Joseph Tartakoff
Feb 23, 2011 6:30 PM
United Online (NSDQ: UNTD) is essentially retiring one of the most omnipresent brands on the internet. As part of a plan announced earlier this year to remake its Classmates.com social network as a “nostalgia content” site, it is now redirecting visitors to Classmates.com to a new site it has launched…
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Advertising, E-Commerce, Social Media, classmates.com, united online
Joseph Tartakoff
Aug 5, 2010 5:30 PM
United Online (NSDQ: UNTD), which is trying to turn around its struggling Classmates.com social network, is planning a major revamp of the site, in order to establish it as a resource for “nostalgic content.” During the company’s earnings call Wednesday, CEO Mark Goldston said that while users will still be…
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Social Media, Community, classmates.com, united online
Joseph Tartakoff
Mar 13, 2010 6:27 PM
The lawyers at United Online-owned Classmates.com are busy; the social networking site is paying up to $9.5 million, along with $1.3 million in legal fees, to settle a class action lawsuit charging that it violated members’ privacy rights. TechFlash—which first reported the settlement—says the site sent free subscribers promotional e-mails…
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Legal, Social Media, Community, classmates.com, united online
Joseph Weisenthal
Aug 26, 2008 5:41 PM
One of the more unexpected M&A deals closed today, as United Online (NSDQ: UNTD) completed the acquisition of floral company FTD for $754 million in cash and stock. The deal, which gives FTD shareholders 15 percent of the combined company, was originally valued around $800 million. The company says the…
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Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, ftd, united online
Joseph Weisenthal
Aug 12, 2008 9:49 PM
—Jupitermedia: In its 10-Q, the stock photo and online media company, says its MediaBistro unit did revenue of $2.3 million in the latest quarter, and $4.4 million in the first half. Based on the $5 million in revenue the company did in the second half of last year, the unit…
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Media & Publishing, Newspapers, Money, IPO, Social Media, Companies, Scripps, Scripps Networks Interactive, classmates.com, jupitermedia, lee enterprises, united online
Joseph Weisenthal
Aug 5, 2008 3:41 PM
Classmates, the subscription-based social net that United Online (NSDQ: UNTD) failed to take public continues to add subscribers… Paying accounts at the unit were up 41 percent from last year. Company-wide revenue still fell by 7 percent to $122.3 million, dragged down by the ISP business, which saw a 22…
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Money, Earnings, Social Media, classmates.com, united online
Joseph Weisenthal
May 6, 2008 3:22 PM
United Online (NSDQ: UNTD), the owner of a dial-up business, Classmates.com and eventually flower company FTD, announced Q1 revenue of $121.8 million, a 6 percent slide from $129.9 million in the year-ago quarter. Net income was basically flat at $13 million ($.19 per share), although on an adjusted basis ex-stock…
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Money, Earnings, Social Media, united online
Joseph Weisenthal
Apr 30, 2008 7:13 AM
A dialup-access business, a social network… why not add a flower business? United Online (NSDQ: UNTD), the ISP and parent of Classmates.com has announced the acquisition of FTD, the floral products company, for $800 million. FTD shareholders will receive a combination of cash, stock, and United Online debt worth $15.08…
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Money, M&A & Venture Capital, Mergers & Acquisitions, ftd, united online
Joseph Weisenthal
Feb 20, 2008 4:45 PM
In December, United Online (NSDQ: UNTD) announced the withdrawal of its plan to hive off its Classmates unit via IPO. Around the time of the planned offering, there was a lot of talk about the competitive pressures facing the company, but UNTD is sticking to its explanation that the withdrawal…
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Money, IPO, Social Media, classmates.com, united online
Joseph Weisenthal
Feb 7, 2008 11:10 PM
United Online (NSDQ: UNTD), parent of failed IPO candidate Classmates.com, reported Q4 revenue of $125.4 million, down 4 percent year-on-year from $130.8 million. Net income jumped significantly, to $14.5 million from $4.5 million, although the prior year’s quarter included a big one-time charge. Not surprisingly, the online access side of…
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Money, Earnings, Social Media, classmates.com, united online
Joseph Weisenthal
Dec 12, 2007 7:54 AM
So much for the first pure-play social networking IPO in U.S.: United Online (NSDQ: UNTD) has canceled the proposed IPO of its Classmates.com social networking unit. The company originally announced its plan to hive off the company in August, and in late November it said it expected to raise $177.7…
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Money, IPO, Social Media, classmates.com, united online
Joseph Weisenthal
Nov 26, 2007 9:41 AM
Classmates Media, the social networking division of United Online, (NSDQ: UNTD) said in an updated S-1 filing that it wants to sell 12 million shares for $10-$12 through its upcoming IPO. At the high end, this would bring the company $144 million pre-expenses, though the company anticipates net receipts of…
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Money, IPO, Social Media, classmates.com, united online
Joseph Weisenthal
Oct 25, 2007 3:11 PM
United Online (NSDQ: UNTD), the parent company of Classmates.com, as well as ISPs Juno and NetZero, saw Q3 revenues fall 2 percent to $126.8 million from $129.6 million. Net income for the quarter was up a slight 4 percent to $14 million from $13.4 million. The modest year-over-year moves mask…
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Money, Earnings, Social Media, united online
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