Daylife, a news aggregator that launched a few years ago with a good deal of hype but has since retreated to the back pages, has landed another investor: Getty Images has bet $4 million on the company, which has raised some $12 million to date.
The New York Times is already trying to mortgage its headquarters and unload assets like its stake in the Boston Red Sox. So, what’s left to sell? The front page. CBS has taken out the first display ad the paper has ever allowed on the front of its print edition. This is only historic because the Times management has been so stubborn about keeping its front page pristine–it’s hard to imagine that any reader will care. Of course, the cash-crunched media company really doesn’t have any choice at this point.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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