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Posts Tagged ‘Kindle’

Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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Morning Media Newsfeed: Facebook Buys Oculus | Atlantic Makes Changes | Amazon Credits eBooks

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facebook oculus

Facebook Bets $2 Billion on Virtual Reality (Financial Times)
Facebook is making a $2 billion bet that virtual reality headsets will be the next big social platform after computers and smartphones, with the sudden acquisition of Oculus VR. The deal marks an unexpected move by the world’s largest social network into the hardware business, at a time when arch-rival Google is investing in robots, its own Google Glass headset and other long-term ventures. Facebook believes that virtual reality’s applications could extend beyond gaming into entertainment and education. AllFacebook The transaction is expected to close during the second quarter, and it is comprised of $400 million in cash, 23.1 million shares of Facebook class-A common stock (worth $1.6 billion based on the average closing price of $69.35 for the 20 trading days leading up to March 21) and $300 million in potential cash and stock based on reaching certain unspecified milestones. Facebook said in its announcement that more than 75,000 orders have been placed for Oculus Rift development kits, adding that it plans to help Oculus expand into verticals including communications and media. Adweek The Irvine, Calif.-based company’s Rift headset covers the eyes of users and plants them in a virtual reality world in which they can play games, watch movies and interact in new ways. GigaOM Facebook CEO Mark Zuckerberg said that he sees Oculus as an opportunity to move beyond the console and toward ubiquitous computing. He doesn’t expect Facebook to make money off of selling Oculus hardware; instead, it might become a ubiquitous world for communication that might contain advertising. “Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home,” Zuckerberg explained. Bloomberg The deal follows a spate of acquisitions that Facebook has used to build up its mobile business. Last month, the company agreed to purchase messaging application WhatsApp for $19 billion. In 2012, Facebook bought mobile photo-sharing program Instagram for about $700 million. Facebook had $11.4 billion in cash and investments at the end of 2013.

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Elevator Pitch: Storyville Wants to Do for Short Stories What iTunes Did for Music

In the latest episode of mediabistroTV’s “Elevator Pitch,” host Alan Meckler meets with Storyville co-founder Paul Vidich. Storyville is a mobile app for short stories that connects readers and authors. A former music executive, Vidich helped Steve Jobs bring music singles to iTunes. He hopes Storyville will do for the short story what iTunes did for the single.

For more videos, check out our YouTube channel and follow us on Twitter: @mediabistroTV

Also, find out who’s hiring on the Mediabistro job board.

New Kindle is Bestselling Product in Amazon History

Recession? Death of print media? Amazon.com isn’t worried. The e-tailer announced today that the 3G, Wi-Fi Kindle is the website’s bestselling product ever. More people turned on new Kindles for the first time on Christmas day than any other day in the product’s history.

Amazon doesn’t release sales figures, but they did reveal other interesting numbers: On the company’s peak sales day, November 29, more than 13.7 million items were purchased from the site. That breaks down to 158 items per second, a new record for the company. Not surprisingly, “The Girl with the Dragon Tattoo” by Stieg Larsson was the most purchased and most gifted Kindle book on Christmas day. Topselling movies for the holiday season were “Inception”; “The Blind Side”; and “Toy Story 3”

But by far our favorite figure from the release is this:

For the holiday time period alone, Amazon customers bought enough copies of “Eclipse” for Edward Cullen to watch the movie 1,000 times a day for all 109 years of his life.

On The Menu: Introducing eBookNewser

ebn.pngEven now with 13 blogs in on its roster, it’s not every day that mediabistro.com announces a new blog launch. But today, Morning Media Menu podcast host Jason Boog, the editor of mediabistro.com’s publishing blog GalleyCat, had some big news: the launch of the site’s latest blog, eBookNewser, which he will be overseeing as managing editor.

This morning, Jason and his co-host, AgencySpy‘s Matt Van Hoven, welcomed eBookNewser’s editor Craig Morgan Teicher to the podcast, to help introduce the blog to the world.

Morgan said the blog will be following all the latest digital reading devices, like the Kindle and the Nook, the latest digital publishing applications, and the Google book settlement and all the repercussions the will derive from that. Today’s biggest news is that Barnes & Noble is debuting demos of its Nook device in stores starting today, although no actual devices will be available for sale.

The blog’s launch comes in advance of mediabistro’s conference next week, the eBook Summit on December 15 and 16. For more on the summit and eBooks, head to eBookNewser.com.

You can listen to all the past podcasts at BlogTalkRadio.com/mediabistro and call in at 646-929-0321.

FishbowlNY Poll Results: Kindle’s Too Pricey For You

amanda_kindle_chart.gif
Yesterday, we asked you to tell us if you would buy a new Kindle DX. There’s been a lot of buzz about this product in the past few days (most recently the fact that it can’t correctly pronounce Barack Obama‘s name) but everyone is mostly complaining about its price and its release being so soon after the latest Kindle version, the Kindle 2. Here’s the results of our poll:

61% of you said that you would not buy a Kindle DX, although only 16% of you said you wouldn’t be buying the new version because you already have a Kindle of some kind.
29% of you said you would buy a Kindle DX.
And of the 10% that answered “other,” many of you were simply undecided and pointed to price as a major drawback. At least two people said they would consider buying a Kindle DX if the price drops.

As one respondent said, “If it was less expensive, I would buy a Kindle for books…not necessarily news.”

Dr. Nancy Snyderman To Host MSNBC Show|HarperCollins’ Revenue Declines|Google Could Save Journalism|CNBC Host Mad Over Kindle DX|Toby Young Hit By Car

TVNewser: NBC News chief medical editor, and author of “Medical Myths That Can Kill You,” Dr. Nancy Snyderman will anchor an MSNBC midday show focusing on health issues starting next month.

GalleyCat: HarperCollins’ revenue was down 20 percent last quarter.

MediaJobsDaily: Is Google good for journalism?

Silicon Alley Insider: CNBC’s Michelle Caruso-Cabrera is “furious” over the new Kindle DX — because she just bought a Kindle2.

Huffington Post: Former Vanity Fair contributing editor, author and “Top Chef” judge Toby Young was hit by a car and knocked off his bike in London. It looks like he’s going to be okay, but the picture of his face is kind of gruesome.

FishbowlNY Poll: Will You Buy A Kindle DX?

kindle.jpg Amazon.com revealed a new, bigger Kindle yesterday. But we were wondering, will it sell?

The reviews are mixed — some have called it overpriced — but Amazon is pitching it as the future of the newspaper industry and perhaps its saving grace.

Whether or not that that is true we want you to tell us, will you shell out $489 for a Kindle DX?


Are you going to buy a Kindle DX?(answers)