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Business | 2007 | Jul | 17


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- Direct Traffic: Over 85% of Lexico's traffic is direct from end users or people searching specifically for the term "dictionary" in search engines
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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From a competitive standpoint, the acquisition combines two of the top players in the reference market
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Post-transaction, we estimate that over 70% of our total traffic will now be direct from end users or people searching specifically for the term 'dictionary' in search engines
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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- Monetization: Lexico's Web properties currently monetize at approximately one-third the rate of Answers.com, presenting material revenue upside
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Founded in 1999 by CEO Bob Rosenschein, Answers.com can be launched directly from within Internet Explorer 7, Firefox and Opera browsers, and its service is integrated into sites like Amazon.com's A9.com, The New York Public Libraries' homeworkNYC.org, The New York Times, CBSNews.com and others
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Connectbeam launched in June 2006 and is led by Puneet Gupta and Prem Malhotra in Newark, California
Jul 17 '07 -Business- www.techcrunch.com -connectbeam,social,ventures
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Social networking for the enterprise startup Connectbeam has closed a $3.5million Series A round lead by Gabriel Ventures and Startup Capital Ventures
Jul 17 '07 -Business- www.techcrunch.com -connectbeam,social,ventures
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The resulting shift in traffic mix should significantly reduce Answers.com's current reliance on search engine algorithms
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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More than anything, we're acquiring a solid user base that we believe will provide steady direct traffic and attractive growth"
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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The transaction is subject to financing and customary closing conditions and is scheduled to be completed by fall of this year
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Investors are invited to listen to the conference call and the replay over the Internet through Answers' Website, within its Investor Relations page at http://ir.answers.com
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Key benefits of the acquisition include: - Page Views: Lexico's Web properties currently generate approximately three times the total page views of Answers.com
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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For investment information, visit ir.answers.com
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"We will also offer cross-promotion to other Answers sites
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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In 2006, it generated revenues of $7 million, EBITDA of $2.9 million and net income of $2.8 million
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"Together with Answers, we will reach more people worldwide and have the resources to innovate and expand our offerings for both end users and advertisers alike"
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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The combined properties would rank #2, behind only Wikipedia
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"According to a Hitwise analysis of 2006 search terms, 'dictionary' was the second most popular 'generic' search term on the Internet
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"We are excited about applying our experience in monetization to significantly increase Lexico's 2008 revenues and EBITDA.Lexico's suite of popular brands, steady direct traffic and loyal users are valuable assets that we believe will reduce our products' reliance on search engine-driven traffic
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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According to Hitwise, a leading competitive research firm, in June 2007 the Lexico sites ranked #3 in "Education-Reference" and the Answers sites ranked #4, out of nearly 4,000 sites included in the category
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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For example, this acquisition will allow us to introduce our WikiAnswers property to Lexico's 11.5 million monthly unique users"
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"Dictionary.com's success is built on its unique, descriptive domain name and simple, straightforward interface," explained Bruce D.Smith, Chief Strategic Officer
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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For those unable to listen to the live broadcast, a replay will be available on the site shortly after the call
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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"The bottom line is, with three times the traffic and one-third the monetization rate, together with our monetization expertise, the upside potential is compelling," added Steve Steinberg, Chief Financial Officer
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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EBITDA should be considered in conjunction with, not as a substitute for, other measures of financial performance reported in accordance with accounting principles generally accepted in the United States This release includes a reference to a non-GAAP financial measure called "EBITDA Excluding Stock-Based Compensation", which is EBITDA, as defined above, excluding stock-based compensation
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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- Market Leadership: Based on the June 2007 comScore data, the addition of Lexico's Web properties will increase Answers reach to over 22.5 million monthly unique users, which would rank #28 in the top United States properties
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Content includes over 180 licensed titles from leading publishers such as Houghton Mifflin Company, Barron's, Encyclopedia Britannica, All Media Guide and others; original articles written by Answers.com's editorial team; community-contributed articles from Wikipedia; and user-generated questions & answers from Answers.com's industry-leading WikiAnswers(TM) (wiki.answers.com)
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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Murdoch's newspapers march in lockstep
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Rediff.com India, an online provider of news, information, communication, entertainment and shopping services, reported a net income of $2 million for the fourth quarter or $6.89 per ADS, compared with $0.53 million or $1.96 per ADS in the same quarter of the previous year
Jul 17 '07 -Business- www.hindustantimes.com -india,rediff,million
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Murdoch doesn't practice journalism; he moulds diverse media into a single voice
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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NO ONE who enjoys even a passing acquaintance with modern media would accept Rupert Murdoch's promise to preserve the editorial independence of a newspaper
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Those dangers will grow if the Journal joins Rupert Murdoch's chorus
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Murdoch's never been "the ultimate outsider" imagined by Time magazine's recent cover story
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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And no matter what the editorials say, the wall of separation between the Journal's opinion pages and its news sections is the thickest in the business
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Ottaway's concerns are seconded by Financial Times columnist Martin Wolf, who questions whether Murdoch's 50 years of media moguling have "created even one serious, authoritative and truly independent newspaper"
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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The remarkable thing about the Journal is that in an era when large papers are casually pegged as liberal or conservative, this newspaper with a rabidly right-wing editorial page maintains a global news gathering operation so free of ideological bonds that it wins high marks from just about everyone except Murdoch, who makes little secret of his view that the Journal is too thoughtful and, yes, too independent
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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For the newspaper itself he has different plans plans that have less to do with making money than with setting agendas
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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In a cheeky editorial on the possible sale, the authors fully aware of the fact that Murdoch pulled the BBC from his Asian satellite system when its reporting ran afoul of the Chinese government noted that "we're proud to continue fighting for freedom and human rights today in China"
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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The Barrons report quoted Ashish Thadani, an analyst at Gilford Securities, as saying that Rediff could fetch more than $ 25 a share in a sale and could see other suitors besides Yahoo and Google Other suitors could possibly include AOL (America On Line), a division of Time Warner, which has a strong presence in offshore services from India, but is not a significant player in the market
Jul 17 '07 -Business- www.hindustantimes.com -india,rediff,million
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But there is more to Murdoch's method than a cynically manipulative media mogul playing footsy with malleable politicians: He is a true believer in the extremist ideologies of the moment
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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"My worry about the New York Times is that it's got the only position as a national elitist general interest paper," Murdoch said
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Lexico's Web properties clearly are well-known brands that we hope will remain the standard for people looking up definitions online
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico
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From the early 1950s, when he inherited part of his father's Australian media empire, he has made a fortune his News Corporation is valued at $US68 billion ($A78million) by working with power rather than speaking truth to it
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Yet the Bancroft family, for a century the hands-off managers of the global economy's newspaper of record, proposes to accept just such a pledge and $US5billion ($A5.7million) for the Wall Street Journal and the Dow Jones empire it sits atop
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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"I compare what he would do there to what he did to CNN when he started the Fox News Channel," explains Chandler
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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It's one of the major daily newspapers that are not routinely referred to as "once great"
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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Jim Ottaway Junior, an old-school publisher and the largest voting shareholder on the Dow Jones board outside the Bancroft family, is right to dismiss such talk as a "fig leaf" to justify a sale that "would not be a good thing for Dow Jones, for the Wall Street Journal, for American journalism or for the integrity of business and financial news in America, upon which our free markets rely"
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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And Murdoch, who regards Fox's bent news as "playing it straight," proposes to remake the Journal as a globe-spanning business newspaper with affiliated digital and broadcast platforms that will soothe conservatives' delicate sensibilities
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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He wants Dow Jones because he needs it in order to dominate business news online and on television
Jul 17 '07 -Business- yourguide.com.au -news,murdoch,journal
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About Answers Corporation Answers Corporation (NASDAQ: ANSW - News) operates the award-winning Answers.comTM information portal, delivering comprehensive content on over four million topics spanning health, finance, entertainment, business and more
Jul 17 '07 -Business- ir.answers.com -traffic,answers,lexico

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