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RCU has a new owner

Old 11-25-2007, 11:54 AM
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gnirwin
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Default RCU has a new owner

I have just read that RCU has been sold to Hearst Publishing. The deal is supposely worth 20 million and includes the sell of Kaango as well. Has anyone else heard anything on this?
Old 11-25-2007, 11:55 AM
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exeter_acres
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Default RE: RCU has a new owner

been discussed at length over at another site that I can not type here... for a few days...

ironic, isn't it?
Old 11-25-2007, 12:05 PM
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Geistware
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Default RE: RCU has a new owner

Here is a link to the press release.
http://www.hearst.com/news/press_111607a.html
Old 11-25-2007, 12:24 PM
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mvigod
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Default RE: RCU has a new owner

Correct. RCU and Kaango (both formerly owned by me and my partner Michael) sold 80% to Hearst and Media News Group. Michael and I are both staying on and collectively still have an ownership stake.

From a member perspective and client (i.e. our advertisers) perspective nothing will change other than us having additional resources to improve the site (both technically and in content) at a more rapid pace. All the same people that were here before the sale are still here after the sale in same functional roles. We intend on bringing on some full time support staff to increase our already fast response times.

We are excited about this news and how it will act as a catalyst to give us the ability to help bolster our services to our visitors and members. I'm looking forward to working hard on making RCU even better in the coming years as I have for the past seven years since its birth.

Marc
Old 11-25-2007, 12:28 PM
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RCVFR
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Default RE: RCU has a new owner

Way to go, Marc! [sm=thumbup.gif]
Old 11-25-2007, 12:28 PM
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Flyboy Dave
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Default RE: RCU has a new owner

Way to go, Marc.... [sm=thumbup.gif]....the American Dream comes true !!!

I wonder how the clowns from the old Flightlines likes him now.

FBD.
Old 11-25-2007, 12:38 PM
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Default RE: RCU has a new owner

Damn, $20 Million! I guess you can go buy that Porsche now.

Congrats!
Old 11-25-2007, 01:24 PM
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Default RE: RCU has a new owner

So who do I talk to about a raise?
Old 11-25-2007, 01:32 PM
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Default RE: RCU has a new owner


ORIGINAL: MinnFlyer

So who do I talk to about a raise?
Mike,
I think that Marc should at least double what you are getting now!!!!

Ken
Old 11-25-2007, 02:29 PM
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Default RE: RCU has a new owner

<perk> Full time staff??

Where do I apply!?!?
Old 11-25-2007, 02:34 PM
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Default RE: RCU has a new owner


ORIGINAL: BarracudaHockey

<perk> Full time staff??

Where do I apply!?!?
Line forms behind me!!!!

Ken
Old 11-25-2007, 03:25 PM
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mvigod
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Default RE: RCU has a new owner

Thanks much fellas. It does show if you work hard night and day with focus things can work out.

Now instead of me going on vacation to celebrate I think I'll be working even harder. I can't complain at all as I really enjoy running the site and working with the entire moderator team and members. If it wasn't for that I think I would have blown out years ago.

marc
Old 11-26-2007, 03:17 PM
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Default RE: RCU has a new owner

WOW, thats some good coin! Need a pilot for that new jet you are going to buy?
Old 11-26-2007, 03:23 PM
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mvigod
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ORIGINAL: FLYBOY

WOW, thats some good coin! Need a pilot for that new jet you are going to buy?

LOL...it's never the jet that is the most expensive part...it's the fuel right! If I had a jet and could afford the fuel to put in it I'd hire ya'
Old 11-26-2007, 09:38 PM
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Default RE: RCU has a new owner

mucho congrats, barry
Old 11-26-2007, 10:59 PM
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Default RE: RCU has a new owner

Good job Marc. If it makes you happy, it makes us happy.
The Badius Boys
Old 11-27-2007, 01:25 PM
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Default RE: RCU has a new owner

If every thing was going so well and all personal are staying in place doing the same thing they have always done and you are happy as a claim at hi tide.Why sell?

cv
Old 11-27-2007, 02:07 PM
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Default RE: RCU has a new owner

ORIGINAL: crownvic

If every thing was going so well and all personal are staying in place doing the same thing they have always done and you are happy as a claim at hi tide.Why sell?

cv
Old 11-27-2007, 04:37 PM
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Default RE: RCU has a new owner


ORIGINAL: crownvic

If every thing was going so well and all personal are staying in place doing the same thing they have always done and you are happy as a claim at hi tide.Why sell?

cv
I think he has 20 milion reasons...........LOL HOLY $##T $20 Million!!!!!!!!!!!!!!!!!!!
Old 11-27-2007, 09:17 PM
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Default RE: RCU has a new owner

Hope you continue to stay on running a good site.

Scott
Old 11-27-2007, 09:28 PM
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Default RE: RCU has a new owner

I don't have any idea how to respond to a question like that.[8D]
ORIGINAL: crownvic

If every thing was going so well and all personal are staying in place doing the same thing they have always done and you are happy as a claim at hi tide.Why sell?

cv
Old 11-27-2007, 09:31 PM
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benc008
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Default RE: RCU has a new owner

I am new to RCU. How does your site make money? $20M ... wow!
Old 11-28-2007, 11:43 AM
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crownvic
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Default RE: RCU has a new owner

apparantly they dont cause they need 20million reasons to sell
Old 11-28-2007, 03:58 PM
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Default RE: RCU has a new owner

How long will it be before we have to pay for a RCU membership or dues ?
Old 11-28-2007, 04:08 PM
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mvigod
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Default RE: RCU has a new owner


ORIGINAL: FOD MAN

How long will it be before we have to pay for a RCU membership or dues ?
No change in member structure. Same one we always have had is the one we continue to use. Click UPGRADE for more info. this system same on in place for 4+ years now. Works fine. No reason to change.

mv

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