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?

Blog post about a media center that may forever change the way we consume media. "Boxee is a media center for the age of broadband and social networking. It doesn't just play media stored on your computer; it indexes hundreds (possibly thousands) of streaming videos from, amongst others: ABC, NBC, Comedy Central, and (thanks to a little browser-based trickery) Hulu. It's also a platform for widgets and apps that can pull in additional content from services like Pandora, Netflix, and MLB.TV. Plus, like any piece of software worth its digital weight in bytes, Boxee integrates with social networks like Twitter and Facebook for sharing what your watching with others."

"According to current Korean media law, foreigners cannot become chief executive officers or executive editors. The media ownership law also states that foreigners cannot own a majority share of any media outlet in Korea."

"To understand how marketers are using social media, we commissioned the Social Media Marketing Industry Report: How Marketers Are Using Social Media to Grow Their Businesses. We set out to uncover the "who, what, where, when and why" of social media marketing with this report. Nearly 900 of your peers provided the kind of insight that previously has not existed."

"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."

In his feisty opening statement, Franken said: "I worked for NBC for many years. And what I know from my previous career has given me reason to be concerned--let me rephrase that, very concerned--about the potential merger of Comcast and NBC Universal. The media are our source of entertainment, but they're also the way we get our information about the world. So when the same company that produces the programs runs the pipes that bring us those programs, we have a reason to be nervous.... You'll have to excuse me if I don't just trust their promises and that is from experience in this business." The former SNL star and entertainment industry insider-turned-Senator is dead on with his concerns. As Free Press--the media reform advocacy organization founded by The Nation's John Nichols, media scholar Robert McChesney, and current executive director Josh Silver-- points out, the merger would result in Comcast controlling one in every five television viewing hours. It would lead to fewer choices of what you can watch and how you can watch it. Those cable bills that continue to rise would rise even higher, and if you don't use Comcast you might have to pay a premium to get NBC's shows. There will be even less access to local and independent programming as Comcast would promote NBC's shows at their expense. And, finally, there's the even larger issue of concentrating power and limiting access to free public interest media.

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

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."

The BBC is poised to sell its selection of UK-based magazines, including such titles as BBC Good Food, Gardening World, Top Gear and Radio Times. The corporation is looking to cut over $150 million USD in overhead costs and evidently plans to accomplish this by "looking to move away from physical media" and focusing more deeply on digital media as well as looking overseas for merger opportunities. The BBC has already begun stripping itself of media such as audio books, non-BBC channels outside the UK and two radio stations. It also cut the number of websites it owns by half, resulting in an estimated loss of 600 jobs.

Highlights an Anneberg School of Journalism study that examines rates of media subsidy, and shows a marked decline. References historical tradition of media subsidy through postal discounts and tax breaks.

"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.

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.

"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."

Brands and companies aren't necessarily producing real output, but rather just responding and reacting in the social media world. This spreads awareness of their brand, but really means they're producing media rather than products. Interesting thought.

ubroadcast, inc. (UBCI 0.03, +0.00, +3.85%) , a leader in Internet Broadcasting, today announced that it has signed a definitive agreement to acquire Alexandria, VA-based iVu Media Corp., the developer of a state-of-the-art Video Content Management (VCM) system that works in tandem with a High Definition Playback technology. iVu Media's clients include Sony, Ford and Honda. For 2009, iVu Media had revenues of less than $500,000.

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.

PBS reporting on media ownership

PBS' 2003 reporting on media ownership