AllThingsD » Federated Media Publishing

Federated Media Buys Lijit Networks

Kara Swisher — Tue, 04 Oct 2011 12:00:16 +0000

San Francisco-based Federated Media Publishing said it has bought Lijit Networks, a smaller online advertising analytics and tools firm.

The price for the Boulder, Colo., start-up — which was founded in 2006 — was undisclosed, but it has received just under $29 million in venture funding from firms such as Foundry Group. Federated said Lijit would continue to operate independently, “but in conjunction.”

In an interview yesterday, Federated CEO Deanna Brown said the buy was to round out offerings for its clients and to better compete in a world where most of the online ads go to the top five players.

“I am excited we can give both publishers and advertisers more tools for engagement and monetization,” she said.

Federated, which lost big social-media news site Mashable earlier this year, also benefits from increased scale and inventory of sites.

Lijit CEO Todd Vernon, who will become EVP of technology at Federated, said that it was ever more important for ad-focused firms on the Web to “deliver the entire stack.”

“Lijit has a core competency in the media business, and combined with FM’s best-in-class sales force, we can offer everything needed to do effective online campaigns,” he said.

Here’s the official press release:

Federated Media Publishing To Acquire Lijit Networks

Combined Entity Will Power More than 77,000 Independent Publishers Across the Web Via Comprehensive Advertising, Analytics and Reader Engagement Tools

SAN FRANCISCO, October 4, 2011 – Federated Media Publishing, which powers the best of the Independent Web, today announced the acquisition of Lijit Networks, Inc. Lijit is a leading provider of advertising services, audience analytics and reader engagement tools for online publishers of all sizes. The combined entity will reach nearly 300 million global unique visitors according to Quantcast.

Lijit, headquartered in Boulder, Colorado, will continue to operate independently but in conjunction with the rest of Federated Media Publishing. Lijit CEO Todd Vernon and COO Walter Knapp will take on corresponding EVP of Technology and SVP of Platform Revenue responsibilities at Federated Media Publishing and will report directly to Federated Media Publishing’s CEO, Deanna Brown. Additionally, Lijit board member Seth Levine from Foundry Group will join the Federated Media Publishing board of directors, effective immediately.

With the addition of Lijit Networks’ existing publisher relationships, Federated Media Publishing will now reach more than 77,000 online publishers and nearly 15,000 expert communities, making it one of the largest companies to power publishing on the Independent Web. The acquisition vastly expands the combined company’s inventory of sites, offering premium advertisers improved scale and reach.

Publishers Will Profit and Flourish

Lijit helps publishers more thoughtfully interact with and better understand their audience by providing analytics and engagement tools that build deeper relationships, lengthen time on site and increase page views. These robust and actionable audience analytics and reader engagement tools leverage intent, behavior and demographics to help publishers of all sizes increase revenue and better engage their readers.

Additionally, the combined advertising services provided by FM and Lijit will give publishers of all sizes a revenue stream that complements existing sales efforts and helps grow and monetize their website businesses, no matter what the size.

Advertisers Can More Easily Analyze and Engage

The combination of Federated Media Publishing’s premium online advertising and conversational marketing programs and Lijit’s proprietary data collection tools will empower advertisers to better understand user intent, contextual relevance and demographic information. And by leveraging the combined entity’s extensive publisher relationships, advertisers will have unprecedented scale on the Independent Web.

Introducing Programmatic Buying to the Independent Web

Programmatic buying is one of the fastest growing trends in digital media and the introduction of Lijit’s robust RTB exchange will equip media buyers with one of the largest platforms available. Over the next few months, Federated Media Publishing and Lijit will develop a series of private exchanges that will highlight leading independent publishers. These exchanges will allow brands to engage active, passionate consumers found in highly conversational online communities and publications, while delivering premium CPM rates via FM’s conversational marketing programs.

Quote

“The Lijit Networks team is just as passionate and committed to powering publishers as we are at Federated Media Publishing and that was a crucial element to this decision,” said Deanna Brown, chief executive officer, Federated Media Publishing. “Our combined relationships, proprietary tools and conversational marketing services will be invaluable to publishers and advertisers alike.”

“Federated Media invented how to leverage authentic voices and engaged conversations that exist in the Independent Web,” said Todd Vernon, founder and CEO of Lijit Networks. “The combination of the two companies is a game changer in the industry that unlocks new opportunities for both companies and our combined publisher network.”

Federated Media Promotes President and COO Brown to CEO, Replacing Battelle

Kara Swisher — Wed, 02 Feb 2011 11:00:00 +0000

Deanna Brown (pictured here) will become CEO of Federated Media Publishing, replacing Founding CEO John Battelle, the online media company said.

Brown was brought in 18 months ago as president and COO, after stints at Yahoo, AOL and Scripps Networks Digital.

Battelle–who will become executive chairman, as well as chief strategy officer–had publicly written about a looking for a successor.

In a statement, Battelle said: “In May of 2009, I posted that I was looking for a partner to help take Federated Media to the next level. During Deanna’s tenure we’ve witnessed some exciting milestones as a team. Today I am thrilled to announce the next stage of our partnership as we continue to grow and evolve as a company.”

Here’s the official press release from the advertising and publishing company:

Federated Media Publishing Promotes Deanna Brown to CEO

Company Closes Strong 2010 and is Slated for Aggressive Growth in 2011

SAN FRANCISCO, February 2, 2011–Federated Media Publishing, the leader in powering the best of the Independent Web at scale, today announced that current president and chief operating officer, Deanna Brown, will take on an expanded role as chief executive officer.

Since joining the company in September 2009, Brown has been instrumental in leading all strategic initiatives for the company including growing revenue, building support for client teams, growing margins, maintaining top talent culture and growing Federated Media’s suite of products and services.

Key milestones during Brown’s tenure include:

· Six consecutive quarters of profitability for the company

· A 62 percent growth in top-line revenue and a 35 percent growth in ad programs

· Investments and acquisitions to help better serve partners, including TextDigger, BigTent, FoodBuzz and Clever Girls

· Continued focus on hiring top level talent to supporting client teams and new product offerings

Federated Media founder and Chairman John Battelle will take on a new role as Executive Chairman of the Federated Media Board of Directors and chief strategy officer. He will continue to focus on providing senior client service, core strategy, and leading Federated Media’s own events.

Battelle and the Federated Media Board of Directors have been planning this move for more than a year as part of plan to best highlight the strengths of both executives and their continued partnership.

For 2011, Federated Media will continue to focus on expertly servicing clients and powering innovation on the Independent Web. The company also plans to continue execution on an aggressive investment strategy that will help to expand client offerings, services and products in key lifestyle, business, technology and trend verticals.

Federated Media Makes Another Buy: Foodbuzz

Kara Swisher — Thu, 18 Nov 2010 02:00:48 +0000

Federated Media Publishing, which recently bought a community platform aimed at parents, announced tonight that it was making another acquisition.

This time, it’s a site called Foodbuzz.

According to the site, which calls itself a “food blog community,” it has exclusive deals to sell advertising for 4,400 independent food bloggers, making it a top food property.

Foodbuzz has raised $1.75 million in funding.
FM declined to give any financial details of what it paid for the San Francisco-based start-up.

FM bought community platform BigTent earlier this month, as it seeks to create large networks of niche content to better sell premium advertising.

In an interview with BoomTown after the BigTent acquisition, FM CEO John Battelle said the move was to further strengthen its tools for both the advertisers and publishers it serves, especially to create better “content conversations.”

Battelle also said that the additions to FM’s offerings are moving it toward helping content makers and advertisers create more relevancy, well beyond simply serving ads.

Here is the official press release from FM:

Federated Media Publishing Acquires Foodbuzz

Combination creates the largest and best collection of independent food bloggers

SAN FRANCISCO–Federated Media Publishing (FM), a media company that powers the best of the independent web, today announced the acquisition of Foodbuzz, the leading online food property.

Exclusive relationships with more than 4,400 independent food bloggers allow Foodbuzz to reach more than 14 million unique users per month. Combined with FM’s premier food sites, including Serious Eats and Bakerella, the new offering is the best way for marketers to engage with top-quality audiences discussing food.

“There’s a reason so many people share recipes, watch their favorite chefs on TV and talk about where they ate last night,” said Deanna Brown, President and Chief Operating Officer of FM. “Food is a universal topic that everyone loves to discuss. With Foodbuzz, FM can invite brands into the very best of those discussions at significant scale.”

“When you look at the innovative display-ad units, content marketing and blogger outreach programs created by both of our companies, this combination is a natural fit,” said Ben Dehan, the Founder and CEO of Foodbuzz, who is joining the senior management team at FM. “The sales teams, product mixes and great bloggers from both FM and FoodBuzz belong together, and we can’t wait to put this new offering in front of the best brands.”

FM’s purchase of Foodbuzz comes on the heels of three other significant transactions:

• The acquisition of BigTent, the leading community platform for local groups, especially groups of parents.

• The acquisition of semantic-search technology from TextDigger.

• A partnership with the Clever Girls Collective to reach audiences on more than 1,000 top-quality lifestyle blogs.

Federated Media Will Search for New Leader Says Founder and CEO Battelle (Plus a Web Squared and Double-D Video!)

Kara Swisher — Fri, 15 May 2009 17:32:20 +0000

John Battelle (pictured here), the founder, chairman and CEO of Federated Media Publishing, told his staff this morning that he will begin a search for a new top exec to take the company into its next stage of growth.

Battelle, who is apparently not leaving the San Francisco-based company, wrote that the new exec–whose title could be CEO–would report to him.

In a post on the FM site about the move called “The Start of Something, Again,” he wrote:

“It’s time to take it to the next level. FM is no longer a scrappy startup, and while its leadership team is deep and experienced, we’ve come to the conclusion that to take the company to the place we all know it can go, we need an additional leader on board. So today, I’m announcing that I’m officially launching a search for that position. It used to be you did this in private, but we live in the world of social media, and one of FM’s mores is transparency. I want to honor that value today.

So let me be clear: I am in no way leaving the business. This new leader–the title will depend on the person–will be responsible for running the business–taking all reports and managing to our plan–but he or she will be working very closely with me.”

FM, which sells online advertising for a large group of social-media sites and blogs, raised $50 million in funding a year ago from Oak Investment Partners, giving it a valuation of over $200 million.

The start-up had previously raised about $4.5 million from other investors, including the New York Times, the Omidyar Network and Panorama Capital.

FM reportedly did $40 million in revenue last year and has been cash-flow positive for many years, although the recent economic downturn has impacted its bottom line.

Here is a video interview I did last night with Battelle and others at a dinner he and Tim O’Reilly threw in San Francisco for Silicon Valley movers and shakers, related to the upcoming Web 2.0 Summit that they organize.

He did not mention the exec search at FM, though–instead he talked about the next phase of Web 2.0, which he is now calling “Web Squared.”

No kidding.

Here’s the video–which also includes CBS (CBS) Interactive exec Zander Lurie suggesting a more buxom name for D: All Things Digital:

[ See post to watch video ]

Web 2.0 Expo: An “American Idol” for Start-Ups

Marisa Taylor — Sat, 04 Apr 2009 00:13:06 +0000

During the “Launch Pad” session, five start-ups took a grilling from developers, journalists and venture capitalists, then faced a crowd vote at the Web 2.0 Expo’s version of “American Idol.”

As attendees texted their votes, moderator John Battelle, founder of Federated Media Publishing, jokingly asked: “Want to have a dance-off?”

None were necessary. The techies in attendance were starry-eyed for all things mobile, picking Nitobi’s PhoneGap, an open-source tool for building mobile apps, as the People’s Choice winner. Life-tracking site zeaLOG was a close second.

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