While ZDM CFO Andy Johns declined comment, multiple sources say the sale was an ad play for j2.”It’s pretty clear the ZDM sale was not predicated so much on the legacy media brands, but much more so on the ad network that [CEO] Vivek [Shah] established along with the clever targeting capabilities he developed for consumer tech buyers,” according to a knowledgeable industry source. “The valuation on ZDM is stunning–it’s the difference between marketing a digital pure-play business and one that was perceived to be a traditional media house.”No reports of possible reorganization or future plans for ZDM brands–including PCMag.com, ComputerShopper, ExtremeTech, Geek.com, ZiffDavis B2B and ad targeting platform BuyerBase–had surfaced as of Monday afternoon.Launched just under two years ago, BuyerBase collects, stores and analyzes real-time audience data to provide targeted advertisements based on user behavior.The ZDM sale was kept quiet until today according to a source with intimate knowledge of the market, and comes just two years after former Time Inc. digital group president Vivek Shah and investment firm Great Hill Partners (GHP) joined to purchase ZDM in June of 2010. Terms of that deal were not disclosed, although the source estimates the deal was likely between $40 and $60 million. GHP says it targets equity investments of $30 to $150 million with a holding period of three to seven years.Ziff Davis, which currently reaches over 50 million in-market buyers every month, split and sold its Ziff Davis Enterprise (ZDE) division to Insight Venture Partners in 2007 for $150 million. ZDE was then sold to lead-gen firm QuinStreet in February of this year, resulting in massive layoffs.Following the 2007 split, ZDM was one of the first media companies to file for bankruptcy in March of 2008. Emerging that summer with a deleveraged balance sheet, ZDM then shuttered or sold each of its remaining print brands to go digital-only in early 2009.The j2 purchase is the latest in a line of precipitous drops for Ziff Davis since it stood at the top of the tech media world in the late-1990s.While j2 expects to add $60 million in revenues for 2013 as a result of the acquisition, Ziff Davis was generating 10-times that a little more than decade ago-in FY1999, the company produced $535 million. Two years later it was down to $430 million, and by 2002, earnings had fallen to $209 million. Revenues in its last full year before separating, 2006, were $181 million.j2 Global provides cloud-based individual and business messaging services through brands eFax, Onebox, eVoice, Campaigner, Fusemail, KeepItSafe and CampaignerCRM In its Q3 statement, j2 reported an 8.4-percent increase in revenues (up to $93.2 million) and an EBITDA of $50.5 million. The company expects to exceed previous earnings estimates of $365 million as a result of the acquisition. To stay updated on the latest FOLIO: news, become a Facebook fan and follow us on Twitter! Cloud services provider j2 Global has acquired long-standing tech media publisher Ziff Davis Media (ZDM), the companies announced Monday.The purchase is for $167 million and is expected to be immediately accretive, according to the release. The transaction will be funded from j2’s cash on hand.”We have years of experience and significant interest in the digital media and online marketing space both as a large scale consumer of advertising and as a seller of advertising on our ad supported properties,” said Hemi Zucker, CEO of j2 Global, in a statement. “This acquisition brings scale to this effort with a top leadership team deeply committed to building the business through organic growth, which we expect to continue.” read more
News Email Sound Thinking NYC Introduces H.S. Women To The Music Industry Facebook Sound Thinking NYC Helps H.S. Women With Music Biz sound-thinking-nyc-introduces-hs-women-music-industry Twitter A unique pilot program hopes to create a pipeline of next-generation women, each ready to make their personal place in the music industryPhilip MerrillGRAMMYs Jul 18, 2018 – 2:56 pm The inaugural free program Sound Thinking NYC began its three-week summer intensive on July 9 with 40 female students from New York City’s five boroughs who will be entering grades 11 and 12 next year. Based at City University of New York’s Creative Arts Team, the pilot program selected its entering summer class from 85 applications.”The primary thing that we were looking for in the applicants was that they had a passion about learning more and demonstrated in their essays and answers that they could commit to exploring the world of music,” said CUNY-CAT’s Executive Director Dr. Jeanne Houck.With visits to recording studios, panels of industry experts and leadership training filling their days through July 27, the program will continue to support these students after they return to school. It was inaugurated in partnership with NY Is Music and the Mayor’s Office of Media and Entertainment. Downtown Music Publishing CEO Justin Kalifowitz helped initiate the pilot program based on his previous experiences speaking to school groups.”The kids were not particularly enthused and I got up there and started talking about the music business, and not only my job, but all of the other jobs that exist behind the scenes,” he said. “I watched the kids’ eyes light up. I probably spent an hour and a half answering questions. These were all high school juniors, seniors.”The experience inspired him to do something about it, and now the extended team of educators and music pros is making the behind-the-scenes jobs real with the first 40 motivated prospects.”We think it’s a great way to incubate that talent, which will create a real pipeline of women entering into the field,” said Commissioner Julie Menin with the Mayor’s office. The prospects for expansion are positive as well, with two summer intensives of 50 students each planned for next year.Catching Up On Music News Powered By The Recording Academy Just Got Easier. Have A Google Home Device? “Talk To GRAMMYs”Read more read more
– / 5Excuse us while we toot our own horn for just a moment, but we have to congratulate the Houston Public Media’s winners of this year’s Lone Star EMMY Awards. The Lone Star chapter of the National Academy of Television Arts and Sciences oversees the regional EMMY Awards in Texas. Lone Star EMMY awards go to the most experienced and talented television professionals from Texas’ 19 television markets. Fun fact: the Lone Star chapter is one of the largest in the country.The 2016 presentation took place this past Saturday night, October 15th, in Fort Worth. And the awards went to…For Arts & Entertainment Segment “Body Art: The Moving Canvas” (an Arts InSight segment) Tomeka Weatherspoon, Producer Matthew Brawley, Videographer/Editor“I was nominated twice in the same category at the EMMYs this year, which was a fantastic surprise. But I honestly wasn’t sure how the results would play out. You never know. I won for a feature I produced called ‘Body Art: The Moving Canvas.’ It’s about an artist named Vonetta Berry who paints on the human body. Her work is colorful, fun and captivating. I am so thrilled to have had the opportunity to capture and share her story.” – Tomeka Weatherspoon“I believe this was the first time I had ever shot and edited a story for Tomeka, and I guess we did all right. I consider shooting and editing stories for Arts InSight to be ‘my wheelhouse.’ This is the third time in four seasons of AIS I’ve won an EMMY in this category!” – Matt BrawleyFor Interview/Discussion Program Manor Of Speaking #407 Ernie Manouse, Producer/Host Matthew Brawley, Director Joshua Adams, Director Of Technology“What an honor to again receive the EMMY for best Interview/Discussion series for Manor of Speaking. It was a fun run, and I’m happy to know we ended strong, with the audience still enjoying our (hopefully) witty and warm educational banter. It was great fun each week bringing Downton Abbey to our community – sharing historical facts and interacting with the audience via social media. I happened to be with Al Pacino when we got the news that Manor had won, and I have to say, I think Al was even more excited than I was – hugging me, and even planting a kiss on my cheek! It was truly a memorable moment.” – Ernie Manouse“What can I say about MOS that hasn’t already been said? It was so much fun to work with that production team and to see the way we were connecting with our audiences. I was more creatively invested in that show than anything else I’ve ever worked on. To see it win three EMMYs in a row in that category is incredible validation that the decisions that Ernie and I made in the creation of Manor were the right ones. I’m going to really miss it come this January.” – Matt Brawley“When we were creating Manor of Speaking it was important to make sure it had relevance in the community. We wanted to really engage on the phenomena of Downton Abbey and be the place in Houston where everyone came to have a shared conversation about a common experience… in this case what you just watched on TV. I’m so pleased and proud to be a part of a team that understands the importance of this mission and why Houston Public Media is the only place Manor of Speaking could ever have existed.” – Josh AdamsFor Direction / Live or Recorded HOU Decide: The 2015 Houston Mayoral Debate Matthew Brawley, Director“It was a real challenge to pull that one off — a lot of moving parts, a lot of candidates, and most importantly a great crew to work with who were all on-point that night. It was also very interesting to lead a team comprised of both HPM personnel, who I work with every day, and KHOU Channel 11 personnel, who in most cases I’d never worked with before.” – Matt BrawleyWe’re extremely pleased to see our colleagues’ hard work receive this prestigious recognition. Now, back to work, everyone! Share read more
Darjeeling: A youth was arrested in the wee hours of Saturday in connection with an alleged gang rape of a minor girl at New Jalpaiguri station area. Two others are absconding. The accused Mohammad Ansar, a resident of Dangipara, Siliguri was produced at Jalpaiguri court on Saturday.The incident had occurred three days ago. Ansar and two of his friends had abducted a minor girl and taken her to the parking lot adjacent to the NJP station. They had allegedly sexually assaulted her inside an auto. The victim was then rescued. Police have also launched a man hunt for two of Ansar’s associates.
Kolkata: The Bengal Government is very sincere, active, and doing quite well in its efforts to bring investments to the state, according to Masayuki Taga, Consul General of Japan, Consulate General of Japan, Kolkata.”Apart from creating a strong eco-system and good infrastructure for businesses, the Bengal Government is trying to build a positive image, and that’s a positive exercise,” Taga said at the Manufacturing Excellence 2018 organised by CII on Also Read – Rain batters Kolkata, cripples normal lifeWednesday afternoon.”This is quite a prudent approach on its part in view of the stiff competition among the states for getting investments. Here my suggestion is: get as many Japanese as possible here in Bengal. Let them to see for themselves what the state is all about and whether it is worth investing in. In fact, more Japanese must know of Bengal’s potential as a rewarding investment destination. The more potential Japanese investors visit the state, the better for Bengal,” Taga observed.”A lot of changes have taken place and a conducive industrial climate has come about in Bengal in the past few years,” Taga said. “Let more people know about this, and the moment they will know about the changes, investments will flow,” Taga added. read more