iVillage Acquires gURL.com

Posted on August 15, 2003

iVillage Inc., a women's media company, has acquired the gURL.com Website and related assets from Primedia Inc. gURL.com is an online community for teenage girls and offers articles, advice, resources, games and interactive content.

"Teens are now spending more time online than they do watching TV," said Douglas W. McCormick, Chairman and CEO of iVillage Inc. "With teenagers spending approximately $170 billion annually this demographic and its spending power is very attractive to both advertisers and iVillage. This acquisition expands our advertiser base bringing in new categories and new customers. It also is a solid, strategic fit with our brand and establishes a lifelong, life stage relationship with women."

iVillage will acquire gURL.com, its trademarks, URLs, intellectual property and key contracts. Key members of gURL.com's staff, including co-founders Esther Drill and Heather McDonald, will join iVillage.

Esther Drill, Editor-in-Chief, gURL.com said, "The parallels between gURL.com and iVillage are strong. It has always been our commitment to discuss issues that affect the lives of teenage girls in a nonjudgmental, personal way. Joining the most trusted brand on the Internet for women will allow us to continue to offer girls information and discussion outlets on subjects that are crucial to their lives."

Established in 1995 and headquartered in New York City, iVillage Inc. operates the iVillage.com website, Women.com Networks, Inc., iVillage Parenting Network, Inc., Public Affairs Group, Inc., Promotions.com, Inc., iVillage Consulting, and Knowledgeweb, Inc. (operator of Astrology.com). iVillage Parenting Network is a holding company for Lamaze Publishing Company, a publisher of advertiser supported educational materials for expectant and new parents, and iVillage Integrated Properties, Inc., the operator of The Newborn Channel, a satellite television network broadcast in over 1,050 hospitals nationwide, and the publisher of Baby Steps magazine.



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