WebMediaBrands Acquires LostRemote.com, the Leading Blog Covering the Field of Social TV
(New York, NY - August 7, 2012) - WebMediaBrands Inc. (Nasdaq: WEBM) today announced that it has acquired the assets of Lost Remote (www.lostremote.com), the leading blog covering the rapidly growing field of social TV, from its founder Cory Bergman. Terms of the acquisition were not disclosed.
"Lost Remote is yet another gem we are adding to the WebMediaBrands family of high quality social media blogs," stated Alan M. Meckler, Chairman & CEO of WebMediaBrands. "Combining Lost Remote with our other social media properties, as well as TVNewser and TVSpy, certainly solidifies our position as the leading blog network covering all aspects of television and cable news and analysis. We will continue working with Cory Bergman to produce social TV news and will soon announce dates for our first trade show in the social TV space to be called Lost Remote's Inside Social TV."
"This is an exciting new chapter for Lost Remote," Bergman said. "Few people had heard of social TV two years ago, but today it's driving more innovation in television than we've seen in the last decade. WebMediaBrands will leverage its network, resources, and expertise to help take Lost Remote to the next level at an incredible time in the business."
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM) (http://www.webmediabrands.com) is a leading Internet media company that provides content, education, and career services to social media, traditional media, and creative professionals through a portfolio of vertical online properties, communities, and trade shows. The Company's online business includes: (i) mediabistro.com, a leading blog network providing content, education, community, and career resources (including the industry's leading online job board) about major media industry verticals including new media, social media, Facebook, TV news, advertising, public relations, publishing, design, and mobile; (ii) InsideNetwork.com, a leading network of online properties providing original market research, data services, news, and job listings on the Facebook platform, on social gaming, and on mobile applications ecosystems; and (iii) SemanticWeb.com, a leading blog providing content, education, community resources and career resources on the commercialization and application of Semantic Technologies, Linked Data, and Big Data. The Company's online business also includes community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos (stocklogos.com) and premium membership services. The Company's trade show and educational offerings include conferences, online and in-person courses, and video subscription libraries on topics covered by the Company's online business.
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