Hearst Corporation Posts

Report: Roku is considering an IPO in the U.S. this year

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Roku is a video streaming service that may be going public later this year, according to sources with Bloomberg. Roku makes set top boxes that connect TVs to the Internet.
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Dering Hall Raises $1.4 Million From Lerer, Softbank, Hearst, And Other Investors

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Based in New York City, Dering Hall, is a digital platform company that focuses on home design.  Dering Hall has raised $1.4 million in a new round of venture capital funding.  Investors in the seed round include Lerer Ventures, Softbank Capital, Hearst Corporation, and several other investors.

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TV Device Company Roku Raises $60 Million

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Roku is a digital TV entertainment company that has raised $60 million in funding led by Fidelity.  Hearst Corporation also participated in this round of funding.  Previous investors that participated in this round include BSkyB, News Corporation, and Dish Network.  Roku has raised a total of $130 million thus far.

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Hearst Ventures Invests $30 Million Into Science Inc.

Hearst Ventures is the investment arm of publication company Hearst Corporation.  Hearst Ventures is making a minority investment in Science Inc., a Los Angeles based tech studio and incubator.  Hearst is the sole investor in this round of funding.  The investment is rumored to be worth a 20% stake for $30 million according to AllThingsD.

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Hearst Has Around 800,000 Digital Subscribers Across Content Network

Hearst Corporation, the parent company of publications like Car & Driver, Cosmopolitan, Elle, and Car & Driver, claims to have around 800,000 paying digital subscribers.  These numbers were announced in a letter to employees at the company by Hearst President David Carey.  This figure includes monthly subscribers across all of their titles on iPads, Nooks, Androids, etc.  Mr. Carey claims that this figure is “the highest in the industry.”

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Next Issue Media Is The “Netflix For Digital Magazines”

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Even though the iPad has been around for two years, it has not made much of an impact on the digital magazine market. Digital magazines make up only 1% of the industry circulation total and the publishers know that this could be a problem. This is why Next Issue Media has announced an Android app, which encourages users to read more publications on their tablet. Next Issue is a joint venture between five magazine publishers: Conde Nast, Hearst, Meredeth, News Corp. and Time Inc.
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HootSuite Continues To Grow After Turning Down Multiple Offers


HootSuite is a social media management company that launched three years ago. Since then they have grew to almost 4 million users with $75 million in revenue. HootSuite’s founder Ryan Holmes said that he and several shareholders have sold $20 million worth of shares to OMERS Ventures, which is an investment arm of one of Canada’s largest pension plans. This is one of the biggest venture capital deals in Canada.
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Group Commerce Brings Group Deals to Hearst Magazines

Hearst magazines are now offering group discounts through a platform designed Group Commerce, beginning with Road & Track and Car and Driver. AllThingsD reports that the deals will later be offered in other magazines, like Marie Claire, Esquire and Cosmopolitan. The discounts will be found in the magazines themselves, but also in each magazine’s online presence.

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