Digital Publishers Come Together as Group Nine Media, Backed by $100 Million From Discovery

The digital media industry is facing an extremely competitive revenue landscape. In times like this, it's sometimes better to link arms with other, similar, companies, backed by an even bigger, more profitable company.Discovery Communications on Thursday announced a $100 million minority investment in a new entity that will merge three digital media companies -- Thrillist Media Group, NowThis Media, and The Dodo -- with two companies, Seeker and SourceFed Studios, that are already owned by Discovery.The digital media companies will maintain independent editorial operations, which seems to make the deal announced today more of a partnership than an outright merger or acquisition. But the new entity, Group Nine Media, will enjoy a larger consumer reach than any of its individual components, a fact that executives hope will attract advertisers. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-10-13 00:00:00 UTC ]
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Twenty-two independent bookshops have signed up to stock Kobo’s e-reader range, with... Continue reading at The Bookseller

[ The Bookseller | 2012-11-19 00:00:00 UTC ]
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Penguin buys back Puffin Book Club

Penguin has bought the Puffin Book Club back from The Book People. The club was originally... Continue reading at The Bookseller

[ The Bookseller | 2012-11-19 00:00:00 UTC ]
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Comics, Prose, And Digital at Arch Enemy

As publishing conglomerates and technology firms become the dominant forces in an increasingly digital marketplace for the book and comics industries, opportunities are opening for smaller, more nimble independent media companies like Arch Enemy Entertainment. Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-11-17 00:00:00 UTC ]
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Booksellers back Hodge on Amazon tax avoidance

Tim Godfray, chief executive of the Booksellers Association, has backed the stance taken by House... Continue reading at The Bookseller

[ The Bookseller | 2012-11-16 00:00:00 UTC ]
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American City Business Journals Acquires Streetwise Media

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[ Editor & Publisher | 2012-11-16 00:00:00 UTC ]
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Oliver back on top of the charts

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[ The Bookseller | 2012-11-15 00:00:00 UTC ]
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A One-Stop, Web-Based Shop For Comic Book Publishing

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[ Fast Company | 2012-11-14 00:00:00 UTC ]
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Group sales down at WHS

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[ The Bookseller | 2012-11-14 00:00:00 UTC ]
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Competition or Cooperation? News Publishers Turn to Their Neighbors

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[ Editor & Publisher | 2012-11-13 00:00:00 UTC ]
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Scholastic To Donate One Million Books for Superstorm Recovery

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[ Publishing Perspectives | 2012-11-13 00:00:00 UTC ]
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In Corporate Publishing, Are E-books PDF 2.0?

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[ Publishing Perspectives | 2012-11-13 00:00:00 UTC ]
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A True Princess of the Publishing Industry

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[ Publishing Perspectives | 2012-11-12 00:00:00 UTC ]
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[ Publishing Perspectives | 2012-11-09 00:00:00 UTC ]
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Federated Media Shutters Its Direct Sales Business

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[ AdWeek | 2012-11-09 00:00:00 UTC ]
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[ The Bookseller | 2012-11-09 00:00:00 UTC ]
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[ Los Angeles Times | 2012-11-08 00:00:00 UTC ]
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[ Publishing Perspectives | 2012-11-08 00:00:00 UTC ]
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VHS and Vinyl: Why People Love Retro Media

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[ The Atlantic | 2012-11-07 00:00:00 UTC ]
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[ The Bookseller | 2012-11-07 00:00:00 UTC ]
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[ Publishing Perspectives | 2012-11-06 00:00:00 UTC ]
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