Forbes Media pairs tech, tastes for wine club

Forbes Media is joining the wine club.In the now venerable tradition of publishers extending their brand into non-publishing businesses, Forbes has joined The Wall Street Journal, The New York Times, Rolling Stone and Food & Wine in starting its own wine club.But the family-controlled media company says it's taking a different approach from everyone else. Forbes has partnered with wine e-commerce startup Lot18, whose Tasting Room technology creates a personalized wine "print" that tailors selections to each customer.After members do an initial tasting with a sampler kit and fill out an online survey, they're shipped wine that reflects their tastes in the way Netflix recommends movies to its subscribers based on what they like. Their wine profile continues to be updated as they grade what they drink, explained Lot18 Chief Executive Jay Sung."We met with four or five different wine clubs," said Chief Operating Officer Mike Federle, who joined Forbes in 2011 with a mandate to create brand extensions. "The technology was the differentiator."The Forbes Wine Club and its website will launch on Thursday.Forbes Wine Club members will pay around $10 for the tasting kit, $85 for their first case of a dozen bottles and about $150 for each quarterly delivery thereafter. Forbes and Lot18 will share profits.Mr. Federle believes the club will become a serious business worth "many millions" for Forbes, whose website drew 46 million unique visitors in June, according to... Continue reading at 'Crains New York'

[ Crains New York | 2013-07-17 00:00:00 UTC ]
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Second Facebook Book Club choice looks at violence

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[ The Bookseller | 2015-01-20 00:00:00 UTC ]
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Ad fraud: The oldest trick in the media book

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[ Digiday | 2015-01-16 00:00:00 UTC ]
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Macmillan Science and Education to merge with Springer Science+Business Media

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[ The Bookseller | 2015-01-16 00:00:00 UTC ]
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[ Folio Magazine | 2015-01-16 00:00:00 UTC ]
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Quartz's Digital Media Strategy Begins to Crystallize

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[ Advertising Age | 2015-01-13 00:00:00 UTC ]
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Carol Evans Leaves Working Mother Media

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[ Folio Magazine | 2015-01-13 00:00:00 UTC ]
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Take The Fast Company News Quiz: Amazon's Reshuffle, Zuck's Book Club, And More

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[ Fast Company | 2015-01-10 00:00:00 UTC ]
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Zuckerberg's book club pick: 'The End of Power' deals with 'microplayers,' like Hezbollah, hedge funds, and startups

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[ The Christian Science Monitor | 2015-01-09 00:00:00 UTC ]
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Facebook founder’s book club choice sends sales rocketing

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[ The Guardian | 2015-01-08 00:00:00 UTC ]
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Zuckerberg sets up Facebook book club

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[ The Bookseller | 2015-01-06 00:00:00 UTC ]
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[ Publishers Weekly | 2015-01-06 00:00:00 UTC ]
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[ Digiday | 2015-01-06 00:00:00 UTC ]
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[ Publishers Weekly | 2015-01-05 00:00:00 UTC ]
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[ Wired | 2015-01-05 00:00:00 UTC ]
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Facebook founder launches book club

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[ BBC News | 2015-01-05 00:00:00 UTC ]
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[ The Guardian | 2014-12-16 00:00:00 UTC ]
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