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Demand Media Unloads Cracked For $39M

socalTECH

Santa Monica-based Demand Media has sold Cracked , its online humor site, to the E.W. According to Demand Media, the move will give it a "more focused portfolio of businesses", and also "significantly" strengthen its balance sheet. Demand Media acquired Cracked in 2007. READ MORE>>.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

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WD Sells Factory

socalTECH

According to WD, the sale is part of an effort by the firm to "realign its cost structure" to match softer demand for its products. WD's Sarawak, Malaysia facility manufactured aluminum substrates for magnetic media, and was originally part of Komag, which was acquired by WD in September of 2007.

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Cohu Cuts Back Headcount, Cuts Pay

socalTECH

Cohu, which detailed the cost cutting moves as part of its quarterly results, said its sales dropped to $41.4M in the similar quarter in 2007. The firm said that the global financial crisis has results in "sharply reduced demand" for semiconductors, which has affected the firm's customers.

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Interview with Wes Brodsky, SaveFans

socalTECH

Educate us, and explain what's different about how you are handling ticket sales and how that's different from the many others out there? There is no real room for negotiation, or to let demand drive the pricing on the buyer side. The reason why, is the StubHub did a good job legitimizing secondary sale of tickets.

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How ConsumerTrack Has Created A Growing, Profitable--and Mostly Unknown Business

socalTECH

We worked together for four years, and I ended up heading up media buying at that company, and he headed up sales. We rode that wave through 2007, until the housing market crashed, and we had to adapt. We became friends, and found we were both very like minded, goal oriented, and had the same core values.

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Interview with Loren Bendele, Savings.com

socalTECH

Loren Bendele: We started in March of 2007. We definitely benefited from consumers hungry for a deal and merchants hungry for sales. We were able to sit in the middle of that, and benefit from both demand and the supply of deals. What's the story behind Savings.com? More recently, we've been focused on deal overload.

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