Company:Everyday Health
 | |
| Type | Subsidiary |
|---|---|
| Headquarters | , |
| Owner | j2 Global |
Number of employees | 520 (2013) |
| Website | everydayhealth.com |
Everyday Health Group is a digital media company which owns websites and produces content relating to health and wellness. As of December 8, 2016, it was acquired by Ziff Davis, a subsidiary of j2 Global.[1]
History
The company was founded in 2002 by entrepreneurs Benjamin Wolin and Michael Keriakos to invest in the creation of online health content for major "offline" health brands. At the time, it was known as Agora Media.[2] It merged with Streetmail.com to become Waterfront Media.[2]
In October 2008, the company announced that it would merge with Revolution Health, in a deal valued at $300 million.[3] The combined company, operating under the Waterfront Media name, was projected to have $100 million revenue in 2009, double its 2007 revenue.[4]
In 2010, the company changed its name to Everyday Health.[2] The company attempted an IPO in November 2010, which ultimately failed due to changes in “circumstances regarding the securities markets.”[5] In December 2010, Everyday Health acquired professional website MedPage Today.[6]
By 2011, the company's network of sites had over 28 million unique viewers per month, garnering over United States dollar 100 million in yearly revenue, including major partnerships with brands and personalities such as Denise Austin and the South Beach Diet.[7]
Throughout 2011, the company began to diversify into digital media: in July 2011 it announced that it would be co-producing a self-titled TV series with Litton Entertainment for Litton's Weekend Adventure, a new Saturday morning syndication package of E/I programming aired by affiliates of ABC. It also hired Paul Slavin, a veteran producer from ABC News, to help operate a new studio for the company.[7] In October 2011, YouTube announced that Everyday Health would become part of its Original Channel Initiative, which aimed to fund the production of professionally produced original web content. Everyday Health would launch Everyday Health TV through the program, featuring original health and lifestyle-related series.[8]
On September 25, 2012, the company announced that it would acquire EQAL, most notable for the lonelygirl15 web series and fellow YouTube channel u look haute, for an undisclosed amount.[9] EQAL became a separate division of the company. Additionally, Everyday Health also announced that it was co-producing a television version of Recipe Rehab, one of the series featured on its YouTube channel. The series ran from October 6, 2012 through July 25, 2015.[10]
The company’s initial public offering was on March 28, 2014 on the New York Stock Exchange, under the symbol EVDY.[11] It opened at $14 per share, and closed the day at $13.50.[12] On October 21, 2016, Ziff Davis, a subsidiary of j2 Global, agreed to acquire Everyday Health for $10.50 per share in cash, valuing the company at $465 million.[13] The acquisition was completed on December 8, 2016.[1]
In February 2017, it was reported that j2 Global was considering selling off the less profitable parts of Everyday Health.[14]
References
- ↑ 1.0 1.1 "J2 Global's Ziff Davis Completes Everyday Health Buyout" (in en-US). http://finance.yahoo.com/news/j2-globals-ziff-davis-completes-141502053.html.
- ↑ 2.0 2.1 2.2 Shanks, Adam (March 28, 2016). "Everyday Health to shut North Adams office; most employees to work from home" (in en). https://www.berkshireeagle.com/archives/everyday-health-to-shut-north-adams-office-most-employees-to-work-from-home/article_86a968af-7ed4-52d7-9df9-0f924f819cad.html.
- ↑ Clifford, Stephanie (October 3, 2008). "Two Online Health Site Operators to Announce a Merger". The New York Times. https://www.nytimes.com/2008/10/03/business/03deal.html?_r=2&oref=slogin.
- ↑ Clifford, Stephanie (2008-10-03). "Two Online Health Site Operators to Announce a Merger (Published 2008)" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2008/10/03/business/03deal.html.
- ↑ Elstein, Aaron (March 24, 2014). "Everyday Health looks unwell". http://www.crainsnewyork.com/article/20140324/BLOGS02/303239985/everyday-health-looks-unwell.
- ↑ "Everyday Health buys MedPage Today in play for professional space". December 14, 2010. https://www.mmm-online.com/home/channel/everyday-health-buys-medpage-today-in-play-for-professional-space/.
- ↑ 7.0 7.1 "Everyday Health is Out to Dominate Media via Video, Apps, and Social". Xconomy. http://www.xconomy.com/new-york/2011/12/08/everyday-health-seeks-media-dominance-via-video-apps-and-social-plays/2/.
- ↑ "YouTube Announces TV Initiative With 100 Niche Channels". The Hollywood Reporter. http://www.hollywoodreporter.com/news/youtube-tv-channels-kutcher-poehler-254370.
- ↑ "Everyday Health Has Bought Social Media Marketers Eqal (Price Up To $25M?)" (in en-US). https://social.techcrunch.com/2012/09/25/everyday-health-has-bought-social-media-marketers-eqal-price-up-to-20m/.
- ↑ "Everyday Health Buys Lonelygirl15 Producer EQAL in Expansion to New Genres". AdAge. http://adage.com/article/digital/everyday-health-buys-lonelygirl15-producer-eqal/237397/.
- ↑ "EVERYDAY HEALTH, INC. (EVDY) IPO". http://www.nasdaq.com/markets/ipos/company/everyday-health-inc-704497-74708.
- ↑ Hay, Timothy (2014-03-28). "Everyday Health Closes Down on Day One, But CEO Upbeat". https://blogs.wsj.com/venturecapital/2014/03/28/everyday-health-closes-down-on-day-one-but-ceo-upbeat/.
- ↑ Inc, Everyday Health. "Everyday Health Enters into Agreement to Be Acquired by j2 Global, Inc.'s Ziff Davis for $10.50 per Share in Cash" (in en). https://www.prnewswire.com/news-releases/everyday-health-enters-into-agreement-to-be-acquired-by-j2-global-incs-ziff-davis-for-1050-per-share-in-cash-300349085.html.
- ↑ Lau, Virginia (2017-02-10). "J2 Global considers divesting parts of Everyday Health" (in en-US). https://www.mmm-online.com/home/channel/media-news/j2-global-considers-divesting-parts-of-everyday-health/.
External links
 |
