Dear Industry Executive: On Friday, August 28th, the US Postal Service petitioned in the US Court of Appeals for the District of Columbia Circuit the Postal Regulatory Commission's July 29th Exigent Remand decision, which had granted the USPS additional exigency funds collection through sometime next Spring. We are not surprised by this development – as we reported earlier, the USPS believes it cannot profitably operate without the exigent surcharge. But we are disappointed, because this adds more uncertainty to running businesses dependent on mail, and we can only hope the court will act much quicker than the last time around. Since the PRC’s last action conformed very closely to the court’s direction, it is hard to understand the basis USPS lawyers feel exists for any different outcome. Stay tuned; we will provide more details as we get them. As per usual, ACMA members will receive the more detailed analysis first.
BuzzFeed, long the darling of native digital publishing models, is hitting its brakes following a weakening of advertising demand. The company said it is laying off about 100 employees in the U.S. — less than 10% of its global workforce — and restructuring its advertising sales organization “amid a tough digital media market.”
In an email to the company’s staff, CEO Jonah Peretti announced Greg Coleman is stepping down as BuzzFeed’s president and would take on an advisory role.
BuzzFeed News Editor-in-Chief Ben Smith said cuts will not affect BuzzFeed’s U.S. news team directly.
The company attributed the attrition to a “tough time” in the broader digital media marketplace, an assertion that doesn’t necessarily ring true based on respected industry tracking sources.
While digital isn’t expanding at the exponential rates it experienced early in its evolution, it is still experiencing healthy double-digit rates of expansion.
According to a revised 2017 forecast released this week by Pivotal Research Group analyst Brian Wieser, digital ad spending expanded 21% in the third quarter.
more detail at: https://www.mediapost.com/publications/article/310857/buzzfeed-hits-brakes-announces-layoffs-ad-restru.html