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Struggling entertainment site MySpace says it is cutting 47 percent of its staff worldwide, or about 500 people.
Mike Jones, the chief executive of MySpace, said in a statement Tuesday that the cuts are “tough but necessary” and have been taken to put the site on a path to growth and profitability. Get the full story »
Mobile broadband subscriptions are on track to surpass 1 billion in 2011 only months after reaching half a billion, Ericsson said on Tuesday, highlighting a key growth driver for the telecom sector.
“During the course of 2010, a significant milestone in terms of mobile broadband subscriptions was reached as their number surpassed the half-a-billion mark globally,” Ericsson, the world’s biggest mobile network gear maker, said in a statement. “Ericsson estimates that this number will double before 2011 ends.” Get the full story »
Chicago Magazine has hired the Chicago Reader’s Whet Moser as associate digital editor for its chicagomag.com Web site. Chicago Magazine is part of Tribune Co.’s Chicago Tribune Media Group.
Mosiac app. (Tribune)
The Tribune Co., publisher of the Los Angeles Times and the Chicago Tribune, is rolling out a news-reading application that will run on a new line of Microsoft-based tablet computers.
The app, called Mosaic, creates a moving set of touchable photographs that, when tapped, reveals the headline associated with the photo and allows the user to open and read the article.
“It’s a very different, visual way for readers to sort through and personalize how they want to see news delivered,” said Eddy Hartenstein, the Tribune’s co-president. “You just touch it and it blossoms.” Get the full story »
Comcast Corp. plans to soon roll out a feature allowing its customers to watch real-time television shows, whether a crime drama or newscast, on tablet computers such as Apple Inc.’s iPad. Get the full story »
The Securities and Exchange Commission has begun examining whether disclosure rules for privately held firms need to be rewritten as a result of recent deals allowing investors to buy shares in Internet companies such as Facebook Inc. and Twitter Inc., according to people familiar with the situation. Get the full story »
Santa Monica-based FamilyFinds.com has acquired Mamaloot, a Chicago-based online deal site. The terms of the deal were not disclosed. Get the full story »
From News & Tech | Sun-Times Media announced on Tuesday the creation of a new business operation called STM Digital, which will have responsibility for all Sun-Times Media online, mobile and other digital content publication and advertising businesses.
Dell Inc. has agreed to buy SecureWorks, a closely held computer security company, to expand its technology services business.
Dell, which did not disclose terms, said on Tuesday that it does not plan to buy any more security firms. Get the full story »
Macy’s Inc. expects to add about 725 new positions during the next two years as it looks to expand its Web site offerings.
Shoppers have been increasingly moving their business online, and Macy’s, for its part, has seen its online sales grow in the double digits on a percentage basis over the past few years. For the first 10 months of fiscal 2010, online sales were up 29 percent. Get the full story »
Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world’s No.1 Internet social networking company at $50 billion, according to a person familiar with the matter. Get the full story »
