[ad_1] When watch fanatic web site Hodinkee acquired the used-watch market Crown & Caliber in February 2021 after elevating $40 million, the merger made good sense on paper. Hodinkee had a loyal viewers, whereas Crown & Caliber knew the right way to function within the booming enterprise of second-hand watches, which topped $22 billion in gross sales that yr, based on Boston Consulting Group.However three years later, a downturn within the watch market, an erosion of reader belief and a number of rounds of layoffs have led the once-promising merger to founder, based on interviews with 9 present and former employees,…
Author: Mark Stenberg
[ad_1] The politician Robert F. Kennedy Jr. is receiving backlash from his prolonged household following an advert that ran within the second quarter of Tremendous Bowl LVIII.The spot intentionally replicated an advert run by the late John F. Kennedy in his 1960 presidential marketing campaign, all the way down to its signature jingle and hand-drawn illustration fashion. The Tremendous Bowl spot changed pictures of JFK with RFK Jr. and trimmed the size by 30 seconds, however was in any other case a direct callback.The advert sought to focus on the familial connection between JFK and RFK Jr., partially via the…
[ad_1] An settlement struck earlier this month between Google and the Canadian authorities on behalf of the information trade has added additional momentum to comparable legislative efforts within the U.S., based on Information/Media Alliance president and CEO Danielle Coffey.In December, Google agreed to pay the Canadian information media C$100 million ($75 million) yearly, mounted to inflation, to proceed sharing hyperlinks to Canadian information outlet pages. Utilizing the association as precedent, the U.S. information media may anticipate to safe an identical compensation mannequin from the search engine, doubtlessly as quickly as subsequent 12 months, Coffey mentioned on the Native Market Developments podcast.…
[ad_1] Comedy and leisure media firm Actually Media acquired males’s way of life and leisure title Mel Journal from Recurrent Ventures Friday, in response to Actually Media CEO Oren Katzeff.Actually Media, which is owned by Israeli enterprise capital agency 44 Ventures, financed the acquisition internally however wouldn’t share the worth. “With Mel, we now have a devoted model, loyal viewers and distinct editorial voice,” Katzeff mentioned. “The place there may be a lot noise on-line, the chance to land a longtime model is a big win and a part of our broader technique for rising the corporate.”The property will be…
[ad_1] The final information writer Time has employed media government Mark Howard as its new chief working officer, based on a memo shared by chief government officer Jessica Sibley. Howard, who will relocate to New York for the place, begins Monday. Within the position, Howard will oversee operations together with print, digital, expertise, shopper advertising and marketing, ecommerce, licensing, cryptomedia and finance, serving to Time proceed its transformation from a legacy print journal right into a multichannel editorial model.“Jessica laid out a imaginative and prescient for Time 3.0 about six months in the past, and I’m excited to assist understand that,”…