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Insights and Opinions: A Cynic Predicts IT and Media in 2011

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For today's Insights and Opinions section, where we share the thoughts and insights of local technology thought leaders, we have an article from Tony Greenberg , CEO of Ramprate on A Cynic's Prediction of IT and Media in 2011. Markets will stay irrational longer than companies stay solvent. READ MORE>>.

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True(X) Media Finds $6M

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Los Angeles-based True(X) Media --which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round. The company has now raised over $50.85M in funding since 2008. truex media socialcibe svnetwork venture capital online advertising technology' READ MORE>>.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M.

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Demand Media Names Domain Spinoff, Appoints Execs

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Santa Monica-based Demand Media said this morning that it has come up with a name for its domain name services group, which it is in the midst of spinning off into an independent company. Demand Media said the new company will be named Rightside Group, Ltd. , demand media domain name rightside group domainer spinoff'

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Viant, Owner of Specific Media and MySpace, Acquired By Time Inc.

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Irvine-based Viant , the parent company of Specific Media and Myspace , has been acquired by publisher Time Inc. , the companies said this morning. Viant, which is led by Tim Vanderhook, was founded in 1999 as Specific Media, and acquired Myspace back in 2011. Financial details of the asset deal were not announced.

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Report: Hulu Hires Guggenheim Partners To Sell Company

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A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. Guggenheim is the same firm that attempted to sell Hulu in 2011. READ MORE>>. hulu merger acquisition exit content hollywood streaming video guggenheim'

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Southern California Firms Raise $738M In Q4 2011

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The latest numbers from the PricewaterhouseCoopers/National Venture capital Association MoneyTree survey, which is based on data from Thomson Reuters, tallies $738.34M invested in Southern California in Q4 of 2011. Los Angeles had $226.75M invested in companies. The amount is up from $528.0M in venture funding.