OLD Media Moves

24/7 Wall St. buys other sites, plans expansion

May 28, 2008

The 24/7 Wall St. news site has purchased two other investor news related sites and is planning to expand its operations in the coming weeks, according to a post in its Web site.

It purchased BioHealthInvestor.com and VSInvestor.com.

24/7 Wall St.The post stated, “This transaction will also ultimately result in the re-launch of another specialized website in the coming weeks.  These and other retooled websites that will come under the 247WallSt.com umbrella will be promoted via the parent 247wallst.com website and elsewhere on the web.Â

“24/7 has already begun upgrading and expanding these sites, and expects to launch more specialized features over the coming weeks.  The company will expand the sites’ contributor lists to broaden its exclusive and targeted content and to publish more information that investors in these fields need in the new environment of instant information and opinion editorial content.

Douglas A. McIntyre of 24/7 Wall St., LLC said, ‘This move will be the first in a series of planned purchases of financial opinion sites with the goal of building a network for advertisers and readers.  There are currently a number of independent content sites which might be better off as part of a larger publisher, both financially and in terms getting writers.'”

Read more here.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.