Earlier this week Amdocs (NASDAQ: DOX), a customer experience solutions provider, announced the acquisition of three privately-held companies - Vindicia, a subscription billing firm; Brite:Bill, a billing communications platform; and Pontis, a digital customer engagement specialist - for $260 million in cash. The acquisitions are in line with Amdocs' digital strategy and will help them become a market leader in providing digital solutions to their customers.
Despite reporting a first quarter loss of $14.8 million earlier this month, Tronc (NASDAQ: TRNC) went on a spending spree this week, purchasing The Virginian-Pilot Media Companies, LLC including The Virginian-Pilot, Virginia's largest daily newspaper, for $34 million in cash from Landmark Media Enterprises. The newspaper was founded in 1865 and has Sunday circulation of about 132,000, at the end of 2017. The acquisition also includes PilotOnline.com which had 1.9 monthly unique visitors in March 2018, Pilot Targeted Media and The Virginian-Pilot's real estate portfolio which include its Norfolk headquarters, its printing and distribution facilities in Virginia Beach and satellite offices in Norfolk and North Carolina.
Subscription-based companies are constantly changing and evolving. Here are updates on some of the stories we've covered over the last few months: Ashley Madison: Hackers follow through on threats to expose personal data, reports Digital Trends. Earlier this week the Impact Team released private data on the dark web, exposing the personal information of millions of customers. The data includes names, contact information, credit card data, and sexual preferences. While the information is currently only…
Last week Macmillan announced that it would double its ebook offerings on Oyster and Scribd, adding about 1,000 titles to each ebook subscription service, says Digital Book World. The additions include titles of popular back-list fiction as well as nonfiction ebooks, including titles from well-known authors like Rachel Cusk, John McPhee, Grace Paley and Robert Jordan, reports Digital Trends. The expansion will not, however, include Macmillan's new releases. This news comes just six months after Macmillan's…
Wow - we are stilled surprised by some of this week's headlines, but particularly the ambulance subscription service! That's innovation. Also here, ICYMI, we have headlines about Vimeo, Windows 10, Classmates.com, FTD and much more. Why Publishers Struggle to Monetize Their Paywall Data Digiday It's Official: Windows 10 to Launch July 29 as a Free Upgrade Digital Trends Amazon, Apple and Google Step Up Their Game Subscription Insider Vimeo Introduces Subscription Video Tools for Creators Multichannel News Enrollment Offered for Ambulance Subscription Plan The Star…
Taking a break from the MLS conference semi-finals, the World Series or the kick-off of the NBA season? We've got some interesting subscription features for you. McClatchy lays off 30 employees as it continues its digital transformation, Meredith Corp sells the MONEY brand to Ad Practitioners LLC, and American Press Institute shares examples of how publishers have successfully retained subscribers through engagement. Also this week, Netflix is raising $2 billion in debt to pay for content, and the Financial Times adds consultancy to its list of services to help other publishers learn from their paywall success. Last week, in an email to staff, McClatchy president and CEO Craig Forman outlined big changes coming to the organization as it continues its digital transformation, reports Poynter. The changes include leadership shifts and changes to functional areas (News, Finance, Customer and Product, and Operations). They also include layoffs of about 30 employees, or 1% of staff. None of the layoffs will come from reporting positions.
In merger and acquisition news, last week Salesforce (NYSE: CRM), a cloud-based CRM provider, agreed to acquire MuleSoft (NYSE: MULE) for $6.5 billion. MuleSoft provides platforms for building application networks that connect enterprise apps, data and devices, both in the cloud and on site. The company has more than 1,200 customers including Coca-Cola, Audi, AT&T, Unilever, Netflix, Intuit, Amtrak and Anheuser Busch. MuleSoft will be used to power Salesforce's new Integration Cloud to offer and improve personalized, customer experiences.
In this week's subscription news, the New York Times reports a loss, Vimeo acquires VHX, an FTC complaint is filed against magazine subscription scammers, and digital transitions are painful. We've got those headlines and more to keep you "in the know."
This year's top subscription stories include major acquisitions, antitrust concerns, lots of layoffs, an abundance of launches and more.
SiriusXM is expanding its podcast offerings by acquiring podcast platform Stitcher from Scripps. Terms of the deal were not disclosed.