OLX, an online classifieds site based outside the US, has raised $5 million in funding from Nexus Capital India.
This round brings the total amount of funding to $28.5 million. OLX received $13.5 million from General Catalyst Partners, Bessemer Venture Partners, Founders Fund, and DN Capital in April 2008, and $10 million in September 2006 with the same VCs and various angels investors. more…
Ocala, FL (Newswire) — USA4SALE Networks has been nominated for a top honor in online publishing by Editor & Publisher and Mediaweek. more…
Last week, eBay held a meeting to announce its roadmap of growth plans through to 2011. The company said that its eBay Marketplaces business is expected to achieve revenues of $5 billion to $7 billion in 2011 with a continued shift toward more fixed price sales and a smaller online auction business.
Following that announcement is a round-up of marketplace promotions aimed at international, fixed-priced listings and individual (non-business) sellers. more…
VANCOUVER “” Amid the struggles of the U.S. newspaper industry and a real estate meltdown that has hit California particularly hard, David Black still believes an ailing San Diego daily has value.
New Delhi: Naukri.com, India’s no. 1 job site introduces NaukriOnChat that allows job search through chat messenger on Gmail/GTalk. It not only enables search for jobs, but also allows viewing job details and applying via chat.
As the presses roll for the last time on the town's 146-year-old paper, American print journalists are looking out for the first city to be left with no print news at all.
Trade was unusually brisk for Wilbur Hathaway, a newspaper vendor near Seattle’s Pike Place waterfront market. His stall was flanked by huge stacks of commemorative last-day editions of the city’s oldest newspaper.
“The Post-Intelligencer’s always been Seattle’s best paper – they’re very good at in-depth reporting,” said Hathaway, coddled against a cold wind in woolly hat and thick blue gloves.
What are already hard times for New Mexico newspapers could get worse under a bill sponsored by House Speaker Ben Lujan, D-Nambé.
House Bill 895 would allow the publication of legal notices via television or radio in addition to newspapers. Currently, such notices must be published in newspapers, and that’s a major source of revenue for a struggling industry. Craigslist, which publishes classifieds online for free, has already taken lots of other classified advertising revenue from newspapers, and many papers’ classifieds are now anchored by legal notices.
The Seattle Post-Intelligencer publishes its last dead-tree edition Tuesday, the latest newspaper to succumb to the harsh realities of an internet economy where delivering bits is an increasingly inefficient way of delivering the news.
News of the P-I’s decision to publish in online-only was telegraphed for weeks, and it follows the decision of the Rocky Mountain News to shutter completely, the Christian Science Monitor to publish online only starting next month and deep concessions by staff at another Hearst newspaper, the San Francisco Chronicle, to keep that newspaper afloat.
