I received an email tip via Performancing today about some key b5media personalities having to leave the network–one of the bigger blog/new media networks today, in terms of content and contributorship. Foremost of these is AboutWeblogs.com founder and b5media “co-founder” Shai Coggins. In a blog post today, Shai explains the circumstances behind her leaving b5.
Even with the fresh injection of funding, the economic times aren’t cooperating.
So, it all ended with another Skype chat. Well, sort of. On the 14th of January 2009, I used Skype to pay for the call to the b5 conference line – where the company COO and CEO broke the news to me.
Times are tough.
And that’s how it ends.
I’m not sure I am at liberty to quote or discuss the actual contents of the email, as it appears to be privileged communication between Jeremy Wright and his fellow b5’ers. But it appears that this move was due to some belt-tightening measures that the company has had to do in line with its trimming of costs, refocusing of strategies and exploring of new opportunities. [Read more…]