US-based financial adviser The Motley Fool has bought the 50k strong community Millennial Money which incorporates a blog, podcast and a network of financial planners. The Motley Fool was founded in 1993 in Virginia, US, by brothers David and Tom Gardner and provides investment services alongside informative investor content. It is “dedicated to making the world…
Moody’s buys the news
Moody’s Corporation, the global risk assessment operator, has bought Acquire Media from its parent Naviga. Acquire Media is a live news aggregator and distributor. Acquire takes a news feed from over 18k sources including mainstream media, websites, government and social, and then curates a real-time feed and alert system to financial services and corporate clients….
Loop buys Spkr audio
California-based Loop Media, which claims to be “the first media company focused on fully-integrated 360-degree engagement of music videos and other premium short-form content by consumers and businesses”, is to buy Spkr, an audio short-form content company. The supplements Loop’s video offering with audio including podcasts, news, politics, pop culture and self-improvement. Spkr was founded…
Why exhibitions are only part of the answer
Like their people and governments, exhibition companies are torn between planning for the return of ‘normality’ and completely re-inventing businesses that were thriving until Covid. Some are slowly coming to terms with the prospect of only gradual (and partial) recovery of their industry – after months of hoping for a return to normal either this…
Axel Springer to buy Morning Brew
Morning Brew, the business newsletter founded in 2015 by US college friends Austin Rief and Alex Lieberman, is reported to be finalising the sale of a majority to Business Insider (owned by Axel Springer) in a deal reportedly worth more than $75m – almost 4 x $20m revenue expected in 2020. Morning Brew has a…
Tarsus steps up in China
Tarsus, UK based, private equity-owned exhibitions group, has added the final 50% of equity in its medical events JV and has also bought a new dermatology event. The events company has had a 50% stake in Hubei Hope Exhibitions since 2008 which included the Chengdu Dental Show and the Zhengzhou Medical and Dental Show. China…
How (and why) Hearst does it
It seems somehow appropriate that the world’s oldest media group should be more prosperous than ever and still in family ownership. Hearst Corporation had seemingly glided through 20 digital years with little disruption either to its revenue or its reputation for consistent, unflashy success. Even when Covid rocked the world, the US-based company eschewed layoffs…
Future buys CinemaBlend
Future Plc, the fastest growing magazine-media company on both sides of the Atlantic, has acquired CinemaBlend, an online entertainment publisher from Gateway Blend. The 17-year-old CinemaBlend provides online forums for TV and film fans. It more than doubled its audience to almost 20m monthly uniques in the first half of this year, expanding the reach…
Quartz for sale – again
The diverging fortunes of digital news startups Quartz and Axios offer some insights into monetization strategies for publishers. While Axios claims it will increase 2020 revenue by 30% and become profitable, Quartz is said to be on the auction block after cutting jobs this year and predicting widening losses. Quartz’s Japanese parent company Uzabase is seeking a buyer for the business news…
Bonnier US sale part 2
Bonnier, of Sweden, has agreed to sell seven of its US magazines, including Field & Stream, Popular Science and Saveur, to Miami-based North Equity LLC, which owns existing digital properties in motoring and military and whose Brookline Media has also acquired the Task & Purpose military news site. Terms of either deal have not been disclosed. Earlier this month,…
