In the News

AOL Music Is Closing

AOL employees revealed Friday on Twitter that news website AOL Music and properties associated with it will close and employees in the division will be immediately laid off.

Spinner, a rock news website under the AOL Music umbrella, tweeted (and then deleted) this message to its 48,000 followers: “Hey guys. Just found out from AOL that we’re shutting down. Today is our last day. Seriously.”

Chosen excerpts by Job Market Monitor

http://mashable.com/

via AOL Music Is Closing.

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Under New Content Boss, AOL Shutters Music Division 

AOL has shuttered its entire Music division, the company announced on Friday, laying off the few dozen employees in a division that has faltered over the past few years.

News of the layoffs leaked on Friday afternoon, as staffers who were in attendance live-tweeted their own dismissals.

AOL joins the ranks of the major portals offloading their music divisions over the past six years. 2006 saw Microsoft’s shuttering of MSN Music, while Yahoo closed the doors on its Yahoo Music services in 2008, as well as shutting down its MusicMatch service the year prior (just three years after acquiring it in 2004 for $160 million).

AOL Music, in particular, has waned in popularity with the rise of other streaming music services like Spotify, Pandora and the like, along with a series of executive departures.

Chosen excerpts by Job Market Monitor

AllThingsD

via Under New Content Boss, AOL Shutters Music Division – Mike Isaac – Media – AllThingsD.

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