Newscom May Acquire Digital Railroad Assets

Posted on 11/3/2008 by Julia Dudnik Stern | Printable Version | Comments (0)

Diablo Management, the company managing the Digital Railroad liquidation, has notified the members and customers of the defunct platform that its assets may be purchased by an unidentified “twenty-year fixture in the industry.” Additional details on the mystery buyer closely match only one company: Newscom.

Digital Railroad has received a letter of intent to purchase hardware and image-management application software. Diablo Management has also said that the potential buyer intends to continue providing services to Digital Railroad members and customers with as little interruption as possible, and to contact owners of images to determine their disposition.

The Diablo memo described the buyer as a digital media marketplace with over 25 million images, news stories and videos, marketed to a network of 5,000 buyers. The number of assets alone narrows the possibilities to only a few large distributors, and there are additional clues: the years in business, the availability of a news-syndication offering and linguistic similarities between Diablo’s description and Newscom’s own marketing copy.

The same memo, issued on Friday, says additional updates on the situation will be posted on the Digital Railroad information page of the Diablo Web site.

Copyright © 2008 Julia Dudnik Stern. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz


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