Tuesday, October 25, 2011

Morning Brief: Mag+ announces design contest, winner gets free app; Lee Enterprises issues revenue warning

Designers are being offered a chance to win a free iPad app through a contest from mag+, the digital publishing solutions company. Mag+ will select two winners from those designs that are entered, each winner getting their app published to the iPad, a prize worth £1,700 ($2,500). The full contest details can be found on the Mag+ website.
Whether that app is a festival programme, recipe book, glossy magazine, album notes, children’s book, blog digest, annual report, user manual, or yet unimagined digital publication, Mag+ breathes life into it. – Mag+ contest announcement.

Mag+ will select a short list from those who enter their designs, and then they will conduct a public voting on the Mag+ website to select one of the two winners. The other winner will be selected a Mag+ panel of design experts.

Lee Enterprises is the latest newspaper company to report disappointing earnings and to warn about the upcoming quarter.

Yesterday, the publisher of the St. Louis Post-Dispatch and more than 40 other newspapers said it lost $156 million in fiscal Q3, blaming an accounting charge for a majority of the loss. But the publisher also said its revenue fell 5 percent to $187 million, according to the AP.

The fourth quarter doesn't look much better as Lee warned that it expects revenue of about $181.4 million. Lee will report Q4 earnings on November 7.

Rumors continue to swirl about Apple getting into the television set business. Late last night Bloomberg added to the rumor mill by adding a name, Jeff Robbin.

According to the report, Robbin, who worked on SoundJam, the precursor to iTunes, is now "guiding Apple’s internal development of the new TV effort."

Bloomberg claims to have three people who confirm the claim, though I know at least two people who say I'm a pretty nice guy. OK, I know one person who will say that.