“Although the terms of the Knowingly purchase haven’t been made public, sources who looked into buying some or all of the assets said the initial price for the editorial part of the company was $6 million, but eventually that was reduced to $1 million, and still many bidders backed out—in part…”Tagged: Media Acquisitions, GigaOm
““In its latest quarterly earnings report, Axel Springer—which owns a number of major daily newspapers and magazines in Germany, as well as a large online-classified site—said that if it had owned Business Insider for all of 2015, the site would have contributed $42.8 million in revenues. When the…”Tagged: Media Acquisitions, Business Insider, Axel Springer, September 2015