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Tag: Fox.com

  • Fox Interactive Media acquires Newroo Inc. and kSolo.com

    Fox Interactive Media acquires Newroo Inc. and kSolo.com

    MUMBAI: Fox Interactive Media (FIM) has completed two acquisitions of early stage companies, Newroo Inc. and kSolo.com. Newroo has developed an intelligent tool that scans the web and finds the most relevant information for users from thousands of websites, enabling them to easily create their own web sites by aggregating and remixing content from third-party websites and blogs.

    kSolo.com is a user-generated music service that enables its community to easily create, share and rate their own recorded music and connect around shared tastes in music genre and style.

    “Fox Interactive Media’s acquisitions of Newroo and kSolo demonstrate our commitment to empowering users with interesting tools that they can use to further enhance their online experience and online identity,” says Fox Interactive Media president Ross Levinsohn. “The acquisitions further validate FIM’s ability to unearth early stage, technically savvy web 2.0 companies led by entrepreneurial, forward-thinking management teams.”

    “We are excited to bring both our technology and music community to the Fox Interactive Media family of web companies. We look forward to working with them to build the next generation of online music experiences for consumers,” said Nimrod Lev, founder and CEO of kSolo.com.

    “We were attracted to Fox Interactive Media because they quickly grasped our vision to provide web users with a powerful tool set to create decentralized vertical content websites around people’s passions and interests,” added Dan Gould and Brian Norgard, co-founders of Newroo.

    Financial terms of the deals were not disclosed. Both technologies will be deployed across relevant sites in the growing FIM Network, said a company statement.

    FIM is building an integrated network of sites that offer its more than 70 million worldwide users socially rich media experiences centered on entertainment, news, information and self-expression. The company’s network includes internet assets from News Corp. divisions, including Foxsports.com, Americanidol.com and Fox.com. Other online portals FIM also owns and operates include social networking portal MySpace.com, gaming and entertainment site IGN.com, collegiate and pro sports network Scout.com and men’s lifestyle portal AskMen.com.

  • Fox Interactive Media makes key management appointments

    Fox Interactive Media makes key management appointments

    MUMBAI: Internet pioneers Mark Jung and Jim Heckman will take on key leadership roles for Fox Interactive Media (FIM). This announcment was made by FIM president Ross Levinsohn.

    IGN CEO Jung will become COO for FIM, while Scout.com founder and CEO Heckman will become chief strategy officer.

    IGN, the primary online destination for young male gaming and entertainment enthusiasts and Scout.com, a leading online sports network, were purchased last year by News Corporation and today operate under the Fox Interactive Media banner.

    Jung and Heckman will relinquish their operational roles at IGN and Scout respectively and will turn their attentions to building Fox Interactive Media.

    “Mark and Jim are true visionaries in the Internet space, each having built and run extremely successful companies from the ground up. They are both savvy managers and possess the kind of entrepreneurial spirit that has always been the heart of our company,” said Levinsohn.

    “Fox has amassed some of the most exciting sites on the web. I am looking forward to working closely with Ross, Jim and the rest of the team on integration and creating a truly unique Internet offering,” said Jung.

    “When you consider the power of Foxs worldwide brand coupled with its already massive on-line reach, the possibilities for strategic growth are boundless. Its a very exciting time for FIM, and Im thrilled with the opportunity to play a role in its development,” said Heckman.

    Jung will oversee the day to day operations for the burgeoning online network of sites, including sales, technology and product and content development. The network now has 70 million monthly users and 24 billion page views. Monetizing those sites will be at the forefront of his focus, along with integrating existing and future online properties.

    Heckman, who founded and built three separate online networks over the last 10 years, will focus on overall strategic planning, growth opportunities and corporate development.

    Fox Interactive Media manages the internet assets from all News Corp. divisions, including the highly trafficked foxsports.com; Americanidol.com and fox.com. With the 2005 acquisitions of Intermix Media, parent company of MySpace.com; Scout Media and IGN Entertainment, News Corporation has quickly ascended to the top echelon of internet properties.