Media Business News and Trends

LivingSocial issued $142.9 million in shares to acquire South Korean daily deals provider, TicketMonster, Inc. While the sale was announced as part of a business combination, whether this means a merger, an acquisition, or an exchange offer has not yet been clarified.

Posted Oct 11, 2011

Netflix, Inc. backed out on its plan to split its DVD-by-mail service into a separate company called Qwikster, which was met with customer backlash and unsubscriptions. Netflix originally announced this plan on September 18, adding insult to injury after its 60% price hike in July.

Posted Oct 11, 2011

Netbiscuits, a mobile platform for developing, publishing, and monetizing sites and apps, published its "Mobile Web Metrics Report," which found high fragmentation in smartphone operating systems, lack of support for basic HTML5 features, and a persistent long-tail of devices. The findings of the report are based on 8.5 billion page and content requests.

Posted Oct 06, 2011

Apple announced the death of Steve Jobs yesterday, due to complications from the pancreatic cancer he had battled since 2004. He was 56. "Apple has lost a visionary and creative genius, and the world has lost an amazing human being," said a statement on Apple's website, calling Jobs "a dear friend and an inspiring mentor."

Posted Oct 06, 2011

Federated Media Publishing acquired Lijit Networks, Inc., a provider of ad services, audience analytics, and reader engagement tools for blogs and websites. Headquartered in Boulder, Colo., Lijit will become a wholly-owned subsidiary of Federated Media, although financial terms of the acquisition were not disclosed.

Posted Oct 04, 2011

Yahoo! and ABC News announced an alliance designed to enhance the digital delivery of news by combining Yahoo! News' large audience and far-reaching content with ABC News' operations, anchors, and reporters. According to Gigamo, the alliance debuts with the launch of GoodMorningAmerica.com on Yahoo! (GMA.yahoo.com) and the introduction of three online video series that feature ABC News correspondents.

Posted Oct 04, 2011

Covario, Inc. and Adobe announced plans to integrate SEO data from Covario Organic Search Insight with Adobe SearchCenter+. The integration is designed to help marketers asses the impact of Organic Search rankings on paid-search programs.

Posted Sep 29, 2011

Demandbase, Inc. partnered with online business network Focus to release the "2011 Demandbase National Marketing and Sales Study," which reveals that a company's corporate website is the second-highest source of new sales leads. Personal connections and referrals edge out the corporate website for the number one spot, but the website is seven times more effective than social media, the study found.

Posted Sep 29, 2011

Twitvid.com raised $6.5 million in series B funding led by Azure Capital Partners. According to Gigaom, existing investor Draper Fisher Jurvetson also contributed to the funding round, which Twitvid says it will use toward building onto its team as well as developing its product and technology infrastructure.

Posted Sep 29, 2011

TechMediaNetwork, Inc. received a $33-million Series B financing from ABS Capital Partners. Existing investors Village Ventures and Highway 12 Ventures were also in on the deal. TMN will use the funds to increase its acquisition program, further expand its news organization, and boost revenue and distribution.

Posted Sep 27, 2011

Myriad Group AG announced its partnership with Vodafone Essar to deliver social networking and messaging services over SMS and USSD to its subscribers across India. Vodafone Essar will leverage Xumii, Myriad's mobile social networking platform, as well as Myriad Updates.

Posted Sep 27, 2011

IMImobile acquired Skinkers, a U.K.-based digital agency that develops desktop, iOS and Android apps for its clients. Together with IMImobile's DaVinci evolved service platform (ESP), Skinkers will offer comprehensive solutions in mobile commerce, customer care, and two-screen interactive TV.

Posted Sep 27, 2011

Groupon, Inc. changed its accounting treatment for the third time in amendments to its IPO filing with government regulators according to a report on Daily Deal Media. Instead of measuring revenue by "gross revenue," which includes the money it pays out to merchants, Groupon's revenue will now be measured using its net revenue--the money it retains.

Posted Sep 27, 2011

Atex partnered with The Access Network Company on the development of new functionality for the Polopoly web CMS, focused on meeting the needs of branded publishers. The new solution is designed to provide a cost-efficient platform for small to mid-size publishers.

Posted Sep 22, 2011

Glam Media, Inc., a social content platform company geared toward women, is acquiring Ning, an online social website building platform. With the acquisition, Glam Media plans to extend its social media platform, add new distribution channels, and leverage the talent from the Ning team to connect brands with customers.

Posted Sep 22, 2011

Wiley-Blackwell announced the launch of the Wiley Job Network, an online recruitment tool that enables employers to attract applicants from among the users of Wiley Online Library's products and services. Wiley Job Network brings job opportunities from an array of industries to job seekers by leveraging Wiley's network of professionals and scholars.

Posted Sep 20, 2011

According to paidContent, Google reportedly acquired Daily Deal, a German daily deal site akin to Groupon. The Daily Deal site states that the barely 2-year-old startup will be combining with Google Offers. The search giant also began rolling out a mobile payment service called Google Wallet, available in the U.S. on Sprint's Nexus S device, in cooperation with MasterCard.

Posted Sep 20, 2011

Netflix will split into two brands: Netflix for streaming, and Qwikster for DVD rental, according to CEO Reed Hastings. As reported on paidContent, the company announced it would be separating the two services and increasing subscription cost earlier this summer, but was criticized for lack of adequate communication on the matter.

Posted Sep 20, 2011

Publishing Technology, PLC, which provides software and services to the publishing industry, will build an academic publishing platform for GSE Research. The new online platform will use pub2web, Publishing Technology's semantic web-based publishing software. GSE Research hopes to build an interactive sharing community around the platform.

Posted Sep 15, 2011

Accumulate, a provider of mobile financial and security solutions, announced a partnership with PayPal. The two companies will collaborate on mobile services for the Swedish local market, based in Accumulate's Mobile Everywhere (ME) platform.

Posted Sep 15, 2011

Genpact Ltd. acquired EmPower Research, an integrated media and business research company that specialized in social media research, media monitoring, and data management. The acquisition will boost analytics, research, reengineering, and risk management in Genpact's Smart Decision Services business.

Posted Sep 15, 2011

Exponential Interactive Inc. completed the acquisition of AdoTube, a centralized end-to-end digital video solution that offers publishers and advertisers access to proprietary in-stream video advertising. AdoTube will leverage Exponential Interactive's footprint across 23 countries to expand its global presence.

Posted Sep 15, 2011

Mobile ad network InMobi announced that it raised $200 million in its latest funding round from Softbank Corp., a Japanese company. The investment is the largest of the year in the mobile sector, and one of the biggest venture capital deals of the entire year.

Posted Sep 15, 2011

Google acquired Zagat Survey, LLC, a restaurant review and recommendation guide founded more than 32 years ago. First delivering these recommendations on pocket-sized guides, Zagat will now become a part of Google's local offering, leveraging Google search and Google Maps to create a local service based on Zagat reviews, ratings, and insights.

Posted Sep 13, 2011

The McGraw-Hill Companies announced the approval of a new Growth and Value Plan that separates the entity into two public companies: McGraw-Hill Markets and McGraw-Hill Education. McGraw-Hill Markets will focus primarily on capital and commodities markets, and McGraw-Hill Education will focus on education services and digital learning.

Posted Sep 13, 2011

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