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May 2013

Bonnier, Source Interlink Swap MagsEnthusiast publisher Bonnier Corp. continued wheeling and dealing this week with the purchase of a biker gang's worth of motorcycle titles from Source Interlink Media. Together with Bonnier's Cycle World, the new titles will form a new Motorcycle Group. Bonnier is also selling a number of tech and sports enthusiast publications to Source Interlink. Terms of the deals weren’t disclosed. - May 23, 2013 (www.mediapost.com)	T & C
Demand Media Promotes Jeff Dossett to Chief Revenue OfficerDemand Media announced that Executive Vice President, Revenue, Jeff Dossett, has been promoted to Chief Revenue Officer, replacing Demand Medias Chief Revenue & Marketing Officer, Joanne Bradford, who is stepping down to pursue a new opportunity with one of Demand Medias largest publishing partners. - May 23, 2013 (seekingalpha.com)	T & C
Pearson agrees $75 mln settlement in U.S. e-books casePearson's Penguin said it would pay $75 million in damages plus costs and fees as part of an agreement with the United States over alleged price-fixing in the e-book market. Pearson, which will take an extra provision on its accounts this year after setting aside $40 million in 2012, had already reached an agreement with the US Justice Department in the e-book pricing case. - May 22, 2013 (uk.finance.yahoo.com)	E & T
Stambaugh Appointed to Top E-book Position at S&SDoug Stambaugh has been named to the newly created position of v-p, global e-book market development and strategy at Simon & Schuster, reporting to Dennis Eulau. His responsibility will be to help S&S further develop its e-book business "in a manner that best positions us for success in all our markets around the world." - May 20, 2013 (www.publishersweekly.com)	T & C
AOL to cut jobs at PatchAOL Inc. is cutting jobs at Patch, the Internet company's local news network, a company spokesman. Joe Wiggins, a Patch senior publicist, said the reductions will affect "under 3%" of the staff. - May 17, 2013 (www.marketwatch.com)	SAS
Patch CEO Jon Brod Steps DownJon Brod, the CEO of AOL's local content website Patch.com, is stepping down. He will be replaced by Patch.com COO and president Steve Kalin. Brod is going to run AOL Ventures going forward. - May 17, 2013 (pulse2.com)	T & C
Twitter, Facebook and Tumblr try out social networking apps for GlassWhile Google promotes its Glass head-mounted display as a new way for people to receive and document information on the fly, several social networking companies including Facebook, Twitter and Tumblr now want a piece of the action, by offering social applications on the device. - May 17, 2013 (www.cio.com.au)	NEWS
Clarisse Berggardh leaves Sanoma Magazines FinlandClarisse Berggardh steps down as Managing Director of Sanoma Magazines Finland. Chairman of the Board of the company, CEO of Sanoma Media Finland, Anu Nissinen will be the acting Managing Director as of May 17. - May 17, 2013 (news.cision.com)	T & C
Dick Molman announces resignation from SanomaDick Molman, 59, has announced his resignation as CEO of Sanoma Media Netherlands and his departure from the company as of 1 January 2014. Sanoma has announced the search for a successor, who should be appointed later this year. - May 17, 2013 (news.cision.com)	T & C
Bonnier shutters Parenting, BabytalkBonnier Corp. is shutting down Parenting and Babytalk and selling the names and digital brands to Meredith Corp. The move will put about 80 people out of work. - May 14, 2013 (www.nypost.com)	NEWS
Lagardere keeps FY media target as 1Q sales up 3%French media group Lagardere SCA said it maintains its target of recurring earnings before interest and tax, or EBIT, stable to up 5% in its media business this year from the previous as it reported a 3% increase in its first-quarter revenue, mostly lifted by its publishing and its television and internet activities. First-quarter net sales came in at EUR1.63 billion. - May 14, 2013 (www.marketwatch.com)	T & C
Groupon Unveils Groupon POS, An iPad App And Dashboard For On-Site, Mobile PaymentsGroupon is expanding their mobile payment reach with the release of Groupon POS, an iPad-specific version of its mobile payments service aimed at local merchants, working as a dashboard to make and track payments. - May 13, 2013 (www.dailydealmedia.com)	T & C
Amazon launches virtual currency for Kindle Fire usersKindle Fire owners in the US have had 500 new Amazon Coins - worth a total of $5 - deposited into their accounts to mark the launch of the virtual currency for purchasing apps, games and in-app items. Amazon says that its new currency is an easy way for Kindle fire users to purchase apps and in-app items, while for developers it's another opportunity to drive traffic and downloads. - May 13, 2013 (www.finextra.com)	T & C
Demand Media swing to first-quarter profitDemand Media Inc. reported a first-quarter profit of $700,000, or a penny a share, on revenue excluding traffic-acquisition costs of $95.2 million. During the year-ago period, the provider of digital media content and services lost $1.8 million, or 2 cents a share, on revenue of $82.9 million. - May 7, 2013 (www.marketwatch.com)	T & C
Facebook appoints Mendelsohn as European bossFacebook has appointed Karmarama executive chairman and former IPA president Nicola Mendelsohn as its vice president for Europe. She replaces Joanna Shields, who left Facebook's top European job in January to lead the government's investment group for technology startups, The Tech City Investment Organisation. - May 7, 2013 (www.marketingweek.co.uk)	T & C
Discovery Posts Rise In Q1 ProfitDiscovery Communications posted a rise in its profit in the first quarter. Discovery's quarterly revenue climbed 6.5% to $1.156 billion, versus analysts' estimates of $1.51 billion. - May 7, 2013 (www.benzinga.com)	T & C
Amazon launches Android app store in ChinaAmazon.com Inc launched an Android application store that offers paid apps in China, beating Google Inc, as the online retailer seeks to increase the amount of digital content it offers in the world's largest mobile phone market. - May 6, 2013 (www.reuters.com)	T & C
Barnes & Noble integrating Google Play into Nook HD and Nook HD+ tabletsBarnes & Noble is adding Google Play's full complement of videos, music and apps (and ebooks) to its Nook HD and HD+ tablets. The tablets will also include Google services like Gmail, Google Maps, YouTube and the Chrome browser. - May 3, 2013 (gigaom.com)	SAS
LeapFrog Reports First Quarter 2013First quarter 2013 net sales were $82.9 million, up 15% compared to $72.0 million last year, and were not materially impacted by changes in currency exchange rates. - May 2, 2013 (www.leapfroginvestor.com)	T & C
Facebook Reports First Quarter 2013 ResultsFacebook, Inc. reported financial results for the first quarter, which ended March 31, 2013. Revenue for the first quarter totaled $1.46 billion, an increase of 38%, compared with $1.06 billion in the first quarter of 2012. - May 2, 2013 (investor.fb.com)	T & C

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