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Media Companies Suffer After Bailout Fails
Stock prices of old and new media alike are sinking fast after the Bush Administration's bailout bill failed to pass Congress.... Continued »
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Media Roundup: Ad Age Mag Awards, L.A. Times Staff Cuts, and More
Online ad sales were good — According to the Interactive Advertising Bureau’s latest report, ad revenues in the first half of 2008 were up 15.2 percent over the same period in 2007. But most pundits say the drop off for late 2008 will be sharp. After all, history shows a strong link between the U.S. […]
...- Online Mags: The Huff, the Beast, Salon and Slate
- Media Roundup: Tina Brown Unleashes Daily Beast, DreamWorks and Paramount Split, and More
- Blog Network Gawker Cuts Staff; Google Optimizes Blog Search
- False Steve Jobs Report Shows Hazards of “Citizen Journalism”
- Media Roundup: Hollywood’s Bailout Cut, iTunes Saved, WSJ’s New Editors, and More
- More Media Insights
Media Articles
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VeriSign Exits Mobile; Sells Remaining Stake In JV To News Corp For $200 Million
VeriSign's (NSDQ: VRSN) effort to capitalize on mobile through its acquisition of Jamba is officially over. VeriSign tried to keep skin in the game through a JV with News Corp (NYSE: NWS). selling 51 percent in May 2007 for $187.5 million and a merger with Fox Mobile Entertainment....
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VeriSign Exits Mobile; Sells Remaining Stake In JV To News Corp For $200 Million
VeriSign's (NSDQ: VRSN) effort to capitalize on mobile through its acquisition of Jamba is officially over. VeriSign tried to keep skin in the game through a JV with News Corp (NYSE: NWS). selling 51 percent in May 2007 for $187.5 million and a merger with Fox Mobile Entertainment....
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News Corp pays USD200m for VeriSign's Jamba stake
News Corp is fully acquiring Jamba, paying USD200m for VeriSign's remaining 49% stake in the mobile entertainment firm. News Corp and VeriSign previously ran Jamba as a joint venture after News Corp bought 51% of the VeriSign subsidiary in 2007. ...
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Netvibes partners with Russian's Rambler Media
Widget startup Netvibes has signed a multi-year partnership deal with Russian web portal Rambler.ru which will use Netvibes' technology to allow users to customise their homepage. Through the deal, Rambler will have the exclusive Russian rights to install, host and...
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RTL seeks clearance to bid for ITV - Rumour
Luxembourg-based media conglomerate RTL is set to make an offer for UK-based ITV after first obtaining permission from Bertelsmann its parent company, according to several media outlets. The company is flush with cash having sold its 50% stake in its Sony BMG joint venture to Sony for more than...
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Getty launches new music licensing service
Getty Images has launched an online music service that lets film-makers, ad firms and other producers license tracks from major and independent labels, reports Billboard. The service, called Premium Playlist, launches this week with 1,000 tracks from label partners which...
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Yahoo! and AOL to merge by month's end - Rumour
Yahoo! and AOL are discussing a merger and could finalise a deal as soon as the end of the month, reports TechCrunch quoting unnamed sources. The deal will reportedly see Yahoo! acquire AOL's content, services and advertising businesses - but...
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UK Poised to Unveil Bank Rescue Plan: Report
LONDON (Reuters) - Britain's government is poised to announce a "comprehensive" rescue package for the banking system, the BBC reported on Tuesday, including the possibility of injecting capital into banks."It will be big, it is the government's attempt to stabilize the banking system," BBC economics correspondent Robert Peston reported. "The...
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Report Questions Impartiality of SEC: NY Times
WASHINGTON (Reuters) - A federal inquiry has concluded that the Securities and Exchange Commission should consider disciplining its director of enforcement and two supervisors for their role in handling an insider trading investigation, The New York Times said, citing an obtained report.The insider trading investigation led to the firing of...
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Newspaper Roundup: LAT; NYT; East Valley Tribune
-- LAT slashes 75 editorial jobs: Editors at the Tribune Company paper met over the weekend to draw up lists of those whose jobs would be cut. At least 75 jobs will be lost, either through voluntary exits or layoffs. Back in Feb, LAT was forced to eliminate 100-150...
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In A Switch, Hulu Will Stream Remaining Presidential Debates Live; Premiere A Film
*News Corp*-*NBCU* JV Hulu is going live for the first time since its launch last year. The site will stream the remaining presidential debates, which air respectively on NBC Tuesday night and on Fox News Oct. 15. (Sense a pattern here?) The debates also will be available in Hulu's...
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TV Guide Network Being Sold Separately From Mag; Book Finally Out
Macrovision (NSDQ: MVSN) has finally put the book out for the formal sale of TV Guide Network, according to Variety. The channel includes its flagship TV scrolling IPG, distributed in about 80 million homes in U.S., and the much-smaller TVG Horse Race Network, and the story says could fetch...
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Industry Moves: Newsweek; LIN TV; MySpace; Spotzer
-- Newsweek: The *Washington Post Co*. mag has named Pamela Raley, a former online ad sales exec at Hearst, *Disney* and Revolution Health, to the new post of chief revenue officer. Raley will be responsible for overseeing all ad revenue and the magazine's ad sales teams, but her main...
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Media Roundup: Tina Brown Unleashes Daily Beast, DreamWorks and Paramount Split, and More
Tina Brown and Barry Diller launch The Daily Beast -- The latest release from two media moguls isn't a content provider but a news aggregator. [Source: PaidContent] DreamWorks and Paramount split but share custody -- The two studios will work jointly on as many as 40 projects...
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NYT: So Far, The Vaccine Against Bancroft-itis Is Working With The Sulzberger Fifth Gen
New York magazine's anticipated profile of Arthur Sulzberger and the New York Times Company (NYSE: NYT) is out sans bombshells. The bottom line from the lengthy piece by Joe Hagen: no one in the family, including Arthur, is thrilled with the way Arthur is running the company, "no one...
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Magazines' Digital Revenues Offset Last Year's Print Declines For Some
As magazine ad pages continued to slip this year and last, digital's growth appeared to help offset the print losses at several publishers, particularly Time Inc. and IDG, AdAge reports. The 48 mags that shared information for AdAge's annual Magazine 300 survey said that revenues from digital ranged from...
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Google and Yahoo Delay Search Ad Partnership
By Diane BartzWASHINGTON (Reuters UK) - Google GOOG and Yahoo YHOO have decided to delay implementing a controversial search advertising partnership, Yahoo said on Friday."The companies have agreed to a brief delay in implementing this agreement to continue our ongoing discussions with the (U.S.) Department of Justice," Yahoo said in...
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Interview: Ben Wolin, CEO, Waterfront Media: 'A Two-Horse Race'
Late last night, Waterfront Media and Revolution Health put the finishing touches on a merger that, when the dust settles, will produce a #2 health network with more than 20 million uniques. While a lot of the focus is on Steve Case's dramatic switch from building his own massive...
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Magazine Publishers Settle With Napster-For-Magazines Mygazines
Back in May, a site called Mygazines was launched, offering a peer-to-peer model for readers to share their magazine subs with each other. The basic idea: subscribers could upload digitized versions of their magazines for others to peruse. No shock: The magazine publishers were in no mood to see...
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Nielsen Explores Companywide Editorial Reorg; Layoffs Coming
B2B publisher Nielsen Business Media is putting together a new content strategy for its 40 magazine properties, Folio reports. Nielsen, which publishes such titles as Adweek, Mediaweek, The Hollywood Reporter, Editor & Publisher and Billboard, told Folio that the strategy could involve the creation of a "content center across...
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BNET Media provides daily industry news coverage and insights for managers and executives in publishing, print, broadcast, film, and online media. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.