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Penske Media Names COO

socalTECH

Los Angeles-based Penske Media Corporation , which owns such media brands as Variety, WWD, Deadline, Indiewire, and other online and offline publications, says it has named George Grobar as its new Chief Operating Officer. He also previously served at Unisys Corporation. READ MORE>>.

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Tech Coast Angels: 7 New Deals, 17 Follow-On Investments In 2009

socalTECH

The Tech Coast Angels said today that the angel group invested in seven new deals, and seventeen follow-on deals in 2009, a total of $4.7M The group said that as part of those deals, its portfolio companies raised an additional $57M in funding from venture capital groups and other angel investors. in investments.

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Evolve Media Buys RealityTea.com, WebEcoist.com

socalTECH

Los Angeles-based Evolve Media Corp. , the parent firm of AtomicOnline, SheKnows, and a network of other digital media sites, announced this morning that it has acquired two sites-- RealityTea.com , focused on reality entertainment, and WebEcoist.com , a green living site. Financial terms of the acquisition were not disclosed.

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Demand Media Alum Gets $100M For Domain Registrar

socalTECH

A brand new, domain registration startup headed by a set of ex- Demand Media executives, has just raised an astounding $100M for its efforts. He continued to serve at Demand Media until 2009. says it is headquartered in Bellevue, Washington, and also has operations in Los Angeles and elsewhere. Donuts Inc. Donuts Inc.

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Break Media Launches New Game Front

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Continuing its push into original content, Los Angeles-based Break Media said today that it has launched a comprehensive redesign of Game Front , its online video game site, to add new, original editorial content, videos, and commentary to the site. Break acquired Game Front from Ziff Davis back in 2009, when it was known as FileFront.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc.

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Tsavo Media Sold For $75M

socalTECH

Los Angeles-based online media firm Tsavo Media , which was founded by Mike Jones, founder of Userplane and current co-President of MySpace, has been sold for $75M to a Canadian firm. Tags: tsavo media merger acquisition content publishing software. Tsavo was backed by American Capital. READ MORE>>.

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