BuzzFeed to forecast 2014 revenue of up to $120M

BuzzFeed Inc., the online publisher of news, lists and quizzes that are designed to be shared on social media, is forecasting revenue of as much as $120 million in 2014, said two people with knowledge of its financials.The sales level will depend on how many advertising deals are booked next year, said one of the people, who asked not to be identified because the numbers are private. BuzzFeed has projected about $60 million in sales for 2013, according to another person familiar with the matter, indicating that revenue may double next year.BuzzFeed, based in New York, is completing work on its 2014 budget and will soon present the numbers to the board, one of the people said. This year's revenue projection was raised from $40 million in the middle of 2013 because the company was growing faster than expected, according to the person.BuzzFeed, started in 2006 by Huffington Post co-founder Jonah Peretti, relies on Facebook and other social networks to spread its articles and videos, which can range from weighty political coverage to photo lists such as "The 29 Most Important Twerking Moments Of 2013." It attracted more than 130 million unique visitors in November, its biggest traffic month ever, the company said yesterday in a statement.Unlike traditional news sites, BuzzFeed doesn't rely on banner ads. Instead, it creates sponsored versions of its articles for advertisers, such as a list of animated images that promotes Google+ Photos or a feature on winter attractions in... Continue reading at 'Crains New York'

[ Crains New York | 2013-12-04 00:00:00 UTC ]
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BEA 2014: Subscription Model Takes Center Stage at Making Information Pay

"Subscription has arrived in a really big way for media," noted Len Vlahos, BISG executive director, in his opening remarks to the 2014 Making Information Pay conference at BEA. And for those who question whether the subscription model is coming to the publishing business, Ted Hill, president of... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Browsing the Children’s Booths, Chapter 2

For those navigating the booths of children’s publishers today, here’s a preview of new books on display, author signings, and giveaways to pick up. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Acclaim to Pannell Winners

At today’s Children’s Book and Author Breakfast, two booksellers will be on hand to accept this year’s WNBA Pannell Award, given annually since 1983 by the Woman’s National Book Association to two bookstores—one general and one children’s specialty store—that enhance their communities by... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Specializing in Security Studies

Georgetown University Press celebrates its 50th anniversary this year by offering visitors to its booth (1544) two books that reflect the press’s emphasis on what it calls security studies—books on diplomacy, spies, international affairs, intelligence, history, and related topics. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Magic in the Air at Middle-Grade Buzz Panel

There definitely were common elements to the five novels presented during the middle-grade editors buzz panel Friday morning that was moderated by Holly Weinkauf, the owner of Red Balloon Books in St. Paul, Minn.: all five mixed up fairy tale themes with real-life issues to produce excellent... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Big Children's Books at BEA

For readers of all ages and interests, there were no shortages of titles to grab, snag, and talk about. YA continues to generate long lines and lots of attention. At Simon & Schuster, one of the big teen titles was Scott Westerfeld's Afterworlds—and not just because BEA factors into the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Good News, Bad News at Town Hall

What American Booksellers Association CEO Oren Teicher called Amazon's "bullying assault of a major publisher" was a key concern among indie booksellers at both Thursday afternoon's ABA Town Hall and Annual Meeting. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Ben Lerner: The Way We Live Now

A first novel with glowing endorsements from such literary lights as Jonathan Franzen, Paul Auster, Geoff Dyer, and John Ashbery—what more could a young writer want? Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Sarah Lotz: A Crash, and Three More

The chills in The Three (Little, Brown, May), Sarah Lotz’s debut novel written on her own and under her own name, begin with the scary description of a plane crash in Japan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: A Breakfast of Champions

Humor is very likely on the menu at today’s Children’s Book and Author Breakfast, which is highlighted by three lively veteran children’s book authors and one debut author whose specialty is comedy. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Walter Isaacson: Smart Thinkers

Ten years ago, after completing his critically acclaimed Ben Franklin biography, Walter Isaacson was struck by Franklin’s creation of the postal and publishing networks. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Loving Laughter

Even though Best to Laugh (Univ. of Minnesota Press, Sept.) is set in Los Angeles rather than in smalltown Minnesota, like Lorna Landvik’s eight other novels, she says it’s her most autobiographical work yet. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Woodland’s New Location

Woodland Media, which provides logistics and supply chain products for publishers, announced that it will open a new office in Hong Kong. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Big Books of the Show: Coming Right Up

Thursday's relative quiet was followed by a much busier Friday, with aisles buzzing, lines snaking too far to find the end. Fairgoers stood patiently, waiting to meet the author and get that coveted signature on the title page of the giveaway galley. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Big Helpings of Imagination at Children's Breakfast

The power of the imagination was the theme of the Children's Book and Author Breakfast Friday morning, beginning with the awarding of the WNBA Pannell Awards to this year's winners: Devaney Doak & Garrett Booksellers in Framingham, Maine, in the general bookstore category, and 4 Kids Books... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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BEA 2014: Authors Will Want to Be ‘Binked’

The terminology is fresh because the concept is fresh: “curated, additional content” on an ebook. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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BEA 2014: Coming from a Place of Passion: Jeff Hobbs

Jeff Hobbs went to Yale. So did Robert Peace. Jeff Hobbs went on to write a novel, The Tourists, that became a national bestseller. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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BEA 2014: Her Ideal Reader: PW Talks With Liane Moriarty

Liane Moriarty is the Australian author of five internationally bestselling novels, including The Husband’s Secret. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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BEA 2014: The Real MLK: Tavis Smiley

In Tavis Smiley’s personal assessment, Dr. Martin Luther King Jr. is the greatest American this country has ever produced. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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BEA 2014: Bricks-and-Mortar Rebounding

Wednesday’s BookExpo panel on the future of bricks-and-mortar retailing couldn’t have been scheduled at a more auspicious time for indies: the day after the American Booksellers Association announced a resurgence in the number of independent bookstores. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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