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...
View ArticleIn 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,...
View ArticleThe 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...
View ArticleMessaging 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,...
View ArticlePenton 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...
View ArticleAlibaba 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...
View ArticleSINA 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...
View ArticleProgressive Digital Media Group Acquires CurrentAnalysis Inc.
Progressive Digital Media Group plc announces an agreement to acquire the entire issued share capital of CurrentAnalysis Inc. (“CurrentAnalysis”), for a gross consideration of US $19.6 million in cash...
View ArticleJoseph 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...
View ArticleAccounting 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...
View ArticleBertelsmann 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....
View ArticleAlibaba 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...
View ArticleSix 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...
View ArticlePenton: 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,...
View ArticleBertelsmann Q3 2014 Profits Plunge – Revenues Flat
Bertelsmann SE & Co. reported an 85% plunge in third-quarter profit, hurt by a poor performance at RTL Group , losses from plant and business sales, and integration costs at its publishing house....
View ArticleAcxiom and Hearst Magazines Inks New Deal – Expands Relationship to Bring...
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...
View ArticleAxel Springer Raises Stake in Digital Classifieds JV for $548 mln
Axel Springer buys 15 pct stake in Digital Classifieds and obtains option to buy remaining 15 %. The move is part of increasing shift to digital media. German publisher Axel Springer is spending 446...
View ArticlePrint is Dead! – Long May Live Print
The proportion of industry revenues from print continues to shrink, now down to just 20% of the total according to Outsell’s CEO Topics, 3 October 2014, Information Industry Outlook 2015: Sensored...
View ArticleTencent and Sony in Distribution Partnership
Tencent Holdings has struck the latest in a string of music distribution deals, this time with Sony Music Entertainment, as it teams up with labels to try to develop China’s paid-for music market and...
View ArticlePenton Acquires iNET Interactive
Penton announced that it has acquired iNET Interactive, a leading event and digital information company that focuses on the booming Cloud, Hosting and Data Center segments of the technology sector....
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