Media News

PicsArt App Raises $20 Million in Funding (April 20, 2016): The PicsArt app has raised $20 million in funding to target growth in China and Japan.

Verizon and Hearst Enter Agreement to Acquire Complex (April 18, 2016): Verizon and Hearst have announced a joint agreement to acquire Complex in a 50/50 ownership structure. Rich Antoniello will remain CEO.

BuzzFeed Cuts 2016 Revenue Projections After Missing 2015 Target (April 12, 2016): BuzzFeed reportedly lowers its 2016 revenue projections by 50% after missing its 2015 revenue target.

Pacific Magazines Shutters Famous Magazine and Launches FamousLive (April 11, 2016): Pacific Magazines has closed the Famous print magazine and launched a digital ceelbrity site called FamousLive.

Mashable Announces Layoffs, Scraps World News and Politics Coverage (April 7, 2016): Mashable has announced layoffs. Most of the layoffs are editorial jobs covering general news and politics.

This Old House Brand Acquired From Time by Eric Thorkilsen and TZP (April 4, 2016): This Old House has been acquired from Time INc. by Eric Thorkilsen and the TZP Group, a private equity fund.

Time Inc. Launches Women's Site Called Motto (March 23, 2016): Time Inc. has launched a site called Motto. The new site is targeted at millennial women.

Instagram Announces Move to Algorithmic Feeds (March 15, 2016): Instagram has announced a move to an algorithmic feed. This is similar to what Facebook does with its feed.

Fandango Acquires Flixster and Rotten Tomatoes (March 10, 2016): Fandango announced it has signed an agreement to acquire both Flixster and Rotten Tomatoes. Rotten Tomatoes includes the popular Tomatometer ratings.

SNL Cold Open: Jason Sudeikis Returns as Mitt Romney (March 6, 2016): Jason Sudeikis returns as Mitt Romney in hilarious SNL Cold Open. Mittens has a strong message for Donald Trump.

Time Inc. Now Owns Myspace (February 12, 2016): Myspace has fallen into the hands of Time Inc. It was part of the purchase of the assets of Viant.

Rand Paul Drops Out of 2016 Presidential Race (February 3, 2016): Rand Paul is dropping out of the GOP race to be president. He drops out after receiving 4.5% of the vote in the Iowa caucuses.

Hillary Clinton Named Winner of the Iowa Democratic Caucuses (February 2, 2016): Hillary Clinton has officially been named the winner of the Iowa Democratic caucuses.

Lincoln Chafee Drops Out of Democratic Presidential Race (October 24, 2015): There is one less contender for president on the Democrat's side. Lincoln Chafee is dropping out.

Time Acquires HelloGiggles Site for Rumored $30 Million (October 22, 2015): Time has acquried the HelloGiggles site. Rumors put the purchase price at around $30 million.

WriteNews.com