Jonathan Tisch, chairman of Loews Hotels, is backing Walnut Hill Media, a new media media investment fund that will also get involved on the creative side. The New York-based firm will invest in traditional media (film, TV, etc.) as well as online media. Its initial investments are a bit...
I recently observed firsthand how well Discovery (NSDQ: DISAB) Channel content works internationally? Now the network is expanding its use of YouTube to reach global viewers. The network which recently became fully public, will launch a series of localized channels on YouTube to promote popular shows, like MythBusters. Meanwhile,...
Stocktwits, a service that aggregates the stocks people are talking about on Twitter, has raised an unspecified angel round from various investors including NYC-based Betaworks, and individuals like Howard Lindzon and Roger Ehrenberg. The opt-in service scans users who put a $ sign in front of a stock ticker....
It looks like perpetually almost-for-sale social news site Digg is going to stay solo for awhile? The SF-based company has just announced a big, $28.7 million third round led by Highland Capital Partners. The company has now raised $40 million, having last raised $8.5 million in late 2006. The...
Swedish publisher Bonnier Corp. has acquired Working Mother Media from MCG Capital and founder Carol Evans. In addition to publishing the Working Mother magazine, the company publishes research like 100 Best Companies for working mothers. Bonnier already publishes Parenting and Baby Talk. Last year, Bonnier's Corp's parent Bonnier Group...
Apparently startups are still using the -ster suffix? The latest is Cramster, a social exam studying site for students, which has just raised $3 million led by investor Mr. Shai Reshef (former chair of test-prep company Kidum, which was sold to Kaplan). The idea is that students on the...
Micropayments, tips for bloggers? The failures of the past haven't deterred everyone. Tipjoy, a Mass.-based Y Combinator alum, has raised a $1 million first round led by Betaworks. Other investors and advisors in this round include The Accelerator Group, David Shen Ventures, Chris Sacca, Taavet Hinrikus and Ron Bouganim....
Baidu (NSDQ: BIDU), the top Chinese search player, has taken a $15 million, 8.3 percent stake in UiTV, a Chinese online TV firm. The strategic investment calls for UiTV to host Baidu's film and movie channel, hosted at movie.baidu.com—the company claims it has the largest legal collection of downloadable...
Barring some 11th hour miracle, it looks like the New York Sun is finished. The NYC daily, launched in 2001, printed its last edition today, as nobody stepped in to throw it a lifeline. Just last week, the company said that while it had raised some money, it still...
File this under: Things Congress does when it's not trying to stave off the next Great Depression. While Congressmen busily worked to construct a mammoth Wall Street bailout (they worked on the weekend, and even past midnight!), the House managed to pass by voice vote The Webcaster Settlement Act,...
Okay, yesterday was kind of a false alarm? the last edition of the New York Sun hit newsstands today. Editor Seth Lipsky has a letter to readers confirming the news. There's also an interactive slideshow called "Seven Years of the Sun". An employee of the paper told us last...
Sure, there's some cheap jokes to be made here, but why bother: NPR.org is the latest big media site to get a fresh coat of social networking. Yesterday, the site launched The NPR Community, a place where fans of the non-profit radio network can create profiles, connect with friends,...
This wasn't much in doubt once the NAB dropped its opposition to it, but the Senate has passed Webcaster Settlement Act, which the House passed a few days ago. The bill gives a little bit of life to internet radio stations, like Pandora, which had warned that if internet...
This is becoming a core music industry argument: Music labels want to get paid when people use or listen to their music. Other parties think the labels need to better appreciate new distribution models as opportunity to promote their music. The labels counter that promotion is great, but they...
The last time we checked in on Reuters, right after the Lehman failure, CEO Tom Glocer maintained his optimism, but admitted that a sustained global depression would not be good for anyone. Since then, there hasn't been much to make the economic picture look prettier. But Glocer is sticking...
In case you haven't been following it, shares of GE have been taking it bad lately. On one side, you have the industrial division, highly exposed to a slowing economy and any difficulty among customers in financing big purchases. The other side is finance, and everyone fears it's sitting...
This is a new one? Local Matters and mobilePeople, two mobile firms that said they would merge back in April, have canceled their deal, and they're blaming market turmoil. Denver-based Local Matters, a provider of mobile search was technically going to acquire Denmark-based mobilePeople, a developer of mobile search...
Gawker Media's Nick Denton is taking a defensive crouch ahead of the gathering economic storm. In a memo to staff first posted by SAI, Denton announced that the blog network would lay off 19 people at certain blogs that have proven difficult to commercialize, including ValleyWag, Consumerist and Fleshbot....
I need a little more practice doing gadget demos? so rather than watching this video as a device demo there are plenty of those elsewhere, see it as a measure of how the device comes off to someone picking it up for the very first time and trying to...
You might not have realized that Wrigley had an online games site, but anyway, they're getting out of the business? The gum and candy maker is selling Candystand.com, a flash games site to newly formed Funtank.com, a sister firm to the company that had been managing Candystand. Candystand is...
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