Media Business News and Trends

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

Satirical news source The Onion is implementing a subscription model for non-U.S. visitors. Those who want to read more than five stories within 30 days are charged a $2.95 monthly fee, or given the option to pay a $29.95 annual fee.

Posted Aug 09, 2011

ProQuest, LLC acquired Expert Information Ltd., the U.K.-based publisher of Index to Theses and Theses.com, which provides citations and abstracts for British and Irish dissertations and master's theses. The addition will expand ProQuest's dissertations publishing program, which includes its graduate research resource, ProQuest Dissertations and Theses (PQDT).

Posted Aug 09, 2011

Broadband and phone provider TalkTalk launched the TalkTalk Digital Heroes Awards 2011, a U.K-wide search to find people using digital technology to benefit their communities. The awards will be run as a partnership with Citizens Online and supported by Race Online 2012. Twelve winners, one from each region of the U.K., will each get £5,000 to enhance their digital projects, with one overall winner getting £10,000.

Posted Aug 04, 2011

As of January 2012, Springer will begin publishing the Chinese Journal of Mechanical Engineering (CJME), an official Chinese Mechanical Engineering Society (CMES) journal. CJME is a peer-reviewed publication, and will join Springer's Chinese Library of Science, a collection of more than 90 China-based international research journals.

Posted Aug 04, 2011

Social media giant Facebook snapped up Push Pop Press, a digital publishing company that developed a multi-touch interface for enhanced ebook publishing. The company, which was founded by two former Apple engineers, recently published Our Choice, an enhanced ebook by Al Gore detailing research and concepts for helping fight global warming.

Posted Aug 04, 2011

Interim results from the first half of 2011 reveal that the Financial Times increased its audience and attracted more paying subscribers across all channels. As of June 2011, customers that subscribe to FT.com increased by 34% and the total number of registered users for the site grew to more than 3.7 million. This increase in registered users reflects a 49% growth compared to 2010.

Posted Aug 02, 2011

Springer is partnering with the Beijing Normal University to launch a fully sponsored open access (OA) journal called International Journal of Disaster Risk Science (IJDRS). The journal will be included in the SpringerOpen portfolio, which allows the journal's contents to be OA immediately, and available on Springer's online platform SpringerLink to anyone with an internet connection.

Posted Aug 02, 2011

Cengage Learning completed its acquisition of the National Geographic Society's (NGS) digital and print school publishing unit, creating a new Cengage brand called National Geographic Learning. Cengage acquired extended rights to distribute NGS images, maps, videos, articles, and other content. The National Geographic Science Series, National Geographic Explorer! magazines, and Hampton Brown's literacy and language programs are now assimilated into Cengage's English Language Learning business.

Posted Aug 02, 2011

A team of four informatics and computing professors from Indiana University who established the Truthy website received a National Science Foundation (NSF) grant of $905,000 to broaden its analysis of the public data stream from social networks. The team gained national attention last year after they established the website, which identified political astroturfing on Twitter. The researchers eventually plan to create and maintain a web service that allows people to follow trends, bursts and suspicious memes based on the stream of information from large-scale social networks.

Posted Aug 02, 2011

Springer announced the purchase of the Asia Europe Journal from The Asia-Europe Foundation (ASEF), a long-time partner Springer. ASEF will no longer be associated with the journal, which will be relaunched with new editors-in-chief and refocused on its core topics. The journal will further promote discussion on the challenges and opportunities of a common future of Asia and Europe.

Posted Jul 28, 2011

As part of its shift in strategy following its acquisition of the Huffington Post, AOL is closing several of its main content sites in the UK, according to a report by paidContent. The internet company plans to shut down operations for its AOL Music and FanHouse operations in the UK, following similar closures and consolidations in its US operations.

Posted Jul 28, 2011

A study of 250 marketing decision makers in the U.K. conducted by EPiServer found that 68% of businesses have appointed or plan to appoint a social media or online community manager within the next year. The survey, titled "The rise of the community manager," found that 28% already employ a social media or community manager and another 41% expect to hire one in the next 12 months.

Posted Jul 26, 2011

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