Media Business News and Trends

Oppenheimer and Co. Inc. has extended its relationship with SunGuard, a provider of software and processing solutions for financial services, higher education, and the public sector.

Posted Jan 06, 2009

Day Software, a provider of global content management software, announced the completion of the sale of MarketingNet Ltd, a UK company active in the agency services business, to WAA Ltd, also a UK company.

Posted Jan 06, 2009

Consumers Union (CU), an independent publisher of Consumer Reports magazine and ConsumerReports.org, has purchased Consumerist.com from Gawker Media.

Posted Jan 06, 2009

Posterous, a website that allows users to post multimedia entries to a blog via email, has secured $725,000 in angel funding, according to reports.

Posted Dec 30, 2008

Chegg.com has raised $25M in Series C funding led by Kleiner Perkins and Foundation Capital with return backers Gabriel Venture Partners and Primera Capital.

Posted Dec 30, 2008

A pilot initiative announced by the Bill & Melinda Gates Foundation will help public libraries in seven states secure faster internet connections so more people can access a full range of online applications and opportunities.

Posted Dec 23, 2008

Information overload costs the U.S. economy $900 billion per year in lowered employee productivity and reduced innovation, according to the latest research from Basex, a provider of research on the productivity of knowledge workers and how technology impacts them.

Posted Dec 23, 2008

Macrovision Solutions Corporation, a digital entertainment technology provider, announced it has reached an agreement to sell its TV Guide Network property to Allen Shapiro and One Equity Partners for approximately $255 million in consideration.

Posted Dec 23, 2008

PixelFish, a provider of video advertising solutions, has acquired Eyespot Corporation for an undisclosed sum.

Posted Dec 23, 2008

XING, a network for business contacts in Europe, announced it has purchased New York-based socialmedian, Inc.

Posted Dec 23, 2008

Scribd, a document uploading and sharing service, received $9 million in second round funding led by Charles River Ventures.

Posted Dec 23, 2008

Morningstar, Inc., a provider of independent investment research, announced it has acquired Tenfore Systems Limited, a global provider of real-time market data and financial data workstations based in the United Kingdom.

Posted Dec 19, 2008

Gale, part of Cengage Learning, has acquired HighBeam Research, Inc., producer of the HighBeam Research Library and the online reference site Encyclopedia.com.

Posted Dec 19, 2008

BlueCielo ECM Solutions, a software company offering Engineering Content Management (ECM) solutions, announced that it has acquired 49 percent of PONTODOC Soluçoes de Gerenciamento Ltda, a company specializing in the implementation of ECM solutions based in Santo Andre, Sao Paulo, Brazil.

Posted Dec 16, 2008

Anvato Inc., a provider of content protection and contextual advertising, announced it has raised $2 million of $4 million in Series A funding.

Posted Dec 16, 2008

Lycos Europe shareholders voted to liquidate the business.

Posted Dec 16, 2008

NetShelter Technology Media announced that it has closed an $11.1 million Series A round of financing from Rho Canada, GrowthWorks Canadian Fund, and JLA Ventures.

Posted Dec 16, 2008

Alfresco Software, an open source alternative for enterprise content management, and Joomlatools, a software development and services company, announced an integration based on Content Management Interoperability Services (CMIS).

Posted Dec 12, 2008

Tumblr, a publishing platform and social network offering, announced that it has closed a Series B round of financing.

Posted Dec 12, 2008

Morningstar, Inc., a provider of independent investment research, announced it has acquired 10-K Wizard, a provider of SEC EDGAR (Electronic Data Gathering, Analysis, and Retrieval) filing research, and alert services, for $12.5 million.

Posted Dec 09, 2008

ThePort Network, Inc., a social media solutions provider, announced that it has raised $4.1 million in series B funding.

Posted Dec 05, 2008

GoFish Corporation, a digital media company, announced that it has secured $22.5 million in a private placement financing led by Panorama Capital, Rustic Canyon Partners, and Rembrandt Venture Partners.

Posted Dec 05, 2008

DocuWare SARL announced it has moved into its new Paris offices.

Posted Dec 02, 2008

LYCOS Europe N.V., a portal provider and online advertiser, announced the results of its strategic review process.

Posted Dec 02, 2008

The Think Eco-Logical initiative, a leadership program supported by IT professionals across multiple industries, was launched to educate enterprises and organizations on combining environmental concerns with intelligent business management.

Posted Dec 02, 2008

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