Medium is Prison Tres Speciale Pour Femmesturning a new page in its business.
The digital self-publishing platform will release a consumer subscription product in the next month, Medium CEO Ev Williams announced at the Upfront Summit Thursday.
SEE ALSO: Digital media is brutal, and Medium's Ev Williams just showed why"Please subscribe," Williams said on stage. "This quarter, the goal is to launch the first version. It's going to be an upgrade to your Medium experience."
The news comes almost a month after Medium laid off 50 people, a third of its total staff, and closed its offices in Washington, D.C. and New York City. Medium, now over four years old, does generate revenue through advertising, but it hasn't been enough.
"It’s clear that the broken system is ad-driven media on the internet," Williams wrote in a Medium post about the layoffs. "We had started scaling up the teams to sell and support products that were, at best, incremental improvements on the ad-driven publishing model, not the transformative model we were aiming for."
Medium declined to share more information about the news, first reported by TechCrunch.
It's already been a tough, changing landscape for Medium. The company had a shakeup, including layoffs, in June 2015, where, again, Williams took to Medium to share his vision on digital media: "Medium is not a publishing tool. It’s a network. A network of ideas that build off each other. And people. And GIFs."
It's not like people aren't using Medium. The number of posts nearly quadrupled from 1.9 million in 2015 to 7.5 million in 2016, according to Medium's year in review. Just earlier this week, two Medium posts received mainstream media attention. One post was viewed by more than 5 million people.
But revenue hasn't been a good story, even as Medium has raised $132 million.
Mike McCue, CEO of digital publishing app Flipboard, recently spoke on Mashable's BizPlease podcast and shared his respect for the founder and his platform.
Williams "is a very thoughtful guy and I think the world of him. He and I both believe that great stories move the world. He's built a great platform for creating and hosting those stories," McCue said.
Flipboard, meanwhile, brings in revenue from digital ads.
Subscriptions do work for some publications. The New York Timesjust saw its biggest bump in digital subscriptions last quarter.
Snapchat has a subscription option for editions on Discover, but it is currently not paywalled. Facebook is working on its Snapchat Discover clone and exploring subscription, as outlined in its "Facebook Journalism Project."
Twitter's former Chief Financial Officer Adam Bain, speaking on the Jay & Farhad Show last month, said he regretted not experimenting with a subscription service or tiered experience while working at the network.
It is unclear how much a Medium subscription will cost and how it will work. Several individual publishers, including Conde Nast's Backchannel and The Ringer, publish exclusively on Medium.
The 10 Most Anticipated PC Games of 2017
Stephen King uses a George Orwell quote to destroy Trump and Putin
Nicole Maines joins 'Supergirl,' becoming TV's first trans superhero
U.S. Senator Orrin Hatch kindly reminds Google that he's still alive
Skype is finally shutting down
Why regulators are handcuffed when it comes to actually policing Amazon
U.S. Senator Orrin Hatch kindly reminds Google that he's still alive
Ivanka Trump's fashion line is dead ¯\
Best roborock deal: Save $400 on Q5 Pro+ Robot Vacuum and Mop
'Simpsons' creator Matt Groening once again fails to address Apu criticisms
Meta continues its submission to Trump with new advisor on its board
Humble Bundle 'Stand with Ukraine' offer launches, will support humanitarian relief
Marvel star Anthony Mackie buys 20 acres in New Orleans for movie studio
'Severance's opening sequence secrets revealed
Shop Owala's Memorial Day Sale for 30% off tumblers
'Wordle' today: Here's the 'Wordle' answer for March 22
Here are the worst tweets of World Emoji Day
'Deep Water' review: Ben Affleck erotic thriller tempts but can't titillate
NYT Strands hints, answers for May 5
Yes, Pornhub traffic dropped dramatically during the World Cup final
Bob Adelman, Civil Rights Photographer, Dead at EightyWhat the World Needs Now Is More Geodesic DomesPicturing the Literary History of Word ProcessingDoorDash glitch results in hundreds of free food ordersThis 'Fall of the House of Usher' song revealed the show's ending'Gangnam Style': The first YouTube video to hit 1 billion views turns 10What are Meta's AI Personas, and how do you chat with them?Need a Mirror? You’re in Luck: They’re EverywhereSumming Up: A poem by Claribel AlegriaThe 'Fall of the House of Usher' Trump burn you may have missedPicturing the Literary History of Word ProcessingJim Comstock’s “West Virginia Hillbilly,” A Newspaper for the AgesBabies in Art Mostly Look Nothing Like Babies in LifeMarisol, the Mononymic Sculptor, Is Dead at EightyWordle today: The answer and hints for October 15DoorDash glitch results in hundreds of free food ordersDoorDash glitch results in hundreds of free food orders'Quordle' today: See each 'Quordle' answer and hints for October 15, 2023TikTok clarifies its moderating policies amid IsraelWhat is an inadequate pap smear test? China to make more roads accessible to highly Livestreamer Li Jiaqi’s daily sales drop more than 50% from last year’s record · TechNode Alibaba cancels cloud unit spin off as US chip export curbs bite · TechNode Nvidia may cancel chip orders worth $5 billion from China · TechNode iQOO 12 series features self Honkai: Star Rail becomes October’s highest ByteDance intends to sell its gaming arm Moonton: report · TechNode BYD, Geely, Leapmotor offer big discounts in latest EV price war · TechNode Huawei reportedly mulls spinoff for auto business, seeks funds from local government · TechNode Douyin racks up $274 billion in e PDD chases rival Alibaba’s market value after reporting strong revenue in Q3 · TechNode Meituan denies rumors that its couriers must be under 45 years old · TechNode Video app Kuaishou releases recruitment poster to attract ByteDance employees · TechNode Taobao and Tmall look to order volume as new Singles Day performance metric · TechNode Google releases Pixel Watch 3 Loss of Pulse Detection Toyota’s China JV reportedly cuts production, sees growing competition · TechNode Audi to use iron iFlytek claims its enhanced LLM is on par with GPT Foxconn and Pegatron halt iPhone production in southern India amid heavy rains · TechNode Chinese EV maker Leapmotor to build EVs at Stellantis plant: executive · TechNode
2.5461s , 10133.6171875 kb
Copyright © 2025 Powered by 【Prison Tres Speciale Pour Femmes】,Unobstructed Information Network