(Image source: AllThingsD)
BY EVAN THOMAS
AllThingsD and Dow Jones are parting ways
at the end of the year.
AllThingsD will spin off to seek funding for
its own operations, including its flagship
D conference.
And it won't be called AllThingsD anymore:
Dow Jones retained the rights to that brand.
(Via AllThingsD)
Both AllThingsD and the Dow Jones-owned The
Wall Street Journal will continue their current
operations through the end of the year.
Walt Mossberg's column "Personal Technology"
will keep running in The Wall Street Journal
as it has since 1991.
But come Dec. 31, he will leave the company
to continue his work for the new operation,
which doesn't yet have a name.
(Via The Wall Street Journal)
Kara Swisher is not currently an employee
of Dow Jones — she works on contract — but
she and Mossberg explain the new venture will
benefit from more resources and opportunities
for expansion, "including hiring more journalists
and doing much more video."
(Via AllThingsD)
AllThingsD has hired investment bank Code
Advisors to help with its search for outside
investors.
Quartz reports a valuation could be somewhere
between $30 and $40 million.
Fortune reports mention of names like NBCUniversal
and Bloomberg as possible partners, but no
parties have issued comment on the possibility.
The Wall Street Journal will reportedly expand
its own tech reporting to fill the AllThingsD
gap, with plans to hire 20 new staffers and
develop more multimedia content starting in
2014.
