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Ricoh Assumes Pentax's Digital Camera Line
The Ricoh Co. — a Japanese electronics manufacturer historically known for its copiers, printers and fax machines — has acquired camera manufacturer Pentax for $128 million.
As part of the acquisition, Ricoh will begin...
Facebook to Jump on Photo-Sharing Bandwagon
In a development seemingly timed to respond to Twitter’s announcement in June that it will be improving its photo-sharing tools, Facebook, too, is planning to launch a new app for photos soon.
Facebook’s photo app would reportedly be a mélange of several others available today, such as...
PhotoMedia Wins Ninth Consecutive APEX Grand Award
For the ninth year in a row, Communications Concepts has honored PhotoMedia with its APEX Grand Award, this time in the Best Writing (For-Profit, Small Office) category.
The 2011 APEX Grand Award was for Roger Ressmeyer’s profile of PhotoMedia’s 2010 Photography Person of the Year, ”Louie Psihoyos: Weapon of Mass Construction,” in our Fall 2010 issue.
“In this outstanding magazine for photography pros, the visuals are superb...
Weighing Costs vs. Benefits of Social Media at Work
Social email software vendor Harmon.ie recently conducted a survey on how social media platforms affect workplace productivity. Overall findings? Facebook causes a 1.5 percent loss in total employee productivity. And, 60 percent of work interruptions are instigated by social media distractions.
Harmon.ie has taken these findings and qualified this two-percent loss is actual cost. Based on a salary of...
Sony Expects Third Consecutive Annual Loss
In the wake of the 9.0-magnitude earthquake that struck Japan in March, Sony has projected that it wall end the year with a $3.2 billion dollars of loss. Sony had nine plants that either were damaged or experienced shutdowns as a result of the Japan quake.
This is the second time the consumer electronics-company has taken a drastic hit...
Getty Adds Expiration Clause to Royalty-Protected Images
Stock photo giant Getty Images recently amended contract terms for its contributors, which enable the agency to move images that haven’t been licensed for three years or longer to its royalty-free collections.
This new addendum has caused an uproar among the photography community. In May, the American Society of Media Photographers and...
Spring Photo Auctions Gross $19.5 Million
Photo auctions at Christie's and Phillips de Pury & Co. totaled $19.5 million in April. This amount is $1.5 million more than the auction houses reported from April 2010.
Phillips reported that auction sales records were set for several photographers, including Sebastião Salgado...
PMA Show to Merge with International CES
The Photo Marketing Association International (PMA) recently announced an agreement with the Consumer Electronics Association (CEA) to move the date, rename the September 2011 PMA International Convention and Trade Show and co-locate their respective conferences.
Under the agreement, the two groups will merge the PMA conference with...
