Media Ownership

Wednesday 8 October 2008

Monster buys ChinaHR

Monster Worldwide, Inc. has bought the top online recruitment site in one of the world's fastest growing job markets, the company announced in a press release Tuesday.

The parent company of Monster.com bought the remaining 55 percent stake in the recruitment site, ChinaHR, for US$174 million in cash.

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Report: Google looking to buy EveryBlock

Google may want to buy EveryBlock.com, a start-up created by Adrian Holovaty that he funded by winning a grant called the Knight News Challenge, according to a ValleyWag report on Tuesday.

Holovaty's ChicagoCrime.org is a mash-up of using Google Maps to view local crime statistics in Chicago. For EveryBlock.com, Holovaty took that concept one step further to map out as much news information as possible for every city block, such as real estate listings, crime, business information, and all news reports related to each block.

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Tuesday 7 October 2008

Orange France acquires license for Armenia

French mobile network provider Orange announced it has bought a license to operate in Armenia as well as to offer GSM and 3G services. Orange invested more than €51 million in the initiative, Le Revenu reported Tuesday.

The project is planned to be officially launched in the upcoming months, after Armenian authorities analyse the regulations behind the license and the frequencies Orange intends to use.

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Tuesday 30 September 2008

Bonnier buys Working Mother Media

Bonnier Corp. has acquired Working Mother Media Inc., the publisher of Working Mother magazine, from MCG Capital and founding CEO Carol Evans. Financial terms were not revealed, according to Folio:.

Bonnier does not plan to fold Working Mother into its other publications, including Parenting and Babytalk, according to a company spokesperson.

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Monday 29 September 2008

Washington Post buys Foreign Policy magazine

The Washington Post Co. announced Monday it will acquire Foreign Policy, a magazine focused on global economics and politics, according to the company press release posted on TradingMarkets.com.

Foreign Policy, based in Washington, was founded as a quarterly publication in 1970, and later re-launched as a bimonthly magazine in 2000. With its focus on global politics, economics and ideas, it now has readers from more than 160 countries and is printed in nine languages, according to Bloomberg.

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Thursday 25 September 2008

TMG will not buy De Pers

Dutch publisher TMG will not buy De Pers, owned by Dutch millionaire Marcel Boekhoorn, Newspaper Innovation reported.

Boekhoorn holds a 5 percent share in TMG, which has recently seen its share price rise.

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Tuesday 23 September 2008

CBS CEO: CNET purchase paves the way for digital realm

CBS CEO Leslie Moonves said buying technology network CNET gave the company an important spot in the digital sphere from being an “old media” outlet, reported Wired.com.

“We could build over the course of a decade, or buy CNET and become instantaneously a major player,” said Moonves.

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Wednesday 17 September 2008

OC Register anticipates bids

A real estate and investments billionaire and a healthcare boss are looking to buy the Orange County (California) Register, the Orange County Business Journal reported.

George Argyros, a real estate and investments billionaire, and Larry Higby, chief executive of Apria Healthcare Group Inc., have shown interest in buying the newspaper. The Register is also said to be in talks with the Los Angeles Times about combining some operations in order to share costs.

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Tuesday 16 September 2008

Google buys Korean blog developer

Search giant Google has bought South Korean blogging developer Tatter and Company, Lenta.ru reported Monday. The firm’s main product is blogging service TextCube.

Tatter might expand TextCube outside of Korea, as Google’s sister site, according to Lenta.ru. Google, meanwhile, is expected to increase its share in the Korean online market, which is the ninth largest in the world.

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Monday 15 September 2008

Russian portal Mail.ru buys online mobile service

Russian web portal Mail.ru has bought online resource Smape.com and mobile ICQ service Sm@per, Lenta.ru reported Monday.

Smape.com, a mobile portal with an average of 500,000 visitors per month, redirects Web users to Mobile.Mail.Ru.

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Friday 12 September 2008

News Corp. may sell Russia billboard unit to JCDecaux

News Corp. may sell a Russia billboard unit to JCDecaux SA, the world's second largest seller of outdoor advertising, Bloomberg reported Thursday.

The two companies are negotiating the sale of Moscow-based News Outdoor Group. JCDecaux would pay by cash and shares, according to an email statement from the France-based company.

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Wednesday 10 September 2008

Fairfax buys free weekly

Fairfax Media will buy free weekly community newspaper D-Scene, based in Dunedin, New Zealand, the National Business Review reported.

D-Scene was launched earlier this year, in a heated market, and Fairfax has said it is in a position to give readers and advertisers more choices.

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Wednesday 3 September 2008

Gannett buys majority stake in CareerBuilder

Gannett Co., Inc. has bought another 10 percent stake in CareerBuilder from Tribune Co. for US$135, giving Gannett a 50.8 percent controlling stake in the largest job site in the United States, MarketWatch reported Wednesday.

“This transaction offers us an excellent opportunity to monetize some of the value CareerBuilder has built over the years, while enabling us to maintain a significant stake in a great online property,” said Sam Zell, chairman and chief executive of Tribune, according to MarketWatch.

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Monday 1 September 2008

Foreign media investments in Turkey to be less restricted

Foreign investments in broadcasting companies in Turkey may become less restricted in the future, thanks to amendments to a Radio and Television Supreme Council (RTÜK) law expected to be made as early as next year, the European Journalism Centre (EJC) reported Monday.

Currently, the law permits outside firms to own just a 25 percent stake in media outlets in the country.

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German publisher buys stake in decoration site

German publishing group Burda has paid nearly £2 million (US$3.6 million) for a minority stake in interior decoration site mydeco.com, which was created by Lastminute.com co-founder Brent Hoberman, Brand Republic reported Monday.

Mydeco.com provides users with 3D imaging software that lets them see what furniture from top retailers would look like in their houses, according to Brand Republic.

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