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

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TheWrap Takes On Hollywood News

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Hollywood-based TheWrap.com , a new online news site focused on entertainment and media, said it launched today, backed by venture capital firm Maveron. According to the firm, it will feature original reporting, "curated news", and contributions from insiders in the entertainment industry. READ MORE>>.

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DreamJobbing Launches To Find Users Dream Jobs

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Wish you could be a VH1 reporter, television producer, or other dream jobs? Los Angeles-based DreamJobbing said this week that it has launched a new online site--and associated, television effort--which will give anyone a chance at a "dream job" by harnessing their social media and on-camera skills. READ MORE>>.

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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.

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

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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>>.

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Report: Buzznet Chops Staff

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Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.

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BuzzFeed Ramps Entertainment Coverage In LA

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The intersection of Hollywood and online publishing looks to be helping grow jobs in Los Angeles in the online content area. The latest move in that area comes from online viral content publisher BuzzFeed , which is apparently ramping its operations in Los Angeles, as part of effort by the site to expand into entertainment coverage.

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