Comtex News Network, Inc. (CMTX)

[flemsnopes]

Virginia-based Comtex News Network goes private

ALEXANDRIA, VA – The Comtex News Network, an online news aggregator that supplies content to Websites and newsletters from more than 70 publishers, has gone private following a reverse stock split.

The company earned $1.9 million in revenue in the third quarter, up 27 percent from the same period last year. It reported a net loss of $191,000, up from $33,000 a year ago, due to higher sales and marketing expenses.

We’ve noticed that content-focused companies are increasing hot items in the online world. The phrase “content is king,” is being bandied about by the likes of AOL, Yahoo, and other major players.

Players in the space are probably good acquisition candidates–although not necessarily Comtext– as well as being poised to boost revenue.