Media Business News and Trends

A new travel website called Skift has launched and founder Rafat Ali believes it will bring together a fractured world of travel sites. According to paidContent - which was originally founded by Ali - the site aims to give users a place to read about the different facets of travel, including air travel, cruises, hotel information, and rentals. It will also include stories on the travel industry, covering mergers and acquisitions, and startups.

Posted Jul 30, 2012

Results for the first half of 2012 show that more people than ever are paying for FT content, with digital subscriptions exceeding daily print circulation for the first time.FT.com subscriptions are up 31% year on year to over 300,000 and registered users increased 29% to 4.8 million. Its global paid-for circulation increased to almost 600,000 year on year, and corporate licenses grew 40%.

Posted Jul 27, 2012

Facebook's Q2 earnings report, which was detailed in a presentation today, was strong -- more than most companies could dream of -- but that didn't satisfy Wall Street. The company earned $992 million in ad revenue (a 28% increase), and is somehow still growing its user base, which is up to 955 million monthly active users. Still, the company reported a quarterly loss of $157 million. Overall, though, revenue exceeded expectations at $1.18 billion.

Posted Jul 26, 2012

Social analytics company, CoverCake, announced that the company has entered into a data sharing agreement with Ingram Content Group, Inc. CoverCake works exclusively with book publishers and this agreement will allow the company to overlay a rich context of book metadata over social media book conversations. This agreement will also provide book category analytics and influencer discovery to its customers.

Posted Jul 24, 2012

Pangea Media/SnapApp announced the sale of its quiz and sweepstakes website to Ad-Knowledge, a Kansas City-based company. Despite selling the website, Pangea Media/SnapApp will retain the company's SnapApp platform, a social media tool for marketers and publishers.

Posted Jul 24, 2012

Digital publisher and multimedia content company, Open Road Integrated Media, announced that the company has acquired the rights to publish a graphic novel based on the Windy Hollows computer game for children. Jumpstarter.com is the site that hosts the Windy Hollows game.

Posted Jul 24, 2012

Consumers may have been furious (and vocal) about an April settlement that allowed three publishers - HarperCollins, Simon & Schuster, and Hachette - to settle out of court in regards to an antitrust lawsuit brought against several publishers and Apple for allegedly "price-fixing" ebooks, but that doesn't seem to bother the DOJ. Many people who filed comments with the U.S. District Court in New York have criticized the DOJ for essentially giving Amazon a leg up in the ebook market by taking on its competitors.

Posted Jul 24, 2012

The June 2012 Triton Webcast Metrics report was released and it shows that the audience for internet radio service Pandora is growing. According to PR Newswire, Pandora had a weekly cumulative audience increase of 6% from March of 2012 to June 2012 in the adult 18-49 demographic. With the amount of total listeners in that demographic, it ranks Pandora as the largest radio network in the US.

Posted Jul 23, 2012

The internet has blurred the line between medium and message but it hasn't changed the need for reliable, essential information. People are exposed to more content than ever before. On tablets, smart phones, television, radio and paper, consumers are presented with headlines, articles, infographics, videos, and commentary from friends and experts -- and most consider all of it to be news.

Posted Jul 20, 2012

Independent investment banking service provider, JEGI, announced three deal closings. Northstar Travel Media, a business-to-business information company has been acquired by New York-based private equity firm The Wicks Group of Companies, LLC. Conversen, a developer of interactive management technologies has been acquired by Experian Marketing Services, a provider of data, analytics and marketing technologies.

Posted Jul 18, 2012

Yahoo! announced earnings for the second quarter of 2012 were flat compared to the second quarter of 2011, according to paidContent. Some of the specific quarter-to-quarter numbers for Yahoo include: unique users up 2%, profits of $190 million compared to $191 last year, page views up 5%but minutes on site were down 10%, and the company ended the quarter with 12,500 employees, down from 13,400 last year.

Posted Jul 18, 2012

Audingo, a social media company that allows users to interact with celebrity personalities and organizations, announced it has acquired $3 million in angel funding. With this funding, the company will begin its next phase of development which will expand the platform nationwide. Currently, Audingo is in a pilot plan where the service allowed users to interact with a limited number of celebrity personalities and organizations but the company will be looking to expand its reach.

Posted Jul 18, 2012

Some would call it shrewd guerilla marketing, 2012 style. Others would call it high-mileage performance art. Deborah Emin and Suzanne Pyrch simply call it a fun way to traverse the country and meet some new people on the road-with the added perk of publicizing their self-published books.Emin and Pyrch, partner publishers of Sullivan Street Press (SSP), recently embarked on a two-month road trip with the intent of travelling from their home base of New York City to Las Vegas over several weeks. Their Prius is carefully packed with the necessary gear to camp overnight at numerous stops along the way.

Posted Jul 18, 2012

Marissa Mayer has been named the CEO of Yahoo, the company's fifth in the past five years, according to the New York Times. Despite having a sizable web audience, Yahoo has struggled to attract advertisers, increase revenue, or cut costs. While Yahoo was once the biggest revenue generators on the internet, in terms of market share of online display ads, the company was passed by Google and Facebook last year. Mayer, 37, will be looking to give the company a bold, fresh vision while reassuring investors the company will continue to be profitable.

Posted Jul 17, 2012

MobiTV has withdrawn its request for an initial public offering, according to GigaOM. The company, which makes apps that allow users to watch live TV on smart phones, was hoping to raise up to $75 million with its IPO. The company sent the SEC a letter asking the bid be withdrawn based on what the company referred to as "unfavorable market conditions."

Posted Jul 16, 2012

NBC News and parent-company Comcast announced an agreement to assume full control of MSNBC.com and its digital network from the Microsoft Corporation, according to NPR. The network has begun rebranding the MSNBC site and visitors will automatically be redirected to NBCNews.com. Eventually, it will become the address of MSNBC TV, being a web outlet for the cable network.

Posted Jul 16, 2012

As trading ended on July 11, 2012, Groupon closed at an all time low of $7.77 a share and its overall worth is roughly a third of what it was on the day the company went public. According to All Things D, bankruptcy is not one of the reasons why. The online coupon seller is still operating with a positive cash flow and also has $1.2 billion in cash.

Posted Jul 12, 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 July 9, 2012, with stories on mergers and acquisitions, HootSuite, Internet Protocol Address Management, and more.

Posted Jul 12, 2012

New research coming out of the UK shows that while online video consumption is up, the revenue it generates does not match up by a comparable level across connected devices. Additionally, this research, conducted by Videoplaza, also found that TV is still the first choice for reaching audiences on a national scale when building brand awareness.

Posted Jul 11, 2012

Publisher of self-help websites, MemeBridge, announced the acquisition of DimensionsInfo.com, a specialized resource for users researching information relating to height, weight, depth, and other size measurement. With the deal being finalized, the tech team at MemeBridge will merge DimensionsInfo.com's publication using MemeBridge's custom hosting, content management, and ad serving systems.

Posted Jul 11, 2012

Redwood Acquisitions, LLC announced it has finalized a deal to purchase CSP Information Group, Inc. CSP is a business-to-business media and information company that works with convenience retailing, restaurant, and on-the-go food industries. Redwood said they looked to acquire CSP because of the company's rapid growth over the past six years.

Posted Jul 10, 2012

Linktone announced the acquisition of Okezone.com, Indonesia's third most popular online news and entertainment site. Linktone, a provider of media and entertainment content in Asia, acquired Okezone.com from PT Media Nusantara Citra Tbk, the company's indirect majority shareholder. The company says this acquisition will help expand Linktone's reach across Asia and greatly diversify revenue base.

Posted Jul 05, 2012

In the digital world, the idea of engagement has a very different meaning. Marketing is no longer a one-way street. Rather, marketers have learned to leverage social media to build two-way conversations in pursuit of that magic word: engagement. Scrolling marquees decorated with hashtags and @ symbols stream across our television screens, encouraging viewers to engage, luring us with the promise of sharing our shout-outs with the world. In the social networking age, companies continuously ask themselves: How do we reach these communities? How do we engage? How do we create valuable conversations?

Posted Jul 04, 2012

Social media start-up company, CamUp, has filed suit against search giant Google, accusing it of stealing the idea for a "watch with your friends" button as well as a redirection feature to watch videos in a virtual "hangout." According to Gigaom, the button and hangout features appeared on Google's social network site, Google+, shortly after a meeting in 2011 between Google and CamUp to discuss ways to integrate CamUp with YouTube.

Posted Jul 03, 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 July 2, 2012, with stories on LinkedIn, the top 100 SEO companies, HTML5 and more.

Posted Jul 02, 2012

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