Salem Web Network Buys Tangle,com, GodTube.com
June 15, 2010 at 4:21 AM (PT)
SALEM COMMUNICATIONS' SALEM WEB NETWORK has acquired websites TANGLE.COM, a Christian networking site, and GODTUBE.COM, a Christian video website.
"Both of these brands have pioneered new content and community interaction in the faith-based market and give SALEM a strong presence in the rapidly growing web 2.0 video and social networking space," said SALEM WEB NETWORK SVP TOM PERRAULT. "We are excited about adding these sites and combined audience to our network, and we have plans to aggressively grow both over the next several years."
"Professionally produced and user generated inspirational videos were a significant gap in our content offerings," said SALEM EVP/New Media RICK BILLINGSWORTH. "This acquisition gives us the leadership position overnight, while also opening up important new multi-media advertising opportunities."