wordpress blog stats
Connect with us

Hi, what are you looking for?

Cybermedia Sells BioSpectrum; Shuts Dare, Living Digital, Tech Review India?

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…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ