20 April 2008
Entrepreneur Media May Be For Sale
Posted by Duckeldannys Money Blog under: Ad News; General; Net News .
Rumor has it that Entrepreneur Media is up for sale; its asking price is supposed to be $200 million. And even if you haven’t heard of Entrepreneur Media, speculation puts well-known names like Yahoo, Time, and R.H. Donnelly among the would-be buyers.
Entrepreneur Magazine and Entrepreneur.com are the biggest Entrepreneur Media assets. The magazine’s been around since 1977, according to Rafat Ali, and Compete believes the site is drawing a fair amount of traffic, so both should be pretty tempting.
Let’s have a look at the potential bidders, then. Yahoo could use absolutely anything that’s profitable at this point, but it’s all the better that Entrepreneur Media could be tied into the already-popular Yahoo Finance. For Time, the same thing could be said (substituting “Fortune” for “Yahoo Finance”). And Ali points out that R.H. Donnelly already owns Business.com, so Entrepreneur Media would be complimentary to it, as well.
Of course, it would still be nice to have some confirmation of attempts at a sale. Entrepreneur Media’s president, Neil Perlman, didn’t say “yes” to Ali, and FOLIO claims that a Lou Pearlman occupying the same position said “no” to them last week.
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