social media watch
Posted by Sheila Shayon on September 26, 2013 12:42 PM
At 4 years old, Pinterest is stepping up and out of the photo-centric ‘virtual pinboard’ model it has risen to success with, adding ads in the form of ‘promoted pins,’ and now article pins to woo publishers and readers.
Pinterest is aggressively seeking to leverage its more than 5 million daily article pins from brands like BuzzFeed for whom the pinboard has become a top traffic referral. The new article pins will give brands the ability to include headlines, authors, story descriptions and links to the source from the pin itself.
“The addition of the more useful article pins is only one of many changes taking place at Pinterest this year, as the company moves to turn its growing traction into a real, monetizable business," TechCrunch notes. “The move to expand the focus to articles and news content, then, could potentially position Pinterest as a modern-day bookmarking tool akin to Delicious, or even a competitor to 'read it later' services like Instapaper or Pocket.”Continue reading...
Posted by Mark J. Miller on September 23, 2013 07:39 PM
It there’s one thing the world needs, it’s another tablet. At least that’s what some executives at Tesco, the world’s third-largest retailer thought. The brand has turned out its own device, the seven-inch Hudl, which is supported by Google’s Android, Reuters reports. The hope is that it “will boost online shopping and drive sales of [Tesco’s] digital entertainment content."
Tesco is doing its best to bounce back from a tough year that saw it combat a global horse meat scandal and failed grocery ventures in the US and China. Unfortunately, the Hudl won't have a much easier road, with such major competitors as Apple, Samsung and Amazon to face. But the retail giant hopes to make inroads in the market with its low-priced offering.Continue reading...
Posted by Sheila Shayon on September 16, 2013 02:49 PM
Maxim Magazine is reportedly heading to television as new owners Darden Media Group aim to launch a Maxim-branded TV channel and an indie music label. The publication will stick around too, as it remains one of the largest men's magazines despite a downturn in circulation and recent cutback from 12 to 10 issues annually.
One pay-TV operator is already on board with two more reportedly in the wings as Darden’s plan to distribute Maxim TV to 35 million households by year’s end comes to fruition. "Although the publishing industry has seen seismic shifts over the past several years, the opportunities to create powerful, transmedia brands that engage consumers and advertisers on multiple platforms is significantly on the rise," Darden said in a press release.
No stranger to programming, Maxim has produced one-off programs for cable including "Hot 100" for VH1, video content for its website and YouTube, apps for mobile and Xbox Live, and has plans to roll out similar apps for PlayStation 3 and set-top devices like Roku.Continue reading...
Posted by Sheila Shayon on September 12, 2013 03:52 PM
The second wheel just fell off the Newsweek/The Daily Beast wagon as Editor in Chief Tina Brown has announced she's leaving to start her own events company.
Her successful stewardship of Vanity Fair and The New Yorker was not replicated in her run with Barry Diller’s InterActiveCorp, who she partnered with in 2008 to found The Daily Beast.
Her new venture, Tina Brown Live Media, will focus on building the Women in the World conference brand that she has run for several years with Diller's wife, Diane von Furstenberg, and Meryl Streep. It “is really a marriage of her commitment to journalism and story telling, its going to be really event orientated," according to a source, Slate reports.
Though now, the future of The Daily Beast is less clear, with Diller already floating the idea of a sale—or worse, a shutdown.Continue reading...
Posted by Sheila Shayon on September 6, 2013 01:42 PM
Yahoo isn't the only one to debut a new logo this week, as Vanity Fair, celebrating its 100th anniversary, has released a tweaked version of its iconic typeface.
Gracing the cover of its commemorative October issue is model of the year Kate Upton, who was captured by famous photographer Annie Leibovitz blowing out a celebratory candle—a pose that mimics the original cover of Dress & Vanity Fair's first issue in October, 1913.
“In an age when nothing seems to last—not convictions, not even cities—a centennial, like the one Vanity Fair celebrates this year, makes me marvel at the simple fact of longevity,” Vanity Fair editor Graydon Carter commented.Continue reading...
Posted by Sheila Shayon on September 2, 2013 03:25 PM
Newsweek has been dying a slow, painful death now for years, but a pair of thirty-something media magnates think they have what it takes to salvage the venerable brand.
Etienne Uzac, CEO of IBT Media, and his business partner, Jonathan Davis, “aspire to leadership of the digital media revolution,” according to CNN. The pair is already well on their way as the owners and co-founders of the International Business Times, among the top .02 percent of global URLs with an audience of over 7 million in the US and 13 million worldwide. IBT Media’s portfolio includes 10 international online news properties such as Medical Daily, Latin Times and iDigitalTimes and publishes in seven languages.
After being sold multiple times, the latest owners acquired Newsweek from Barry Diller's IAC in early August, after a failed merger between The Daily Beast and the once-venerable weekly news magazine saw just about every last supporter abandon the brand.
Even though Diller called his acquisition of Newsweek a "mistake" in a recent interview with Bloomberg, Uzac sees potential beyond the US to grow the Newsweek brand internationally. "We plan on deepening the current relationships and potentially adding more global partners," he told Ad Age.Continue reading...
Posted by Sheila Shayon on August 19, 2013 04:47 PM
Following its July merger, which formed the most dominant publishing house in the business, Penguin Random House has continued to looking beyond books into opportunities in TV and film—agendas that the once competing companies pursued individually prior to coming under the same roof.
The newly-formed company's first co-produced TV project, Heartland Table, will debut on the Food Network on Sept. 14, featuring up-and-coming chef Amy Theilen, whose debut cookbook, "The New Midwestern Table," will be released 10 days later.
The move towards content diversification began in 2005 when Random House formed a film unit, which was followed up last year with the creation of a TV division. Random House Studio has so far produced two feature films: 2007's Reservation Road and 2011's One Day. While Reservation Road was a loss, and One Day is yet to be profitable, the films spurred book sales, with Nicholls' "One Day" selling over one million copies each in the US and Germany.
"It launched David Nicholls as a major commercial novelist—which will, of course, help us now with his future novels," Peter Gethers, editor at large for Random House, told the Wall Street Journal.Continue reading...
Posted by Adeline Chong on August 14, 2013 04:49 PM
Just like the beloved snack cake Twinkies was rescued from the depths of its owner's bankruptcy, Borders, a longtime staple among US retail bookstores, is getting a new chance at life thanks to a few global bookstore lovers that snatched up trademarks and intellectual property rights at auction after the brand went bust in 2011.
When it was announced recently that Borders would resurface in Singapore before the year's end, book lovers and sellers alike greeted the news with cautious optimism. After all, Borders Singapore—which had operated under the independent Borders Asia Pacific—quickly became one of Singapore's most iconic and loved bookstores when it opened in 1997—even emerging as the group's best performing outlet in 2006—but it quickly met its demise in September 2011 after its owner, Australia's Redgroup Retail, fell to a similar fate as its US counterpart.
In Singapore, the store's demise then seemed inevitable, bankruptcy or not, as loyal customers became disgruntled at the deep discounts offered to non-members and customers at large were baffled by the store's poor book selection and foray into non-book items like toys and cookware. The frequent sales also created a discount mentality amongst customers, eating into margins. Globally, the group's late foray into e-books and its big push into sunset product categories such as music CDs were also cited for its demise.Continue reading...