• Myspace Owner-Specific Media Hit With Layoffs

    Myspace Owner-Specific Media Hit With Layoffs

    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… Read More

  • Myspace Acquired, CEO Out: Email From Mike Jones To Employees

    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 Year In Online Video Deals And What To Expect In 2011

    With the recent rumor that Google’s YouTube unit was looking at acquiring video content company Next New Networks, it’s clear that anything can happen in the rapidly growing online video space.  While some are shocked to see that Google may cross over and own content, the rumor does sound plausible. Loaded with nearly $25M in venture financing, it’s not quite the initial… Read More

  • More Ad Network Deals—Specific Media Raises $100 Million, AOL Close to Buying Quigo For $300 Million

    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… Read More