NEW YORK (Reuters) – AOL Inc, its much larger competitor that is currently seeking a possible sale of its assets.
Several potential bidders interested in Yahoo have signed confidentiality agreements in recent weeks.
Conde Nast just launched the latest product from its digital incubator in time for the holidays called “Santa’s Hideout.” The site is a free gift giving service aimed at children that lets parents set up a list for each child to fill while also allowing parents to don their Santa beard. The items on the lists can be divvied up for Santa only as well as for family and friends.
Santa’s Hideout is using Amazon’s public API which is handling the e-commerce duties of shipping items on the list.
Nov 22 (Reuters) – Online streaming music service Pandora
Media Inc reported a rise in total revenue on strong
advertising sales, beating expectations.
The company said on Tuesday that, for the third quarter
ending October, revenue rose 99 percent to $75 million, beating
analysts’ expectations of $71.4 million, according to Thomson
Penguin Group launched a set of tools for writers who want to self-publish their books in print and digital form, making it the first of the six largest publishing houses in the United States to roll out such an offering.
The Pearson-owned publisher introduced the self-publishing suite through its website Book Country, a site for genre fiction authors who specialize in romance, science fiction, mystery and thrillers and are looking for feedback from other writers.
Between the bazillion ad technology companies all claiming to revolutionize online advertising and an explosion of devices and services that promise to deliver movies straight from the Internet to the TV, it’s a full time job keeping tabs on what can do what.
That’s why Interpublic Group’s Mediabrands launched Media Lab last Thursday, a 5,000 square foot space dedicated to learning and figuring out which end is up with various technologies available to marketers.
Back in September, right before the quarter ended, Viacom trimmed its advertising revenue outlook to high single digit growth from double digit growth. One of only a few media conglomerates to take that step–News Corp, Time Warner, and CBS were much more upbeat–the move prompted some concern among media watchers that advertisers were beginning to slash their budgets on macro-economic concerns.
But that wasn’t the case. It turns out the problem was Viacom specific. As the Sumner Redstone-controlled company disclosed during its fiscal fourth quarter results Thursday, domestic advertising revenue growth slowed in part because of a mid-September ratings plunge kids network Nickelodeon. Total domestic ad revenue across Viacom’s cable networks, which also includes MTV, VH1, and Comedy Central, for FQ4 was up 7 percent versus the third quarter’s climb of 12 percent.
The New York Times is expanding its technology blog Bits to include more reporting and analysis about the enterprise portion of the tech sector. The expanded coverage will encompass a broader range of subjects like “big data,” “cloud computing” and security issues.
“It’s an area the Times has never had a lot of reporting,” said Damon Darlin, technology editor who oversees the site.
(Reuters) – Viacom Inc’s quarterly revenue and profit rose, beating estimates, due mainly to the success of the Paramount film “Transformers: Dark of the Moon”.
Viacom, the company behind MTV and Paramount Pictures, also announced on Thursday that it expanded its stock repurchase program to $10 billion from $4 billion and said it expects to complete the buyback in two years.
Lending Club has been going after consumers who have stellar credit histories but have a less than stellar view of credit card companies that don’t reward their good record. The company also targets investors looking for a low-risk return on their capital.
Nov 7 (Reuters) – Demand Media reported a rise in
quarterly revenue, though it still faces tough questions about
its reliance on Google for traffic at one of its
Third-quarter revenue, excluding traffic acquisition costs,
rose 26 percent to $78.1 million, the company reported on
Monday. That was in line with analysts’ average estimate of
$78.2 million, according to Thomson Reuters I/B/E/S.