Media Business News and Trends

Ebooks have long been accused of cannibalizing publishers' other sales. While those ebooks have started flying off the shelves (or over the internet) those same publishers have struggled to figure out how to make the new-fangled digital books profitable. Now HarperCollins UK's CEO Victoria Barnsley says that, within the next 18 months, half her company's fiction sales will come from ebooks.

Posted Aug 29, 2012

Is there a better fit for digital media than the punk scene with its DIY ethic? Probably not. So BUZZMEDIA's acquisition of several punk rock publications which it will roll together to form AbsoluteVoices.Joining BUZZMEDIA's own AbsolutePunk is Under the Gun Review, Alter the Press, Property of Zack, and PunkNews, according to the Sacramento Bee.

Posted Aug 27, 2012

Every week, EContentmag.com highlights hot stories and links on digital content and digital media. Here are the latest links for the week of August 20, 2012, with stories on Random House, mobile entertainment revenues, and more.

Posted Aug 23, 2012

Last week it looked like Facebook might be able to settle a lawsuit regarding its "Sponsored Stories" which used users "likes" to match ads that would then appear in users' newsfeeds. Both sides agreed to a settlement but a judge rejected it on Friday, saying it did not explain well enough how the two sides came to the figures described in the settlement.Meanwhile, the FTC has finally given the OK to the social media giant's acquisition of Instagram.

Posted Aug 23, 2012

Apparently the number of copies sold is no longer a good enough indicator of bestsellers. With more inexpensive indie books hitting the ebook "shelves" and, eventually, the best seller lists, Digital Book World decided to take on the task of coming up with a more accurate picture of how the books are selling.

Posted Aug 22, 2012

The Q1 earnings news was not bad for Barnes & Noble investors, though it wasn't great either. According to paidContent, B&N revenues were up to $1.45 billion, but Nook sales weren't as much help as the bookseller might have hoped: "Nook sales - which include devices, digital content and accessories - were $192 million for the quarter, compared to $191 million last year."

Posted Aug 21, 2012

Last week the media began to anticipate the first flood of private Facebook shares onto the market as the first lock-up expired. Now, Peter Thiel, an early investor in the social media site, has sold 20.1 million shares, according to USA Today. Through his affiliates, Thiel offloaded the shares on Thursday and Friday, for a total of about $396 million.

Posted Aug 21, 2012

Barnes & Noble announced it will be offering its popular e-reader, Nook, to customers in Britain. According to the New York Times, this move will put Nook in direct international competition with Amazon's Kindle, which has been available in Britain for a few years.

Posted Aug 20, 2012

The Department of Justice's ongoing lawsuit against Apple and a number of book publishers for allegedly conspiring to increase ebook prices is taking another tun. According to The Daily Examiner, Apple has filed to block the settlement the DOJ reached with HarperCollins, Simon & Schuster, and Hachette back in May.

Posted Aug 20, 2012

TTAGIT, an open-forum discussion social network and comment management system, is available in beta form for download and use. Users who download the social networking application can engage in conversations and participate in debates on sites and ports that do not allow live streaming.

Posted Aug 17, 2012

Despite the growth of digital magazine sales in the UK, overall magazine subscriptions continued to fall across the UK, according to paidContent. Statistics show that from the second half of 2011 to the first half of 2012, the digital magazine business has doubled in terms of average monthly circulation. But that percentage of subscribers only accounts for 0.73% of total subscribers.

Posted Aug 17, 2012

Provider of search engine and social optimization software company, SEOmoz (Moz), has acquired Followerwonk, a Twitter analytics company. Moz believes the company will be able to expand Followerwonk's capabilities, which currently include Twitter profile searches, user comparison, and analysis through visual graphs.

Posted Aug 16, 2012

When Facebook went public this year, the company released a limited amount of shares for the general public to buy, as is common practice. The other shares were privately held by angel investors and venture-capital firms that invested in the company early on. According to the Wall Street Journal, a large number of those shares could be unlocking and flooding the market as soon as this week.

Posted Aug 14, 2012

Ebook lending site, LendInk, was suspended after a series of cease and desist letters were sent to the website's host from a number of authors, according to Geekosystem. LendInk worked by matching up those who wish to borrow books with those looking to loan them. Once the two parties found each other, they were then directed to a digital book company's website, such as Amazon or Barnes and Noble, where the loan could be completed. LendInk is currently offline.

Posted Aug 13, 2012

There is growing speculation that Amazon is set to release the newest version of the company's popular e-reader, Kindle. According to the LA Times, the company listed a number of Kindle and Kindle-related products at deeply discounted prices on the Amazon website, such as the Kindle DX, which was listed at $110 off its regular price.

Posted Aug 13, 2012

The American Library Association (ALA) released a report which summarizes current business models for library ebook acquisition, according to Digital Book World. With this report, the ALA recommends new standards and structures to go along with ebook acquisitions and concludes that ebook publishing is growing and evolving at a very rapid pace, making it difficult for libraries to keep pace.

Posted Aug 13, 2012

The Huffington Post Media Group announced the launch of HuffPost Live, the site's live streaming network. Starting today, anyone with a smartphone, a tablet, or a webcam has the chance to join the conversation happening on HuffPost Live.Arianna Huffington, president and editor-in-chief of the Huffington Post Media Group said in a press release, "The news is no longer about a few people telling everyone else what happened - it's about everyone telling everyone what's happening right now. And now. And now... This shift from presentation to participation is what fuels HuffPost Live."

Posted Aug 13, 2012

Editors are not known for embracing change. So when Ebyline surveyed editors to see how social media and SEO have changed their jobs, it's no surprise that many still valued the basics of good journalism over other concerns.According to Ebyline original reporting, depth/expertise, and exclusivity topped the list of content success factors followed by publication title and presentation. At the bottom of the editors' list were social media value, author byline, and SEO-which, to many web-focused audiences, may seem counterintuitive.

Posted Aug 10, 2012

Digital media company, Demand Media, announced that Michael Blend has been promoted to president and COO, according to paidContent. Previous to this appointment, Blend had been overseeing the company's content and media services. Blend replaces Charles Hilliard, who stepped down in June.

Posted Aug 08, 2012

The New York Police Department plans to subpoena Twitter to release the name and information of the user who threatened to attack a New York theater. According to ABC News, the user wrote how he or she would attack the theater in a similar manner to how James Holmes killed 12 people during a showing of The Dark Knight Rises. While the NYPD had asked Twitter to hand over the information, the social media company has so far refused.

Posted Aug 08, 2012

Amazon UK is reporting it's selling more ebooks than print books. According to ZDNet, this news comes two years after the Kindle became available to the UK. Company statistics cite that for every 100 print books sold, there are 114 ebooks sold.

Posted Aug 07, 2012

Court documents show that when Google invested $180 million to scan and make books available online, one of the driving forces of that effort was to take on Amazon, according to Biz Journals. Google is being sued by the Author's Guild and court papers show that one of the main goals of scanning books was to have consumers look on Google's websites instead of Amazon's.

Posted Aug 07, 2012

Digital publisher and multimedia content company, Open Road Media, has partnered up with BlogHer, a media network and publisher for women. As a result of this pairing, The BlogHer Voices of the Year: 2012 will be published as an ebook anthology. The selections for the anthology were chosen from a committee which selected 110 works from nearly 1,700 submissions. Open Road Media did not say when the anthology would be published.

Posted Aug 07, 2012

FourthWall Media, an interactive television company, announced a new division to the company called MassiveData. With this new division, the company will be able to deliver a suite of products and services aimed at helping its customers form more effective marketing and advertising strategies by finding the audience they want to reach.

Posted Aug 06, 2012

Internet radio service provider, Pandora, announced new metrics for the company in the month of July 2012. According to the company, listener hours during July were 1.12 billion, which is an increase of 76% from the same time last year. The share of total US radio for Pandora in July was 6.13%, which is an increase from the 3.51% it had last year.

Posted Aug 06, 2012

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