Media Corp announce today the purchase of premium, generic domain name, sport.co.uk for ?135,000
They obviously have develop and resell plans for their new purchase. Justin Drummond, Chief Executive of Media Corporation plc, commented:
The value of a top-tier domain name combined with a profitable advertising-driven business model was recently illustrated by the Group?s successful sale of Casino.co.uk for up to ?3.625 million. We are aiming to replicate this success with Sport.co.uk as we continue to increase the scale and diversity of the Group?s Web Publishing business.
Along similar lines, another company I spotted before Christmas is AIM listed Hecta Media. This company intends to identify and purchase sites and domains and
..consolidate a number of such websites across a few content genres, with the purpose of creating advantages of scale in each vertical market.
I’m waiting for news on what they purchase – I’ll let you know.