All3Media acquires Optomen Television, producer of The F Word

Optomen, one of the UK’s top factual TV producers, has been acquired by independent television production group, All3Media.

Optomen’s joint venture with superchef Gordon Ramsay, One Potato Two Potato, also joins All3Media as does Optomen’s New York based company Optomen Productions Inc. All three companies will be wholly owned by All3Media.

Over more than a decade, Optomen has been responsible for launching the TV careers of household names including Clarissa Dickson Wright and Jennifer Paterson (Two Fat Ladies), Jamie Oliver (The Naked Chef), Gordon Ramsay (Gordon Ramsay’s Kitchen Nightmares) and Mary Portas (Mary Queen of Shops). Other recent hits include Heston’s Feast, Great British Menu and Market Kitchen as well as Police, Camera, Action! which has been running for 15 years on ITV. These series are distributed globally by Optomen International.

The sale of One Potato Two Potato after two years of trading is a coup for Gordon Ramsay, who in recent years has taken a keen interest in the business of television in addition to fronting an unprecedented five network TV series on both sides of the Atlantic. These include the upcoming Gordon Ramsay’s Best Restaurant on Channel 4 in the UK and Optomen’s original format, Kitchen Nightmares, alongside Hell’s Kitchen and Masterchef for Fox in the US.

Since its launch in 2002, Manhattan based Optomen Productions Inc has also produced a wide-range of factual programming for U.S. networks. The company has enjoyed continued growth and is currently in production on shows for Animal Planet, Discovery, Travel Channel and Food Network. Recent hits include Worst Cooks in America and Monsters Inside Me.

Pat Llewellyn, Managing Director of Optomen said: “The television landscape has changed dramatically and now feels like the right time to benefit from the scale and experience of All3Media. The support they’ll give us on the business side will allow us to spend more time doing what we love most, working with the best talent to make fantastic programmes that people want to watch.”

Gordon Ramsay joined her in saying: “I’m very happy to be joining All3Media and look forward to growing One Potato Two Potato in the UK and in America. Twenty years of working in kitchens has taught me that success is always a team effort, and with the help of the team at All3Media I’m confident we can take things to the next level and soon reach three potato, four potato and more.”

Steve Morrison, Chief Executive of All3Media said: “Pat Llewellyn and her team have done a wonderful job with Optomen producing long running, award winning and genre defining TV series one after another. They are a jewel in the UK’s TV crown and have a distinguished record in discovering new on screen talent and developing shows that get the best out of that talent. And with One Potato Two Potato they have created a brilliant vehicle to make the most out of the unstoppable force of nature that is Gordon Ramsay. We look forward to helping Optomen and One Potato Two Potato grow in Britain, America and around the world. We welcome them to the All3Media family.”

UK, London & USA, New York, NY

Federated Media acquires technology suite from TextDigger

Federated Media Publishing has acquired a platform for semantic and linguistic profiling of web-based content from TextDigger, a San Jose-based semantic search startup.

“FM’s home-grown technology platform is largely an untold story”.“We’re proud to place TextDigger’s semantic profiling technology in FM’s hands,” said Tim Musgrove, founder and CEO of TextDigger. “I’ve followed FM’s growth over the last few years and admire the company’s work. They have amassed a great team and a solid technology platform. I’m happy that our IP and our people will be integrated into such a wonderful company. This is a great strategic fit for all sides involved.”

TextDigger’s technology complements FM’s platform with a robust set of semantic solutions for content tagging, filtering and clustering, as well as related tools that simultaneously enhance the user experience, ad targeting, and semantic search engine optimization for a site or network of sites. The addition of TextDigger’s technology will bolster FM’s custom publishing and sponsorship capabilities for brand advertisers.

The acquisition is one major piece of FM’s ambitious technology plans. The company recently hired Chief Product Officer, Amy Yeh, to head up a growing technology team and platform roadmap. Tim Musgrove, TextDigger’s founder, will join FM as Chief Scientist, while retaining an affiliation with TextDigger as their Senior Research Fellow. Also joining FM will be Robin Hiroko Walsh, VP Engineering, Peter Ridge, Sr. Director of Product Management, and Jim Hull, Lead Software Engineer.

TextDigger will continue its search business, with Bob Perreault, the company’s Chief Business Development Officer, moving into the role of CEO. All of TextDigger’s customers will continue to be supported by either FM or TextDigger, depending on their type of project or service.

USA, San Francisco, CA

Facebook acquires Hot Potato

Hot Potato, an app that lets you build a social stream around events and other activities, are reporting on their blog that they have been acquired by Facebook.

“This wasn’t an easy decision, especially since we’ve built up a base of dedicated users. If Hot Potato was going to sell to anyone, Facebook was the natural choice. Facebook is still small, moves fast, provides a great supportive environment for people to be entrepreneurial, and most importantly, Facebook builds great products. We’re looking forward to joining their team. We’ll soon be wrapping up operations at Hot Potato. We will no longer be accepting new user registrations, and we will be offering existing users a way to download their information from the site. To do this, go to: http://hotpotato.com/dashboard/history. In about a month, Hot Potato will close up shop and delete all user data. No user data or account information will be kept by Facebook. We will be sure to keep you posted on this process over the next few weeks.”

USA, Brooklyn, NY

PennWell acquires Fire Apparatus Magazine

PennWell Corporation, a diversified global media and information company, has acquired Fire Apparatus & Emergency Equipment magazine and the website FireMagazine.com.  Financial terms of the sale were not disclosed.

Fire Apparatus & Emergency Equipment, founded in 1996 in Tunbridge, Vermont by C. Peter and Kathryn Jorgensen under the company name Fire Apparatus, LLC, is a leading source of information about fire apparatus-related products. Published monthly for a North American readership of 35,000, Fire Apparatus & Emergency Equipment caters to fire chiefs, purchasing and finance committees, trustees, commissioners and other fire professionals who buy trucks, tools, turnout gear and firefighting equipment. They read Fire Apparatus and the monthly Fire Apparatus eNewsletter for news and insight to make well-informed buying decisions.

PennWell President and Chief Executive Officer Robert F. Biolchini said, “PennWell is pleased to expand our fire portfolio with this outstanding publication and website, which provides us a vertical extension focused on equipment and apparatus.  Since 1996 Kathryn Jorgensen and her late husband Peter Jorgensen have built their company based on editorial excellence and a strong industry reputation.  Fire Apparatus offers a perfect fit with PennWell as we celebrate our own centennial anniversary this year.”

Fire Apparatus, LLC President Kathryn Jorgensen will assist with the transition and expressed her confidence in PennWell as the best home for the future growth of the publication and website. “My goal in selling Fire Apparatus was to find a publisher who would continue and strengthen the magazine that my husband founded.  I am very pleased that PennWell, which has an excellent reputation in the fire service and in providing information to multiple global markets, will do that,” she said.

PennWell will manage the business from its headquarters in Tulsa under Lyle Hoyt, senior vice president responsible for PennWell’s Dental and Fire Groups. Current Fire Apparatus publisher and sales manager Bob Kelly and editor-in-chief Lyn Bixby will continue in those roles under PennWell.

USA, Tulsa, UK

Chegg.com acquires CourseRank

Online textbook rental company, Chegg.com, has acquired CourseRank, the Mountain View-based start-up that provides college students an easy and convenient way to create and share their course schedule, take classes with their friends, read and write reviews on classes and professors as well as find out how professors grade.

“We are excited about adding CourseRank to the portfolio of content and services we can offer students to make college easier and more affordable,” said Dan Rosensweig, President and CEO of Chegg.com. “We all share a commitment to saving students time, money and making them smarter.  It’s amazing how popular CourseRank has become on campus, having nearly 100,000 users and growing every day.”

Founded by three college students and already being used on 175 colleges and universities across the U.S., CourseRank helps students manage and plan their academic careers. CourseRank’s scheduling, planning and course review system guides students by arranging relevant course information in an easily accessible display where they can track their progress towards the goal of graduation, mapping courses taken, and grades received.  A feature for students to find textbooks for their courses using CourseRank is currently in beta for select schools.

“We’re excited to be part of the number one online textbook rental company in such a hot space,” said Filip Kaliszan, Co-Founder and CEO of CourseRank. “We share Chegg’s commitment to using technology to make life easier and cheaper for college kids, and we are excited about expanding our reach to more schools, adding many new features in the next few months.”

CourseRank, founded in 2007 by three Stanford University students, has seen tremendous growth in the past year.  To date, the company has achieved adoption by some of the country’s top schools including Stanford University, the University of California, Berkeley, and Cornell University.

USA, Santa Clara, CA

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Total Beauty Media acquires LimeLife

Total Beauty Media , a USVP-funded company,has acquired LimeLife.com, the multi-platform female lifestyle and celebrity news site, which also features LimeLife’s MySnaps social shopping service.

Total Beauty Media operates a suite of digital media properties including TotalBeauty.com, BeautyRiot,com, KateLuxe.com, ModernMan.com, and the Total Beauty Media Network.  Total Beauty Media has grown rapidly since its founding in 2007.  Now, with the addition of LimeLife’s audience, Total Beauty Media ranks #6 among Beauty, Fashion, and Style Web properties according to Comscore’s June 2010 report.  And among female lifestyle mobile web sites, Total Beauty Media now ranks #1.

By offering its services across multiple environments including the web, mobile, and iPhone, LimeLife.com provides its consumers, wherever they are, with the latest in celebrity news, fashion tips, and lifestyle information.  In addition, LimeLife’s MySnaps social shopping service allows consumers to create, share, and shop from their own personal shopping wish lists via the web and mobile. 

“We are excited to expand Total Beauty’s offerings into the female lifestyle, mobile, and social shopping markets,” said Emrah Kovacoglu, founder and CEO of Total Beauty Media, Inc. “By combining LimeLife with our other digital media properties, we continue to create a powerful and scalable digital media company.  We will now be able to connect our sizable audience with the brand advertisers who want to reach these women wherever they are — at home, at work, or on-the-go.  LimeLife’s unique capabilities in reaching women on mobile are especially interesting to the future of marketing and commerce.  We intend to build upon this foundation to provide women and brands with unique mobile content and advertising opportunities.”

“We’re thrilled to become a part of the Total Beauty Media family with its ability to monetize at three times the industry average, reach millions of female readers, and produce engaging premium content,” said Kristin McDonnell, CEO and Co-Founder of LimeLife. “Total Beauty will help accelerate LimeLife’s audience growth and expand our strong advertiser base to include even more consumer brands.” 

USA, Santa Monica, CA

Nielsen plans to raise $2.01 billion through its IPO, up from previously reported $1.75M

Heavily indepted Nielsen plans to raise $2.01 billion through its IPO, according to its latest S-1 filing. This is up from the $1.75M Fusion DigiNet reported in June.

As a result of the 2006 purchase of our Nielsen by a consortium of private equity firms (AlpInvest Partners, The Blackstone Group, The Carlyle Group, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners), Nielsen has incurred a significant amount of indebtedness and have a net tangible book deficit ($8.4 billion and $8.8 billion, respectively, as of June 30, 2010).

They have also have generated net losses since that time ($489 million, $589 million and $354 million for the years ended December 31, 2009, 2008 and 2007, respectively).

Nielsen report that certain of their financial performance metrics have improved significantly between the year ended December 31, 2006 and the year ended December 31, 2009:

  • Revenues increased to $4.8 billion, generating a compound annual growth rate of 6.2% on an as reported basis and 5.7% on a constant currency basis;
  • Adjusted EBITDA increased to $1.3 billion, generating a compound annual growth rate of 14.3% on an as reported basis and 13.9% on a constant currency basis; and
  • Adjusted EBITDA as a percentage of revenue increased to 27.3% from 21.9%.

Nielsen intend to some of the proceeds of the share issue to reduce their indebtedness.

Financial performance summary

  • Revenues 2009 – $ 4,808M, 2008 – $ 4,806M, 2007 – $ 4,458M
  • Loss from continuing operations before income taxes and equity in net (loss)/income of affiliates 2009 ($603M), 2008 ($271M), 2007 ($354M)

Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behavior.

Full details are available here

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Idle Media acquires HipHopEarly.com

Idle Media has acquired www.HipHopEarly.com, an online music destination for Hip Hop single pre-releases. This acquisition follows the company’s recent agreement to acquire the assets of three other online properties: www.prisonblock.com, www.chixr.us, and www.tweetvibe.com.

“Adding HipHopEarly.com to our portfolio allows us to touch the music the fans of Dat Piff love in a much different way,” stated Mr. Marcus Frasier, Idle Media, Inc.’s President and CEO. “This acquisition is just another step in our strategy to continually expand our on-line presence in both the social gaming and hip hop niches. We’ve taken an established site with respectable user traffic, breathed new life into it and immediately integrated it into our business without incurring any additional expense. The revenue from these types of acquisitions basically flows straight through to the bottom line.”

Idle Media, Inc. is a publicly traded new media technology company that delivers cutting-edge content and online gaming through its wholly-owned operating companies, including Dat Piff, a provider of online mix tapes and user-generated content.

USA, Leesport, PA

Google in the final stages of acquiring Like.com

According to TechCrunch, Google is in the final stages of acquiring visual image technology business Like.com, for something north of $100 million.

Read the story at Techcrunch

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Zynga acquires Conduit Labs

Zynga has acquired Boston-based social games company Conduit Labs. Effective immediately, the Conduit Labs office will become Zynga Boston, a new game studio focused on new product development. The acquisition expands Zynga’s studio operations adding to locations already in San Francisco, Austin, Baltimore, Bangalore, Beijing and Los Angeles. Terms of the acquisition were not disclosed.

Conduit Labs’s CEO, Nabeel Hyatt, will become head of the new Boston studio. The Conduit Labs team will be immediately integrated into Zynga’s workforce. Conduit Labs, founded in 2007 and funded by Charles River Ventures and Prism VentureWorks, has developed several free-to-play social games for the web.

“Boston is an epicenter for technology and has a strong talent market, making it an ideal location for us to expand operations,” said Mike Verdu, senior vice president of games at Zynga. “As one of the most prominent social game companies in Boston, the Conduit team shares a similar culture and drive with Zynga, and together we anticipate great successes from our new studio.”

Zynga is the world’s largest social game developer. More than 215 million monthly active users play its games. Zynga’s games include FarmVille, Treasure Isle, Zynga Poker, Mafia Wars, YoVille, Café World, FishVille, PetVille and FrontierVille. Zynga games are available on Facebook, MySpace and the iPhone.

USA, San Francisco, CA

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