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.
Vevo, the music industry’s version of Hulu, now has its own version of Providence Equity, the outside investor that took a flyer on the Web TV and movie joint venture: Abu Dhabi Media Company has purchased a stake in the company from owners Universal Music and Sony. No financials released, though I’m told the deal values the JV at $300 million.
After a couple of miserable quarters, NBC Universal finally has some good news to announce: Boosted by a one-time gain, earnings actually increased in Q3, even though the entertainment conglomerate’s revenue kept dropping. Perhaps those numbers will cheer Comcast investors, who have been beating up the cable company ever since news of its talks to buy NBCU surfaced last month.
Google CEO Eric Schmidt couldn’t be any clearer: He’s been saying, over and over, that he thinks the recession is in his company’s rear-view mirror. And Wall Street has been listening: It has been steadily pushing up the search giant’s shares for months. Today we get to find out just how good Google’s growth story is.
Now that Twitter doesn’t have to worry about raising money ever again (right?), it can spend time tackling all sorts of projects, big and small. Here’s one of the small ones: The company has created a better way for users to flag spam accounts. The big stuff? Coming up.
What’s one of the biggest names in magazine publishing worth? These days, maybe $5 million.
That’s the high end of the range Bloomberg will be paying for BusinessWeek, reports BusinessWeek. Next question: How many of the magazine’s employees stay on once the deal closes later this year? BusinessWeek publisher Keith Fox can’t make any assurances. But he does call the deal “exciting.”
YouTube sneaked up on big media, then scared the hell out of them, then tried to do business with them, more or less unsuccessfully.
Now, three years after Google plunked down $1.6 billion for the video site, it seems to have figured out an approach that works for at least some big players: Hand over a chunk of the site to content creators, who get to control it, sell ads on it, program it with their stuff and share some of the ad dollars. Newest example, reportedly: Britain’s Channel 4.
The good news: Two of music’s biggest acts helped slow the industry’s sales slump last quarter. The bad news: It’s still slumping. And the Fab Four and MJ are probably out of tricks.
Google and Yahoo both expect mobile ads to provide big boosts. Time to rethink that notion, says Bernstein Research’s Jeffrey Lindsay, who says mobile will be a modest niche business for the big guys.
Warner Music and YouTube, co-owners of the one of the Web’s nastiest spats, are about to patch things up. How’d they do it? By cutting a deal that looks a lot like the one YouTube has already made with Universal Music Group.
Heavyweight media investor Gordy Crawford–who happens to own a big chunk of Time Warner–says the conglomerate plans to dump its magazine business. But I get the sense that Jeff Bewkes and company plan on keeping at least some of the unit’s iconic titles.
Good news (potentially) for T. Rowe Price and the other investors plowing $100 million into the revenue-free start-up: The service’s users absolutely love clicking on ads, says a new study.
The newspaper bailout proposal you may have heard about over the last few months? The newspapers want no part of it, says an industry spokesman.
That said, the industry wouldn’t turn down some help from Congress, says John Sturm, CEO of the Newspaper Association of America. He is testifying before a joint committee this morning.
Vevo, the music industry’s attempt to create a Hulu-like hub for its videos, is going to attract a lot of eyeballs when it launches later this year. Here’s the guy who’s supposed to attract advertisers: David Kohl, a former Nokia executive who starts work today as the site’s sales boss.
More from the post-Q&A Q&A: Yahoo CEO Carol Bartz says major investors like Gordon Crawford support her, and that she’s in the market for medium-sized M&A. Here’s what she had to say.
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. Read more »
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