Yet another round of layoffs has arrived at Time Inc. as the legacy print publisher’s often painful transition to digital media rages on. These latest cuts come less than three weeks after Time Inc. laid off over 100 staffers across various departments, including sales and marketing, and readjusted its 2016 revenue growth forecast to between 0 and 1.5 percent—all of this amid extensive restructuring that’s seen the elimination of the “publisher” position and the unification of sales teams to more easily sell across categories instead of brand-by-brand. A Time Inc. spokeswoman wouldn’t confirm the number of staffers let go, but tells Folio:, “These changes are part of the ongoing realignment of Time Inc. that began last month. Our goal is to operate as effectively and efficiently as possible across our editorial operations while optimizing areas for growth across the company.”
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced that Bob Woodward’s Fear is the top seller in stores nationwide and online at BN.com just one day after the book’s release, with the fastest sales for an adult title since Harper Lee’s Go Set a Watchman was released in July 2015.
“Fear had amazing first-day sales and is in high demand across our stores and online,” said Liz Harwell, Senior Director of Merchandising, Trade Books at Barnes & Noble. “We haven’t seen an adult title sell this quickly in over three years, and are working with Simon & Schuster to keep our shelves stocked to meet what we expect will be continued demand.”
Woodward’s book, Fear, was released yesterday, and is available for buying online and picking up in store at Barnes & Noble stores across the country.