News Corp. sells Beliefnet to BN Media

June 26, 2010

News Corp. sold Beliefnet, a multi-faith spirituality website it purchased two-and-a-half years ago, to an investment group on Friday.

The sale of Beliefnet, which was acquired in December 2007 by Rupert Murdoch's Fox Entertainment Group, was announced by its new owner, BN .

Terms of the transaction were not disclosed.

BN Media describes itself as a company with a mission to "serve the vast online market for spirituality and inspiration."

BN Media has investments in Affinity4, a marketer that raises funding for charities, ministries and other non-profit organizations, and Cross Bridge, which offers online distribution of audio-video content for non-profits and charities.

Founded in 1999, Beliefnet says it is the leading multi-faith inspiration and spirituality site on the Web.

Beliefnet, which is not affiliated with any single spiritual movement, has more than 14 million subscribers to its newsletter and averages nearly three million unique visitors a month to its website, Beliefnet.com.

BN Media chief executive Steve Halliday said BN Media was interested in Beliefnet's "high-quality content, tremendously loyal community and its well-established brand."

Belief has a reputation for providing "high quality, diverse inspirational content reflecting a myriad of cultures, religious beliefs and secular philosophies," Halliday said in a statement.

Beliefnet general manager Beth-Ann Eason said the acquisition "will enable Beliefnet to effectively continue its mission to be the leading provider of inspiration, spirituality and faith-based online content in a multi-faith environment."

. also owns social network MySpace, which it bought in 2005 for 580 million dollars.

Explore further: Study: Doctors think faith helps patients

Related Stories

Fox News taps MySpace for citizen journalists

April 20, 2009

MySpace on Monday invited its members to become volunteer "uReporters" by supplying news pictures or videos for use at the social networking website and Fox News network.

Former AOL head to run News Corp. digital

April 1, 2009

Jonathan Miller, a former head of Time Warner online unit AOL, was named by News Corp. chairman Rupert Murdoch on Wednesday to oversee MySpace and other digital businesses at the media giant.

Spirituality is key to kids' happiness

January 8, 2009

To make children happier, we may need to encourage them to develop a strong sense of personal worth, according to Dr. Mark Holder from the University of British Columbia in Canada and his colleagues Dr. Ben Coleman and Judi ...

iVillage wins big from NBC buyout

March 7, 2006

As venerable as NBC Universal may be with its vast empire of television and film networks, it is still not beyond buying out smaller, niche Internet companies catering to a targeted audience for a sizeable price tag.

Recommended for you

Permanent, wireless self-charging system using NIR band

October 8, 2018

As wearable devices are emerging, there are numerous studies on wireless charging systems. Here, a KAIST research team has developed a permanent, wireless self-charging platform for low-power wearable electronics by converting ...

Facebook launches AI video-calling device 'Portal'

October 8, 2018

Facebook on Monday launched a range of AI-powered video-calling devices, a strategic revolution for the social network giant which is aiming for a slice of the smart speaker market that is currently dominated by Amazon and ...

Artificial enzymes convert solar energy into hydrogen gas

October 4, 2018

In a new scientific article, researchers at Uppsala University describe how, using a completely new method, they have synthesised an artificial enzyme that functions in the metabolism of living cells. These enzymes can utilize ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.