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Posts Tagged ‘Publishers Weekly’

Morning Media Newsfeed: YouTube to Acquire Twitch | Abramson Speaks | Pilhofer to Guardian

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YouTube to Acquire Videogame-Streaming Service Twitch for $1 Billion (Variety)
Google’s YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year. SocialTimes As more consumers cut the cord in search of alternative forms of entertainment, Twitch has experienced impressive growth. In 2013, the service had more unique monthly users than Netflix and Hulu, and it jumped into the top 15 online services recently, passing HBO Go in terms of bandwidth. Mashable More than 1 million gamers broadcast on Twitch each month through Xbox One, PlayStation 4 and their computers; more than 45 million people log on to watch each month. Since its founding in 2011, Twitch has raised more than $35 million in funding. And let’s not forget Twitch Plays Pokémon earlier this year, which was possibly one of the most popular open source gaming experiences ever. GigaOM The Twitch acquisition could help YouTube finally get a foothold in the live video space. Live video has been a complicated subject for YouTube. The video service started to dabble with live streaming all the way back in 2010. In reality, live still doesn’t get big enough audiences to warrant high ad prices, and the fragmented nature of live streaming on YouTube hasn’t made it easier to win over big brands. Twitch has been the one notable exception to this move away from ad-supported live streaming.

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“Vook” Heralds An Era Of Stupid e-Reader Terms

vook_gizmodo.flv.jpg

The New York Times released its list of buzzwords for 2009 last week, including terms people actually used this year, like “birthers” and “I’mma let you finish” (more of a buzzphrase, actually), and ones that literally no one outside of reporters Mark Leibovich and Grant Barrett‘s inner circle have ever used, like “mancession” and “drive like a Cullen.” You know, because in Twilight the Cullen family drives really fast? Nope.

Especially head-scratching was the inclusion of the buzzword “vook” which Barrett describes as “A digital book that includes some video in its text.” We’d give our own opinion on this entry, but Publisher’s Weekly just sums it up so succinctly:

While we are happy to think e-books and multimedia in general have become more a part of Americans’ collective consciousness in 2009, frankly, we’ve never really heard anyone use the term outside of publishing, so we kind of question its “buzz.”

Agreed! In fact, a Google News search reveals that before October, only two or three publications had ever used that term. And while October saw a boost in articles about the multi-media term, the past two months yielded less than four results that didn’t just refer back to this Times article.

So while it may be a buzzword to The New York Times, “vook” is certainly no “Play him off, keyboard cat,” which didn’t even make the list.

Read More: The Buzzwords of 2009New York Times

Two Publishing Terms Among 2009 ‘New York Times’ “Buzzwords”Publisher’s Weekly

RBI Sells Broadcasting & Cable, Multichannel News and TWICE

B&C.jpgReed Business Information has sold three of its business-to-business publications, Broadcasting & Cable, Multichannel News and TWICE to NewBay Media, the publisher of broadcasting b-to-b titles like Television Broadcast and Radio World and an affiliate of private equity firm the Wicks Group.

“With this acquisition NewBay adds significant depth and breadth to its existing portfolio of broadcast properties, including TV Technology and Television Broadcast, and consumer electronic properties, including Residential Systems,” said NewBay CEO Steve Palm in a statement about the deal.

According to a memo sent to staff today by RBI’s CEO John Poulin, obtained by FBNY, staffers at the publications “will remain at RBI as we work with NewBay Media to complete the transition,” although their future at NewBay seems uncertain. A NewBay spokesman told FishbowlNY that he was unaware of the future plans for the brands and their staffs, but a tipster tells us the company will offer jobs to the employees they want to keep by the end of the year. (Know anything? Send us an email or leave a tip in the box on the right.)

Poulin also said the company was continuing to work on finding new homes for the other RBI brands — including Publishers Weekly and Library Journal — that the company has been looking to sell since the summer.

In July, RBI Global CEO Keith Jones revealed that the company was putting nearly 50 of the company’s publications on the block. “We have decided to focus our efforts and investments on a narrower range of brands and markets,” Jones said at the time.

Full memo after the jump

Previously: Breaking: Reed Elsevier To Sell Part Of U.S. Business

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Reed Elsevier And Ian Smith Part Ways

ian_smith_149.jpgIn a plot development straight out of the “Mad Men” season finale, Reed Elsevier, the British parent company of Reed Business Information, has lost its CEO after putting most of its U.S. assets for sale earlier this year.

Ian Smith has spent the last year trying to sell off RBI titles such as Mutichannel News, Tradeshow Week, Professional Builder, Broadcasting & Cable and Publishers Weekly, and though Elsevier released a statement saying the split was amicable, it also mentioned that the company was “not immune from late cycle pressures given the subscription nature of much of the revenue.” Sounds like Smith couldn’t save the company enough money to justify keeping him on.

In the interim, Reed Elsevier’s CEO position will be filled by Erik Engstrom, previously CEO of the Elsevier portion of the publishing house.

Chief Executive Out at Reed ElsevierFolio

Previously: Breaking: Reed Elsevier To Sell Part Of U.S. Business

Former Glamour Reporter Velasquez Picked To Lead Latino News Site

Shirley_Headshot2.jpgMy Latino Voice, a Web site focused on Latino news and culture, has named Shirley Velasquez editor-in-chief.

Velasquez is an award-winning journalist who has worked as a senior reporter at Glamour magazine since 2003. During her time at the Condé Nast pub, Velasquez worked on a number of influential pieces including on story that required her to go undercover as an undocumented factory worker.

She also made news in 2006 over a controversial Q&A with Afghanistan’s president Hamid Karzai, solidifying her reputation as a probing reporter not afraid to ask tough questions or delve into challenging topics — like the poor treatment of women in Afghanistan — even though she worked for a magazine that is considered by many to be merely about fashion.

Throughout her career, Velasquez has also worked for CNN, Ellegirl, Publisher’s Weekly, Latina, Ms. Magazine, InStyle and The South China Morning Post.

“There are so many inspiring and dramatic stories about Latinos that remain untold,” Velasquez said. “My Latino Voice publishes stories that take a 360 degree look at the lives of Latinos in America in a way that nobody else is doing, and I’m thrilled to be a part of it.”

Full release after the jump

Related: Latina Magazine Reclaims Wise Latina Phrase

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O Hires A Bunch Of New Editors

o mag.jpgO, The Oprah Magazine has announced several new hires, filling out the editorial department under new editor-in-chief Susan Casey.

Among the new hires are former Marie Claire executive editor Lucy Kaylin, who has been named deputy editor; Patrick Mitchell, who is taking the role of design director; former Publishers Weekly editor-in-chief Sara Nelson, who has been named books director; former Prevention senior editor Tyler Graham, who will be health and environment editor and Jennifer Rainey Marquez, formerly of Women’s Health, who will take on the role of senior editor.

“As we prepare for O’s tenth anniversary year in 2010, I couldn’t be more pleased that Lucy, Patrick, Sara, Tyler and Jennifer are joining our team,” said Casey, who joined the magazine earlier this summer. “They all come to the magazine with incredible talent and experience in their respective areas and I’m confident they will be a great asset to O as we move into our next phase of growth.”

O also named Dr. Mehmet Oz a contributing editor. He will write a regular health column for the magazine starting with the October issue. The magazine also said that features director Pat Towers will be retiring this month, although she will continue to work on special projects for the magazine.

And in other Oprah Winfrey news, Sirius XM has announced the launch of Winfrey’s exclusive 24/7 Sirius XM radio station. Starting on Monday, episodes of “The Oprah Winfrey Show” will now be broadcast on satellite radio the morning after they air in syndication on TV. The channel will also replay classic “Oprah Show” episodes as well as shows hosted by Gayle King, Dr. Oz, Maya Angelou and sex therapist Dr. Laura Berman.

After the jump, the full release about the O hires, as well as longer bios.

Earlier: Two Magazines Lose Top Talent After Short Tenures

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Breaking: Reed Elsevier To Sell Part Of U.S. Business

pw.pngIn a memo to staffers today, Reed Business Information Global CEO Keith Jones revealed a plan to divest a bulk of the company’s U.S. publications. RBI will hold on to Reed Construction Data US & Canada, RS Means, Variety, Marketcast, LA411 and Buyerzone, Jones said. The rest of the U.S. titles will be sold, including Publishers Weekly, Library Journal, Broadcasting & Cable and Multichannel News.

“We have decided to focus our efforts and investments on a narrower range of brands and markets, and with this in mind we are announcing today our intention to divest a significant part of the RBI US business,” Jones said in his memo. “This has been a difficult decision to reach as there are many strong brands here, with very experienced and professional teams running them, but we have concluded that they are less well suited to RBI’s strategy going forward.”

Jones also added that Tad Smith, CEO of RBI’s U.S. business, has resigned “to pursue a new job challenge.” He will be replaced by EVP and CFO John Poulin, who has been appointed acting CEO.

Jones’ memo is below. We will keep you posted as news develops. And, as always, your tips are welcome.

Update: RBI’s parent Reed Elsevier has put out a statement and a full list of those properties that have been put on the block — nearly 50 publications plus their related international editions and online products. “We have had to contend with a far harsher advertising environment than any of us have experienced before and, in such a climate, we have to focus not just on innovation and efficiency, but also on ensuring that our portfolio is well-matched with our long-term ambitions,” Jones said.

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