Centaur Buys Transformational Web Business
It doesn't actually. But The Regulatory News Service reports this that Centaur Media has bought the ABTN web site for £100,000. No mistake here - I havene't left off a zero. If you have a look at the site its a weekly monodimensional scribing of random news for the travel industry. It makes no use of any Web 2.0 thinking, it updates only once a week, has little or no advertising that I can see, is poorly presented and presumably makes little or no money.
My questions are
1) Why bother buying something so small?
2) If you have bought it why announce it through RNS? It looks absurd.