Media Business News and Trends

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

Any survey of the epublishing scene in Europe should of course highlight the headline success stories that showcase innovation, risk taking, and deep-level customer engagement across a range of market sectors. Among the winners is the Financial Times, which achieved 1 million registrants for its native web app just 5 months after launch; it is also reported to get 20% of page views and 15% of new subscriptions from mobile and tablet devices.

Posted Apr 19, 2012

In the ebook conspiracy case against Apple, the company will need to prove it negotiated pricing arrangements separately with each of the five publishers named in the U.S. Department of Justice's lawsuit, avoiding group gatherings.

Posted Apr 17, 2012

ebrary, a ProQuest LLC business, announced that Wiley, along with more than 50 newly signed publishers will distribute ebooks in Academic Complete as well as other models, including perpetual archive, patron driven acquisition, and short-term loan.

Posted Apr 17, 2012

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

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