As anticipated by a report in IQ News, Times Mirror Magazines, New York, formally revealed its plan to acquire InterZine Productions, which publishes igolf.com, irace.com and The Sports Business Daily. The price tag on the Norwalk, Conn., publisher is believed to be $8 million. The entities will be merged into an interactive division under Michael Dubester, former president of The Sporting News Online, a Times Mirror publication. InterZine principals Brian Henley and Tom Hagopian will remain on board as consultants.
More Money for iXL
A month after raising $30 million in capital investments, iXL Holdings, Atlanta, a new media holding company and parent of Los Angeles-based Box Top Interactive, has landed an additional $6 million.
Mellon Ventures contributed $3 million, TTC Ventures added $2 million and $1 million came from individual investors. iXL has nine offices and will open Denver and Chicago branches later this month.
Slate Snags Subs
Since announcing its plan to begin charging subscription fees for its content,Microsoft’s Slate, the Redmond, Wash.-based political online ‘zine, reported it was on track to have 10,000 registered and paid subscribers by the end of last week.
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