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Ku6 Media Reports Unaudited Financial Results for the Fourth Quarter and Full Year of Fiscal Year 2011

BEIJING, March 8, 2012 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., ("Ku6 Media" or the "Company", Nasdaq: KUTV) a leading internet video company in China, today announced unaudited financial results for the fourth quarter of and full fiscal year ended December 31, 2011.

Background

In 2010, Ku6 Media (formerly known as Hurray!) completed a series of transactions including acquisition of Ku6 Holding Limited in January 2010 and disposal of its wireless value-added services ("WVAS") and music businesses to Shanda Interactive Entertainment Limited ("Shanda") as well as acquisition of online audio business from Shanda in August 2010, and became a company focusing on online advertising business on its online video platform of http://www.Ku6.com. As a result, the operating results of WVAS and recorded music were presented as "Operating Results of Discontinued Operations" in the income statements.

Highlights

Business results

Total revenues, representing advertising revenue from online video portal operation, were $4.42 million in the fourth quarter of 2011, representing an increase of 4.5% from $4.23 million in the third quarter of 2011 and a decrease of 34.7% from $6.77 million in the fourth quarter of 2010.

In the second quarter of 2011, the Company started to generate revenues from performance advertising using a system called Application Advertisement ("AA"). The performance advertising revenue was realized through an affiliated advertising agent. 79.2% of total revenues in the fourth quarter was from this source, as compared to 72.3% of total revenues in the third quarter of 2011.

Cost of revenues was $4.23 million in the fourth quarter of 2011, representing a decrease of 22.8% from $5.48 million in the third quarter of 2011 and a decrease of 66.1% from $12.46 million in the fourth quarter of 2010. The change of content strategy since the second quarter of 2011 fromlong-form professional content to UGC is the main reason for the decrease in cost of revenues. As a result, gross profit was $0.19 million in the fourth quarter of 2011, as compared to a gross loss of $1.25 million in the third quarter of 2011 and a gross loss of $5.70 million in the fourth quarter of 2010.

Operating expenses were $4.38 million in the fourth quarter of 2011, representing a decrease of 61.2% from $11.28 million in the third quarter of 2011 and a decrease of 55.2% from $9.77 million in the fourth quarter of 2010. Fourth quarter operating expenses include a $0.98 million favorable adjustment due to increased forfeitures of equity compensation awards caused by greater than anticipated headcount reductions in the Company's strategic transition.

Operating loss was $4.19 million in the fourth quarter of 2011, representing a decrease of 66.6% from $12.53 million in the third quarter of 2011 and a decrease of 72.9% from $15.46 million in the fourth quarter of 2010.

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Ku6 Media Reports Unaudited Financial Results for the Fourth Quarter and Full Year of Fiscal Year 2011

Media reforms as bad as Russia

ONE of Australia's leading advertisers believes proposed media reforms would inflict Australians with the same limits on the free press as Russia and Cuba.

Harold Mitchell today told a Brisbane audience the reforms proposed by the Independent Media Inquiry were "crap", designed by people who did not understand free choice.

"Firstly, they believe that there should be no freedom of the press, but, you know, through all the centuries the greatest way a society can ever continue is by having a free society," Mr Mitchell said.

"You control thoughts and it just won't happen."

Mr Mitchell is founder of Mitchell & Partners and executive chairman of Aegis Media Pacific, a company that buys commercial space on all media for some of the world's biggest brands.

He is also the expert chosen by the federal government to advise on how more philanthropists can be encouraged to donate to the arts.

Mr Mitchell told the QUT business leaders forum that some of the reforms proposed by the inquiry could have an equivalent effect to jailing newspaper editors who offended vested interests.

He said: "Now, what sort of a world are we living in when that would be a notion we should have?"

The report by retired judge Ray Finkelstein, QC, presented last week to the federal government, proposes sweeping regulation of newspapers.

It urged the government to set up a taxpayer-funded body to regulate all of Australia's news and current affairs across all media: a statutory watchdog to set standards and handle complaints.

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Media reforms as bad as Russia

Performance of social networking sites – Index from Keynote Systems for February 2012

Keynote Systems, the expert in Internet and mobile cloud monitoring, monitors the top 10 UK social networking sites on a monthly basis and analyses how these sites perform compared to their competitors. By Robert Castley.

The performance of the social networking sites monitored this month slipped, both in terms of availability and speed, when compared to January. Friends Reunited, Hi5 and Bebo all failed to load in less than two seconds, with Bebo bringing the average right down with an average response time of 16.34 seconds for February. Facebook continued to be the fastest site to load by almost half a second, with an average time of 0.69 seconds.

Bebo also struggled with availability this month, with an average success rate of 94.67%. However Hi5 was the poorest performing site in February, with a success rate of only 81.47%. This means that almost 20% of people trying to access the site this month were met with loading issues.

The new social networking site, Pinterest, has been hitting the headlines a lot this month. Experts are claiming that sign-up for this site has been far faster than for Twitter and Facebook in the first year. This demonstrates that there is still a considerable appetite for new social networking sites, and so its clear that existing sites need to up their game when it comes to performance in order to compete with new sites.

About the author

Robert Castley has been solutions consultant at Keynote for over two years. Prior to working at Keynote, Robert worked as a Professional Services Consultant at a document management company, Macro 4, where he worked on developing custom web interfaces. Robert is passionate about web performance and optimisation and has over 10 years of web development experience. One of his proudest achievements is developing one of the worlds most popular Open Source Content Management Systems to the masses Mambo, which now lives on as Joomla!

About the company

Keynote Systems is a global leader in Internet and mobile cloud monitoring. It provides companies with solutions for continuously improving the online experience. Founded in 1995, Keynote provides testing, monitoring and measurement products and services for any enterprise including online portals, e-commerce sites, B2B sites, mobile operators and mobile infrastructure providers. Keynote products and services help companies improve customer experience in four areas: Web performance, mobile quality, streaming and real user experience testing.

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Performance of social networking sites – Index from Keynote Systems for February 2012

Hudld For iPhone Innovates Social Networking

Trouble keeping up with all your social networking streams? Hudld brings them all together under one app for you iPhone. You can link up to 60 total accounts from networking sites like Twitter and Facebook. Hudld gives you a better way to navigate, protect, and manage them all. It brings efficiency to a chaotic stream of information.

Brian Ash, who is in charge of the Hudld startup comments on the introduction of the new app: This is the only logical next step in the evolution of social networking client applications. With the growing number of social services, mobile users, and customers juggling many different accounts and services, a centralized hub for this activity is almost unavoidable to keep social networking conducive to its purpose.

Without some innovation geared towards governing this activity over the various networks, we will not outgrow social networking, it will outgrow us to the point that so much of our activity is spread over various accounts, ever growing services and many more users coming in on a daily basis, that we could no longer follow along in any uniform time line or be able to mange or digest them efficiently. Especially on smaller personal devices where time, speed and usability grow increasingly more important to the end user.

Check out a video of the app in use:

I guess it is inevitable. Everybodys using social networking now and there are so many different accounts and streams of information to keep track of, it makes sense that somebody comes out with an app to manage them. Over 50% of mobile internet traffic is somehow connected to social networking. Im sure this isnt going to be the last app we see designed around social media integration, but it is one of the first.

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Hudld For iPhone Innovates Social Networking

Magic Logix Named Sixth Best Web Development Company by bestwebdesignagencies.com for March 2012

The independent authority on web design and development, bestwebdesignagencies.com, has named Magic Logix the sixth best web development company for March 2012.

(PRWEB) March 07, 2012

Magic Logix provides a custom web development service which focuses on a professional website across various platforms. Their process for development involves meticulous testing, strategy consultation, and dynamic solutions. They provide web development services for Drupal, Joomla, and WordPress among other CRM and open source solutions.

bestwebdesignagencies.com evaluates and ranks http:// web development companies through the use of a set of evaluation criteria, customer references, and various industry resources for web development companies. Five areas of evaluation are used to compare each of the best based on their strengths, weaknesses, and competitive advantages. The five areas include development standards, browser compatibility, code security, services, and customer support.

For a more thorough evaluation, customer references are also used in order to receive unique feedback on each http:// web development company in the evaluation process. At least three customer references are obtained for each company in order to ask the clients general and specific questions about the service and obtain information about how the web development services have impacted their business. Customers of Magic Logix have indicated their pleasure at having custom websites developed for them with their own functionality and features without the bugs and issues which come from internal web development.

The best web development agencies are evaluated and ranked by the independent authority on web design and development to assist businesses in finding the right fit for their custom website needs. Magic Logix offers a professional development service which produces results and recognition for their customers.

ABOUT bestwebdesignagencies.com

bestwebdesignagencies.com is an independent research firm with a dedication to providing a list of the best web design companies and web development firms in the industry. Through meticulous research and developed methods for evaluating and ranking companies, bestwebdesignagencies.com has provided customers of web design and development services with a great resource to find a top performing web design company. Evaluations are carried out by a specialized team of researchers who examine thousands of applicants each month. bestwebdesignagencies.com provides their rankings free of charge to companies and individuals searching for a quality web design firm or looking for other design and development services with updates being provided on the first of each month. The website also provides information and resources for those looking to learn more about web design and development services.

To view the list of the Best Web Development Companies visit:

http://www.bestwebdesignagencies.com/rankings-of-best-web-development-companies

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Magic Logix Named Sixth Best Web Development Company by bestwebdesignagencies.com for March 2012