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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. Financial details of the acquisition were not announced. Penske is the son of automotive magnate Roger Penske, owner of automotive firm Penske Corporation.

Media 150
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mobileStorm Dangles $1000 For Employee Tattoos

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Looking to spur a show of company spirit, Jared Reitzin the CEO and founder of email and mobile marketing firm mobileStorm , is dangling $1,000 to any employee who gets a tattoo of the company's logo, and allows him to blog about it--and has tattooed his company logo on his own ankle, in his own show of dedication to his firm.

Mobile 182
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JasonNation Becomes The LAUNCH Newsletter

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Jason Calacanis , the CEO of Santa Monica-based Mahalo.com, told his personal email newsletter readers Friday that he has renamed the newsletter from JasonNation, to the LAUNCH Newsletter. Calacanis said in November that his LAUNCH conference will afford startup with the ability to reach investors and launch products to the world.

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Interview with Tim Sae Koo, HypeMarks

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If you have a friend in the system, you're automatically in, if no you can email admin@hypemarks.com for an invite. What's the biggest thing you've learned so far as an entrepreneur? Tim Sae Koo: As a first time entrepreneur, I've had a fair share of failures along the way.

USC 252
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Mahalo Employee Goes To Jail For Botnet Hacking

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High profile entrepreneur Jason Calacanis, CEO of Los Angeles-based Mahalo , emailed an impassioned note to his mailing list Thursday, which he also posted to his personal blog, detailing how one of the firm's employees has just been sentenced to 48 months in jail for computer hacking.

Mahalo 157
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Interview with Alex Benzer, SocialEngine

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It's like WordPress, but instead of blogging, it provides an online community, which is self-hosted. However Gmail is only private email conversations. The other reason for building it, is LA is crapped on all the time from a press perspective and entrepreneur perspective. SocialEngine is a white-label, community platform.

Startup 242
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Interview with Howard Lindzon, StockTwits

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I ended up passing on the Twitter investment, but I put out a blog post at the time--I was working for CBS--asking if someone would want to build it, and a kid named Soren MacBeth emailed me back saying he'd build it, which started the idea of StockTwits. Generally, I make those when I sleep.

Ideas 248