Tag Archives: Glam Media
Glam Media Plans To IPO In Second Half Of Next Year
Glam Media is expected to have an IPO in either the third or fourth quarter of 2012. The company is currently talking to bankers such as Goldman Sachs and Morgan Stanley to lead the IPO. Glam Media is expected to top 206 million unique visitors per month across all of their properties. It is currently a comScore Top 10 U.S. Web Property. Glam is rumored to be valued at $950 million after acquiring Ning for about $200 million. [BusinessInsider]
Glam Acquires Ning For Around $200 Million
Glam Media is a company that is considered a social content platform for websites that focuses primarily on women’s interests. Glam will be acquiring Ning.com, a website that allows you to easily create your own social network. Ning.com was co-founded by Silicon Valley Internet tycoon Marc Andreessen. The price is rumored to be about $200 million in cash, stock, or some combination. It is believed that Glam Media is going public soon so Ning is likely to have received a substantial amount of shares.
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Categories Glam Media, Marc Andreessen, Ning
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Glam Media Hits $100 Million In Annual Revenues, Planning An IPO
Glam Media hit a run rate of $100 million in annual revenue and is planning to go public around next fall according to a source with VentureBeat. Glam Media is hiring bankers to help them plan the IPO. Glam Media provides ads to independent publishers in exchange for a cut of the revenue. Fashion and shopping bloggers and publishers share the revenue 50-50 with Glam. Glam’s network of publishers hit about 90 million monthly unique visitors. Glam started about six years ago and is led by CEO Samir Arora. [VentureBeat]
Categories Glam Media, Samir Arora
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Glam Media Hires Former Microsoft Exec Bruce Jaffe
Glam Media has hired Bruce Jaffe as the new CFO of the company. Jaffe is a former Microsoft executive. Jaffe will be replacing Stephen E. Recht, who will retain the position through the summer.
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Categories Bruce Jaffe, Glam Media, Microsoft Corporation, MSN, Stephen E. Recht
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Glam Hires Yahoo! VP and GM Advertising Technology Platforms Josh Jacobs
Glam Media has hired Yahoo! VP and General Manager Advertising Technology Platforms Josh Jacobs. Jacobs ran the Yahoo! display ad platform and the publisher network. At Glam, Jacobs will be working as the SVP of Brand Advertising Products & Marketing. Glam grew about 50% in display advertisement revenues over in 2009 thus far. Yahoo!’s display ad revenue actually dropped about 15%.
Glam CEO Samir Arora said that their growth is because of high engagement rates. Visitors tend to spend more time on Glam than websites such as iVillage or Conde Nast. Glam was profitable as of this past September. The company will remain profitable through the rest of the fourth quarter too.
Glam raised $125 million in funding from Information Capital LLC, Accel Partners, DFJ, DAG Ventures, Walden Venture Capital, GLG Partners, Hercules Technology, Growth Capital, Hubert Burda Media, and Mizuho Venture Capital. Glam was founded in September 2003.
Categories Glam Media, Josh Jacobs, Samir Arora, Yahoo!
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Glam Media Raises $10 Million; Total Funding Now At $124 Million
Glam Media has raised another $10 million in funding as announced today. The funding came from overseas. Mizuho Venture Capital (Japan) and Hubert Burda Media (Germany) led the investment. Thus far, Glam has raised a total of $124 million.
In addition to the funding, Glam has also formed a joint venture to create Glam Media Japan KK. Through the joint venture, ad agencies Dentsu and ADK invested in Glam’s Japan unit. Magazine publishers Shogagukan and Syueisya also invested in Glam Japan.
Glam receives about 3 million unique visitors of local women per month in Germany.
[via CenterNetworks]
Glam Launches Glam Deutschland In Germany After Acquiring Codex
Glam is an advertising company that focuses on powering the inventory for women-driven content sites. After acquiring a large German content company called Codex Media, Glam launched Glam Deutschland. Glam was rumored to be acquiring Codex back in July but it was confirmed recently.
Glam also plans to launch a new division of their business that will have a focus on the interest of men. The project is internally known as CodeBlue. Codex was the owner of Cosmopolitan German and Elle Germany. The employees of that company will become employees of Glam Deutschland. Former DoubleClick VP, Ralf Hirt will be leading the Glam Deutschland team [VentureBeat].
Glam plans on launching in Japan and France shortly. While Glam is continuously growing it’s business, they have reduced on employee headcount. The company laid off 14 out of 200 of their employees (7%).
Glam was started by Raj Narayan, Ernie Cicogna, and Dianna Mullins. Glam is based in Brisbane, Calif. and raised $115 million in funding. Glam also penetrated the U.K. market by acquiring a company called Monetise Ltd.
Categories Glam Media
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