Three years after paying $225 million to buy online ad company Allyes, Chinese ad firm Focus Media is selling a majority stake in the company, which bills itself as China’s “largest online media service provider,” to PE firm Silver Lake. Silver Lake is paying $124 million...
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Microsoft (NSDQ: MSFT) CEO Steve Ballmer is taking the stage at Microsoft’s analyst day to talk about the company’s consumer businesses, saying that “a lot of the issues we see in our consumer businesses are very much on the minds of the shareholders.”
That’s an understatement, considering that the lackluster state of Microsoft’s...
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Washington Post-owned Slate Group is closing down The Big Money, the business commentary spinoff it launched two years ago, saying the site wasn’t profitable. The belief when The Big Money launched in 2008 was that the financial crisis augered well for a business media site with Slate‘s...
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The first half of the year for Reed Elsevier (NYSE: RUK) saw ad dollars stabilize, though executives expressed a greater degree of caution regarding th...
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United Business Media (LSE: UBM), the owner of PR Newswire, turned in decent results for the first half of 2010 and is maintaining a cautious yet stable outlook for the second part of the year. Meanwhile its print properties turned in a mixed performance, while its online holdings remained solid. Separately, a...
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A few days after its newspaper sibling A.H. Belo (NYSE: AHC) reported narrowing its losses, local broadcaster Belo Corp. (NYSE: BLC) posted some very healthy profits and revenue numbers. Among them was a 14 percent jump to $8.1 million in online revenues tied to its 20 TV station...
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In its attempts to find a buyer for Newsweek, The Washington Post Company (NYSE: WPO) has been said to have hardly given a thought to bids from entities considered too conservative or too tawdry, but it looks like an offer to buy the magazine from an audio equipment impresario appears to be...
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That Facebook IPO may be even further off than previously thought ... A report by Bloomberg cites insiders who say that the company may wait until 2012 for an IPO. The previous expected date was 2011, because two top investors had said in January that the IPO wouldn’t...
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RealNetworks (NSDQ: RNWK) conducted a deep reorganization in the second quarter that led to the elimination of 85 jobs, including 25 percent of the company’s execs. Today, it announced that the changes are largely complete and is busy trying to increase revenues of current products, and trying to beef up a largely...
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Will Facebook backer Digital Sky Technologies go public before Facebook? The Russian internet investment group, which has accumulated a five percent stake in the social network, has hired Goldman Sachs, along with two other investment firms, to explore an IPO next year, according to Read more »
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