Media Business News and Trends

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

There is no doubt that the folks over at Flipboard have created a great product and business model for themselves and their investors. It's really almost as simple as the Google model. Create a technology that grabs "other people's content" and assemble it in a new way that the consumer desires and then monetize the heck out of it. Do all of this in the name of a noble mission to truly help provide the content providers with a new way to drive sales and profits and give consumers/readers what they want. This is magical from a P&L standpoint because companies like Google and Flipboard have no content or editorial costs in their business model. Use third party free content and make huge money in the assembly and showcasing of this content.

Posted Jun 29, 2012

Reports suggest that it's likely Amazon Publishing will acquire the assets of defunct Dorchester Publishing, according to Digital Book World. Dorchester, a company known for publishing romance, Westerns, and horror titles, will be put up for auction and Amazon is ready to snatch up Dorchester's backlist of titles.

Posted Jun 28, 2012

Executives at News Corp have confirmed the media giant is considering splitting up the company into two separate entities, according to NPR. If this were to happen, News Corp would break off the entertainment and television divisions from the newspaper and publishing divisions-which have been plagued with legal and publication woes as of late.

Posted Jun 27, 2012

Seth Godin made waves today when, he launched a Kickstarter Campaign for his new book, The Icarus Deception. The goal was to raise $40,000 over the next month or so -- which basically amounts to pre-ordering the book, since backers will get copies of it for their support -- and Godin was able to meet that goal within a few hours. As I write, he's raised nearly $200,000.

Posted Jun 19, 2012

Online video marketing company Alloy Digital announced the acquisition of Clevver Media. Clevver Media is one of YouTube's largest content providers and says it has more subscribers than any other channel on the video site. This is the latest acquisition for Alloy which acquired a number of other media and talent companies over the past year.

Posted Jun 19, 2012

As an applications engineer for Bunchball, an industry leader in the field of gamification, Kasey McCurdy develops front-end applications for the Nitro gamification platform. "I started my career primarily as a designer, and because of my unique background, I often find myself helping with design, user experience, and the overall conceptualization of different products and solutions," McCurdy says. "I get to implement Nitro with a large variety of platforms, from Salesforce.com to Jive Software to mobile."

Posted Jun 15, 2012

In an effort to promote English literacy around the world, the State Department is considering purchasing up to 35,000 Kindle e-readers as well as selected content, according to Nextgov. The Kindles would be distributed to US-friendly educational centers around the world and would be available to those looking to study English and learn about America.

Posted Jun 14, 2012

Asia Pacific media technology platform company Komli has announced it has raised $39 million dollars. The large part of the funding came from Norwest Venture Partners while several other companies also contributed to the funding. All together, Komli has now raised $62 million.

Posted Jun 12, 2012

Shout! Factory, a multi-platform entertainment company, has announced it has acquired iOS applications Video Time Machine, Political Time Machine and Holiday Time Machine from Original Victories, Inc. Shout! Factory sees these acquisitions as a way to broaden its footprint in the area of entertainment apps.

Posted Jun 12, 2012

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