New York: Private equity firm Seguin Partners, LLC (Woburn, Mass.), has announced that it has acquired CFO Publishing, in partnership with CFO’s management, from the Economist Group. According to the terms of the deal, a new company formed by Seguin will acquire CFO’s assets. The Economist Group will retain a substantial minority stake in the [...]
San Francisco :Quantcast has announced that it has closed a Series C financing round led by Cisco ( CSCO). Prior investor Polaris Venture Partners co-led the round, increasing its ownership position in the company and previous investors Founders Fund and Revolution Ventures also participated. The financing provides $27.5 million in new capital to support rapid [...]
New York : Time Warner Inc. (NYSE:TWX) has announced that it has completed the previously announced spin-off of AOL Inc. (NYSE:AOL). Effective 11:59 p.m. on December 9, 2009, one share of AOL common stock was distributed for every eleven shares of Time Warner common stock held as of 5:00 p.m. on the record date of [...]
San Ramon : The award-winning firm of Tressel Communications has announced that it has merged with AMF Media Group, a fast-growing public relations and communications firm. AMF Media Group is a full-service marketing and communications firm staffed with writers, graphic artists, public relations professionals, and web development and event management personnel.
“The leadership and expertise that [...]
The BBC Trust has set out a series of changes to the future remit for BBC Worldwide, the BBC’s commercial arm. These changes follow an 18-month review of the mandate, strategy and governance arrangements for BBC commercial activity, initiated by the Trust.
The changes suggested by the trust include an end to mergers and acquisitions unless [...]
Los Angeles :Mobile Messenger, the leading mobile solutions provider, announced today that it acquired m-Qube, Inc., the nation’s largest mobile messaging aggregator, from its parent company, VeriSign, Inc. ( VRSN). Under the terms of the agreement, Mobile Messenger obtains m-Qube’s direct connections to carriers in the US and Canada, and its entire business delivering standard [...]
Los Angeles: Adult entertainment pioneer Playboy Enterprises is in talks to be sold for more than $300 million as the advertising slump and a boom in online pornography erode its once lucrative publishing business, the Los Angeles Times reported Friday.
The report said the publicly traded Playboy was in talks with brand management firm Iconix Brand [...]
Mountain View : AdEx Media, Inc. (OTC Bulletin Board: ADXM) (the “Company”), a leading performance-driven, online marketing and distribution company, has announced results for the third fiscal quarter ended September 30, 2009.
The Company reported revenues for the third quarter of 2009 of approximately $6.5 million, a 261% increase over revenues of approximately $1.8 million from [...]
San Francisco : Google is to pay $750 million to buy AdMob, a provider of advertising on mobile phones, the internet search leader announced Monday.
The deal is the third largest ever undertaken by Google and underscores the company’s strategy of extending its online advertising dominance to the mobile web, where its Android smartphone operating system [...]
Chicago : Playboy Enterprises, Inc. (PEI) (NYSE:PLA, PLAA) has reported a net loss for the third quarter ended September 30, 2009 of $1.1 million, or $0.03 per basic and diluted share, which included a restructuring charge of $0.5 million, or $0.01 per basic and diluted share. This compares to a net loss of $6.2 million, [...]