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.
Before last night’s Emmys, co-host Michael Che promised, “We’re gonna come out on the wrong side of history for sure. We’re aiming toward it.” So did Che and his SNL Weekend Update co-anchor Colin Jost, in a broadcast overseen by SNL creator and exec producer Lorne Michaels, shake it up? After a “we solved it” […]
Path is going nowhere. The eight-year-old social media service will be removed from the App Store and Google Play on October 1; users have until October 18 to download a copy of their data. Founded by former Facebook product manager Dave Morin and one-time Napster execs Dustin Mierau and Shawn Fanning, the service had 15 […]
DASANI Sparkling is finally diving into sports courtesy of a new deal between the Coca-Cola Company and the PGA TOUR. The brand will now serve as the TOUR’s official Sparkling Water and officially launch in conjunction with next week’s TOUR Championship at East Lake Golf Club in Atlanta. To celebrate the relationship, DASANI Sparkling debuted […]
Week two of the NFL season saw upticks for all three networks carrying the league. CBS Sports’ Week 2 coverage of The NFL on CBS on Sunday delivered its best opening NFL doubleheader game rating in three years and is the highest-rated game of the day on any network with an average overnight household rating/share […]
Before last night’s Emmys, co-host Michael Che promised, “We’re gonna come out on the wrong side of history for sure. We’re aiming toward it.” So did Che and his SNL Weekend Update co-anchor Colin Jost, in a broadcast overseen by SNL creator and exec producer Lorne Michaels, shake it up? Yes, in short, with lots […]