2 posts and columns on end-to-end

AOL Officially Adds 5Min to Its Roster. Next?

in Media on September 28, 2010 at 6:25 am PT

Here’s the official press release announcing AOL’s acquisition of 5Min Media. Sources familiar with the transaction tell me it’s an all-cash deal at the high end of the $50 million to $65 million range I reported earlier today. So let’s call it $65 million.

Here Comes the Video Shakeout: Joost Scales Down, CEO Mike Volpi Steps Out

in Media on June 30, 2009 at 8:49 am PT

Here’s the beginning of the inevitable online video shakeout: Joost, the once-hyped video service that was supposed to rival Google’s YouTube, is restructuring to focus on “white label” services, i.e., a back end for other video players. The site is laying off the majority of its 100-plus employees, and CEO Mike Volpi is out, replaced by Matt Zelesko, who had been SVP of engineering.
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