Networking site cashes in on friends
At this moment, the must-read stories in technology are scattered across hundreds of news sites and blogs. That's far too much for any reader to follow.
Fortunately, Techmeme arranges all of these links into a single, easy-to-scan page. Our goal is to become your tech news site of record.
Story selection is accomplished via computer algorithm extended with direct human editorial input. Our human editors are: Lidija Davis, Mahendra Palsule, Andre Garrigo, David Connell, Jarrod Cugley, and occasionally Omer Horvitz and Techmeme founder Gabe Rivera. Launched in 2005, Techmeme remains independent, bootstrapped, and privately held.
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Alex Weprin / The Hollywood Reporter:
Filing: Disney now owns 100% of streaming tech company BAMTech after paying $900M for MLB's 15% stake in November 2022; Disney acquired a majority stake in 2017
Wall Street Journal:
AMC Networks is planning to lay off 20% of its staff, and CEO Christina Spade is stepping down abruptly, after joining in September
Sources: CoinDesk, which has ~$50M in annual revenue, has attracted takeover interest from PE firms, others; one party suggested $300M but it was deemed too low
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