Bantling LLC Acquires TidBITS
ISSAQUAH, WASH. (April 1, 1999) — TidBITS Electronic Publishing, publishers of the highly regarded free TidBITS electronic newsletter focussing on the Macintosh and Internet communities, today announced that the majority of its business operations have been acquired by Bantling LLC, a privately held Washington corporation. Terms of the arrangement were not disclosed.
"We see this as a time of tremendous opportunity for both Bantling and TidBITS," said Tristan Mackay, Bantling’s principal shareholder, glancing at a crib sheet. "With Bantling’s input and aggressive, proactive management style, TidBITS’s organization will focus on future trends and growth, along with the development of adaptable hueristic strategies to quickly identify and engage in exciting, unrestrictive activities." Although Mackay described TidBITS as a valued service, he characterized Bantling’s takeover as "definitely a case of out with the old and in with the new."
Bantling also rattled off a list preliminary restructuring plans for TidBITS in a related announcement. Effective immediately, TidBITS founders Adam and Tonya Engst have resigned their positions as Publisher and Senior Editor to pursue other interests and spend more time with their family, although both will continue to work with TidBITS in an informal advisory capacity. The remainder of TidBITS organization is under review with an eye towards streamlining operations and eliminating backward-looking operations and technologies. "Many analysts quantify Internet years in a manner similar to dog years, meaning that every year on the Internet equates to about seven years in the life of an Internet-based organization. After continously publishing for nearly nine years, portions of TidBITS’s operations are nearing what we could consider a mandatory retirement age. It’s time to move beyond that security blanket."
"We believe these changes will re-invigorate TidBITS, endow it with a new hip image, and enable it to move strongly into the 21st century," said Mackay.
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