washington post

drag2share: Jeff Bezos Thinks 100% Ad-Supported Businesses Are Bad For Users (AMZN)

source: http://feedproxy.google.com/~r/businessinsider/~3/RFdZb9O7LOo/surprise-jeff-bezos-thinks-ad-supported-businesses-are-bad-for-users-2013-9

Jeff Bezos

Jeff Bezos met with Washington Post staffers for the first time since he decided to buy the newspaper yesterday.

Washington Post reporters tweeted out Bezos quotes from the question and answer he did with the staff.

Here are the two that I found most interesting. 

He doesn’t want the Washington Post to be 100% ad-supported because then the advertiser becomes the customer. The reader should be the number one customer, according to Bezos. 

On competition: JB worried abt any product that’s 100 percent ad-supported, because then you “start thinking your customer is advertisers.”


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Thursday, September 5th, 2013 news No Comments

drag2share: Jeff Bezos Bought The Washington Post For Four Times Its Worth

source: http://feedproxy.google.com/~r/businessinsider/~3/4HZjexZf2j0/jeff-bezos-bought-the-washington-post-for-four-times-its-worth-2013-8

jeff bezos (Reuters) – Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States.

The multibillionaire founder of online retailer Amazon.com Inc may have paid more than four times the price that the financial results of the Washington Post suggests it is worth.

In Monday’s deal, Bezos agreed to buy the Post and a handful of other newspaper assets from the Washington Post Co for $250 million. Going by the valuations of other newspaper deals and publicly traded media companies, though, the Washington Post would have been worth closer to $60 million.

The average sale of a metro U.S. newspaper has commanded a valuation of 3.5 to 4.5 times earnings before interest, taxes, depreciation and amortization (EBITDA), according to Reed Phillips, managing partner of the media investment bank DeSilva and Phillips.

Morningstar analyst Liang Feng estimated that the Washington Post‘ s newspaper division posted EBITDA of $15 million last year, not including pension liabilities. Washington Post CEO Donald Graham said the newspaper division was profitable last year but declined to give a figure.

Based on those estimates, Bezos paid about 17 times 2012 EBITDA.


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Wednesday, August 7th, 2013 news No Comments

How Technology Actually Saved A Paper-Based Small Business

Source: http://www.businessinsider.com/ilm-corporation-survives-rise-of-computers-2013-6

Jason Cohen

People have predicted that technology would destroy Jason Cohen’s family’s company for decades. Document management does sound pretty old-fashioned. But Cohen, recently named Virginia’s Small Business Administration Small Business Person of the Year, has managed  not just to keep his company alive, but also to turn technology into an opportunity.

ILM Corporation was started in 1976 with technology for converting hardcopy materials into electronic files and manage them. As more companies started keeping their own digital files, however, business started drying up.

Soon after Cohen joined ILM in 1992, the staff had shrunk from hundreds to only six people. It was a rough period.

“You don’t avoid the pitfalls,” Cohen told Business Insider. “We all go through them and a good friend of mine once said, ‘tell me what change isn’t bloody, ugly, and messy.'”

Cohen started turning things around after buying the company from his parents in 2001. While technology had killed some jobs, like picking  up The Washington Post at 2 A.M. to digitize it, technology also opened new opportunities.

“Our love affair with paper has diminished somewhat in terms of how we’re using it,” Cohen says, “but the amount of information has expanded exponentially.”

These days people expect that information to be accessible faster than ever.

 

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Monday, June 24th, 2013 news No Comments

Pentagon report: Chinese hackers accessed F-35B and other advanced US weapons systems

Source: http://www.engadget.com/2013/05/28/china-hacking-advanced-us-weapons/

Pentagon report China hacked F35B and other advanced US weapons systems

Many of the Pentagon’s most advanced weapon systems — including the F-35 Joint Strike Fighter and PAC-3 Patriot missile system — were compromised by Chinese hackers, according to a classified document obtained by the Washington Post. The list of weapons was part of an earlier DoD report condemning Chinese cyber-espionage activities, but had been confidential until now. Other systems hacked are said to include the Terminal High Altitude Area Defense (THAAD), the Navy’s Aegis ballistic-missile defense system, the F/A-18 fighter, V-22 Osprey and the Littoral Combat Ship used for shore patrol. Many of these form the foundation of defense systems from Europe to the Persian Gulf — and their breach goes a long way towards explaining Washington’s unprecedented dressing-down of China.

 

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Tuesday, May 28th, 2013 news No Comments

Obama Gets A Hurricane Sandy Bump, Pulls Back Into A Tie With Mitt Romney

Source: http://www.businessinsider.com/obama-hurricane-sandy-bump-wapo-poll-2012-10

Bolstered by his response to Hurricane Sandy, President Barack Obama gained one point to pull back into a tie with Mitt Romney in the latest Washington Post/ABC News tracking poll.

According to the survey, 78 percent of likely voters polled had positive views of the way that the president has handled the “super storm” – a number that includes two-thirds of Romney’s supporters. In contrast, just 44 percent of those surveyed had a net positive view of how the Republican candidate responded to the storm. 

The chart below breaks down those results: 

wapo abc news poll chart sandy response

It is too early to tell, however, if that support for Obama will affect his overall standing in the race. The results of the four-day tracking survey include only one night of interviews with voters after the storm hit, so we will have to wait for Thursday and Friday’s results to see if the storm has any real effect on the dynamics of the presidential race. 

Overall, Obama and Romney are tied, 49% to 49%, among likely voters. Those numbers are consistent with the rest of the poll’s results, which have shown the race between one point since daily tracking began on October 18. 

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Join the conversation about this story »

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Wednesday, October 31st, 2012 news No Comments

Comcast’s extra ads ruin NFC championship game conclusion in some areas

Source: http://www.engadget.com/2012/01/23/comcast-xfinity-ads-interrupt-nfc-championship/

It wasn’t just RIM that had designs on the limelight during the football action last night. Comcast commercials appeared over the NFC Championship game last night, thoughtfully playing over the climax of the match ‘twixt the Giants and the 49ers. Frustrated fans who missed out on parts of the fourth quarter and overtime promptly began voicing dissent on the company’s support forums. The Washington Post has a quote from spokesperson Amiee Metrick indicating the problems were due to a possible “equipment failure” at a local Fox affiliate, WTTG, resulting in the ill-timed ads reported in Washington D.C. We’ve heard that of customers receiving a $10 credit and an apology, but it seems unlikely to soothe the brow of those — like the person who recorded video of the incident you can see after the break — thinking of switching to FiOS.

Update: We’ve received a response from Comcast (included after the break), and updated the post to clarify the apparent breakdown was at local Fox affiliate WTTG.

[Thanks, John]

Continue reading Comcast’s extra ads ruin NFC championship game conclusion in some areas

Comcast’s extra ads ruin NFC championship game conclusion in some areas originally appeared on Engadget on Mon, 23 Jan 2012 15:22:00 EDT. P! lease se e our terms for use of feeds.

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Tuesday, January 24th, 2012 news No Comments

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