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| Report: ESPN Laying Off Hundreds | | Tuesday, May 21, 2013 1:52 PM | Lauren Indvik |
| ESPN is laying off as many as 400 employees Tuesday in an effort to boost profit margins, according to reports. A spokesperson for the Disney-owned network confirmed in an e-mail to Mashable that layoffs were taking place. The spokesperson declined to discuss numbers or details, saying only that the company is "implementing changes...
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| Fred Wilson: Yahoo Will Put Tumblr on Same Level as Facebook, Twitter | | Tuesday, May 21, 2013 10:35 AM | Todd Wasserman |
| One of Tumblr's earliest investors, venture capitalist Fred Wilson, says the Yahoo deal will lead to an influx of advertising on the platform and bring it to the level of Facebook and Yahoo in advertisers' minds. "Tumblr has been pushing their native advertising system into the marketplace for the past year," Wilson told interviewer John Battelle Tuesday at the CM Summit in New York.
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