Remove Angel Remove Media Remove Report
article thumbnail

Demand Media Cuts 15, Says Report

socalTECH

Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. According to the report , the cuts included Chief Innovation Officer Byron Reese, and were a result of the abrupt resignation of CEO Richard Rosenblatt last week. READ MORE>>.

Demand 153
article thumbnail

Fullscreen In Talks To Sell Itself To Otter Media, Says Report

socalTECH

Los Angeles-based multichannel content network Fullscreen is in the midst of selling itself to Otter Media , the joint venture between AT&T and The Chernin Group, according to reports. fullscreen otter media chernin group hollywood youtube network video merger acquisition rumor' Fullscreen is led by George Strompolos.

Media 168
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Report: Demand Media Passed Up $1.2B Go Private Deal

socalTECH

Los Angeles-based Demand Media just passed up a deal to go private, according to a report over the weekend from the WSJ's AllThingsD, which says that the firm--headed by Richard Rosenblatt--ultimately decided to pass on the offer from private equity shop Thomas H. Lee Partners. Apparently, T.H. Lee offered up to $1.2

Demand 145
article thumbnail

Los Angeles Becomes YouTube's Content Hub With New Playa Vista Studio

socalTECH

The Los Angeles area is fast becoming the content hub for online video site YouTube , a position that takes advantage of both the LA region's long history in the entertainment business, and the rise of a slew of startups producing content specifically aimed at the YouTube audience. READ MORE>>.

article thumbnail

TrueX Media Acquired For $200M, Says Report

socalTECH

Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox , according to a report from the WSJ this morning. The deal is reported to be worth $200M. TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese.

Report 138
article thumbnail

Report: Hulu Hires Guggenheim Partners To Sell Company

socalTECH

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. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.

Hulu 189
article thumbnail

Media Temple Parent GoDaddy Approaches IPO

socalTECH

The parent company of Culver City-based hosting service Media Temple -- GoDaddy --is getting closer to an IPO, based on reports Wednesday that the company has hired on several investment bankers for its public offering. GoDaddy acquired Media Temple in October of last year. READ MORE>>.