Thursday, April 29, 2010LA Times Adds In-Text Ads In Bid For RevenueIn the newest bid for revenue at the Los Angeles Times, the paper said this week that it will begin adding green, affiliate revenue links within its news stories. The paper said it will put in-text links to sites such as Amazon and TicketNetwork as part of the editorial in its Health, Image, Food, Travel, Books, Entertainment and Sports articles and photo galleries. The links also will show up in a number of the paper's blogs, although so far the paper is steering clear of links within its mainl (More info...)
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Tesla Details Downey PlantHigh flying electric car vehicle firm Tesla Motors has submitted plans to the Department of Energy for a plant in Downey, at the site of the current Downey Studios, according to documents obtained by the Downey Patriot. According to the documents, Tesla is set to lease the land for 11 years, with two 5-year options to extend the lease. The report says Tesla is intending to build its Model S at the location. Tesla has so far been mum on the official selection of its manufacturing location, howeve (More info...)
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Schrodinger Gets Investment From Bill GatesSchrodinger, a firm focused on computational drug design for the pharmaceuticals and biotechnology research industry, announced today that Bill Gates--through his investment firm, Cascade Investment--has invested in the company. The firm, which has one of its main offices in San Diego, did not disclose financial terms of the deal, however Bill Gates told the WSJ this week that the deal was worth $10M. Schrodinger designs software used for chemical simulation for pharmaceutical and biotechnology (More info...)
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Global Venture Capital Investment Up 13 PercentA new report this morning from Dow Jones VentureSource find that global venture capital investing is up 13 percent in the first quarter of 2010, as the market for investment rebounded. According to Dow Jones, there was $7 billion invested in 919 deals for companies in the U.S., Europe, Canada, Israel, Mainland China and India. The U.S. continued to lead the worldwide venture numbers, with 65 percent of the deals, and 67 percent of the dollars for Q1. Global hot spots for venture capital included (More info...)
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Everbridge Raises $3.2MGlendale-based Everbridge, a provider of mass notification systems for corporations, schools, governments, and others, has raised $3.25M in an ongoing, $4.0M venture round, according to a regulatory filing from the firm this week. Details on the funding have not been announced by the firm. Everbridge has previously raised funding from ABS Ventures. Everbridge claimed in March that it had "record growth" in 2009; the regulatory filing indicates that the firm's annual revenues are actually between (More info...)
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Billion Dollar Babes Acquired By Delivery AgentHollywood-based Billion Dollar Babes, which operates a member-only, private sales business focused on fashion, home, and beauty, has been acquired by San Francisco-based Delivery Agent. Financial terms of the buy were not disclosed. Delivery Agent, which says is powers interactive commerce and marketing initiatives for major televisio networks ABC< CBS, NBC, FOX, The CW, and cable networks-and also runs SeenON.com, said the acquisition will add entertainment-based private sales as a new marketi (More info...)
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Clean Green Guy Names VPPasadena-based Clean Green Guy, the online marketplace for green and clean business deals, said Wednesday that it has named Patrick McKenna as its new Vice President of Business Development. The firm said that McKenna was most recently Chief Marketing Officer for an un-named, online gaming company, and also served as a consultant to Microsoft working on Windows Media Player and Silverlight.
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Activision, Bungie Tie In Distribution DealSanta Monica-based videogame developer Activision has inked a deal with Bungie, the videogame firm behind Halo, Myth, and Marathon, the two firms said today. According to the two, they are in an exclusive, 10-year partnership which will give Activision exclusive, worldwide rights to publish and distribute all future Bungie games. Bungie will remain an independent company. Financial terms of the deal were not disclosed. Bungie is a spinout of Microsoft
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Total Beauty Relaunches BeautyRiot.comLos Angeles-based Total Beauty Media, the online beauty site run by Emrah Kovacoglu, said today that it has relaunched BeautyRiot.com, the celebrity hairstyle and beauty site it acquired in 2009. The firm said it has given the site a "complete makeover" and is relaunching the site with a number of promotions and giveaways. Total Beauty acquired BeautyRiot in March of 2009.
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