The New York Times Company Investor Relations
Tip of the hat to Rafat -- I found this news at paidcontent.org.
Whoa. Active M&A season in the world o'content. First Dow pays a big price for Marketwatch, now the Times snatches up About (nee' The Mining Company).
I'm not, and never have been, a big fan of About.com. (the guides don't add that much value and the click-throughs are irritatingly framed) But there's no fighting the reality that guides have always been a big draw for the masses. They made Scott Kurnit wealthy, and About.com was Tom Rogers big Hail Mary acquisition when he was helming Primedia. How this integrates with the NYT.com and Boston.com hasn't penetrated my thick skull yet. In any case, it is a big step up to the plate for NYT Digital and signals aspirations far beyond making a buck off of their morgue and ad impressions.
It's all beginning to feel very 1996 all over again. The interesting thing, Google IPO fever aside, is the action is in the acquisitions, not the offerings. With About.com done, what's next on the M&A radar?
A tip of the hat to Jimmy Guterman and the staff at Forrester Magazine for their launch this month. I'm proud to be a contributor to the first issue with a piece on Innovation Networks, along with former-Forbes colleague Adam Penenberg and Inside.com co-founder Richard Siklos.
Jimmy and I go back to PC Week in the 80s (when I used Norton Utilities to forge higher scores than his on our shared copy of Tetris), then Forbes.com where he helped us get off the ground with some excellent writing.
Jimmy is a great rock writer, the man who made The Industry Standard's Media Grok a must-read, and an excellent editor as evidenced by the quality of Forrester Magazine. The debut is an auspicious one and sure to be a hit with its audience. It's tough to break out of the tech magazine cliche, but this one manages to.
You can follow the link above to request an issue. No ads. Not a party organ for Forrester, just really good technology coverage that breaks out of the tired pack (aside from the obligatory Larry and Sergey photos on the covers).