Yet more evidence that the future of media is digital (in case there are still any doubters out there). In a report released this morning, boutique investment bank Jordan, Edmiston Group estimates that between 88 percent of the publishing and advertising industry’s revenue growth over the next few years will come from four sectors: Database & Information, B2B Online Media, Consumer Online… → Read More
It’s a big day for eBay and CEO Jon Donahoe. The company is laying off 10% of its workforce, or about 1,000 employees plus several hundred temporary positions. They will take a $70 million to $80 million restructuring charge around the layoffs, they said.
And they’ve made two acquisitions: Denmark’s DBA for $380 million and Amazon-funded Bill Me Later for $820 million in cash and approximately… → Read More
Buying stuff on Amazon is about to get even easier. The online retailer took an equity stake in a Maryland-based company called Bill Me Later that lets people shop now and pay later at more than 700 Websites, including the Apple Store, Overstock, Walmart.com, and ToysRus.com. Amazon will be offering the payment option as well. (It competes with PayPal’s Pay Later service). Terms of the deal… → Read More
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