New York - Independent sports blog The Big Lead has been acquired by Fantasy Sports Ventures in a deal pegged in the low seven figures by...

New York - Cable TV provider Cablevision's (NYSE: CVC) Rainbow Media unit is close to a deal to acquire city blog network Gothamist, PaidContent reported. The purchase price was...

Roku Inc. has received $45 million in strategic investment from major media companies News Corp. and British Sky Broadcasting (BSkyB) along with returning investors Menlo Ventures and Globespan Capital Partners.

Further demonstrating belief in the platform’s potential, Ben Silverman's Electus today confirmed that Bruce Seidel has been named CEO of the multimedia entertainment studio’s upcoming food-centric YouTube channel.

San Francisco - Seesmic, a developer of applications that monitor social networks across mobile devices, announced on Tuesday that it has received a $4 million investment...

Santa Monica, Calif. - Vokle, a developer of video conferencing technology, has raised $542,000 in debt financing and convertible notes, part of an expected $1 million...

Minneapolis, Minn. - BringMeTheNews, a provider of news aggregation and also a producer of radio newscasts, has raised $1 million in funding from The Dolan Company...

Tagged has purchased hi5, a transaction that brings together two companies that each have a different spin on social networking: Tagged is designed for meeting new people based on shared interests, while hi5 integrates games and highlights premium content.

SnagFilms intends to be the go-to brand for independent films, and it just took further steps in that direction with newly unveiled distribution platforms, the launch of new social media and mobile applications, and several new executive hires.

Montreal - StatusNet, the developer of an open-source microblogging platform, has raised new funding from FirstMark Capital, BOLDstart Ventures, iNovia Capital and Montreal Start Up, TechCrunch...