Microsoft Invests $300 Million in Upcoming Barnes & Noble Subsidiary

After announcing plans to possibly spin off its NOOK business in January, Barnes & Noble enters into a partnership with Microsoft. The tech company invested $300 million in the new subsidiary (currently under the working title NewCo), a post-money valuation of $1.7 billion, equating to a 17.6 percent equity stake. Barnes & Noble retains an 82.4 percent ownership of the new subsidiary. Continue reading at 'Folio Magazine'

[ Folio Magazine | 2012-05-01 00:00:00 UTC ]
News tagged with: #announcing plans #nook business

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Tribune Co. expects $325-million dividend from publishing spinoff

The dividend figure, which is not final, appears in a document related to Tribune's purchase in December of a group of TV stations. In spinning off its publishing business, Tribune Co. will pick up a dividend that could be about $325 million from the new public company, which would consist of... Continue reading at Los Angeles Times

[ Los Angeles Times | 2014-02-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #chicago tribune #publishing spinoff #tv stations #publishing business #public company #daily newspapers


Rakuten to buy Internet messaging app Viber for $900 million

Japan’s Rakuten will acquire instant messaging and calling app developer Viber Media for US$900 million, the e-commerce giant said Friday, highlighting its moves to penetrate new markets.Rakuten’s purchase of the messaging and VoIP company follows its acquisitions of Canada’s ebook platform... Continue reading at PC World

[ PC World | 2014-02-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #$900 million #e-commerce giant #company aims #digital space #user base


Microsoft working on Kindle-like Xbox reading app for Windows 8

Microsoft's getting ready to follow Amazon, Apple, and Google into the reading game with an app for Windows to peruse ebooks, magazines, and comics. The new app appears be part of Microsoft's cross-platform Xbox entertainment services, which currently include Xbox Music and Video. Microsoft... Continue reading at PC World

[ PC World | 2014-02-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #job listing


Bryan Hits Million Copies Sold

Amazon Publishing announced that Helen Bryan has become its second author, after Oliver Pötzsch ("The Hangman's Daughter"), to sell 1 million copies. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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Upcoming Comics Events: February 10, 2014

Ant Colony Book Signing in Baltimore, MD; Charles Soule in New York, NY; Prison Pit Book Five Release Party in Los Angeles, CA; .A. Zine Fest in Culver City, CA Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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Lemony Snicket Funds “Noble Librarians Faced With Adversity Prize”

At this year's annual meeting, the American Library Association (ALA) will confer the first annual Lemony Snicket Prize for Noble Librarians Faced with Adversity. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-02-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #annual meeting


O'Reilly Donating Millions to Tech Education

O'Reilly Media and Safari Books Online are donating over $100 million in "educational content and tools" to K-12 schools across the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #reilly media #$100 million #educational content #k-12 schools


Facebook, Google and Yahoo now say when the US government requests user content (update: Microsoft too)

Last week, the US government finally relented on letting technology companies publish more detail about national security requests; today, some bigger firms are taking advantage of the looser rules. Facebook, Google, LinkedIn and Yahoo have updated ... Continue reading at Engadget

[ Engadget | 2014-02-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #taking advantage


Saqi seeking new investment

Independent publisher Saqi Books is reviewing its English language publishing programme and... Continue reading at The Bookseller

[ The Bookseller | 2014-02-03 00:00:00 UTC ]
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Class Plaintiffs: Apple Should Pay $840 Million in Damages

If the plaintiff number is granted, it would put the total damages in this ebook conspiracy at over $1 billion. Five publishers have already paid $166 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-03 00:00:00 UTC ]
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Edward Snowden will be the subject of multiple upcoming books

Edward Snowden will be the focus of such upcoming titles as 'The Snowden Files' and a work about government surveillance. Will Snowden also be the subject of a movie? Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2014-01-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #edward snowden #upcoming titles #government surveillance


Independent website could net Lebedevs millions in standalone sale

Digital division housed in separate company from loss-making print business which owners have been looking to sellThe Lebedevs, owners of the Independent titles, are keeping the papers' website in a separate company in a move that could allow a lucrative future sale of digital assets potentially... Continue reading at The Guardian

[ The Guardian | 2014-01-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #web traffic


Oyster Raises $14 Million More

Oyster, the recently launched ebook subscription service, has raised $14 million in its latest funding round. The new funding was led by Highland Capital Partners and includes participation from the existing Founders Fund which was led by Peter Thiel. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-01-14 00:00:00 UTC ]
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Personalised digital magazine app Flipboard aims for 150 million users

Company plans enhanced discovery and search tools to explore the 5m magazines already createdPersonalised digital magazine app Flipboard is aiming to pass 150 million users in 2014, thanks to enhanced discovery and search tools that will allow users to better explore the 5m individual online... Continue reading at The Guardian

[ The Guardian | 2014-01-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad strategy


Wattpad Grew to 18 Million Users in 2013

Wattpad, the online writing and reading community, continued its long arch of membership growth and increased social connectivity, finishing 2013 with more than 18 million registered users according to data released by the company today. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-01-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #wattpad grew #online writing #reading community #data released #company today


With Interest From Asia, Mid-Core Game Developer nWay Raises $5 Million Series A

NWay, the two-year-old gaming startup behind the Facebook game Chrono Blade, has raised a $5 million Series A round. Co-founder and CEO Taehoon Kim said TransLink Capital, which led the round, is well connected in Asia and that the action RPG has generated interest from Asian publishers. The... Continue reading at AllThingsD

[ AllThingsD | 2013-12-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #asian publishers #company plans #year --


Riggio Sells 2 Million B&N Shares

Barnes & Noble chairman Len Riggio sold 2 million of his shares in the bookstore chain on Tuesday for $13.81 a share. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-12-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bookstore chain


Wiley Posts $15 Million in Restructuring Charges

As it continues its transition from a traditional publisher to a provider of knowledge and knowledge-enabled services, John Wiley said it recorded a $15 million restructuring charge in the second quarter of fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-12-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #traditional publisher #john wiley


Two million stolen passwords online

A database of more than two million stolen passwords for Facebook, Yahoo and others has been published online, a security firm has found. Continue reading at BBC World

[ BBC World | 2013-12-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #published online


BuzzFeed Said to Expect 2014 Sales of Up to $120 Million

BuzzFeed, 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,... Continue reading at Advertising Age

[ Advertising Age | 2013-12-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #online publisher #$60 million #web traffic #top ranks #$40 million #growing faster