socalTECH

JANUARY 27, 2009

Fox Interactive Media has reportedly laid off a number of staffers, and is restructing its MySpace unit, according to a report in the Wall Street Journal. The WSJ reports that News Corp's Fox Interactive Media division laid off about 5 percent of its work force, or about 100 people.

Media 100

Media Report Layoffs Journal 100

socalTECH

NOVEMBER 6, 2015

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M in the same quarter in 2014.

Demand 100

Demand Content eHow Media 100

socalTECH

SEPTEMBER 29, 2011

Irvine-based Specific Media has cut a small amount of its staff, as it continues to absorb its buy of Los Angeles-based MySpace. Specific Media would not confirm the exact extent of its cuts, but reports say the cuts were less than 8 percent of the firm.

Media 150

Media Los Angeles Report Sales 150

socalTECH

JULY 30, 2012

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.

Layoffs 124

Layoffs Entertainment Report Los Angeles 124

socalTECH

NOVEMBER 5, 2009

According to the firm, 71 of the employees are being cut from Classmates Media Segment, which includes Classmates.com, with the remaining 25 from its Communications Segment, which includes its dialup service. Tags: layoff jobs employment online united. The cuts are equal to five percent of the firm's overall workforce. in annual costs.

Woodland Hills 140

Woodland Hills Layoffs Media Services 140

socalTECH

NOVEMBER 10, 2022

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

Demand 113

Demand Social Media Report Sites 113

socalTECH

FEBRUARY 5, 2019

The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. READ MORE>>.

Report 127

Report Southern California Media Content 127

socalTECH

OCTOBER 16, 2018

Jaunt's backers include Disney, Evolution Media Partners, and China Media Capital (CMC). However, in a blog posting , Jaunt said it is "letting go of a significant portion of our staff." Jaunt is based in San Francisco. READ MORE>>.

Content 113

Content Los Angeles Blogging Media 113

socalTECH

MARCH 2, 2011

It appears that Google's changes have hit Mahalo much worse than neighboring Santa Monica content publisher Demand Media , which said last week the change did not have a "material impact" on its Content and Media business. The move also includes a suspension of Mahalo's Guides program, which solicited content from freelancers.

Mahalo 133

Mahalo Report Santa Monica Google 133

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JANUARY 24, 2013

Relic Studios goes to Sega Corporation for $26.6M; Volition and Metro: Last Light went to Koch Media GmbH for $22.3M THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. and $3.3M.

THQ 153

THQ Sales Agoura Hills Agoura 153

socalTECH

NOVEMBER 24, 2008

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. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff.

Buzznet 100

Buzznet Report Anthem Redpoint 100

socalTECH

DECEMBER 17, 2008

As part of the cuts, the firm also said it would reduce compensation of the firm's executive officers, board of directors, and senior management; cut manufacturing and use of temporary workers; close a hard drive manufacturing facility in Thailand; and close a media substrate manufacturing facility in Malaysia.

Orange County 100

Orange County Demand Media Product 100

socalTECH

SEPTEMBER 29, 2008

Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. Uber blamed the crisis in the economy for the shutdown.

Slides 100

Slides Social Network Web Blogging 100