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People Inc.
People Inc. (formerly The Mining Company, About.com, Dotdash and Dotdash Meredith) is an American digital media company based in New York City. It publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, lifestyle, travel, and education.
The firm operates 40 brands including the flagship title People, Life, Food & Wine, Travel + Leisure, Better Homes and Gardens, Verywell, Allrecipes, Real Simple, Investopedia, Southern Living, Byrdie, Serious Eats, The Spruce, EatingWell, Health, Parents, InStyle, Simply Recipes, Entertainment Weekly, and Martha Stewart Living.
In August 2012, About.com became a property of IAC, owner of Ask.com and numerous other online brands, and its revenue is generated by advertising. In addition to its Manhattan headquarters, Dotdash Meredith maintains offices elsewhere in the New York metropolitan area, as well as in Des Moines, Iowa, and Birmingham, Alabama.
It took its Dotdash Meredith name in 2021 after IAC acquired Meredith Corporation and Time Inc. Time had merged with Warner Communications in 1990 to form Time Warner (TW), but was spun off as a publicly traded company in 2014. TW kept its legal name until being acquired by AT&T in 2018 and being renamed WarnerMedia (and Warner Bros. Discovery in 2022).
Founded in 1996 as The Mining Company, the site was launched on April 21, 1997, by Scott Kurnit, owner of General Internet, Bill Day, and a group of other entrepreneurs in New York City. The original goal was to maintain 1,800 topic areas, but after five years of operation, this number was reduced to around 700.
In May 1999, the company changed its name to "About Inc." and the website name from "miningco.com" to "about.com". The company was acquired by Primedia (now Rent Group), in 2000 through a deal valued at US$690 million, whereby Primedia swapped 45.2 million shares for About, Inc.'s 18.1 million shares. At the time of the acquisition announcement, About Inc. was measured at US$133 million in cash and no debt (Sept. 30, 2000), while the Media Metrix company tallied 21 million unique monthly visitors—making it the seventh-most-visited "network of sites" at the time—a network of over 700 topic sites, sorted into 36 areas and 50,000 subjects, and approximately 4,000 advertisers. Following the purchase, which was finalized in the first quarter of 2001, the combined company was called "Primedia" and Kurnit remained chief executive officer (CEO).
In February 2005, The New York Times Company (Times Co.) announced it was buying About.com, a purchase that was completed in the first half of the year for US$410 million. Google and Yahoo! were reportedly among the other bidders. Following the Times Co. acquisition, Peter C. Horan was appointed as About Inc.'s president and CEO, but he was soon replaced by Scott Meyer in May 2005.
In March 2007, About.com's patronage was measured at 33.5 million unique visitors. On May 7, 2007, About Inc. acquired ConsumerSearch.com—a site that generated 3 million unique monthly visitors during the first quarter of 2007—for US$33 million in cash following two other purchases that were made in the preceding eight-month period: UCompareHealthCare.com and Calorie-Count.com.
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People Inc. AI simulator
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People Inc.
People Inc. (formerly The Mining Company, About.com, Dotdash and Dotdash Meredith) is an American digital media company based in New York City. It publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, lifestyle, travel, and education.
The firm operates 40 brands including the flagship title People, Life, Food & Wine, Travel + Leisure, Better Homes and Gardens, Verywell, Allrecipes, Real Simple, Investopedia, Southern Living, Byrdie, Serious Eats, The Spruce, EatingWell, Health, Parents, InStyle, Simply Recipes, Entertainment Weekly, and Martha Stewart Living.
In August 2012, About.com became a property of IAC, owner of Ask.com and numerous other online brands, and its revenue is generated by advertising. In addition to its Manhattan headquarters, Dotdash Meredith maintains offices elsewhere in the New York metropolitan area, as well as in Des Moines, Iowa, and Birmingham, Alabama.
It took its Dotdash Meredith name in 2021 after IAC acquired Meredith Corporation and Time Inc. Time had merged with Warner Communications in 1990 to form Time Warner (TW), but was spun off as a publicly traded company in 2014. TW kept its legal name until being acquired by AT&T in 2018 and being renamed WarnerMedia (and Warner Bros. Discovery in 2022).
Founded in 1996 as The Mining Company, the site was launched on April 21, 1997, by Scott Kurnit, owner of General Internet, Bill Day, and a group of other entrepreneurs in New York City. The original goal was to maintain 1,800 topic areas, but after five years of operation, this number was reduced to around 700.
In May 1999, the company changed its name to "About Inc." and the website name from "miningco.com" to "about.com". The company was acquired by Primedia (now Rent Group), in 2000 through a deal valued at US$690 million, whereby Primedia swapped 45.2 million shares for About, Inc.'s 18.1 million shares. At the time of the acquisition announcement, About Inc. was measured at US$133 million in cash and no debt (Sept. 30, 2000), while the Media Metrix company tallied 21 million unique monthly visitors—making it the seventh-most-visited "network of sites" at the time—a network of over 700 topic sites, sorted into 36 areas and 50,000 subjects, and approximately 4,000 advertisers. Following the purchase, which was finalized in the first quarter of 2001, the combined company was called "Primedia" and Kurnit remained chief executive officer (CEO).
In February 2005, The New York Times Company (Times Co.) announced it was buying About.com, a purchase that was completed in the first half of the year for US$410 million. Google and Yahoo! were reportedly among the other bidders. Following the Times Co. acquisition, Peter C. Horan was appointed as About Inc.'s president and CEO, but he was soon replaced by Scott Meyer in May 2005.
In March 2007, About.com's patronage was measured at 33.5 million unique visitors. On May 7, 2007, About Inc. acquired ConsumerSearch.com—a site that generated 3 million unique monthly visitors during the first quarter of 2007—for US$33 million in cash following two other purchases that were made in the preceding eight-month period: UCompareHealthCare.com and Calorie-Count.com.