This column highlights the most interesting business and financial commentary on media every week.
Link: Best Buy Tablet Coming in November
(NASDAQ:AAPL) has the iPad, Amazon
(NASDAQ:AMZN) has the Kindle Fire HD and Barnes & Noble
(NYSE:BKS) has the Nook HD+. Clearly feeling left out, Best Buy
(NYSE:BBY) is going to enter the tablet fray with its own device, the Insignia Flex. According to Reuters
, the tablet will sell for between $239 and $259.
“Best Buy didn’t offer any details about the screen type, onboard storage or connectivity, but given the low price point, we’re not expecting it to compete against the higher-tier 10-inch tablets. The tablet should hit stores on Nov. 11.”
Digital Music News
Link: I'm a Successful Artist, Yet the Digital Music Industry Has Become My Enemy
“Benn Jordan is the kind of successful artist you've never heard of. The Chicago-based jazz musician has written for Dove and Verizon
(NYSE:VZ), he's won a number of accolades in Europe including a top prize at the Cannes Film Festival. He's even scored a Webby Award.
“The problem started when an unknown dubstep artist stole one of his most popular tracks, barely 'remixed' it, and then started selling it successfully on iTunes, Spotify, Rhapsody, Google
(NASDAQ:GOOG) Play, and a number of other major digital music outlets. The stolen version simply adds some bird chirps, yet this version - by the 'artist' ironically called 'Inventor' - shows up first in search results on most major services.”
Wall Street Journal Speakasy
Link: 'Binders Full Of Women' Spawns Three-Ring Circus on Web
“During last night’s presidential debate, Gov. Mitt Romney said he requested and brought ‘binders full of women’ into his Cabinet selection process in Massachusetts, when previously the candidates on offer were predominantly male. Perhaps unsurprisingly, the remark, ‘binders full of women’ went viral.
“The hashtag #bindersfullofwomen trended on Twitter, and there is now a Twitter account for @Romneys_Binder with more than 14,000 followers. A new Facebook
(NASDAQ:FB) page called ‘Binders Full of Women’ had received 274,000 ‘Likes’ as of this writing. Posts on the Facebook page link to articles about inequality in gender pay, as well as analysis of the candidates’ positions on women’s rights in workplace.”
Link: Reddit, Freedom of Speech, and the Dark Side of Community
“Unless you spend a lot of time on Reddit, the discussion-forum community that more or less took over after Digg sank beneath the waves, you may have missed the latest storm of controversy over content posted on the site’s various “sub-Reddits” or topic pages. Although Reddit has played host to some fascinating journalistic features recently — including the reporting of a mass shooting in Colorado and an open question-and-answer session
with President Barack Obama — it is also well known for its less savory elements, such as a page devoted to creepy (but likely not illegal) photos of women. The way that this modern morality tale has played out over the past few days
says some interesting things about free speech and the darker side of the open community that Reddit has become.”
Wall Street Journal Professional
Link: Amazon Struggles to Crack Publishing
"Amazon has had lots of success in book retailing. But cracking the publishing business hasn't been as easy.
“Take one of Amazon's biggest titles for fall, actress and director Penny Marshall's memoir My Mother Was Nuts
. In its first four weeks on sale, it has sold just 7,000 copies in hardcover, according to Nielsen BookScan. By comparison, actor Rob Lowe's memoir, 2011's Stories I Only Tell My Friends
, published by Macmillan's Henry Holt & Co., sold 54,000 hardcover copies in its first four weeks.”
No positions in stocks mentioned.