Apple CEO promises record holiday sales; Bauer Media sells titles to investor group
Morning Brief: The Australian magazine division has sold off the Adventures publications to an investor group led by the general manager running the group, Robert Gallagher
This is not the way I am sure Cub fans thought this would start: after waiting 71 years, they have to endure a 6 to nothing drubbing in Game One of the World Series.
But as I said on Twitter, they should cheer up. When I was a kid, I watched my team, the Detroit Tigers, get mowed down by Bob Gibson in Game One of the ’68 series. That turned out just fine as a hero emerged in Mickey Lolich, and the Tigers went on to win the series in seven.
As for the supposedly invincible Warriors.. maybe they really are as sloppy and beatable as they looked last night.
Here’s a fun trick to perform on an analyst call: Have your CEO casually announce that you expect your current financial quarter, the first in a new fiscal year after one in which you had to repeatedly report year-over-year revenue declines, will set an all-time record.
That’s what Luca Maestri got to do, because Apple’s guidance for the first fiscal quarter of 2017–for those of us using the Gregorian calendar, that’s the holiday quarter of 2016, right now–is for revenue of between $76 billion and $78 billion. To put that in perspective, Apple’s all-time record quarter was last year’s holiday quarter, with $75.9 billion.
The magazine brands impacted include Caravan World, Campertrailer Australia, Motorhome and Caravan Trader, Travelin and Turu. The titles fall under Bauer Trader Media, which is the transport, motoring, caravan and marine specialist division.
Robert Gallagher, the current general manager of the Adventures publications, leads the group of investors buying the Bauer brands. He has created a new business, Adventures Group Holdings, to serve the magazines and associated websites.
Launched in November 2014, Nook Press Author Services sold authors over-priced services bundles under the pretense that it was assisting them in publishing their work, but that was just the cover. This dept was run by the infamous vanity press Author Solutions (ASI), and in reality ASI was really interested in upselling authors by getting them to buy expensive and useless marketing packages…
…While B&N never came out and said that its Author Services dept was run by Author Solutions, in March 2015 a whistle blower leaked the ToS contract, proving the connection. The relationship was later confirmed during the discovery period for one of the class-action suits filed against ASI.
And now that partnership has ended, which is good news for everyone except the scammers at ASI.
Luis Guerra, 70, and Alexandra Garcia, 27, have been working for more than a year on “KliqueShare,” an app meant to streamline renting and sharing items, especially in college communities. The app, available on the iOS App Store, lets you keep track of things you’ve shared, make requests for items you need and list items that you’re willing to rent out or sell.
The duo started seriously marketing the app this month, presenting it to sororities at Chapman University and UC Irvine.