ViralNova, a Social News Aggregator, Sells to Zealot Networks

Earlier this year, executives at social news site ViralNova had to make a decision. The two-year-old company that has never raised outside funding could stay independent and try to keep up with larger digital media companies like Vice and BuzzFeed on its own as was the plan since Sean Beckner joined as CEO in early 2014. Or it could become part of a larger media company to try to level the playing field. Mr. Beckner and ViralNova's founder Scott DeLong have chosen the latter.ViralNova has been acquired by Zealot Networks, an eleven-month-old media-and-entertainment company run by Danny Zappin who had co-founded Maker Studios, which Disney bought last year in a deal worth $950 million.After raising $30 million in funding last year, Mr. Zappin's new company has been building its business by buying a bunch of companies including a couple of talent management firms, three ad agencies, a content-licensing firm, a magazine publisher and a couple of music labels. Of the 15 acquisitions Zealot has completed since launching last year, ViralNova marks its largest one to date, said Mr. Zappin. He declined to say how much Zealot is paying for ViralNova but said that it's a cash-and-stock deal. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2015-07-09 00:00:00 UTC ]
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Get 'Network Automation Cookbook' ($27.99 value) FREE for a limited time

Network Automation Cookbook is designed to help system administrators, network engineers, and infrastructure automation engineers to centrally manage switches, routers, and other devices in their organization's network. This book will help you gain hands-on experience in automating enterprise... Continue reading at Betanews

[ Betanews | 2021-01-20 14:20:02 UTC ]
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Should social media companies alone have the power to ban Donald Trump?

Should the public be represented if digital media has created a new public square? Continue reading at Media Week

[ Media Week | 2021-01-12 14:01:06 UTC ]
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Fox News and the real insurrection

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Eric Jerome Dickey, best-selling African American novelist, dies at 59

Described as ‘one of the few kings of popular African-American fiction for women,’ he wrote 29 books that together sold more than 7 million copies. Continue reading at The Washington Post

[ The Washington Post | 2021-01-06 13:20:32 UTC ]
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Fane sells over 70,000 tickets for online season

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John le Carré, Best-Selling Author of Cold War Thrillers, Dies at 89

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Kimberly Drew and Jenna Wortham on Social Media, Black Futurity, and the Archive

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Bob Dylan sells entire publishing catalogue to Universal Music

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Infectious Media sells to Kepler Group with global expansion plans

Digital media businesses want to scale globally in competition with 'new breed' of digital media businesses Brainlabs, Croud, Jellyfish and S4. Continue reading at Media Week

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Buzzfeed to take over online news site HuffPost

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Bertelsmann acquiring S&S would be 'profound antitrust issue' for the trade, News Corp c.e.o. claims

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