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cutbacks

Report: Conde Nast putting site launches on hold

It's looking like the teen girl social-networking site Flip.com could be just one of the online victims of Conde Nast's planned cutbacks--for the time being anyway.

MedioBistro's AgencySpy, citing an anonymous source, is reporting that the publisher's plans to build out new sites for magazines like Details have been suspended indefinitely.

Paid Content.org's David Kaplan chimed in quoting a high level, but also unnamed Conde Nast source. The source said that in addition to the Details site, the company had also been planning to create independent sites for a "number of … Read more

Fallout takes hold: Seesmic publicly lays off 7

Loic Le Meur, CEO and founder of video community service Seesmic, announced publicly on Friday that the company is laying off seven people from the start-up. Citing "market conditions and the recession," Le Meur disclosed that most of the let-go staffers are "behind-the-scenes" people who were building out the service. Le Meur said, "The worst is, we love them all."

He says that "Seesmic is moving on and will continue to innovate and provide a stable platform." The company has "years ahead" of funding to keep things moving, he said. … Read more