May 5: MySpace-$150M Loss; Google-Invidi; Newsweek for Sale; Facebook-Chat Bug

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Los Angeles - The unit of News Corp. that includes MySpace posted a $150 million loss in the company's fiscal third quarter, leading Rupert Murdoch to remark that "during the last two or three years, I think we made some big mistakes," according to PaidContent's coverage of the company's earnings call with reporters. [more..]
New York - Invidi Technologies, a developer of targeted TV advertising technology, announced on Wednesday that it has secured over $23 million in a new financing round led by Google.
[more..]
Washington - Nearly 50 years after first acquiring the weekly news magazine, The Washington Post Company said on Wednesday that it is exploring the possible sale of Newsweek. [more..]
Mountain View, Calif. - Google on Wednesday unveiled a new look and added features to its search results pages, including a sidebar that will allow users to refine searches. [more..]
Palo Alto, Calif. - Facebook has disabled its chat function after a bug was found to allow contacts to view a user's live chats and pending friend requests, TechCrunch reported. [more..]
New York - Performing rights organization ASCAP said it collected over $995 million in royalties on behalf of its 380,000 songwriter and music publisher members in 2009, and paid out $863 million to members. [more..]
Chicago - Groupon, the provider of a network of daily deal newsletters, announced on Wednesday that it has acquired mobile application developer Mob.ly, and opened a new office in Silicon Valley. [more..]
Seoul, Korea - Nexon, a Korea-based online game publisher, has acquired a 67% controlling interest in Korean game developer NDOORS, VentureBeat reports.
[more..]
Columbia, Mo. - Newsy, a unit of Media Convergence Group that offers a multi-source video news service, announced on Wednesday that it has raised $2 million in its second found of funding, from angel investors. [more..]
San Jose, Calif. - ActiveVideo Networks, a provider of cloud-based interactive TV technology, announced on Wednesday that it has acquired TAG Networks, the developer of a TV-based games platform. [more..]
Minneapolis - Digital River, a provider of e-commerce services for game publishers and gadget makers, announced on Wednesday its acquisition of Fatfoogoo, a European provider of in-game and online commerce services, in a deal valued at $10 million. [more..]
Los Angeles - GoTV Networks, the operator of a mobile media network, announced on Wednesday that it has acquired the Hands-On Mobile Binary Runtime Environment (HOMBRE) unit of Hands-On Mobile. [more..]
New York - AudienceScience, a provider of audience targeting for digital marketing, announced on Wednesday that it has acquired Consorte Media, an Hispanic digital ad network.
[more..]

DMW Notice Board

International Game & Film Lounge, Los Angeles, June 14, 2010
Together with our friends at Variety and Nordic Game, we
are pleased to announce the agenda for our second annual pre-E3 transmedia event. This year's event features two keynotes, demos and a showcase as well as 6 panels and bustling after-party by the pool! We invite you to join an exclusive group of decision-makers at the event and take part in the discussion with executives, investors, analysts, press, filmmakers and gamers who will be instrumental in shaping the future of the game and film business. We are accepting speaker submissions and offering sponsor/exhibit opportunities now. Please contact Event Director Jay Baage via email (jay@digitalmediawire.com) for more information. Speakers last year included Jeff Gomez of Starlight Runner Entertainment, Transmedia Producer who worked on the world's most successful movie, Avatar, and many other Hollywood projects, Navid Khonsari, Director of the multi-million selling "Grand Theft Auto" video game series and Mattias Bergbom, Academy Award winning CGI Producer for "The Curious Case of Benjamin Button."

Register now
for only $299 until May 14. Limited number of tickets available. This event will sell out!

Briefly Noted

London - Google users in the U.K. are now able to register Gmail.com email addresses, following the settlement of a trademark lawsuit with British research firm Independent International Investment Research. [more..]
Dallas - AT&T on Wednesday launched U-verse Online, a new companion website for its digital TV service that will let subscribers watch select streaming TV shows and movies on their PCs. [more..]
London - Veteran U.K. music magazine NME on Wednesday announced the launch of NME Breakthrough, a new website powered by Webjam that lets artists upload songs and music videos, and engage with fans and NME.com's 4.2 million unique users. [more..]
Arlington, Va. - The Consumer Electronics Association (CEA) on Wednesday named 13 new inductees to its Consumer Electronics (CE) Hall of Fame. [more..]

Extras


Job/Event/Marketplace Classifieds


- Gannett Digital - McLean
- VMIX MEDIA INC - San Diego, CA
- Socialcast - San Francisco, CA
- Zynga - San Francisco
- Synacor - Buffalo, NY
- Live365 - Foster City
- Amazon.com - Seattle, WA

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Ned Sherman: CEO, Publisher & Editor-in-Chief ned@digitalmediawire.com
Paul Sherman: Co-Founder & Executive Editor psherman@potomactechwire.com
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Mark Hefflinger: DMW Newsletter Editor mark@digitalmediawire.com
Joakim Baage: VP, Content and Business Development: jay@digitalmediawire.com
Duan Li: Assistant Marketing Manager duan@digitalmediawire.com

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