MEDIA | Pixr8 News

Gawker Media Asks For $22 Million Bankruptcy Loan Approval

14Jun By AnkitaNo Comments

News

Gawker Media Asks For $22 Million Bankruptcy Loan Approval

Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court filing. The online publishing pioneer filed for bankruptcy last week after it failed to secure a postponement on paying $140 million to Hulk Hogan after it lost a lawsuit involving the publication of excerpts from a sex tape of the former pro wrestler. Media company Ziff Davis LLC has entered into an agreement to buy Gawker for $90 million, setting the floor for an opening bid in a court-supervised auction expected to take place at the end of July. The loan from Cerberus, which often invests in companies in financial distress, will help Gawker...

8Jun By AdityaNo Comments

FUNDING

UK Based Koovs Raises 30 Cr Funding From HT Media

UK-based online fashion player Koovs plc today announced raising 3.3 million pounds (over Rs 30 crore) from HT Media Ltd and Dragon Asia Holdings Pte Ltd to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2 per cent stake in the enlarged issued share capital of the fashion portal. Similarly, the company issued 12 lakh new ordinary shares at a price of 25 pence per share to Dragon Asia Holdings Pte Ltd taking total holding in it to 19.2 per cent. "This investment shows further momentum in our Capital Raising and supports our focus on marketing in order to accelerate brand awareness and sales growth for Koovs in India. Our ambition remains t...

Anand Mahindra Invested in SheThePeople.TV

23May By NitishNo Comments

FUNDING

Anand Mahindra Invested in SheThePeople.TV

Anand Mahindra, Chairman of Mahindra Group has invested into India’s largest digital storytelling platform for women SheThePeople.TV, founded by award winning journalist Shaili Chopra. Mr Mahindra has invested in his private capacity in the video platform, which is building a much-needed digital media space and ecosystem for women achievers and is dedicated to championing and promoting their success stories. Regarding his decision to support the platform, Mr Mahindra said ‘Women need a space that quenches their intellectual hunger, engages, and empowers them with relatable content. With Shaili as founder possessing a solid understanding of both conventional and digital media over 15 years, I have great confidence that SheThePeople.TV will become a focal point of inspiration for tomor...

18May By AnkitaNo Comments

News

Major American Newspaper Media Outsource Its IT Services To India

A major American media company which owns prestigious dailies like Los Angeles Times and Chicago Tribune will outsource a part of its IT component to Indian software giant TCS, according to a media report. Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS), a news report in Computer World said yesterday. However, it did not say the number of employees would be hit by such a move. "IT employees at Tribune Publishing say they received warning of the outsourcing late last year. In April, they were told that over an 18-month period, Tribune would be moving to information technology outsourcing across its business, according to employees contacted," the report said. ...

Media is Not Foolish Mr. Rahul Yadav, Mind Your Own Business

12May By NitishNo Comments

Story

Media is Not Foolish Mr. Rahul Yadav, Mind Your Own Business

"Rahul Yadav" a name which does not require any kind of introduction. From last 6 to 7 months, this name is promoted by the person himself through his own activities on social media and in media. Why? Let's start from the beginning, 1) Rahul Yadav is an IItian who left IITB in his last year. He started Housing.com with his 11 IITian friends and raised million dollar funding from Softbank & others. The Company was running smoothly, until one day he wrote an open letter to Mr. Shailendra Singh from Sequoia Capital warning him to stop activities against him. The "Rahul Saga" starts from here but the question is why open this letter to media? Ok let me guess might be someone else did this but if Rahul Yadav did it then why? 2) During leaving Hosuing.com, he ...

Qatar Based Al-Jazeera Network Shutsdown in America

12Apr By AnkitaNo Comments

BUSINESS

Qatar Based Al-Jazeera Network Shutsdown in America

Al-Jazeera America, which couldn't attract an audience to another cable news network in the United States, signs off tonight following a three-hour live farewell designed to highlight its work since a 2013 launch. The farewell begins at 6 pm (local time) and will be repeated immediately before Al-Jazeera America goes dark. Local cable and satellite operators will decide what replaces the channel in their markets. The Qatar-based Al-Jazeera network announced in January that it was shutting down the US-based offshoot, calling it an economic decision. Backed by a deep-pocketed parent company, Al-Jazeera America began with lofty goals of offering serious-minded news and won some awards for its work. But when few people watched and oil prices plummeted, there was a limit to how much t...

1Apr By AnkitaNo Comments

FUNDING

Mashable Received $15 Million Funding From Time Warner

The News website Mashable (digital media) received $15 million funding round from Time Warner Inc.’s Turner division (traditional TV network). Mashable will use the latest funding round to expand its video offerings, including on traditional TV, and enhance its advertising capabilities, according to the statement. The funding will also use to co-develop and distribute video content of Turner’s TBS, TNT channels and Mashable. Both companies will work together on new technology and advertising opportunities, according to a statement Thursday. In addition, Kevin Reilly, chief creative officer for Turner Entertainment and president of TBS and TNT, will join Mashable’s board. Turner and other media companies are looking to digital publishers to reach younger audiences that may not subs...

Bengaluru Based Startup Changing The Perception of The Way You Look at Media

3Mar By No Comments

Story

Bengaluru Based Startup Changing The Perception of The Way You Look at Media

Bengaluru-based Contex8 is changing the perception, the way you look at media. It provides a visual interface with three timelines based newsfeed across various media sources on past trends, future trends and the current trending topics. Aggregation undertaken by algorithm is reviewed across news/social wires perspectives and represented in the form of news-wall with integrated public opinion. The Team is working across bureau from Bengaluru, Kolkata, Guwahati and Noida. How Contex8 Works - It's solving the problem of accessing news from multiple sources and impact analysis. Shreya Kar, VP-Marketing adds, “At Contex8, the delivery of news to the user end is carried out in an impactful manner, thereby ensuring that the news, it’s origin, analysis and related feed acros...

Decoding: Is Jack Ma the Rupert Murdoch of China?

10Jan By NitishNo Comments

Story

Decoding: Is Jack Ma the Rupert Murdoch of China?

Last Year China’s e-commerce giant Alibaba announced to buy Hong Kong’s oldest English newspaper the South China Morning Post (SCMP) and other media properties for an undisclosed amount. People related to tech and e-commerce world was surprised on this move. Many were asking questions on motive of acquisition? But People very close to Jack Ma said, Ma’s ambition to explore the media business is strategic. His e-commerce empire has seen him invest in the media sector and he has publically spoken about his interest in the sector. Jack Ma knows clearly why American and other European companies rule over the world? Reason is Media. So why not invest in it to sustain your power. Jack Ma recently told Bloomberg TV during an interview in November that Alibaba needs the media to promote SME...

45 Indian entrepreneurs in Forbes list of achievers under the age of 30

5Jan By Press Trust of IndiaNo Comments

News

45 Indian entrepreneurs in Forbes list of achievers under the age of 30

NEW YORK: Forty-five Indians and Indian-origin people have made it to Forbes' annual list of achievers under the age of 30 who are "changing the rules of the game or creating entirely new playbooks" across varied fields. The Forbes fifth annual '30 Under 30' list features 600 women and men, who are America's "most important young entrepreneurs, creative leaders and brightest stars" and are "changing the world" across 20 varied sectors such as consumer technology, education, media, manufacturing and industry, law and policy, social entrepreneurs, science and art and science. "In the past, youth was a handicap to professional success. Getting older meant more resources, more knowledge, more money. No more. Those who grew up in the tech age have way bigger ambitions -- perfectly suited to...

16Dec By NitishNo Comments

News

Cision acquired PR Newswire

CHICAGO and NEW YORK – Cision, a global media intelligence company, has announced an agreement to acquire PR Newswire, a premier provider of multimedia communications, from UBM plc, in a transaction that will create a global leader of communications software and services. The transaction, which requires approval by the shareholders of UBM plc as well as regulatory approvals, is expected to close late in the first quarter of 2016. PR Newswire is a global leader in public relations (“PR”) and investor relations (“IR”) communications and related services, connecting over 30,000 customers to their target audiences through the largest distribution network of its kind in the world. Customers spanning Fortune 2000 multinationals, small businesses, public relations agencies and government entit...

Skyrocket your start-up with clever PR – Catriona Pollard

15Oct By No Comments

BLOGS

Skyrocket your start-up with clever PR – Catriona Pollard

Whether you’re in the middle of developing a game-changing app, a new must-have product or savvy service, if you’re in start-up phase, chances are you’re operating on a very lean budget. So how can you build the profile of your fledgling brand when your budget is so tight? You guessed it. The media! It’s the quickest way to gain visibility and build reputation. The right kind of visibility is crucial to attracting funding, investors and new customers. This is where strategic PR fits in. It’s free and has a high return on investment and considerably more credibility than paid advertising. (more…)