Daily Marauder

ONLINE SERVICES/INTERACTIVE MEDIA by Marauder

ONLINE SERVICES/INTERACTIVE MEDIA

Internet investment group Digital Sky Technologies, based in London and Moscow, is investing $200 million in Facebook for a 1.96% equity stake at a $10 billion valuation. The new investor says it sees “tremendous value” in social networks “as they redefine how people communicate.” (Iwantmedia 5/27, http://www.informationweek.com/news/internet/social_network/showArticle.jhtml?articleID=217700121 5/26)

Conservative political pundit Tucker Carlson is planning to launch a political news competitor to the Huffington Post, reports The Hill today. <!–class=”snap_preview_icon”> The site will be called TheDailyCaller.com and will be focused on reporting news about the Obama Administration but will add “facts to the conversation.” (http://www.techcrunch.com/2009/05/26/political-pundit-tucker-carlson-to-launch-competitor-to-huffington-post 5/26)

Lazard eviscerated Time Warner in 2006 with its report supporting activist investor Carl Icahn’s campaign to break up the media giant. The investment services firm is now said to be vying for a mandate from Time Warner to spin off AOL. The move could make Lazard “millions.” (Iwantmedia 5/27, http://online.wsj.com/article/SB124337772665256101.html 5/27)

Two AOL subscribers are filing a lawsuit against the company for inserting advertising in its email service. Los Angeles residents Rande Bronster and Robert Nachshin allege that such ads are unlawful under the federal Electronic Communications Act and California law. (Iwantmedia 5/27, http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=106721 5/26)

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