Media Business News and Trends

Author J.K. Rowling knows how to cast a spell on readers with her enthralling stories. But she and her publisher probably wish they had a magic wand that could undo the troublesome technical defect in the faulty first run of the ebook version of her new novel, The Casual Vacancy.

Posted Oct 05, 2012

Barnes & Nobles consumers should be forgiven if they're more than a little confused by the appearance and then disappearance for Amazon books on their shelves-yes, the actual, physical shelves. Some Amazon titles are being published and distributed by Houghton Mifflin Harcourt, and they popped up on Barnes & Noble's shelves. But according to paidContent, the books were quickly pulled from shelves when an email was issued asking the local stores to take it down.

Posted Oct 04, 2012

Recent findings from Bowker Market Research reveal that 55% of readers who purchased young adult books belonged to the 18-and-up age bracket. In fact, the largest segment of those adult book buyers were between the ages of 30 and 44, and a good portion of that percentage were buying these books for themselves as opposed to gifts.

Posted Oct 04, 2012

Over 450,000 ebooks and e-journal contributions, over 15 million database entries, and some 17,000 open-access journal articles are now available at De Gruyter Online. The consolidation of all content at a single platform offers scholars advantages, as research can now be conducted conveniently from one interface, regardless of the publication format or distribution model. There are a range of helpful features at De Gruyter Online to make day-to-day use easier, including alerting services that inform users about new releases in a specific field, as well as export interfaces for all major citation services.

Posted Oct 02, 2012

I read several books during my summer vacation. And each time I came across a passage about a person reading a newspaper over breakfast, I checked the copyright page at the front of the book. You just don't see people casually reading the paper over coffee anymore-at least not in the U.S. It's a quaint vestige of an earlier, slower time.The daily newspaper has been replaced by the internet. People don't even casually eat breakfast anymore. They grab a coffee, probably at a chain such as Starbucks, and chug it on the run. They get their news on their mobile devices or laptops.

Posted Oct 02, 2012

America loves its Facebook. According to comScore, Inc., the social network had 158.01 million unique visitors in the U.S. in May 2012. Believe it or not, that represented a slight decline in the number of visitors. Despite its popularity, Facebook has some competitors out there, and they may just be stealing a bit of attention from the leader in social networking.

Posted Oct 01, 2012

No on has taken a more hard line stance against search engine indexing of news content that Rupert Murdoch, but some two years after declaring that Google (and other search engines) would no longer be able to crawl News Corps' The Times, paidContent is reporting that the news site will now allow the first two sentences of its articles to be indexed.

Posted Sep 27, 2012

RAMP, a next generation search and video experience provider, announced a Series C financing led by New York-based StarVest Partners. As part of the transaction, Deborah Farrington, co-founder and general partner at StarVest will be joining RAMP's board of directors. StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to $40 million for the company.

Posted Sep 27, 2012

Rwanda, the tiny East African nation that is synonymous with the infamous 1994 genocide -- in which close to one million people were slaughtered in a bloody ethnic cleansing that lasted about 100 days -- has made giant strides on a path towards national reconciliation and recovery. Today, the country is on a grand march towards socio-economic growth that has been spurred by favorable government policies and investor confidence.However, the Rwandan government has learned valuable lessons from its troubled history and has been working hard toward collating and collecting data from before, during, and after the genocide with a view to using this information to educate not only the Rwandans, but also the entire world on what political and ethnic hatred can do to a people.

Posted Sep 27, 2012

AOL has focused, almost pathologically, on local news over the past few years. The center piece of that strategy has been Patch, which is now getting a makeover. The new look focuses on social networking, and according to paidContent it will debut on five Long Island Patch sites, and slowly roll out to more - and that Patch CEO Jon Brod says the site is focusing on "content, conversation, and commerce."

Posted Sep 25, 2012

It appears that the battle of the retail behemoths is in full swing. Last week Wal-Mart announced it would no longer carry Kindles. Wal-Mart has long been one of the biggest book sellers in America. Amazon, of course, is not only known for being the largest online book retailer, it's now one of the leaders in the e-reader market and is leading Wal-Mart in the online and mobile commerce world.

Posted Sep 24, 2012

Announced to the public in April of 2012, the Department of Justice (DOJ) filed an Antitrust lawsuit against Apple and publishers Hachette, HarperCollins, Macmillan, Penguin Group (USA), and Simon & Schuster. The Justice Department alleged that Apple and the aforementioned publishing companies conspired together in an attempt to curb competitive pricing for e-books, namely in the wake of Amazon's offerings of $9.99 or less.

Posted Sep 21, 2012

While the DOJ's lawsuit against Apple and several publishers - which accuses them of price-fixing - has gotten most of our attention, a similar lawsuit has been working its way through the European legal system. While three publishers settled here in the States, Apple and the other publishers have vowed to fight on. In Europe, however, it's been a different story.

Posted Sep 20, 2012

Those of us who have come to rely on Amazon reviews in our buying decisions will no doubt find recent study results from Gartner truly disturbing. According to the research firm, by 2014 users can expect about 10%-15% of social media reviews to be paid by the companies selling the products being reviewed.

Posted Sep 18, 2012

Founded by Christian Puricelli, former CEO of Onrest Web Services, and Filmon Ghirmai, MyNews.is began a quest to transform how people discover and read news articles. MyNews.is is a personalized discovery magazine, that let's people discover news that is of interest to them. Users choose their categories and sources that interest them and then rate these sources. MyNews.is then selects news stories that may interest the user.

Posted Sep 17, 2012

You're probably most familiar with Buzzfeed as the site you visits for adorable pictures of kittens, but according to GigaOm, the company recently purchased Kingfish Labs for an undisclosed amount of money. Kingfish works in the natural language processing field, and aimed to use Facebook profiles to match up users for online dating.

Posted Sep 17, 2012

According to InfoDocket, OverDrive-which delivers ebooks to libraries for publishers-has warned library customers that Hachette will be raising its prices by 220%. Hachette allows libraries to purchase some 3,500 backlist titles in digital format.

Posted Sep 17, 2012

Amazon is notorious for intentionally vague sales figures. "The Kindle is the top selling item on Amazon.com," it is always boasting, but never really offers concrete figures about what that means. So paidContent's "unearthing" of an email from Amazon Publishing VP Jeff Belle to literary agents is more interesting than it might seem on the surface.

Posted Sep 14, 2012

TheStreet, Inc. a digital financial media company, announced that it has completed the acquisition of The Deal LLC from Wasserstein & Co. Founded in 1999 as The Daily Deal print newspaper, The Deal LLC transformed its business into a digital subscription platform that delivers coverage of the deal economy, primarily through The Deal Pipeline, a leading provider of transactional information and services.

Posted Sep 13, 2012

Alacra, Inc., a provider of online business information solutions, announced the release of the Alacra Authority File, a database of core legal entity data attributes for over 170,000 global business entities, delivered to clients daily. The Alacra Authority File is a comprehensive source of entity reference data which expands, enriches, and enhances publicly available data from the CFTC's Interim Compliant Identifier (CICI) and helps financial institutions prepare for the upcoming release of the global Legal Entity Identifier (LEI).

Posted Sep 13, 2012

Facebook CEO Mark Zuckerberg has been doing more than his share to help his company's faltering stock prices. First he announced that he wouldn't be selling his shares, and then, in a public appearance, he tried to assuage Wall Street's fears.

Posted Sep 12, 2012

The Hive, a new community on Boston.com, launched today as a one-stop destination for news, information, and resources on Massachusetts' innovation economy. The section, , will explore technology, start-ups, the venture community, and the exciting growth of Boston's innovation sectors through local reporting, video series, and a curated feed of the best news and ideas on entrepreneurship from around the web.

Posted Sep 12, 2012

If you visited your favorite website yesterday and found that it was out of commission you probably have Anonymous to blame. The hacktivist group - or at least Twitter accounts believed to be associated with the group - took credit for problems with GoDaddy hosted sites. Small businesses experienced outages, and eventually GoDaddy had to take down its own site and replace it with a statement.

Posted Sep 11, 2012

After last week's ruling that upheld the DOJ's settlement with publishers Hachette, Simon & Schuster, and HarperCollins things have heated up. Many were expecting ebook prices to fall this week, now that publishers have been forced to cancel their contracts with Apple, but lawyer Bob Kohn filed documents that ask Judge Denise Cote to stay her ruling.

Posted Sep 10, 2012

In a report summarizing "major changes" in news media ownership in the past year, the Pew Research Center's Project for Excellence in Journalism (PEJ) touched on a variety of topics, ranging from a busy year for newspaper transactions to the struggles of AOL's hyperlocal Patch websites.Along with the report, which was published on June 26, PEJ launched a new interactive database, dubbed Who Owns the News Media, to help people "make sense of the changes at the highest levels." The database "provides detailed statistics on the companies that now own our nation's news media outlets, from newspapers to local television news stations to radio to digital."

Posted Sep 10, 2012

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