Thursday, October 09, 2008

New KIT

Credit where credit is due. I don't think KIT Media is out of the woods, but this is a company that has been actively managed out of its dodgy Roo TV past and has become the rollup in the Internet TV industry.

The emphasis is on performance and the former management's confused and sprawling empire seems to have been taken under control and focused into a video marketing company.

Smart move. Video marketing companies will develop just like web deevlopment companies appeared in the 90/00s.

A $40m revenue stream that, it claims, is EBITDA positive would create the first Internet TV company that has made a mark on the public markets.

There's little doubt that KIT is doing better than its CEO's previous employer at Jump TV.

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