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New Owner Looks To Sell Tsavo Media, Sees Yahoo Penalty Fees

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The new owner of former Los Angeles startup Tsavo Media , Canadian-firm Cyberplex , said today that it is looking for "strategic alternatives" for the unit of the firm, after a fiasco involving Yahoo's traffic quality reporting system. million, due to Yahoo's indication that Tsavo was sending it "low quality" traffic.

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Tsavo Media Sold For $75M

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Los Angeles-based online media firm Tsavo Media , which was founded by Mike Jones, founder of Userplane and current co-President of MySpace, has been sold for $75M to a Canadian firm. According to Toronto-based Cyberplex , it is acquiring Tsavo and its 300 consumer websites for $75M. Tsavo was backed by American Capital.

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Tsavo Loses Macadaan

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Santa Monica-based Tsavo , the online media company which owns Manolith, Twirlit, Kidglue, and Nibbledish, has lost its Vice President of Product and Design, Mike Macadaan. Macadaan is well known in the Los Angeles technology community for creating and running Twiistup, the popular Los Angeles technology networking and startup showcase event.

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Wittlebee's Percival Surfaces At Topix

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Sean Percival , the founder of Wittlebee and former MySpace, Tsavo Media, Docstoc, and Mahalo executive, has surfaced at hyperlocal news site Topix as VP of Marketing. Percival, who had been very visible in the Los Angeles technology scene, had left Los Angeles in July seeking new pastures.

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Ranker Names COO, Taps Jones For Board

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Los Angeles-based Ranker , the online service which allows anyone to list and rank things on any topic, said today that it has named Mani Dhillon as Chief Operating Officer, and tapped former MySpace CEO Michael Jones for its board. Ranker said it is now getting around 4.5 million monthly unique visitors. READ MORE>>.

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MySpace Names Jones, Hirschhorn To Exec Team

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News Corporation said a few minutes ago that it has added two new executives at MySpace , and is tapping Tsavo Media's Michael Jones as Chief Operating Officer and Sling Media's Jason Hirschhorn as Chief Product Officer. Both are in Los Angeles. READ MORE>>.

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DONE Ventures Gets Trial Date In NBC Suit

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Los Angeles-based DONE! Padnos sold BetterPPC in September of 2008 to Tsavo Media, the startup which was started by current MySpace president Michael Jones. NBC apparently agreed to sell the domain, based on emails included in the lawsuit, but then backed out at the last minute on the sale.

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