Morning Media Newsfeed: Zynga Lays Off 520 | Newsweek’s Poor Stats | Chris Cuomo’s Conflict?

[emailonly]{{{ sbox300x250 }}}[/emailonly]
Click here to receive Mediabistro’s Morning Media Newsfeed via email.

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.

Recommended articles