Media Business News and Trends

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

TMNG Global, provider of software and services to the communications, digital media, and technology industries, launched the Cloud Value Model, its proprietary financial model that analyzes a company's costs and benefits before, during, and after migrating to the cloud. It is designed to provide deeper insight and accuracy into the process through a comprehensive five-year analysis.

Posted Sep 08, 2011

Publishing Technology, PLC, provider of publishing software and services, expanded into the Chinese market with Publishing Technology China, which will deliver Chinese publishers local online hosting platforms and domestic sales representation. Its offering includes ingentaconnect, a single platform research publishing solution.

Posted Sep 01, 2011

LOOKK, a platform that connects young fashion designers with consumers through an open social network, went live with a team of seed investors. LOOKK provides a platform for designers to showcase their fashion to a community of fashion lovers, giving aspiring designers and new labels a different way to enter the fashion market.

Posted Sep 01, 2011

Facebook will likely announce the addition of a music platform, which will allow users to listen to music from within Facebook, at the f8 conference in San Francisco on Sept. 22. Speculation about a Facebook music platform has been circulating after possible coding for it was spotted in the code for its video chat platform.

Posted Sep 01, 2011

Ingram Content Group Inc. introduced Global Connect, a program that brings Ingram's print and distribution services to a network of book manufacturers around the world. The expanded printer network combines Ingram's print on demand (PoD) technology with further connectivity to local networks of retailers.

Posted Sep 01, 2011

CNN acquired iPad-magazine start-up Zite. Zite's goal is intelligent media delivery, crafting a different Zite magazine for each reader depending on personal preferences, all from one app. It uses a smart feed reader to personalize content for each reader.

Posted Sep 01, 2011

Tapit Media Pty Ltd., a near field communication (NFC) content delivery startup, closed its seed funding round from Sydney Angels Investors. The round closed 22 days after its pitch, a record for the investment group.

Posted Aug 30, 2011

Taboola.com, Inc., an online video recommendation provider, increased its total funding to $15 million after a $9 million B-round of capital investments. The company also surpassed 250 million daily recommendations generated and served to its publishing partners.

Posted Aug 30, 2011

Sports media site Bleacher Report raised $22 million in a round led by Oak Investment Partners, bringing Bleacher Report's total funding to $40.5 million. Crosslink Capital and Hillsven Capital also contributed. Bleacher Report plans to use the funding to build new content and expand into areas like video and mobile.

Posted Aug 25, 2011

Vizibility Inc., an online identity management platform, closed its follow-on seed round at $1.3 million. Vizibility launched a personal branding platform geared toward both individuals and companies 18 months ago, and plans to use the funds to accelerate its integrations with partners, expand marketing efforts, and increase research and development.

Posted Aug 25, 2011

Steve Jobs, founder of Apple, Inc., has stepped down from the position of CEO, saying he was unable to continue to fulfill his duties. COO Tim Cook will be filling his shoes as CEO. Jobs resigned from the position on Wednesday, and will continue as chairman of the board of directors.

Posted Aug 25, 2011

Zinio, a global magazine newsstand, became one of the three highest-grossing apps for iPad, beating out Angry Birds. The two highest-grossing iPad apps were Smurf Village and a productivity suite. It was the most popular iTunes News app in 52 countries, and its Android app has been installed more than 300,000 times in the first 60 days of its launch on Android.

Posted Aug 23, 2011

According to a Deloitte report, wireless telecom companies in the U.S. may invest from $25 billion to $53 billion in supporting and creating 4G wireless networks between 2012 and 2016. The investment would create 371,000 to 771,000 jobs and increase gross domestic product (GDP) by $73 billion to $151 billion.

Posted Aug 23, 2011

According to a report by RISI, a provider of information for the forest products industry, media tablets are on track to become a mass-market device faster than any other technological device that's previously been released. The study, titled "The Impact of Media Tablets on Publication Paper Markets," shows that sales of tablets will likely reach 195 million units by 2015.

Posted Aug 23, 2011

Skype will acquire GroupMe, a group messaging company founded in 2010 which lets users form impromptu groups with which they can text message, share data, and make conference calls free of charge. The price is reported to be between $50 million and $85 million. GroupMe service is supported on Android, iPhone, BlackBerry, and Windows phones.

Posted Aug 23, 2011

Chinese web services company Baidu announced that it was closing its microblogging platform Shuoba as a result of a "business adjustment." Launched last year, Shuoba provided Chinese users with a Twitter-like service for sharing short updates and other content. The exit of Baidu from the microblogging market leaves competitor Sina as the only significant player in that market in China.

Posted Aug 11, 2011

Platinum Equity announced the acquisition of Quark, a developer of design and publishing software for businesses. Financial terms of the transaction were not disclosed. According to the company, the acquisition will benefit Quark by providing them with Platinum's expertise in mergers and acquisitions, as well as market strategy.

Posted Aug 11, 2011

Content creator and publisher Demand Media announced the acquisition of the Indieclick ad network, which serves ads to a wide variety of independent and alternative blogs. The company will also be extending its ad-serving deal with Google, which it hopes to use to boost its ad revenue and inventory.

Posted Aug 11, 2011

Wiley-Blackwell will partner with The Hastings Center to publish the Hastings Center Report, a journal that covers the bioethics field. Through the partnership, more libraries will be able to access the Hastings Center Report, which publishes essays, commentary, and research articles on the social and ethical issues raised by medical advancements.

Posted Aug 09, 2011

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