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Content Tagged with biz + Content-Economics
IT Professionals Network Tom’s Hardware Guide Sold
Tech professionals-focused news and info network Tom’s Hardware Guide (and its parent company TG Publishing) has been sold, paidContent.org has learned. The sale was confirmed by TG CEO Omid Rahmat in an e-mail to the Inquirer. We have an e-mail query into Rahmat as well.
We couldn’t confirm the buyer, but one name that cropped up through our sources was French B2B tech media company BestofMedia Group.
The first site THG was founded in 1996 by Dr. Thomas Pabst, a German, and the company focuses on news and information for IT professionals, early adopters and technology innovators. It has since expanded operations in the United States, Europe and Asia and features subsidiary sites in eight languages, this Wikipedia history says. Other sites published by the company include GearDigest, MobilityGuru, TwitchGuru, among others.
Kagan Breaks Off From JupiterResearch After A Year; Sold To SNL
Media research firm Kagan, which was bought by media PE firm MCG Capital in 2004 and merged with JupiterResearch which MCG bought a year ago, has now been sold again. SNL Financial, a Charlottesville, Va-based research firm till now operating in energy, real estate and financial industries, has bought it off.
JupiterResearch itself was sold by parent Jupitermedia last year.
Kagan was founded in 1969 and based in Monterey, CA. More details on the deal here.
David Schatsky of JupiterResearch writes about the deal on his blog here.
Spinal Info Site SpinalUniverse Merges With Education Firm; Gets Funding
An interesting deal in the B2B arena: SpineUniverse.com, an online resource for spine-focused health care providers and consumers, has merged with BroadWater, a provider of spine-related medical meetings and educational resources for physicians, to form a new company SpineUniverse. The combined company has also received an undisclosed amount of funding from Florida Gulfshore Capital. William Paquin, who most recently served as a senior executive at Medsite (which got bought by WebMD), has been appointed the CEO.
SpineUniverse has original articles on the treatment of back and neck problems and provided access to scientific abstracts and clinical trials. Details in release.
Thomson Financial Plans International Wire News Service; Post AFX-Buy
Interesting this: Thomson Financial, the Canadian financial info giant, is putting the finishing touches to a global news service it will start selling to clients in May, part of a move to compete more extensively with rivals Bloomberg and Reuters, reports FT. This follows is $20 million buy of AFX News from European news service AFP last year.
Since then Thomson has invested heavily in editorial staff, and employs about 500 reporters, around double the number a year ago...The service will provide about 10,000 stories per day, mostly targeted at financial professionals. General news will be provided by AP news feeds, although users will be able to incorporate news available on the internet alongside Thomson feeds.
The plan is to have about a third of the stories automatically generated by computers from standardised earnings releases (would love to read those), a third of the stories will come from news partnerships such as with local language news services and the rest will come from Thomson’s own network of reporters.
Related:
-- Thomson Financial to Buy AFX News For Reported Price of $20 Million
-- New Global Newswire Threatens Reuters?
-- Thomson and MarketWatch.com Partner on News Service; Reuters Not Happy
Robert Krakoff, CEO of Nielsen Business Media, Dies at 72
This is a huge loss for the media industry: B-to-b publishing veteran Robert Krakoff, CEO of Nielsen Business Media, has died at the age of 72. He died suddenly last night in his apartment in Boston, according to a memo distributed this morning to Nielsen Co. employees by chairman-CEO David Calhoun, who did not provide any more details, reports BtoBonline.
Krakoff was a legend and fixture in the B2B media industry. Prior to joining VNU he was chairman-CEO of media consulting firm Blantyre Partners. For years he ran Advanstar Communications and was also a former vice chairman of Reed Elsevier. He was also chairman of American Business Media in 2003-04.
Former Penton CEO And Abry Start $100 Million B2B Rollup Vehicle; Includes Online
Former Penton CEO David Nussbaum and media PE firm Abry Partners are joining forces again, seeking B2B media and service investments. Nussbaum sold Penton to Wasserstein & Co. last year and merged with Prism Business Media, will head the $100 million kitty provided by Abry, reports Folio. The PE firm was Penton’s largest shareholder and preferred debt holder at the time of the sale last year. That of course means Nussbaum is leaving the merged companies.
Both Abry and Nussbaum’s Sundance Business Enterprises are also seeking vertically focused online companies. Potential targets include integrated media companies, business services/data companies primarily focused on e-media platforms, and companies that transact critical business services over the Web. More details in release.
BtoBonline: Nussbaum’s move comes less than a month after B2B media veteran Jim Casella aligned with private equity firm Austin Ventures to form Case Interactive Media.
Related:
-- Penton Sold To Wasserstein for $530 Million; Will Merge With Prism
-- MidOcean Buys 50 Percent Stake In Combined Prism/Penton Merger
MovingHealth Gets $1.5 Million Seed; Yahoo Pharma Exec Is Founder
MovingHealth, a Cambridge, MA-based provider of online consumer health information, has raised $1.5 million in seed funding led by General Catalyst Partners, according to an SEC filing, picked by PEHub. Also, MM&M reports that the company has been founded by Jack Barrette, formerly pharma category development officer for Yahoo. As to what the company will be doing, “We’re developing breakthrough user experiences in areas like rich media, video, user-generated content and social search,” Barrette said of his new company in the story.