Break Media, Alloy Digital To Merge

Los Angeles-based online content publisher Break Media and Alloy Digital said Tuesday that the two are merging to form a new, Internet video company called Defy Media. Financial terms of the merger were not announced. Variety said that the combined company will have more than $100M in revenues. Break Media founder and CEO Keith Richman will become President of the new company, with Alloy CEO Matt Diamond becoming CEO, according to reports.