In this week’s subscription headlines, Conde Nast eyes commerce opportunities with branded subscription boxes, Netflix cancels support for millions of smartphones and tablets, and Facebook admits another faux pas – its 10th measurement mistake since September. Ugh. Also this week, Motley Fool offers an earnings preview for Cisco, Spotify partners with Capital One and Lionsgate is fined for its use of Jillian Michaels’ fitness videos.
Dana Neuts is Subscription Insider's Senior Staff Writer, covering our daily subscription news as well as member features, case studies, and reports.
Dana is also a writer, editor, marketing professional, speaker and the publisher of iLoveKent.net. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. She is the immediate past president of the Society of Professional Journalists. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!
In this week’s Five on Friday, PR Daily shares seven digital tools perfect for streamlining social media marketing, Search Engine Land explains how Google calculates web page authority, Maximize Social Business offers the five essential elements for a winning infographic, PYMNTS.com interviews Recurly CEO Dan Burkhart on how recurring revenue is no longer a “one-and-done” proposition, and Hubspot offers advice on how sales reps can decide whether to call or email a new prospect.
With quarterly revenue of $52.9 billion, net income of $11.0 billion, and quarterly earnings per diluted share of $2.10, Apple (NASDAQ: AAPL) had a strong fiscal 2017 second quarter for the period ended April 1, 2017. For the same period last year, Apple reported $50.6 billion and earnings per diluted share of $1.90. Apple’s board of directors approved a 10.5 percent increase to its quarterly dividend, declaring a dividend of $0.63 per share, payable on May 18.
On Monday, Tronc (NASDAQ: TRNC), formerly Tribune Publishing, announced that it has signed a non-binding letter of intent to acquire the Chicago Sun-Times, a long-time rival of the Chicago Tribune, a Tronc-owned newspaper. The Sun-Times is owned by Wrapports Holdings, a privately-held company that owns a handful of media and digital outlets including The Sun-Times, Aggrego.com, The Chicago Reader, The Straight Dope and The Muse. Terms of the deal were not disclosed.
Last week Pandora (NYSE: P) announced its first quarter financial results and operational highlights, including the launch of Pandora Premium, the company’s new on-demand subscription product. One of the biggest highlights of the quarter was subscription growth. Pandora said it now has 4.71 million subscribers, up from 3.93 million in the first quarter of 2016, representing a 20 percent increase. This included 1.3 million trial starts across subscription tiers since Premium was launched to select listeners in mid-March.
Last week Racepass launched, a subscription-based annual pass for runners of distance races. Starting at $195 per year, the entry level Racepass covers the registration costs for any three races out of a list of more than 5,000 races worldwide. In addition to discounted registration to make running races more affordable, Racepass hopes to simplify the online registration process for races. Racepass covers fun runs, 5K, 10K, half marathons and full marathons.
Last week Zuora, Inc., a cloud-based subscription management platform, announced that it will acquire Leeyo Software Inc., a financial software and services company. As a result of the deal, Zuora will add Leeyo’s RevPro to its order-to-cash product portfolio. RevPro is a rules-based revenue recognition and forecasting solution that automates revenue processes to produce consistent and accurate revenue data. The cloud-based RevPro is ASC 606 and IFRS 15 compliant, new revenue reporting standards which go into effect in 2018 for public firms and 2019 for private firms
In this week’s subscription headlines, Zuora plans to buy Leeyo to help subscription companies do a better job of tracking revenue, P&G sharpens its competitive edge with its online razor sales, and meal kit delivery service HelloFresh launches a wine subscription service. Also this week, Sports Illustrated plan to launch an OTT service, business publishers enjoy traffic spikes from LinkedIn, and early subscription adopter OnceLogix enjoys the fruits of its ‘slow and steady’ approach.
This has been a great week for Subscription Insider, wrapping up another sold-out Payment Boot Camp. We enjoyed meeting some of you and sharing the wisdom of our subscription, billing and payment experts! While that was going on, we were also working on this week’s edition of Five on Friday. In this issue, Pagefair shows how Facebook is winning with its ad block strategy, PR Daily shares how marketers can increase webinar attendance, Meredith Corp. signs 700,000 paid subscribers to The Magnolia Journal, Media Blog tells us how to create viral content in 6 steps, and CIO shares 8 things that CMOs need to know now. Enjoy!
Last week CBS Corporation (NYSE: CBS.A and CBS) reported its financials for the first quarter of 2017, including revenue of $3.34 billion, compared to $3.59 billion for the same period last year. CBS attributes the difference to its first quarter 2016 broadcast of Super Bowl 50 and an additional NFL playoff game. CBS reported net earnings from continuing operations of $454 million, compared to $442 million for the same period in 2016. However, the company also reported a net loss of $252 million, or $(0.61) per common share, compared to net earnings of $473 million for the same period last year.
MPP Global, the UK-based company that created eSuite, an e-commerce digital monetization platform for publishing and media, TV and entertainment, sports and retail, has raised $15 million (£12m) in a Series B funding round from Albion Ventures and Grafton Capital. MPP Global has worked with media organizations including the Winnipeg Free Press, News UK, Daily Mail Group, and L ‘Equipe. Most recently, MPP Global worked with McClatchy as the company makes its shift to becoming a digital-first publisher.
Last week publisher Tronc, formerly Tribune Publishing, (NASDAQ: TRNC) published its first quarter results for the quarter ended March 26, 2017. The company reported a net loss of $3 million, or $(0.08) per fully diluted share, compared to a $6 million net loss, or $(0.22) per fully diluted share, year-over-year. Tronc also reported total revenue of $366 million, down 8.1 percent for the same period last year. Tronc publishes more than 150 titles and estimates its monthly audience at 59 million.
Last Monday Washington state Attorney General Bob Ferguson announced that he’d reached an agreement with Uber, prohibiting the ride-sharing service from sending unsolicited text messages to Washington consumers. The attorney general’s office started getting complaints in 2014 from Uber customers who received unsolicited messages, including messages intended for Uber drivers. The customers said they did not know how to stop the messages, and even when they blocked the solicitations, the texts continued to come through.
In this week’s subscription news headlines, Chevrolet partners with Twitter to introduce its first-ever global video subscription content series, Marvel joins Comixology for all-you-can-read subscription comics, and some New York Times subscribers cancel their subscription over a climate change column. Also, in this week’s subscription news, we’re reading about DISH, Apple, Apple News and Rupert Murdoch.