Media Business News and Trends

Ebyline announced that it has raised $1.5 million through a Series A investment from The E.W. Scripps Company. Based in Los Angeles, Ebyline publicly launched in September 2010 as a content marketplace for news publishers and professional freelance journalists. The E. W. Scripps Company is a diverse media concern with interests in newspaper publishing, broadcast television, and syndication.

Posted Nov 11, 2010

Open Text announced plans to embed Oracle technology in its enterprise content products, expanding its relationship with the business software and hardware systems company. Specifically, Open Text is obtaining a technology and distribution license for the Oracle Universal Online Archive Content Management SDK, which will allow Open Text to fully make use of the capabilities of Oracle Database 11g as an enterprise content repository.

Posted Nov 09, 2010

VBrick Systems announced that NASA will be adopting its IP video streaming technology. The space agency will use VBrick's platform to broadcast video taken aboard the International Space Station to its entire network, and to the global community of space enthusiasts who follow the agency's pursuits via NASA.gov.

Posted Nov 04, 2010

Scholastic Corp. announced its plans to buy back approximately 5.2 million shares (an increase over the 5 million it originally announced last month) of its stock for $156.9 million, or $30 per share. This price was reached based on the amount of stock proffered as well as the prices specified by shareholders.

Posted Nov 02, 2010

Deep Web Technologies entered into a partnership with TechKnowledge, through which Deep Web's core federated search engine will be integrated with TechKnowledge's eLibrary Portal management products. TechKnowledge, based in Dubai, specializes in designing electronic content software for corporate libraries, hospitals, and government agencies.

Posted Nov 02, 2010

Open Text Corp. acquired StreamServe, Inc., which Open Text reports will supply the Open Text ECM Suite with complementary document output and customer communication management software. In addition, Open Text's reach will be extended in the Nordic market while also enhancing its SAP partnership.

Posted Nov 02, 2010

Thomson Reuters has announced its acquisition of Highline Financial, a financial information and analytics provider focused on the US banking sector. The acquisition is intended to support Thomson Reuters plan to expand its offerings to include differentiated financial content and analytics for the banking and capital markets sector.

Posted Nov 02, 2010

An international coalition, led by MovieLabs, CableLabs, Comcast, and Rovi Corporation, is launching the Entertainment Identifier Registry (EIDR), a non-profit global independent registry that provides a uniform approach to cataloging movies, television shows, and other commercial audio/video assets with unique IDs. The group is also supported by Deluxe, Universal Pictures, Neustar, Paramount Pictures, Sonic Solutions, Sony Pictures Entertainment, and a host of other major entertainment companies.

Posted Oct 28, 2010

SpringCM released SpringCM 2010, the latest version of their flagship, cloud-based enterprise content management platform. The company reports that SpringCM 2010 features improvements that allow customers to more easily perform multiple deployments of applications such as case management, contract management, resume management, and invoice automation.

Posted Oct 26, 2010

Investment Technology (ITG) acquired Majestic Research Corp., an independent provider of data-driven equity research which will now be known, post-acquisition, as ITG Investment Research. Majestic provides coverage of more than 200 companies and furnishes macroeconomics and bespoke research reports for about 200 clients throughout the U.S. and Europe.

Posted Oct 26, 2010

GigaOm, the media and tech blog network, raised $2.5 million in its fourth round of funding, according to an SEC filing, which brings the total capital raised by GigaOm to $8.33 million. The participants in the round included Alloy Ventures and True Ventures.

Posted Oct 26, 2010

Sario Marketing announced the completion of a multi-million euro growth financing round, carried out through funds advised by ViewPoint Capital Partners. Sario reports that the finances will be used to spur growth in existing markets and expand into new markets both within Europe and beyond.

Posted Oct 26, 2010

IBM acquired Clarity Systems, a developer of financial governance software. IBM reports that this acquisition will extend its business analytics initiatives and expand its portfolio of business analytics software.

Posted Oct 26, 2010

ADAM Software announced the opening of its first US-based office, which the company hopes will further increase its ability to compete in the global DAM market. Dagbert Sansen has been appointed to the position of US Sales Manager for ADAM Software and will helm the office. He previously worked as sales manager for the Americas & Africa for Meucci Solutions, Ghent.

Posted Oct 21, 2010

Social shopping site LivingSocial announced the acquisition of social adventure company Urban Escapes. Through the acquisition, LivingSocial will begin offering its 10 million subscribers a host of diverse urban adventures and experiences, produced by a team of on-the-ground experts.

Posted Oct 21, 2010

Sharethrough recently closed a Series A equity financing round at $5 million. The round was led by North Bridge Venture Partners and Floodgate.

Posted Oct 19, 2010

United Business Media Ltd. (UBM) acquired OBGYN.net and related properties and assets from Medispeciality.com, Inc. for a total of $0.8 million. This acquisition expands UBM's network of sites aimed at medical professionals and gives the organization access to an audience of online healthcare readers, which UBM reports are in-demand for advertisers.

Posted Oct 19, 2010

Overdrive announced that Insight Venture Partners has made a major investment in the company. The investment, subject to regulatory approval, will help Overdrive to expand its resources and capital.

Posted Oct 19, 2010

ChaCha recently closed a $20 million financing round led by new investors VantagePoint Venture Partners and Rho Ventures. Since its founding 5 years ago, ChaCha has also raised capital from numerous other technology organizations/individuals, venture capitalists, and angel investors, including Jeff Bezos, Rod Canion, and Jack Gill.

Posted Oct 19, 2010

Mendeley, a London-based technology startup that provides a research collaboration platform, opened an office in New York. Mendeley's desktop software automatically extracts relevant information from documents, allowing researchers to organize a personal digital library, as well as manage annotations and references effortlessly.

Posted Oct 15, 2010

IBM announced the acquisition of PSS Systems, a privately held company based in Mountain View, Calif. PSS Systems designs software that helps organizations analyze, automate, and implement information governance policies across large amounts of electronic business information and dispose of that information in an automated way.

Posted Oct 14, 2010

PubMatic announced the completion of its first multi-party real-time bidding (RTB) case study, which shows how RTB methods compare to other types of digital advertising across several advertiser categories. The study include four Demand Side Platforms (DSPs) that used PubMatic's Sell Side Platform: MediaMath, [x+1], Turn, and DataXu.

Posted Oct 12, 2010

The Publishers Information Bureau (PIB) announced that total PIB advertising pages and rate-card-reported revenue saw increases 3Q 2010. This marks an increase in magazines' PIB growth for the second consecutive quarter.

Posted Oct 12, 2010

IBM announced the closing of its acquisition of Unica Corporation, acquiring enterprise and cloud-based marketing software solutions that help businesses streamline marketing processes. According to the company, Unica has helped more than 1,500 organizations around the world analyze customer preferences and trends.

Posted Oct 07, 2010

Palo Alto-based Alphonso Labs, maker of the Pulse series of apps for iPhone and iPad, has raised $1M in seed funding from Redpoint Ventures, Greycroft Partners, Mayfield Fund and Lightspeed Venture Partners. Pulse is the fastest growing news reader for iPad and iPhone and got a bump over the Summer when Steve Jobs mentioned the product at the Worldwide developers conference.

Posted Oct 07, 2010

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