Tuesday, November 8, 2011

Morning Brief: Oops, that mic's not on, is it?; Demand Media still in the red, just less so; ABC mobile survey

If Ronald Reagan's famous open mic line – "We begin bombing in five minutes" – reflected more than a little bit of truth about how he felt about the Soviet Union, then the remarks by French President Nicolas Sarkozy and US President Barack Obama may also reveal a bit of their true feelings.

Speaking about Israeli prime minister, Binyamin Netanyahu, the French president said to Obama "I cannot stand him. He's a liar," in reference to the Israeli prime minister. According to reports the US president responded "You're fed up with him? I have to deal with him every day."

Apparently neither head of state was aware that they had microphones attached and live. Oops.

The remarks probably won't hurt Sarkozy simply because his popularity is already low (a recent poll revealed that 60 percent of the French surveyed disapprove of this leadership), but Obama is running for re-election and there is no doubt that those who say Obama is not a strong enough supporter of Israel will pounce on the remarks.

Demand Media reported its Q3 earnings last night. The company was able to report that it lost quite a bit less money in this year's third quarter than it did last year – $4.1 million versus $8.7 million.

The pared losses helped the stock recover a little bit of its value, though at $8 per share it is well below its IPO launch price of $17 per share.

The Audit Bureau of Circulations (ABC) and ABC Interactive released their third mobile survey yesterday which shows that publishers continue to fill out their mobile media strategies. According to this year's survey, 50 percent of those media companies surveyed say they have a well-developed plan for mobile, as opposed to 28 percent in 2009.

"This year's survey results show the great strides publishers have made during the last two years and how they are preparing for a future where smartphones and tablets are a ubiquitous part of everyday life," said Neal Lulofs, executive vice president and general manager, ABC Interactive.
Eighty-five percent of survey respondents said they currently have mobile content for smartphones, e-readers or tablet devices, up from 76 percent last year. Newspapers (88%) were most likely to have mobile initiatives in place, followed closely by consumer magazines (83%) and business publications (79%). Publishers cite development and maintenance costs as the primary reason they did not have a mobile presence. – from the ABC survey announcement.

Zillow issued an update this morning for its iOS apps. The app description state that the app update fixes several bugs.

Hopefully the app update will fix the one bug that annoys me most: every time I check the Zillow price of my home it shows that the price has gone down – that can't be right, can it? (ugh)