old media

Digital publishers fall back to earth

The digital publishing industry was hit with a surprise late last week as reports broke indicating that digital media darling Mashable was sold to Ziff Davis for just $50m.

That’s a small fraction of the $250m investors had valued the company at in its most recent funding round last year.

SAY Media acquires ReadWriteWeb

Yesterday ReadWriteWeb, a popular technology blog founded by Richard MacManus in 2003, announced that it is being acquired by digital publishing upstart SAY Media. 

Terms of the deal were not disclosed, but according to TechCrunch’s sources, the deal was under $5m.

SAY Media has been active on the acquisition scene, having snapped up web properties including Dogster, Remodelista, a digital agency called Sideshow and publishing platform company Six Apart.

The apparent strategy; instead of simply building an ad network for new media, SAY Media wants to consolidate the market and own the properties it sells against.