The Atlantic announced today plans for a significant and ambitious expansion across the company. The Atlantic’s President Bob Cohn shared the details in a memo to staff:
Many of you were at the town hall this morning. For those of you unable to attend, or those who prefer your information in text and not PowerPoint, I write now with some details about our plans for this year.
First, a bit of context. Editorially, we are coming off a very strong 2017. Our most ambitious articles – many of them magazine cover stories – drove a global conversation, from Ta-Nehisi Coates on Barack Obama’s legacy to Caitlin Flanagan’s investigation of fraternity hazing to the late Alex Tizon’s essay about his family’s slave. Online, we broke new ground with our coverage of Trump’s Washington, #MeToo, and issues surrounding race, a foundational Atlantic topic. Magazine circulation hit an all-time high, as did our audience on TheAtlantic.com, which grew 25 percent in 2017 over the previous year. We introduced two podcasts, filmed documentaries in four countries, nearly doubled our YouTube streams, expanded our Washington Ideas program, and created a premium membership product – and we are finalists for five National Magazine Awards, including for General Excellence.
On the business side, revenue edged up despite a challenging environment, and the company turned a profit for the eighth consecutive year. Our strategy to nurture a diverse set of revenue sources continued to pay off, with sales at AtlanticLive, Atlantic 57, and CityLab.com hitting new highs, and Re:think was three times named Best Content Studio. Smart redesigns of the CityLab and Atlantic sites positioned both for further growth.
All that is backdrop for this year, which promises to be among the most consequential since our founding in 1857. Starting today, we are committing ourselves to a series of initiatives that will drive our journalism to even greater heights and accelerate the growth of our businesses. Among these initiatives:
1. Editorial Expansion
One of the core strengths of The Atlantic is that, as a general interest journalism operation, we cover a range of topics, from politics, business, and foreign affairs to technology, entertainment, health, and science. This year, Jeffrey Goldberg and his teams will continue to focus on excellence on all of our channels but will bring special attention, across each platform, to six specific areas:
- The Washington Story
Even as we’ve bulked up to cover the Trump administration over the last year, the story is relentless – and relentlessly interesting – so we’ll be expanding our commitment to reporting on the White House, federal agencies, national security, Congress, and the culture of the capital.
How new technologies are changing the world has long been an Atlantic obsession, and we plan to devote more resources to covering the people and companies, in and out of Silicon Valley, that shape our future.
With an on-the-ground presence, we’ll focus more intensively on the intersection of entertainment, business, and technology, allowing us to expand our coverage of popular culture and its global influences.
Next month we’ll launch a new Family initiative, a hub for our coverage (online, in print, in video, and in a dedicated newsletter) of the cultural, political, and economic forces shaping America’s families.
- Opinion and Ideas
Some of the best stories we publish come from essayists, commentators, and outside experts. This year we’ll be more systematic and enterprising about sourcing these pieces as we search for the most talented writers across the globe.
- Washington Ideas
Now in its 10th year, this event has become the most ambitious program in the AtlanticLIVE portfolio. Last year, as you know, we expanded Washington Ideas over more days and more venues. In 2018, we seek to further grow the journalistic ambition – and to generate larger audiences and more cultural impact.
2. Consumer Revenue
For 161 years, we have asked readers to pay for our magazine. With the launch of The Masthead last fall, we began inviting them to support our work beyond print. Now we’re ready to put new energy behind a strategy to encourage paid readership of our digital content. This means building out our capabilities in data, consumer marketing, and engineering, along with continued focus on editorial excellence. Paid content (on the digital side) is new territory for us, and we have a lot to learn about metered paywalls, conversion rates, funnels, pricing, and more. In the end, we believe that readers will pay for the richness of The Atlantic in digital form. And we think it’s important for the company to rely equally on audience and advertisers for financial support.
3. Advertising and Client Growth
Which brings me to advertising. Across our platforms, we have developed an enviable audience that marketers want to reach. So even as we start generating new reader revenue, advertising of course remains critically important, a linchpin of our business. Much of our ad growth over the last few years has been driven by the skill and creativity of the people who work at our branded content studio, Re:think. At the same time, we rely heavily on the deep client relationships built by our teams at AtlanticLive and Atlantic 57. On top of all this, programmatic has been an important area of ad growth, and this year we are developing new strategies and hiring personnel to take advantage of these market trends. In all, growing client revenue across all our platforms is a major priority for the year.
What It Will Take
Launching these sorts of ambitious initiatives, along with meeting our other edit and business goals, requires new resources. So here’s the headline: Over the next 12 months, we’ll be adding as many as 100 new staffers to The Atlantic. That’s about a 30 percent boost in personnel, with new people joining every division – from print, digital, and video to Live, CityLab, and Atlantic 57. The newsroom will grow the most, with up to half of these new employees coming to editorial. We’ll also be nearly doubling the size of our product team, bringing new engineering and design resources to bear on all our work. And we are planning major commitments to the data, consumer marketing, and sales teams.
Hiring smart is hard – perhaps the hardest thing we do in our business. To ensure excellence in recruiting, retention, and advancement, we’re creating a Talent Lab to support the newsroom. The journalists in the Talent Lab will assist editorial managers in hiring, and they will help our entire newsroom staff flourish. The Talent Lab will also help us achieve one of our paramount goals: ensuring that our team is truly representative of America in all of its diversity.
This promises to be an exciting and, I believe, transformative time in our history. The Atlantic has reached new heights thanks to the stewardship of David Bradley over the last two decades. And now, as David works alongside Laurene Powell Jobs, we take these next important steps with the guidance and support of our partners at Emerson Collective.