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Posts Tagged ‘Reddit’

Morning Media Newsfeed: Amazon, Hachette End Dispute | CNN Picks Up Three Originals

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Hachette, Amazon Establish New Multi-Year Contract (GalleyCat)
Hachette Book Group and Amazon have established a new multi-year agreement. The two companies have been locked in a dispute since April. THR The companies have reached a new agreement covering eBook and print sales in the U.S. The two were reportedly in a standoff over eBook revenues, with the online retailer reportedly delaying shipments, reducing discounts and preventing people from preordering Hachette titles. Mashable The dispute began when Amazon stopped taking preorders for Hachette titles. Since that time, the two have dialed up the rhetoric, with Hachette authors Malcolm Gladwell and James Patterson criticizing Amazon, while the online retailer charged that Hachette was “stonewalling” about making a deal. WSJ Neither side claimed victory and it may be that both Hachette and Amazon made concessions in the end. Under the new eBook agreement, which will take effect in early 2015, Hachette will set the prices of its consumer titles. The companies said Hachette will get better terms when it “delivers lower prices for readers.” Amazon said on Thursday it has resumed treating Hachette titles as it did before the dispute. NYT The conflict, which played out in increasingly contentious forums as the year progressed, left wounds too deep for true celebration Thursday. Amazon has been cast as a bully in publications across the ideological spectrum, and a large group of authors is calling for it to be investigated on antitrust grounds. Its sales were hit by the dispute, analysts said. Amazon’s supporters publicly questioned the need for Hachette, the fourth largest publisher, to exist in an era when anyone can publish themselves digitally, an accusation Hachette was reluctant to respond to. And even if Amazon got less in the deal than it originally wanted, it still controls nearly half the book trade, an unprecedented level for one retailer. And the dispute showed it is not afraid to use its power to discourage sales.

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Gawker Editor Kicks OMG, WTF and Other Terms to the CMS Curb

GawkerPoynter’s Andrew Beaujon has the memo from Gawker editor-in-chief Max Read. And may we just say – in the spirit now of #ThrowbackThursday – that said memo is “epic.”

Epic is one of several words no longer welcome in the Gawker Media CMS. From the Beaujon-finagled memo:

We want to sound like regular adult human beings, not BuzzFeed writers or Reddit commenters. Therefore: No “epic.” No “pwn.” No “+1.” No “derp.” No “this”/”this just happened.” No “OMG.” No “WTF.” No “lulz.” No “FTW.” No “win.” No “amazeballs.” And so on. Nothing will ever “win the Internet” on Gawker. As with all rules there are exceptions. Err on the side of the Times, not XOJane.

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Too Many Zooz Rocks Union Square, Reddit

Friday was a BIG day for New York “Brass House” trio Too Many Zooz. Also known as Matt Doe, Leo P and Dave “King of Sludge” Parks.

At one end, their January video of a rip-roaring Union Square subway station performance hit the front page of Reddit. At the other, they were thanking Jimmy Fallon‘s band leader Questlove for having followed them on Twitter.

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Newsweek Staffers Participating in Reddit AMA

The staffers at Newsweek want to hear from you, so they’re going to participate in a Reddit Ask Me Anything tomorrow.

As you know, IBT Media plans to relaunch the print version of Newsweek, which means there will be plenty to talk about. Especially with the news that the magazine’s debut has been pushed back until March.

We’ve already provided you with a list of questions you shouldn’t ask Newsweek staffers (“You know we still have Time, right?”), so please continue to heed that advice. There’s no need to hurt anyone’s feelings. Though if you could ask if they’re going to call it Zombie Newsweek we’d appreciate it.

Meet Reddit’s New Director of Communications

Internet company PR jobs don’t get much better than this. In the sense that alongside Yahoo and a few other very select sites, reddit can be counted on for gargantuan, self-generated publicity momentum.

Victoria Taylor is reddit’s very first director of communications. She started last month and comes by way of ID PR. Per the above, here are some recent reddit numbers:

As of May 2013, reddit had 4.7 billion page views and 71.1 million unique visitors.

Perhaps Taylor can convince one or more of the Hollywood studios to embed the site’s fantastic Ask Me Anything’s (AMA) into the moribund press junket process. FishbowlNY would love to see, in real Four Seasons Hotel time, how questions from the vox populi compare with those of the paid professionals.

This is a newly created reddit position, headquartered in New York. To find out more about Taylor, who grew up in Milwaukee, check out this recent reddit blog post. Meanwhile, our heartiest congrats to her on this fantastic new job.

[Pictured: Taylor's /chooter site avatar]

Highlights from Charlie Rose’s Reddit AMA

It seems like everyone is doing a Reddit Ask Me Anything session lately. The latest media figure to do one is Charlie Rose, so we collected some of the more interesting comments he made today.

Advice for a young person embarking on a broadcast journalism career:

You want to come to the subject matter and try to understand it and explain it. If you can write, that’s the beginning. Second, have some base of curiosity. Third, find a place to stand. Find a place where you can do it. We live in a world where, if you’re good, you can somehow find a way to show it to enough people that if you stand out they will be anxious to know more.

On trying to remain unbiased:

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BuzzFeed is Launching a Business Section

The Wall Street Journal is reporting that BuzzFeed is adding a business section to its wide array of offerings. Ben Smith, editor-in-chief of the site, told the Journal that people love business content and are sharing it more than ever. Therefore, BuzzFeed wants a piece.

To run the new section, BuzzFeed has tapped media reporter veteran Peter Lauria.

Rumor has it BuzzFeed’s top dogs have already sent a memo out asking staffers to scour Reddit for business content to use. We kid! We kid!

David Carr Doing a Reddit AMA Today

David Carr, author and The New York Times’ media maven, is doing a Reddit Ask Me Anything today at 2 pm.

Carr’s last column dealt with the Journal News’ publishing of gun owners’ names and addresses, so maybe come prepared with questions on that. Or anything, as the title of the session indicates.

Nate Silver is Doing a Reddit AMA Right Now

Nate Silver, political stat guru for The New York Times, is doing a “Ask Me Anything” for Reddit right now. Go ask him some questions. Smart ones.

To whet your appetitie, here’s Silver’s take on if he’d ever unveil the formula that he uses:

I’d certainly like to aim to increase the level of disclosure at 538 going forward. Sometimes what happens is that I have best intentions to write a super detailed, 5000-word methodology post, and then some senate candidate does or says something stupid, and I get caught up in the news cycle and it gets forgotten about. Which is a pretty lame excuse, I know. At the same time, 538 is a commercial business and the ability to license proprietary intellectual property is a fairly big part of how I make my living, so the disclosure would probably stop short of outright releasing source code or my database in most cases.

Reddit Might Be Worth $240 Million

Reddit, a site so schizophrenic it can host a chat by President Barack Obama alongside links to cat videos and porn, attracts about 3 billion page views a month. For site that is little more than a collection of message boards, it’s insanely popular. So naturally, people want to know what the site — which is owned by Advance Publications— is worth.

According to Forbes, the number is $240 million:

Advance has recapitalized Reddit, taking the site out of its Conde Nast division and allowing Reddit employees to own a sizable minority of newly issued stock. As part of that recapitalization, Advance bought $20 million of convertible preferred stock in Reddit and put in provisions saying that if Reddit is ever sold for less than $240 million, the conversion terms will be rejiggered so that Advance comes away with a bigger slice of Reddit and employees get less.

Given that Advance bought Reddit for about $5 million in 2006, the company is staring at quite a big payoff should it ever decide to sell.

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