Tag Archives: Time Warner
GetGlue Hits 2 Million Users and Raises $12 Million
GetGlue is a mobile social networking company that has raised $12 million in a new round of funding led by Rho Ventures. Existing investors Time Warner, RRE Ventures, and Union Square Ventures also participated in this round of funding. GetGlue previously raised $6 million in November 2010. GetGlue launched in 2008 and has been constantly evolving. Currently GetGlue is a “check-in” application for TV shows, books, movies, etc. Users can interact with other people that are reading, watching, thinking about the same thing.
(more…)
Sprint and Cable Companies Looking to Acquire Clearwire
A group of companies, including Sprint, Comcast, Time Warner and Bright House, are in to acquire Clearwire. Clearwire recently expressed interest in building a 4G LTE network. Sprint would head the deal with funding from the cable companies, giving Clearwire the means to light up the network and giving the companies access to that network. There is no word yet on what the official agreement would be. [TechCrunch]
Warner Bros. Acquires Flixster, Gaining Ownership Of Rotten Tomatoes In The Process
Time Warner subsidiary Warner Bros. Entertainment, Inc. has acquired Flixster. Flixster is a social network that is centered around movies. Through the acquisition, Warner Bros. also gains possession of the valuable Rotten Tomatoes brand. News Corp. sold Rotten Tomatoes to Flixster in exchange for cash and equity last year.
(more…)
Meebo Raises $27.5 Million In Series D
Meebo announced earlier this week that they have raised $27.5 million in Series D. The funding was led by Khosla Ventures with participation from Sequoia Capital, DFJ, Time Warner, and JAFCO. Meebo said that they plan on using the funds to continue expanding upon their platform. Thus far the company has raised $70 million total.
(more…)
AdaptiveBlue Raises $6 Million From Time Warner, Union Square, and RRE
AdaptiveBlue, the company behind the social recommendations application GetGlue, has raised $6 million. According to the SEC filing, AdaptiveBlue raised the funding from Time Warner, RRE Ventures, and Union Square Ventures.
(more…)
Categories AdaptiveBlue, RRE Ventures, Time Warner, Union Square Ventures
Leave a comment
Yahoo! Hires Wayne Powers As North American Ad Sales Head
Yahoo! Inc. (NASDAQ:YHOO) has hired Wayne Powers to head up their North American advertising sales. Powers was an executive at Time Warner Inc. beforehand. Powers, 49, worked as the president of the media group at Time Inc. He will now be reporting to Ross Levinsohn. Powers is replacing Joanne Bradford, who left Yahoo! to join Demand Media. Yahoo! almost considered not replacing Bradford, but the executive she reported to, Hilary Schneider, also left the company. Levinsohn will be replacing Schneider later this year. [WSJ]
Categories Joanne Bradford, Ross Levinsohn, Time Inc., Time Warner, Wayne Powers, Yahoo!
Leave a comment
BNI Video Raises $16 Million From Time Warner, Comcast, Cisco, Etc.
BNI Video is a company that helps video service providers in the telecommunications industry manage video delivery. This is why some telecommunications companies got together to put money into BNI. Cisco Systems, Comcast Interactive Capital, Charles River Ventures, Castile Ventures, and Time Warner Cable invested $16 million into BNI.
(more…)
CNN President Jonathan Klein Fired; Being Replaced By Ken Jautz
Time Warner Inc. (NYSE:TWX) has fired Jonathan Klein, the president of CNN/US. Ken Jautz, president of HLN, will be replacing Klein. Jautz is known for finding Glenn Beck on the radio and putting him on TV.
(more…)
Categories ABC, Campbell Brown, Christiane Amanpour, CNN, FOX, Glenn Beck, Jonathan Klein, Ken Jautz, Larry King, Rick Sanchez, Time Warner
1 Comment
Simulmedia Raises $8M From Time Warner
Simulmedia has raised $8 million from Time Warner Investments. Other investors include Avalon Ventures and Union Square Ventures. Simulmedia has raised a total of $12 million.
(more…)
AOL Closes Its First Day As An Independent
AOL INC. (NYSE:AOL) has finished their first day as an independent company. It actually makes me feel somewhat nostalgic that AOL is on their own again. I actually hope that the company starts mailing me CDs with a free AOL trial once again. Time Warner Inc. (NYSE:TWX) might actually start feeling separation anxiety eventually.
The separation has taken place about 10 years after the AOL-Time Warner merger took place. Both Time Warner and AOL still have a long road ahead. AOL has been suffering from a loss of advertising revenue and took a hit as broadband grew to be more popular than dial-up connections. And Time Warner has had to slim down on their cable business.
After AOL’s first day of trading the company stock ended at $23.67 and the company has a market cap of $2.54 billion.
Categories AOL, Time Warner
Leave a comment