This week, management changes at Condé Nast and The Economist indicated continued financial pressures at journalism outlets, whether large-scale portfolio companies or niche single-brands. The two trends in how publishers are handling these pressures – billionaire ownership and focus on subscriptions, rather than ads – continue apace, with Laurene Jobs’ acquisition of Pop-Up Magazine Productions (owner of California Sunday) and Washington Post hiring a CMO to focus on subs rather than ad dollars. Because, you know, ad fraud.
Also, Mic effectively shut down.