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Bauer takes control of ACP

Last year, ACP magazines reportedly generated earnings before interest, tax, depreciation and amortisation (EBITDA) of about $100 million.

BAUER Media last night signed off on the acquisition of Australia's largest magazine publisher, ACP, after securing approval from the Foreign Investment Review Board.

The move was the last remaining hurdle for the German publisher to take control of popular titles such as The Australian Women's Weekly.

Bauer publisher Yvonne Bauer is expected to arrive in Sydney today, but company executives have been camped out at ACP's Park Street headquarters since last week finalising the details of the deal.

We are pleased to have completed the sale of ACP. Bauer Media is one of the worlds largest magazine groups, and they were a logical owner for the business, said Nine Entertainment CEO David Gyngell.

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Mr Gyngell said that there would be close ongoing collaboration between Nine Entertainment and ACP:

Nine and ACP will continue to work extensively together in the years ahead. In Sales, we will maintain focused ongoing cooperation between Nine, ACP and Mi9 through our Powered division. We will also continue to cross-promote ACP and Nine brands across the two companies, he said.

FIRB approval was considered a formality and the sale was effectively sealed last week when lenders to ACP's current owner, Nine Entertainment, gave their approval to the transaction, which will deliver just under $500 million to the debt-laden network owner.

All of the proceeds will be paid to senior lenders who are owed about $2.8 billion and effectively control the network's fate as it needs to restructure this debt if it is to avoid collapse.

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Bauer takes control of ACP

Citi analyst boosts Liberty Media rating to "Buy"

NEW YORK (AP) A Citi analyst on Tuesday raised his rating for Liberty Media Corp. to "Buy" from "Neutral," predicting that the company will soon take control of Sirius XM Radio Inc.

Jason Bazinet, who also backed his "Buy" rating for Sirius XM, noted that over the past few months Liberty has spent $1.4 billion to boost its stake in the satellite radio broadcaster to from 40 percent to 49.6 percent. He added that he expects the company to cross the 50 percent line later this year.

Once Liberty Media has a 50 percent stake in Sirius, Bazinet said it's likely that Sirius will begin a $3 billion stock buyback program that will allow Liberty to largely recoup its $1.4 billion investment while keeping a 50 percent stake in Sirius.

Meanwhile, Bazinet expects Sirius' stock should rise to $3 per share over the next 12 months, boosting value for Liberty. In light of that, Bazinet boosted Sirius' price target by 50 cents to $3 and Liberty's by $27 to $121.

The Englewood, Colo.-based conglomerate controlled by cable TV magnate John Malone saved Sirius from near-bankruptcy in 2009 by agreeing to lend it up to $530 million in exchange for preferred stock.

This year, Liberty has been steadily increasing its ownership of Sirius as part of its plans to take control of the company.

In premarket trading, Sirius shares rose 7 cents, or 2.5 percent, to $2.63, while Liberty shares were unchanged at $104.77.

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Citi analyst boosts Liberty Media rating to "Buy"

Open Control Architecture (OCA) Alliance Announces Official Incorporation

SEATTLE--(BUSINESS WIRE)--

The Open Control Architecture (OCA) Alliance, the industry collective developing a media networking system control standard for professional applications, today announced that it has been officially incorporated as a non-profit trade association.

The incorporation represents the latest milestone for the Alliance, which was founded in June 2011 to develop a standardized control and monitoring architecture for professional media networks.

Since its founding, the Alliance has moved rapidly, releasing initial technical documents to its Observer members in October of 2011, and the complete OCA 1.0 Specification to the Observers in May of 2012.

The Specification now stands at Release 1.1. Coincident with its incorporation, the Alliance has placed the entire Release 1.1 Specification on its public website (www.oca-alliance.com) for free download.

In the coming months, the Alliance will transfer the Specification to a public standards organization for ratification as an official open public standard, free for all to use at no cost. Subsequently, the Alliance will actively support the standards-making process, and will at the same time promote and support the adoption of OCA as a tool for the professional media systems industry.

Incorporation represents another major step forward in the creation of a robust, feature-rich media networking control solution, said Terry Holton, Senior Manager - Product Planning at Yamaha R&D Centre. We are making significant progress, with excellent participation from all our founding member companies.

Bob Tudor, Presonus CTO added, the cooperation between the founding members was critical to the success of OCA 1.0. We are achieving cross-brand control of parameters in our devices as a result, which is good for our respective customers and a stimulus for market growth.

Nathan ONeill, LOUDs VP Engineering, notes a key aspect of the OCA specification has been to allow for common control functionality yet provide manufacturers the ability to customize the protocol to their own needs, much like MIDI Sysex messages in this way they get the best of both worlds the ability to control functions across a multi-manufacturer system, yet the ability to keep manufacturer-specific algorithms proprietary.

With the OCA Alliance moving forward, integration of an audio system with a media control system will definitely get a lot simpler, commented Marc Weber, Product Manager, d&b audiotechnik. This means that the integrator can concentrate on the interface to the user rather than on the actual programming itself.

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Open Control Architecture (OCA) Alliance Announces Official Incorporation

Non-Profits use social networking to help domestic violence victims – Video

01-10-2012 18:59 on-Profits use social networking to help domestic violence victims

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Non-Profits use social networking to help domestic violence victims - Video

Social Butterflies: Facebook's Biggest Competitors

America loves its Facebook. According to comScore, Inc., the social network had 158.01 million unique visitors in the U.S. in May 2012. Believe it or not, that represented a slight decline in the number of visitors. Despite its popularity, Facebook has some competitors out there, and they may just be stealing a bit of attention from the leader in social networking.

What if you want a social network that caters more to your specific interests? Facebook may be a great place to connect with friends on a more general level. But for athletes looking to connect with other athletes, or Game of Thrones fans looking for a network of compatriots they can discuss the latest episodes with, a more niche social network may be more up their alley. And some sites are finding success catering to smaller groups of people.

The list of social networks is ever-expanding, with a community for just about everyone, although the general interest social networks may never reach the ubiquity of Facebook. A February infographic from VentureBeat.com, for instance, says that the much-hyped Google+ has just 18 million unique visitors per month, less than the long-forgotten Myspace, and its visitors spend just 6 minutes per month on the site. Still, some less ambitious networks appear to be growing. Some analysts say these just might be a better place for companies to spend their ad dollars.

Ammon Brown, vice president of operations at the web-based media management platform TRAFFIQ, believes that, while the audience won't be on nearly the same scale, advertisers may find they get more value from ads placed on smaller, more niche social networks as the users are more likely to be there for a specific reason and may even be more open to engagement.

"It's nice to have those sorts of affinity-related communities, where you're there because other people with the same interest are still there," he says. And because these smaller, niche networks are more affinity-based, "people are going to be a little more open to discovery," Brown says, and, therefore, "advertisers are willing to pay more."

Of course, to attract advertisers, people first need to know about the network--which is something that may pose a bit of a problem for these up-and-coming networks that aren't exactly household names yet. That's why Brown says he feels the smaller, more niche social networks would be better served entering into an ad exchange.

Referencing the struggles of Google+, which he calls "a bit of a flop," Brown says, "If Google can't usurp Facebook as the next great social network, I don't think anyone can."

One just-launched social network that hopes to stick around is Chicisimo, which launched July 11. It describes itself as a "social website and worldwide community where fashionistas and fashion brands come together to share their personal style, inspire one another, and discover new styles, brands, and products." At Chicisimo, people can upload photos of their favorite outfits, provide and receive feedback from the community, and earn virtual "flower" awards, while interacting with their favorite fashion brands, the company says.

Chicisimo's co-founder, Gabriel Aldamiz-echevarra, says the site's target audience is "women interested in fashion." He says he doesn't feel his audience is being neglected by other social networking sites. Rather, he says, "It's just that social networking sites can't be everything to everyone. It would not make sense for a site to build functionalities, for example, for both fashion enthusiasts and music enthusiasts."

Nor is it expected. "You just don't want to go to Facebook for a fashion journey," he adds.

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Social Butterflies: Facebook's Biggest Competitors