Rogers sells personal finance website MoneySense to Ratehub for undisclosed amount

TORONTO — The MoneySense personal finance website has been sold by Rogers Communications Inc. to Ratehub Inc., for an undisclosed amount.Ratehub is a Toronto-based company that owns an online comparison site for financial products.Its gets most of its revenue from commissions paid by companies after readers click to learn more about a particular product.Rogers Media axes 75 jobs, slashing one-third of its digital content and publishing team‘Television is not dead’: Rogers to shift more content online, head of Media division saysRogers Media abandons $100-million joint venture with Vice CanadaMoneySense was once a print magazine with an online presence. Since 2016 it has continued solely as a digital publication that attracts an estimated 700,000 unique visitors a month.Rogers Media president Rick Brace says in a statement that it was important to find a “good home” for MoneySense.Ratehub and MoneySense have previously collaborated to present a credit card comparison tool for Canadians.“We see this acquisition as a way to extend our partnership even further and bring Canadians more comparison tools in areas such as mortgages, investing and savings vehicles, and insurance products,” said James Laird, co-founder of Ratehub Inc. and President of CanWise Financial. read more