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Posts Tagged ‘Jason Fell’

FOLIO’S Fell: ‘No Victory Parties’ For Media Yet

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flickr: nDevilTV

We admit, the news coming out of the media world has been rather uplifting lately. We’ve even found ourselves smiling a bit more when reading, say, the morning’s Fishbowl. But is it all really coming up roses? Maybe not.

FOLIO’s Jason Fell explains. Sure, he writes, companies are reporting earnings or at least smaller losses, and that looks good. But consider how the earnings were reached: massive cuts, frequency reductions, outsourcing, and—have we forgot to mention?—massive cuts.

“For instance, struggling Playboy Enterprises reported a net loss of only $1 million through the first three months this year, compared to a $13.7 million net loss during the same period in 2009,” says Fell. “But let’s not forget all the layoffs, the frequency reduction and how it farmed out all but the editorial operations at the magazine to American Media Inc.”

Paper prices are rising, too, which hurts those who are still using *gasp* paper.

So while the numbers look good, let’s remember that numbers aren’t always the whole story.

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Update: RBI Sells Four Titles To Canon; Deal Is Official

test and measurement worldThe sale of four of Reed Business Information’s magazines to Canon Communications has gone through, Jason Fell at Folio: reports.

Ron Wall, the EVP of Canon’s publishing division, told Folio: that all four titles—Electronic Design News (EDN), Design News, Test & Measurement World and Packaging Digest—will continue in print and digital and that no changes will be made to their frequencies or circulations.

There will be minimal changes to the “market-facing” staffs of the magazines, though some back-end staff will be merged with Canon’s existing staff. You know what that means.

More: RBI May Be Selling Five, Not Four, Titles To Canon Communications

After the jump, the remaining titles RBI’s trying to unload:

Read more

Calling A Spade A Spade

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flickr: yeowatzup

Look, nobody likes saying “Someone who yesterday had a job at our company does not have that job today. He will now no longer receive a regular paycheck from us which he used to provide for his family.” That’s why we have euphemisms.

Laid off. Downsized. Rightsized. Made redundant. Part of a reduction in force.

But do companies go too far sometimes? Matt Kinsman at Folio: argues they do. “A publisher downplaying people losing their jobs is going to alienate the remaining work [sic] bees engaged in the daily grind of trying to help that publisher crawl out of the hole.”

When Folio: editor Jason Fell asked Advanstar about reports of 80 layoffs, CEO Joe Loggia replied:

You can’t really categorize things as layoffs when they’re more of a shift in strategy. [While there were layoffs] you have to remember that it’s in context that we’ve had some geographic shifts in strategy and a shift in strategy in regard to our product portfolio.

Laid-off employees flocked angrily to the article. “I feel so much better knowing that I am part of Joe Loggia’s strategy! Glad I could help,” posted one ex-employee. Another wrote: “A ‘shift in strategy’ would’ve involved communicating with your employees in advance rather than just dropping this bomb on us a week ago with no warning.”

Possibly worse than this is when Time Inc. CEO Ann Moore called a restructuring in which 600 staffers were laid off “a home run.” But what do you think?