Jason Goldberg, the chief product officer of Xing, the European biz social network that Burda just bought a big stake in, is leaving the company with this deal, about 12 months after his social news startup Socialmedian was sold to the Germany-headquartered company. The Socialmedian sale price at that point was about $4 million in cash and stock, and a performance-based earn-out valued at between €500,000 and €2.5 million, payable over three years, which likely means Goldberg didn’t get much out of the earnout, understandable in a horrible economy like this. He tells me: “I am leaving amicably and as a shareholder,” which means some cash-out opportunities ahead. 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.
Ryan O’Hara, who stepped down as TV Guide Network president Feb. 5, has been named president and CEO of Topps, the trading card and media company owned by former Disney (NYSE: DIS) CEO Michael Eisner and Madison Dearborn Partners.
» 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.