Top Story


Home >> Media - Others >> Article

UK’s Guardian News & Media acquires ContentNext Media for $30 million

Font Size   16
UK’s Guardian News & Media acquires ContentNext Media for $30 million

Guardian News & Media (GNM), the new media division of UK-headquartered Guardian Media Group (GMG), has acquired US-based ContentNext Media, which owns sites like (US), (the UK and Europe), (mobile content news blog)) and (India). These sites carry digital media content news and blogs in several countries. The deal is believed to have taken place for $30 million.

Commenting on the acquisition, Rafat Ali, Founder and Editor, ContentNext Media, said, “This starts the 2.0 phase of our company ContentNext Media. Guardian Media approached us at a time when we were not talking to any company about selling ContentNext Media. Instead, we were looking for a second round of venture funding. This is a perfect deal as we will remain a stand-alone business under GNM. This also marks a major expansion of Guardian’s US presence.”

ContentNext had received an undisclosed amount of venture funding from Greycroft Partners, the digital media focused venture fund of Alan Patricoff, the founder of private equity fund Apax Partners in 2006. Long-time digital media executive Larry Kramer is on its board, and ContentNext recently hired media executive Nathan Richardson as its CEO.

Tim Brooks, Managing Director of Guardian News and Media, said, “We are genuinely excited at the prospect of being able to help Rafat, Nathan and the team take ContentNext to the next level.”

Carolyn McCall, CEO, Guardian Media Group, said, “I have admired PaidContent for years. I’m very happy to welcome the company into the expanding Guardian Media Group.”

ContentNext, based in Santa Monica, California and New York City, is an online media hub delivering professional news, information and analysis to executives in the media, entertainment and technology sectors. The company also runs a complementary events business as well as publishes reports.


Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)