NEW YORK, Jan 15 (Reuters) – AOL Inc is handing
majority ownership of Patch, a money-hemorrhaging network of
local news websites, to New York investment firm and turnaround
specialist Hale Global, the companies announced on Wednesday.
In a joint venture, AOL will transfer Patch to a new limited
liability company which will be run by Hale Global will. AOL
will retain a minority interest.
(Reuters) – Former AOL executive Jon Brod launched on Wednesday an app aimed at professionals who can send private messages that disappear once they are read.
The new company Confide takes a page from the highly popular Snapchat, the mobile app embraced by teens that allows users to exchange fleeting photos and messages.
NEW YORK (Reuters) – Chinese recycling tycoon Chen Guangbiao dialed back his ambitious plans to buy The New York Times Co just over a week after making his intentions public.
“The level of difficulty is great,” he said through a translator on Tuesday.
NEW YORK (Reuters) – It’s the holiday season and Arianna Huffington, the influential woman behind the popular news website that bears her name, is busy buying sweaters – some 700 of them – as gifts to her employees.
From brands like J.Crew and White + Warren, the sweaters are placed at the desks of The Huffington Post staffers who can swap or trade them before posing for an annual group photo.
NEW YORK, Dec 23 (Reuters) – It’s the holiday season and
Arianna Huffington, the influential woman behind the popular
news website that bears her name, is busy buying sweaters – some
700 of them – as gifts to her employees.
From brands like J.Crew and White + Warren, the sweaters are
placed at the desks of The Huffington Post staffers who can swap
or trade them before posing for an annual group photo.
(Reuters) – News Corp on Friday made its first acquisition as a stand-alone company with the $25 million purchase of social news tool Storyful.
Founded in 2008 and based in Dublin, Ireland, Storyful verifies and manages the rights holders of news and videos on social media platforms such as Twitter in real time.
NEW YORK/SAN FRANCISCO (Reuters) – Photo-sharing service Instagram unveiled a new feature Thursday that allows users to send images and messages privately, as the Facebook-owned company sought to bolster its appeal among younger consumers who are increasingly using mobile messaging applications.
The new Instagram Direct feature allows users to send a photo or video to a single person or up to 15 people, and to have real-time text conversations.
NEW YORK (Reuters) – Online music-streaming service Spotify on Wednesday launched a free music service for smart phones and tablets as it tries to hook a fast-growing group of users keen to stream tunes on their mobile devices.
Spotify offers free music on desktop computers with advertising but customers previously had to pay for on-demand connection on their mobile devices.
Dec 11 (Reuters) – USA Today, nicknamed “The Nation’s
Newspaper,” is getting local.
Gannett Co, the parent company of the nationally
distributed newspaper, announced on Wednesday that it planned to
include pages of USA Today in 35 of its local community papers
after a fall test proved successful.
NEW YORK (Reuters) – Media company Meredith Corp plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spin-off, the company’s chief executive officer said in an interview with Reuters on Monday.
“We are putting together a hit-list of (TV) properties and working with owners,” CEO Stephen Lacy said.