Riot
[ Book Riot | 2023-10-11 15:57:11 UTC ]
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The author describes the book, subtitled Meditations After an Attempted Murder, as ‘a way to take charge of what happened, and to answer violence with art’Salman Rushdie’s memoir Knife, about being stabbed last year, will be published on 16 April next year, Penguin Random House has announced.The... Continue reading at The Guardian
[ The Guardian | 2023-10-11 13:36:53 UTC ]
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Judges praise the final six ‘exquisite and ambitious’ works in contention for the £50,000 award for nonfictionBooks tackling climate change, China, the NHS, European revolutions, ballet and music feature on the shortlist for this year’s Baillie Gifford prize for nonfiction.The six-long list... Continue reading at The Guardian
[ The Guardian | 2023-10-08 19:00:48 UTC ]
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Among the week's headlines: ALA executive director Tracie D. Hall resigns; how a new 'harmful to minors' rule is playing out in Missouri; and 'USA Today' reports on the website fueling book bans across the nation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-06 04:00:00 UTC ]
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Six books are up for the award celebrating innovative fiction, including Benjamin Myers’ account of St Cuthbert and a ‘great trans novel’ set in a small northern townA bildungsroman, a story within a story and two novels set across a single day feature in the six-book shortlist for this year’s... Continue reading at The Guardian
[ The Guardian | 2023-10-04 19:30:02 UTC ]
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The German publishers association is organizing a Frankfurt Book Fair event to discuss reduced books and literature coverage across the country's news media. The post At Frankfurt: Demand for More Books and Cultural Media Coverage appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-03 23:29:59 UTC ]
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The inductees will be honored at New York Comic Con on Oct. 13. Five are from the world of superheroes, and one is a pioneer of underground comics. Continue reading at The New York Times
[ The New York Times | 2023-10-03 14:00:11 UTC ]
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The National Book Foundation has announced the 2022 National Book Award longlists. Five finalists in each of the five categories will be announced at an awards ceremony on November 15. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-03 04:00:00 UTC ]
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The National Book Foundation has revealed the five finalists for the 2023 National Book Award for Young People's Literature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-03 04:00:00 UTC ]
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Business and financial news publisher Bloomberg Media is restructuring its sales and marketing divisions around industries like tech, finance, auto, luxury and consultancy, rather than geography, to streamline operations and strengthen its appeal to advertisers, according to chief revenue... Continue reading at AdWeek
[ AdWeek | 2023-09-28 10:30:00 UTC ]
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Publishers who attended the Digiday Publishing Summit opened up about their top challenges, concerns and curiosities during closed-door, anonymous town hall meetings. Continue reading at Digiday
[ Digiday | 2023-09-21 04:01:00 UTC ]
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The six-book shortlist for this year's Booker Prize for Fiction includes books by the Americans Jonathan Escoffery and Paul Harding. The winner will be announced on November 26. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-21 04:00:00 UTC ]
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During the Digiday Publishing Summit, the COO of VMG’s news and entertainment arm explained how its publishing business plans to bounce back over the next 12 to 18 months. Continue reading at Digiday
[ Digiday | 2023-09-20 04:01:00 UTC ]
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The awards ceremony for the German Book Prize is set for Frankfurt on October 16 before the start of Frankfurter Buchmesse. The post The German Book Prize Announces Its 2023 Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-09-19 18:55:02 UTC ]
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