Wednesday, 4 Nov 2009 | Source: The Associated Press
Genealogy Web site Ancestry.com has succeeded in raising $100 million in its initial public offering. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenue, it fared better than other IPOs that have recently priced below their filing ranges.
Internet company IAC/InteractiveCorp, which owns sites such as Ask.com and Match.com, has weathered the economy more successfully than most old media companies, CEO Barry Diller told CNBC Friday.
Cox Communications has made it no secret that it's open to selling a majority stake in Travel Channel Media and my sources tell me bids for the cable channel are due tomorrow... Read More
It was a tough quarter for Viacom, which struggled the economy, namely the weak ad market and lower video game sales of its "Rock Band" game... Read More