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Internet Brands Continues Bulk Buying: Acquires Four Sites; Slower M&A Pace This Year

Internet Brands’ habits of buying sites in bulk continues, though the volume has come down considerably. The Los Angeles-based online media and e-commerce holding company announced its Q4 results today, and it has defied the recession to some extent. Its revenues increased 8 percent in Q408 to $27.0 million, compared to $24.9 million in the year-ago quarter; meanwhile its net income was $3.1 million, or $0.07 per diluted common share compared to net income of $2.8 million, or $0.06 per diluted common share in the prior year period. IB has a network of more than 200 websites in the automotive, careers, home, shopping and travel and leisure categories.

Meanwhile, on the M&A side, from a high of buying 12 sites in Q308, it has now come down to four in Q408: it paid a total of $2.8 million for the four sites: two acquisitions in careers vertical include CVTips.com and GrooveJob.com, a shopping website Steves-Digicams.com and one automotive website SellMyCar.com. For the full year 2008, the company completed 29 online acquisitions for a total of about $62.6 million.

From Jan. 1 through Feb. 24, 2009, the company has completed two small acquisitions, it said. As is to be expected, it will slow the pace of buying in 2009, it said. Release | Conference call transcript

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Feb 25, 2009 2:28 AM ET
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Posted In: E-Commerce, Money, M&A & Venture Capital, Mergers & Acquisitions, internet brands

  • Great article. I always find it worth it especailly when you get to buy a good website at a good time.

  • I am not sure how I got signed up here, but I will leve it to see what kind of response I get.

    Here you are stalking me again, Tim.  Can I go anywhere to give my side without you showing up.  You stated once you receive nothing from Internet Brands.  So why are you so worried what I post about them herre and there?

    You’re right, Tim, there is so much more than meets the eye, otherwise you wpouldn’t find every word I post and add your incoherent comments.

    Also, your buddy Ken responded to me the other day.  That man is a filthy pig and is the root of this problem between you, me and Internet Brands / Ford Truck Enthusiasts.

    Internet Brands buying habits may be to add to their fold, but with people like Tim managing the sites, they are bound to drive away users by the droves.  Users are considered by them to be expendable. 

    End the stalking, reinstate the username of my preference, and issue a formal apology and this will all go away.  Got that Tim?  Snookie?

    It has been well over a year…I would think that by now you would have learned that I am dedicated to seeing this lesson for you through to the end…the end I wish to have for it.

    Remember when I told you I would determine how you deal with me, Tim?  That’s what burned you up in the first place, wasn’t it?

    Treat me right…I AM your customer…I was buying from your advertisers…and will again when you do as I respectfully request.

    Muddy

  • Tim

    Trust me Mike there is way more to this story.

  • You should be more careful when you buy a website.

  • There is always some risk involved when you buy a website…

  • MuddyAxles

    Well, Bob, why would I take Internet Brands' side in this disagreement I have with them?  That would be stupid, Bob.

    You must think I'm completely stupid.  You remind me of management at Internet Brands.

    Don't be a dumba$$, Bob.  Of course my piece was one-sided…I'm not writing a textbook ere.

    Chees…some people.

  • bob

    Seems Muddy axles has only one side too a story, his.

  • Sometimes it is a good thing to buy great website , but sometimes it's not, you must pick up in right time and right place interesting websites and it will be good solution for your buying in future.

  • Muddy Axles

    Wonderful, more web sites being taken over by this brute of a company.

    Why would I say such a thing?  Well, here's how it is folks…these guys run thir sites like a bunch of thugs.  I actually had one of their "administrators" scold mefor posting my comments in an available typestyle and color that "he didnt like".  When I wouldn't quietly lay down for that screwing they fiddled with my account and finally banned me permanently when I protested.

    Now, mind you, I am no casual user.  I found the information posted on their trucks site nearly invaluable.  I appreciated it being here immensely! 

    I bought merchanise from a few of their advertising supporters.  I promoted those companies, both on-line and in person like I owned stock in them.  I waved the flag for the truck site a well and helped organize a face-to-face get together for the real people who form the site's community.

    I would have become a cash-paying member had they been able to carry on business as any other on-line retailer, but they have this love affair with that PayFriend outfit (yeah, I know that's not their name!) which I don't choose to use.

    So IB extends its reach some more…they'e real good at buying up the competition…but can they run all these sites and keep he revenue streaming in?  If the corporate attitude I have encountered at the truck site is company-wide, I predict they will collase in a heap one day.  But, hey, who am I? 

    Just some schmuck who doesn't appreciate being screwed over by these corporate thugs.

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