paidContent.org - The Economics of Content

Current Story

Scripps Buys Photo/Video Sharing Service Pickle For $4.7 Million; Keyword Competition Hurting

By Rafat Ali - Wed 08 Aug 2007 12:20 PM PST

Scripps Networks (NYSE: SSP) is serious about its online buys...last month it announced buying of Recipezaar for around $25 million. Now it announced that it is buying audio and video media sharing service Pickle.com and the user-generated content management platform that comes with it. Update: We’ve confirmed that the price is about $4.7 million.

Pickle, based in Washington DC, will help Scripps add these media sharing capabilities across their network of lifestyle sites. The site was launched to the public in June last year, and has been privately funded by the founders and outside angel investment. My guess is the price was in single digital millions The price is $4.7 million, and is mainly for the technology. More in release.

Deanna Brown, president of Scripps Networks Interactive Group, spoke at our LA Mid-Year digital media review panel two weeks ago..the audio from that panel is here.

Updated 2: Also, Scripps filed its 10-Q for Q2 today, and it confirmed the Recipezaar acquisition price we mentioned last month: $25 million. Also, some oncern at their two aquisitions at Shozilla and uSwitch (some of which the company addressed at the Q2 call): Its Q2 referral fee revenue was lower than the prior year period due to changing market conditions. Lower energy costs in UK have resulted in a softer switching market at uSwitch, it said. :We continue to push the expansion of uSwitch into other service categories, including personal finance and insurance. The vigorous competition for keywords in the search engine marketplace continued in the second quarter and resulted in modestly lower referral fee revenue at Shopzilla compared to the same period a year ago.”

Posted in: Companies, Scripps, Social Media, Photo Sharing, Video Sharing, VC+M&A

Related Research from Alacrastore.com

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile/BB App
» Mobile/Wap Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconAds Conference - The Economics of Ad Deals. Tuesday, June 3rd, 2008. The New World Stages, NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters