JPG Magazine Rescued From the Brink
From The New York Times:
In a somewhat unusual deal, the company has been acquired for an undisclosed price by a joint venture between Adorama Camera, a New York camera equipment retailer, and an anonymous investment group represented by Brandon Calder, a Web developer based in Boseman, Mont., and the former chief executive of the Las Vegas-based film site MovieWeb.
I’m not sure if this is a good or a bad thing. All this talk of “new ways to make revenue” sounds more like “new ways to exploit submitted content” to me but I’m pretty cynical about these things. Call me old fashioned! Still, at least it looks like JPG will survive. For a while. Maybe.
[Read JPG Rescued From the Brink by Mystery Buyer - Bits Blog - NYTimes.com]
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Of course there’s the Valleywag view of it all…
CEO’s $500,000 Salary Burns Startup Into Fire Sale
http://bit.ly/dP4uQ