By taking a stake in Vox Media, NBCUniversal is finally getting a foothold in native digital publishing. The $200 million equity investment will see the two collaborate on digital and video advertising and video programming. The deal, announced Wednesday, will include Vox Media editors and reporters appearing across NBCU channels including cable news outlets MSNBC and CNBC. This morning, Vox Media chairman and CEO Jim Bankoff went on CNBC's Squawk Box to discuss the deal. NBCU's parent Comcast had previously invested in Vox Media via its investment arm, Comcast Ventures. NBCU is also close to an investment in BuzzFeed, which should be made official later this week. "Vox Media is positioned very directly against benefiting from the trend of younger individuals consuming more and more content through the web and digital channels and less and less through traditional channels," Stephen Beck, founder and managing partner of management consultancy cg42, told Adweek. Beck described the move as a defensive one for NBCU and Comcast as consumer habits change. It could also help Comcast's consumer standing, says Beck. "Comcast is the poster child in having the most frustration among its customer base. That's magnified among the younger audience." Syracuse's Robert Thompson, also the director for the Bleier Center for Television & Popular Culture, told Adweek that "so much of NBC's business now is ad-supported television." "Diversifying into these other digital avenues... Continue reading at 'AdWeek'
[ AdWeek | 2015-08-13 00:00:00 UTC ]
News tagged with:
#vice media
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
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 --
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
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
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
Sales for the third quarter ended November 2 at Books-A-Million fell 3.5%, to $100.4 million, and its net loss deepened to $7.1 million, from $2.8 million in the third period of 2012. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales dip
#losses rise
After Amazon CEO Jeff Bezos bought the Washington Post with his spare pocket change earlier this year, I took a look at the growth of the digital publishing industry here in the Seattle area. Booktrope, a digital publishing startup based here in Seattle, was one of the companies I chatted with... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2013-11-22 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#big push
#independent publishers
Hodder has now printed more than 1m copies of Sir Alex Ferguson's memoir, My Autobiography... Continue reading at The Bookseller
[ The Bookseller | 2013-11-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#1m copies
Houghton Mifflin Harcourt announced this morning that it is moving forward with an Initial Public Offering through which it could raise up to $292 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#moving forward
Chegg, which offers textbooks for rent and other online services to college students, is looking to raise $172.5 million in its Initial Public Offering. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#online services
#college students
Just two weeks after announcing a $50 million dollar round of funding, mobile news reader Flipboard revealed growth numbers that may explain investors' eagerness to get behind it.The company now claims 90 million users, a jump from the 85 million Flipboard CEO Mike McCue confirmed early last... Continue reading at Advertising Age
[ Advertising Age | 2013-10-08 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#company announced
#months ago
#traditional publishers
#vanity fair
Patterson says a bookstore will need to be 'viable' and have a kids' section to qualify for a donation. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-09-18 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#james patterson
#indie bookstores
Condé Nast continued their aggressive push into ecommerce this week, leading a $20 million investment round in the luxury online reseller V Continue reading at Folio Magazine
[ Folio Magazine | 2013-09-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#aggressive push
Martini Media is in the money. The digital advertising network focused on affluent Web users announced on Tuesday that it has raised $14 million in new funding. The investment will "accelerate" Martini Media's "aggressive growth strategy," per the company. Martini Media CEO Skip Brand told... Continue reading at AdWeek
[ AdWeek | 2013-08-28 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#martini media
#data scientist
#daily meal
#direct response
E-book publisher and digital marketer Open Road Integrated Media announced that it has received $11 million in Series C equity financing led by an $8 Million investment from NewSpring Capital. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-08-19 00:00:00 UTC ]
More news stories like this |
Russia supplies 90% of the books in the Ukraine, but the government wants to change this by investing over $60 million to support the indigenous book business. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-08-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#big investment
#$60 million
Pearson is to become a key minority shareholder in English language learning platform Voxy. New... Continue reading at The Bookseller
[ The Bookseller | 2013-08-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#pearson invests
With the simple concept of alerting readers to a curated list of discounted ebooks, Bookbub has attracted nearly 1.5 million users in just a year. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#discounted ebooks
Today’s tech titans are blessed with wondrous perks: company cars, private jets, even a free house for Amazon’s Jeff Bezos. But Russian oil titan Gazprom--one of the largest companies in the world--and its chief executive Alexey Miller, together have reached a new level: setting aside 119.7... Continue reading at PC World
[ PC World | 2013-07-17 00:00:00 UTC ]
More news stories like this |
Goldman Sachs and Singapore's Temasek have invested $110 million in Shanda Cloudary, China's leading digital publishing platform, now valued at $600 million. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#goldman sachs
#shanda cloudary
#$600 million