Pinterest has hired Barry Schnitt as its new head of communications and public policy. Schnitt had been at Facebook for the past four years, and eight more before that at Google. He’ll start at Pinterest next month. (Excuse the inside baseball, but from a press perspective, Pinterest has been nearly impenetrable lately despite its wide usage and impact.) Continue reading →
Knight Capital Group (NYSE:KCG) has said it is facing pre-tax losses of up to $35 million on trading on the Facebook (NASDAQ:FB) IPO on Friday and is asking Nasdaq’s holding company for compensation equaling that amount. Don’t Miss: Wall Street: Not Everyone Lost Money on Facebook’s IPO. The electronic trader said in a regulatory filing that it was “evaluating all remedies available under law,” including having submitted documents to the Nasdaq OMX Group (NASDAQ:NDAQ), which plans to pay back some losses related to the glitch-ridden IPO. On the opening day of trading for Facebook shares, technical issues with Nasdaq’s trading system resulted in investors being unable to find out if their new orders, changes, and cancellations in a 20-minute period for buying and selling the ... Continue reading →
Starboard Value, the activist hedge fund that seeks to replace three of AOL’s directors with its own nominees next month, has laid out its disagreements with the internet giant’s current management in a 96-page presentation to investors. Whether you agree with Starboard, which owns 5.3% of AOL, or have faith in chairman Tim Armstrong, the presentation makes for some hair-curling reading. Here are a few highlights: -AOL is losing $500 million a year on its display advertising businesses, ie. its premium content sites. Since 2009, those losses have totaled $1.3 billion. -In the past three years, it has spent $668 million acquiring display-based business, including the Huffington Post, on which it spent $315 million. It has pumped another $235 million of investment into Patch. -Its ... Continue reading →
We’ve known Facebook is serious about photos: Heck, it dropped a cool $1 billion on Instagram, the immensely popular mobile photo sharing app. What we didn’t know, however, is that Facebook was essentially building its own version of a stand-alone mobile photo sharing application, ostensibly to compete with Instagram before it took over the mobile photo sharing world completely. How do I know that? Because Facebook will launch the product this afternoon in Apple’s App Store. It’s called Facebook Camera, and it’s essentially Instagram redux. One, it’s a standalone Facebook application, separate from the Facebook app proper, much like the company’s Facebook Messages app. Facebook Photos product manager Dirk Stoop told me in an interview this morning, it’s an instant portal to one of Facebook’s ... Continue reading →
John Paton may be getting most of the Digital First headlines, but behind the scenes the digital first pressures are building up on publishers on both sides of the Atlantic. Today, we hear that the Newhouse’s Times Picayune is following the “Michigan model,” no longer a “daily” paper, but one published three days a week on paper. That model, launched in Michigan at the beginning of February, has quickly proven itself to Newhouse execs. The principles, if not the execution — or the longer-term impact — are clear: Pare down print days so as to keep 80%-plus of print advertising. Sunday is a natural here, with its heavy preprint business. Those preprints are endangered themselves, but not immediately; they now account for about a fifth ... Continue reading →
Repinned to . Shared with your followers. See it now. Continue reading →
Lowest Price Guarantee If within 30 days of your online purchase at Kotulas.com, you find the identical product nationally advertised for less by one of our competitors, we will refund to you 110% of the difference! Nationally advertised low prices found online must be printed out completely with proof of competitor's name and the offer's expiration date clearly visible. To receive your refund, please mail a copy of the advertisement with the offer's expiration date visible, together with a copy of your invoice to: Kotula's Ecommerce Marketing P.O. Box 1499 Burnsville, MN 55306-6936 Valid on retail price of item only, not on shipping and/or handling charges. No close-outs, misprints, price quotes, coupons, rebates, auction websites or liquidations. Also not valid on Member Club pricing. Item ... Continue reading →
A new company - the NOLA Media Group, which will include The Times-Picayune and its affiliated web site NOLA.com - was announced today by Ricky Mathews, who will become its president. The change is intended to reshape how the New Orleans area's dominant news organization delivers its award-winning local news, sports and entertainment coverage in an increasingly digital age. NOLA Media Group will significantly increase its online news-gathering efforts 24 hours a day, seven days a week, while offering enhanced printed newspapers on a schedule of three days a week. The newspaper will be home-delivered and sold in stores on Wednesdays, Fridays and Sundays only. A second new company, Advance Central Services, will print and deliver the newspaper. Both of the new companies are owned ... Continue reading →
