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Hearst Acquires 20% of Stylus Media Group

Hearst Acquires 20% of Stylus Media Group

By Mike Fossum March 28, 2012

Hearst Corporation announced today that it has acquired a 20% stake in the London-based Stylus Media Group, a collective that provides business intelligence to consumer companies, according to Paul Luthringer, Vice President at Hearst Corp. Hearst CEO Frank A. Bennack, …

Is This the Answer for Online News Revenue?

Leading publishers are getting together for what is widely being considered something of a "Hulu for magazines." Publishers involved include Conde Nast, Hearst, Meredith, News Corporation and Time Inc.

Seattle Post-Intelligencer Moves Online

The Seattle Post- Intelligencer (P-I) will become the nation’s largest daily newspaper to move entirely online, its publisher Hearst Corporation announced today.

The announcement was made by Frank A. Bennack, Jr., vice chairman and chief executive officer, Hearst Corporation, and Steven R. Swartz, president of Hearst Newspapers. The final print edition of the newspaper will appear tomorrow.

Seattle Paper Plans For Online Only Edition
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The Seattle Post-Intelligencer has informed some of its staff that they have been selected to work for an online only version of the newspaper, if publisher Hearst moves forward with plans to shutdown the print edition.

Seattle PI Logo

Two reporters said they received "provisional offers" from P-I New Media boss Michelle Nicolosi or Hearst executive Ken Riddick, according to the P-I Web site.

Yahoo News Manager To Join Hearst

Hearst has announced that former Yahoo News general manager, Neeraj Khemlani, has been named vice president and special assistant to the CEO for digital media at the company.

"The creation of this new position is designed to accelerate the progress through greater cooperation and synergy across divisional lines," said Frank A. Bennack, Jr., vice chairman and CEO of Hearst."Neeraj is uniquely equipped to help me and my colleagues realize that goal."

Esquire Embracing E Ink In October

For their 75th Anniversary, Esquire Magazine plans something special: an electronic paper cover, complete with moving words and images.

Hearst And MSN To Launch Food Site
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Hearst Magazines and MSN are partnering to launch a new food Web site called Delish.com.

The two companies say Delish will launch in the fall of 2008 and will be its own brand controlled by Hearst Magazines Digital Media and distributed on MSN.

Under the terms of the deal Hearst will be responsible for the design, development and editorial content of the site. MSN will handle the advertising and the distribution of the site’s content via the MSN network.

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
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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
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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.