Geeknet could sell off SourceForge, Slashdot and Freecode

Three of the most popular websites for tech and software enthusiasts could be sold off, if its parent company feels it needs to do so. A press release from Geeknet announced this week that the company is now seeking "to explore strategic alternatives with respect to its online media business, including the SourceForge, Slashdot and Freecode websites."

The announcement said that those options could include "a potential sale of the Company's online media business." Yet another alternative could see the company actually putting in more money to expand Geeknet's media business. Geeknet added that its media properties receive over 46 million unique visitors a month.

This news comes as Geeknet revealed last week that it generated a first quarter 2012 loss of $2.1 million, compared to a loss of $2.4 million a year ago.

Launched in 1999, SourgeForge allows software creators to publish open source software projects for free. Freecode is even older, launching in 1998 and has concentrated its efforts on indexing Unix-based software projects.

Slashdot launched in 1997 and has remained one of the biggest sites for technology news, mostly generated by user submissions. Its founder, Rob Malda, left the website in 2011.  This year, Slashdot launched a spin-off video site, Slashdot TV.

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9 Comments

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At the end of the day if they are losing they either sell it or make it profitable, otherwise it won't last for long. There is no other choice.

too late, Slashdot was somethat interesting years ago but not anymore and Sourceforge is being killed by GitHub.

Magallanes said,
too late, Slashdot was somethat interesting years ago but not anymore and Sourceforge is being killed by GitHub.

I fully agree on your second point but not the first. I still love /. It has drifted a bit from hard tech news like it used to be, but its still very good compared to many out there.

Magallanes said,
too late, Slashdot was somethat interesting years ago but not anymore and Sourceforge is being killed by GitHub.

I find them pretty different... Github is a good idea but absolutely sucks in terms of having diffs being compatible when other diffs already on github submitted by other people are applied, e.g. hiphop php, I had to manually patch the whole darn thing.

butilikethecookie said,
No! I hope /. remains the same!

No kidding, but I've seen a sharp decline in quality since Slashdot Founder Rob “CmdrTaco” Malda left.

Perhaps he saw the writing on the wall?

Very sad news indeed.

king_of_hearts said,

No kidding, but I've seen a sharp decline in quality since Slashdot Founder Rob “CmdrTaco” Malda left.

Perhaps he saw the writing on the wall?

Very sad news indeed.

Slashdot is almost an example of social media at its best. The articles have never been brilliant, but the comments are where it's at. You get a fantastic mix of the provocative and the extremely knowledgeable. I hate to sound like I'm advertising for another site, I love neowin and I come here first, but you can't deny that in the hundreds of commenters on /. you get an incredible wealth of knowledge that's hard to beat. Amongst all of the trolls, of course.