Date

Sun - 19.11.2017


Financials

Being able to buy an issue or subscription on one device, and then access it across devices makes sense for device and app users. And, for the most part, it also makes sense for the makers of gadgets - Apple, Amazon, and others. However, it doesn't make sense for publishers looking to sell their own multi-platform subscriptions, paidContent's Staci Kramer wrote yesterday.

It is in the publisher's best interest to control their customer relationships and their brands across devices. Amazon announced its vision is to allow customers to "buy once, read everywhere" - a stance that could lead to content creators locking horns with device-makers.

Image via Melville House Publishing

For example, Kramer writes: "The NYT has invested considerable resources in an iPad app that eventually will be part of its metered plans. Selling subscriptions on the Kindle or Nook makes sense. Selling one that works on an iPad and competes with that, not so much."

Amazon has also said that in the future, it will allow users to lend e-books on the Kindle for 14 days, depending on the publisher's discretion, Retail Digital reported today.

Author

Leah McBride Mensching

Date

2010-10-26 23:58

Facebook Inc. and Groupon Inc. investor Mail.ru Group Ltd. Has filed a US$876 million IPO to go public on the London Stock Exchange, Bloomberg reported today.

The Russian Internet group is publishing for a valuation of up to $5.7 billion, the Wall Street Journal noted. It is looking to sell 3.03 million new shares and 28.59 million existing shares in the form of global depositary receipts at between $23.70 and $27.70 per GDR. If it's successful, the IPO will be the largest in the United Kingdom since July, when mining fund Vallar Plc raised $1 billion. Mail.ru could raise up to $83.1 million, and the company's owners could make up to $792 million from selling their stake in the IPO.

However, the valuation looks to be "too high" - more expensive than Internet companies anywhere but China, analysts told the WSJ.

"Such a valuation must assume significant growth of all the assets and the additional value from the synergies between them," Andrey Bogdanov, analyst at Gazprombank, told Reuters.

The Moscow-based Mail.ru owns 2.4 percent of Facebook, 5.1 percent of Groupon and 1.5 percent of Zynga Game Network, according to Bloomberg.

Author

Leah McBride Mensching

Date

2010-10-26 16:16

The FT Group, publisher of The Financial Times, revealed that digital subscriptions to the newspaper grew by 50 percent to more than 180,000 in the first nine months of 2010, paidContent.org reported today.

The division, which is part of Pearson publishing group, saw a 11 percent increase in sales "thanks to a strong performance at the Financial Times, both in the digital and hard-copy newspaper formats," the FT.com informed.

The results show that the micropayment system launched in March by allowing registered users to access ten free articles a month is working, 233grados.com explained.

Overall, Pearson reported an operating profit of 15 percent and a revenue growth of 8 percent. Sales were up by 7 percent, Bloomberg reported. In a statement, the company said its earnings per share are expected to increase by 10 percent.

Author

Clara Mart

Date

2010-10-25 23:49

As people spend more and more time online, money spent on Internet advertising also continues to rise, the latest data from the Interactive Advertising Bureau and PricewaterhouseCoopers shows, The Associated Press reported last week. In the first six months of this year, marketers in the United States spent a record amount on Web ads - US$12.1 billion - an 11.3 perccent increase over the amount spent in the first half of 2009, paidContent reported yesterday.

The biggest percentage of the spending goes to search advertising, which was up 11.6 percent to $5.7 billion in the first half of the year, or 47 percent of all online ad spend, according to the AP article, posted by BusinessWeek. Revenues for the second quarter this year are expected to show recovery from last year, reaching $6.19 billion, according to the report.

Image: IAB Internet Advertising Revenue Report: An Industry Survey Conducted by PwC and Sponsored by the Interactive Advertising Bureau (IAB) Display ads were at more than $4.4 billion, a 16 percent increase from the same time last year, the Kansas City Star reported. Another sector seeing big strong growth was digital video, up 31 percent.

Author

Leah McBride Mensching

Date

2010-10-22 22:35

Media General Inc. reported a revenue decline in the third quarter. However, the loss is smaller compared to the same period one year ago, Business Week reported.

The revenue trend is expected to continue in the fourth quarter. The company's shares were down almost 6 percent to $7.49 in morning trading on Wednesday, Reuters reported.

The publisher posted a net loss of $10.7 million, or 48 cents per share, in the third quarter, compared to a loss of $62.5 million, or $2.80 per share, one year earlier.

Revenue was up from $158 million one year ago to $163.2 million, Editor and Publisher reported.

Publishing revenue plunged almost 8 percent to $77.7 million due to plummeting retail advertising sales in the third quarter year-over-year, while TV revenue increased 3 percent year-over-year to $163.2 million, thanks to strong political TV advertising.

Author

Erina Lin

Date

2010-10-21 22:46

The CEO of Chicago-based media company Tribune Co. will resign this week, sources told the Los Angeles Times. Randy Michaels will be replaced by a four-member office, which will include LA Times Publisher Eddy Hartenstein, President and Publisher of the Chicago Tribune Media Group Tony Hunter, Tribune's chief investment officer Nils Larsen, and chief restructuring officer Don Liebentritt.

News of Michaels' expected resignation came out after the Tribune board met Tuesday night, Variety reported. His resignation was ushered in after questionable behaviour was first reported earlier this month in a scathing article by The New York Times' David Carr, in which Michaels and other executives were accused of creating management and work culture that came to "resemble a frat house."

Image via the Washington Post. Randy Michaels in December 2007, shortly after he was appointed CEO of the Interactive and Broadcasting divisions of Tribune Co.

Author

Leah McBride Mensching

Date

2010-10-21 21:10

The New Revenue and New Channel Innovations study tour will take place from Sunday, 7 November to Friday, 12 November 2010 in Silicon Valley, California, United States.

New revenue development is the hottest topic among media executives today, according to the Shaping the Future of the Newspaper project's 2010 World News Future & Change Study. Participants will learn about new revenue and channel opportunities such as:
- online, video and mobile advertising
- paid content online
- audience development and high-yield revenue-making
- new product development, and much more.

We will visit both new media and traditional companies, including: Google, Yahoo!, Hewlett Packard, Stanford University, Nokia, and more.

Visit the study tour sign-up page for more information.

Author

Leah McBride Mensching

Date

2010-10-21 01:19

HTML 5, the latest version of code used to create websites, is expected to further erode users' privacy, by letting sites know where users are physically located, as well as better track browsing histories. Consumer activists and privacy advocates are certain to be against these privacy threats, but those in the journalism world may find it to be their "salvation," writes The New York Times's Robert Wright.

"The willingness of advertisers to spend the money that sustains journalists has always depended on having information about the reader," he stated. And, as online players get bigger, the power they wield increases as they obtain more user data. Wright points to Google, Yahoo and Facebook as the top examples of firms obtaining more and more user information.

Image: WSJ. Click here for the interactive version.

Author

Leah McBride Mensching

Date

2010-10-20 18:00

Italian media group Gruppo Editoriale L'Espresso reported a net profit of €36.3 million in the first nine months of 2010, up from €1.2 million gained last year, Reuters revealed today.

The company, which owns national daily La Repubblica and 17 local publications, said it "improved profitability by cutting costs at its newspapers and generating more revenue from radio and its Internet websites," The Wall Street Journal informed. The growth is expected to continue through the year.

Overall revenues slightly declined from €640.9 million to €639,5 million due to a decrease in circulation. However, advertising revenue grew by 7.1 percent to €369.3, mostly due to a 21.7 percent increase in Internet ads, La Repubblica reported.

According to the company's press release, Repubblica.it has 1.5 million users, which represents a 25 percent growth since 2009. The group also reported good results for its national daily, as it sales remained stable (+0.1 percent) and average daily readership reached 3.3 million (1.9 percent).

Author

Clara Mart

Date

2010-10-20 17:57

paidContent yesterday published this chart (left, click for larger view), which compares how long seven of the top U.S. publishers have spent in bankruptcy, as well as how their basic financial situations differ.

The publishers include MediaNews, Freedom Communications, Sun-Times, Journal Register, Philadelphia Newspapers, Star Tribune and Tribune.

Author

Leah McBride Mensching

Date

2010-10-19 17:40

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