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July 21, 2009

Exclusive: Shiny Media goes into administration

Filed as News with 5 comments

I’ve just had word that UK new media/blogging network Shiny Media has gone into administration.

Despite this year’s cutbacks and new additions, it doesn’t seem to have been enough to save the company.

Bright Station Ventures ploughed $4.5m of funding into the company in 2007 (Update: apparently the self-reported news that Shiny Media received $4.5m in funding was incorrect but was never retracted.). There’s no official word yet on how the relationship between the two companies stands, but I’m sure you can speculate on that. read more

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