Pulse2 Technology and Social Media News » Scripps Networks http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Oyster.com Raises $7.5 Million From The Travel Channel http://pulse2.com/2011/04/25/oyster-com-raises-7-5-million-from-the-travel-channel/ http://pulse2.com/2011/04/25/oyster-com-raises-7-5-million-from-the-travel-channel/#comments Tue, 26 Apr 2011 00:38:18 +0000 Amit Chowdhry http://pulse2.com/?p=46263 Continue reading →]]>
The Travel Channel has invested $7.5 million in Oyster.com. Oyster.com is a start-up that allows professionals to make hotel reviews. Oyster.com takes a cut out of hotel reservations that they help make. The Travel Channel will promote Oyster.com on television and online as part of the funding deal.

It wasn’t too long ago that The Travel Channel switched ownership. Scripps Networks acquired control of the Travel Channel from Cox Communications in a deal worth $975 million.

Oyster.com co-founder and CEO Elie Seidman said that he came up with the website when making trips to Alaska and Hong Kong. “I came to this realization, which was that the likes of Expedia and Travelocity had solved the transactional component of travel, but the part the travel agent historically did — which is, which hotel should I actually go to? Which is the perfect one for me? — is a piece they were missing.”

The Travel Channel is involved in this second round of funding alongside Bain Capital Ventures. Oyster.com officially launched in mid 2009 with $8.5 million in venture capital funding from Bain.

[NYT]

]]> http://pulse2.com/2011/04/25/oyster-com-raises-7-5-million-from-the-travel-channel/feed/ 0 Scripps Networks Has Acquired Parent Company of Pickle.com, Incando For $4.1 Million http://pulse2.com/2007/08/08/scripps-networks-has-acquired-parent-company-of-picklecom-incando-for-41-million/ http://pulse2.com/2007/08/08/scripps-networks-has-acquired-parent-company-of-picklecom-incando-for-41-million/#comments Thu, 09 Aug 2007 02:03:21 +0000 Amit Chowdhry http://pulse2.com/2007/08/08/scripps-networks-has-acquired-parent-company-of-picklecom-incando-for-41-million/ Continue reading →]]> Scripps Networks and Incando LogosScripps Networks, the parent company of HGTV, Food Network, DIY Network, Fine Living TV Network, and Great American Country announced today that they have acquired Incando. Incando is the parent company of photo and video sharing website, Pickle.com. Scripps Networks is a subsidiary of The E.W. Scripps Company (NYSE:SSP). The E.W. Scripps Company also owns United Media, the number one cartoon licensing and syndication company that provides a home for comics such as Peanuts, Dilbert, Marmaduke, Big Nate, Frank & Ernest, etc.

The amount for the acquisition was $4.1 million. Pickle.com is based in Washington D.C. Scripps acquired Recipezaar for $25 million last month according to paidContent.

“We are committed to our strategy of owning the food, shelter and lifestyle categories online as well as on air,” stated John Lansing, the President of Scripps Networks. “With the acquisition of Incando, we now have the back-end tools to engage consumers, viewers, and marketers in a multi-branded, multimedia online universe with compelling, personalized experiences.”

References:
[1] paidContent: Scripps Buys Photo/Video Sharing Service Pickle For $4.7 Million; Keyword Competition Hurting
[2] TechCrunch: Pickle Purchased For $4.1 Million
[3] Scripps press release (via Yahoo! Finance)

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