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  • Ignition Leads DailyBooth $6M Fund Drive
    DailyBooth Inc. announced a $6 million Series A round of financing led by Ignition Partners, as well as continued participation from Sequoia Capital. ...
  • Forum Fan CrowGather Finds $7.85M
    Publicly traded online forum owner CrowdGather said Friday that it raised $7.85 million. While the company already claims to own over 65,000 forums, chief executive Sanjay Sabnani said he pla ...
  • Gilt Eying $100 Mil At $1 Bil Valuation
    Ecommerce company Gilt Groupe, is in the process of raising $80 million -$100 million at a $1 billion valuation, sources tell Business Insider. The news comes on the heels ...
  • Zynga Nears Funding, $10 Bil Valuation
    Social gaming company Zynga is about to complete a new funding round worth $500 million, and at a valuation of $10 billion, sources tell BoomTown. "The round includes big institution ...
  • Vitrue Raises $17M, ex-Facebook Exec Named Special Advisor
    To better position itself at the nexus of advertisers' interest in social media, Vitrue has raised $17 million in Series C financing, the social media services provider is expected ...
  • GetJar Gets $25M More In Funding
    Independent mobile app store GetJar has secured another $25 million in a third-round funding led by Tiger Global Management with participation from prior investor Accel Partners. ...
  • Cooliris Gets A Cool $9.6 Mil
    Multimedia browser plugin Cooliris has secured $9.6 million in Series C financing from Kleiner Perkins Caufield & Byers, along with Deutsche Telekom's T-Venture, The Westly Group and DAG Ventures. T ...
  • Is Twitter's Valuation Real?
    Word that Twitter raised another $80 million, along with new valuations of $8 billion-to-$10 billion, has everyone talking tech bubbles -- or at least reassessing the value of today's te ...
  • Mediacom Board Recommends Commisso's Offer
    Shareholders of top-10 cable operator Mediacom will vote on accepting the CEO's offer to buy them out and take the company private early next month. The offer from CEO Roc ...
  • Mark Cuban Invests In Revision 3
    Web video network Revision 3 on Tuesday disclosed a recent round of funding, including capital from Dallas Mavericks owner Mark Cuban. Revision 3 sees Cuban's investment as a ringing endorseme ...
  • LinkedIn Goes Public As Profitable Entity
    After years of build-up, LinkedIn has finally filed to go public at a likely valuation of $2 billion. The social-networking site for professionals is hoping to raise up to $1 ...
  • TV Studios Co-Finance With Foreign Broadcasters
    It's not just about selling individual shows to foreign broadcasters that keeps the Hollywood majors hopping around the globe to mint money. Their international channels are starting to bring ...
  • Hot Off The Press: 'Boston Globe' Bid Finds Backers
    People are still willing to invest in newspapers, despite the medium's well-publicized woes, judging by the latest development in the proposed sale of The Boston Globe by owner The N ...
  • Fox, Sinclair Extend Carriage Agreement
    As the Sinclair station group continues to wrangle with Time Warner Cable about a payment plan, a new affiliation deal with the Fox network, which extends its deal through t ...
  • Centro Raises $22M, Expands Sales, Media Buying
    Centro, which operates a national platform for placing online ads in local Web sites, has raised an additional $22.5 million to expand its sales force. The goal is to bett ...
  • Access 360 Gains $12 Million To Expand OOH
    Digital out-of-home companies are garnering mid-sized investments from venture capital firms. Access 360, which acquired Arena Media Networks in April 2010, says it is using newly raised funds for mo ...
  • Hefner Takes 'Playboy' Private
    Playboy Enterprises is going private, following an announcement that Icon Acquisition Holdings (an investment group run by Playboy founder Hugh Hefner) will buy the beleaguered mag publisher for $6.15 p ...
  • AMI Gets OK For Bankruptcy Reorg
    American Media Inc. is having a relatively smooth Chapter 11 experience. The company, which publishes National Enquirer, Men's Fitness and Shape, among other titles, got approval from the U.S. Bankrupt ...
  • Clear Channel Exploring Debt, Credit Options
    CC Media Holdings, the parent of outdoor and radio giant Clear Channel Communications, this morning issued a statement saying it is "exploring a diverse array of alternatives in an effo ...
  • Major League Gaming Received $10M In Financing
    Major League Gaming, a provider of cross-platform online video game competition, got an initial close in a $10 million financing commitment to be completed in the first quarter of 2 ...
  • Payback: Tribune Managers May Have to Give Up $180M
    What little benefit accrued to Tribune employees from the ill-fated 2007 buyout may now be erased, as lawsuits seek the return of $180 million in payments from stock purchases ...
  • College Students In Hock
    According to a new analysis of National Center for Education Statistics data by the Pew Research Center, graduates who received a bachelor's degree in 2008 borrowed 50% more than the ...
  • Comcast Stock Surges As NBC Merger Nears
    Comcast hit a 52-week high today after analyst Craig Moffett of Bernstein Research upgraded the cable company to a buy rating and raised his target price to $26 from $2 ...
  • Quadrangle Group Shutters Media Ops
    One of the highest-profile private-equity investment firms operating in the media sphere is closing up shop. Quadrangle Group is preparing to disband, marking the demise of the company behind t ...
  • Freedom Communication Evaluates Buyer Bids
    Freedom Communications is entertaining offers from would-be buyers for some of its properties, which include newspapers and TV stations. It would not name the bidders or what properties they express ...
  • Bollore's Stake In Aegis Is Reduced, Move Follows Mitchell Acquisition
    French financier Vincent Bollore appears to have had his position in Aegis Group reduced to a 26.6% stake of the British agency holding company's voting shares, according to a notificati ...
  • 'National Enquirer' Publisher Files For Bankruptcy
    American Media Inc, publisher of the National Enquirer, Shape and Men's Fitness, filed on Wednesday for Chapter 11 bankruptcy protection. The "prepackaged" bankruptcy is designed to allow American Media ...
  • Read All About It: Zell Resigns As Tribune Chairman
    Sam Zell, the billionaire real estate mogul who engineered the disastrous 2007 buyout of Tribune Co., said he will resign his position as chairman shortly after the company exits bankrup ...
  • Media M&A Pricier In 2010
    Rising fortunes in the stock market have translated into higher prices for media mergers and acquisitions this year. EBITDA rose 50%. Some of the big deals include Filmyard's purchase ...
  • Tribune Meltdown: More Lawsuits, More Departures
    This may be remembered as the week Tribune Co. finally imploded, with more top execs joining a high-profile exodus and creditors filing two lawsuits against members of the current a ...