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Posts Tagged ‘Ziff Davis’

News Corp. Sells Videogame/Entertainment Sites for Less Than $100 Million

In 2005, News Corporation bought IGN Entertainment — which operates IGN.com and Askmen.com, among others — for $650 million. Today, after months of trying to fetch a good bid for the sites, News Corp. settled for the best offer it could get. According to Bloomberg News, News Corp. sold IGN to Ziff Davis Inc. for less than $100 million. That has got to hurt.

For Ziff Davis (which already owns sites like PCMag.com and Geek.com) the deal gives it a chance to expand the company’s influence among males, its main target audience.

“IGN and AskMen are tremendous best-in-class brands that we are proud to have as part of our digital media portfolio,” said Vivek Shah, CEO of Ziff Davis, in a statement.

 

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QuinStreet Buys Several Websites from Ziff Davis

QuinStreet, a vertical marketing and online media firm, has purchased select media assets from Ziff Davis Enterprises. The transaction included the acquisition of eWeek.com, CIOInsight.com, Baseline.com, ChannelInsider.com and WebBuyersGuide.com among other assets.

The goal of the deal was to add additional technology media brands to QuinStreet’s online portfolio, expand the company’s reach into mobile marketing, and further develop relationships within the B2B technology space in addition to adding a roster of writers from the sites purchased.

“Ziff Davis Enterprise has a rich history in the B2B technology media and marketing space and is synonymous with quality and client service. This acquisition expands QuinStreet’s ability to service our B2B technology clients at scale, with high-quality, targeted, measurable marketing results,” said Doug Valenti, QuinStreet CEO.

Of note, in 2009, QuinStreet purchased Internet.com from mediabistro.com’s parent company WebMediaBrands.

CNN.com Snags LAT Online ME|NYT, WSJ Plan San Fran Projects|Nielsen: First Half Ad Spending Down 15.4%|EGM Looks To Relaunch In December|Jon Minus Kate On ABC

Embedded video from CNN Video

WebNewser: CNN.com has named Los Angeles Times managing editor, online Meredith Artley VP and managing editor.

BayNewser: The New York Times and The Wall Street Journal are both reportedly launching Bay Area-specific editions of their papers. BayNewser asks: five years from now, who do you think is going to be the go-to news source for Bay Area coverage?

AdAge: A new Nielsen report shows that ad spending dropped 15.4 percent during the first half of 2009 compared to the first half of 2008 — the biggest drop since the company first started calculating these figures in 2002.

Folio: Electronic Gaming Monthly, which was shuttered in January, will likely relaunch in December, says founder Steve Harris, who purchased the title back from Ziff Davis earlier this year.

ABC News: Jon Gosselin will be on “Primetime” tonight, speaking out for the first time about his divorce from Kate. He tells interviewer Chris Cuomo he “despises” Kate and claims he was verbally abused.

Updated: Huffington Post Gets New CEO

hippeau.pngEric Hippeau, managing partner of venture capital firm SoftBank Capital, has been named CEO of The Huffington Post. Hippeau, a HuffPo board member, is taking over for Betsy Morgan, who joined the online pub in October 2007 from CBSNews.com. She is leaving the company and vacating her spot on the board, the company said.

Hippeau was formerly the CEO of Ziff-Davis, where he led the company’s online initiatives including growing the ZDnet brand. SoftBank acquired Ziff-Davis in 1995 and Hippeau stayed in his role until 2000 when the company was sold. At SoftBank, he helped secure Series-A financing for the HuffPo in 2006, becoming an early investor.

Under Morgan’s leadership, the Huffington Post has grown rapidly and co-founders Arianna Huffington and Kenneth Lerer had nothing but good things to say about her.

Update: Huffington spoke to FishbowlNY and told us that the decision to appoint Hippeau was not a last minute move for the company, but rather something that had been in the works for awhile.

“Betsy has been a great CEO, and we owe our recent successes to her leadership — our six-fold increase in traffic, the doubling of our ad revenue,” Huffington said. “But we want to explore all the possibilities for expansion and for acquisitions, and we need the additional firepower of someone with Eric’s experience.”

Although Hippeau has been working closely with the Huffington Post for several years — thanks to his position on the small, four-person board — Huffington said she never thought he would “want to leave the life of a venture capitalist and join us in a full time role.” And, because he has been working with the company for quite some time, he can “hit the road running,” Huffington said. “He doesn’t have a learning curve.”

Full release after the jump

Earlier: New CEO For HuffPo

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New Life For Gaming Magazine

egm.pngBetween the rain and all the doom and gloom about magazine closures, it’s been a pretty grim day for New York media. So when we learned that the founder of shuttered gaming magazine Electronic Gaming Monthly plans to resuscitate the pub, it pretty much made our day.

EGM‘s owner, Ziff Davis Media, closed the magazine in January, after selling its 1Up.com group of Web sites to UGO Entertainment. When UGO decided not to purchase EGM, Ziff Davis made the decision to shut it down.

But EGM founder Steve Harris announced last week that he had entered into a deal with Ziff Davis to “re-acquire certain assets, including trademarks and publishing rights” of EGM. He plans to relaunch the mag later this year.

“We have exciting plans for the evolution of what will once again be a leading independent voice for the gaming community,” Harris said in a statement. “The twenty year success of the EGM brand has always been built upon a commitment to its readers who I believe will enthusiastically embrace the changes we are planning to introduce.”

Earlier: Gaming Magazine Becomes Latest Ziff Davis Casualty

Gerstmann Gone from Gamespot–What Really Happened?

ziffdavis.jpg

Kyle Orland has been all over the Gamespot drama saga. Just to catch you up:

Jeff Gerstmann, the editorial director at CNET’s Gamespot.com, was abruptly fired last Wednesday after 11 years at the site. There’s a rumor going around that Gerstmann was canned because he was overly critical of Kane & Lynch, a game that was heavily advertised on the site. Eidos,the publisher, allegedly threatened to pull hundreds of thousands of dollars in advertising if Gerstmann wasn’t fired.

CNET has denied that the firing was based on advertiser pressure, Eidos has issued a blanket “no comment” and Gerstmann isn’t talking about the circumstances surrounding the firing (citing “legal reasons”).

Despite this, the gaming community is up in arms over the issue, vandalizing “user review” pages on Gamespot, posting criticism on the site’s forums (over 12,600 posts at last count) and planning boycotts and protests at the CNET offices. Rival publisher Ziff Davis staged an impromptu rally at their offices (across the street from CNET) and gaming blog destructoid.com has changed their front page banner to criticize Gamespot.