Digital

Discovery selling HowStuffWorks to Blucora for $45m

Discovery Communications will retain access to video content that has already been produced for the science website, which it bought in 2007 for US$250 million. (Pictured: Stuff Mom Never Told You)
April 22, 2014

Discovery Communications is selling science website HowStuffWorks for US$45 million – a substantial loss on the $250 million the U.S. firm bought it for seven years ago.

According to a regulatory filing made Monday (April 21) with the U.S. Securities and Exchange Commission, digital media company Blucora and its subsidiary InfoSpace are paying $45 million to acquire HowStuffWorks, its assets, IP, personnel and related sites and content. The all-cash transaction is expected to close in the second quarter of this year.

As part of the transaction, Discovery will retain access to HowStuffWorks video assets that have already been produced — for instance, the Stuff Mom Never Told You podcast content (pictured above) — as the company continues its strategic shift toward video content on digital platforms like Revision3, SourceFed, Animalist and TestTube.

Discovery will also partner with Blucora and HowStuffWorks to see through the native advertising deals that have already been made with key, larger clients.

Founded in 1998 and acquired by Discovery in 2007, HowStuffWorks offers explanations for how the world works across thousands of topic areas. The multi-platform content creator generates approximately 200 million page views and 38 million unique visitors per month, according to Discovery.

Upon completion of the acquisition, HowStuffWorks will become part of Blucora’s InfoSpace business, a provider of white label search and monetization solutions.

About The Author
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.

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