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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.

Layoffs 124
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Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner

TechCrunch LA

Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head Jay Sammons to invest in business across consumer products, hospitality, luxury, digital commerce and media, the Wall Street Journal first reported. Jenner will be joining SKKY as a partner, the Journal reported.

Equity 299
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UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

TechCrunch LA

locations — Los Angeles, New York and Washington, DC. Coupled with the launch of a new networking application called AllBright Connect and the company’s AllBright Magazine, the women’s networking organization is on a full-on media blitz.

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Variety Acquired By Penske Media

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The bible of entertainment industry news, Variety , has been acquired by Internet entrepreneur Jay Penske, via his firm, Penske Media , the companies said today. Penske Media owns such online publications as Deadline, HollywoodLife, BGR, and TVLine MovieLine, a number of which are major competitors to Variety.

Media 150
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Mail.com Buys Entertainment Blog

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Los Angeles-based Mail.com Media Corporation , which operates the email service Mail.com, said today that it has acquired an entertainment focused blog, DeadlineHollywoodDaily.com. DeadlineHollywoodDaily.com was founded by Nikki Finke, a former Newsweek, Los Angeles Times, and New York Magazine writer and reporter.

Blogging 100
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BUZZMEDIA Buys Spin

socalTECH

Los Angeles-based digital media and entertainment publisher BUZZMEDIA announced this morning that it has acquired venerable SPIN Media , the publisher of Spin Magazine, the 25 year old brand known for its coverage of music and culture. Financial terms of the buy were not announced by the companies.

Buzznet 133
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BUZZMEDIA Revs Editorial Hires

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Los Angeles-based digital media publisher BUZZMEDIA looks to be revving up its hiring on the editorial end of its business, saying Tuesday that it has hired nine staffers across its sites Celebuzz, and SPIN. The firm said the expansion of its staff will further expand the brands.

Buzznet 153