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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?
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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? |
RE: RCU has a new owner
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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 |
RE: RCU has a new owner
Way to go, Marc! [sm=thumbup.gif]
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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. :D |
RE: RCU has a new owner
Damn, $20 Million! I guess you can go buy that Porsche now. :D
Congrats! |
RE: RCU has a new owner
So who do I talk to about a raise? :D
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RE: RCU has a new owner
ORIGINAL: MinnFlyer So who do I talk to about a raise? :D I think that Marc should at least double what you are getting now!!!! ;) Ken |
RE: RCU has a new owner
<perk> Full time staff??
Where do I apply!?!? |
RE: RCU has a new owner
ORIGINAL: BarracudaHockey <perk> Full time staff?? Where do I apply!?!? Ken |
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 |
RE: RCU has a new owner
WOW, thats some good coin! Need a pilot for that new jet you are going to buy? :):D
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RE: RCU has a new owner
ORIGINAL: FLYBOY WOW, thats some good coin! Need a pilot for that new jet you are going to buy? :):D 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' :) |
RE: RCU has a new owner
mucho congrats, barry
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RE: RCU has a new owner
Good job Marc. If it makes you happy, it makes us happy.
The Badius Boys |
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 |
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 |
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 |
RE: RCU has a new owner
Hope you continue to stay on running a good site.
Scott |
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 |
RE: RCU has a new owner
I am new to RCU. How does your site make money? $20M ... wow!
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RE: RCU has a new owner
apparantly they dont cause they need 20million reasons to sell
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RE: RCU has a new owner
How long will it be before we have to pay for a RCU membership or dues ?
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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 ? mv |
RE: RCU has a new owner
Read between the LINES it is not just RCU:eek:;):D
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RE: RCU has a new owner
Good Job to RCU!
BUT...I would like to congratulate the many members that make this site what it is, and worthy of being bought. [sm=thumbs_up.gif] |
RE: RCU has a new owner
ORIGINAL: RCadmin 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 I just stopped by here to see what was new (and if my account still worked) and I came across this thread. I've got to hand it to you... You kept this place essentially the same since the first day I signed on. I always thought membership would end up costing money, even years ago when things really started to grow, but it never happened, just like you said. This website has turned into an intergral part of the hobby. I never thought this would turn into what its become and obviously it wouldn't have happened without you. So I have to say, congratulations! I'm curious... How close is this to what you imagined the day you created this website? Did you really think things would get so big? |
RE: RCU has a new owner
Thanks much for the kind words everyone.
BRW - when I started the site I had no idea it would turn into what it is today. I just wanted a place to buy and sell (mostly buy) rc stuff without having to wait 5 minutes for RC Online (the big site at the time) to load every single page. I offered back then to help Ed (owner of RCO) for free to host his site at n/c and assist in the DB just so I wouldn't have to wait. He said he knew what he was doing and basically didn't want any help. Months went by and pages still took 5 minutes to load (or error out) so I started RCU and the rest as they say is history. Also, Kaango.com was born out of the technology and business concepts that we developed on RC Universe. That site also was part of the transaction that just occured. marc |
RE: RCU has a new owner
How did you find the buyer for RCU and Kaango?
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RE: RCU has a new owner
ORIGINAL: RCadmin Thanks much for the kind words everyone. BRW - when I started the site I had no idea it would turn into what it is today. I just wanted a place to buy and sell (mostly buy) rc stuff without having to wait 5 minutes for RC Online (the big site at the time) to load every single page. I offered back then to help Ed (owner of RCO) for free to host his site at n/c and assist in the DB just so I wouldn't have to wait. He said he knew what he was doing and basically didn't want any help. Months went by and pages still took 5 minutes to load (or error out) so I started RCU and the rest as they say is history. Also, Kaango.com was born out of the technology and business concepts that we developed on RC Universe. That site also was part of the transaction that just occured. marc |
RE: RCU has a new owner
I cannot expand on some of the questions reagarding specifics of this deal due to non-disclosure agreements
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RE: RCU has a new owner
Understood.
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RE: RCU has a new owner
ORIGINAL: benc008 How did you find the buyer for RCU and Kaango? |
RE: RCU has a new owner
ORIGINAL: Hill202 ORIGINAL: benc008 How did you find the buyer for RCU and Kaango? |
RE: RCU has a new owner
Hill202,
What have you sold in the marketplace? |
RE: RCU has a new owner
marc, as you probably know i haven't been here in a few years since our parting, but i congratulate you and wish you the best!---henry
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RE: RCU has a new owner
wish you best... haha
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RE: RCU has a new owner
Thanks all.
marc |
RE: RCU has a new owner
ORIGINAL: RCadmin 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 You did real good! I remember when you broke the 25,000 record. |
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