Media Business News and Trends

Rice University's open-education platform, Connexions, launched a program to provide free etextbooks for five of the highest-enrollment U.S. college courses. Because the books will be openly licensed, faculty will be able to adapt content to their needs.

Posted Feb 07, 2012

QuinStreet, Inc. acquired certain Ziff Davis Enterprise, Inc. media assets, including websites as well as its B2B email and telephone subscriber database. Following the sale, more than 100 ZDE employees will be cut from a total workforce of 120.

Posted Feb 06, 2012

The New York Times Co. released its earnings report for 4Q 2011, which did not reflect the recent sale of its Regional Media Group (worth $150 million plus tax benefits). Operating profit fell $5 million from 4Q 2010 to $106.6 million, and revenues dropped to $643 million.

Posted Feb 03, 2012

A woman from Brooklyn, N.Y., is suing Hearst Communications, Inc. for wages she says are owed to her and others who interned at Harper's Bazaar and other Hearst magazines, working 40-55 hours per week without any compensation.

Posted Feb 02, 2012

Facebook filed a nearly 200-page S-1 statement to register with the U.S. Securities and Exchange Commission (SEC). In it, the company claims 845 million users, more than half of which (483 million) are daily active users, a 48% increase over Dec. 2010.

Posted Feb 02, 2012

Yahoo! announced that it is pulling development and support for 10 of its less-popular mobile apps. While some of the apps are popular on the web and others were created for mobile users, consumers are not using them as much as Yahoo! would like.

Posted Jan 30, 2012

Bridgeline Digital, Inc. announced David Maffei has joined its team as senior vice president of business development. Apple named John Browett, CEO of Dixons, as its senior vice president of retail. Copyright Clearance Center appointed Roy S. Kaufman as the company's managing director of new ventures.

Posted Jan 30, 2012

Bank of America Corp. plans to introduce a Groupon-like service to its customers, offering them online discounts based on their previous spending. Customers will receive offers through the bank's website; discounts will be awarded via monthly cash payments.

Posted Jan 27, 2012

Bluefin Labs, Inc., a social TV analytics startup, raised $12 million in a Series B round of funding. The Time Warner Investments group led the round with participation from SoftBank Capital, Redpoint Ventures, and Lerer Ventures.

Posted Jan 25, 2012

In an effort to help brands better understand the intent and motivations of their target audiences, San Francisco-based Twelvefold Media--which calls itself "an emotive-based media company that helps brands target, reach and persuade engaged audiences"--introduced the Mindset Index on Jan. 24.

Posted Jan 25, 2012

The Pew Internet and American Life Project found that the number of U.S. residents who reported owning a tablet or an e-reader nearly doubled between mid-December and early January, both jumping from 10% to 19%, attributable to the available of lower-priced options.

Posted Jan 24, 2012

OverDrive, Inc. has released 2011 statistics on library ebooks, audiobooks, and digital media from its Virtual Branch websites. The websites garnered 1.6 billion page views, up 130% from 2010. Similarly, the company reports nearly 100 million visitor sessions, a 107% increase over 2010.

Posted Jan 19, 2012

Pearson, PLC reported that in 2011, it accrued around £600 million ($927 million) from emerging markets and £2 billion ($3.09 billion) in digital revenues, according to its January trading update. Pearson's digital revenue is up from £1.6 billion ($2.47 million) in 2010.

Posted Jan 19, 2012

Nucleus Research found that electronic content management applications have an average ROI of $6.12 for every dollar spent. Nucleus' case study audits indicate that increased competition and more cost-effective cloud options are driving down software prices and deployment costs.

Posted Jan 18, 2012

Yell Ltd. appointed Linda Kennedy as the company's new director of group human resources. The Audit Bureau of Circulations named Eric T. John as vice president of ABC Interactive.

Posted Jan 16, 2012

Future Publishing Ltd. has sold its New York operation to NewBay Media, LLC, in a deal worth $3 million (£1.9 million). NewBay, owned by the Wicks Group, LLC, will front an initial $2.6 million in cash, followed by $150,000 in cash on Sept. 30 and the final $250,000 (cash) in 3Q 2012.

Posted Jan 16, 2012

Target Corp. will introduce miniature Apple shops to its own stores, beginning with trial runs at 25 locations that will roll out this year. This store-within-a-store concept has been described simply as "expanded displays" of the products, though it could resemble the Apple stores seen within Best Buy retail locations.

Posted Jan 16, 2012

The Financial Times (FT) Ltd. announced four new appointments to its editorial teams in the U.S. and U.K.

Posted Jan 13, 2012

A new report from Marin Software, Inc. indicates that tablets and smartphones accounted for 10% of all paid-search ad clicks in the U.S. in 4Q 2011 -- double the amount in 3Q 2011. Search ads also accounted for the highest of all click-through rates.

Posted Jan 13, 2012

New research from In-Stat, part of The NPD Group, Inc., outlines users' attitudes and behaviors toward mobile devices. In-Stat concluded that larger screens are more conducive for productivity, whereas smaller screens are better for communication and entertainment.

Posted Jan 12, 2012

Scandinavian media group Schibsted ASA plans to acquire music streaming provider Aspiro AS for 340 million Swedish kroner ($49 million). Schibsted already owns 18.3% of the company, and Aspiro's board is reportedly recommending that its shareholders accept Schibsted's bid for all shares.

Posted Jan 12, 2012

LogMeIn, Inc. acquired Bold Software, LLC, to expand LogMeIn's portfolio of web-based services aimed at customer care organizations such as call centers, external help desks, and customer service teams. Total cash value of the deal is $16.5 million.

Posted Jan 09, 2012

Copyright Clearance Center, Inc. (CCC) purchased Pubget, Inc., a solutions provider focused on content acquisition and analysis through search, retrieval, and browse capabilities. Financial terms of the deal were not disclosed. Pubget founder Ramy Arnaout will join CCC as a senior advisor.

Posted Jan 09, 2012

Safari Books Online -- a joint venture from O'Reilly Media, Inc., and Pearson Education, Inc. -- has acquired Threepress Consulting, Inc., makers of the Ibis Reader online EPUB reading system. Financial terms of the acquisition, effective Jan. 1, were not disclosed.

Posted Jan 09, 2012

At this week's Consumer Electronics Show (CES) in Las Vegas, Google plans to unveil new Google TV devices and television sets. Google is expected to ship the majority of its TV sets by mid-2012, according to chairman Eric Schmidt; however, no official release dates have been announced.

Posted Jan 09, 2012

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