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LinkedIn's Hoffman Joins Greylock Partners; Fund Raises $575 Million More

PaidContent  Nov 02 09

LinkedIn founder Reid Hoffman has joined Greylock Partners as an investing partner, and the VC firm—which currently backs Pandora and Israeli ad content-creator The Box, among others—has raised $575 million more for new investments. Greylock partner David Sze told VentureBeat that the firm had no trouble raising the new money, despite the lingering credit and cash crunch in the financial markets.

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IAC Writes Down Search Business; Takes $1 Billion Loss For Q4

PaidContent  about an hour ago

IAC (NSDQ: IACI) bit an accounting bullet in Q4, taking a $991 million impairment charge for its search & media business—including Ask and excluding Citysearch.

Trinity Mirror Buying GMG Regional Media For £44.8 Million

PaidContent  4 hours ago

Trinity Mirror (LSE: TNI) still sees value in local newspapers, even if Guardian Media Group doesn’t.

Rusbridger: 'iPad Could Produce Significant Revenue Streams'

PaidContent  4 hours ago

It’s not exactly a great leap from publishing an iPhone app to offering one on the soon-to-be-released iPad - not only will the former will run on the latter; the skillset for developing the latter won’t be significantly different.

Barnes & Noble's Nook Heads To (Most) Stores

PaidContent  7 hours ago

When Barnes & Noble (NYSE: BKS) announced its Nook e-reader in October, the ability to pursue a dual in-store and online sales strategy appeared to be one of the clear advantages it might have over Amazon (NSDQ: AMZN).

Zagat Books A Table With Foursquare; Restaurant Maven Reaches For Mobile App's Cool Factor

PaidContent  7 hours ago

Location-based social net Foursquare is on a roll when it comes to netting high-profile media partnerships.

Redpoint Closes A New $400 Million Fund

PaidContent  9 hours ago

Redpoint Ventures, the VC firm that has backed a long list of digital media companies, including in recent months ad provider Impact Radius and video search engine Clicker, has closed a new $400 million fund.

Research: Internet Has Eaten Newspapers' Ads

PaidContent  9 hours ago

Hark, the herald angels sing! Total ad spend will rise this autumn, after nine consecutive quarters of annual decline, according to an Advertising Association and WARC forecast.

News Corp. Got $12.5 Million In Flixster Stock For Rotten Tomatoes

PaidContent  9 hours ago

News Corp. (NYSE: NWS) received $12.5 million in Flixster stock when it sold its Rotten Tomatoes movie reviews site to the startup last month, according to an SEC filing.

Yahoo Hires Former UMG Exec Bronikowski As New Music Chief

PaidContent  14 hours ago

Yahoo has hired Jeff Bronikowski, who until a year ago was SVP of global digital initiatives at Universal Music Group, as the new head of Yahoo Music, according to Billboard; he is replacing Michael Spiegelman, who is now the senior director of global entertainment and lifestyles products at Yahoo (NSDQ: YHOO).

After Federal Inquiries, Google Cuts Early Nexus One Termination Fee

PaidContent  14 hours ago

Google (NSDQ: GOOG) has lowered its “equipment recovery fee” to $150 from $350 when customers drop its Nexus One phone before their contract with T-Mobile USA officially expires.



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