Myspace owner-Specific Media has laid of a percentage of its staff today, we’ve confirmed with the company. Specific Media said these layoffs took place in sales and operating areas, and was part of a consolidation effort to eliminate redundancies between the two businesses. As Specific Media says in a statement: The company is consolidating forces to ensure greater alignment between its workforce… → Read More
Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company’s sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million.
From what I’m hearing it’s been a rocky morning at the social network, which was bought by Newscorp in 2005 for $580 million. → Read More
The frenzy around online ad networks never stops (maybe because there are so many of them). This morning, Specific Media, announced a whopping $100 million investment by private equity firm Francisco Partners. This follows a $10 million venture round last June led by Enterprise Partners. Specific Media is the fourth largest ad network in terms of audience reach, according to comScore (after… → Read More
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