Amazon.com is buying Audible.com for $300 million.
Amazon has increased its presence in the spokenword audio market, announcing this morning that it has agreed to acquire Audible, Inc. the country's largest provider of digital downloads of spokenword audio. Amazon is paying $11.50 per share and assuming Audible's outstanding stock-based awards, making the value of the deal about $300 million. Audible's stock price was at $9.33 the day before that deal was announced, although its shares were selling at a 52-week high of $14.22 in November. The purchase is expected to close in the second quarter.
For the first nine months of 2007, Audible had sales of $78.8 million, an increase of 34% over 2006, and a net loss of $1.5 million compared to a loss of $7.7 million in the first nine months of 2006. Commenting on the purchase, Steve Kessel, senior v-p for worldwide digital media at Amazon, said Audible "offers the best customer experience, and the widest content selection in the industry."
Audible is the exclusive distributor of spokenword audio to iTunes, which is one of Amazon's competitors. Amazon now offers digital downloads of music without DRM (Digital Rights Manangment), but Audible sells its content with DRM, meaning that buyers can't make multiple copies of what they purchased. That could be a problem. The trend is for companies to drop DRM because customers despise it so much.
The Edgar Allen Poe fan who leaves tributes at the writer's grave every year on his birthday has struck again. The mysterious visitor appeared once again, leaving three red roses and a half-full bottle of cognac. He then slipped away into the night.
Nearly 150 people had gathered outside the cemetery of Westminster Presbyterian Church, but the man known as the "Poe toaster" was, as usual, able to avoid being spotted by the crowd, said Jeff Jerome, curator of the Poe House and Museum.
The tribute takes place every Jan. 19 - the anniversary of Poe's birth.
The visitor did not leave a note, Jerome said, electing not to respond to questions raised in the past year about the history and authenticity of the tribute.
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Jerome invites a handful of Poe enthusiasts to join him inside the church every year but withholds details of the tribute in an effort to help the toaster maintain his anonymity. He said the visitor no longer wears the wide-brimmed hat and scarf he donned in the past.
In 1993, the visitor left a note reading, "The torch will be passed." A later note said the man, who apparently died in 1998, had handed the tradition on to his two sons.
This year's visitor was the same man who has come to the grave site many times in the past, Jerome said.
"We recognize him from his build, the way he walks," he said. "It would be very easy for us, visually, to see if this were a different person."
No one has managed to get a photo of the Poe Toaster. The toasts have been going on since 1949.
24-year-old Mika is a rising pop star with a unique sound and style. His recent hit song "Big Girl (You are Beautiful)" was even used for a fun Ugly Bettyremix. Song inspiration comes pretty easy for Mika. He sounds like one of those people who is overflowing with ideas.
The Lebanese-born 24-year-old, who looks certain to get a Best British Male nod in next week's BRITs nominations, is a songwriting powerhouse. The singer told me: "I don't necessarily write things to meet quotas on albums."
"It's part of the plumbing of my daily life."
"Then I curate a few songs into an album."
"I was working on my second album before I had even finished making my first."
American Dialect Society Names Subprime 2007's Word of the Year
The BBC reports that "Subprime" has been voted the word of the year for 2007 by linguists of the American Dialect Society. Most people are now familiar with the word that is at least partially responsible for sinking stocks this year.
The society says it just charts words or phrases that have become prominent in a particular year, and is not telling people how to speak.
"Subprime" means literally "less than ideal" and is the technical term used to describe loans - especially mortgages - made to borrowers with poor credit histories.
A series of defaults on such loans spread panic through much of the banking sector in 2007 as financial institutions realised they had bought many of these loans from one another without knowing how risky they were.
Some of the other interesting words used in 2007 included:
water-boarding - a form of interrogation involving simulated drowning
Facebook - a popular social networking website.
Googleganger - a person thrown up by a Google search on your name, but who is not you
Ninja - a poorly documented loan made to a high-risk borrower - someone with No Income, No Job or Assets
Wrap rage - anger brought on by the inability to open a factory-sealed package
Tapafication - the tendency of restaurants to serve food in many small portions, like tapas.
The American Dialect Society is not the only word-of-the-year selector. Earlier this year Merriam-Webster named w00t it's word of the year.
Singer George Michael has signed a multimillion-pound deal to pen a "no-holds-barred" autobiography, it has been announced.
HarperCollins said former Wham! star Michael, 44, would write the "access-all-areas" autobiography "entirely himself".
Publishers said the deal is "one of the biggest ever concluded in UK publishing", but would not divulge figures.
The book, dubbed "one of the hottest remaining untold celebrity memoirs", will cover the pop star's personal and professional life and will hit the shelves in autumn next year.
Michael's manager Andy Stephens said: "George has promised HarperCollins a no-holds-barred biography, and it's certain to be just that.
"People aren't stupid, they're beginning to notice that the truth is more interesting than the stories the press come up with."
Belinda Budge, managing director and publisher of Harper NonFiction UK, said: "This is an incredibly exciting publishing event.
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"Most importantly, this really will be a truly authentic book - and an exceptional one, as he's going to be writing it entirely himself."
No holds barred, eh? He's really going to discuss the passing out in his car, habitual drug use and getting caught trolling for "dates" in the park? If so, this one's going to sell a lot of books. Oh, and he's writing it all by himself! One hopes that certainly isn't true and that he hires a top-notch ghostwriter.
Jessica Bendinger, the writer of Bring it On and Stick It, has a video on the aworkingwriter.com website. The website includes a collection of short testimonials by members of the Writers Guild of America, currently on strike against the studios and networks.
In the video below Jessica says she has no idea how many times Stick It has been downloaded on iTunes even though it was the number one movie on iTunes for seven straight weeks. Jessica also says writing is a hard career and a lonely career. She said she would probably be selling her house right now if it wasn't for residuals. Internet residuals is one of the main reasons WGA writers are on strike. (via Huffington Post)
WGA spokesman Gregg Mitchell says the WGA has not decided whether or not to grant a waiver for the Grammys but if they are asked the answer will probably be "No." That would be consistent with the WGA's Golden Globes waiver denial.
"While no guild decision has yet been made regarding the Grammys, if a waiver is requested for the Grammys, it is unlikely to be granted," said WGA spokesman Gregg Mitchell.
The L.A. Timessays the WGA has not made a decision on whether or not to picket the Grammys.
The Grammys are produced by John Cossette Productions in association with Ken Ehrlich Productions, and are written by Ehrlich and author/journalist David Wild. Mitchell says there's been no decision yet as to whether or not the WGA would picket the Grammys, which air on CBS. Mitchell notes that there have been "no discussions yet" with the production companies involved with the Recording Academy's awards show.
Entertainment Weeklysays it is unclear how this will impact the Grammys. There are some actors and musician-actors who may decide not to cross picket lines and choose not to attend.
Since the Grammys honor musicians, not actors, it is unclear how much impact the WGA's decision will have on the show, though the dozen or so actors who typically present awards would not be involved. Last year, Quentin Tarantino, Luke Wilson, Nicolas Cage, Terrence Howard, Samuel L. Jackson, Chris Rock, and David Spade appeared on the show. This year's nominees also include a number of musicans who have appeared in movies or TV, among them Justin Timberlake, Queen Latifah, Tim McGraw, Beyonce, Jack White, Jon Bon Jovi, and Fantasia. Among the Grammy nominee musicians who have historically refused to cross a picket line are Bruce Springsteen, the Beastie Boys, Joni Mitchell, John Mellencamp, and Steve Earle. And, obviously, writers would not contribute to the ceremony's script, though compared to other awards shows, the Grammys are a performance-heavy event.
Musicians not involved with films may still decide to attend. It sounds like what we will see is a watered-down version of the Grammys. The Grammys are scheduled to air on February 10th at 8PM on CBS.
Robert Frost, the famous New England poet, had a summer home in Vermont, which has been maintained since his death and is open to visitors in the summer. But the home was badly vandalized
by underage drinkers last weekend.
Homer Noble Farm, a historic landmark in Ripton, Vt., was ransacked Friday night during what police say was a party attended by up to 50 young people.
No arrests have been made, but police said Monday that they have tracked down some of the partygoers and believe they are minors.
Police Sgt. Lee Hodsden says the intruders broke a window to get into the two-storey wood frame building - a furnished residence open to tourists in the summer.
Once inside, they destroyed tables, pictures, windows, light fixtures and dishes. Wicker furniture and dressers were smashed and thrown into a fireplace and burned, apparently to provide heat.
Empty beer bottles and cans, plastic cups and cellophane, apparently used to hold marijuana, were also found.
Hodsden said the vandals vomited in the living room and discharged two fire extinguishers inside the building, located on a dead-end road.
The caretaker had left on Friday and a hiker discovered the damage. What a bunch of losers! We hope the Vermont police track them down and throw the book at them. It sounds like there will be plenty of DNA evidence at the crime scene.
Some of the best songwriters in history are almost totally
anonymous. But these songwriters, who cared more about writing
a hit song than recording one, had very interesting lives. In
this sixth article in her ongoing series, Mary Dawson looks at
composers of our favorite television theme songs. Mary takes
a look at the names behind the melodies that have become part
of our popular culture and the interesting stories behind the
creation of the theme songs from The Andy
Griffith Show and Cheers.
Merriam-Webster has named its 2007 words of the year. The #1 word is w00t which is technically written with two zeros in the middle of the letters but many people write it as woot using the letter "o" instead of zeros. Woot is an expression of excitement that originated with gamers. Merriam-Webster says w00t is the "ultimate word of gaming celebration." The interjection is now used frequently online and can often be seen in blog and forum comments. The Urban Dictionary's entry for w00t contains this example of w00t usage: "I passed my test! Woot!"
Here's the top ten words of the year from Merriam-Webster.
These are the words for the online Merriam-Webster Open Dictionary. It contains words that are not include in the print edition. As Wired notes if w00t can make it then pwned (another term that originated with online gaming) probably can too.
Tom Wolfe has left
longtime publisher Farrar, Straus and Giroux and has signed with Little, Brown.
"The opportunity to work with the American master Tom Wolfe is the kind of thrill and challenge that people entering book publishing dream of," Little, Brown Publisher Michael Pietsch said Wednesday.
"Tom Wolfe is one of the great writers of his generation and he has been one of FSG's most significant and best-loved authors," Farrar publisher Jonathan Galassi said. "We are sorry to part company, and wish him all happiness and success in this next phase of his work."
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His new novel, "Back to Blood," will be a "Bonfire"-like tour of Miami, taking on "class, family, wealth, race, crime, sex, corruption, and ambition." Among the characters: a Cuban nurse married to a French sex doctor, a Haitian woman "who passes for Anglo" and "a freshman journalist on the trail of a Russian-mob-comes-to-Miami story."
Publication is scheduled for 2009.
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According to a publishing official familiar with negotiations, Farrar, Straus and Wolfe could not agree on a new contract: Having lost money on "Charlotte Simmons," the publisher was offering a reduced advance for "Back to Blood."
Wolfe will be working with one of his former Farrar editors, Pat Strachan. Everyone claims the parting was amicable.