WebProNews

Big Newsies Join Forces, Sell Online Ads

Local online advertising sold by quadrantONE, a company formed by four major newspaper publishers, launched as an alternative to the Yahoo-led consortium of newspapers.

Kaango Enchants Two Yahoo HotJobs Partners

Although Hearst Corp and MediaNews Group are linchpins in Yahoo's newspaper/online classified alliance, the two publishers have made an investment in online classified ad provider Kaango.

Hearst Corp, MediaNews Buy Most Of Kaango

About three months ago, The Hearst Corporation acquired Kaboodle.  Now, in conjunction with MediaNews Group, it’s spent $20 million on 80 percent of Kaango.

Hearst Launches High School Sports Site

Hearst-Argyle Television is launching High School Playbook that will feature high school sports on TV, online and on mobile devices.

Hearst Acquires Kaboodle

Never mind the kit: Kaboodle alone costs over $30 million.  That’s the social shopping community’s rumored price tag, anyway, following an acquisition by Hearst Corp.; Kenneth A. Bronfin, the president of Hearst Interactive Media, explained that his company thinks Kaboodle “will bring to social shopping what MySpace has brought to social media.”

Local.com Sells Stock For Financing

Local.com is $13 million richer, but the money was not so much a gift as a payment - Local.com sold about 2.4 million shares of its stock to two investors.  And those investors bought the shares at $5.50 apiece, even though the stock’s current price has only ranged between $5.70 and $7.60 over the past few days.

Hearst Acquires UGO

Hearst Corporation has purchased UGO Networks, an online entertainment company that targets men.

Local.com Picks Up PremierGuide

Yesterday, Hearst Corp. sold its stake in Local.com, but it looks like that didn’t hurt the website much - it has now acquired PremierGuide, “the largest and fastest-growing provider of private-label local search solutions to newspaper publishers, TV and radio stations, and city portal operators.”

Hearst Sells Stake In Local.com

We usually write about companies buying each other, but in this case, Hearst Corporation is going against the trend: it has sold its stake in Local.com.

Hearst & Fox, a YouTube Killer?

Last month Hearst announced their plans for 12 new online video channels to partner with their magazine websites. Now they are partnering with Fox Television Studios for their CosmoGirl and Popular Mechanics video channels, according to MediaPost.