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Viewbix Sells Cortex Media to Content and Tech Powerhouse Minute Media – Unlocking Value for Quantum Future
Globenewswire· 2025-11-12 21:03
Core Insights - Viewbix Inc. has completed the strategic sale of its major digital content subsidiary, Cortex Media Group Ltd., to Pro Sportority, a subsidiary of Minute Media Inc., which specializes in sports content and technology [1][2] - This sale aligns with Viewbix's strategy to expand beyond its legacy digital advertising operations and focus on high-growth sectors, particularly in quantum computing and advanced computational technologies [2] Company Overview - Viewbix operates in the digital advertising field through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., providing technological solutions for internet campaign automation, optimization, and monetization [4] - Gix Media focuses on acquiring and routing internet user traffic, while Metagramm develops AI-driven grammatical error correction software [4] - Viewbix's tools enhance profitability for advertisers and website owners by optimizing advertising campaigns [5] Transaction Details - Further details regarding the sale of Cortex will be disclosed in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission [3]
Travel + Leisure CEO: We're seeing leisure consumers want to continue to travel
Youtube· 2025-10-22 18:36
Core Insights - The travel and leisure sector has seen a surge of over 15% due to better-than-expected earnings and an increase in vacation ownership and spending in Q3, with the stock up approximately 38% year-to-date [1] Company Performance - The company is focused entirely on leisure travel and vacation ownership, with strong brands such as Windom, Accore, Sports Illustrated, and Margaritaville, indicating a robust demand from leisure consumers to continue traveling [2] - Approximately 800,000 members are part of the ownership base, with nearly 80% having already paid for their ownership, which supports ongoing travel demand [3] - The company anticipates strong demand for Q4, supported by a 90-day booking window, reflecting confidence in continued leisure travel [3] Market Trends - Leisure travel has proven to be resilient, as it is one of the last activities consumers give up during economic downturns and one of the first to rebound [4] - High inflation has led consumers to appreciate the value of their ownership, allowing them to enjoy vacations at a fraction of hotel prices [5] - Demand remains consistent across regions, with notable popularity in destinations like the Smoky Mountains, Las Vegas, and Southeast Beach locations [6][7][8] Future Outlook - The company expects 2026 to be a significant year for cruises, indicating a positive outlook for the broader travel industry [8] - Overall, demand remains steady with a preference for drive-to destinations over long-haul flights, reflecting consumer behavior trends [9]