How Quartz went from high-flier to layoffs
Steven Perlberg of Digiday writes about financial news site Quartz, which has gone from cutting edge innovations to layoffs in the past two years. Perlberg writes, “Publishing has gone through about a dozen life cycles since Quartz emerged as a darling of digital media eight years ago, spinning out genuinely innovative features: a sleek website and […]
How CNBC is building its membership programs
Grace Wu of Penn Innovators in Business interviewed Sonie Osagie, CNBC director of strategic content & news partnerships, about her job. Here is an excerpt: Tell us about your current career. “I am currently at CNBC in a strategy and operations role that is focused on emerging businesses and platforms. My portfolio consists of two main […]
The strategy of purpose for Inc.’s new editor
Caysey Welton of Folio interviewed new Inc. magazine editor Scott Omelianuk, who discussed the core elements behind his editorial strategy and mission. Here is an excerpt: Folio: As you look ahead to a post-crisis moment, what’s your plan to move the brand forward, and where do you see a lot of opportunity? Omelianuk: We have plans for […]
FT cutting editorial spending as digital subscribers rise
The Financial Times is cutting its spending on non-staff contributors and implementing other cuts to pay and working hours as the newspaper has seen 50,000 new digital subscribers sign up over the past two months, reports Charlotte Tobitt of the Press Gazette. Tobitt reports, “But FT chief executive John Ridding told staff today that further temporary savings […]
Quartz to undergo restructuring as ad revenue plummets, lays off 80
Uzabase, the Japanese parent company of financial news site Quartz, announced Thursday that it will restructure the business and reduce its employees by 40 percent, or 80 positions. The editorial staff of 85 positions is being cut to 50 staffers. Uzabase acquired Quartz in July 2018. The company said that the advertising revenue at Quartz […]
How Reuters went all-in with virtual events
John McCarthy of The Drum explores how Reuters quickly converted to virtual events. McCarthy reports, “Reuters Events’ ‘virtualisation project’ was in the works before the pandemic, aiming to add value and international audiences to B2B events across verticals such as energy, pharma, insurance, sustainability and automotive. This side project was accelerated and became the backbone of […]
Dallas Morning News subscriptions on the rise since last year
The Dallas Morning News reported a 29 percent increase in its subscriptions last year. Keeping up with that trend, the publication further reported a consistent increase in its subscriptions for the first four months of 2020 as well. “The pace of new digital subscriptions since early March has been at record levels,” said Robert W. […]
Former Debtwire editor in chief starts news service on renewable energy
The former editor in chief of Debtwire has started a subscription-based news and data company focusing on the renewable energy industry. New Project Media is based in Princeton, New Jersey and operated by Ken Meehan, who is also the CEO. It has reporters based in the Southeast, Northeast, West and Midwest. It writes for professionals […]
Business Insider editor in chief Carlson touts subscription model
William Turvill of Press Gazette interviewed Business Insider editor in chief Nicholas Carlson, who argued that the subscription model for news organizations can survive and thrive during the pandemic. Turvill writes, “Insider launched its subscription model, Business Insider Prime, in 2017, offering exclusive content to paying readers. Insider websites also offer a large amount of […]
How the FT plans to expand in the United States
Peter Spiegel, the U.S. managing editor of the Financial Times, spoke with the Media Masters podcast about the business newspaper’s plans to expand in North America. The Financial Times has been asked to expand in the United States by its new owner, Nikkei. His mandate is to explain the United States to readers in the […]
