Free press releases distribution network?

Agency / Source: Hearst Communications, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Hearst Ventures Makes Equity Investment in Science, Inc. - Hearst Ventures, a unit of Hearst Corporation, and Science Inc. today announced a minority equity investment by Hearst in Science Inc., a technology operating company specializing in the creation and rapid scaling of digital businesses - Science-Inc.com
Hearst Ventures Makes Equity Investment in Science, Inc.

 

PRZOOM - /newswire/ - New York, NY, United States, 2013/02/15 - Hearst Ventures, a unit of Hearst Corporation, and Science Inc. today announced a minority equity investment by Hearst in Science Inc., a technology operating company specializing in the creation and rapid scaling of digital businesses - Science-Inc.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The joint announcement was made by Frank A. Bennack, Jr., CEO of Hearst Corporation; Scott Sassa, president, Hearst Entertainment & Syndication, the group that operates Hearst Ventures; and Michael Jones, CEO of Science. Financial terms of the investment were not disclosed.

Science creates, scales and acquires successful digital businesses by bringing together the best ideas, talent, resources and financing through a centralized platform. Science, which has already started 13 companies, focuses on developing new businesses, providing emerging startups with operational strategy and capital, and transforming later-stage Internet ventures with new talent and innovations. As part of the investment, George Kliavkoff, executive vice president and deputy group head of Hearst Entertainment & Syndication, will join the Science Board of Directors.

“Hearst is continually looking for smart investments that bring value and intelligence to the company our investment in Science does both,” Bennack said. “We’re excited to partner with Science to continue its trajectory of success, gain meaningful industry knowledge and utilize Science’s platforms for current and future Hearst investments.”

“Science has a broad suite of capabilities that allows it to quickly evaluate and accelerate ideas,” Sassa said. “We plan on using Hearst assets to help Science portfolio companies and Science portfolio companies to help Hearst assets. Mike Jones and Science’s co-founding team are excellent tech entrepreneurs who will bring important value and learnings to Hearst.”

Science was founded by seasoned startup professionals in November 2011 with Series A funding from several marquee venture investors, including Eric Schmidt’s Tomorrow Ventures, Rustic Canyon Partners, and White Star Capital. Science’s Jones is a long-time digital entrepreneur and executive who most recently served as the CEO of Myspace and successfully sold that business for News Corp. Prior to Myspace, he had started and sold Userplane to AOL in 2006.

“Science’s approach to business creation is to generate ideas internally, identify the most compelling entrepreneurs and disruptive startups, build and acquire the necessary products and team to support the winning ideas, and rapidly scale,” Jones said. “This partnership with Hearst provides us working capital to incubate additional businesses and strategically positions us to deliver unparalleled services for today’s most promising entrepreneurs. Hearst has a long history of innovating in media and technology, and the companies we work with can benefit from Hearst’s diverse set of global businesses and vice versa.”

About Science
Based in Santa Monica, Calif., Science, Inc. (science-inc.com) is a technology studio that creates and acquires then scales successful digital businesses by bringing together the best ideas, talent, resources and financing through a centralized platform. Science focuses on three things: developing new businesses, providing emerging startups with operational strategy and capital, and transforming later-stage Internet ventures with new talent and innovation. The company has more than 13 investments with companies like DollarShaveClub, DogVacay, Ellie, Uncovet and others.

About Entertainment & Syndication
Hearst Entertainment and Syndication, an operating group of Hearst Corporation, includes the Company's cable network partnerships, television programming activities, newspaper syndication and merchandise licensing operations, and ventures investments.

About Hearst Corporation

Hearst Corporation (hearst.com) is one of the nation’s largest diversified media and information companies. Its major interests include ownership of 15 daily and 36 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; hundreds of magazines around the world, including Good Housekeeping, Cosmopolitan, ELLE and O, The Oprah Magazine; 29 television stations, which reach a combined 18 percent of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, HISTORY and ESPN; significant holdings in the automotive, electronic and medical/pharmaceutical industries; a 50 percent stake in the global ratings agency Fitch Group; Internet and marketing services businesses; television production; newspaper features distribution; and real estate.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Hearst Communications, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Books/Publishing/Newspapers articles,
CATCH Visitors via Your Competitors Announcements!


Hearst Ventures Makes Equity Investment in Science, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Hearst Communications Inc | Science, Inc.
Contact: Press Office - Hearst.com 
212-649-2577 press[.]hearst.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hearst Communications, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Books/Publishing/Newspapers via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Hearst Communications, Inc. / Company Profile


Read Books/Publishing/Newspapers Most Recent Related Press Releases:

Hearst Agrees to Acquire CAMP Systems International, Inc. - A Leading Aviation Software-as-a-Service Company
Wiley Celebrates the 2016 Nobel Prize Laureates
American Institute of Ultrasound in Medicine Selects Wiley to Publish the Journal of Ultrasound in Medicine
S&P Global Platts to Launch Fujairah Oil Products Price Assessments
Ranku Acquired by Wiley
S&P Global Platts Launches Formal Consultation on Shift to Asia ULSD Benchmarks
Wiley Signs Definitive Agreement to Acquire Atypon
American Geophysical Union Partners with Wiley to Take on New Geohealth Initiative
Wiley to Publish Molecular Oncology Bringing together All Four Journals from the Federation of European Biochemical Societies At FEBS Press
S&P Global Platts Acquires PIRA Energy Group

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today