UPDATE (Monday, 10-4-10): I spoke with Rusty Lewis from CMN this weekend, and will have audio of the interview up later today.
College Media Network, which provides an online content management system (College Publisher) to around 600 college news media outlets around the nation, has been sold by MTVu/MTV Networks.
In a blog post, CMN’s Rusty Lewis announced the sale:
College Media Network is trading hands from MTV Networks to The Access Network Company. While our ownership is changing, our staff is not. You can still count on the same names and faces you’ve relied on for more than five years. Our commitment and service to you remains unwavering.
However, the ownership situation is not quite so clear from the partner publication letter (PDF) sent out by MTVu’s Carlo DiMarco:
Starting today, Access Network Company, the leading online city guide content management software platform for premium brands, publishers, and local merchants, and the owner of BlackBook Media, will take over operations of College Media Network, which has been acquired by a private investment firm from mtvU.
I have e-mailed CMN to find out more information about the private investment firm, and hope to find out more about this deal in the coming days.
(via Vince Filak on CMA Listserv)