London-based multinational media and digital marketing communications company Dentsu Aegis Network’s flagship media agency Carat India recently announced the appointment of Anita Kotwani as its Chief Executive Officer. Anita replaces MICA-alumnus Rajni Menon, who served as CEO of Carat for about three years. Prior to this, Kotwani was at Mindshare India where she held the…
Tag: Media industry
Coronavirus Impact: BookMyShow lays off, furloughs 18% of employees
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•Online ticket booking platform BookMyShow has recently downsized its employee count across offices in India and international markets. The downsizing exercise reportedly impacted about 18% of its workforce or 270 employees. The recent development at the company comes at a time when entertainment businesses like Cinemas, theater and cultural events have to come to a…
A decline in advertising forces The Atlantic to lay off employees
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•American magazine and multi-platform publisher, The Atlantic recently announced that it is laying off 68 employees as the coronavirus pandemic diminishes their event and advertising revenues, reported The New York Times. The cuts represent 17% of its staff. In an internal memo sent by Chairman David Bradley, the staff was informed that even though the…
Vox Media to furlough 9% employees; leadership to take pay cuts
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•Since the lockdown was imposed for the containment of the novel coronavirus, the print and media industry is facing some heat on businesses. The printing of newspapers has now completely stopped and journalists are having a hard time moving to places for news coverage due to the travel bans imposed. The struggling business owners of…
News website Quint sends 45 employees on indefinite leave without pay
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•Raghav Bahl-owned digital news website The Quint has recently asked about 45 employees to go on an indefinite leave without pay, according to various news reports. As per a report by news website Newslaundry,the estranged staff include reporters, one of whom recently won a prestigious journalism award, copy editors, a bureau chief, production staff, and…