Media Business News and Trends

Imagine being a Digital Native--part of a generation that has never known a world in which the internet didn't exist. From the time you could work a mouse, you were instant messaging your friends and asking Google questions about your homework. Eventually, you probably got a smartphone, and now you can text your friends while in class or scan a bar code in a store to find the best price on your next purchase. And you're also making your way into the workforce.

Posted May 28, 2012

With student loan debt recently topping out at $1 trillion, and the next wave of fresh-faced college graduates taking their newly-inked diplomas straight to the unemployment line, the question of whether higher education is worth the effort, time, and money is on many people's minds. The equation used to be so simple: go to college, complete a degree, and get a job. Not anymore. Luckily, for students with dreams of finding careers in the competitive world of publishing, all hope isn't lost. The Champlain College Publishing Initiative, a student-centric publishing company based at Champlain College, not only teaches students about the publishing industry, it turns them into editors, designers, and publishers, all before they even step foot off campus.

Posted May 25, 2012

A significant decision in the patent infringement case, Oracle v Google, has been reached and a jury has decided that Google's involvement with Android did not infringe on Oracle's patents with Java, according to the Washington Post. As a result, there will be no damages awarded.

Posted May 24, 2012

Google CEO Larry Page made it official -- though not "Facebook official" -- yesterday when he announced in a blog post that Google finally closed the Motorola mobility deal, buying the company for a reported $12.5 billion. Page stressed Motrola's willingness to bet on Google's Android operating system, and thanked CEO Sanjay Jha for his confidence before announcing that Jha had stepped down. Taking over as Motorola Mobility CEO is Dennis Woodside.

Posted May 23, 2012

The digital media industry continues to evolve, in part because of the people who have devoted their time and expertise to advancing the technology and the content that it powers. When we asked industry experts who they felt were the 15 most influential people in digital media, we expected to receive a range of responses. And that's what we got.

Posted May 21, 2012

No one likes to pay for content but a new set of surveys not only suggests that people are becoming less hostile to the idea of paying for digital content, but also reveals what types of content people are willing to pay for. According to a survey from DigiCareers, which looked at habits of US digital media professionals, 42% of respondents say they will explore prices and actually consider a purchase decision.

Posted May 18, 2012

Lately Warren Buffett may be more famous for talking about his tax returns than his business savvy, but that's not stopping him from picking up some new properties. According to the Wall Street Journal, Berkshire Hathaway has agreed to buy 63 papers from Media General for $142 million.

Posted May 17, 2012

At FishBowl Worldwide Media, an independent production company that develops scripted television, unscripted television, and digital content, Kelly Nash is a manager in the unscripted television division. "I develop new television ideas on my own, and also meet with independent producers in the community who pitch me ideas," Nash says. "When I partner with a producer, we develop the format together as a 50/50 partnership." After putting together a presentation that includes a "sizzle reel" to provide a taste of the show and its characters, the team pitches it to television networks.

Posted May 16, 2012

Seventeen new states have joined together in a class action law suit against Apple and various book publishers bringing the total to 31 states accusing the defendants of conspiring over pricing, according to paidContent. New details about the suit, such as behind the scenes price negotiations have been detailed-including an email from Steve Jobs writing about options publishers had in relation to e-publishing options.

Posted May 15, 2012

At the Software and Information Industry Association's Content VIA Platforms conference in San Francisco on May 10, the "Gang of Four" - Google, Apple, Amazon, and Facebook -were omnipresent, even if no one from those organizations was scheduled to speak. Publishers and technology providers used "VIA" to discuss the risks and opportunities in working with these companies, a sign of the importance the four platforms now play in meeting the evolving preferences of eContent consumers.

Posted May 11, 2012

A study conducted by iYogi Insights reveals that 42% of consumers subscribe to new products and services after experiencing them for free. The findings were based off more than 2,000 iYogi customers and the data shows that a Freemium offering is vital to the success and market penetration for new products and services.

Posted May 10, 2012

Perfect 10, which sells photographs of nude models, has sued the popular blogging site Tumblr in a complaint filed on Monday for failing to remove copyrighted photos from its website, according to an article on paidContent. Perfect 10 says it emailed Tumblr a number of times with requests to remove certain images from the Tumblr website and never got a response.

Posted May 08, 2012

As we watch newspapers continue to struggle with the digital transformation, it's worth looking at another time in history when newspapers grappled with a disruptive technology. That's right, the introduction of the internet was not the first time newspapers were rocked by revolutionary upheaval. In the middle of the 19th century, as the telegraph started to take hold, newspapers initially saw it as a threat before coming to a realization: It could actually transform the industry. Sound familiar?

Posted May 08, 2012

SocialInSight, an online community that mixes investing with social media, has purchased SocialPicks-a company that also crosses investing with social media-from FinancialContent Services. SocialInSight sees the acquisition as a way to strengthen and bolster its position in the community of the online investing and as a way to get attached to a growing brand.

Posted May 03, 2012

‘Tis the season for first quarter earnings reports, and social gaming company Zynga is announcing that it beat expectations. The company is reporting 292 million active monthly users-up nearly 60 million over last year-which amounts to a 32% revenue increase for $321 million.

Posted May 01, 2012

Nimble, a Social Relationship Manager, announced that it is now offering qualifying community managers across a one-year complimentary business edition subscription. Acknowledging social media early adopters as the linchpin for wider social business integration, Nimble empowers community managers to be more successful at connecting, listening and engaging with contacts across multiple social streams.

Posted May 01, 2012

I too was once a Pinterest skeptic. I kept getting emails telling me that friends had invited me to the virtual pinboard site, and I kept ignoring them. Eventually, my friends started trying to sway me in person, and I kept saying, "I just don't want to deal with another social media site."Then, one dark and dreary night, I decided to try it out. At first I used it to organize craft ideas for Christmas. Then I started gathering recipes for an onslaught of holiday and birthday parties I had to throw. One thing is for sure: Recipes and crafts are the gateway pins!

Posted May 01, 2012

Barnes & Noble's beleaguered investors got a boost today when Microsoft pumped $300 million into the company for just under a 20% stake in the Nook. The bookseller's stock soared 85%. According to CNN, "Microsoft's investment values the overall Nook business at $1.7 billion, which is more than twice the $792 million market value for all of Barnes & Noble at the close Friday."

Posted Apr 30, 2012

Seven students from the University of Missouri have won the 2012 RJI Student Competition, sponsored by Hearst Innovation. Tasked with finding low cost ways for advertisers to reach target audiences, these students developed a widget that created a self service network with personalized content on Hearst Newspaper websites.

Posted Apr 30, 2012

Financial Times purchased web and application developer Assanka in January of this year and now it has decided to rename the company. Assanka will now be FT Labs in a way to fully integrate Assanka under the Financial Times umbrella and build up the brand.

Posted Apr 30, 2012

The first quarter was mostly positive for Amazon as its net sales increased 34% to $13.18 billion, compared to $9.86 billion in the first quarter of 2011. The strength of Amazon sales are pushed by strong demand for the Kindle Fire, which Amazon says is the best selling item on the entire site. Further helping the sales of Kindle Fires are the fact that of the top 100 selling ebooks, 16 are exclusive to Kindle.

Posted Apr 30, 2012

Media mogul Rupert Murdoch has been in the hot-seat as of late, facing British Judicial inquiries -- along with his son -- about the phone hacking scandal that led to Murdoch shutting down The News of the World last year.

Posted Apr 26, 2012

2011 was the first year that global consumer spending on media content, apps, and services for mobile phones broke through the $100 billion barrier. According to the latest Global Mobile Media Forecast from Strategy Analytics, consumers are expected to increase this spend on mobile media by a further 13.4% from $121.8 billion in 2011 to $138.2 billion in 2012.

Posted Apr 24, 2012

Travora Media-which says it is creating a next-generation media brand in travel with local, social, and mobile content services-announced the acquisition of The Nile Project, Inc (Nile Media), a San Francisco-based company with a portfolio of three well-known websites: NileGuide, 10Best, and Localyte and mobile apps focused on providing local expertise to travelers. Terms of the acquisition were not released.

Posted Apr 24, 2012

Many media prognosticators continue to spew a doom-and-gloom forecast for online newspapers, digital publishers and marketers, and electronic content providers. But Roger McNamee, managing director/founding partner of private equity firm Elevation Partners, foresees a more optimistic near-term future for these players-provided they get with the program, specifically HTML 5 and mobile apps.

Posted Apr 20, 2012

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