Why Silicon Valley Can't Sell

Drive up and down the 101 Freeway in Silicon Valley, or cast your gaze north toward Seattle, and media companies, which expect to book over $20 billion in advertising in 2011, appear to be everywhere. But visit the biggest of these companies and ask them to define themselves, and you’ll be hard-pressed to get them to say they’re the new generation of media, attracting audiences for the purpose of selling advertising. “We’re a core technology company,” says Nikesh Arora, Google’s chief business officer, whose team netted $10 billion in U.S. ad sales for the search giant last year. “I don’t know [if we’re a media company], and to be honest, I’m not that interested in the answer,” says a slightly annoyed David Fischer, Facebook’s vice president of advertising, who sold $1.8 billion. “Microsoft is first a technology company,” says Keith Lorizio, the head of sales for the software giant’s Advertising unit. The exceptions? Yahoo and, on the East Coast, AOL—both once seen as tech leaders, but now laggards, trying to remake themselves as media companies. “I embrace it,” Ross Levinsohn, who joined Yahoo last November to run its Americas operations, says about the media label. “The media business is the most exciting business in the world.” But you won’t find any tech platform worth a few billion or more that admires Yahoo, AOL, or, for that matter, anybody else in the media business. Advertisers and other publishers have pointed out for years now that assembling audiences, and... Continue reading at 'AdWeek'

[ AdWeek | 2011-07-11 00:00:00 UTC ]
News tagged with: #big thing

Other Publishing stories related to: 'Why Silicon Valley Can't Sell'


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[ Digiday | 2018-03-26 00:00:00 UTC ]
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London Briefcase 2018: What U.S. Agencies Will Be Selling at the London Book Fair

This year American agents will be carrying bags filled with literary debuts as well as works by bestselling authors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Meredith plans to axe 1,200 jobs and sell Time, Fortune, Sports Illustrated

Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell flagship publication Time as well as Sports Illustrated, Fortune and Money after completing a review of the $1.8 billion deal.The company also intends to eliminate about 1,000 jobs over the next 10... Continue reading at Advertising Age

[ Advertising Age | 2018-03-22 00:00:00 UTC ]
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Meredith plans to sell off Time, Fortune and Sports Illustrated and cut 1,000 jobs

Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell the flagship publication Time, as well as Sports Illustrated, Fortune and the Money brand, after completing a review of the $1.8-billion deal. The company also intends to eliminate about 1,000 jobs over... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-03-22 00:00:00 UTC ]
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Rewarding Top-Selling Titles: 42 Titles on the ‘Nibbies’ Books of the Year Shortlist

The British Book Awards shortlist for the 2018 Books of the Year include top-selling titles and reader favorites across seven categories. Sales, literary merit, and publishing strategy will determine the final winners. The post Rewarding Top-Selling Titles: 42 Titles on the ‘Nibbies’ Books of... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-03-22 00:00:00 UTC ]
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Pushkin sells Japanese title for six-figure sum

Pushkin Children’s Books has sold the North American rights to The Beast Player series by Japanese author Nahoko Uehashi, translated by Cathy Hirano, in a six-figure deal. Continue reading at The Bookseller

[ The Bookseller | 2018-03-16 00:00:00 UTC ]
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Porter Square Owners Sell Half Their Store to Employees

Porter Square Books owners Dina Mardell and David Sandberg are selling half their stake in their Cambridge, Mass., bookstore to their senior staff members. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-14 00:00:00 UTC ]
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'Cat Person' author's debut sells into 23 territories

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[ The Bookseller | 2018-03-01 00:00:00 UTC ]
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Meredith’s Focus on Magazines for Women Will Likely Mean Selling SI and Time

The 2018 Sports Illustrated Swimsuit Issue is out today, with 2017 SI Rookie Danielle Herrington gracing this year's cover. Former SI cover model Tyra Banks first shared the news with Herrington in a video posted to SI.com this morning. This year's Swimsuit Issue is unique in that the first... Continue reading at AdWeek

[ AdWeek | 2018-02-14 00:00:00 UTC ]
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Can Instagram Make Poems Sell Again?

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[ Publishers Weekly | 2018-02-02 00:00:00 UTC ]
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Selling Rights Into China: Interview with Literary Agent Jackie Huang

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[ Publishing Perspectives | 2018-01-30 00:00:00 UTC ]
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Walmart teams up with Kobo to sell ebooks and audiobooks

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[ Engadget | 2018-01-26 00:00:00 UTC ]
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Google Play Store Now Selling Audiobooks and Boosting Content on Voice-Activated Devices

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[ Publishing Perspectives | 2018-01-25 00:00:00 UTC ]
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After Massive New Printing, 'Fire and Fury' Sells 191K Copies

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[ Publishers Weekly | 2018-01-18 00:00:00 UTC ]
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'Fire and Fury' Sells over 28,000 Copies in Two Days

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[ Publishers Weekly | 2018-01-10 00:00:00 UTC ]
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December Religion Bestsellers: Holiday Releases, Old Favorites Selling Well

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[ Publishers Weekly | 2018-01-10 00:00:00 UTC ]
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Fire and Fury demand soars as Waterstones sells out

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[ The Bookseller | 2018-01-09 00:00:00 UTC ]
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Waterstones' early Fire and Fury stock sells out 'within minutes'

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[ The Bookseller | 2018-01-06 00:00:00 UTC ]
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[ Los Angeles Times | 2017-12-19 00:00:00 UTC ]
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Barnes & Noble’s best-selling books of 2017 are just so 2017

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[ Fast Company | 2017-12-18 00:00:00 UTC ]
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