Group items tagged

"The future of print media is digital. Just as new printing techniques revolutionised the industry and gave birth to full page color images in print media, digital content will change the way we read and consume print media in the future. The ideals and stories will (hopefully) still be there at the heart of digital media but consumers will be given the opportunity to delve deep into the articles. Digital media will put elements that enrich the reading experience - like rich colour photos that can be enlarged, video, sound, animations and 3D images -at the fingertips of every reader"

Article argues the i-Pad is a device for consuming media, and that it offers a new platform for media companies to utilize. What type of business model will result from such a platform, and are there new economic models that will result from its introduction?

"TV's Twittercooler dividend suggests one thing for old-media folks wrestling with the problem of new media: don't look at it as a problem. Social media have turned the world into one big living room. The future belongs to those who pull up a chair."

"News Corp. agreed to pay $70 million for a stake in the media company owned by Saudi billionaire Prince Alwaleed Bin Talal, one of its largest shareholders. The New York media conglomerate will take a 9.1% stake in Rotana Group, with an option to double its holdings in 18 months. Corp. will have two seats on Rotana's six-person board. The investment gives News Corp its first significant foothold in the Middle East, where it expects economies to grow quickly."

New social media tracking tool launches. Unlike google alerts, Trackur searches tweets and other social media.

The Knight Foundations responds to shifting media industry economics by donating $2 million dollars to fund freedom on information act requests. While these requests are traditionally paid for by newspapers and news organizations, economic challenges facing the industry are undercutting traditional funding models.

In a Webcast news conference, Coca-Cola executives discussed how they intend to incorporate philanthropy and the social media into their Super Bowl ad plans. The social media component will come courtesy of Facebook, which is teaming up with Coca-Cola for the initiative.

Discussion of whether Google will leave China with comments from Chinese bloggers and media analysts.

News Corp is hungry to get into the middle east advertising/media markets because of the young audiences and emerging growth in their home markets. They are attempting to buy a share in Rotana Media.

The FCC is launching an inquiry into the future of media and its role in providing news and civic information. FCC Chairman Julius Genachowski said that rapid technological change has caused financial turmoil that calls into question whether traditional media will continue to be the go-to provider of essential news and information. The commission issued a public notice teeing up some of the questions it wants answered and launched a web site to collect some of that input

The number of media and entertainment media and acquisitions deals fell by 49 percent in 2009, according to a report by PricewaterhouseCoopers. The accounting firm's 2010 U.S. Entertainment & Media M&A Insights report said the deals totaled $77.4 billion last year, the lowest level since 2004. There were 714 deals, down 29 percent from 2008 and the smallest number in seven years.

"It may be a bitter pill for public critics to swallow, but media outlets have to operate in the black to continue operating. Antiquated media ownership rules are going to have to be revised to reflect reality."

"Media-ownership rules should be loosened to allow more consolidation and attract capital to the industry, representatives of the investment community said Tuesday at a Federal Communications Commission workshop on how the agency might change ownership rules later this year."

At an FCC workshop, industry representatives argue for relaxed media-ownership rules to allow more consolidation and to attract capital to the industry. FCC officials are looking at what the agency can do to improve the health of the newspapers, TV and radio stations, which continue to lose customers and advertising revenue to online competitors.

"Explores the impact of media consolidation on news content and youth as both media producers and consumers. (10 minute version.)"

"In a lengthy article in New York magazine that hit the Web late on Sunday, writer Gabriel Sherman quotes a source high up in the media industry echelon who says Murdoch is "pretty tightly wound up over Google and has been ready to sue them...He doesn't trust them at all." The lawsuit, presumably, would come if Google refused to stop indexing News Corp. search results without paying a fee for them."

News Corp. the media conglomerate run by the billionaire, said second-quarter earnings got a boost from Avatar ticket sales and its broadcast TV division. The New York-based company reported net income of $254 million, or 10 cents per share, up from a net loss of $6.4 billion, or $2.45 cents per share in the same period a year prior, when the company was forced to write down the value of its assets.

Publishers and broadcasters have always called on freelance journalists. But a generation ago, if they used material from another organization, it was usually limited to a handful of large, well-known and respected ones like The Associated Press or Reuters. With established newsrooms shrinking, a raft of smaller news outlets have cropped up in the last few years, selling or simply giving news reports to the traditional media - groups like ProPublica, Global Post, Politico and Kaiser Health News.

"Media powerhouse News Corp is run by Rupert Murdoch. It owns - among other things -- Harper Collins, the \nWall Street Journal, 20th Century Fox, Hulu, MySpace and a host of other media outlets. Now News Corp and its MySpace CEO suddenly part ways. Why?"

Roger Ailes, the head of Fox News, explains how he has created a media empire. The division is on track to achieve $700 million in operating profit this year.

"ABC News will sharply reduce its news-gathering staff through buyouts and possible layoffs, the company said on Tuesday. ABC employees said they expected the cutbacks would affect 300 to 400 people, or roughly 25 percent of the news division's work force."

ABC News will sharply reduce its news-gathering staff through buyouts and possible layoffs, the company said on Tuesday. ABC employees said they expected the cutbacks would affect 300 to 400 people, or roughly 25 percent of the news division's work force.