Media Business News and Trends

Mag+ named Gregg Hano as the company's chief executive officer, effective May 7.

Posted Apr 17, 2012

Last month I mentioned the rumors that the Department of Justice was preparing to file antitrust charges against Apple and five publishers regarding "agency pricing," wherein publishers set a specific price for an ebook and the retailer receives a certain percentage of that price. (Author royalties are paid on cover price in a similar manner.) Yesterday the hammer fell.

Posted Apr 12, 2012

The U.S. Department of Justice filed a complaint in U.S. District Court against Apple and five of the Big Six publishers. Included in complaint are HarperCollins Publishers, Hachette Book Group, Simon & Schuster, Penguin Group, and Macmillan. The DOJ alleges that Apple and the publishers conspired to raise the prices of ebooks by as much as $5, in an effort to prevent Amazon, which prices many of its ebooks at $10, from locking in what publishers believe is an artificially low price.

Posted Apr 12, 2012

This article has been removed following the dicovery that it contained content from a longer article published by PaidContent.org. Please read the complete original article there.

Posted Apr 12, 2012

You may not have thought it was possible, but there were apparently iPhone users out there who had not yet downloaded Instagram. But in the wake of Mark Zuckerberg's announcement that Facebook will be buying the photo and editing app for a billion dollars, Instagram has shot to the top of the App Store charts and has been downloaded 5 million times in the week since it hit the Google marketplace.

Posted Apr 11, 2012

Facebook has purchased Instagram, a popular photo-sharing app, for roughly $1 billion in a combination of cash and stock. The sale is expected to close later this quarter and will bring Instagram's eight-person staff to Facebook.

Posted Apr 09, 2012

The Pew Research Center's Internet & American Life Project found that 21% of Americans have read an ebook in the past year. The number of ebook readers grew after a major increase in ownership of ereaders and tablets during the 2011 holiday season, Pew reports.

Posted Apr 05, 2012

Pottermore sold more than £1 million ($1.59 million) worth of ebooks in the first 3 days of availability, according to Pottermore CEO Charlie Redmayne. Sales were higher than expected, Redmayne said. With an average price of $9.13, around 164,000 copies were sold.

Posted Apr 05, 2012

A new study by global interactive marketing provider ExactTarget found two-thirds of online Americans have made a purchase as a result of email, nearly twice the percentage who have purchased after receiving marketing messages via both Facebook and texting.

Posted Apr 05, 2012

The Associated Press (AP) and live video broadcasting service Bambuser AB penned an agreement that allows Bambuser users to share newsworthy video via the AP. The AP will be able to access and use Bambuser content that it vets, verifies and considers newsworthy.

Posted Apr 05, 2012

Many content publishers and distributors need to change their multi-platform publishing strategies or risk losing their audience, according to a new survey conducted by the Software and Information Industry Association (SIIA). SIIA surveyed 85 media companies, information services companies and publishers of various sizes. The results revealed two significant dichotomies related to multi-platform publishing plans: one between the companies' strategies and practice, and the other between the priorities of different levels of management.

Posted Apr 04, 2012

You wouldn't know it to hear publishers griping, but newspapers have a long history of giving away content-or at least selling it on the cheap. That didn't change with the internet; what's really changed is the advertising model.Think about how newspapers were sold in the 20th century. The newsstand cost was actually very cheap, perhaps 25 cents a copy -- and sometimes it was free -- so the subscription revenue was never much to speak of.

Posted Apr 03, 2012

The U.S. Department of Justice could reach a settlement in the next few weeks with Apple and some of the major publishers suspected of planning to raise ebook prices, Reuters has reported, citing people close to the negotiations.

Posted Apr 02, 2012

In a private deal, Godengo, Inc., a CMS provider for magazine publishers, acquired Texterity, Inc., a provider of digital magazines and mobile apps. Together, the companies have created a unified platform for leveraging digital, web, and mobile media.

Posted Apr 02, 2012

CafePress, Inc. announced the pricing of its initial public offering (IPO) of 4.5 million shares of common stock at a price to the public of $19.00 per share. The shares are expected to begin trading on The Nasdaq Global Select Market on March 29 under the symbol PRSS.

Posted Mar 29, 2012

The Pottermore ebookstore is now open. All of the Harry Potter ebooks and digital audiobooks are available (DRM-free) for sale for the first time. Pottermore has partnered with Sony, Amazon, Barnes & Noble, and Google to make the ebooks available to a wide audience.

Posted Mar 27, 2012

The Financial Times (FT) Ltd. launched an interactive marketing campaign focused on new ways to engage its U.S. and global audiences. Housed in New York's Grand Central Terminal, FT Graphic World will feature a series of 3-D interactive film projections.

Posted Mar 27, 2012

Zynga, Inc. acquired game maker OMGPOP, Inc., creators of Draw Something. Zynga paid $180 million plus approximately $30 million in employee-retention payments. Zynga will get a New York-based team of about 40 people as well as a series of OMGPOP's games.

Posted Mar 22, 2012

Organizations operating in the sectors that rely most heavily on enterprise information are among the worst at enabling access to internal content and utilizing it, according to the Industry Information Index, a new study from MindMetre Research.

Posted Mar 22, 2012

LexisNexis acquired Portfolio Media, Inc., the parent company of Law360, an online provider of legal news and analysis that is geared toward business lawyers in the United States. Law360 will continue to run as a stand-alone business. Terms were not disclosed.

Posted Mar 21, 2012

Brand-named writers, marquee editors, and publications named after founders is nothing new to publishing. Think H.L. Menken, Walter Winchell, Anna Wintour, Helen Gurley Brown, Brill's Content, O, Martha Stewart Living... In some cases, the brand elevates the writer or editor to recognizable status; in others, the publication is purely an extension of an individual's personal brand.With the rise of social media, the professional is personal. Social is fundamentally entwined with media. Yet as it has always been for old media, there is risk for new media too reliant upon the one-man-brand. When a brand is bound to a single personality, there are issues of scale, growth and, of course, the potential for implosion upon the eponymous leader's departure.

Posted Mar 21, 2012

Google hired Digg, Inc. founder Kevin Rose and a number of his employees at Milk, Inc., the venture Rose created last year as a lab for experimenting with mobile app ideas. Synacor, Inc. hired Michael Bishara as its vice president and general manager of TV Everywhere platform.

Posted Mar 20, 2012

Really Strategies, Inc. has changed its company name to RSI Content Solutions. In tandem with its rebranding, the company launched a new website at www.rsicms.com. The new name better reflects the company and its services, representatives said.

Posted Mar 19, 2012

Really Strategies, Inc. has changed its company name to RSI Content Solutions. In tandem with its rebranding, the company launched a new website at www.rsicms.com. The new name better reflects the company and its services, representatives said.

Posted Mar 19, 2012

Encyclopaedia Britannica, Inc. announced that it will no longer print its Britannica encyclopedia set, having "complete[d] the transition from print to digital," editor-in-chief Dale Hoiberg said in a blog post. The company will still produce some print products, he said.

Posted Mar 15, 2012

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