Executives at Cond? Nast, the international media company that includes publications like Vanity Fair, Vogue, GQ and The New Yorker, will temporarily reduce pay and consider the number of layoffs it has to make in response to COVID-19’s impact on its business, CEO Roger Lynch told staffers in an email today. “[I]t’s very likely our…
Carolyn Everson, Facebook’s vice president of global marketing solutions, has her hands full. And not just because she’s overseeing the social network’s advertising division in the midst of the coronavirus lockdown–she has eight people in her New Jersey home. Plus six dogs. “It’s crazy,” she said during a recent interview over Zoom, as she bounced…
Layoffs and furloughs are hitting national media companies, many of which have a portfolio of publications, this week amid the international coronavirus crisis that’s sure to put a strain on many–if not all–industries. These staffing changes are hitting alt-weeklies, a business model dependent on advertisements from local businesses and editorial content largely centered around features…
The popularity in which readers are consuming coronavirus coverage has led to some record-shattering page views for media organizations, at least according to Parse.ly, a measurement website used by a slew of those publications. Media execs aren’t exactly eager these days to talk about how they’re planning to profit on the one topic that seemed…
Media is a people business built on relationships. Whether it’s a night out at a concert, a conversation over drinks or the not-so-secret secret jeans parties and Apple picking, the relationship between buyer and seller starts and ends with face-to-face communication. Pressing the flesh wins deals in ways that spray-and-pray pitches don’t. But when the…
As the workforce starts to work remotely, employees quickly realize working from home can have its fair share of distractions. We are creatures of habit, and the workweek–let alone going to the office–is full of rituals. But when routines get flipped, you might find yourself doing certain things during the day that you’d otherwise do…
The New York Times Magazine is using this week to prepare for what is looking to be inevitable for more offices: what the workflow will look like when employees are working from home because of the ongoing coronavirus outbreak. It doesn’t seem like the transition will be straightforward for the more than 100-year-old magazine, delivered…
It wasn’t until 1999 that Time changed the name of its best-known franchise, Man of the Year (established in 1927) to the more gender-neutral Person of the Year. Now, Time is making up for the delay with a new multimedia project called “100 Women of the Year: the Leaders, Innovators, Activists, Entertainers, Athletes and Artists…
Five independently owned publishers that serve communities of color and diverse audiences were added to a new pilot group of the Branded Content Project, an initiative being spearheaded by the Local Media Association and Local Media Consortium and funded by a $1 million investment from the Facebook Journalism Project. The Branded Content Project kicked off…
Actor, singer and producer Janelle Mon?e can add one more accolade to her bio: the first celebrity to appear in an advertisement for The New York Times. A 30-second commercial from the publisher will run during the Academy Awards on Sunday night, marking the Times’ return to the prominent advertising space. This is the second…
The Ringer’s Bill Simmons is taking his talents–and his 90-person staff–to Spotify. The music streaming service today announced that it has picked up The Ringer, the sports and culture site Simmons started in 2016. Terms of the deal were not disclosed. The acquisition comes on the heels of Spotify aggressively gobbling up podcasting companies Gimlet…
Iowa’s caucus system is typically confusing but a new mobile app has made things significantly more complicated–so much so that Iowa’s first-in-the-nation results won’t be released until officials manually check all of the results. Last night, officials with the Iowa Democratic Party found reporting inconsistencies with the app which caucus officials were supposed to use…
At a time when climate change is ravaging the world, and “sustainability” has moved beyond phrase du jour to an actual business model, philosophical–if not ethical and moral–questions vex media company executives. Do they continue taking money from companies they believe to be damaging the planet? Today, The Guardian announced that it will no longer…
The media industry has seen big investments from billionaires who have taken on newspapers and magazines in recent years. But amid this, Warren Buffett is shedding the responsibility. Berkshire Hathaway, Buffett’s holding company, announced today that it would sell BH Media Group, BGMG and its collection of 30 daily newspapers to Lee Enterprises, a publicly…
First conceived as a multicultural nursery rhyme brand (with a heavy Latinx influence) in 2015, Encantos Media Studios has spent the past four years aiming to inspire “21st-century kids to learn 21st-century skills” through direct-to-consumer bilingual apps, sing-along videos, books and other family-friendly content. Last year alone, one of Encantos’ brands, Canticos, won a Kidscreen…
The French media conglomerate will sell half its Activision Blizzard stake, worth about $866 million, in its latest move to reduce debt and focus on its media properties.
When the $35 billion merger of Publicis and Omnicom was announced, it served as a showcase for the rise of boutique investment banks like Moelis & Company. Now, the deal will cost Moelis in more ways than one.
Clashing personalities, disagreements over how the companies would be integrated and complications over legal and tax issues have derailed the deal between Omnicom and Publicis.
Online video ads were supposed to be a marketer’s dream. Instead, many become lost in an unruly maze.
Disney’s interest in the fast-growing digital media company, part of a routine effort to identify acquisition targets, faded after BuzzFeed provided a high valuation.
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