Following its recent acquisition of Tumblr, Yahoo is in advanced talks to purchase social video app Qwiki for $50 million, according to sources familiar with the matter. The New York startup’s iPhone app allows users to create short movies from photos, music and video clips. Yahoo paid more than $1.1 billion for Tumblr several weeks ago and is reportedly close to purchasing San Francisco-based address book app creator Xobni for $30-$40 million. Continue reading Yahoo Continues Shopping Spree of Mobile App Companies

If rumors prove true, Facebook’s photo-sharing app Instagram may soon include the ability to take and share short videos, similar to how Vine works. Following the company’s release of a hashtag feature and the rollout of its new iPhone and Android features, Facebook has scheduled a product launch event for Thursday in Menlo Park. “A small team has been working on a big idea,” reads the invitation. “Join us for coffee and learn about a new product.” Continue reading Mysterious Facebook Press Event to Unveil Instagram Video?

Social media platform LinkedIn has been making the transition from a utilitarian network designed for business professionals to something much more dynamic. Since October, LinkedIn has been offering original content authored by a select group of “Influencers,” leaders from a variety of fields that post their thoughts on life, careers and success. Traffic to all LinkedIn’s news products has increased eightfold since the Influencers were introduced. Continue reading LinkedIn Turns to Influencers to Enhance Publishing Efforts

News Corp. is planning a social networking expansion of its Wall Street Journal website, which will transform the site into a platform intended for more than simply delivering news. Lex Fenwick, CEO of Dow Jones, described the company’s plans during an investor day earlier this week. The focal point of the platform is a feature called WSJ Profile, which allows users to post what is essentially a digital resume and features social functions that could compete with LinkedIn. Continue reading News Corp. to Launch Social Network for Wall Street Journal

Pandora is launching a new Facebook application called the Pandora Timeline App that integrates its mobile applications and website so that users can easily share their favorite music and discover new artists that are popular with their friends. The app has been updated with the new Facebook feature for iPhone and Android users. Users can customize which music they opt to share and can specify which categories (listening activity, likes and follows) to share. Continue reading Pandora Timeline App Hopes to Leverage Mobile and Social

In its effort to become a news destination for young adults, BuzzFeed announced it will debut “CNN BuzzFeed” today, a new YouTube channel based on CNN reporting. It plans to feature current and archival content (about three videos a week to start), designed for sharing via social media platforms. BuzzFeed already has several YouTube channels, but the CNN partnership marks its most comprehensive with a traditional media company. Continue reading CNN BuzzFeed to Launch Today: Targets 18-34 Demographic

NBC News announced on Monday that Deborah Turness, formerly the editor of ITV News in the UK, will become the news division’s president beginning August 5, filling the seat vacated by Steve Capus in February. Turness will report to Pat Fili-Krushel, chairman of NBCUniversal News Group. The appointment marks the first time a female executive has been named network news division president in the United States. Continue reading Turness Appointed President of NBC News in Industry First

The launch of new magazine-style content channels is another step by LinkedIn toward becoming an online media entity with a focus on business news. The social network revamped its LinkedIn Today offering yesterday with a simpler design, the introduction of 20 channels (or categories) of news, multiple options for sorting content, and revised email digests. Users can subscribe to channels and authors who are part of the Influencer program. Continue reading Revamped LinkedIn Today Features New Content Channels

The Huffington Post has finally found a cable TV home for its eight-month-old Internet video channel, HuffPost Live. Starting in mid-May, HuffPost Live will air on Mark Cuban’s AXS TV (previously known as HDNet) daily from 10:00 a.m. to 4:00 p.m. Some of the online interactivity is expected to be emulated by showing online comments on the side of the TV screen, and an app will later encourage viewers to submit comments. Continue reading Online Video News Channel HuffPost Live Coming to Cable

The live streaming site Ustream increased its viewership recently with the help of citizen journalism. During the manhunt for Boston bombing suspect Dzhokar Tsarnaev, live information was streamed from a police scanner via the free platform. The site drew an audience of 2.5 million, with 265,000 simultaneous viewers at its peak moment. Notably, nearly half tuned in from their mobile devices. Continue reading Citizen Journalism: Ustream Covers Boston Manhunt Live

The Associated Press Twitter account was hacked yesterday with a false report involving explosions at the White House. The account was quickly suspended, but not before the news had been retweeted thousands of times, resulting in a temporary yet sharp drop in the Dow and news outfits clamoring to ascertain details. Although the account is active again, the news agency has nearly 2 million less followers, which Twitter explains could take up to 24 hours to repair. Continue reading AP Twitter Account Hacked: Underlines Need for Security

HuffPost Live was voted the most innovative media product to emerge in 2012 by Mashable readers, beating out other contenders such as Dark Sky, Flipboard, Timehop and RebelMouse. HuffPost Live is a Web-only video news service that launched in mid-August. It provides twelve hours of live video every weekday. Could it be a new direction for the delivery and consumption of news? Continue reading Innovation: Will HuffPost Live Reinvent Cable News for the Web?

• Scribd — a Web site that lets users share reports, personal stories and recipes — revealed plans this week to launch a digital newsstand that provides a vast library of news to readers for a monthly fee, similar to the Netflix subscription service model.
• The newsstand, named Float, is the latest in a collection of strategies that have attempted to make money from online news. Other news hubs include Flipboard, Zite, Pulse, News.me and Ongo.
• Publications that are made available via Float will receive a share of the revenue after the subscription program launches this fall (although subscription fees and the amount to be shared with publishers have yet to be announced).
• Float will introduce a free version this week featuring articles from 150 publications such as The Associated Press, People, Fortune, Salon and Time magazine (publishers participating in the free version will share in the advertising revenue).
• Float will initially be available to consumers online and through an iPhone app, while Android and iPad versions are expected at a later date.