Zynga to Lay Off 520 Employees — 18 Percent of Staff — And Shutter New York And LA Offices (AllThingsD)
Zynga is laying off 18 percent of its workforce — which represents 520 employees — in a bid to reduce costs and more drastically restructure its troubled business toward mobile, according to sources close to the situation. Reuters One of the first firms to seize upon Facebook as a game-publishing platform years ago, Zynga has struggled to keep hold of players as people increasingly turn to their mobile devices — and games from Zynga’s rivals — for entertainment. Zynga’s chief executive, Mark Pincus, has shut studios, retired more than a dozen games and laid off hundreds of employees as part of a turnaround effort that focuses resources on developing mobile games. USA Today Two troubling trends have hit Zynga; for starters, fewer people are playing Zynga games, with the number of overall players dropping by more than 10 percent from last year. And those who are playing aren’t spending as much, with the company posting a first-quarter drop of about 30 percent from 2012. SocialTimes “None of us ever expected to face a day like today, especially when so much of our culture has been about growth… The scale that served us so well in building and delivering the leading social gaming service on the Web is now making it hard to successfully lead across mobile and multiplatform, which is where social games are going to be played,” said Pincus in an internal memo to employees. AppNewser Despite the layoffs, the company is still hiring in some positions across its locations. According to the company’s website, there are jobs available in its San Francisco, San Diego, Seattle and Beijing offices, among other places.
Newsweek Lost Half Its Subscribers in Three Years (NY Observer)
Poor Newsweek. After being turned into a vehicle for buzzy covers by Tina Brown, it finally ended print publication last year. Its owner, Barry Diller, has publicly said that buying it was a “mistake” and now he’s trying to get rid of it. But just how bad have things gotten for the storied mag? The data wizards at the Pew Center for Excellence in Journalism have crunched the numbers, and the results aren’t pretty. Pew Research Center Newsweek’s overall circulation (single-copy sales and subscriptions together) plunged 50 percent over the span of 10 years, according to the Alliance for Audited Media: From 3.2 million in 1992 to 1.5 million in 2012. Time, by comparison, saw a 22 percent decline in that time period. FishbowlNY Talking about Newsweek is a little sad, because it was once an iconic magazine. The glossy’s decline culminated with it being folded and then put up for sale again, with no one (so far!) offering even the slightest bit of interest in purchasing it.
Chris Cuomo All Over Wife’s New Glossy Hamptons Beach Mag (NY Post / Page Six)
Avid readers of new Hamptons magazine Beach are snickering at seeing editor Cristina Greeven Cuomo’s husband all over the latest issue. Chris Cuomo appears in an ad for his new CNN morning show, New Day, and also curiously in the magazine’s 25 Titans of Media list, along with his boss, CNN head honcho Jeff Zucker. Could Chris have seduced his wife into giving up the extra coverage? TheBlaze That’s not why he’s on the list, though, according to an unnamed editor at the magazine. “It’s a no-brainer that the host of a highly anticipated new morning show, his boss, and some high-profile colleagues, who all have houses at the beach, would be on Beach’s media power list regardless of who is editing the magazine,” he told the Post.
Nikki Finke to Sharon Waxman: Just Stop It (Deadline Hollywood)
Right now I am not going to discuss my Deadline Hollywood contract or my relationship with my boss Jay Penske. Why? Because I don’t have to. If that changes, I’ll tell you. The fact is I’m out of town and about to begin my long-planned summer vacation. And the last thing I want is to be bothered now by a bunch of media and/or moguls asking for comment. As it happens, I was napping in a different time zone when TheWrap crapped on me yet again Sunday night. HuffPost “Ding dong, is the witch dead?” asked Kevin Smith, who — like many in the film industry — has battled with Finke in the past. Smith joined HuffPost Live Monday and weighed in on the news that Finke may be departing the website she founded, Deadline Hollywood. FishbowlLA Finke wrote that Clerks 2 was “well on its way to more failure,” prompting Smith to respond. FishbowlLA In the reader comments to Waxman’s Sunday-night article heard around the Hollywood world, Finke got a job offer Monday morning from the New York City Star. The New York City what?
Geraldo Rivera: Senator Lautenberg’s Death ‘Effectively Ends’ Senate Run (TVNewser)
Fox News correspondent Geraldo Rivera, who has been toying with the idea of running for the GOP nomination in a possible U.S. Senate race in New Jersey, says that the death of senator Frank Lautenberg Monday morning “effectively ends” his campaign.
European Magazines Are Struggling in The U.S. Market (Adweek)
Once upon a time, the hottest kind of publisher to be in the U.S. was a European one. Companies like Bonnier, Dennis, Emap, Bauer and Hachette Filipacchi established footholds in the States with buzzy titles, made big acquisitions and touted cross-Atlantic success of the Euro business model (heavy on newsstand sales, light on subscriptions). But recent years have seen once-hot titles shuttered, assets sold and expectations lowered.
Is Political Reporting Dying? (The Washington Post / The Fix)
Consider the power of aggregators when it comes to how people consume news. For the average person (and even for many political junkies) all links are created equally — no matter whether they come from a trusted independent website/news organization or not. One senior political operative told us several years ago that “a link is a link.” He’s right — and that flattening of content has only increased over the past few years.
iPhone Photos Tell The Story of A Laid-Off Chicago Sun-Times Photographer’s New Life (JimRomenesko.com)
The bio on the Laid Off From The Sun-Times Tumblr: “Rob Hart was replaced with a reporter with an iPhone, so he is documenting his new life with an iPhone, but with the eye of a photojournalist trained in storytelling.”
The Washington Times to Scrap Shuttle Service (FishbowlDC)
Some TWT employees will be looking for new ways to get to work after the company halts its employee shuttle service next month, sources from within TWT told FishbowlDC. COO John Martin announced the company’s plans to shut down the service in an email to employees on May 28, exactly a month before the shuttle is set to stop running.
NBC News Partnering With SCOTUSblog Publisher for Supreme Court Coverage (TVNewser)
NBC News is partnering with the publisher of SCOTUSblog to cover the upcoming Supreme Court decisions. As part of the deal, SCOTUSblog publisher Tom Goldstein will become a contributor to NBC News, appearing on-air and writing for NBCNews.com and MSNBC.com through the end of the current term. The network is quick to point out that justice correspondent Pete Williams won’t be going anywhere.
Facebook Moves Into HuffPost’s Building (Crain’s New York Business)
More than two years after signing its first lease in midtown, the social media giant has turned its sights southward, inking a deal for 100,000 square feet at 770 Broadway, home of AOL Inc. and The Huffington Post. FishbowlNY As part of the deal, Facebook will be taking 770 Broadway’s entire eighth floor and some of its seventh. There’s also an option for Facebook to increase its space to 160,000 feet in two years.
Why Does The American Media Get Big Stories Wrong? (The Atlantic)
In an article titled “Our American Pravda,” Ron Unz, the businessman, writer, and publisher of The American Conservative, argues that there is good reason to be alarmed by the failures of the American media. Surveying stories as diverse as the Soviet spies that infiltrated the U.S. government during the Cold War, the bankruptcy of Enron, the anthrax attacks of 2001, the run-up to the Iraq War, and the Vioxx scandal, he points out that major news organizations have repeatedly missed or inexplicably ignored newsworthy facts and events of the utmost significance.
The Journalist’s New Escape Plan: Start-Ups (BuzzFeed)
At first glance, it all makes sense. Leave the broken, somewhat depressing world of media for the fertile and more exciting soils of a start-up. A chance to build something while old media burns to the ground. Tech’s forays into editorial ventures have seduced their fair share of well-established journalists. In 2011, Flipboard hired Time and Fortune veteran Josh Quittner as editorial director. Twitter poached Mark Luckie from The Washington Post as its manager of journalism and news. Tumblr made news in 2012 hiring away Blackbook’s Chris Mohney and Newsweek’s Jessica Bennett as the social network’s editor-in-chief and executive editor. And just last week Reuters social media editor Anthony De Rosa announced his departure to join up with Circa, a young mobile-focused app for breaking news.
Time Out London Delays Publishing After Fire Destroys More Than 200,000 Copies (The Guardian)
Time Out London magazine will fail to publish on time for the first time in more than 44 years, after a warehouse fire destroyed more than 200,000 copies of this week’s edition. The free title, which is normally distributed across the capital on a Tuesday, has been forced to reprint almost 75 percent of its 306,000 run after a fire at its warehouse in Bicester, which was caused by a gas-powered forklift truck exploding.
This Chart Will Keep Cable Execs Up All Night (Business Insider)
Americans are increasingly abandoning traditional television. In 2007, the number of “Zero-TV” households was around 2 million. It has since grown to more than 5 million, according to a recent Nielsen report.
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Peter Duckler Yep, my current employer found me on LinkedIn.
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