Cyber Media India has sold BioSpectrum, its B2B media brand focused on the life sciences industry in the Asia-Pacific region, to MM Activ, a trade show company which organized events like Bangalore India Bio, AgroVision, Nutra India summit, Indian Science Congress Expo, among others. The terms of the deal have not been disclosed, but MM Activ has acquired the publishing rights, title and the brand and business of BioSpectrum. BioSpectrum is a magazine which covers Bio Pharma, Bio Agriculture, Bio Informatics, Bio Industrial, Bio Suppliers and Bio Services, and includes two websites - BioSpectrum India and BioSpectrum Asia. The announcement quotes Pradeep Gupta, CMD of CyberMedia as saying that the deal is a part of realignment at CyberMedia to focus on its core areas. CyberMedia's media business has been struggling: it reported a loss before tax of Rs 9.46 lakh for the quarter ended 30th June 2013 (Q1-FY14), from Rs 18.40 lakh profit in the same quarter last year. The total media revenues declined to Rs 7.34 crore for the quarter, down 36% from Rs 11.5 crore in Q1-FY13. The previous sequential quarter (Q4-FY13, ending 31st March 2013) had also been a loss making quarter for CyberMedia's media business - a loss before tax of Rs 2.1 crore for the quarter, down from Rs 1.05 crore profit in the same quarter the previous year. The total revenues declined to Rs 7.53 crore for the quarter, down 33.54% from Rs 11.33 crore in Q4-FY12. On a yearly basis, the media business saw a decline in…
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