The bloodbath in media continues, and this time, at the West coast entertainment trades. We have learned that Hollywood Reporter has done a new round of major layoffs, and about 17 people in total were laid off. It includes people in editorial, art and production, and no senior business executives were affected, as far as we know. Also, no changes yet in the print frequency, though I would expect them to be looking hard at the print product as it exists now. The news was first reported by DHD, and no, the layoffs don't constitute half of THR, but less than that.
Also, at Variety, which is in the process of being sold (or not) as part of Reed Business, some more cuts as well, as the publication has closed its DC bureau. Full story...
SpinVox’s CEO Christina Domecq had to pay back £125,000 to the company after an investigation in to her use of corporate finances, according to a detailed 70-page filing made by new owner Nuance to the SEC.
» What the ad revenue generated from SI swimsuit edition means fiscally for the rest of the year.
Google (NSDQ: GOOG) is trying once again to make a social play with the introduction of a new service that makes it easy for users of its products to post and share updates online.
With Facebook’s Beacon ad targeting debacle a distant memory for most, Tim Kendall, Facebook’s director of monetization, tried a soft sell on publishers and marketers at Borrell Associates’ Local Online Advertising Conference.
Yahoo (NSDQ: YHOO) is closing yet another of its properties down. The company is shutting down Yahoo Tech, the consumer-focused tech site it launched four years ago.
In case you didn’t get it the first few times, yes, IAC (NSDQ: IACI) Chairman and CEO Barry Diller still believes the search market will consolidate—and no, he isn’t trying to make it happen.
Taking the podium during day two of Borrell Associates’ Local Online Advertising Conference, McClatchy (NYSE: MNI) chairman and CEO Gary Pruitt described his mixed feelings of ease and discomfort standing there.
MySpace has begun rolling out 30-second audio ads, as the News Corp (NYSE: NWS). site continues its shift from a general social network to an entertainment showcase.
Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr. couldn’t have made it more clear - the music industry wants to ween itself off its Apple (NSDQ: AAPL) dependency, and it will get do just that when iTunes comes under massive competition pressure from new unlimited and mobile services…
“Digital growth has slowed following iTunes’ introduction of a variable pricing model in April 2009,” he told analysts on WMG’s Q1 earnings call.