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Maven to file registration statement, as part of public offering to fund merger. Profitability forecasted by Q4 on $30 Million run rate of revenue from combined operations.

From left to right, Say Media CEO Matt Sanchez, Maven CEO James Heckman, HubPages CEO Paul Edmondson, and Maven President Josh Jacobs describe the impact of their 3-way merger. (Video: Business Wire)

SEATTLE--( BUSINESS WIRE )--Maven announced today it has signed a letter of intent to acquire Say Media as part of a three-way fusion -- along with HubPages -- that will bring together former competitors to create a dominant platform for professional, independent publishers. Maven, Say Media and HubPages will continue to trade under the ticker symbol.

“It will also position Maven as a viable alternative for publishers, from single authors to leading publications, seeking a sustainable future and to replace the distribution and revenue lost from social media platforms.”

Management believes the combined operations will be profitable in Q4 2018, generating a projected $30 million in annualized revenue. The combined entity will offer:

The newly formed coalition’s leadership discusses their decision to unite in this short video .

“After more than 12 years building and collaborating with our extraordinary community of partners, it’s become clear that fully integrated technology and monetization at massive scale is needed to save independent digital media publishing,” says Matt Sanchez, CEO of Say Media. “Together with Maven and HubPages, the strength of our technology and size of our collective communities will free publishers to focus on content instead of technology, distribution and advertising, which will produce a sustainable foundation on which to grow revenue and audience.”

The three companies operate under the same business model: content partners, on a shared business and technology platform. Combining the three companies will create economic efficiencies that will be passed along to independent publishers seeking stability and consistency, with each partner in the union bringing a unique set of offerings to create a powerhouse for online publishers.

The final report should appear as shown in Figure 5.

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