Media Business News and Trends

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

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

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