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Sonos Cuts 96 Employees

socalTECH

Santa Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday. Deails on the layoffs have not been announced by the company, nor reason for the cuts.

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Demand Media Sees Steep Drop In Content Revenues, Cuts Staff

socalTECH

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M in the same quarter in 2014.

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BUZZMEDIA Trims Spin Magazine

socalTECH

Los Angeles-based digital media publisher BUZZMEDIA is wasting no time reshaping SPIN Magazine , the venerable music and culture publication it acquired earlier this month, and is reportedly already cleaning house.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. Buying the Kik messaging platform adds another social media weapon to the arsenal for MediaLab and its chief executive, Michael Heyward. Securities and Exchange Commission.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. You need to be constantly assessing mergers and acquisitions, as well as divestitures. These days, the market is moving so fast that it is rarely adequate to rely only on internal development to keep up with change.

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Musk Ends Remote Work At Twitter, Demands 40 Plus Hours At Office

socalTECH

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. READ MORE>>.

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