Hearst Magazines acquires relationship advice site
Publishing giant Hearst Magazines announced on Wednesday plans to acquire Answerology, a New York-based start-up that offers a question-and-answer service for relationship advice. Financial terms of the deal were not disclosed, but PaidContent reported that it was in the seven figures.
Matthew Milner, Answerology's founder, will be brought on board Hearst as vice president of community and social media in the conglomerate's Hearst Magazines Digital Media unit.
Answerology's schtick is that it allows users to ask anonymous questions about family, marriage, dating, and other heated subjects pertaining to relationships, and those questions can be targeted toward select … Read more