How much did ns sell for?

"This is the largest milestone in Newschoolers.com’s history and we could not be more excited. We have just signed an aquistion deal, with Studio411 a division of Sportnet"

really? the word "aquisition" means a purchase. a "partnership" where someone is aquired is a buy-out unless I am mistaken.
 
nothing wrong with the fellas gettin paid, but unless i also read the article incorrectly, it was sold. am sure that they can continue to run the site the way that they want.
 
"He told me that his company was very impressed by our site and you guys and interested in the acquisition of Newschoolers.com. I immediately brought the issue to Chris and Paul, and all three of us thought it was a pretty silly idea, and that we would never sell."

"NS Management, our management company that has been running the site since Harvey passed on the torch, will continue to run the site just as before. Everyone who makes Newschoolers.com what it is today will remain in place but we will be given an influx of resources like we have never imagined."

Im sure majority ownership is still with the same guys, so it would be a very small portion acquired if that was the case

 
almost 100,000 who spent on average 25 minutes a day on this site? if i owned NS i'd ask for 2 million
 
brah, nobody who works in private equity or aquisition throws money at a company unless they can have a controlling interest. without controlling interest they can't shape the company a cash cow to get a solid return on their investment.

aaaah, kids are so nieve and idealistic....its adorable.
 
They sold but they're staying in control of the site cause they know way more about skiing than the people who bought it
 
haha cash cow..nice year 10 business studies there.

i'm doubting NS mgt would have sold a large portion for the prime reason of losing complete control of the company.

Of course there will be a tradeoff between $$$ and control, but we aren't talking about a complete buyout here. From how I interpret it, amongst other things there will be SIGNIFICANT profile given to these companies like studio411 along with input on the site but it will continue to run similar to as it does now.

Well i hope so anyway.

 
I am betting that they made waaaay less than a dollar for each hour they devoted to NS.

Quit asking it is no ones business but thier own.
 
I am betting that they made waaaay less than a dollar for each hour they devoted to NS.

Quit asking it is no ones business but thier own.

^Thankyou, the same guys are clearly running it so it doesn't matter
 
I bet he got a pretty penny for it

intro.jpg
 
The site is worth a good chunk, the ad revenue potential alone is ridiculous. (over 300 people who constantly browse the site for houers on end)

I'd sell adspace to google and keep the site for myself. As it stands now (without many ads) it's not a very profitable model and I can't see anyone paying too much for it besides for consumer influence and media distribution.
 
you guys could have sold this site for a lot of money

this site has too much potential for its own good.
 
So why is it important?

NS is going to get a lot better, have streaming video and what not, that is all I really care about, thats all that matters, the site is going to get better. You dont pay to use the site, so money isnt an issue.
 
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