Media

Updated: Veoh, the Michael Eisner-backed video site, has been struggling for some time and has now filed for bankruptcy, according to a message CEO Dmitry Shapiro put up on his blog this afternoon; MediaMemo first reported that a bankruptcy filing was coming, citing unidentified sources, earlier today....

Career site Doostang has raised $1.25 million in a funding round from Shasta Ventures, the company tells us. The site promises its users “inside access to thousands of jobs from top employers.” A basic version is free, although Doostang charges for a premium version, which includes unlimited access to job listings, as well...

Some more sale details of Yahoo’s jobs service HotJobs to Monster, announced earlier today, have come out in an SEC filing. The companies have already announced a three-year “commercial traffic agreement,” under which Yahoo (NSDQ: YHOO) will feature Monster job content on its home page,...

Yahoo’s garage sale is finally attracting some buyers. Three weeks after Yahoo sold its Zimbra e-mail and communications platform to VMWare, the company has now sold its HotJobs recruiting site to Monster Worldwide (NSDQ: MNST) for $225 million.

The sale comes nine months after Yahoo (NSDQ:...

Brazen Careerist, a social networking site geared towards “next-generation professionals,” has raised about $1 million in a funding round, according to an SEC filing. As the name implies, no fun and games on this site. Instead, it’s specifically designed to help young people advance in their professions—a role that...

AOL (NYSE: AOL) is announcing a “limited number” layoffs today, as not enough staffers applied for the voluntary buyouts the company said it needed last November. At the time, AOL called for up to 2,500 volunteers—roughly a third of its global workforce to accept a buyout. Only 1,100 staffers...

The LA Times is cutting 80 jobs as it closes an Orange County printing plant as it tries to reduce costs further. The paper will rely on just one printing facility, the paper reported. Over the past year, a number of newspaper publishers have achieved a degree of profitability mainly...