Media Business News and Trends

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

Google is overhauling its web-search formula: Over the next few months, Google will water down the number of web links that a query returns in favor of more direct answers, which would appear at the top of the search results page, in an effort to yield more relevant results.

Posted Mar 15, 2012

An erotic novel (with BD/SM and a whole lot of sex) titled Fifty Shades of Grey, by E.L. James, is sweeping the suburbs, the cities, red and blue states alike just like Peyton Place and The Story of O did 60 years ago. On the Amazon paid Kindle bestseller lists, as of the first week of March, Fifty Shades of Grey is No. 1 in both Erotica and Romance and No. 5 overall. Not bad for a self-published book by a first-time author. The TODAY Show estimated that over 120,000 copies have been sold, most of them ebooks. (Amazon is being characteristically tight-lipped on copies actually sold, so only Amazon and Ms. James really know for sure.) A paperback is available by print-on-demand but the ebook version is what's really flying off the e-shelves.

Posted Mar 15, 2012

Following up on its threat, Yahoo! has filed a patent infringement lawsuit against Facebook. The complaint was filed in San Jose, Calif., federal court. In it, Yahoo! cited 10 patents related to web-based advertising and privacy.

Posted Mar 13, 2012

Reporters Without Borders released its latest "Enemies of the Internet" list, in which it classifies "enemies" as countries that severely curtail freedom of expression on and access to the web. The annual report also includes a list of states "under surveillance."

Posted Mar 12, 2012

FremantleMedia Enterprises, from FremantleMedia Ltd., and Hulu have announced a global first look deal. The agreement enables Fremantle to distribute Hulu original series globally across all platforms, including traditional media.

Posted Mar 12, 2012

CNN is expected to purchase Mashable -- the title digital culture, social media, and technology blog from Mashable, Inc. -- for $200 million, according to Reuters blogger Felix Salmon. CNN is expected to announce the deal on Tuesday, March 13.

Posted Mar 12, 2012

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