We missed this earlier: Media company HT Media is planning more digital acquisitions to strengthen its existing digital offerings. Responding to an analyst question on whether HT Media has any plans to acquire startups in the digital segment, during the company's Q1-FY15 earnings conference call, HT Media's chief financial strategist Vinay Mittal mentioned that they would be looking for inorganic growth to strengthen their existing digital investments like Shine (recruitment business), HT Campus (education marketplace and lead generation engine for private college admissions) and HT Mobile solutions (mobile and social advertising). Mittal mentions that HT Media is open to acquiring companies to foray into a new segment, but at present, they are focused on making their existing digital investments break-even. HT Media's digital acquisitions Note that HT Media has made two digital acquisitions in the past couple of years: - It acquired 40% stake in the social recruitment platform MyParichay in December 2012. Following this, Shine.com introduced Facebook integration on its site, effectively allowing users to leverage their network on Facebook for either applying for a job, being referred to a job, referring a friend for a job or powering recruitment pages for companies on Facebook. MyParichay also introduced social retargeting service earlier in March this year. - HT Mobile Solutions acquired the digital marketing firm Webitude for an undisclosed amount in July last year. Webitude provides services such as Social Media marketing, social media asset builder, social CRM, and digital media services among others. Digital accounts for only 3.1% of HT Media's revenues in FY14 Mittal mentions that digital has performed well, registering…
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