E-News : April 24, 2012
Top Media Moves
Hearst Electronics Group took a 50 percent stake in Aspen Labs, a company that offers social media and online design tools for the electronics industry, including EEWeb, a peer-to-peer community for engineers.
Brian Magnotta last week joined Summit Business Media as CIO. Magnotta most recently served as CTO of Ziff Davis Enterprise under then-CEO Steve Weitzner, who took over as CEO of Summit earlier this year. Former Summit Business Media CIO Dave MacDonald, CFO/COO Thomas Flynn and VP of human resources Kathy Schneider have also left the company.
RR Donnelley’s Press+, which offers a metered subscription platform for digital publishers, announced that it will “grandfather in” at no charge customers of Google’s paid content platform Google One Pass, which folded last week. Press+ says it has 349 publishing clients.
Job of the Week
Online Project Manager, Edgell Communications, Inc.
In addition to the "Job of the Week" highlighted in each issue of E-news, ABM has expanded its online job board to better reach out to the membership and media community with quality career opportunities. Powered by mediabistro.com, the site is updated constantly with openings across the country and enables you to search by industry and location. So what are you waiting for … Click here to begin your search!
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Event profits rise when events are your primary business, ABM research shows
Profitability across event properties varies widely, but the trend is clear: events organized into their own brands, operating units or strategic groups produce higher margins, at 49 percent, than events that are ancillary to a primary digital or print property, at 9 percent. The full research report, titled “Brave New B-to-B: Managing Profits in a Changing Media Industry,” is sponsored by Scout Analytics and Atwood Capital Partners, and it will be presented at the ABM Annual Conference April 29 to May 2 in San Francisco. The results will also be presented as a webinar on May 9. Read more.
News aggregation litigation and licensing picks up
News aggregation websites and services have recently received special attention from general news publishers, with the Associated Press leading the charge on both litigation and licensing fronts. Read more.
Internet display ad revenue grew 14.9% in 2011
The Interactive Advertising Bureau has released its report on Web-based advertising revenue for 2011, with revised data for 2010. According to the report, total online advertising reached a record high of $31 billion, up 22 percent over 2010’s total of $26 billion. Display-related ad revenue, including banner advertising, totaled $11.1 billion in 2011, up 14.9 percent over 2010. Read more.
Summit Business Media's Peter Westerman: Customer data gives teeth to b-to-b media
While the scramble into the digital marketplace may or may not yield the dollars investors that investors inspect, it’s the data assets that so many b-to-b publishers are sitting on that can give those companies an edge. Read more.
Architectural Record launches continuing education app
McGraw-Hill’s Architectural Record this week launched what it says is a “first-of-its kind” continuing education mobile app for iPhone and iPad. The free app, available in the iTunes App Store, offers hundreds of free courses and allows architects, LEED Aps and other AEC professionals to take tests and earn continuing education credits for licensure and association membership. Read more.