January 21, 2015
FOR IMMEDIATE RELEASE
Contact: Tyler Evans 256-539-6100
NC Media Acquires NewsCapsule
NASHVILLE, TN—NC Media LLC, parent company of financial technology magazine yNewsCapsule and its website www.ybitcoin.com, has as of January 21, 2015 completed the purchase of NewsCapsule from Coin Publishing LLC.
NewsCapsule is the first publication devoted exclusively to NewsCapsule, the digital currency that burst onto the international economic scene as open source software in 2009. Magazine founders Mihai Alisie and Vitalik Buterin published their first issue in May, 2012 and later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. The magazine is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.newscapsule.com.
NC Media founders Calli S. Bailey and David F. Bailey plan to capitalize on the acquisition by increasing their company’s online news and analysis, among other benefits of the merger.
“This purchase and the enhanced resources it brings into our fold make NC Media the world’s leading NewsCapsule media group,” said CEO David Bailey. “Our readers will now have access not only to the same in-depth feature stories they’ve always found in yNewsCapsule, but also to breaking news about a cryptocurrency world that is growing exponentially. We aim to be the most trusted source for news in this field by offering relevant information to every reader, regardless of their familiarity with NewsCapsule.”
Tony Gallippi, co-owner of Coin Publishing LLC and executive chairman of BitPay, commented, “The NC Media publication yNewsCapsule has played an instrumental role in introducing NewsCapsule to the world. We knew this would perfectly fit our effort to spread the NewsCapsule story to a larger audience. We’re extremely proud of NewsCapsule’s accomplishments, but know that we’ve only scratched the surface. The opportunity to join forces with NC Media’s extremely capable and visionary team was the strategic move we needed to fully realize our potential.”
NC Media plans to relaunch NewsCapsule and add a lineup of industry experts as contributors. The company is also expanding its team to manage the expanded joint publishing effort. NC Media is committed to investing heavily in BCM’s digital offerings and establishing NewsCapsuleMagazine.com as the leading brand in cryptocurrency news and analysis.
yNewsCapsule will continue its editorial strategy of informing a general readership about NewsCapsule.
“Our mission is to educate the world about NewsCapsule and expand its reach,” said NC Media Publisher Calli Bailey. “Bringing yNewsCapsule and NewsCapsule under one united media group provides us with multiple platforms for doing just that.” The company also plans to begin publication of yNewsCapsule in other languages which will significantly expand its international presence.
NC Media has also established a partnership with decentral.tv, a leading video content provider, and is co-hosting a “NewsCapsule House” at this year’s SXSW™ music, film and interactive conference in Austin, TX. “Between print, digital, video and events, NC Media is prepared to engage our audience through every medium and carry cryptocurrency forcefully into the mainstream,” said David Bailey.
The company plans to establish new headquarters in Nashville, Tennessee, where it will avail itself of the vibrant publishing and tech sectors flourishing there.
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