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Forest Gump Says

February 2008 - Posts

  • Getty Images Agrees to Multi Billion Dollar Buyout

    I have been contemplating uploading some of my photos with Getty’s sub royalty-free photo company, istock.com for a while now. Here is some recent news that caught my attention. Getty Images Inc. has agreed to a $2.1 billion buyout from the private equity firm Hellman & Friedman LLC. San Francisco-based Hellman & Friedman offered $34 per share in cash for all of Getty’s shares, a 39 percent premium over Friday’s close. The company’s shares jumped $7.22, or 29.5 percent, to $31.67 Monday. Good news for a company who’s stock has been taking a beating over the last two years. The downward trend is due to many stock photo buyers, mostly from print publications lowered budgets. It makes me wonder what the next two years holds considering the trends in digital publishing. This will be an interesting industry to watch.

  • Wal-Mart wants to be your SEO firm.

    Wal-Mart sister company Sam's club has teamed with Innuity to bring Search Engine Optimization to the masses. I discovered this disturbing news while reading an article by Scott Buresh of Medium Blue. I am not going to rehash all the gory details, but I do agree with his overall conclusion. What they are offering is a service that allows you to input your business data into a form that then goes to several "local" search engines like Yahoo local, Yellow pages, Google local and some others. So they are not truly competing with a real full blown SEO company.

    Shocking as it may seem, it is both good and bad for the industry. Good because it does expose more people to the concept of SEO for their business. That is less advertising you have to do to educate the public. The bad is that they are not providing the full concept of Site Optimization and Organic Engine Ranking. Plus what company with a website that generates lots of business traffic wants to trust it to a company who brings them giant mega packs of granola bars and 5lb tubs of peanut butter. I would not.