Media Business News and Trends

MTV Networks, a division of Viacom, Inc., has announced a definitive agreement to acquire Atom Entertainment, Inc., a portfolio of four online destinations for casual games, short films, and video, for $200 million.

Posted Aug 11, 2006

Kazeon, a provider of Unstructured Information Management, has announced that it has received $21 million in its third round of venture capital financing, bringing the total investment in the company to $44 million.

Posted Aug 11, 2006

PodZinger, an audio and video search engine company, has closed on $5 million in financing from parent company BBN Technologies Inc.

Posted Aug 11, 2006

Nokia and Loudeye Corp. have announced that they have signed an agreement for Nokia to acquire Loudeye for approximately $60 million.

Posted Aug 11, 2006

InterSystems Corporation, a developer of integration technology and a provider of database in healthcare, with its products used by major hospitals and labs, has announced its selection to offer its CACHÉ post-relational database software for the U.S. Department of Defense (DoD), Health Affairs, and Composite HealthCare System (CHCS).

Posted Aug 08, 2006

Open Text Corporation, a provider of Enterprise Content Management (ECM) software, has announced that it has entered into a definitive agreement with Hummingbird Ltd. under which Open Text will acquire through a wholly-owned subsidiary, all of Hummingbird's outstanding shares in an all-cash transaction valued at $27.85 per share, or approximately $489 million.

Posted Aug 08, 2006

According to advance data from a survey of 700+ end users by AIIM, the "Weakest Link" in user efforts to control information for compliance purposes is their handling of electronic information.

Posted Aug 04, 2006

Google, Inc., has announced that it has reached an agreement with XM Satellite Radio, a satellite radio service with more than seven million subscribers, to introduce and make available commercial advertising inventory on XM’s non-music channels to Google’s advertising base through its dMarc media network.

Posted Aug 04, 2006

Frederick G. Kilgour, a librarian and educator who created an international computer library network and database, died on July 31, 2006.

Posted Aug 04, 2006

PA Sport Ltd has agreed to acquire sports media technology company iKnowledge Ltd.

Posted Aug 04, 2006

Telestream, a provider of multi-format media encoding and file-based delivery solutions for the broadcast and entertainment industry, has announced that it has completed the acquisition of Popwire from Teleca, a telecommunications provider.

Posted Aug 04, 2006

Nelnet has announced it has acquired Peterson's, a provider of education and career guidance, from The Thomson Corporation.

Posted Aug 01, 2006

365 Media, Inc, a provider of content solutions and services for directory and database publishing, has announced that it has been chosen by VNU Business Media to assume responsibility for its core directory operations and to partner in developing new rich data initiatives.

Posted Jul 28, 2006

The Ex Libris Group, a developer and provider of applications for libraries and information centers, has announced an agreement with Francisco Partners, a technology-focused private equity funds, for the acquisition of 100% of the company’s shares.

Posted Jul 28, 2006

Panther Express, a content delivery network (CDN), has announced it has completed a $6 million round of private equity funding from Greylock Partners.

Posted Jul 28, 2006

Limelight Networks, Inc., a content delivery network for digital media, has announced the completion of a $130 million equity-financing round led by Goldman Sachs Capital Partners, an investment banking and private corporate equity firm.

Posted Jul 28, 2006

LexisNexis has announced it has acquired Dataflight Software, Inc. and CaseSoft, Ltd., providers of evidence management and case analysis litigation services respectively.

Posted Jul 25, 2006

HighBeam Research, Inc., operator of the HighBeam Research Engine, has renamed and redesigned its free online encyclopedia to better integrate it into its network and to provide a more powerful online research tool for users.

Posted Jul 21, 2006

Jobster, which helps employers recruit online, has raised $18 million more in venture capital and is launching a service for employees.

Posted Jul 21, 2006

The Department of Homeland Security (DHS) does not fully address critical funding and information sharing issues in its recently finalized National Infrastructure Protection Plan (NIPP), according to a report released by INPUT.

Posted Jul 18, 2006

NFAIS has announced that members will receive a 10% discount on each of four online courses covering copyright issues and digital content management being offered by Copyrightlaws.com beginning September 18, 2006 (discounted fees are shown).

Posted Jul 18, 2006

Electronic Design, a brand in the Electronics OEM Group at Penton Media, Inc., has announced the acquisition of Web-EE, an online entity offering schematics, project and tutorial content, and components application notes for electronic design engineers.

Posted Jul 18, 2006

Hummingbird Ltd., a provider of enterprise software solutions, has received a proposal from Open Text Corporation indicating it is prepared to make an offer to acquire all of Hummingbird's outstanding shares at a price of US $27.25 cash per share.

Posted Jul 11, 2006

Internet Securities, Inc., a Euromoney Institutional Investor company, has signed an agreement to acquire all assets of RussiaDeal LLC’s financial deal information business.

Posted Jul 07, 2006

Metacafe, a video entertainment site, has secured $15 million in its completion of venture capital funding.

Posted Jul 07, 2006

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