Hearst has announced that former Yahoo News general manager, Neeraj Khemlani, has been named vice president and special assistant to the CEO for digital media at the company.
"The creation of this new position is designed to accelerate the progress through greater cooperation and synergy across divisional lines," said Frank A. Bennack, Jr., vice chairman and CEO of Hearst."Neeraj is uniquely equipped to help me and my colleagues realize that goal."
Hearst Corp, MediaNews Buy Most Of Kaango
About three months ago, The Hearst Corporation acquired Kaboodle. Now, in conjunction with MediaNews Group, it’s spent $20 million on 80 percent of Kaango.
Hearst Acquires Kaboodle
Never mind the kit: Kaboodle alone costs over $30 million. That’s the social shopping community’s rumored price tag, anyway, following an acquisition by Hearst Corp.; Kenneth A. Bronfin, the president of Hearst Interactive Media, explained that his company thinks Kaboodle “will bring to social shopping what MySpace has brought to social media.”
Hearst Acquires UGO
Hearst Corporation has purchased UGO Networks, an online entertainment company that targets men.
Hearst Sells Stake In Local.com
We usually write about companies buying each other, but in this case, Hearst Corporation is going against the trend: it has sold its stake in Local.com.
Hearst and Microsoft Make Print Digital
Newspaper giant Hearst Corporation unveiled its News Reader software, a product born of a partnership with Microsoft. News Reader software debuted in beta at the Seattle Post-Intelligencer as a downloadable application, allowing an on-screen view of Hearst newspapers.
The news comes in the wake of growing concern for the future of print media as online content becomes more prevalent and preferred.
George B. Irish, president of Hearst Newspapers, and Kenneth A. Bronfin, president of Hearst Interactive Media.
Hearst Acquires Social Networking Site
Hoping to capitalize on the online teen market Hearst Magazine’s digital unit has acquired eCrush.com a conglomerate of entertainment and social networking sites for teens and young adults. The purchase price has not been disclosed.