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Breaking News
posted by janrinok on Tuesday July 28 2015, @02:42PM   Printer-friendly
from the let-the-cheering-commence! dept.

FS tells me that Ars Technica reports that Dice is selling the Slashdot and Sourceforge sites. The company in their second quarter earnings announcements stated they have "not successfully leveraged the Slashdot user base to further Dice's digital recruitment business", and are planning to divest this business.

The report goes on to note that in spite of what the report calls "an incredibly loyal and passionate following of tech professionals," Slashdot and SourceForge aren't core to DHI's business and that DHI has partnered with KeyBanc Capital Markets to advise DHI on the sale. There is no buyer lined up yet.

The report also says that Slashdot Media (the aggregate of Slashdot and SourceForge) made $1.7 million in revenue for the second quarter and that it's estimated Slashdot Media will pull somewhere between $15 million and $16 million in revenue for fiscal 2015.


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  • (Score: 1) by mmlj4 on Tuesday July 28 2015, @11:23PM

    by mmlj4 (5451) on Tuesday July 28 2015, @11:23PM (#215109) Homepage

    Tinfoil hat time! I don't get the game plan... sure, they've been caught out and so it's time to sell, but let's think about this for a while. Sourceforge's reputation is gone, pissed away in an effort to monetize open source software. They also destroyed freshmeat --- had to, if there was ever going to be any money in sourceforge. Hmm... maybe I get the game plan after all?

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