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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Authors on the Air May 28, 2014: Michael Waldman

Michael Waldman, author of "The Second Amendment: A Biography" (Simon & Schuster, 9781476747446), will appear on the "Diane Rehm Show" on Thursday, May 29. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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BEA 2014: Big Debuts and Breakouts Dominate Adult Buzz Panel

Kicking off this year’s BookExpo, the Adult Editors Buzz Panel featured a number of bold-face names, and a few titles which have already drawn attention for landing their authors major advances. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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BEA 2014: Ingram, Edelweiss Combine for POD Catalogues

Ingram Content Group is partnering with Edelweiss, the parent company of Above the Treeline, to create print-on-demand catalogues for publishers. ATT CEO John Rubin sees three markets for the POD service: publishers who have moved mainly to digital catalogues, but have accounts that would... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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BEA 2014: Books, Technology, and the Culture of Distraction

Authors Nicholas Carr and Hugh Howey, among others, debated the impact of technology on publishing and culture at BookExpo America 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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BEA 2014: Can Anyone Compete with Amazon?

With Amazon's Tuesday evening blog post that it doesn't expect its dispute with the Hachette Book Group to end any time soon, the standoff between the company and one of its vendors is once again showing just how much leverage the online giant enjoys in the book marketplace. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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BEA 2014: James Patterson Gives $268,000 to 43 Booksellers

The grants are part of a million-dollar giveaway by James Patterson to independent booksellers who promote children’s books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-28 00:00:00 UTC ]
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Job Moves: May 27, 2014

Shana Drehs has been promoted to editorial director Sourcebooks Landmark and Gift. She was previously editorial manager for both divisions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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Indigo Has Big Fiscal 2014 Loss

Indigo Books & Music reported a net loss of C$31 million in the year compared to net earnings of C$4.3 million in fiscal 2013. Sales slipped 1.3%, to C$868 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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Short Takes: Religion Publishing News Briefs, May 28, 2014

Image celebrates 60 years; Gary Chapman endows chair at Moody; Cambridge Bibles back to Cambridge; awards and honors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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Reviews of New and Forthcoming Religion and Spirituality Books, May 28, 2014

New books look at the religiously unaffiliated--the "nones"--and what it means to be born anew. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-26 00:00:00 UTC ]
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PW Picks: Books of the Week, May 26, 2014

This week, a millionaire map thief, the history of money, and Knausgaard's latest. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Startups Revealed for 2014 BookExpo Challenge

18 startups will compete in the BookExpo Startup Challenge for cash prizes and the opportunity to pitch to venture capitalists. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Authors on the Air May 23, 2014: Nicholas Belardes and Susan Spano

Nicholas Belardes, author of "A People’s History of the Peculiar A Freak Show of Facts, Random Obsessions & Astounding Truths: A Treasure Trove of Freaky Facts and Strange Stories" (Viva Editions, 9781936740833), will appear on "Coast to Coast AM" on Friday, May 23. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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News Briefs: Week of May 26, 2014

Amazon ramps up war against Hachette and more in this week's publishing news briefs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Diamond: Graphic Novels Up, Comics Periodicals Down in 2014

While the first few months of 2014 were tough for comics specialty retailers, graphic novel and merchandise sales remained solid. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Job Moves: May 23, 2014

Andy Sareyan and Kimberly Till have been named to the board of directors at Taunton, Inc. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-23 00:00:00 UTC ]
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Authors on the Air May 22, 2014: Sue Conley and Peggy Smith

Sue Conley and Peggy Smith, authors of "Cowgirl Creamery Cooks" (Chronicle Books, 9781452111636) will appear on NPR’s "Morning Edition" on Friday, May 23. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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iBooks Category Bestsellers, May 18, 2014

The bestselling iBooks in mystery, romance, sci-fi, biography, fiction, children & teens, and more for the week ended May 18, 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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This Week in Children's Apps: May 22, 2014

This week in children's apps, we feature apps with familiar characters who go on two different kinds of explorations—one of the alphabet, and the other of the ocean's waters. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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Job Moves: May 22, 2014

At Worthy Publishing, Morgan Canclini has been promoted to director of public relations and author relations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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