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BREAKING NEWS & VIEWS

ContentNext Slows Growth, ‘Adjusts’ Staff
Monday, June 22, 2009

Even as Guardian-owned media trade publisher ContextNext relaunches its site this month and moves to expand its Web presence, other decisions at the company involve some layoffs, minonline has learned. A formal announcement of changes will be made today or tomorrow, but founder Rafat Ali confirms to minonline that the company “did adjust our staffing a couple of weeks ago, but it was in the context of strategic adjustments to the business. We’re slowing down some of our growth plans until the economy and advertising situations improve.”

The company was expanding before and after its acquisition last year by Guardian News and Media Limited; former Washingtonpost.Newsweek top executive Caroline Little recently took over as CEO.

Even into this hard-hit year the company was hiring researchers and journalists. Ali would not say how many employees were affected by the decisions or which products were being scaled back. “Our core business is still in good shape,” he says. ContentNext has developed an events business and recently reinvigorated its research line. Ali says that the new Web site has been well received by readers and advertisers.

ContentNext was founded in 2002 with the flagship publication paidContent.org. It expanded its range over the years to produce mocoNews.net, paidContent.co.uk and contentSutra.com.

If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com

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