Meredith Takes Stake in Social Network
Meredith Corp. is getting deeper into social networking, making a minority investment in Real Girls Media Network, a San Francisco-based network of online communities for women including DivineCaroline.com.
As part of the investment, Meredith and Real Girls Media will cross-sell each other’s online properties and Meredith will use Real Girls Media’s technology on its existing sites. The addition of the network will bring Meredith’s total unique monthly visitors to 15 million, per the company. Terms of the deal were not disclosed.
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