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A report this morning from Business Insider says that Irvine-based Specific Media , the parent company of MySpace , is seeking to raised $50M to turn MySpace into a "Spotify killer". The report says that Specific Media is hoping to re-launch MySpace as a competitor to both Pandora and Spotify, two popular streaming music services.
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A report Wednesday afternoon says that Los Angeles-based streaming mediasite 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>>.
Demand Media , the online media publishing firm headed by Richard Rosenblatt, reported record revenues and profitability, the firm said Monday afternoon, as its released its third quarter results. The firm's total revenues grew to $98.1M, up 20 percent from Q3 of 2011 when it reported revenues of $81.5M.
Online publisher Resignation Media , the publisher of the humor site TheChive is leaving Los Angeles, and is moving its operations to Austin, according to a report Tuesday. Resignation Media was based in Venice Beach, and publishes a series of mostly male-focused (women, funny videos, humor) websites. READ MORE>>.
This is an interesting combination of media and online website, can you talk about the strategy there? We broadcast a launch video, which describes the dream job, and if you want to apply, you can create your own video on why you should have the job, and use the power of social media to get that job by getting as many votes as you can.
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Los Angeles-based streaming mediasite Hulu.com said Tuesday afternoon that two of the firm's most popular shows, The Daily Show, and The Colbert Report, are being pulled from the site. Tags: hulu daily show colbert report. PST on Tuesday, March 9th. READ MORE>>.
Los Angeles-based MySpace , the once dominant social networking website, has been sold to Irvine-based Specific Media , the online advertising network, in a deal reportly worth $35M. According to Specific Media, News Corporation will take a minority equity stake in Specific Media as part of the deal. READ MORE>>.
Santa Monica-based Demand Media , the online publishing firm headed by Richard Rosenblatt, is expected to hit the public markets late next week, according to a report today from AllThingsD. Citing "numerous" sources, the report says that Demand will launch its public offering late in the week, as the firm completes its road show.
Santa Monica-based Demand Media , the online content publishing firm run by Richard Rosenblatt, reported its second quarter 2012 financial results on Tuesday afternoon, saying that both its revenues and pageviews grew from year to year. Demand Media said it had total revenues of $93.1M
The product development team behind Yahoo's news site, Yahoo News , has reportedly been moved to Taiwan , AllThingsD reported this morning. The move is the second one for product development at Yahoo News, which was previously located at Yahoo's media operations in Santa Monica. Yahoo's editorial team remains in Santa Monica.
The assets of ill-fated online video site Veoh have reportedly been sold to 2Peer Ltd., operator of mediasite Qlipso , according to a report from VentureWire. Details on the sale have not been released. Qlipso is headed by former Foundation 9 Entertainment co-founder Jon Goldman.
Santa Monica-based Demand Media has been sued by Chip Meyers, the founder of Mania.com, according to a report today from paidContent.org. from Demand, over Demand Media' acquisition of his site in 2007. Tags: demand media lawsuit chip meyers mania merger acquisition legal.
Santa Monica-based Demand Mediareported its results Thursday, saying that it had a net loss of $5.6 in revenues the firm reported in Q1 of 2010. Demand Media said the revenues numbers were driven by continued momentum from its owned and operated sites. million on revenues of $79.5M.
Los Angeles-based SheKnows , the online women's publishing community and site which is part of Evolve Media Corp.'s s AtomicOnline unit, reports today that it is powering a new web site for Patti Stanger, best known for hosting Bravo's The Millionaire Matchmaker. Business details of the deal were not announced.
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What are some good examples of similar sites? Examples of other brands/sites that are similar from a brand perspective? Do you need to process user-contributed media? What about reporting and moderation? Reporting - What needs to be reported? Important note here: reporting can be endless, keep it small.
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Los Angele-based online video site Hulu.com said Wednesday evening that it has reached a content partnership with Viacom, which will return "The Daily Show with Jon Stewart" and "The Colbert Report" to Hulu. Financial terms of the deal were not disclosed. Those shows include Jersey Shore, Tosh.0, READ MORE>>.
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CoreLogic explains that the new site comes as a result of increase in natural catastrophes such as the Northern California wildfires. CoreLogic said the site will focus on risks from earthquakes, floods, hurricanes, severe convective storms, wildfires, wind and volcanic activity. billion for those areas.
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Online women's publishing site SheKnows has bumped into the 50 largest web properties in the U.S., the site said this week. Citing numbers from th ecomScore July 2012 report, the Los Angeles-based site--which is part of AtomicOnline--said it now has nearly 25 million readers. READ MORE>>.
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 mediasite focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.
Santa Monica-based Demand Mediareported its quarterly earnings Monday afternoon, revealing a precipitous decline in the company's content revenues. Demand Media said that its Content and Media revenues dropped 40%, from $22.5M The firm most recently sold online humor site Cracked in April as part of that shift.
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