AOL snaps up Go Viral video network for $96.7m

AOL Europe has acquired video distribution network goviral, as the internet media company further expands its ad-funded content services. goviral distributes branded video content across the Internet for brands, media agencies, creative agencies, and content...

Dennis Publishing trials behavioural targeting in UK

Dennis Publishing is testing a new behavioural targeting campaign across its roster of sites, in partnership with nugg.ad. nugg.ad’s predictive behavioural targeting solutions will now be made available for Dennis Publishing’s portfolio of online campaigns. It means...

BSkyB buys Wi-Fi provider The Cloud

BSkyB has bought Wi-Fi hotspot operator The Cloud, giving the broadcaster access to more than 5,000 UK hotspots. BSkyB said that it reached an agreement to acquire The Cloud on 11 January, but completion of the transaction will be subject to regulatory clearance....

98% of music singles tracks now bought online

Almost all single music tracks are now purchased digitally instead of in physical formats in the UK, with the total of singles sold increasing since 2007, according to new research from the Office of National Statistics. Digital sales increased by 92 per cent between...

Content firm Demand Media shares soar on IPO

Online content publisher Demand Media went public this week, debuting at a higher-than-expected price of $17 per share. The US-based firm employs a network of more than 13,000 freelancers who produce instructional articles such as “How to Thread a Sewing...

Facebook to launch own-brand mobile with HTC- report

Mobile phone maker HTC is set to unveil two new Facebook-branded handsets as part of a deal with the social networking site next month, according to a news report. City AM reports that the tie-up will be announced at the Mobile World Congress in Barcelona next month....

Yahoo to make further job cuts

Yahoo has issued a weaker-than-expected first-quarter sales forecast, as the online media giant announced its second round of layoffs in six weeks, of about 1 percent of its global workforce. Yahoo Inc warned that revenue will again slide this quarter as it bleeds...