The world of media and advertising is rapidly changing and accelerating the internationalisation of politics and business. To get the latest updates from this section, bookmark this page or subscribe via RSS at http://theglobalherald.com/section/media-business/feed/.
The Times Publishing Company has finalised a $28 million loan with Crystal Financial LLC in order to “refinance existing debt and to provide incremental liquidity for growth”. The facility matures in December 2016. The Times Publishing Company owns publications that include the Tampa Bay Times and Florida Trend business magazine, as well as websites such … Read more Times Publishing Company Takes $28 Million Loan
Adobe has worked with magazine publishers, MPA – The Association of Magazine Media, Adobe and the American Association of Advertising Agencies (4As) to standardize audience and engagement metrics. Through analytics included with the Adobe® Digital Publishing Suite, Adobe now enables digital magazine publishers to measure: The total number of tablet readers per issue; Total number … Read more Magazine Industry Moves to Standardize Digital Audience Metrics
Modern Times Group has retained the rights for the Barclays Premier League until the end of the 2015 / 2016 season. The broadcasting group already had the tournament’s television rights for Estonia, Latvia and Lithuania and is now confirmed as the supplier in the region for a further three seasons. MTG holds the Baltic rights … Read more MTG Retains Premier League Rights Until 2016
Two of the biggest names in United States newspaper publishing have announced agreements to sell substantial assets within the same week. First, the New York Times Company announced the sale of New England Media Group to an acquisition company owned by John W. Henry. $70 million in cash would be exchanged for The Boston Globe, … Read more Washington Post and Boston Globe Sold to New Owners in Same Week
In a bullish statement on Tuesday, Time Warner informed customers that some CBS programming would no longer be available to Time Warner customers on its service. Time Warner labelled price increases at the broadcaster “outrageous”, “out of line” and “unfair”. In addition to the forceful language, Time Warner also issued a waspish threat to customers … Read more Time Warner Lambasts CBS For Price Hikes, Pulls Stations
News Corporation, the owner of The Sun, The Times, The Australian, Fox News & HarperCollins books, is set to de-list from the London Stock Exchange on 28th June 2013. The change will coincide with a pre-announced decision to split the company between its global entertainment business and its newspapers & books. The first of the … Read more News Corporation to Leave London Stock Exchange on 28th June 2013
George Lucas has sold the company which owns the Star Wars brand to Disney for $4.05 Billion. Disney will take control of Lucasfilm Ltd in return for around 40 million shares and about $2.25 billion in cash. George Lucas will remain as creative consultant on Star Wars: Episode 7 – set for release in 2015. … Read more Disney Buys Lucasfilm for $4.05 Billion
The BBC has won the exclusive broadcasting rights for the Olympic Games in the UK until 2020. The state broadcaster won rights to the XXII Olympic Winter Games (2014) in Sochi, Russia; the Games of the XXXI Olympiad (2016) in Rio De Janeiro, Brazil; and the XXIII Olympic Winter Games (2018) in PyeongChang; as well … Read more BBC Wins Exclusive UK Rights to Olympics Until 2020
Accenture has won a contract from the Ministry of Internal Affairs and Communications to manage the Productive and Reliable Telecommunications Network for Radio (PARTNER) system. The PARTNER system manages radio network administrative functions in Japan such as processing broadcaster license applications and radio frequency management. Since June 2011, Accenture has been developing systems to reduce costs, improve compliance … Read more Accenture Wins Contract to Manage Japanese Radio Licensing
Prompt Communications has won the contract to provide social media services and PR for VistaCloud Ventures’ new game for iOS, Squigs. Originally launched on the Amiga in 1993, Squigs is now available from the Apple Apps Store and has been updated for streamlined use on smartphones. Hazel Butters, CEO of Prompt Communications siad of the … Read more Prompt Communications Wins Squigs Contract
The Australian government spent $116.9 million on advertising across all departments in 2010/11 compared to $114.7 million in 2009-10. The figures were released as part of the Campaign Advertising by Australian Government Departments and Agencies Full Year Report 2010-11, which was presented to parliament in early October. The money was spent on a variety of public information … Read more Australian Government Spent $116.9 million on Advertising in 2010/11
The Boston Globe has followed the New York Times and The Times in stepping behind the digital paywall. Digital subscribers will now have to pay $3.99 per week to access New England news. To soften the blow, Coldwell Banker Residential Brokerage New England are sponsoring a free trial period for the remainder of September. The … Read more The Boston Globe Follows Paid Subscription Trend in News
Scripps Networks Interactive are to buy Virgin Media out of a partnership with BBC Worldwide. Virgin Media and the commercial arm of the BBC currently have a 50/50 stake in UKTV. Scripps Networks Interactive will pay approximately £239 million to purchase Virgin Media’s 50-percent common equity interest in the UKTV partnership and also will pay … Read more Scripps to Buy Virgin Out of Deal with BBC Worldwide for £239 million
Professor Ben Compaine is currently teaching technology entrepreneurship at Northeastern University, Boston, Massachusetts and is a senior consultant for the Innovation International Media Consulting Group. Here he discusses the latest front in the competitive media and entertainment world – online streaming. Is the playing field tilted in BBC Worldwide’s favor in its competition with other … Read more BBC Worldwide Global iPlayer a “No-Brainer” Despite Competition Worries
News Corporation has reported 2011 full year net income at $2.74 billion. Growth in the fourth quarter has been led by the television segment. Fourth quarter total segment operating income was $1.35 billion, a $420 million or 45% increase compared to $932 million reported a year ago. Chairman and Chief Executive Officer Rupert Murdoch said … Read more News Corporation 2011 Net Income $2.74 Billion
