Media Business News and Trends

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

Brooklyn based Huge, Inc. announced the launch of a new platform for authors to connect with fans called Togather. According to The Next Web, authors using Togather will have the opportunity to book talks, signings, and lectures based on demand set by fans. Authors will let the public know when they are available to talk and users will propose an event.

Posted Aug 06, 2012

It used to be easy to identify the biggest players in the news market. Names such as Rupert Murdoch and Ted Turner and their wealth of well-known media brands and properties would immediately come to mind. Today, the web and social media, in particular, have quickly and effectively changed the news media terrain. No longer are people devoted to that one brand or channel for their news or that one stalwart that runs a nationally known newspaper or cable (or network) news channel.

Posted Aug 06, 2012

Aspire Media, the parent company of Interweave Media, has been acquired by F+W Media, a content provider for print and digital media. Interweave is a multiplatform art and craft enthusiast media company and was acquired by Aspire in 2005. Interweave owned and operated 33 websites, 10 online stores, 30 special newsstand publications, and also sponsors 3 craft-themed television shows on public television.

Posted Aug 01, 2012

Los Angeles native Jamarlin Martin, 34, planted the seed for Moguldom Media Group in 2006 with a $6 domain name investment. Since then, the company - which bills itself as the world's largest network of owned and operated digital brands focusing on African Americans, as measured by comScore online reach - says it has seen strong year over year growth. EContent recently had a chance to chat with Martin, Moguldom's CEO and Chairman, about the company's origins, what sets Moguldom apart from its competitors, and some of its future plans.

Posted Aug 01, 2012

Internet radio service, Spotify, is now available to Android users free of charge, according to Spotify's blog. With this app from Spotify, users will be able to use the radio from almost anywhere they are, create stations based on artist, album or playlist, save favorite songs, and make song choice more personal by giving it a thumbs up or down rating.

Posted Jul 31, 2012

StrategyFacts has announced that the company's Data Explorer, the data analytics and visualization tool, will have new capabilities for its users. Data Explorer aids corporate strategy, market intelligence, and business development-and with these improvements, StrategyFacts believe this will make Data Explorer even more marketable to clients.

Posted Jul 31, 2012

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

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