Rich Barton, the founder of Zillow, a site that publishes information about specific home values, has launched his next site which aims to do the same thing to with salary information. Glassdoor.com, which launches today, publishes salary information on specific positions within specific companies. Much like Jobvent.com or TheFunded.com, which provides user-submitted reviews of venture [...]
Jeff Taylor, not satisfied with having dealt just one body-blow to the daily newspaper industry in the form of Monster.com, wants to land another in the form of Tributes.com. With $4.3M in seed funding from the Wall Street Journal, Tributes.com aims to bring the obituary page and all the revenue it generates to the web [...]
As I have written about (here and here), Landmark Communications (which also owns the Employment Guide) has placed its entire portfolio of companies on the sales block. The crown jewel of the lot is the Weather Channel, one of the last remaining independent cable channels. Not only does the weather channel enjoy impressive viewership numbers, [...]
Silly me for starting to think that things on the venture funding and M&A front were starting to slow down a bit in the online employment classified space. RealMatch announced that they have raised another $3M in funding (albeit a while ago), bringing their total financing to $9.5M in VC funding. More interesting was the [...]
In yesterday’s post, I attempted to estimate the current valuation of the Star Tribune in the context of Blackstone’s negotiations with Avista and Credit Suisse. I surmised that the $100M Avista invested is worth nothing today, and that the remaining $430M in debt was worth no more than $215M, and probably quite a bit less [...]
Following the report in the New York Post on Sunday that the Star Tribune was near bankruptcy, Strib publisher Chris Harte has repeatedly denied the rumors and publicly stated that the daily has sufficient liquidity. But the paper has brought in the Blackstone Group to help restructure the company’s debt-laden balance sheet that is about [...]
It was announced today that Jobster raised another $7M in VC funding from existing investors including Ignition Partners, Mayfield Fund, Reed Elsevier Ventures, and Trinity Ventures. The funding brings the total amount of venture capital invested in the company to a whopping $55M, $18M of which was raised in 2006. No information was released about [...]
After a few weeks of ‘Dailies Are Struggling’ articles piling up, I’ve decided to just provide a list of them with a brief summary. In going through the exercise of listing them, however, it becomes quite apparent that not only is the bad news coming at a faster pace and in regard to more companies, [...]
Silicon Alley Insider Henry Blodget recently wrote a post that Craigslist was worth $5 billion. It’s an interesting question to consider what Craigslist might be worth, and Blodget runs through what appears to be a decent, back-of-the-envelope type analysis. But in the end, the valuation of $5B is overstated and the entire exercise is just [...]
There Is No Positive Alpha In Daily Newspaper Stocks Shocking that a recent post on seekingalpha.com shows how poorly daily newspapers fared in maintaining, let alone growing, their market share in 2007. Of the 17 media companies examined, the 3 worst performers were New York Times, McClatchy, and Gannett. Also not surprising was the fact [...]