Showing posts with label Reader's Digest. Show all posts
Showing posts with label Reader's Digest. Show all posts

Monday, January 07, 2013

MediaWeek (Vol 6, No 1): Iraq War Fiction, Downton, Reader's Digest UK, Morse +More

The "bullshit" war and new fiction in the age of war (Guardian):
Powers, himself an Iraq veteran, believes that the flood of fiction – and his own award-winning The Yellow Birds – are helping Americans understand the war better than journalism has done. "One of the reasons that I wrote this book was the idea that people kept saying: 'What was it like over there?'," Powers explained. Yet he was puzzled by the question because of the vast amount of reporting. "It seemed that it was not an information-based problem. There was lots of information around. But what people really wanted was to know what it felt like; physically, emotionally and psychologically. So that's why I wrote it," he said.

Powers' book and its powerful descriptions of the impact and experience of modern combat explores two individual soldiers and the hurried promise that one made to the other to keep him alive through their tour of duty. But, as with all great war literature that has examined conflict from the first world war to Vietnam, the experience of individuals becomes a symbolic stand-in for the nation as a whole. It is impossible not to draw a link between the rash promise – which the book quickly makes clear is not kept – and the way America itself went to war in Iraq. "It is a story about making a promise that you cannot keep; promises made in a quick way. Someone who wants to be good but finds it difficult and does not understand the ramifications of what they have done," Powers said.
I'm with James on Downton Abbey (Atlantic):
At what point in the history of domestic service, I wonder, did lords and ladies start saying Thank you to their staff, instead of just kicking them into the fireplace? When did it begin, this treacherous acquisition of personhood by the dishwashing classes? Was there perhaps a single, pivotal moment, deep in some ancestral pile, when a purple-faced baronet looked upon his vassal and experienced—wildly, disconcertingly—the first fizzings of human-to-human recognition? Blame Saint Francis of Assisi. Blame Charles Dickens. By the early 20th century, at any rate, the whole master-servant thing was plainly in ruins. Individuals were everywhere. The housekeeper had opinions; the chauffeur had a private life; and the gentleman found himself obliged to take an interest, however slight, in the affairs of his gentleman’s gentleman. “And what will you do with your weekend off, Bassett?”
And for Lorcan; yes, "sudsy".

Readers' Digest UK (entirely separate from the US company) has been forced to enter insolvency proceedings and last week shed almost all their staff (Guardian):
Three-quarters of the British staff of Reader's Digest were made redundant on Friday after its private equity tycoon owner pulled the plug on the magazine's direct marketing division.

Jon Moulton's Better Capital private equity firm made 90 of Reader's Digest UK's 120 staff immediately redundant as it began insolvency proceedings of the magazine's CD, DVD and bookselling arm. It comes less than three years after Better rescued the monthly magazine from administration and promised to "return the business to its heyday".

Moulton's purchase of the magazine in April 2010 was controversial because he did not take on responsibility for the company's £125m pension fund deficit. The fund, which has 1,600 members, was placed into the Pension Protection Fund, which meant those that had yet to retire lost 10% of their entitlement.

At the time Moulton said Reader's Digest was a profitable business without the difficulty of the pension fund.
The UK has made making mix tapes legal (BBC) and (IP Gov)
Making digital copies of music, films and other copyrighted material for personal use is to be made legal for the first time under government plans.

It has previously been illegal in the UK to rip songs from a CD to a digital player or transfer eBooks, music, films and games from one device to another.

But people will still not be allowed to share the copies with others.

Business Secretary Vince Cable said the move was "not only common sense but good business sense".

"Bringing the law into line with ordinary people's reasonable expectations will boost respect for copyright, on which our creative industries rely," he said.

"We feel we have struck the right balance between improving the way consumers benefit from copyright works they have legitimately paid for, boosting business opportunities and protecting the rights of creators."
A Pew Report on e-Readers was released before Christmas (Pew) and from the findings:
The population of e-book readers is growing. In the past year, the number of those who read e-books increased from 16% of all Americans ages 16 and older to 23%. At the same time, the number of those who read printed books in the previous 12 months fell from 72% of the population ages 16 and older to 67%.

Overall, the number of book readers in late 2012 was 75% of the population ages 16 and older, a small and statistically insignificant decline from 78% in late 2011.

The move toward e-book reading coincides with an increase in ownership of electronic book reading devices. In all, the number of owners of either a tablet computer or e-book reading device such as a Kindle or Nook grew from 18% in late 2011 to 33% in late 2012. As of November 2012, some 25% of Americans ages 16 and older own tablet computers such as iPads or Kindle Fires, up from 10% who owned tablets in late 2011. And in late 2012 19% of Americans ages 16 and older own e-book reading devices such as Kindles and Nooks, compared with 10% who owned such devices at the same time last year.
The Inspector Morse/Sargent Lewis ITV franchise is to get some color (Observer):
Long-running ITV crime series do not have a strong track record with black actors. Midsomer Murders notoriously came under fire two years ago when its producer, Brian True-May, was suspended for saying that black faces were not right for his popular village mystery series, while Inspector Morse and its prime-time successor Lewis are dominated by white leading characters.

Until now. The new sidekick to take his place in the Oxfordshire police car alongside Lewis is to be played by Gambian actor Babou Ceesay.

The character of DC Alex Gray, who will be introduced to viewers this month, will put the Lewis franchise on a fresh footing, though Ceesay said he had been unaware of the race row until he appeared on set.
Rare color images of the Beatles to go on sale (Telegraph)

From Twitter:
6 Takeaways From Google's Antitrust Settlement via AP
Neil Young moves ahead with plans for his music service


How the Bar Code Took Over the World

Saturday, August 22, 2009

MediaWeek (Vol 2, No 33): Reader's Digest, Jane Friedman, Barnes & Noble

Jane Friedman - exCEO of Harpercollins has launched a new e-Book publishing company named Open Road. Details are few but in a financial filing her company has received $3mm in initial funding (DMW):

OpenRoad Integrated Media, a start-up focused on e-book publishing and marketing, has raised a $3 million round of venture capital financing, led by Bay Area Holdings, PaidContent reported, citing a regulatory filing.
In case you missed the news about Reader's Digest: Reader's Digest restructure their debt as part of prepackaged bankruptcy filing. Emerges with 75% less debt to $550mm! (Link)

Bloomberg publish an overview Tim Collins one of the principal investors in Reader's Digest (Bloom):
Collins bought WRC Media Inc., the publisher of Weekly Reader magazines for school children, in 1999. Five years later he bought Time Warner’s direct-marketing arm, Time Life Inc., which Ripplewood later renamed Direct Holdings U.S. Corp.
Rescue Plan
Attempts to turn the companies around were floundering when Collins bought Pleasantville, New York-based Reader’s Digest and its pocket-sized magazine with a worldwide circulation at the time of 18 million for $2.4 billion including debt. WRC Media had already violated debt agreements and was on the verge of bankruptcy. Direct Holdings had posted two years of net losses.
Ripplewood projected that the transaction, which included merging WRC Media and Direct Holdings with Reader’s Digest, would yield $20 million in savings. The firm used some of the deal financing to pay down $168 million of WRC Media’s and Direct Holdings’ debt. Ripplewood and its co-investors contributed at least $375 million of equity to the deal.
News of Haights Cross as they struggle with their debt load (PW):
In its own press release, Haights said if the exchange offering is not approved, it will be forced to consider alternative options, include filing for Chapter 11. Meanwhile the operating performance of the company’s two main units, fell in the second quarter. Sales at Recorded Books slipped 2.7%, to $20.8 million, and the spokenword audio publisher’s operating income dipped to $6.1 million from $6.4 million.
Barnes and Noble shareholders (amazing there are any other than Len Riggio) are unhappy with he proposed deal to purchase privately held Barnes & Noble College (CHN):
Barnes & Noble's offer to buy the College Booksellers division from company founder, chairman of the board and controlling shareholder Leonard Riggio offers far more than what a third party would pay to buy the floundering branch, the shareholders say. The deal lacks transparency, since Barnes & Noble did not submit history or projections for the division's performance, according to the complaint, which alleges that company directors approved the acquisition because they are indebted to Riggio.
In case you missed the news about Reader's Digest: Reader's Digest restructure their debt as part of prepackaged bankruptcy filing. Emerges with 75% less debt to $550mm! http://bit.ly/jDU6h

The Electronic Frontier Foundation raises questions over Google book search privacy. (EFF):
Given this backdrop, we asked Google to promise that it would fight for those same standards to be applied to its Google Book Search product. We want Google to promise that it will demand more than a subpoena (which is written by a lawyer and not approved by a judge) or some other legal process that a judge has not approved before turning over your book records. In essence, we asked Google to tell whoever came to them demanding reader information: "Come back with a warrant."
Honestly, we thought it would be an easy thing for Google to do.
Unfortunately, Google has refused. It is insisting on keeping broad discretion to decide when and where it will actually stand up for user privacy, and saying that we should just trust the company to do so. So, if Bob looks like a good guy, maybe they'll stand up for him. But if standing up for Alice could make Google look bad, complicate things for the company, or seem ill-advised for some other reason, then Google insists on having the leeway to simply hand over her reading list after a subpoena or some lesser legal process.