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Digital Media

Penton: Transforming into Business Information – From Print to Digital

Penton Marks Evolution to an Information Services Business, Rolls Out New Branding to Reflect Transformation.  Events Key Revenue Stream, Followed Closely by Digital and Marketing Services, Collectively Seeing Double Digit Growth David Kieselstein, CEO of Penton, announced at the Business Information Management Summit (c-level event for business information ecosystem), the launch of the Company’s new branding and website (penton.com), which marks the ... Read More »

Six Steps To Become A Digital Business – Digital Transforms the Game of Business

Business leaders don’t think of digital as central to their business because in the past, it hasn’t been.  But now your customers, your products, your business operations, and your competitors are fundamentally digital.  A piecemeal strategy of bolting on digital channels or methods is no longer sufficient. Instead, you must think of your company as part of a dynamic ecosystem ... Read More »

Alibaba Eyes Expansion into Hollywood Content Offering

Alibaba Group Holding Ltd is looking to expand its entertainment content offering on its Internet television set-top boxes through deals with studios in the United States, Bloomberg reported. Alibaba Group executives are meeting with content providers, such as Walt Disney Co, Viacom Inc’s Paramount Pictures, Time Warner Inc’s Warner Bros, Sony Corp and Comcast Corp’s Universal.  The company is seeking deals that will provide it with ... Read More »

Acxiom and Hearst Magazines Inks New Deal – Expands Relationship to Bring Marketing Services to the Cloud

Increased Efficiencies and Long-term Competitive Advantages among Key Benefits Acxiom® announced an expanded relationship with long-time client Hearst Magazines, one of the world’s largest magazine media companies. Under the terms of this new agreement, Acxiom will be responsible for bringing Hearst Magazines’ marketing services platform to the cloud. Acxiom will lead the migration of Hearst’s database hardware and software to Amazon ... Read More »

Bertelsmann First Half 2014 Revenues Up 6.7%

Bertelsmann revenues for first six months of 2014 were Euro 7.846bn up 6.7%.  Nevertheless profits declined by 39% largely because the previous year’s figures had been boosted by windfall gains.  Subsequently Bertelsmann downgraded its full-year forecasts. Underlying or operating profit edged 0.4 percent higher to 1.015 billion euros. “The first six months of 2014 went satisfactorily for Bertelsmann. The significant ... Read More »

Accounting Scandal Hits Alibaba’s New Film Company

‘Big Deals are generally made in heaven’, meaning in clear text a particular deal is negotiated between principals, who are in a hurry and believe it they know all the facts.  Under such circumstances due diligence usually takes a back seat. Due diligence is now being questioned in the latest scandal involving Alibaba’s US$ 800 million acquisition of China Vision.  ... Read More »

Joseph Sanborn Has Joined The Jordan, Edmiston Group

Senior Software and Technology M&A Banker Joins JEGI as Managing Director The Jordan, Edmiston Group, Inc. is pleased to announce that Joseph Sanborn, a senior software and technology M&A banker, has joined the firm as Managing Director, Head of Technology.  Mr. Sanborn will lead the firm’s efforts to continue expanding its advisory practice in technology and software, with a focus ... Read More »

SINA Q1 2014 Revenues Up 36%

SINA Corporation (the “Company” or “SINA”) (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, announced net revenues increased 36% year over year to $171.5 million.  Non-GAAP net revenues increased 38% year over year to$167.3 million, exceeding the Company’s guidance between $162.0 million and $167.0 million. Advertising revenue grew 44% year over year to $135.7 million, reaching the high-end ... Read More »

Alibaba Makes Investment in Wasu

Alibaba Group reached an agreement with Zhejiang-based Wasu Group to further tap into the cultural and new media sector,  according to a statement made by Alibaba on  Weibo.  The two companies will cooperate in the development of original content, online gaming and music, as well as the cloud computing sector, Alibaba said. Wasu Media Holding Co, Wasu’s listed arm on ... Read More »

Penton Launches ‘Penton SmartReach’ Division

Focuses on innovative development and delivery of targeted database to help businesses drive more effective marketing, enhance lead generation Penton announced that it has formed Penton SmartReach™, a division focusing exclusively on the development, management and delivery of targeted data and subscriber information to help direct marketers identify, reach and activate more prospects and generate more effective leads. The database ... Read More »

Messaging Service Tango Secures $280 million from Alibaba

Tango netted $215 million from Alibaba with the additional $65 million from some of its prior investors which include Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital, as well as Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. The Alibaba investment secured the Chinese company a minority stake in Tango and a seat on the ... Read More »

The Rise of Digital Publishing – The Inflection Point

The Financial Times Group achieved revenues of £449 million (£443 million in 2012) with profits of £55 million, an underlying increase of 17% year-on-year. This was driven by strong growth in digital and content businesses and improved print circulation margins which more than offset weak advertising. The Financial Times 2013 financial results reveal some interesting trends: Print declines, printing plants ... Read More »

In Memoriam: Media Pioneer Pat McGovern Dies

Media pioneer Patrick McGovern died on Wednesday at Stanford Hospital in Palo Alto at the age of 76.  McGovern was the founder and chairman of International Data Group , which publishes  200 magazines, operates 460 websites and produces 700 events in 79 countries around the world.  Its most well-known magazine, PCWorld, with 39 million readers in 49 countries, announced in ... Read More »

Alibaba Buys Majority Stake in ChinaVision

Alibaba has paid more than $800m for a majority stake in Hong Kong-listed ChinaVision Media Group. The ChinaVision deal will address what analysts say is Alibaba’s competitive disadvantage in video entertainment, where it lags behind both Baidu and Tencent. China’s online video scene is already the biggest in the world, with more than 400m viewers and hundreds of millions more ... Read More »

Alibaba Said to Have Acquired 20% Stake in Wasu Media for US$1bn

Alibaba Group has reportedly acquired a 20% stake in Wasu Media Holding Co worth about US$1 billion. Shenzhen-listed Wasu Media said on March 4 that it would suspend trading on the local stock market as it planned to adjust a private placement scheme.  A spokesperson for Alibaba offered no comment in response to the market speculation.  A Wasu spokesperson said ... Read More »

Digital Media: “The Age of Curation: From Abundance to Discovery”

Bain & Company has conducted a global survey measuring how people consume culture in the form of digital media—video, music, e-books and video games.  For our members who are interested in consumer behavior concerning digital media and devices we recommend to read this report.  The following is an excerpt of the Bain report. By surveying more than 6,000 consumers in ... Read More »