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Prof-Media, which owns leading Russian online portal company Rambler Media and entertainment content magazine publisher Afisha, will merge the two companies. The merged company under Rambler shall have annual revenues of over $150 million and challenge the Russian Internet market leaders Yandex, Mail.ru/DST and Google in Russia. I think that combining Afisha and Rambler would improve operational efficiency and provide Afisha with traffic from Rambler properties.
Olga Turischeva, who became Rambler CEO in April 2009, is going to leave Rambler Media by the year-end. The Rambler-owner Prof Media has appointed Nikolay Molibog as new CEO of Rambler. Previously, Nikolay Molibog was CEO of Afisha publishing house, which is owned by Prof Media.
Rambler‘s search market share in Russia decreased from 4.9% in March 2009 to 2.6% in June 2010, according to LiveInternet.ru. Rambler‘s advertising revenues declined over the past year. The expenses declined even faster, which improved operational profitability but that may be not enough for Olga Turischeva to stay in. She could re-join Vimpelcom (Beeline) where she worked prior to Rambler.
Continue reading “Rambler to Merge with Afisha – New CEO Nikolay Molibog from Afisha” »
It’s amazing how much awesome technology is available for little kids today. When I was a little kid, I had a Fisher-Price cash register and thought that was awesome. That was until Transformers came around – even today any kid would take Optimus or Starscream over an iPad. Startup advisor Louis Gray and others have posted videos of their young kids interacting with his iPhone and even at their young age, the kids seem to know which buttons to press for the desired action!
Russia-based semantic search engine Quintura has released a version of their Kids search engine for the iPad and iPhone. I’ve included a sample screenshot from the app below. The search app uses Quintura’s cloud technology to refine the results for a search query. From the overview, “The cloud features most popular concepts that we pick up from the texts from most relevant web pages. This helps you define the best direction for further searching and refine your query.”
Quintura uses a manual selection process for the search results to make sure the available sites are kid-friendly.
The Quintura Kids for iPhone/iPad app is available for an intro price of $1.99.
Yakov is reporting that Digital Sky Technologies has obtained an additional 15% stake in Mail.ru from Tiger Global Management for $180-200 million. This moves Digital Sky Technologies’ into the majority stakeholder position with 50.6%. Yakov also notes, "It’s also reported that DST could be selling a controlling stake in itself to Alisher Usmanov, founder of Metalloinvest and owner of Kommersant publishing house. Kommersant recently merged its online newspaper Gazeta.ru into LiveJournal’s owner SUP."
Mail.ru has 6.2 million daily visitors and 14.7 million monthly visitors and one of the stakeholders reported income of $56 million for year 2007. DST’s assets range somewhere between $1.1 billion and $3 billion.
Mail.ru was voted one of the top Web sites in Russia earlier this year.
Sematic search engine Quintura has announced a new distribution partnership in which they will power the search for Maxim Digital’s Web properties which include Maxim.com and Blender.com. Yakov Sadchikov, President & CEO of Quintura said, “Our strategic partnership with the online leader in men’s lifestyle, Maxim Digital, demonstrates Quintura’s ability to provide interactive site search solutions to consumer web publishers with millions of monthly users."
The search functionality is now live on Maxim’s site. Google Trends shows about 30k users a day to Maxim and about 15k to Blender.