Aereo has announced this week that they will be expanding their TV streaming service to Boston, Massachusetts in a few weeks. Users that registered with Aereo will be able to tune in to the service starting May 15th and then will open it up to everyone on May 30th. Boston is the second city to get Aereo after New York City. This past January, Aereo said that they plan to expand to 22 cities in the U.S. over the course of the year.
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Vimeo is a video sharing website that is known for hosting crisp HD video. The company has acquired Echograph, a popular iPhone and iPad app developed by Clear-Media. Echograph lets you build creative videos that look like animated GIFs. After the acquisition is completed, Vimeo will most likely make the $2.99 Echograph app free. The Echograph team will be reporting to Vimeo president Dae Mellencamp. The terms of the deal were undisclosed.
InterActiveCorp has announced their Q4 earnings. The company runs media properties like Match.com, Ask.com, and About.com. IAC also has a controlling stake in Newsweek Daily Beast. Newsweek ended their printing edition last year to focus on their digital publication. Winding down print operations came at a price for the company.
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InterActiveCorp’s incubator for building apps, Hatch Labs, is going independent according to Betabeat.com. Hatch Labs is rumored to be shutting down their offices on the fifth floor offices in the IAC building on 18th street in Los Angeles.
Aereo is a web TV service company that has raised $38 million in Series B funding. Aereo plans on rolling out to 22 more U.S. cities this year starting in the late spring. This round of funding was led internally by Barry Dillar’s IAC. Previous investors Highland Capital Partners, FirstMark Capital, and First Round Capital also participated in this round.
InterActiveCorp is going to acquire Tutor.com, a website that connects students with tutors. Tutor.com helps students with finding a tutor that knows high school algebra, physics, biology, literature, etc. Tutor.com will join other popular IAC properties like Match.com, About.com, Dictionary.com, and CollegeHumor.com. Tutor.com has around 3,000 tutors on their network and the website has been online since 1998.
Newsweek and The Daily Beast merged back in November 2010. Newsweek recently announced that they would be ending the print version of their publication. Newsweek is the famous 80-year-old weekly news magazine and is going entirely digital. The December 31st edition will be the last print edition. The online successor of the print version will be called Newsweek Global, which will offer a single subscription-based international edition made for e-readers, tablets, and web browsers.
It is confirmed that InterActiveCorp has acquired About.com for $300 million from The New York Times. The acquisition includes About.com, ConsumerSearch.com, and CalorieCount.com. The deal will be closed in the next few weeks. The acquisition will be down almost entirely in cash. IAC beat Answers.com in a bidding war as they had offered around $270 million in debt and equity. The New York Times had acquired About.com for $410 million in 2005 so they are selling it off at a major loss. After Google changed their search algorithm, About.com’s traffic had plummeted. Check out the press release below:
