Media Business News and Trends

IBM and Ascential Software Corporation have entered into a definitive agreement for IBM to acquire the equity of Ascential Software, a publicly held company based in Westboro, MA, in an all cash transaction at a price of approximately $1.1 billion or $18.50 per share. The acquisition is subject to Ascential Software shareholder and regulatory approvals and other customary closing conditions, and is expected to close in the second quarter of 2005.

Posted Mar 15, 2005

Google has announced a new feature on Google News that enables users to customize their front page news as they read it.

Posted Mar 11, 2005

The McGraw-Hill Companies has signed an agreement to acquire J.D. Power and Associates, a global marketing information services organization. The transaction, which is subject to Hart-Scott-Rodino regulatory review, is expected to close in April. Terms were not disclosed.

Posted Mar 11, 2005

Microsoft Corp. has announced that it will acquire Groove Networks Inc., a provider of collaboration software for the virtual office. The addition of Groove products to the lineup of Microsoft Office System products, servers, and services is intended to build on the capabilities of Microsoft's current collaboration products;

Posted Mar 11, 2005

Open Text Corporation, a provider of enterprise content management (ECM) software, has joined the Compliance and Management of Electronic Information (CMEI) Working Group. Open Text offers software solutions that manage online content for a range of regulatory compliance standards globally, including corporate governance laws and regulations in industries such as pharmaceuticals, financial services, healthcare, and energy.

Posted Mar 08, 2005

Leo Hindery, the former CEO of the YES Network, AT&T Broadband, and Tele-Communications, Inc., has announced that he is forming InterMedia Advisors, a private investment firm that will specialize in the media industry.

Posted Mar 08, 2005

ProQuest Information and Learning has acquired ExploreLearning, producers of an online simulation library for math and science education. ExploreLearning operations will remain in Charlottesville, Virginia. Financial terms of the acquisition were not disclosed.

Posted Mar 04, 2005

Yahoo! Inc. has announced the launch of the Yahoo! Search Developer Network a resource that is intended to provide developers with access to Web service application programming interfaces (APIs) to Yahoo! Search products and Overture's (which will be re-branded Yahoo! Search Marketing Solutions) API programs.

Posted Mar 04, 2005

JupiterResearch, a division of Jupitermedia Corporation, has releases a new report, "Vertical Search: Early Marketers Will Reap Rewards of Low Pricing," which projects that the search industry will develop in much the same way historical media markets before it have, with the broad-based search engines spawning a raft of vertical search engines dedicated to specific categories.

Posted Feb 25, 2005

Random House, Inc., a consumer book publisher, has announced that through Random House Ventures, L.L.C., its investment subsidiary, it has taken a significant minority stake in VOCEL, a wireless producer and content distributor. Two of Random House, Inc.'s other branded information imprints also announced separate but related licensing arrangements with VOCEL, enabling subscribers to access distinctive content from their mobile phones: Living Language, publisher of foreign-language self-study programs, and Prima Games, publisher of video game strategy guides.

Posted Feb 25, 2005

Adtec Digital recently became a member of the MPEG Industry Forum, an organization aiming to further the adoption of MPEG standards, by establishing them as accepted and widely used standards among creators of content, developers, manufacturers, providers of services, and end users. Adtec Digital designs and manufactures technology for digital television delivery, IP streaming, commercial insertion, and multimedia digital video applications.

Posted Feb 22, 2005

ChoiceStream, Inc., a provider of personalization solutions for online consumer services, search services, eretailers, and iTV providers, has raised $7 million in a Series A financing round led by Cambridge, MA-based General Catalyst Partners. Proceeds will fund the expansion of engineering and development activities. ChoiceStream’s technology is designed to serve personalized content to users.

Posted Feb 22, 2005

The New York Times Company has reached an agreement to acquire About, Inc., an online consumer information provider, from Primedia Inc. in an all-cash transaction valued at approximately $410 million. The acquisition is subject to customary regulatory approvals and is expected to be completed late this quarter or early in the second quarter.

Posted Feb 22, 2005

TRADOS Inc., a provider of global information solutions, has announced the TRADOS Globalization Partner Program. The new program is designed to bring together globalization software and services companies to remove complex, persistent barriers that prevent enterprises from effectively reaching global markets.

Posted Feb 18, 2005

KeepMedia, Inc., a provider of online premium content, has announced that president and CEO Douglas J. Herrington has resigned from the company to pursue personal interests and other opportunities. Louis H. Borders, founder of Borders Books and Webvan and currently chairman of the board at KeepMedia, will assume the position of president and CEO, replacing Herrington.

Posted Feb 18, 2005

Avalanche Mobile, a developer of network-based SMS management technologies, has acquired a 50% ownership stake in messaging and location service provider, 1rstWAP. By using 1rst WAP’s global infrastructure, Avalanche Mobile expects to expand the availability of advanced SMS messaging and location based systems and services, for telecom operators around the world.

Posted Feb 15, 2005

Verizon Communications Inc. and MCI, Inc. have announced that Verizon has agreed to acquire MCI for $4.8 billion in equity and $488 million in cash. In addition to MCI shareowner approval, the acquisition requires regulatory approvals, which the companies are targeting to obtain in about a year. The companies will determine operational plans, such as branding strategies and organizational structure, as the transaction moves closer to closing.

Posted Feb 15, 2005

FinancialContent, Inc. , a provider of financial data and business applications to online media and financial services companies worldwide, has announced an initiative to expand its operations in China. FinancialContent will open an office in Shanghai in order to build a competitive newsroom and wire service that track the expansion of U.S. companies into China and the reciprocal penetration of Chinese companies into the U.S. market.

Posted Feb 11, 2005

Members of the Distributed Computing Industry Association (DCIA) have announced a new secure payment solution, piracy-proof peer-to-peer (P2P) file-sharing software, advanced micropayment aggregation engine, and technology for integrating cell-phone and P2P payments.

Posted Feb 11, 2005

Infotrieve, Inc., a provider of content software technology and information services, has announced its acquisition of GenSys Software, Inc., provider of the GenSys/ELN electronic laboratory notebook for life sciences, chemistry, and other research-intensive industries.

Posted Feb 11, 2005

WebSideStory, Inc., a provider of on-demand Web analytics, has announced an agreement to acquire Avivo Corporation, a California corporation doing business as “Atomz,” and the launch of a new suite of integrated services for online marketing professionals. Based in San Francisco, Ca., Atomz is a provider of on-demand digital marketing applications, including site search and Web content management.

Posted Feb 11, 2005

Percussion Software has announced key changes in the company's management team. Michael Alden has been promoted to president from senior vice president of corporate operations, and Patricia Nagle has joined the company as vice president of worldwide sales and alliances.

Posted Feb 08, 2005

Ask Jeeves, Inc., a provider of information retrieval technologies, brands, and Internet advertising services, has acquired Trustic, Inc., the company that owns and operates Bloglines. Bloglines is a free online service for searching, subscribing, publishing, and sharing RSS feeds, blogs, and rich Web content. Bloglines will continue to operate uninterrupted as an independent brand in the Ask Jeeves portfolio and retain its name and unique URL: www.bloglines.com.

Posted Feb 08, 2005

StreamShield Networks, a provider of real-time Internet content security solutions, has announced a new partnership by becoming a funding member of the Internet Watch Foundation. The partnership is intended to enable ISPs to simply and cost-effectively prevent their subscribers from accessing illegal child abuse Web sites over their network, thus helping to prevent access to abusive images of children that contravene the Protection of Children Act 1978.

Posted Feb 04, 2005

ProQuest Information and Learning has completed the acquisition of privately held Voyager Expanded Learning, a provider of in-school core reading programs, reading intervention programs, and professional development programs for school districts throughout the United States. Voyager’s senior management team will remain with the company and report to Ron Klausner, president of ProQuest Information and Learning and acting president of Voyager Expanded Learning. Voyager’s headquarters will remain in Dallas, Texas.

Posted Feb 04, 2005

Pages
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120