Newsfeed Update: 08.21.12
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Gannett to Buy Ad Firm Blinq Media (Adweek)
Social advertising startups keep selling. The latest is Blinq Media, a social media ad technology player whose suitor is Gannett Co. An all-cash deal, which a source said could be worth as much as $60 million if management hits certain targets in the next three years, is expected to be consummated today.
Amazon Prime Instant Video Beefs Up Content (TechCrunch)
Amazon continues to ramp up the content in its Amazon Prime film catalog to draw users to the premium service, with the latest licensing acquisition expanding its back catalog of sports and documentary content. From today, users of Amazon Prime Instant Video can watch installments of ESPN's 30 for 30 popular series of sports documentaries.
Barnes & Noble Beats Wall Street Predictions (GalleyCat)
Barnes & Noble exceeded Wall Street estimates today, reporting that consolidated revenues had risen 2.5 percent to $1.5 billion in the fiscal 2013 first quarter compared to last year (analysts had predicted $1.48 billion in revenues). As revenues rose, the company reported a net loss of $41 million, declining 28 percent compared to last year. Barnes & Noble College bookstores recorded $221 million in revenues, a two percent decline from last year.