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paidContent.org -
17 hours and 9 minutes ago
pa href="http://paidcontent.org/images/uploads/newyorker_screenshot.jpg"img
src="http://paidcontent.org/images/uploads/newyorker_small.jpg" alt="image" border= "0"
align="right" width="240" height="144" //aArianna Huffington's had cameo appearances in iThe New
Yorker/i before, but the Oct. 13 issue is a
href="http://www.newyorker.com/reporting/2008/10/13/081013fa_fact_collins?currentPage=all"
title="pure star treatment"pure star treatment/a—all 10,279 words (if my word
count check is on target) and a full-length photo. Star doesn't mean glowing but it does run a
little gushy at times, leavened by lots and lots of details. Pour some ouzo or make a nice pot of
tea because this one will take you a while.nbsp; One quick Huffington Post-related excerpt: /p p
"The site has been a triumph. Since the launch, Huffington and Lerer have raised eleven million
dollars. This year, they began to hire reporters and started a local bureau in Chicago; at the
Democratic National Convention, they set up a lounge, providing free yoga lessons and facials to
conventioneers. (And, presumably, to potential buyers. A recent Times article cited a sale-price
estimate of the company at two hundred million dollars, though Huffington says that there are no
immediate plans to sell.)" br / /p piSocial Media Deals Report: This 199-page report, filled with
charts and data, examines the categories, number and size of VC and MA deal in social media from
2007 through 2008. stronga href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports
page/a/strongi/p pa href="http://feeds.feedburner.com/~a/pcorg?a=cFRTQ6"img
src="http://feeds.feedburner.com/~a/pcorg?i=cFRTQ6" border="0"/img/a/pdiv class="feedflare" a
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paidContent.org -
1 days and 18 hours ago
pimg src="http://paidcontent.org/images/uploads/photo_apatricof.jpg" alt="image" align="right"
width="150" height="188" /And while Sequoia and other left-coast VC firms are asking their firms to
tighten up, and a
href="http://venturebeat.com/2008/10/10/the-sequoia-rip-good-times-presentation-get-your-copy-here/"
title="strategically leaking"strategically leaking/a their own advice about surviving the economic
downturn (nevermind their investments into some ridiculous companies that don't need to survive
this anyway), our own former investor bAlan Patricof/b, founder and managing director of Greycroft
Partners, is asking for some restraint in the doom and gloom. His main advice: "This is not a time
to panic, cut off all investment in the future, and burrow into a dark hole." The full statement
from Patricof, below: /p p "The comments made by the partners of Sequoia Capital at their recently
held 'CEO Summit' have been widely covered by leaks to numerous bloggers.nbsp; These bloggers have
disseminated the details and spread the contagion of the sentiments to the public at large,
unfortunately running the risk that the words become a self-fulfilling prophesy.nbsp; Without
challenging the comments, which expressed a heightened degree of doom and gloom for the economic
prospects of young start-up companies particularly, I do think it calls for a somewhat more
restrained response on the outlook and required action before throwing the baby out with the bath
water.nbsp; Certainly, we are going through a period of enormous economic and political
uncertainty.nbsp; The loss of confidence, primarily in our financial system, as a result of the
excess of the past five to ten years (if not longer - we may never know how long some of the flawed
practices have been going on) is one of the leading contributors.nbsp; We are also at the moment
looking for leadership on the political front and both because of very low public support for the
President and because we are in the midst of a heated election for his successor, we have no real
voice of authority to provide some guidance, reassurance, and inspirational confidence that the bus
has a driver who knows where he is going. /p p Nevertheless, aside from an over inflated housing
boom that had to collapse sooner or later and a complicated financial system that arose in part to
fuel this engine, the basic economy was in reasonable shape with GNP growth and productivity gains
supporting a solid, if not vibrant outlook.nbsp; (I know the automotive industry is also going
through bad times but it no longer pervades the economy as once conveyed in the expression "As GM
goes, so goes the nation.") bLots more in extended entry/b... br / /pp Advances in technology are
allowing companies to make goods and provide services faster and cheaper.nbsp; The wireless
revolution and the Internet have made the dissemination of information easier and more pervasive
for the entire world and brought significant benefits to every phase of our economy.nbsp; That is
not going to stop although it may temporarily slow down.nbsp; In these difficult times, there will
be winners as well as losers (and the former may be fewer in number for a while). /p p The point
is, the financial problems are being addressed, if not a bit belatedly, and some international
mechanism will be found in short order for some coordinated policy that will restore order and
confidence to the system. /p p Most young companies, with which we are specifically concerned, are
financed with equity capital.nbsp; That has its positives and negatives; on the one hand, debt is a
very small factor in the capital structure of most small companies so loan foreclosures and the
interest rate burden are not of prime concern. On the other hand, equity capital, which is provided
by private investors, requires confidence in future prospects for reaching profitability and
creating a strong market value.nbsp; Certainly under current conditions it is hard to engender such
confidence although history has demonstrated that it is in times like these that great
opportunities are created.nbsp; I have always said, "The best time to invest is when the drums are
beating, not when the trumpets are blaring!" /p p This is surely a time for companies to pay
meticulous attention to detail, particularly their cost structure. It is a time to be realistic in
their near term assumptions for revenue growth and take nothing for granted.nbsp; Raising
additional capital to support operations is of course critical, as it is at any time, but this is
particularly a time for young companies to be extra cautious in developing pragmatic assumptions of
their needs and in focusing on the amount and not necessarily the cost of that capital. /p p This
is not a time to panic, cut off all investment in the future, and burrow into a dark hole.nbsp;
Take a page from the packaged goods industry that the time to gain market share is during tough
times when your competitors are weaker in responding.nbsp; And while this may feel more directly
related to portfolio companies, we as a venture industry should not retreat either.nbsp; It is our
strong belief that we can and will continue to make sound investments in excellent
opportunities.nbsp; It is as good a time as ever to start a company with sound fundamentals. /p p
So my point is to heed the caution of the Sequoia comments but to use them only as a strong message
to reexamine all cost elements and growth plans and use this opportunity to assure that you are a
survivor.nbsp; Find a way to use this moment to gain your greater share of the market by providing
a solution that is needed by others to improve their prospects in the difficult environment
ahead.nbsp; Tighten your belt and live within your means.nbsp; Although the timing makes this
message seem more prescient, it is a philosophy that works for successful companies at all times
and at all stages; it is simply put, good business.nbsp; This is not a time for heroes!" /p
piEconWomen, Oct. 29, 2008 | Edison Ballroom | New York City Our panels are jam-packed with top
women’s media executives. Register: a
href="http://econwomen-RSS.eventbrite.com"http://econwomen.eventbrite.com/a/i/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=zRC6vD"img
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paidContent.org -
1 days and 18 hours ago
pWe reported a
href="http://www.paidcontent.org/entry/419-fast-company-lays-off-20-digital-takes-big-hit-sussman-out/"
title="earlier today"earlier today/a about Fast Company's merging digital with print operations,
and Ed Sussman, the president of Mansueto Digital, leaving as a result. He is now starting a new
company, as yet unnamed, that will take the Drupal publishing platform, build on top of it, and
help other online publishers develop sites. I spoke to him a bit earlier on this today. /p p He is
tying up with two other companies in the sector: a href="http://www.lullabot.com/"
title="Lullabot"Lullabot/a, a web dev company working with Drupal, and a
href="http://bondartscience.com/" title="Bond Art + Science"Bond Art + Science/a, a web design
agency based in NYC and founded by Jeff Dachis, the former founder of Razorfish. For now, the
project is self funded among these partners. /p p Both companies partnered with FC on the
development of the new FastCompany.com site, which was relaunched on Drupal earlier this year with
an intent to make it more social. Taking lessons from that experience, the new company will be
launching a platform for groups, individuals and businesses to create social websites. The intent
is taking the power of the rather complex module structure of Drupal, and develop easy
drag-and-drop tools on top of them, for users to develop beyond blog sites. He told me it will take
another three months for the project to go into private alpha, so this is a bit far out. /p p Of
course the competition in this rather generic sector is fierce, from all kinds of social networking
and web publishing plays, including Ning, Kickapps, Wordpress, and plenty of others. With an
economy in a tailspin, who needs another easy-to-use web publishing tool, powerful or otherwise?
Too early and easy to say without actually testing out the platform, but we'll find out... /p p
It's also not the first time someone's trying to commercialize the Drupal platform. Late last year
Acquia raised a $7 million first round to commercially develop Drupal, though that is more on the
enterprise side of things. /p pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-acquia-raises-7-million-first-round-for-commercialization-of-drupal-pub"
title="Acquia Raises $7 Million First Round For Commercialization Of Drupal Publishing
Platform"Acquia Raises $7 Million First Round For Commercialization Of Drupal Publishing
Platform/a/li lia
href="http://www.paidcontent.co.uk/entry/419-drupal-forms-commercial-wing-to-sell-extra-services-to-publishers"
title="Drupal Forms Commercial Wing To Sell Extra Services To Publishers"Drupal Forms Commercial
Wing To Sell Extra Services To Publishers/a/li /ul piOur mobile application for Blackberry and
other Smartphones brings you the latest headlines when you're on the go. Go a
href="http://m.paid.mwap.at/"here to download/a./i /p pa
href="http://feeds.feedburner.com/~a/pcorg?a=6wjTT7"img
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src="http://feeds.feedburner.com/~r/pcorg/~4/417274955" height="1" width="1"/

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paidContent.org -
1 days and 20 hours ago
pLayoffs at Mansueto Ventures, specifically the digital side of Fast Company, the result, we're
told, of a decision to fold Mansueto Digital into the company's print operations. At the same time,
digital head Ed Sussman is leaving to be CEO at a start-up. (More on that to come.) Twenty
employees, primarily in online and marketing, have been laid off, according to a
href="http://valleywag.com/5061910/fast-company-publisher-to-lay-off-20"
title="Valleywag"Valleywag/a. Earlier this year, Fast Company ramped up on digital, hiring
high-profile Robert Scoble and launching a href="http://www.fastcompany.tv/" title="Fast Company
TV"Fast Company TV/a. At the same time, Fast Company launched a sweeping social media initiative.
Scoble stays on but will report to Fast Company magazine editor Bob Safian, who adds responsibility
for a href="http://www.fastcompany.com" title="fastcompany.com"fastcompany.com/a. Scoble a
href="http://scobleizer.com/2008/10/10/economic-crisis-hits-home/" title="wrote about the
news"wrote about the news/a this afternoon. /p piEconWomen, Oct. 29, 2008 | Edison Ballroom | New
York City Our panels are jam-packed with top women’s media executives. Register: a
href="http://econwomen-RSS.eventbrite.com"http://econwomen.eventbrite.com/a/i/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=JTjISY"img
src="http://feeds.feedburner.com/~a/pcorg?i=JTjISY" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=Qma8M"img
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href="http://feeds.feedburner.com/~f/pcorg?a=sM6iM"img
src="http://feeds.feedburner.com/~f/pcorg?i=sM6iM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=PIVHm"img
src="http://feeds.feedburner.com/~f/pcorg?i=PIVHm" border="0"/img/a a
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href="http://feeds.feedburner.com/~f/pcorg?a=7zdnM"img
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src="http://feeds.feedburner.com/~r/pcorg/~4/417199113" height="1" width="1"/

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paidContent.org -
1 days and 21 hours ago
pIt looks to be a brutal Q3 reporting season: Both Viacom (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=VIA" class="ticker"
title="VIA"NYSE: VIA/a) and CBS Corp (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=CBS" class="ticker"
title="CBS"NYSE: CBS/a). have cut their respective outlooks, warning investors that they have been
taking a hit on the ad slowdown and the wider economic pain touching all businesses right now. /p p
-- a href="http://www.reuters.com/article/hotStocksNews/idUSTRE4997IO20081010"
title="Reuters"Reuters/a: Viacom's Q3 earnings will come in at least 10 percent short of Wall
Street estimates. The company pinned the decline on the worsening ad revenue picture. That news
quickly shot Viacom's stock down 20 percent. Viacom Chief Executive Officer Philippe Dauman issued
a statement saying the media giant, which owns MTV Networks and Paramount, was "moderating our
near-term targets" in light of the dismal economy. In its Q2 earnings report, Viacom pointed to
both retail and automotives categories as the reason for lower than expected revenues at its cable
TV properties. While they held back on strong prediction for Q3, it's clear they couldn't foresee
how bad things have gotten. Neither have financial analysts, who keep a
href="http://www.paidcontent.org/entry/419-ubs-lowers-q3-estimates-for-online-ad-revenues-offline-still-looks-wors"
title="revising their forecasts downward"revising their forecasts downward/a. /p p -- a
href="http://www.marketwatch.com/News/Story/Story.aspx?guid={E5C5161C-1780-473B-B26B-98E7E41EDDE8}siteid=nbih"
title="Marketwatch"Marketwatch/a: CBS also attributed the current troubles to tightening ad
budgets, saying it was blowering its outlook for the year and taking a $14 billion charge/b. That
announcement send CBS shares down 14 percent. CBS said it now expects its third-quarter earnings
excluding special items to be between 42 and 44 cents a share, compared to 51 cents a share in
Q307.nbsp; /p piEconWomen, Oct. 29, 2008 | Edison Ballroom | New York City Our panels are
jam-packed with top women’s media executives. Register: a
href="http://econwomen-RSS.eventbrite.com"http://econwomen.eventbrite.com/a/i/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=91C6k9"img
src="http://feeds.feedburner.com/~a/pcorg?i=91C6k9" border="0"/img/a/pdiv class="feedflare" a
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src="http://feeds.feedburner.com/~f/pcorg?i=6kQqM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=HIz8M"img
src="http://feeds.feedburner.com/~f/pcorg?i=HIz8M" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=aQVGm"img
src="http://feeds.feedburner.com/~f/pcorg?i=aQVGm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=hinOM"img
src="http://feeds.feedburner.com/~f/pcorg?i=hinOM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=4xfOM"img
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src="http://feeds.feedburner.com/~r/pcorg/~4/417128410" height="1" width="1"/

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paidContent.org -
1 days and 22 hours ago
pUniversal Music Group CEO Doug Morris can never be accused of being shy, or, putting his foot in,
oh well...in an a
href="http://www.billboard.biz/bbbiz/content_display/industry/e3i69c4daba6cf2b7e56b25cc4576455e6f"
title="extensive interview with Billboard"extensive interview with Billboard/a, he talks about the
digital piracy issues, UMG's efforts in digital music, working with YouTube and its plans for a
Hulu-like music video site, and other issues. He has a
href="http://www.billboard.biz/bbbiz/content_display/industry/e3i39aca7c440d50caaa5f088f865f93012"
title="just reupped long term"just reupped long term/a as the CEO with the world's largest record
label. /p p -- bOn a Wired story a
href="http://www.wired.com/entertainment/music/magazine/15-12/mf_morris" title="ridiculing
him"ridiculing him/a and generally being considered the enemy/b: "They were trying to make fun of
me because I'm older and because I come from a different era. But...there's a couple of things that
just don't change..They're so entranced and enthralled by all the shiny, new technology, they don't
understand that it doesn't work unless you have music that people want. No one's going to download
music they don't like." /p p -- bOn stopping piracy/b: "My whole point of view is this problem
we're in, which is caused by technology, bwill be solved by technology/b. Some genius on the other
side will figure out how to stop the piracy that seems very logical to me. So all these people who
come up with these opinions that they should have done this and that, it's all ridiculous." /p p --
bOn taking equity stakes in music startups like Buzznet and MySpace's new venture/b: "No one's
going to build a business off our backs if I can help it without us being part of it. It's just not
fair... It's better than having a company like bMTV, where we gave them our music for very little
money and they built a $30 billion company/b or whatever it was for nothing." /p p -- bOn a
Hulu-like online music video site/b: If we do that, bit will be January. If we renew the [YouTube]
deal, we wouldn't do that/b. The odds are that we will have a deal with the participation of
another label. With YouTube, the quality isn't great; it gets low [cost per thousand]. On the other
hand, more professional [services] get a higher CPM. /p p -- bSmartest person in music industry/b:
Steve Jobs. "He came back stronger and smarter than anyone has ever done in any industry....We work
with him and we try and get what we want with him and I'm sure we aggravate the hell out of him
sometimes, but when you look at the whole picture, bwe make a lot of money through iTunes/b. We
consider him a friend . . . I talk to him about once a month." /p piSocial Media Deals Report: This
199-page report, filled with charts and data, examines the categories, number and size of VC and MA
deal in social media from 2007 through 2008. stronga
href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports page/a/strongi/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=XWz1R2"img
src="http://feeds.feedburner.com/~a/pcorg?i=XWz1R2" border="0"/img/a/pdiv class="feedflare" a
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src="http://feeds.feedburner.com/~r/pcorg/~4/417078785" height="1" width="1"/

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paidContent.org -
1 days and 23 hours ago
pTop headlines of the week from our sister sites mocoNews and paidContent:UK: /p p a
href="http://www.moconews.net"img
src="http://www.paidcontent.org/_share/img/moconews-logo-small.gif" border="0"
align="right"/abmocoNews/b: br / -- a
href="http://www.moconews.net/entry/419-tech-startups-told-to-cut-back-spending-analysts-say-downturn-will-hit/"
title="Tech Startups Told To Cut Back Spending; Analysts Say Downturn Will Hit Wireless
Industry"Tech Startups Told To Cut Back Spending; Analysts Say Downturn Will Hit Wireless
Industry/a br / -- a
href="http://www.moconews.net/entry/419-interview-andrew-fisher-ceo-of-shazam/" title="Interview:
Andrew Fisher, CEO, Shazam; "Not Just For Pub Quiz Night""Interview: Andrew Fisher, CEO, Shazam;
"Not Just For Pub Quiz Night"/a br / -- a
href="http://www.moconews.net/entry/419-verizon-to-begin-charging-companies-3-cents-per-text-message/"
title="Verizon Will Charge Companies 3 Cents Per Text Message Sent To Their Subscribers"Verizon
Will Charge Companies 3 Cents Per Text Message Sent To Their Subscribers/a br / -- a
href="http://www.moconews.net/entry/419-verisign-exits-mobile-sells-remaining-stake-in-jv-to-news-corp-for-200-/"VeriSign
Exits Mobile Content; Sells Remaining Stake In JV To News Corp For $200 Million/a br / -- a
href="http://www.moconews.net/entry/419-rim-launches-touchscreen-blackberry-storm/"RIM Launches
Touchscreen Blackberry Storm/a /p p a href="http://www.paidcontent.co.uk"img
src="http://www.paidcontent.org/_share/img/pcuk-logo-small.gif" border="0"
align="right"/abpaidContent:UK/b: br / -- a
href="http://www.paidcontent.co.uk/entry/419-news-internationals-solution-to-readership-downturn-invest-in-print/"News
International's Solution to Readership Downturn? Invest In Print/a br / -- a
href="http://www.paidcontent.co.uk/entry/419-askcom-aims-for-more-relevance-more-engagement-with-latest-revamp-more-/"Ask.com
Aims For More Relevance, More Engagement With Latest Revamp; More Users Wouldn't Hurt/a br / -- a
href="http://www.paidcontent.co.uk/entry/419-online-ad-spend-exceeds-expectations-rises-21-percent-in-h108-iab-uk/"Online
Ad Spend Exceeds Expectations, Rises 21 Percent In H108: IAB UK/a br / -- a
href="http://www.paidcontent.co.uk/entry/419-times-online-reshuffles-senior-editorial-staff-scraps-online-editor-job/"Times
Online Reshuffles Senior Editorial Staff, Scraps Online Editor Job/a br / -- a
href="http://www.paidcontent.co.uk/entry/419-newsquest-axing-staff/"Newsquest Cutting Print Staff,
Adding 'Multimedia Journalists'/a /p p iJoin us for a href="http://www.fobmconference.com/"FOBM/a,
a href="http://www.contentnext.com/econsports/"EconSports/a and a
href="http://www.contentnext.com/econwomen/"EconWomen/a in NYC on Oct. 28-29. Econ combos are
available for $500 and a ticket for all three events are $999./i /p piRegister for Future of
Business Media: a href="http://fobm2008-front.eventbrite.com"http://fobm2008.eventbrite.com/a/i/p
pa href="http://feeds.feedburner.com/~a/pcorg?a=EYJjLI"img
src="http://feeds.feedburner.com/~a/pcorg?i=EYJjLI" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=KTSsM"img
src="http://feeds.feedburner.com/~f/pcorg?i=KTSsM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=2OKHM"img
src="http://feeds.feedburner.com/~f/pcorg?i=2OKHM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=6mbLm"img
src="http://feeds.feedburner.com/~f/pcorg?i=6mbLm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=kl4iM"img
src="http://feeds.feedburner.com/~f/pcorg?i=kl4iM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=pwRUM"img
src="http://feeds.feedburner.com/~f/pcorg?i=pwRUM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/417078784" height="1" width="1"/

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pa href="http://www.youtube.com/" title="YouTube"YouTube/a, hoping to counter the competition from
sites like the NBC/News Corp. JV a href="http://www.hulu.com" title="Hulu"Hulu/a, has started
running full-length episodes of CBS (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=CBS" class="ticker"
title="CBS"NYSE: CBS/a) programming. Executives at the Google-owned video site a
href="http://www.reuters.com/article/marketsNews/idINN1037791320081010?rpc=44" title="told
Reuters"told Reuters/a that CBS would handle ad sales for its shows and share the revenue with
YouTube. The breakdown of the split wasn't disclosed. YouTube also indicated that a similar deal
was in the works with "another major network." In the meantime, CBS does not have a programming
deal with Hulu, although the video site does direct users who search for that network's shows back
to the CBS site. /p p CBS has one of the most subscribed channels on YouTube, with 83,000 users
signed up. The channel debuted two years ago and has recorded 4.2 million views. There are only
four CBS shows currently available in the full-episode mode on YouYube-- iBeverly Hills 90210/i,
iStarTrek: The Original Series/i, iThe Young and the Restless/i and iMacGyver/i. /p
pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-youtube-adds-affiliate-links-to-its-videos-amazon-and-itunes-downloads"
title="YouTube Adds Affiliate Links To Its Videos; Amazon and iTunes Downloads"YouTube Adds
Affiliate Links To Its Videos; Amazon and iTunes Downloads/a/li lia
href="http://www.paidcontent.org/entry/419-youtube-video-ads-goes-post-roll-ad-overlays-are-not-enough"
title="YouTube Video Ads Goes Post-Roll; Ad Overlays Are Not Enough"YouTube Video Ads Goes
Post-Roll; Ad Overlays Are Not Enough/a/li /ul piOn October 29 at the Edison Ballroom in New York
City, EconSports will delve into everything: the complicated economics of league rights, data
business, syndication, exclusivity, premium and more. Register for Econsports: a
href="http://econsports.eventbrite.com"http://econsports.eventbrite.com/a/i/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=LXnNsF"img
src="http://feeds.feedburner.com/~a/pcorg?i=LXnNsF" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=EFcGM"img
src="http://feeds.feedburner.com/~f/pcorg?i=EFcGM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=YHUrM"img
src="http://feeds.feedburner.com/~f/pcorg?i=YHUrM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=wWXNm"img
src="http://feeds.feedburner.com/~f/pcorg?i=wWXNm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=kUoLM"img
src="http://feeds.feedburner.com/~f/pcorg?i=kUoLM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=FAhYM"img
src="http://feeds.feedburner.com/~f/pcorg?i=FAhYM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/417039263" height="1" width="1"/

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pThe Associated Press, source of so much of today's financial news, is doing a little in-house
education on its own finances. In a a href="http://poynter.org/forum/view_post.asp?id=13640"
title="memo to staff"memo to staff/a sent out yesterday and posted today on Romenesko, AP assured
staff it's on a "solid financial footing" with a positive cash flow but is taking steps to keep
spending "in line" including a company-wide strategic hiring freeze, which we will re-examine
regularly." It also sought to reassure staff on the status of its retirement funds but suggested
that staffers directing their own investment plans diversify. /p p -- bAP's revenue mix/b: Yes,
it's more diversified than ever but newspapers still make up 25 percent of AP's revenue and the
controversial change in rate structure we've been writing about here. "With the heavy economic
difficulties the media industry is facing, and the new rate structure being rolled out to our
newspaper members under Member Choice, we are facing a challenging 2009. bWe remain financially
secure, but our cash flow will be affected/b and, as a result, we will be cautious with new
initiatives while looking for opportunities to economize." br / /p pstrongRelated/strong/p ul
class="related" lia
href="http://www.paidcontent.org/entry/419-editors-on-singleton-sure-were-concerned-about-costs-but-were-the-ones-"Editors
On Singleton: Sure, We're Concerned About Costs—But We're The Ones Getting
Whipped/a/li lia
href="http://www.paidcontent.org/entry/419-ap-asks-publishers-to-re-sell-its-content-will-share-revenue/"AP
Asks More Publishers To Re-Sell Its Content, 50/50 Rev Share/a/li lia
href="http://www.paidcontent.org/entry/419-ap-challenges-grow-as-cost-cutting-papers-look-for-line-items-to-slash/"AP
Challenges Grow As Cost-Cutting Papers Look For Line Items To Slash/a/li lia
href="http://www.paidcontent.org/entry/419-interview-tom-curley-ceo-associated-press/"Interview:
Tom Curley, CEO, Associated Press; Portals, Local Content—'The Mother of all
Battles'/a/li /ul piOur mobile application for Blackberry and other Smartphones brings you the
latest headlines when you're on the go. Go a href="http://m.paid.mwap.at/"here to download/a./i /p
pa href="http://feeds.feedburner.com/~a/pcorg?a=hqEAxs"img
src="http://feeds.feedburner.com/~a/pcorg?i=hqEAxs" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=GtNJM"img
src="http://feeds.feedburner.com/~f/pcorg?i=GtNJM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=4NcrM"img
src="http://feeds.feedburner.com/~f/pcorg?i=4NcrM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=REFpm"img
src="http://feeds.feedburner.com/~f/pcorg?i=REFpm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=TVLSM"img
src="http://feeds.feedburner.com/~f/pcorg?i=TVLSM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=FyApM"img
src="http://feeds.feedburner.com/~f/pcorg?i=FyApM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416994296" height="1" width="1"/

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pimg src="http://paidcontent.org/images/uploads/cosmogirl.gif" alt="image" align="right" border="0"
width="170" height="108" /Magazines may have been weathering the economic downturn better than
newspapers, but the current upheaval in the financial markets makes it only more likely that
survival will be more difficult. And so, in advance of an increasingly pessimistic outlook, Hearst
has decided to shutter iCosmoGirl/i magazine, the second mag the publisher has closed this year, a
href="http://www.portfolio.com/views/blogs/mixed-media/2008/10/10/hearst-folds-cosmogirl"
title="Portfolio reported"Portfolio reported/a. In a statement, Hearst said that its teen
publishing activities into iSeventeen/i, it's premiere title in that area. While iCosmoGirl's/i
December issue will be its last, it will continue on as a web-only publication. /p p It will remain
part of the Hearst Teen Network of websites, which includes a href="http://www.seventeen.com"
title="Seventeen.com"Seventeen.com/a, a href="http://www.teenmag.com"
title="Teenmag.com"Teenmag.com/a, a href="http://www.eSpin.com" title="eSpin.com"eSpin.com/a, a
href="http://www.MyPromStyle.com" title="MyPromStyle.com"MyPromStyle.com/a, and a
href="http://www.MisQuinceMag.com" title="MisQuinceMag.com"MisQuinceMag.com/a. The move follows a
similar one taken by Time Inc., which closed iTeen People/i as a print property this summer, while
continuing its existence in an online-only version. /p pstrongRelated/strong/p ul class="related"
lia
href="http://www.paidcontent.org/entry/419-hearst-digital-partners-with-sheknows-not-just-about-portals-anymore"
title="Hearst Digital Partners With SheKnows: Not Just About Portals Anymore"Hearst Digital
Partners With SheKnows: Not Just About Portals Anymore/a/li lia
href="http://www.paidcontent.org/entry/419-online-mags-experience-limited-success-in-luring-print-subscribers-repo"
title="Online Mags Experience Limited Success In Luring Print Subscribers: Report"Online Mags
Experience Limited Success In Luring Print Subscribers: Report/a/li lia
href="http://www.paidcontent.org/entry/hearst-magazines-revamps-mobile-sites-for-lifestyle-titles-embraces-ad-fund"
title="Hearst Magazines Revamps Mobile Sites For Lifestyle Titles, Embraces Ad-Funded
Approach"Hearst Magazines Revamps Mobile Sites For Lifestyle Titles, Embraces Ad-Funded
Approach/a/li /ul piA Complimentary Webinar from Innodata Isogen--bBeyond Cost Arbitrage: Best
Practices for Delivering Large-Scale Editorial Outsourcing Services/b. a
href="http://content.adbureau.net/accipiter/adclick/CID=000010470000000000000000/SITE=TEST/AAMSZ=SPONPOST_NEWS/MONTH=SEP/relocate=http://www.innodata-isogen.com/knowledge_center/editorial_outsourcing?bdls=16267"Register
now/a/i./p pa href="http://feeds.feedburner.com/~a/pcorg?a=dlVQ7R"img
src="http://feeds.feedburner.com/~a/pcorg?i=dlVQ7R" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=1YBOM"img
src="http://feeds.feedburner.com/~f/pcorg?i=1YBOM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=HpWjM"img
src="http://feeds.feedburner.com/~f/pcorg?i=HpWjM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=3KMbm"img
src="http://feeds.feedburner.com/~f/pcorg?i=3KMbm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=Zq6bM"img
src="http://feeds.feedburner.com/~f/pcorg?i=Zq6bM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=iJUyM"img
src="http://feeds.feedburner.com/~f/pcorg?i=iJUyM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416957060" height="1" width="1"/

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2 days and 1 hours ago
pA link bait if there ever was one, and a flawed one at best, but then, always fun for the rest of
us: a href="http://news.cnet.com/8301-17939_109-10063020-2.html?part=rsssubj=newstag=2547-1_3-0-20"
title="a list of 11 online companies"a list of 11 online companies/a that may be in trouble in
short to medium term as the economy falls apart: the first 10 are actually decent MA targets, and
the last one, MySpace, is surely not in any imminent trouble. And with around $900 million in
revenues, it is not going anywhere anytime soon. The interesting part is the first-gen companies
like Skype, Ask.com and if they will make the cut in the long run... /p piSocial Media Deals
Report: This 199-page report, filled with charts and data, examines the categories, number and size
of VC and MA deal in social media from 2007 through 2008. stronga
href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports page/a/strongi/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=dx6JTt"img
src="http://feeds.feedburner.com/~a/pcorg?i=dx6JTt" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=O5YPM"img
src="http://feeds.feedburner.com/~f/pcorg?i=O5YPM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=htggM"img
src="http://feeds.feedburner.com/~f/pcorg?i=htggM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=qrzJm"img
src="http://feeds.feedburner.com/~f/pcorg?i=qrzJm" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=d3ZhM"img
src="http://feeds.feedburner.com/~f/pcorg?i=d3ZhM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=Lmo8M"img
src="http://feeds.feedburner.com/~f/pcorg?i=Lmo8M" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416957061" height="1" width="1"/

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2 days and 2 hours ago
pAt the rate it is going, $15 per share might sound enticing to Yahoo (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=YHOO" class="ticker"
title="YHOO"NSDQ: YHOO/a) after a while. A small Yahoo investor a
href="http://www.mithrascapital.com/" title="Mithras Capital"Mithras Capital/a has put out a
proposal asking MSFT to rebid for the company at $22 a share, a
href="http://www.reuters.com/article/innovationNews/idUSTRE4990IN20081010?sp=true" title="reports
Reuters"reports Reuters/a. As part of a proposed deal, Microsoft (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=MSFT" class="ticker"
title="MSFT"NSDQ: MSFT/a) would unload Yahoo's Asian assets and non-search businesses, extract $3
billion worth of cost savings and receive $2.8 billion of tax benefits, which means MSFT will pay
$10.3 billion for Yahoo's search business (about $2 billion less than it was willing to pay earlier
in the summer for search portion). It also calls for Yahoo to drop its poison pill, while valuing
Yahoo's Asian assets at $7.2 billion and its non-search business at $4.5 billion. Earlier this year
Mithras a
href="http://blogs.barrons.com/techtraderdaily/2008/06/16/yahoo-holder-mithras-capital-to-back-icahn-slate/"
title="backed Carl Icahn's stak"backed Carl Icahn's stak/ae in the company. /p p Yahoo's shares hit
a five year low yesterday, and today is down about 2 percent today to trade below $13. The
Yahoo-Google (a href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=GOOG"
class="ticker" title="GOOG"NSDQ: GOOG/a) ad deal is certainly going to be mired in regulatory
issues in a while, and any Yahoo-AOL (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=TWX" class="ticker"
title="TWX"NYSE: TWX/a) combination would also face somewhat similar regulatory issues. /p pnbsp;/p
pa href="http://feeds.feedburner.com/~a/pcorg?a=m9Tacr"img
src="http://feeds.feedburner.com/~a/pcorg?i=m9Tacr" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=BkjnM"img
src="http://feeds.feedburner.com/~f/pcorg?i=BkjnM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=UlHYM"img
src="http://feeds.feedburner.com/~f/pcorg?i=UlHYM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=U5L5m"img
src="http://feeds.feedburner.com/~f/pcorg?i=U5L5m" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=3olnM"img
src="http://feeds.feedburner.com/~f/pcorg?i=3olnM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=cmO6M"img
src="http://feeds.feedburner.com/~f/pcorg?i=cmO6M" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416885450" height="1" width="1"/

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2 days and 2 hours ago
pMartha Stewart Living Omnimedia (a
href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=MSO" class="ticker"
title="MSO"NYSE: MSO/a) has named former InStyle.com exec Gail Horwood to the new role of SVP
Digital Programming and Strategy. Horwood will oversee MSLO's digital properties, including MSLO
sites a href="http://www.marthastewart.com" title="marthastewart.com"marthastewart.com/a and a
href="http://www.wholeliving.com" title="wholeliving.com"wholeliving.com/a. In addition to guiding
the sites' editorial strategy, Horwood will work with the merchandising team on driving the online
retail business.nbsp; /p p Horwood is the first major digital hire since Wenda Harris Millard and
Robin Marino were named co-CEOs after Susan Lyne a
href="http://www.paidcontent.org/entry/419-mslo-ceo-lyne-steps-down-millard-and-marino-named-co-ceos/"
title="stepped down"stepped down/a this summer. (The company has made one other executive hire
since the Millard and Marino took over: Patsy Pollack was brought in as EVP of Merchandising in
August.) Before serving as executive director at InStyle.com, Horwood was executive director,
creative development at Time Inc. Interactive and VP, global content at Zagat Survey and
editor-in-chief of CondeNet's food site a href="http://www.epicurious.com/"
title="Epicurious"Epicurious/a. a
href="http://phx.corporate-ir.net/phoenix.zhtml?c=96022p=irol-newsArticleID=1208293highlight="
title="Release"Release/a /p pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-mso-co-ceos-millard-650k-base-salary-100-percent-target-bonus"
title="Filings Watch: MSLO Co-CEOs Millard; $650K Base Salary; 100 Percent Target Bonus"Filings
Watch: MSLO Co-CEOs Millard; $650K Base Salary; 100 Percent Target Bonus/a/li lia
href="http://www.paidcontent.org/entry/419-mslo-ceo-lyne-steps-down-millard-and-marino-named-co-ceos/"
title="Industry Moves: MSLO CEO Lyne Steps Down; Millard and Marino Named Co-CEOs"Industry Moves:
MSLO CEO Lyne Steps Down; Millard and Marino Named Co-CEOs/a/li /ul piCheck out the best business
jobs in digital media. a href="http://jobs.paidcontent.org/"Go here/a for paidContent.org Job
Board./i/p pa href="http://feeds.feedburner.com/~a/pcorg?a=OBb503"img
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href="http://feeds.feedburner.com/~f/pcorg?a=ry3LM"img
src="http://feeds.feedburner.com/~f/pcorg?i=ry3LM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=WfqdM"img
src="http://feeds.feedburner.com/~f/pcorg?i=WfqdM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=oO0Om"img
src="http://feeds.feedburner.com/~f/pcorg?i=oO0Om" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=Ii07M"img
src="http://feeds.feedburner.com/~f/pcorg?i=Ii07M" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=RkpyM"img
src="http://feeds.feedburner.com/~f/pcorg?i=RkpyM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416885449" height="1" width="1"/

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paidContent.org -
2 days and 3 hours ago
pa href="http://www.Hollywood.com" title="Hollywood.com"Hollywood.com/a, the newly independent and
newly relaunched, online celeb/entertainment sites, has acquired a
href="http://www.mediabynumbers.com/" title="Media by Numbers"Media by Numbers/a, a box office data
and analysis resource founded by Paul Dergarabedian, a
href="http://www.variety.com/article/VR1117993732.html?categoryid=1009cs=1nid=2570" title="Variety
reports"Variety reports/a. Financial information wasn't disclosed. Dergarabedian stays on as
president. /p pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-hollywoodcom-redesign-to-launch-as-early-as-tonight"
title="Hollywood.com Redesign To Launch As Early As Tonight"Hollywood.com Redesign To Launch As
Early As Tonight/a/li lia
href="http://www.paidcontent.org/entry/419-hollywood-media-sells-hollywoodcom-unit-to-its-own-chairman-up-to-10-mi"
title="Update: Hollywood Media Sells Hollywood.com To Its Own Chairman; Up To $10 Million, Mostly
Earnout"Update: Hollywood Media Sells Hollywood.com To Its Own Chairman; Up To $10 Million, Mostly
Earnout/a/li /ul piOur mobile application for Blackberry and other Smartphones brings you the
latest headlines when you're on the go. Go a href="http://m.paid.mwap.at/"here to download/a./i /p
pa href="http://feeds.feedburner.com/~a/pcorg?a=zcyZih"img
src="http://feeds.feedburner.com/~a/pcorg?i=zcyZih" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=6Kw0M"img
src="http://feeds.feedburner.com/~f/pcorg?i=6Kw0M" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=22SqM"img
src="http://feeds.feedburner.com/~f/pcorg?i=22SqM" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=BDs5m"img
src="http://feeds.feedburner.com/~f/pcorg?i=BDs5m" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=YuX5M"img
src="http://feeds.feedburner.com/~f/pcorg?i=YuX5M" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=G6GmM"img
src="http://feeds.feedburner.com/~f/pcorg?i=G6GmM" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/416859073" height="1" width="1"/

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paidContent.org -
2 days and 3 hours ago
pWith China's internet audience estimated at 250 million and growing as the a
href="http://www.paidcontent.org/entry/419-ubs-lowers-q3-estimates-for-online-ad-revenues-offline-still-looks-wors"
title="U.S. online ad market slows"U.S. online ad market slows/a, Nielsen is hoping for a little
balance by expanding its partnerships to measure China's media use. The company has struck a joint
venture with Beijing media usage tracker ChinaRank, a
href="http://online.wsj.com/article/SB122357907789819935.html?mod=googlenews_wsj" title="WSJ
reports"WSJ reports/a. This isn't Nielsen's introduction to China. It has monitored TV viewing and
other media there for the past 25 years and has been tracking China's internet use for individual
clients seven years ago. Nielsen is also working with Beijing Zhongqian Wangrun Information
Technology on releasing data publicly for the web entire market. Rival audience measurement company
comScore (a href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=SCOR" class="ticker"
title="SCOR"NSDQ: SCOR/a) also tracks online use in China, but it doesn't put out the numbers
publicly. /p p While growth in online advertising has been cooling lately, China's online-ad market
is still nascent. Even with the tremendous uncertainty about what impact a global recession will
have on web ad dollars, China still seems poised for growth.nbsp; Display ad expenditures in China
are very small a
href="http://www.paidcontent.org/entry/419-display-ads-growth-rate-was-cut-in-half-in-h108-category-gained-8-perce"
title="compared to the U.S."compared to the U.S./a, which is nearly $6 billion, with $675.4 million
spent there in H108, according to the first set of data from CR-Nielsen, as the venture is called.
/p p The Chinese online market is heavily dependent on automotive, computer and electrical and
fashion industries—so a slowdown could halt that expected growth. But over the
long-term, the deals give Nielsen a strong position in the country, as it will have greater access
to local content and analysis. It will also have the ability to expand its monitoring to all media
usage, including TV and retail purchases. WSJ says that Nielsen's and ChinaRank's joint-venture has
the option to go public in the U.S., that's probably a while away at this point. /p
pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-nielsen-takes-next-step-in-audience-measurement-combines-mobile-web-tra"
title="Nielsen Finally Combines Mobile Web Traffic With PC Online Use"Nielsen Finally Combines
Mobile Web Traffic With PC Online Use/a/li lia
href="http://www.paidcontent.org/entry/419-nielsen-acquires-media-measurement-firm-iag"
title="Nielsen Acquires Media Measurement Firm IAG Research For $225 Million"Nielsen Acquires Media
Measurement Firm IAG Research For $225 Million/a/li /ul piA Complimentary Webinar from Innodata
Isogen--bBeyond Cost Arbitrage: Best Practices for Delivering Large-Scale Editorial Outsourcing
Services/b. a
href="http://content.adbureau.net/accipiter/adclick/CID=000010470000000000000000/SITE=TEST/AAMSZ=SPONPOST_NEWS/MONTH=SEP/relocate=http://www.innodata-isogen.com/knowledge_center/editorial_outsourcing?bdls=16267"Register
now/a/i./p pa href="http://feeds.feedburner.com/~a/pcorg?a=hvdC16"img
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2 days and 3 hours ago
pShe might run the biggest magazine company in the world in a time of falling advertising revenue
and dwindling sales, but Time Inc's (NYSE:TWX) CEO and Chairman a href="v" title="Anne Moore"Anne
Moore/a doesn't sound too concerned. She tells a
href="http://business.timesonline.co.uk/tol/business/industry_sectors/media/article4916337.ece"
title="The Times"The Times/a of a two-year strategy to get her company, owner of consumer UK
magazine publisher IPC Media, through the downturn—which will look to address
its nine percent Q208 drop in ad revenue. bDigital revenues grew 73 percent in 2007 and now make up
15 percent of the group's total ad revenue/b. Moore considers Time not a magazine publisher but a
"content company" But as The Times's Dan Sabbagh writes: "bNevertheless, print magazine advertising
is heading south this year, and digital growth in 2008 will miss the previous 53 per cent
target/b". /p p Moore says it will be "tough to grow revenues" in 2009 but aims "to do better than
stand still" in terms of profit. One option is to sell-off IPC, the publisher music weekly iNME/i
and lads' mag iLoaded/i which it bought for £1.1 billion in 2001, but Moore insists this is
not on the cards, asking "Where did you hear that from? I know, wishful thinking from bankers
hoping for a mandate." /p p Given the a
href="http://www.paidcontent.co.uk/entry/419-rbi-sell-off-stalls-again-with-180m-finance-shortfall"
title="current difficulties"current difficulties/a Reed Elsevier is experiencing sell-off its B2B
division Reed Business Information, it's safe to say that now would not be the best time to sell in
any case.nbsp; /p piSocial Media Deals Report: This 199-page report, filled with charts and data,
examines the categories, number and size of VC and MA deal in social media from 2007 through 2008.
stronga href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports page/a/strongi/p pa
href="http://feeds.feedburner.com/~a/pcorg?a=Wdo4DA"img
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src="http://feeds.feedburner.com/~r/pcorg/~4/416847596" height="1" width="1"/

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2 days and 3 hours ago
pReed Elsevier's (a href="http://finance.paidcontent.org/paidcontent?Page=QUOTETicker=RUK"
class="ticker" title="RUK"NYSE: RUK/a) troubled attempt to sell-off its UK B2B division Reed
Business Information appears to be in big trouble with the news that bids for the company since
August have fallen about a half-million dollars, a
href="http://www.bloomberg.com/apps/news?pid=20601085sid=aC_xXYPEUhz4refer=europe" title="according
to Bloomberg"according to Bloomberg/a. Two unidentified sources close to the deal told the news
service the bids have dropped to about $1.7 billion (£97 million) from $2.3 billion
(£1.3 billion). The company has struggled to attract the financing needed to seal the deal
since the sale was announced in February. Merrill Lynch analyst Paul Sullivan said in a note that
the risk of the sale "being delayed or falling through has clearly increased". br / The markets
were unimpressed and shares in Reed Elsevier dipped 6.4 percent to 468.25 pence at 1.34pm in London
trading today, its lowest value since February 2004. /p p Three PE firms remain in the third round
of bidding—Bain Capital LLC, Apollo Management and a combined group of TPG Inc
and DLJ Merchant Banking—and seven banks are prepared to put in $900 million
(£515 million) to finance the deal while Reed itself is set to put in about $330 million
(£189 million). So it is still possible that a | |