tldrdaily.news logo
Tag

Digital Publishing

All articles tagged with #digital publishing

business1 year ago

"Vice Media Announces Major Layoffs and Website Changes"

Vice Media plans to lay off hundreds of employees and cease publishing on Vice.com as it transitions to a "studio model". The decision comes less than a year after the company was rescued from bankruptcy. Reports of the layoffs have surfaced, with concerns about the potential closure of its news website. This move is part of a broader trend in the media industry, with major cuts at other outlets such as NowThis and the Intercept, as well as layoffs at Condé Nast and Vox Media.

via The Guardian|
#business#digital-publishing#layoffs
business1 year ago

"BuzzFeed's Complex Sale Results in Major Workforce Cuts"

BuzzFeed announces a 16% reduction in its workforce, citing challenges faced by digital publishers in the current market. The company plans to sell Complex to NTWRK and restructure its business lines, focusing on individual brand differentiation for advertising and platform partners. The layoffs, affecting nearly 160 employees, are expected to result in annualized cost savings of $23 million. BuzzFeed aims to use the proceeds from the sale to strengthen its financial position and accelerate innovation, while warning investors of lower fourth-quarter revenues. This move comes amidst a wave of layoffs and labor strife in the media industry, reflecting the ongoing turmoil in business models and advertising.

via Hollywood Reporter|
#business#buzzfeed#digital-publishing
business2 years ago

Vice Media Group files for Chapter 11 bankruptcy and potential sale.

Vice Media has filed for bankruptcy, marking a decline from a new-media darling to a cautionary tale of the problems facing the digital publishing industry. A group of Vice's lenders, including Fortress Investment Group and Soros Fund Management, is in the leading position to acquire the company out of bankruptcy for $225 million. The bankruptcy will not interrupt daily operations for Vice's businesses, which include its flagship website, the ad agency Virtue, the Pulse Films division, and Refinery29.

via The New York Times|
#bankruptcy#business#digital-publishing
media2 years ago

The Rise and Fall of BuzzFeed News: A Retrospective.

Ben Smith's new book "Traffic" explores the rise and fall of BuzzFeed and Gawker, two digital publishing giants of the 2010s. While both companies were once seen as the future of media, BuzzFeed has struggled to remain a sustainable company and recently announced the shutdown of its Pulitzer Prize-winning hard-journalism division. Smith's book delves into the delusions and rivalries that characterized the race to go viral, ultimately concluding that the pursuit of immense audiences with free content was a doomed business strategy. The legacy of BuzzFeed serves as a cautionary tale about overreliance on traffic, while established media businesses and new start-ups have embraced subscriptions and paywalls as a more sustainable model.

via The Washington Post|
#buzzfeed#cautionary-tale#digital-publishing