Media Business News and Trends

Yahoo announced the purchase of Associated Content, a website that commissions freelance writers and video producers to create a variety of content on different topics. The site was founded in 2005 to serve as an open content economy and database. The site has more than 350,000 contributors.

Posted May 20, 2010

While certain segments of the economy are rebounding, the content industry has continued to struggle to get back on its feet. With that in mind, many of the top executives from companies across the content spectrum gathered on April 18-20 at the 11th annual Buying & Selling eContent conference in Arizona to discuss Reigniting the Content Economy.

Posted May 19, 2010

Geo-social aggregator The Hotlist closed $800,000 in angel financing led by Centurion Holdings. The funding money will go toward supporting The Hotlist's platform development and formation of an expanded service suite.

Posted May 18, 2010

KIT digital, Inc. executed a definitive agreement to acquire Sinigapore-based Benchmark Broadcast Systems Pte. Ltd. The deal gives KIT digital all of Benchmark's shares in exchange for a total of $4.5 million in cash and $5.0 million in KIT digital common stock given directly to the company, as well as approximately $1.1 million paid to employees over two years.

Posted May 18, 2010

Online studying social network Grockit completed a $7 million round of funding led by Atlas Venture. Existing investors Benchmark Capital and Integral Capital Partners also participated.

Posted May 18, 2010

Yippy, Inc., announced the completed acquisition of Clusty.com, a metasearch engine developed by Vivisimo. Yippy, formerly known as Cinnabar Ventures, Inc., is a Fort Myers, Fla.-based company that develops technologies and application services environments for both consumer and commercial market segments in the cloud computing sector.

Posted May 18, 2010

Huddle announced that it closed a $10.2 million Series B round of funding led by Matrix Partners, with existing investors Eden Ventures and Huddle chairman Charles McGregor also on the list of participants. Huddle is a cloud computing and collaboration company that counts Procter & Gamble, Disney, and HTC among its customers.

Posted May 18, 2010

Publicis Groupe has announced the purchase of 7,500,000 shares of its own stock from Dentsu Inc., in order to cancel the block of shares. The acquisition was carried out for a total of EUR 217,500,000, at EUR 29 per share. The purchase was financed with available cash.

Posted May 13, 2010

Agora Technology, a Houston-based business group, announced the purchase of two webistes, TweepML and Qwitter, that provide external services on Twitter that are not available on the microblogging site's main page. TweepML is an extensible, open standard format that allows users to manage, share, and follow groups of Twitter users.

Posted May 11, 2010

Cenveo, Inc. entered an agreement to acquire Glyph International from Infomedia 18 Limited. Glyph, which operates in New Delhi and Bangalore, India, as well as in London and Fort Lauderdale, Fla., specializes in full suite content production, from project management through editorial, composition, artwork, and XML creation.

Posted May 11, 2010

A lawsuit from Finnish mobile phone giant Nokia alleges that Apple infringed on five of its patents in the production of the iPhone and iPad. This suit follows an October lawsuit in which Nokia accused Apple of infringing on 10 of its patents.

Posted May 11, 2010

Multisource video news service Newsy raised $2 million in its second round of funding. Newsy culls news video from different sources and analyzes it to highlight differences in reportage.

Posted May 06, 2010

Social commerce company LivingSocial announced that it has completed a $14 million Series C round of venture funding led by Lightspeed Venture Partners, with additional participation from U.S. Venture Partners, Grotech Ventures, and Steve Case's Revolution, LLC. LivingSocial will use the capital infusion to expand into additional markets.

Posted May 04, 2010

BumpTop, a startup that created software that enhances the desktops of both PCs and Macs, announced that it has been acquired by Google and will no longer be selling its application. The application will be freely available for download for one more week, while end-of-life support is being provided for paying customers.

Posted May 04, 2010

Attensity Group, a developer of business user applications that generate value from unstructured data, announced the execution of a definitive agreement to acquire Biz360 Inc., a provider of social media monitoring and market intelligence solutions. The company hopes that the acquisition will significantly enhance its ability to track and benefit from online conversations.

Posted Apr 29, 2010

KIT digital, Inc., a provider of on-demand software solutions for managing video assets, closed a sale of 4,230,770 shares of common stock at $13.00 per share. The sale resulted in gross proceeds to the company of $55 million, with net proceeds of $50.3 million after underwriting discounts, commissions, legal fees, and other expenses.

Posted Apr 29, 2010

According to the American Customer Satisfaction Index (ACSI) E-Government Satisfaction Index, Americans are satisfied with their online government experience. The index registers a 75.1 on a 100-point scale in the first quarter of 2010, 1.5 points higher than in the first quarter of 2009 and just shy of the highest level of citizen satisfaction with online government (75.2), set in the third quarter of 2009.

Posted Apr 27, 2010

TransPerfect and Astoria Software announced that they have completed a merger. TransPerfect specializes in translation services and technology, while Astoria deals in SaaS on-demand Component Content Management (CCM) software.

Posted Apr 27, 2010

Enterprise cloud computing company salesforce.com entered into a definitive agreement to acquire Jigsaw, a cloud data services company. The combination of Jigsaw and salesforce.com will allow companies to find, purchase, and manage data that is integrated with their CRM apps.

Posted Apr 27, 2010

Communications group Wikio announced the acquisition of Neotia, a buzz monitoring and decision analysis firm catering to the needs of marketing agencies. Wikio announced that the acquisition put them in a position to analyze brand influence and company reputation through blogs, forums, social networks, and other services.

Posted Apr 22, 2010

Oracle announced that it has agreed to acquire Phase Forward, a provider of clinical and drug safety solutions. Oracle hopes to use the acquisition to bolster its Health Sciences Suite with tools that will enable researchers and others to more effectively and securely capture and share data.

Posted Apr 22, 2010

Spredfast, an Austin, Texas-based enterprise social media management system, netted $1.6 million in funding from Austin Ventures. Funds from the Series A round will go toward building the Spredfast brand and business development.

Posted Apr 20, 2010

PubMatic, a company that provides online publishers with technology and services to increase advertising revenue, closed a Series C funding round worth $7.5 million. All told, PubMatic has raised $18 million in total.

Posted Apr 20, 2010

BlueCielo ECM Solutions acquired a 70% stake in Kronodoc Oy, a Finnish company that creates document management software for the engineering and construction sector. With Korondoc's management taking over the remaining 30%, the previous owners, a collection of funds managed by Pohjola Captal Partners and Canelco Capital, ABB, Shawfield Overseas SA, and Novitra Investment Oy.

Posted Apr 15, 2010

John Wiley & Sons announced the launch of its Chinese language website. Wileychina.com will raise the publisher's profile in China through greater and more meaningful engagement with the community there. Designed to enhance Wiley's China-based customers' experience with tailored sections for librarians, authors, societies and industry partners, wileychina.com will feature general information about Wiley's presence in China as well as specific details about core content of particular interest to the Chinese community.

Posted Apr 13, 2010

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