confirmed
Megan McCarthy · 09/14/07 03:40PM
Megan McCarthy · 09/08/07 04:45PM
The San Francisco Chronicle and the New York Times confirm our scoop that the party plane owned by Google founder Sergey Brin and Larry Page was spotted at NASA-owned Moffet Field last week. According to the Chronicle, officials from one neighboring town aren't happy with the private jet's appearance on the government-owned hangar: "No one has problems with military flights, but it's hard to make a national security case here."
Owen Thomas · 09/05/07 11:38AM
Owen Thomas · 08/31/07 12:45PM
Keith Kelly repeats yesterday's Valleywag report that Mansueto Ventures, publisher of rival tech-business title Fast Company, is negotiating to buy Time Inc.'s Business 2.0, which is in the midst of publishing its last issue under the current staff. CNET, rumored to have also bid, has apparently dropped out of the sale process. [New York Post]
France's Hi-Media buys Fotolog for $90 million
Owen Thomas · 08/27/07 11:28AMOur tipster was right that Fotolog, the New York-based photo-sharing site had been sold — but wrong, alas, about the buyer, and the price. We'd heard of a Latin American buyer paying north of $100 million. Instead, it's Hi-Media, a French Internet concern, paying $90 million in cash and stock — a rich price for a company with 10 million users but only $2.3 million in revenues projected for this year. Hi-media is publicly traded on the Euronext stock exchange, so its shares are as good as cash. But Fotolog backers 3i and BV Capital say they plan to hang onto their shares and "participate in the development" of the combined company. So now the most interesting question is, who cashed out? We wouldn't be shocked if CEO John Borthwick, above, and founder Scott Heiferman were among those receiving an immediate cash payout. Borthwick has a host of other startup ventures, and Heiferman is the CEO of Meetup.
Owen Thomas · 08/20/07 02:05PM
Forbes' Fake Steve plan revealed on TV
Owen Thomas · 08/06/07 07:21PMIn an interview with CNBC, Dan Lyons, the Forbes senior editor revealed as Fake Steve Jobs, makes two fascinating admissions: First, that he has, in fact, not concluded negotiations with his employer on bringing the Secret Diary of Steve Jobs blog to Forbes.com. Second, that he and his employer did have a plan in the works to launch a Forbes-backed version of his site after Labor Day. I'm counting that as two hunches confirmed.
Owen Thomas · 08/06/07 05:45PM
Yahoo's Paul Levine goes to AdBrite
Owen Thomas · 07/26/07 03:05PMI've confirmed yesterday's rumor: Paul Levine is, in fact, leaving Yahoo to join AdBrite. Expect the former general manager of Yahoo Local to boost the online-ad network's efforts in geotargeted advertising, the hot market for placing ads based on a user's physical location. (Photo by James Duncan Davidson/O'Reilly Media)
A magazine's last gasp
Megan McCarthy · 07/19/07 09:44PMNews.com fires its video team
Owen Thomas · 07/10/07 05:31PMTurns out that the rumor we heard was on target: CNET, in an effort to rationalize its video operations, laid off News.com executive editor Harry Fuller and Neha Tiwari, a video producer. "The reasoning behind it is that News.com Video was often competing internally with CNET's video property, CNET TV, and that there was too much content overlap," says a tipster. "There are also indications that Harry had a falling out with [News.com editor] Jai Singh, but the details of this supposed disagreement were not revealed." Sounds juicy. Anyone got more?