HT Media To Acquire A Social Networking Site

HT Media is “in the process of acquiring” a site in the social networking space, as per an earnings release (pdf) from the company. So any guesses on which company they’re acquiring?

HT also plans to launch classifieds sites around Jobs, matrimonial and Real Estate — pretty much standard classifieds domains, some of which we’ve reported on earlier. HT Media also appears to have renamed its Internet subsidiary Firefly e-Ventures; it was called Medialab Web Solutions, and was announced last quarter. The company also claims that the re-launch of Hindustantimes.com has received consumer approval, which is “reflected in the increased page views”. No segment-wise earnings from HT Media; there is an analyst conference call here, which I might be posting updates from, if any.

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