Jennifer's Feed
Dec 12, 2013

Instagram unveils private photo-sharing, messaging

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.

Dec 11, 2013

Spotify rolls out free music service to mobile devices

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, 2013

Gannett to add USA Today pages to its local newspapers

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.

Dec 10, 2013

Meredith CEO on the hunt for more TV stations

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.

Nov 27, 2013

New York Times CEO says Chinese language site under review

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, 2013

Rupert Murdoch and Wendi Deng agree to divorce settlement

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
marriage.

“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.

Nov 20, 2013

Rupert Murdoch close to finalizing divorce, source says

By Jennifer Saba

(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.

Nov 17, 2013

IAC shines spotlight on video streaming service Vimeo

By Jennifer Saba

(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.

Nov 17, 2013

New media investing in favor but hazards lurk

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.

Nov 11, 2013

News Corp revenue slumps in first standalone quarter

By Jennifer Saba

(Reuters) – Rupert Murdoch’s News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) reported a steeper than expected 3 percent decline in revenue in the company’s first quarter that it was split off from its more profitable sister entertainment business Fox, as a steep drop in Australian newspapers took its toll.

The company, which publishes The Wall Street Journal and the Times of London, said net income attributable to common shareholders was $27 million, compared to a loss of $92 million in the same quarter last year.