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Summary:

Two of the rare digital media IPOs planned have done something not that rare these days: withdrawing their IPOs. NameMedia, the domain name…

imageTwo of the rare digital media IPOs planned have done something not that rare these days: withdrawing their IPOs. NameMedia, the domain name media company headed by Kelly Conlin, previously CEO of *Primedia* and IDG, and Eyeblaster, the online rich ad format company, have both filed notices with SEC to withdraw their planned IPOs. Both cites the usual, “market conditions”.

imageNameMedia filed its S-1 in November last year, with an intent to raise about $172 million. The Waltham, MA-based company offers two main services, monetizing unused domains and facilitating domain name sales.

Meanwhile, Eyeblaster, the NYC and Israel based company, filed for a $115 million IPO in March this year.

Other digital media related companies that have withdrawn their IPOs recently include LocalMatters, Synacor, and Focus Media (NSDQ: FMCN) (which sold part of its company this week to Sina). When will CurrentTV, the only media related IPO pending that I know of, withdraw?

  1. I think a bad business model contributed to NameMedia's withdrawal.

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