Planet Reddit

A Startup Is Reborn: Reddit, No Longer Part of Conde Nast, Seeks CEO

reddit cool guy

Reddit, the wildly successful online community for sharing links, news, memes and beyond, was bought by old media mogul Conde Nast in 2006, back when reddit was more of an indie alternative to Digg. But today Conde relinquishes the reins: reddit is spinning out into an independent company, reddit Inc., under Conde owner Advance Publications, and is looking for a CEO.

So, where do you get one of those, Betabeat asked reddit general manager Erik Martin, a New Yorker who moved to San Francisco for the job a few months ago.

“Sam’s Club,” he said.

Despite butting heads with their old media overlords over things like advertisements for marijuana legalization campaigns, reddit’s traffic has grown more than fifty-fold since the acquisition. But the fast-growing site never quite fit in at Conde, which owns Wired and The New Yorker and has a dubious track record with adjusting to the digital media shift, and the companies started considering a severe adjustment to the relationship more than a few months ago, although Mr. Martin couldn’t place a date on exactly when things got serious. “We’ve always been very vocal about times when we’ve felt restrained by being part of a big huge complicated media company,” general manager Erik Martin told Betabeat from San Francisco. “We have always wanted more independence.” Read More

Paper Barons

Time for Tablets! Time Inc. Adding All Titles to Tablet by 2012

timetablet

Right now only four Time Inc. titles–Time, Sports Illustrated, People and Fortune–have gotten the tablet treatment. But the media giant says it’s planning to add its other 17 properties by the end of the year, a sign the company is still bullish on a market that continues to be dominated by Apple, which has yet to come to an agreement with Time over its cut of subscription fees from purchases made through the iTunes stores.

So despite the fact the more than 90 percent of consumer-owned tablet are still iPads, Time is diversifying to make its tablet editions available on Android, HP and the so called Hulu for magazines. Another revenue stream will come from subscription sold through the Amazon Kindle and Barnes and Noble Nook. Read More

Class Is in Session

Khoi Vinh: Publishers Should Be Developing for the Mobile Web Instead of Making Replica Apps

khoi

For this week’s cover story about Condé Nast’s struggle developing for the iPad, Betabeat had the opportunity to talk to Khoi Vinh, former Design Director for NYTimes.com. On his widely-read design blog, Subtraction, Mr. Vinh has repeatedly expressed his skepticism toward publishers like Condé Nast and Hearst and software companies like Adobe for thinking that what iPad readers want is a magazine replica app that takes a print-centric approach to tablet design. But we didn’t get the chance to include some really interesting predictions Mr. Vinh made about the direction he thinks consuming content on the iPad is heading (in short: back to the browser) and what readers really want.

Mr. Vinh, who recently released a book on web design, seem to have contracted that start-up fever making its way around the city and is currently working in stealth mode on an app of his own. He compared the bells-and-whistles of the current magazine app rush to the CD-ROM bubble and advised publishers to think more like Netflix. Read More

Old Dogs Learn New Tricks

Gilt Groupe’s New Men’s Site Get’s Cozy With GQ, Like All Up In There

john_auerbach

Gilt Groupe just announced that its new men’s site, Park & Bond‒ a name that practically drips with the silver-spooned sound of privilege‒ will be partnering with Conde Nast’s GQ magazine on an e-commerce strategy. Not only will Park & Bond host an online store that features products “handpicked from the pages of the magazine by the editors of GQ.” But starting with the September issue, GQ is also promoting the venture in its pages and on GQ.com to drive readers to Park & Bond. Betabeat talked to Park & Bond president John Auerbach (Gilt employee no. 5), on the phone from the Pitti Immagine Uomo show in Italy, about the partnership‒and the genesis of that name. Read More

App Economy

Hearst Institutionalizes Its App Obsession With a Posh New Think Tank

250px-Hearstowernyc

Publishing giant Hearst has been vocal about putting its resources in tablets over paywalls. But today reporters got the first glimpse of just how much they are willing to invest in the new app economy. Hearst’s App Lab, up on the 41st floor of the Hearst Tower on 8th Avenue, isn’t just a “plush, windowless, gadget-filled” think tank for app development and advertising. It’s also staffed by 44 in-house developers, producers, editors and designers. What do they create? So far, 100 apps for the iPad and iPad, Google Android, the Nook, and Zinio’s Newsstand. The App Lab doesn’t just develop tablet editions of glossies. It’s also churning out spin-off apps like House Beautiful‘s paint colors app and Esquire‘s iPad puzzle app.Why should third-party developers have all the one-off fun? Read More

Media

Reddit: Domain Buying Spree Was Just Housekeeping

reddit hockey

“Conde buying Reddit domains… what does it mean???” we gchatted Reddit co-founder and advisor Alexis Ohanian today.  “Just that Reddit is taking over the world,” he typed back.

We had speculated that the URL shopping spree meant Conde Nast had some crazy big ambitions for Reddit verticals; sadly, it’s not so. There are no plans for Planet Reddit.

We got the real explanation for Conde Nast’s 285-domain land grab from Reddit general manager Erik Martin: “Just prudence. Much easier to protect them this way, instead of getting them back when spammers set up some site,” he said in an email. “Well, except for reddithockey.com…that’s going to be HUGE!!!”