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Mediabistro.com launches SportsNewser, subscription research on social media

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New York—Mediabistro.com, a division of WebMediaBrands Inc., announced Wednesday the introduction of two new products. It rolled out SportsNewser, a blog covering sports media. Additionally, Mediabistro.com in September will launch SocialTimes Pro, a subscription service that will offer research reports covering Facebook, virtual goods and social gaming.

“Adding a research component to our social media coverage is a natural extension for us,” Alan M. Meckler, chairman-CEO of WebMediaBrands, said in a statement.

On Aug. 6, WebMediaBrands received notice from the NASDAQ stock market indicating that the company no longer complies with NASDAQ requirements as its share price had dipped below $1.00. (On Wednesday, shares of WebMediaBrands were trading at 66 cents apiece.) As a result, WebMediaBrands may be subject to delisting.

Earlier this month, WebMediaBrands reported that its second quarter revenue was $2.5 million, a 72% increase over the year-earlier period. Loss from continuing operations was $945,000 for the second quarter compared with a loss of $2.1 million.

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