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Industry: Email Alert RSS FeedGuardian Media to buy ContentNext
Telecomworldwire, July 11, 2008
TELECOMWORLDWIRE-11 July 2008-Guardian Media to buy ContentNext(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Guardian News and Media (GNM), the UK newspaper publisher and a division of the Guardian Media Group plc, has announced today (11 July) that it has reached a deal to acquire ContentNext Media, an online publishing company that owns several news and opinion websites aimed at the media professional.
ContentNext run paidContent.org, mocoNews.net, paidContent:UK and contentSutra.com. The websites offer professional news, information and analysis to executives in the media, entertainment and technology sectors, with each site having a particular regional of industry focus. The firm also runs a complimentary events business.
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GNM said that the acquisition will form part of the Guardian Professional Group, and will extend the group's reach into the media, professional and publishing industries. Editor and founder Ali Rafat and CEO Nathan Richardson will continue to run ContentNext as an independent unit.
Financial details of the acquisition were not disclosed.
((Comments on this story may be sent to tww.feedback@m2.com))
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