OREANDA-NEWS. Time Inc. (NYSE:TIME) announced today that it has acquired
Missouri-based FanSided, a sports, entertainment and lifestyle network
of more than 300 websites with thriving communities. Launched in 2009,
FanSided is one of the industry’s fastest growing independent digital
content networks, with a collective audience of approximately 15 million
unique visitors per month that generates an average of 50 million page
views per month. Terms of the deal were not disclosed.
FanSided’s unique fan-focused editorial voice, very popular mobile app
and personalized digital newsletter are behind FanSided’s rapidly
growing popularity among millennial sports and entertainment fans.
FanSided’s community of 1,500+ contributors will deepen Sports
Illustrated’s local sports coverage and add more weight to the brand’s
new customization platform, which is set to launch later this year. Time
Inc. also plans to further leverage FanSided’s entertainment and
lifestyle coverage across its brand portfolio.
This acquisition builds on a two-year partnership between Time Inc. and
FanSided that saw the network’s growing audience roll into the overall
SI Digital footprint, providing the sales and marketing teams with yet
another valuable product to offer clients. Founders
Adam and Zach Best,
along with partner
Matt Blake, will join Time Inc. and oversee FanSided
as a division of the Sports Illustrated Group, working closely with SI
Group Publisher
Brendan Ripp, Editor
Paul Fichtenbaum and SVP, Digital
Scott Havens.
“The FanSided business is an investment in a modern content strategy
plus deeply engaged and passionate audiences,” said Time Inc. CEO
Joe
Ripp. “The entrepreneurial and agile FanSided leadership team is a great
addition to our growing Sports Illustrated Group portfolio.”
Since becoming an independent public company in 2014, Time Inc. has been
extending its brands, content and audiences into new revenue streams
through investment and acquisition. Time Inc. acquired Cozi, a
technology company that leads the family productivity space, and UK
Cycling Events (UKCE), the UK’s leading provider of premium cycling
events. Time Inc. is an equity investor in 120 Sports, a groundbreaking
OTT network created by multiple leagues and content companies; and a
lead investor in Keaton Row, a go-to resource for busy women who want
the luxury and convenience of personal shopping in an online
environment. Building upon the diversity and authority of its trusted
content, Time Inc. introduced MIMI,
a constant stream of social chatter, beauty content and video, as well
as The Snug,
a DIY social aggregation website targeting millennials.
The acquisition also aligns with SI’s expansion into men’s lifestyle
categories, such as fitness, adventure sports and the global sneaker
community. Over the past year the brand has launched nearly a dozen new
editorial and digital products–a large reason for the brand’s selection
to Advertising Age’s 2014 A-List and Adweek’s Best Sports
Publication honors. Earlier this year at the NewFronts, the company also
announced a new video initiative: SI Films, which will develop video
programming for all platforms and mediums. This aggressive growth
strategy has driven 30% of y-o-y growth in UVs to the SI Digital network
which now reaches more than 24MM (comScore April ’15 vs. April ’14).
ABOUT TIME INC.: Time Inc. (NYSE:TIME) is one of the world's
leading media companies, with a monthly global print audience of over
120 million and worldwide digital properties that attract more than 120
million visitors each month, including over 50 websites. Our influential
brands include People, Sports Illustrated, InStyle, Time, Real Simple,
Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light,
Fortune and Food & Wine, as well as more than 50 diverse titles in
the United Kingdom such as Decanter, Horse & Hound and Wallpaper*. Time
Inc. is home to celebrated events and franchises including the Fortune
500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s
Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence
Festival and the biennial Fortune Global Forum. Hundreds of thousands of
people attended our live media events in 2014. We also provide content
marketing, targeted local print and digital advertising programs,
branded book publishing and marketing and support services, including
subscription sales services for magazines and other products, retail
distribution and marketing services and customer service and fulfillment
services, for ourselves and third-party clients, including other
magazine publishers.
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