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November 2001
- AOL Time Warner is ceasing publication of three magazine.
December will be the last issues for Family Life and On.
Asiaweek will also cease publication.
Source: AdAge.com, L.A. Times, New York Times 11-30-01
- ABC may not bring back
the Millionaire game show, which is not as popular this year,
for its Fall lineup. Source: Media Life Magazine 11-30-01
- The San Francisco Chronicle is laying off 220 employees,
about 9% of its workforce. A drop in ad revenue of 20% this
year was blamed for the job cuts.
Source: The New York Times 11-28-01
- Terra Lycos, the operator of the Lycos.com search portal,
is forcing its US employees to take a mandatory holiday. Employees
can take the days as vacation time or as unpaid days.
Source: CNET, Internet.com 11-28-01
- Questia Media, an
online library of books and journals,
has cut 68 jobs, about 50% of its workforce. This round
of layoffs follows a reduction of 140 employees in May, 2001.
Source: Houston Chronicle, Publishers Weekly 11-26-01
- Montreal based Cinar Corp., a children's television producer,
has laid off 54 employees.
Source: L.A. Times 11-26-01
- Palm, a developer of handheld computers and ebook
distributor, is planning as many as 400 job cuts.
Source: CNET 11-23-01
- ITN, a U.K. independent news producer, has cut 133
jobs.
Source: BBC, Guardian 11-23-01
- Fashionmall.com,
which bills itself as "fashion's most powerful
click," reported that it now has just three employees. The
"most powerful" fashion website also has plans to lay off two more
employees before the end of the year -- leaving it with only one,
lonely worker.
Source: MarketWatch.com 11-23-01
- Job Cuts at Publishing Houses; Book Sales Slow
49 positions have been cut at Penguin UK, 23 of them at
Dorling Kindersley which Penguin recently acquired.
Harper Collins is also expected to announce job cuts.
Meanwhile, the New York Times reported that book sales
by major publishers have slowed by 15% since last year
and some publishers reported that sales from bestsellers
are down a striking 25-40%.
Source: Publishers Weekly, New York Times 11-19-01
- Surfers Not Interested in Paying For Content
Adding insult to injury to dot-coms that have gone out
of business users are having little trouble substituting
new websites for their favorite sites that closed down.
The survey also found that most users are reluctant to pay
for content at websites and prefer to simply switch to a
non-fee website
-- only 12% said they would consider paying for content.
Source: Newsbytes, TechTV, NYTimes.com, ZDNet 11-19-01
- La Martiniere Group, the parent company of
Harry Abrams, a publisher
that specializes in illustrated artbooks, is eliminating 25 employees.
Source: Publishers Weekly 11-19-01
- Following 1,400 job cuts in June, Tribune Company is
implementing salary cuts and freezes.
Source: The Write News 11-16-01
- Red Herring, a technology media company,
has continued its streak of staff reductions.
In this round the company cut 27% of its workforce, about
38 employees. Red Herring has had several rounds of layoffs
this year. Source: CNET 11-16-01
- TechTV, a technology news cable network,
has fired 130 employees, about 25% of its total
workforce.
Source: Wired 11-16-01
- Yahoo has confirmed its second round of layoffs this year.
400 jobs were cut in this round, about 12% of Yahoo's total workforce.
Yahoo employs about 3,000 people.
Source: Newsbytes,
Business 2.0, CNET, MediaWeek 11-16-01
- AOL Time Warner might make additional restructing job cuts in the
4th quarter according to its public filings. The company has already
cut jobs across its divisions this year.
Source: Newsbytes, CNET 11-16-01
- iVillage.com has reducted its workforce by approximately
18% or 50 employees. The layoffs follow cuts
of nearly half of its staff after its merger with Women.com
earlier this year. 11-16-01
- Zoland Books,
an independent publisher based in Cambridge, is closing
its doors. Zoland was launched in 1987 and published
fiction, poetry, nonfiction, and art books.
Source: Boston Globe 11-16-01
- IPC Media, the UK magazine publisher recently purchased by
AOL Time Warner, is ceasing publication of six magazine titles.
The ceased publications include Woman's Journal,
Your Garden, Homes & Ideas, Your Life, Marie Claire Health &
Beauty and the Complete Guide to Pregnancy.
115 jobs were also cut from IPC's exhibitions business.
Source: MediaGuardian 11-13-01
- Yahoo is expected to announce a second round of layoffs
later this week. Earlier this year Yahoo cut 425 jobs.
This round could be as much as 15% of Yahoo's workforce or
385 jobs. Source: TechTV.com 11-12-01
- Boston based Tuttle Publishing has laid off 12 employees.
Source: PublishersWeekly 11-12-01
- The Academy of American Poets has laid off half of its
staff -- 8 out of 17 employees. The company will also sublease
some of its office space.
Source: New York Times 11-12-01
- The World Wrestling Federation Entertainment, Inc. has announced
a restructuring plan and the resignation of Stuart Snyder,
President and COO. The company's Internet and magazine
publishing operations will be merged under Shane McMahon,
President, New Media. The reorganization resulted in a
reduction of approximately 9 percent of the company's
work force. 11-12-01
- More information has emerged about Random House's plans to phase
out its AtRandom ebook imprint. The company is still dropping
the AtRandom imprint, but will continue to publishing ebook
versions of some of its hardcover and paperback books.
Source: New York Times, CNN, USAToday.com 11-12-01
- Fortune Small Business
has cut 14 employees in
a restructing move that merges FSB's marketing staff with
the staff at the Fortune Group.
Source: MediaWeek 11-12-01
- Shares of Barnes &
Noble lost more than 1/3 of its
value Thursday after the company announced it would suffer
diminished revenues primarily because of the terrorist attacks and
terrorism warnings.
Borders Group did not make an announcement but its
stock also fell by 10%.
Source: CBS Marketwatch 11-9-01
- CondeNet has cut 25 positions, over 20% of its workforce. CondeNet
is the Internet division of Conde Nast's magazines and includes
the Epicurious.com, Conierge.com and Style.com websites.
Source: CNET 11-8-01
- Disney has cut 125 staff from its Walt Disney Internet Group
(WDIG). 25 of the cuts were from ABCNews.com.
Source: CNET 11-8-01
- BusinessWeek has cut 39 of its staff, including 15 from its
online division.
Source: New York Post 11-8-01
- Random House is phasing out its AtRandom ebook
imprint. Random House introduced the imprint in July, 2000.
Source: Publishers Weekly 11-8-01
- Engage, a technology company which operated Engage
Media Network, a defunct advertising network which ran
online ads for over 1,000 publishers, is offering to pay
the publishers only 60% of what it owes them. Some
of the publishers being offered less than what they are
owed include Motortrend.com and Gorp.com.
Source: CNET 11-8-01
- CMP Information, the UK headquartered division of the
Professional Media arm of United Business Media plc, has
initiated a consultation process with its workforce to discuss
proposed cost reductions of around 200 staff.
CMP Information is a UK headquartered magazine and events
business, with operations also based in the USA and Europe.
11-8-01
- Ziff Davis Media has cut 11% of its staff, about 75
positions.
Smart Partner magazine will cease publishing.
Interactive Week will also stop publishing and
will become a section of eWeek magazine.
Source: The Write News, New York Times, MediaWeek 11-5-01
- Entertainment website
MrShowbiz.com
has closed down. After a short fairwell
message visitors to Mr. Showbiz are transfered
to the entertainment section of ABCNews.com. 11-5-01
- National Magazines
is to closing Focus, a U.K.
science magazine. National Magazines purchased the
publication from Gruner + Jahr last year.
Source: MediaGuardian 11-5-01
- GE Magazines has closed the U.K. magazines
Garden Inspirations and
Inspirations for Your Home. 33 employees
worked for the publications.
Source: MediaGuardian 11-5-01
- The Daily Telegraph is folding Dotcom Telegraph,
its special Internet technology pullout. Technology coverage
will now be located in the business section of the newspaper.
Source: MediaGuardian 11-5-01
- Smaller Staffs at Print Magazines
The number of employees at print magazines is expected
to diminish over the next several years according
to industry experts. Rising print costs, rising postage
costs, diminished advertising sales and
competition from the Internet are just a few of the hurdles
the print magazine industry is facing.
Time Inc. editor in chief Norman Pearlstine said that
big magazines published by Time, Inc. such as Time and
Sports Illustrated could see staff cuts of 50% by 2010.
Source: New York Daily News 11-2-01
- Book and magazine publisher Rodale, Inc. is ceasing
publication of MH-18, a teen magazine for boys. Recently the company
cut 148 employees in its book publishing division.
Source: New York Post 11-1-01
- Reciprocal, Inc.,
a provider of digital rights management
and distribution services, has closed its doors. In September, 2001
the company cut 65% of its workforce. Now, the company has
shut its doors for good. 11-1-01
- The Dallas Morning News has fired 73 employees --
including 17 newsroom employees.
Source: The Observer 11-1-01
- The Spokesman-Review is letting 20 employees go. This is
a second round of layoffs. In July, 2001 the company also laid off
20 employees. Source: MediaWeek 11-1-01
- Adobe, the ebook reader and publishing software provider,
has announced job cuts. The company is cutting 150 jobs, about
5% of its total workforce.
Source: SFGate.com 11-1-01
- The BBC is laying off
129 people from its Factual and Learning division which creates
documentary films.
Source: BBC, Financial
Times 11-1-01
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