1) TechCrunch recently wrote about the worsening situation for daily newspapers and the abysmal 2nd quarter they have had.
2) The Economist reports that daily newspapers in emerging economies are thriving. As Thomas Barnett points out, the logic is that:
The demand for news tends to go up as people enter the workforce, earn more money, invest [...]
Always one step ahead of everyone else, Cheezhead has declared that he has moved beyond ripping Monster, declaring in an early June podcast that he no longer finds it sporting, fun, or even interesting. I still, however, cannot resist. Monster has lost its leadership position in online classifieds to CareerBuilder in large part because the [...]
According to ERE, Jobster has burned through most of the $48 million it raised a few years ago and is out trying to raise another round of capital. The Seattle-based company, which garnered tons of attention thanks to dysfunctional, egomaniacal CEO Jason Goldberg (who is now running a new start-up SocialMedian), is under new management.
With [...]
Edgeio announced late last week that it was ceasing operations and looking to liquidate its assets. The company, which had recently raised $6M in capital ($3M of which came from Intel), tried to build a business by aggregating classified listings from all over the web. In explaining the reasons why the business was unsuccessful, CEO [...]