Showing posts with label Digital Media. Show all posts
Showing posts with label Digital Media. Show all posts

Monday, October 5, 2015

RateWatch was Acquired by TheStreet in 2007 for $25 Million

This Weekend Business Insider Article:
 Online lending is 'disruptive and could be very large' - that has the Fed worried


 Rate Watch can explode through servicing the DISRUPTIVE online lending business! 

If you break down the current value of the TheStreet (TST) $1.65  (6.2% dividend), you will find the underlying business is valued at $23 million.

Current Market Capitalization: $57 million
Cash: $34 million

Total Underlying Business : $23 million
Stock is valued at 1/3rd Sales

The Deal :

  • 2012 acquired for $5.8 million (cash). $11.5 million in sales. paid 1/2 Sales
BoardEx:

  • 2014 acquired for $21 million (cash). $9.5 million in sales. paid 2X sales
Rate Watch
  • 2007 "$25 million, consisting of approximately $16.9 million in cash (net of $3.9 million in debt repayment) and 636,081 shares of unregistered common stock of TheStreet.com." from TheStreet press release 2007
TheStreet 
  • founded 1996

This Weekend Business Insider Article: 

Online lending is 'disruptive and could be very large' - that has the Fed worried


I believe Rate Watch can explode through servicing the DISRUPTIVE online lending business! 

Tuesday, May 20, 2014

Pioneer Todd Harrison Exiting Digital Media

Todd Harrison announced this week he will be exiting the digital media business. The Minyanville web site has been one of the best daily reads since it was created in September 2001.

  • "The secular online publishing dynamic has shifted quickly, and there's desperation in the air. I would argue the digital media model is broken, with most of the players chasing clicks and treading water. Online financial-content companies have been struggling to reach profitability for years..."
  •  " That leaves subscriptions and licenses, which become tougher sells in an information-overloaded, in-your-face multichannel environment. That devolved into a fear-mongering, can-you-top-that headline chase, which is both unfortunate and inconsistent with our brand ethos. I believe there's a better way to execute our mission, and it's not the online media model."