Dennis Berman of The Wall Street Journal writes Friday that media companies such as Dow Jones & Co. and The New York Times could bid as much as $400 million for the business.com web site, which is on the block.
“Their interest shows how, well into the Internet age, media companies are still eager for properties that can deliver online revenue and growth. Business.com, Santa Monica, Calif., has 2007 earnings before interest, taxes, depreciation and amortization of about $15 million, the people familiar with the matter said, with its online traffic growing by 50% in the first quarter of 2007, compared with the year earlier.
“The people familiar with the matter say that the final price for Business.com is hard to predict. But at $350 million, a deal would value the company at some 24 times cash flow. Credit Suisse is running the auction.”
Read more here.
Fox Business host Larry Kudlow has no plans to leave his role amid reports detailing…
Morgan Meaker, a senior writer for Wired covering Europe, is leaving the publication after three…
Nick Dunn, who is currently head of CNBC Events as senior vice president and managing…
Wall Street Journal editor in chief Emma Tucker sent out the following on Friday: Dear…
New York Times metro editor Nestor Ramos sent out the following on Friday: We are delighted to…
Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…
View Comments
Adding another asset to the pile to raise the bid price perhaps? This resembles the strategy the Chicago Cubs are using by stockpiling good players that should raise the overall value of the team even when they don't win any more than before.
Only 1 word - 'Overpriced'!!
Definitely not worth the cash IMHO.
Hi Chris
I am sorry -but I can't agree with you.
According to surveys, most developed countries spend 40% of their advertising budget online as it is where the future lies. That figure is going to increase substantially with more internet penetration in other countries.
IMHO, Business.com - provides the single largest targetted ads after Google and their portfolio/traffic is increasing by the day. If some-one pays $350 million - that would be an investment for the future.:smile: I wish I had the bucks.
PS: I made a comment earlier on this topic and gave a URL pointing to the recent interview by Jessica Bowman, Director of SEO, Business.com where she provides a rare insight into the inner-functionality of the site.
Can you please publish it -as most probably its in the moderation page due to the URL.