It’s official: Scripps Networks Interactive has won the Travel Channel auction. In a deal that values the channel at $975 million, Scripps will acquire a majority interest in the property while current owner Cox retains a 35 percent stake. News Corp., among others, had been bidding for the channel.
Rupert Murdoch and company aren’t exactly celebrating, but they did provide a better earnings number than Wall Street expected. They can thank Fox News, and yet another “Ice Age” movie. Not helping the cause: The company’s broadcast TV and newspaper properties. Not very relevant: MySpace, et al.
Everyone loves to complain about email. Except for the growing batch of entrepreneurs using it to launch newsletter businesses. Latest example: Netted, a Web-centric recommendation guide from the guys who bring you the Webby Awards.
Puzzled by the weird story of the “Alex,” the would-be e-reader that looks something like the “Nook,” the e-reader Barnes & Noble introduced last month? Then this won’t clear anything up: Spring Design’s court case against the bookseller, which it says broke an “implicit promise” and stole its idea for a two-screen device.
Wouldn’t you like to bump elbows with media moguls and hear from the likes of Eric Schmidt, Biz Stone and James Murdoch? Me too! Alas, Quadrangle’s Foursquare conference is closed to the public and the press. But at least I can tell you whom you won’t be hearing from.
Would you pay $30 a month to watch TV via iTunes?
That’s the pitch Apple has been making to TV networks in recent weeks. The company is trying to round up support for a monthly subscription service that would deliver TV programs via its multimedia software, multiple sources tell me. The industry finds this idea both tempting and terrifying.
All the news we can’t tell you about? Most publishers can’t even get Apple to acknowledge that it’s working on a tablet, but maybe the newspaper of record has more pull. In any event, its top editor is staying mostly mum.
Here’s a good way to get your hands on scarce venture capital money: Create a start-up geared around Twitter-like “real-time” sharing and conversations. The newest entrant: Hot Potato, a buzzy start-up that’s supposed to let users converse about a particular event, whether they’re attending it in person or watching from afar. When it’s up and running, that is. The five-man crew doesn’t have users or a product just yet. But it has just raised around $1 million.
Is Hulu putting up a pay wall around its Web TV site? Nope.
Does Hulu want to charge people to watch Web TV? Yes.
Confused? Don’t be.
Here’s the explanation about what’s going on at the premium online video site.
It’s easy to get the impression that everyone uses Twitter. And many people do! But new statistics indicate that four of five Web users are still Twitter-free. Worth keeping in mind as Google and Microsoft start plugging tweets into search results.
Not sure what Barnes & Noble has to say about the “Nook” that it didn’t discuss yesterday, when it unveiled its new e-reader. But the bookseller’s press conference this morning, scheduled for 9:30 EDT, gives us an opportunity to try a little crowd-sourcing experiment: Send me any questions you have and I’ll try to ask the company on your behalf.
Condé Nast is still in layoff mode, but that hasn’t stopped the publisher from putting together an app worth writing about. It’s part of a digital magazine strategy that actually makes some sense.
RealNetworks says more than 500,000 people have downloaded its all-you-can-eat music app. But it’s hard to tell what that number actually means.
It’s e-reader preview week, apparently. Last night, Plastic Logic formally named its would-be Kindle killer; tomorrow, Barnes & Noble is supposed to show off its own branded device. This morning’s entrant: Spring Design, which says it has produced a reader that boasts two screens and an operating system that runs on Google’s Android. What it doesn’t have: Big-pocketed partners to boast about.
Plastic Logic, which has been talking up its coming e-reader for some time now but hasn’t actually started selling it, has a little more to say: It will have more to say about its coming e-reader in a few months.
Oh, and its coming device has a name–the Que.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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