Yahoo confirms $1.1 billion Tumblr acquisition (CNET) Yahoo announced the news on Monday, saying that it "promises not to screw [Tumblr] up." Yahoo paid $1.1 billion for Tumblr, and the company has confirmed that "substantially all of which is payable in cash." When can a book be digital-only, and when does it need to be print too? (paidContent) Book publishers discussed digital-first and digital-only initiatives at the Making Information Pay conference this week. OverDrive & SourceBooks Test Lending Same eBook to Millions of People (AppNewser) OverDrive has launched a pilot program that will allow millions of library patrons to check out the same eBook all at once...

By Christina Jones Rumors are swirling that Yahoo is in talks to acquire Tumblr. Apparently Ken Goldman, Yahoo’s CFO, explained the Internet giant’s concern for its aging users. In an attempt to appeal to the 18-24 year-old-demographic, they’re seriously considering bring Tumblr on board. “One of our challenges is we have an aging demographic,” explained Goldman at JP Morgan’s Global Technology conference. “Part of it is going to be just visibility again in making ourselves cool, which we got away from for a couple of years.” Tumblr is certainly gaining momentum in popularity, traffic and revenue. Just last month, comScore reported the...

BookLikes has been in beta version for quite some time, but the website has now launched its full release. The site seems to combine different aspects of social media sites such as Tumblr and Goodreads to become a place for readers to share thoughts and reviews. BookLikes is not just limited to reviews. Users can create different posts about anything. You can also follow other users, read their posts and discover books they've read. Social site I tested the site out briefly and uploaded a review I had previously written. It really reminds me a lot of Tumblr in different ways. There are “Dashboard”...

Tumblr has millions of active users, creating 90 million new posts a day. There are informative sites, funny sites and reflective sites. Throughout the years, some of Tumblr’s sites have become so popular some have even gotten book deals – well, 70, to be exact. Tumblr CEO David Karp revealed that number at the paidContent Live event earlier this month. “What’s even more interesting to me than people going through traditional paths are people who are using those new emerging platforms,” he said. “What’s so exciting to me about Tumblr as a media network today is this new generation of creative commercialization...

Looks like no social media channel is immune to ads. Today, Tumblr joins the ranks with ads on their mobile devices. Here’s the announcement on their blog. They seem similar to Twitter promoted posts, and the Tumblr staff assures us we’ll only see them “every now and then.” Naturally, I fired up Tumblr on my iPad to see what they look like. Here’s an example: That’s not too bad. It’s animated, which didn’t come through in the screen shot. If I hadn’t been looking specifically for it, I might have missed it since this is the sort of thing the blogs I follow...

Tumbler Now Nurturing Authors (Media Shift) eBook Sales Data, the Truth is Out There (Futurebook) Zinio Laucnes 'Z-Pass' Subscription Program (Good E-Reader) Courts Adopt Aggressive Approach in Cross-Border Internet Jurisdiction Cases (Michael Geist) Kindle Daily Deal: The Devil Colony by James Rollins (+ 3 others)...

It’s certainly a great age of uncertainty for publishers. These are the days when publishers, scared silly by Amazon’s price-chopping tactics, (allegedly) band together to try to put an end to them—and then get told that’s a big no-no and the Department of Justice will see them in court. Falling margins, the uncertain future of bookstores, changing public tastes, piracy, scanning, self-publishing…sometimes I think it’s a wonder there’s any Pepto-Bismol left in New York City. These are the days when you would think that publishers would be desperate to smarten up—to develop some better judgment about the kinds of...

From their blog: We’re bringing DailyLit books to Tumblr. In case you aren’t familiar with it, Tumblr is an innovative blogging platform that allows you to follow friends’ blogs and easily share posts. Tumblr joins DailyLit’s other distribution platforms: email, RSS, and Viigo. We’re kicking things off tomorrow–Tuesday, March 30–with our first three, what should we call them? Tumblebooks? Tumblogbooks? Tumblooks? Anyway, you can find them here: Alice’s Adventures in Wonderland Emily Dickinson’s Poems The Art of War We hope you’ll join us in this new way to read together!...