The continuing legal attacks on Napster, the free file-sharing software, and on MP3.com, the downloadable music site, have spooked investors, according to the financial press. MP3.com's stock got hammered hard, dropping by about 40% almost immediately in the wake of a recent decision by US District Court judge Jed S. Rakoff in favor of the Recording Industry Association of America's copyright-violation complaint against the Internet startup.
Back in January of this year, we reported that loudspeaker manufacturer Polk Audio had purchased an interest in Genesis Technologies, a loudspeaker and digital electronics manufacturer, with an option to buy the company in three years. Last week, however, Polk announced that it has decided to pass the company on to new investors.
The Home Entertainment 2001 show, held in New York City May 11–13, 2001, received high marks and a standing ovation from show attendees, who came to experience some of the most innovative and exciting consumer electronics products in decades.
Satellite radio may become one of the most successful communications formats ever launched, according to predictions from market research and analysis company The Yankee Group. A new report suggests that satellite radio will take off the way cable TV did back in the 1970s; the result may create permanent changes in the radio industry.
Primedia has announced The Connected Guide To The Digital Home, the first consumer magazine dedicated entirely to adopting and integrating audio, video, information, telecommunications, security, and other personal and home technologies. Formerly known as Audio Video Interiors (AVI), the standard-bearer for the home theater revolution, The Connected Guide To The Digital Home is being introduced as the natural evolution of AVI.
We are seeking a seasoned sales professional to sell both print and online advertising in west coast territory for 2 leading enthusiast magazines and 3 websites in the home entertainment/consumer electronics industry.
Strong sales, presentation and negotiating skills
Develop new and cultivate existing business within the region (consultative sales skills a must!)
Ability to develop key client, agency and industry relationships at all levels.
Innovative and creative sales approach with strong business acumen
Must be well organized and have excellent verbal and written communication skills.
Promote and sell high-profile special projects (i.e. single-sponsored special sections, supplements, online events)
Travel for in-person client meetings and tradeshows
Prospect within territory for all potential advertisers
Maintain and grow substantial existing advertising base
Maintain database of all advertisers and prospects within territory
Plan and execute strategy to communicate features/benefits of all products to prospects and advertisers
Know all products and how to best present them
Follow through on sales and commitments with advertisers, prospects and peers
Submit thorough, accurate, timely reports and paperwork
Research prospects and advertisers to be familiar with their businesses
Revenue growth for online, print, events, sponsorships and custom publishing
Experience in making sales calls and closing business is a MUST
On Monday, July 2, 2001, Primedia announced that it has agreed to acquire emap usa from Emap plc. This transaction, which will create the second largest magazine company in the United States, is currently under a customary regulatory review. It is expected to close during the third quarter of the calendar year.
In an "increasingly complicated and competitive media environment," public broadcasting intends to be there. So declared the Corporation for Public Broadcasting on March 30, when it announced an almost $2 million investment in projects for National Public Radio and Public Interactive. CPB has long held the intellectual high ground in broadcasting, and its new investments are intended to continue that tradition. The goal of the program is to create "new content and services which will broaden the public square of ideas and civic discourse," according to a corporate press release.
Hard as it is to believe, next year will be the 40th anniversary of Stereophile's famed "Recommended Components" feature. J. Gordon Holt first set the list to paper when the Beatles were first breaking big in the US, and its April and October appearances have stood as biannual audiophile institutions ever since.