Charlotte Tobitt of Press Gazette writes about Fortune’s recent cuts of its editorial staff and how the changes reflect a shift in its U.K. strategy.
Tobitt writes, “Fortune managing director for Europe Jim Jacovides told London-based staff in a memo recently that changes were being made to the ‘business focus’ and ‘how we structure our editorial resources in the UK and Europe”, with the roles made redundant reflecting ‘shifts in the market and in our commercial strategy.’
“He added: ‘For my UK team, we are shifting from a web model driven by news and page views to a direct engagement model built on events, print and communities. As part of that, we are developing a Fortune C-Suite Community, an invitation-only network for C-suite executives at Europe’s largest companies.
“‘The model will centre on moderated peer-to-peer dinners and events by function, industry, topic or geography. It will combine curated gatherings with community insights, thought leadership and deeply reported editorial content. A new team will lead this effort and work closely with Lists, Sales and me.'”
Read more here.
