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- eBook Distributor Smashwords Buys Online Self-Publisher BookHabit
- Smashwords, which was one of the first eBook distributors to be have its self-publishing platform included in the new Sony (NYSE: SNE) digital bookstore, has acquired author community site Bookhabit. Terms weren’t disclosed, but a source told paidContent the deal was done for just under $1 million.Both companies were...
- External links 2009-11-19
- AP Achieves 10 Percent Payroll Reduction With 90 Layoffs
- The Associated Press’ layoffs this week have satisfied the goal of reducing payroll costs by 10 percent, the wire service said in a statement. The final tally of the layoffs was 90 news department staffers, the AP said. About 71 jobs were represented by the Newspaper Guild, which has...
- External links 2009-11-19
- Adknowledge Shopping Spree Continued With SocialMedia Acquisition
- Online ad firm Adknowledge has bought SocialMedia, a company that runs ad platforms on apps and games, Techcrunch reported. SocialMedia will continue to operate its ad platform on social nets, although its participating publishers’ inventory will be transferred to Adknowledge. This is Adknowledge’s fourth acquisition within the past few...
- External links 2009-11-19
- After A Long Year, Spot Runner Launches Malibu Media Platform
- A year after web-based TV creative ad agency Spot Runner started its push into the ad buying side of the business, the company is finally launching the Malibu Media Platform. The sales platform addition is meant to complement Spot Runner’s customizable cable TV commercials, which are mostly aimed at...
- External links 2009-11-19
- AOL Looking To Reduce Global Workforce By One-Third
- As it prepares for its Dec. 9 spinoff from Time Warner (NYSE: TWX), AOL CEO Tim Armstrong may need to reduce one-third of the company’s workforce by one-third as it reorganizes itself, according to an SEC filing. The goal of the restructuring is to reduce ongoing annual operating...
- External links 2009-11-19
- Report: Nielsen Mag Sale Could Come Friday
- A sale of Nielsen’s b2b mag titles to James Finkelstein’s News Communications could come as soon as Friday, TheWrap continues to insist, even as the company signals it plans to keep the properties. While the Nielsen mags in question, including THR, Billboard, Adweek and others, have long been...
- External links 2009-11-19
- MTV Marketing Exec Balsam-Schwaber Departs For iVillage
- Catherine Balsam-Schwaber has left her post as a senior marketing exec at MTV Networks (NYSE: VIA) to take on a similar role at NBC Universal’s iVillage. This is the second high-profile departure at MTVN since Nada Stirratt exited as EVP for Digital Advertising last month to join MySpace as...
- External links 2009-11-19
- Several High-Profile BusinessWeek Staffers Won't Make The Move To Bloomberg
- As Bloomberg prepares to cut 100 jobs when it takes over BusinessWeek next month, some of the staffers being left behind are fairly high profile. The most recent names include senior reporter Stephen Baker, Technology & You columnist Steve Wildstrom, personal finance editor Lauren Young, engagement editor Shirley Brady...
- External links 2009-11-19
- Earnings: Investment Income Sends The Knot's Profits Down; Local Lifts Ad Revs
- The weddings industry tends to remain fairly strong in a recession. As such, weddings and related lifestyle media company The Knot didn't do too badly on the revenue side in Q2. However, The Knot's net income slipped to 26 percent to $1.7 million ($0.05 per share) in Q2 from...
- External links 2009-08-06
- Borrell: Some Newspapers Will See Modest Rebound In 2010
- The imminent demise of newspapers has been greatly exaggerated, says Peter Conti, an SVP at local media analyst Borrell Associates. Despite all the fears of bankruptcies, default and closure, Conti sees some cause for hope next year. After another decline in 2009, newspapers in 2010 will show a 2.4...
- External links 2009-08-06
- Microsoft Could Announce Razorfish Sale By September; Publicis, WPP Play Hard To Get
- It's been a few weeks since Microsoft (NSDQ: MSFT) execs met with representatives from various ad agencies to feel out interest in who would want to buy its interactive agency, Razorfish and still no obvious deal, just lots of talk with early September as a target. Take the conflicting...
- External links 2009-08-07
- Publicis' David Kenny On Razorfish Buy: Digital Revs Now 25 Percent Of Total Revenues
- By acquiring interactive agency Razorfish from Microsoft (NSDQ: MSFT), Publicis Groupe has now attained a goal outlined by CEO Maurice Levy shortly after the Paris-based ad holding company bought Digitas nearly three years ago: 25 percent of its revenues will now be digital. The $530 million deal also satisfies...
- External links 2009-08-10
- Interview: Razorfish CEO Bob Lord: Ready To Think About Buying?Not Being Bought
- Publicis Groupe's $530 million acquisition of Razorfish from Microsoft (NSDQ: MSFT) was anticipated for over a month, but the interactive shop's CEO Bob Lord tells paidContent it wasn't a done deal until about two weeks ago. The Paris-based ad holding company bested a higher bid from Japan's Dentsu as...
- External links 2009-08-10
- HuffPo Launches News Sharing Collaboration With Facebook
- Huffington Post has teamed up with Facebook to launch HuffPost Social News, the company announced. The news aggregator hopes to gain more readers—and more ad dollars—as users increasingly get their news from friends posts on Facebook. The two didn't say how the ad sharing part of the deal would...
- External links 2009-08-17
- MySpace in Advanced Talks To Buy Music Recommender iLike
- MySpace is in advanced talks to buy music service iLike for about $20 million, according to Techcrunch, which cites unidentified sources. We have confirmed the talks, and that the deal is separate from its MySpace music venture. Our source says the price is likely to be higher than $20...
- External links 2009-08-17
- Earnings: CBS Net Income Plunges 96 Percent
- CBS Corp. (NYSE: CBS) had a particularly painful Q2, even by the standards of other broadcasters. The company's profits plummeted 96.2 percent to $15.4 million ($.02 per diluted share) from $408.4 million ($.61 per diluted share). Not that Q208 was a great quarter; the difference is reflected in the...
- External links 2009-08-06
- Earnings: WMG Losses Widen; Digital Music Revs Up 5 Percent
- While Warner Music Group (NYSE: WMG) certainly has been trying to make headway as music listening becomes more digital, it couldn't fight the wider economy and the downward spiral of physical record sales. The company's loss widened to $37 million ($0.25 per share) from $9 million ($0.06 cents per...
- External links 2009-08-06
- Time Inc. Shutters Southern Accents Mag?More To Come?
- After 32 years,Time Inc. will close Southern Accents with the September/October 2009 issue, the company said. The mag's website, SouthernAccents.com, will remain alive, at least for now. The mag's ad pages declined 37.4 percent during the first half of the year, according to figures from the Publishers Information Bureau.Southern...
- External links 2009-08-06
- Yahoo Says Study Shows Online Video Viewing Is Heavy During The Daytime Too
- The conventional wisdom with online video is that viewing is generally light during the afternoons and then peaks in the evenings. But Yahoo (NSDQ: YHOO) says a new study that it commissioned shows that, in fact, daytime video streaming is right up there with nighttime in terms of number...
- External links 2009-08-06
- Earnings Call: Comcast's Roberts: Canoe Ventures Revenues Expected By 2010
- Comcast (NSDQ: CMCSA) executives continued to highlight the importance of their digital plans during the Q2 earnings call. Deals with Clearwire (NSDQ: CLWR) for the rollout of its 4G service were highlighted as well as its All Digital initiative. Brian Roberts also discussed the progress made on the cable...
- External links 2009-08-06
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