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Big Tech Throws Money at the Local News Problem
January 16, 2019 at 10:10 am

Major tech companies and moguls are pouring lots of money into initiatives to support quality journalism, after months of bad headlines about fake news and the longer-term struggles of business models for journalism, especially at the local level. Why it matters: The efforts are meant to show tech's…

Goodbye, New York. Adam Moss Is Leaving the Magazine He Has Edited for 15 Years.
January 16, 2019 at 10:04 am

Adam Moss, whose visual savvy and ear for the zeitgeist made him one of the leading magazine editors of his generation, said on Tuesday that he would step down from New York magazine, his canvas for the past 15 years. The departure of Mr. Moss, the longest-serving editor in chief in the title’s half-century history,…

Layoffs Hit 'Hollywood Reporter-Billboard' Media Group, 'Refinery29' Unionizes
January 14, 2019 at 10:39 am

This week, the Hollywood Reporter-Billboard Media Group and its corporate owner Valence Media laid off approximately 22 people as part of a company reorganization at the company. According to The Wrap, CMO Dana Miller was let go, along with some of her New York-based staff, as was Billboard magazine managing editor Jayme Klock. In addition, employees from a possible five…

High Times Has Some Glossy New Competition
January 14, 2019 at 10:35 am

The cover of Gossamer’s debut issue features a mouthwatering image of orange juice being poured into a glass dotted with beads of condensation. Inside there’s an article about books as home décor status items, a Q. and A. with the writer and director Janicza Bravo, and a fashion spread featuring the…

Hearst Rolls Out Broad Publisher-Side Shake-up
January 11, 2019 at 12:17 pm

A few days into the New Year and already a string of Hearst Magazine titles have new publishers. Shortly after revealing that longtime Cosmopolitan publisher Donna Lagani was stepping away from her role as publisher of Cosmopolitan after more than 20 years to take up a position within Hearst Foundations, the philanthropic arm of the broader corporation, Hearst Magazine’s is…

The Merger That Could Kill Your Favorite Magazine
January 11, 2019 at 12:14 pm

Google’s and Facebook’s ever-tightening control over online advertising spending in the United States continues to make it harder for magazine publishers to keep their businesses alive. But publishers’ jobs may soon get even more difficult if the Department of Justice fails to block printer Quad/Graphics’ $1.4 billion bid to buy its only major competitor…

Magazine Media M&As - What Happened in 2018 in Review
January 9, 2019 at 11:37 am

In this industry, change is constant. Though, over the last number of years, we've seen increasing numbers of mergers and acquisitions on the media landscape. 2018 was no different, with magazine media marketplaces restructuring, consolidating and diversifying. "The trends we are seeing are diversification and consolidation.…

These are the Trends to Watch for Podcasting in 2019
January 9, 2019 at 11:33 am

2019 scene setting. Last year was a strange and busy one in podcast-land, between the shakeups and the bubble talk and the mergers/acquisitions and launches on launches on launches. And from the looks of it, the next year will likely prove equally peculiar. Will podcast audiences and advertising revenue continue to grow? Will non-advertising business models take firm…

Internal Hearst Podcast Brings the Inside Dish
January 7, 2019 at 12:13 pm

If you’ve ever wanted to hear more about the goings on at Hearst Magazines and its cafeteria, there’s a podcast for that. Meant for an internal audience but hosted on SoundCloud, the publisher in recent weeks has launched “Making Media,” WWD has learned, hosted by none other than Troy Young, the group’s president, and Kate Lewis, its…

Women’s Magazines are Dying. Will we Miss Them When They’re Gone?
January 7, 2019 at 12:09 pm

In late November, Glamour came to the same conclusion reached by so many other women’s magazines these days: After 80 years in mailboxes and grocery store checkouts, it will stop publishing its glossy monthly, ending with the January issue. For Glamour, print is officially dead, the inexorable “pivot to digital” now complete. Teen Vogue, a…

Forbes is Building More AI Tools for its Reporters
January 4, 2019 at 2:07 pm

Forbes is investing in tools to make its newsroom more bionic. Over the summer, the business publisher, which just had its most profitable year in more than a decade, rolled out a new CMS, called Bertie, which recommends article topics for contributors based on their previous output, headlines…

Condé Nast Is “Paradise Publishing” Lost
January 4, 2019 at 2:04 pm

Press accounts estimate that Condé Nast lost $120 million in 2017 (the company’s fiscal 2018 will end on January 31) with losses in print advertising and circulation revenues insufficiently offset by digital or such multimedia ventures as CNX, Spire and Condé Nast Entertainment. All sought to monetize the often…

Going Into 2019, The Publishing Industry Is Excited About Audio
January 2, 2019 at 11:22 am

Audiobooks have been a popular sector of the publishing industry for years now thanks to the ubiquity of the smartphone, but 2018 was the year that distribution channels caught up: Google, Walmart, and Instaread all started selling audiobooks within the last year, and Kobo wasn't too far ahead of them. Intermediaries are making audiobook distribution easier…

Newsonomics: 18 Lessons for the News Business from 2018
January 2, 2019 at 11:19 am

We live in transgressive, new-Orwellian times. Fact has been subverted by forces beyond our imagination, both newly minted and old school. Truth, elusive truth, is now in the mind of the subscriber. Yes, it is subscribers, along with their digital payments, who are transforming what’s working best…

As Digital Media Companies Brace for Change, Unions Try to Cushion the Blow
December 27, 2018 at 4:19 pm

2018 has been a bumpy year for digital media publishers. Several newsrooms have had to downsize, restructure and, in some cases, sell or shut down altogether. 2019 could be worse. Which is exactly the scenario union advocates spelled out as they organized digital publishers — including Vice, Gizmodo Media Group and Recode parent company Vox Media — over the last few years. If times got…

B2B Publisher Vendome Media Group Is Shutting Its Doors
December 27, 2018 at 4:17 pm

Vendome Media Group, the New York City-based B2B publisher, with holdings in the healthcare and real estate markets, is officially closing its doors at the end of the year, following divestments of parts of its healthcare media business and pending the sale of others. The 14-year-old company sold three business units to new owners in 2018, including Healthcare…

Why First Party Data Should be Your First Priority
December 26, 2018 at 10:19 am

As the impact of GDPR crystallizes, not surprisingly, walled gardens are imposing a new wave of data restrictions on advertisers. Their narrow interpretation of GDPR regulations is limiting agencies access to data, measurement and ad serving. This is triggering advertisers to become increasingly interested in a full view of…

Amid Media Doom and Gloom, Forbes Says Revenue Was Up and Profits Highest in a Decade
December 26, 2018 at 10:14 am

Forbes said it just had its most profitable year since it became Forbes Media in 2006. And now, the company, which is owned by Hong Kong investment firm Integrated Whale Media Investments, is looking to put more money toward making acquisitions and equity investments in startups. In an interview with Digiday, Forbes Media CEO Mike…

Challenges, Missteps and Hope Abound for Digital Media
December 21, 2018 at 12:01 pm

Legacy media players may be having their first moment of schadenfreude in a long time as the youths of digital content get their own turns at struggle and uncertainty. About 20 years into the Internet and print publications, the relatively few that survived the shift to digital life anyway, have already been put through the revenue ringer — forced to rut out new sources of cash,…

Politico’s Robert Allbritton On Trump, a Record Year, Expansion, and Axios
December 21, 2018 at 11:57 am

When it launched, in 2007, Politico was part of a new wave of digital media brands — The Huffington Post, BuzzFeed, Business Insider, Vice, an early iteration of Vox Media, among them — that proffered the future of journalism. But Politico was always distinct from its peers in crucial ways. It was accompanied by a…