Friday, August 26, 2011

Flipboard TV Shows

According to Reuters, Flipboard is planning to add television shows and films to their business structure...along with an iPhone (finally..) App.

The iPad App of the year (Flipboard) hasn't disclosed how many people use their app on a regular basis, but 3 million people have downloaded it. Conde Nast says their four publications on Flipboard averages about 100,000 readers each, as compared to millions for the regular online websites for the publications. Flipboard began to display ads with a shared revenue agreement with Conde Nast. Flipboard is expected to make an operating profit this year, but McCue says the money will likely be reinvested.

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