Interview: Armstrong On Layoffs: ‘News & Finance Was Losing $20 Million’
AOL (NYSE: AOL) CEO Tim Armstrong warned that layoffs would be coming last week, and today, the pink slips were released. Armstrong spoke ab…
Hyper-Local News: It’s About the Community or It Fails
AOL has agreed to acquire Outside.in, a hyper-local news aggregator, for substantially less than investors put into the company. Like many other experiments in hyper-local news, it failed to connect with the communities it was supposed to be serving, and that is the kiss of death.
Outside.in to AOL’s Patch: Bring It On
Mark Josephson, CEO of hyper-local news aggregator Outside.in, isn’t concerned about AOL pouring $50 million into its Patch.com hyper-local news operation. He says that while they are both going after local advertising, the two services are very different and there’s plenty of room for everyone.
Media-related Venture Activity Is in Bloom in NYC
New York is the capital of media, advertising, and finance, but historically Silicon Valley and Boston have overshadowed New York’s efforts to encourage and fund technology entrepreneurs. In the past two years, this has changed, especially when it comes to media-related ventures.
Hyperlocal Content Network Outside.In Adds Funding
Prepping for the long financial winter, hyperlocal content network Outside.In has secured an undisclosed amount of funding. Previous backers…
Local Content Aggregator Outside.in Gets $3 Million Third Round
Outside.in, an aggregator of local, user-gen content, has raised a $3 million third round from past backers Union Square Ventures, Milestone…