Part of HuffPost Politics. Vox Media, parent company of brands including Vox, New York, Recode, Now This and other digitial titles, announced that it was cutting about 7% of its . Vox Media is laying off 7% of its staff, according to a memo sent internally from CEO Jim Bankoff, obtained by Axios. October 6, 2017. That was the case when David Haskell filled the pretty big shoes of Adam Moss at New York, and I certainly expect that will be the case at Vox as well.. Yet they accept partisan politics as part of their daily lives. Vox Media CEO Jim Bankoff informed employees of the cuts in a memo Friday, citing "the challenging economic environment impacting our business and industry." The layoffs will hit "several . Following is a link to video on CNBC.com: https://www.cnbc.com/video/2021/12/14/vox-media-to-acquire-group-nine-in-media-merger-pending-regulatory-approval.html. He co-founded TMZ.com, won an Emmy award for his production of the Live8 Concerts, and oversaw AOLs industry-leading applications including AIM, ICQ, and Netscape. listens to the needs of organizations and corporations seeking to hire keynote speakers, celebrities Select from premium Jim Bankoff of the highest quality. His departure was announced the same day as that of Vox editor in chief Lauren Williams, who is creating a nonprofit news outlet that will provide high-quality civic journalism tailored to Black communities across the country. Another cofounder and Vox star, veteran blogger Matthew Yglesias, left a few weeks ago for the warm embrace of Substack, which has also lured climate reporter David Roberts. Vox CEO Jim Bankoff said in a note to staff members obtained by Axios that several teams across the company's revenue, editorial, and operations departments will be impacted by the dismissals. Jim Bankoff started at AOL in the mid-1990s, right out of business school, and worked there until 2006. . We are a company comprised of 13 editorial networks that are each performing at very high levels, and combined, their reach exceeds most other news-focused media companies, including Cond Nast, The New York Times, and The Washington Post. Both sentiments seem to be off the mark.(For the record, heres the full flippant quote that someone at New York gave me on the morning the merger was announced: I think the response to these kinds of things is always, Were fucked, because long-term, we are always fucked.). In April 2020, Vox Media furloughed 100 employees, or about 9 percent of its work force, and offered buyouts to many others. Vox Media CEO Jim Bankoff WG96 discusses the digital media landscape, opportunities and hurdles for the year ahead, and an early internet bet that paid off big. Under the all stock deal, Vox will hold 75% ownership of the company with the remaining 25% going to Group Nine. Then there are consumer productsyou can buy hats and T-shirts with those characters. A twenty five year veteran of the online industry, Jim developed and led dozens of the most popular websites on the internet including AOL.com, Mapquest, Moviefone, AOL Music, Netscape and AOL Instant Messenger (AIM) as an Executive Vice President at AOL. Jim Bankoff generally travels from Washington, D.C., DC, USA and I know you've known Ben for a while. Vox Staff Walks Out for Day to Demand Union Contract Deal. Bloomberg. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. @Bankoff. Jim Bankoff once declared he wanted to build Time Inc for the digital generation. Accessed May 14, 2021. After his son Brian took his own life amid a struggle with addiction, Gary Mendell WG94 founded Shatterproof to transform treatment and change how the public views substance-use disorders. We are just one of the largest media companies and it's probably even redundant to use the word digital media company. Bankoff is the son of Marvin Bankoff and Adrienne Bankoff, and the stepson of Donna Bankoff. Jim Bankoff is a keynote speaker and industry expert who speaks on a wide range of topics including Business, Business Leadership and Finance. We do not handle requests for donation of time or media requests for interviews, and cannot provide celebrity contact information. The follow-up and support from the sales agent and logistics manager were excellent. Similar motivational celebrity speakers are Jeffrey Kluger, Brad Keywell and Christopher Elliott. Klein and Sarah Kliff, who decamped to the Times last year, questioned the former president on the nuts and bolts of health care policy shortly before he left office; Obama also sat for a wide-ranging interview with Klein and Yglesias in 2015. March 15, 2018. But with meager revenue growth and in a standoff with Meta Platforms, CEO Jim Bankoff has a long hill to climb to put Vox on course to be a public company. We are enormously grateful he was able to share his story with us. Heres what it looks like in the New York office. JON FORTT: Jim, for folks who aren't paying attention to digital media in the business of digital media every day, give a sense of the state of play between third party programmatic and say what you've got internally with Concert and why it's important for you to sort of own brands, have an audience that isn't coming to you necessarily through somebody else but that is loyal to those brands and the content. As always, the company's editorial organizations operate independently when covering these topics. He previously worked for AOL and joined Vox Media's predecessor, SB Nation, in 2009. Vox Media CEO Jim Bankoff at the company's 2022 Code . There've been rumors about Group Nine talking to folks for a while now. In 2019, Vox Media acquired a Hollywood production studio, Epic Magazine, which specialized in optioning long-form magazine articles as film scripts (most notably Argo, a script about the rescue of American diplomats held as hostages in Tehran in 1979, which won the Oscar for Best Picture in 2012. The modern workplace has become increasingly transactional, raising the question: Is company loyalty gone for . 1-800-698-2536 Under special circumstances, it may take up to 24 hours. JULIA BOORSTIN: Vox Media is set to merge with Group Nine, parent company of brands such as NowThis, PopSugar and Thrillist. I dont operate that way. (Cond Nast owns Vanity Fair, along with Vogue, The New Yorker, GQ, and numerous other titles.) Accessed May 14, 2021. Bankoff has been named to Adweeks 2017 Power List of the top 100 leaders in media, tech, and marketing; The Hollywood Reporters 35 Most Powerful People in New York Media; The Washingtonians Tech Titans; Business Insiders Silicon Alley 100; and The Guardians 100 Most Powerful People in Media. Booking fees for Jim Bankoff, or any other speakers and celebrities, are determined based on a number of factors Thank you both so much for joining us. James Philip Bankoff (born December 23, 1969) is an American businessman who is the co-founder, chairman, and chief executive officer (CEO) of Vox Media. [4][5] He obtained a bachelor's degree in international studies from Emory University. [2] He worked on various digital media content projects for AOL, including the tech-focused blog Engadget. You mentioned our Concert program, what Concert enables us to do is bring in other publishers as well, other premium publishers who can benefit from being part of that scale and we can go to marketers with a one stop value proposition that hits really about 98, 99 now percent of the, of the digital universe so if you look at the properties that we own and operate now, we are easily a top 10 media company per Comscore. January 26, 2014. Garett Sloane. Parties Best Dressed at the 2023 Grammy Awards "We deeply respect the track record of both [Vox CEO] Jim Bankoff and the senior leadership team at Vox, and the company's remarkable growth over . Every company is a digital company and every media company is certainly a digital media company. Vox Media, Inc. is an American mass media company based in Washington, D.C., and New York City. Kevin Lincoln. January 9, 2012. "We . Accessed May 14, 2021. Vox Media, like many others, had endured months of painful downsizing and austerity measures as a result of the pandemic, which slashed its advertising revenues to the tune of 30% when the shit hit the fan this past spring. market conditions, length of presentation, and the location of the event. We are happy to help! And now we're going to get to go out and I think be the acquirer of choice and we're just set up to be able to take advantage of a marketplace where being small has been difficult and we are far advanced now from sort of startup life and into being really one of the leading modern media companies so incredibly, incredibly excited. I cannot say enough positive things about AAE Speakers Bureau. We want to thank you for all your efforts to ensure the speaker's visit to Facebook was a success. 2022 Independent Review; Vox Rated Left in Sept. 2018 Editorial Review; Vox Rated Left in Apr. Wharton grads examine entrepreneurship in America, workplace gender bias, keys to managerial success, and more. If you're not a digital media company, I'm not sure, you know, your, your future is going to be very bright. Born: James Philip Bankoff December 23, 1969 (age 53) Citizenship: American: Education: . Fill out the booking request Details of the merger. Dictators and their Secret Police explores the role of the coercive apparatus under authoritarian rule in Asia - how these secret organizations originated, how they operated, and how their violence affected ordinary citizens. Jim Bankoff is the chief executive officer of Vox Media, an American digital media company that operates left-leaning news and opinion websites and digital media channels. 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Data is a real-time snapshot *Data is delayed at least 15 minutes. nytimes.com. Lou Dubois. becoming the second-biggest site on advertising network Blogads behind political blog . And that's a valued proposition that not many others can provide the way that we can together. As a full-service talent booking agency, we have access to virtually any speaker or Accessed May 14, 2021. 3 leader recently urged Republicans to make clear they're not the party of white supremacy. Were doing the best journalism we ever have, and doing it in more places, in more formats than ever before. Twitter Eulogizes AIM as App Sounds Death Knell. Advertising Age. The modern workplace has become increasingly transactional, raising the question: Is company loyalty gone for good? . A listing or profile on this website does not imply an agency affiliation or endorsement by the talent. LERER: I think, I think Concert is one of the many things that we love about Vox and, you know, and I think Jim sort of alluded to this, but just the, the data that we have access to across all of these properties now is even that much more valuable and that much more of a moat in terms of our advertising relationships. [23] As Vox Media's chairman and CEO, Bankoff pursued growing the company through acquisitions. Voxs access to the 44th president during the Barack Obama years didnt hurt either. All rights reserved. @Vox_Union's NYC-based members gathered here at the WGA East office - with even more members joining in remotely from all across the country - to tell @voxmediainc and @Bankoff that it's time for a fair contract. Jim Bankoff. Bankoff Last Name Statistics demography. . Led by alumnus Marc Lore and Scott Hilton WG07, Wonder partners with talented chefs and gourmet restaurants to bring fired, finished, and plated meals right to customers doorsteps. Ben, I'm curious for your perspective on sort of the pressure to scale. We have our own franchises, which are Eater and The Strategist and The Cut and The Verge and SB Nation and so on. Jim then became the President at Netscape from January 1999 to December 2001. Two Wharton graduates talked about their experiences writing and marketing books at Wharton Magazines Alumni Authors Salon during Reunion Reimagined. Jim Bankoff is sitting in a Manhattan diner, rather than the Four Seasons or some other power spot, and he's nursing a single ginger ale, rather than a Bordeaux After a long decade of media destruction, no one in the industry was surprised to see Reporter (Newspaper) ranked as the worst job of 2013. [26] He was also included in The Hollywood Reporter's list of "The 35 Most Powerful People in New York Media" in 2016. BANKOFF: Well, first of all, Jonah is another one of those people who have kind of grown up building companies together. Tyler Grasham. The man who made a name for himself assembling digital properties for America Online a decade ago think MapQuest, Moviefone and TMZ . Accessed May 14, 2021. Theyre not QAnon. He became its chairman and chief executive officer (CEO) in January 2009. On Thursday, Vox Media Union shared photos of an empty New York newsroom after hundreds of employees walked out on the last scheduled day of bargaining for the union. August 14, 2017. [8][17] He then served as president of AOL Web Properties,[18][19] managing AIM, CompuServe, ICQ, MapQuest, Moviefone, and Netscape. [4], However, the company was criticized by many progressives for its employment policies: SB Nation bloggers were all independent contractors without health or other benefits, many making as little as $600 per month, and the company demanded that they write a minimum number of posts before they would be paid. Their role in the planning process allowed for a smooth and successful event. We see what's happening with BuzzFeed over the past few days in the public market, how important is Concert and that sort of optionality? It was a hard decision, but securing that contract today is more important than an NBA finals game, he tweeted. Both of those properties had better audience alignment with New York, so we made the adjustment, Bankoff told me. This question became the catalyst for Cardon, a skin-care brand using high-quality Korean product formulations in simple and targeted ranges for men. Affected; Internet Unit To Trim Workforce 10%", "SB Nation Wins Tech Publishing Fantasy Draft; Signs Engadget Team", "Introducing Ad Lib, a New Podcast from Ad Age. [2][24], In 2015, Bankoff was included in Washingtonian's list of the "100 Top Tech Leaders" in Washington, D.C.,[25] and ranked number 18 on Business Insider's "Silicon Alley 100" list of the "coolest, most inspiring people in the New York tech industry". [7][12] He expanded SB Nation's network and number of writers. Jim Bankoff is an American businessman who is the co-founder, chairman, and chief executive officer (CEO) of Vox Media. I think, you know, speaking only for myself and for Vox media, gone are the days of quote unquote digital media companies anyway, you know, particularly with this acquisition of Group Nine and Vox Media coming together. A veteran of the digital industry, Jim developed and led dozens of the most notable brands on the internet including AOL, Mapquest, Moviefone, AOL Music and Engadget as an EVP at AOL. Is ISIS Still Losing? for more than 15 years. Following is the unofficial transcript of a CNBC exclusive interview with Vox Media Chair & CEO Jim Bankoff and Group Nine Media Founder & CEO Ben Lerer on CNBC's "TechCheck" (M-F, 11AM-12PM ET) airing today, Tuesday, December 14th. Jim, Ben, thank you so much for joining us today to talk about this big deal. Ask what veterans can do for our communities. New York got to keep its editor in chief, David Haskell, and its top brass, Pam Wasserstein, whose family has shepherded the publication for years. For Erin Griffin. January 20, 2023 9:09am. I asked him to walk me through the analogy. ), In that sense, its hard not to view the Vox exodus as a loss for the website and Vox Media as a whole, even if publisher and Vox cofounder Melissa Bell had a more upbeat take in a memo to staff: Vox is both strong and ready for another wild era of growth and change. The reviewer noted that Vox's content often argued in favor of more government spending and more regulations on corporate power. By Peter Kafka Sep 25, 2019, 5:20pm EDT Concede a point to your opposition by backing off, and youre guilty of backing down. 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