Dods / ePolitix For Sale
Guido hears that Huveaux plc, the parent company of The House Magazine publishers, Dods and the yawntastic ePolitix.com (written by many, read by few) is for sale and on the block with private equity house August Equity LLP circling.
The parent company has £18m of debt and a capitalisation of only £40m, Guido suspects that any buyer will therefore be keen to spin out the political publishing arm. Huveaux supposedly paid £5m for "Political Wizard", a political search engine and "sophisticated campaigning tool". Not.
ePolitix until recently claimed to be the "UK's premier politics site", but after a bit of needling about them trailing some political blogs (which Guido is too modest to mention) they changed their slogan to "shaping the political agenda". Meaning they will reprint any lobbyist's press releases for cash.
The parent company has £18m of debt and a capitalisation of only £40m, Guido suspects that any buyer will therefore be keen to spin out the political publishing arm. Huveaux supposedly paid £5m for "Political Wizard", a political search engine and "sophisticated campaigning tool". Not.
ePolitix until recently claimed to be the "UK's premier politics site", but after a bit of needling about them trailing some political blogs (which Guido is too modest to mention) they changed their slogan to "shaping the political agenda". Meaning they will reprint any lobbyist's press releases for cash.
7 comments:
what a boring website. reminds me of the BBC's news coverage.
"what a boring website"
I quite like their photograph of Brown on the gallows. When did that happen? I must have been looking the other way.
Let's try again...
Mister Scruff
Surely not - BBC main news coverage seems to be dominated by trailers/puff pieces for other BBC programmes and medical scare stories.
With a google pagerank of 6 (same as Guido) they can't be all bad, though?
sorry if this seems like spam:
http://trannyfattyacid.blogspot.com/2007/11/rabid-ranting-in-support-of-mccanns.html
but this post contains a rather funny email from UKIP spokesman Piers Merchant in relation to Portugal, the McCann's and the collapse of politcal thought.
"Guido hears"?! It's hardly a secret is it? The bid approach was announced to the stock market last month and the details were all over the weekend press (I believe that's the DTP to you...)
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