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Report: ManiaTV Axes Staff

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Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. Tags: employment merger layoff hollywood content acquisition entertainment maniatv. The Deal said Revision3 is rumored to be a possible buyer for the firm.

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BUZZMEDIA Trims Spin Magazine

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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. BUZZMEDIA runs Stereogum, Idolator, XLR8R, and many other popular music and entertainment properties. READ MORE>>.

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60Frames Shuts Down

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Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. Tags: 60frames online entertainment content hollywood studio layoff shutdown. 60Frames had raised $3.5M 60Frames had raised $3.5M

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Friday roundup: More layoffs, venture roundup, growth at firms, and more

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For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. TheWrap --focused on Hollywood and entertainment news-- announced funding from Maveron on Monday.