(Reuters) – News Corp on Friday made its first acquisition as a stand-alone company with the $25 million purchase of social news tool Storyful.
Founded in 2008 and based in Dublin, Ireland, Storyful verifies and manages the rights holders of news and videos on social media platforms such as Twitter in real time.
NEW YORK/SAN FRANCISCO (Reuters) – Photo-sharing service Instagram unveiled a new feature Thursday that allows users to send images and messages privately, as the Facebook-owned company sought to bolster its appeal among younger consumers who are increasingly using mobile messaging applications.
The new Instagram Direct feature allows users to send a photo or video to a single person or up to 15 people, and to have real-time text conversations.
NEW YORK (Reuters) – Online music-streaming service Spotify on Wednesday launched a free music service for smart phones and tablets as it tries to hook a fast-growing group of users keen to stream tunes on their mobile devices.
Spotify offers free music on desktop computers with advertising but customers previously had to pay for on-demand connection on their mobile devices.
Dec 11 (Reuters) – USA Today, nicknamed “The Nation’s
Newspaper,” is getting local.
Gannett Co, the parent company of the nationally
distributed newspaper, announced on Wednesday that it planned to
include pages of USA Today in 35 of its local community papers
after a fall test proved successful.
NEW YORK (Reuters) – Media company Meredith Corp plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spin-off, the company’s chief executive officer said in an interview with Reuters on Monday.
“We are putting together a hit-list of (TV) properties and working with owners,” CEO Stephen Lacy said.
NEW YORK (Reuters) – New York Times Co Chief Executive Officer Mark Thompson said the publisher is going to keep all its money losing operations under review – including those in China – as he seeks to negotiate the newspaper’s increasing shift towards a digital landscape.
The New York Times Chinese language website has been blocked in China ever since it published an article in October 2012 about the family wealth of Wen Jiabao, the former premier.
Nov 20 (Reuters) – Rupert Murdoch and his wife, Wendi Deng
Murdoch, appeared before a Manhattan judge on Wednesday in a
10-minute hearing that cleared the way for ending their 14-year
“I’m glad you were able to resolve these matters amicably,”
New York State Judge Ellen Gesmer said to the media mogul and
his wife after asking if they were satisfied with settlement.
(Reuters) – Rupert Murdoch, the chairman of News Corp and 21st Century Fox, and his wife of 14 years, Wendi Deng Murdoch, are close to settling their divorce, according to a person familiar with the terms of the agreement.
They are scheduled to appear on Wednesday at New York State Supreme Court in Manhattan to finalize what is considered to be an amicable agreement, the person said. The couple have prenuptial and postnuptial agreements.
(Reuters) – As one of the media properties tucked away within IAC/Interactive Corp’s vast group of online holdings, executives are putting the spotlight on Vimeo, breaking out the number of users and revenue for the first time.
IAC revealed that Vimeo has an audience of more than 100 million unique users, 400,000 paying subscribers and about $40 million in revenue over the past 12 months ending October.
NEW YORK (Reuters) – New media websites from BuzzFeed to Business Insider are on a roll lately, showered with dollars from venture capitalists betting that they will crack an advertising market that has stymied traditional media companies.
With their mix of top-ten lists, slide shows that highlight the indignities of air travel, eye-catching headlines and thoughtful news, such media start-ups think their fresh approach to working with brands will coax more money from advertisers.