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Posts Tagged ‘David Cohen’

Morning Media Newsfeed: Apple to Buy Beats | Time Inc. Spin-off Set | House Questions Comcast Merger

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Apple in Talks for $3.2 Billion Beats Deal (Financial Times)
Apple is closing in on its largest ever acquisition with the planned $3.2 billion purchase of Beats Electronics, the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr. Dre. The deal could be announced as early as next week, people familiar with the negotiations said, but they cautioned that some details had yet to be agreed upon and talks could still fall apart. GigaOM While Beats Electronics is best known for its premium headphones, it launched a streaming music service, Beats Music, in January. According to the report, the streaming service would be included in the deal. Apple runs its own streaming music service, iTunes Radio. NYT / DealBook For Apple, whose revenue growth has slowed sharply in the last few years, the deal could point to a headlong move into the frontier of streaming music. iTunes Radio has been slow to enter the streaming world. At over $3 billion, the Beats acquisition would be a major departure for Apple, which under Steve Jobs favored smaller deals. CNET Beats Music debuted with a powerful billing and marketing partnership with AT&T and it has reportedly been growing quickly. Although the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200,000. The talks come as trends in music purchasing are shifting to subscription services. Data from the Recording Industry Association of America found that paid subscription services grew the fastest of all digital formats last year, rising to 57 percent, while revenues from permanent digital downloads that are iTunes’ specialty declined 1 percent. Mashable Apple has ramped up its pace of acquisitions in recent months. CEO Tim Cook has said in the past that he’s open to the idea of making 10-figure acquisitions. Apple stock was down by a little less than 0.5 percent in after-hours trading following the report.

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Live from the Oscars Press Room…

Thanks to this year’s nifty Oscars.com “All Access” app (pictured), it was possible to watch winners visit the backstage press room without actually having to be in the press room, suited up in journalist formal wear. So bravo to the Academy for giving FishbowlLA the ability – from the comfort of home – to track the various reporter tactics attempted deep in the bowels of the Kodak Theater.

NPR’s Amy Walters tried to get Best Adapted Screenplay winner Aaron Sorkin to bite on a Mark Zuckerberg tease, wondering how the writer felt about his subject now. But Sorkin expertly dodged the Q-trap, commending Zuckerberg for his Saturday Night Live appearance and suggesting that no one would want to have a film made about their behavior at age 19.

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Spot.us Launches Two New LA Quality-of-Life Projects

Spot.us, the non-profit journalistic website run by David Cohn, has just launched two new complimentary projects in Los Angeles, funded by the California Endowment. The first, called the LA Vitamin Report, is an 8-part multimedia series devoted to “quality-of-life” issues in Los Angeles. Alex Schmidt will be the project manager. Schmidt is a radio veteran who has worked as a staff reporter at WHYY, a web producer at The New Yorker, a producer at Marketplace, and a web producer at 20th TV Fox.

Schmidt’s first story for the project–about homeless children commuting hours across the city to go to school–just aired on the Madeleine Brand show today. Read more about it here.

Spot.us is also launching a complementary blog called The Daily Vitamin, which will cover the same terrain as the multimedia effort. Yours truly, Matthew Fleischer, has been named the blog editor. I’ll be posting a few times a week on issues ranging from land use to public health. I might even throw some flaneuring in there for nostalgia sake.

Previously on FBLA: Spot.us To Launch New Los Angeles ‘Quality-of-Life’ Project

TechStars Incubator Coming to NYC

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Young startups in the Big Apple are about to get a boost from Colorado-based startup incubator TechStars.

New York City will join Boulder, Colo., Seattle, and Boston as the fourth city to play host to the group’s mentorship and seed stage investment program.

TechStars is now accepting applications for the 2011 New York program, which starts in January. The three month boot camp seeds participating startups with capital (up to $18,000), provides shared office space, and connects founders with established tech mentors. To help fund future programs, TechStars takes a 6% equity stake in company.

“TechStars is built on a mentorship-driven approach and in New York, the biggest city in the world, there are lots of amazing mentors,” according to an announcement on the TechStars web site.

The NYC program boasts an impressive lineup of high profile mentors, including Foursquare co-founder Dennis Crowley, Tumblr founder David Karp, and Union Square Ventures financier Fred Wilson.

TechStars founder and CEO David Cohen is moving to the city to oversee the new program, while seed stage investor David Tisch is slated to manage.

Over the years, the program has yeilded some impressive results. TechStars graduate Socialthing, a social site aggregation tool, was acquired by AOL in 2008, and mass emailing service SendGrid raised more than $5 million in VC funding in 2009.

The application deadline for the 2011 NYC program is November 21.

Welcome To The Family

webnewser.pngOur mediabistro.com family got a little bigger this week with the addition of new WebNewser editor David Cohen.

David’s an experienced reporter with 13 years at Reed Business including serving in several editorial roles at Multichannel News. Most recently, he served as was deputy editor of digital media for Multichannel and its sister publication Broadcasting & Cable. We’re looking forward to reading his coverage of the Web — and he’s already been furiously posting during his first two days. Welcome, David!