SCMP.com buys into StockHouse

SCMP.com''s investment in StockHouse Media shows that deals these days are about more than just money.
April 17, 2000
SCMP.com, the internet arm of South China Morning Post, has bought a 5.45% stake in New York-based StockHouse Media Corporation. SCMP.com is investing through a mixture of cash and shares for its 5.45% stake in the $140 million company, valuing its stake at $7.63 million.

Integral to the deal are agreements that SCMP.com will provide content for StockHouse Media CorporationÆs newly launched Hong Kong website, Stockhouse.com.hk. In turn, Stockhouse.com.hk has committed to buy advertising space from SCMP.

ôLast year, StockHouse formed a similar arrangement with publishing giant Hollinger International in Canada,ö says Jeff Berwick, Founder and President of StockHouse Media.

ôThat relationship significantly accelerated...

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