Wednesday, September 21, 2011

Morning Brief: WSJ says the next Apple event is set for October 4; Kindle library lending program begins in Seattle; Glam Media buys social website company Ning

The WSJ's John Paczkowski said this morning that the date is October 4, the day Apple unveils the iPhone 5, and the first event where Tim Cook runs the show as CEO.

The date makes sense – even more so as the story seems to have been embargoed until this morning, appearing online at 3 AM.
While Apple could certainly change its plans anytime, sources said that the October 4 date has been selected by the company to showcase the iPhone 5. Sources added that the plan is now to make the new device available for purchase within a few weeks after the announcement.
"Sources", huh? Well, all this makes sense and is totally predictable, after all I started the week by stating that this was the week we'd learn the date for the event.

Amazon's Kindle library lending program has begun in Seattle, Brier Dudley of The Seattle Times reported yesterday. The first two libraries conducting beta testing are the Seattle Public Library and King County Library System.

"It's a big deal for us because so many of our patrons have purchased Kindles, and they've been asking for the longest time," said Bill Ptacek, director of the King County Library System.

According to Amazon, the program will be introduced to 11,000 libraries in the U.S. Amazon is working with Overdrive, a distributor of ebooks, audiobooks and other digital media.

Amazon has set up a Public Library Books for Kindle page which explains the program.

Glam Media has acquired the social networking site Ning, Bloomberg pegging the sales price at $150 million. Ning co-founder and chairman Marc Andreesen will join the Glam Media board.

It is a disappointing ending for the start-up that looked to have plenty of potential when first launched but seemed to have stalled. As a result, the sales price, if true, is only a bit more that all the money Ning raised through the years.