Mashable was just sold – and it didn’t exactly fetch a hefty price tag. The digital media company was purchased by Ziff Davis, a publisher of gaming, healthcare, and tech content. The news was first reported by the Wall Street Journal. According to the paper, Ziff Davis only paid about $50 million for the company. That figure undoubtedly comes as a major disappointment to Mashable’s investors. The company was valued at $250 million as recently as last year, following a $15 million funding round led by Turner. Mashable’s efforts to sell itself have been known for a while now; back in September, the Journal reported that the company was talks with German mass media company ProSiebenSat.1. It’s not quite clear yet how Ziff Davis came to be the buyer. The companies haven’t commented publicly.
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Katie Couric and Queen Latifah during a keynote session at the Cannes Lions festival in France, announced new projects backed by Procter & Gamble and aimed at bolstering the number of female directors and storytellers. Via her production company Katie Couric Media, Couric is working on a series called Getting There, which profiles highly successful […]
Jason Ritter (Kevin (Probably) Saves The World) nabbed a key role in Netflix’s straight-to-series sci-fi family drama Raising Dion… Serinda Swan (Inhumans) landed a starring role in CBC’s upcoming drama Coroner… Ben Daniels is joining season 3 of Netflix’s The Crown, playing Princess Margaret’s husband, Antony Armstrong-Jones… Molly McCook (The Ranch) and Josh Pence (La […]
The PGA TOUR liked a new deal with Facebook, announcing an agreement with the platform to distribute exclusive Saturday and Sunday live competition coverage, on a free basis, from eight tournaments leading into the FedExCup Playoffs for the 2017-18 season. Running on Facebook Watch in the US, the coverage will be produced under the PGA […]
The NBA detailed activation plans for the NBA Draft this week, with promotion that includes (but is not limited to): American Express hosting an exclusive NBA Draft experience for approximately 140 Card Members and select executives, which will include a group photo on the NBA Draft stage, a private reception, and a Q&A/autograph/photo session with […]