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Congratulations to fellow publisher Cory Bergman and his team at Lost Remote as news was released that Internet media company WebMediaBrands Inc. has acquired social TV blog Lost Remote.com. Financial terms of the deal were not disclosed.
“Lost Remote is yet another gem we are adding to the WebMediaBrands family of high quality social media blogs,” stated Alan M. Meckler, Chairman & CEO of WebMediaBrands. “Combining Lost Remote with our other social media properties, as well as TVNewser and TVSpy, certainly solidifies our position as the leading blog network covering all aspects of television and cable news and analysis. We will continue working with Cory Bergman to produce social TV news and will soon announce dates for our first trade show in the social TV space to be called Lost Remote’s Inside Social TV.”
"This is an exciting new chapter for Lost Remote," Bergman said. "Few people had heard of social TV two years ago, but today it's driving more innovation in television than we've seen in the last decade. WebMediaBrands will leverage its network, resources, and expertise to help take Lost Remote to the next level at an incredible time in the business."
I hope recent news of the subsequent stock split worked out in his favour.