|4 years ago :: Jun 26, 2010 - 3:27AM #1|
Beliefnet has been sold. There have been layoffs for hired staff. Further changes are unknown at this time. At this time, there are no changes for us volunteer moderators.
The news is on the Web at news.yahoo.com/s/ap/20100625/ap_on_hi_te...
NORFOLK, Va. – News Corp. has sold Beliefnet, a spirituality website, to an investment group.
Terms of the acquisition, which was announced Friday, weren't disclosed.
The buyer, BN Media, is an investment firm behind two organizations — Affinity4 and Cross Bridge — focused on nonprofits and charities.
The companies said the acquisition will build on existing relationships. Affinity4 sells telephone, Internet and other services and donates part of the proceeds to charities and ministries. Cross Bridge provides spirituality-based video and other kinds of programming.
The deal will help Beliefnet "continue its mission to be the leading provider of inspiration and faith-based online content," Beth-Ann Eason, Beliefnet's general manager, said in a statement.
Also check out: www.google.com/search?hl=&q=BN+Media&sou...
I do not have any more specific information, but I will post any I get in this thread.
"Even if you are on the right track, you'll get run over if you just sit there." Will Rogers
"Give to those who ask, and don't turn away from those who want to borrow." Matthew 5:42
"Charity is no substitute for justice withheld." St. Augustine
"Your love for God is only as great as the love you have for the person you love least." Dorothy Day
"If you want peace, work for justice." Pope Paul VI