BuzzMedia Becomes SpinMedia

Los Angeles-based online entertainment, music, and advertising firm BuzzMedia is no more: it's just rebranded itself SpinMedia. The publisher, which owns such brands as Celebuzz, Sterogeom, Idolator, JustJared, and many other music-related sites, acquired longtime music magazine Spin back in July of last year. BuzzMedia started its life as BuzzNet. The firm is venture backed by Anthem Ventures, Focus Ventures, Interscope, New Enterprise Associates, Redpoint Ventures, Sutter Hill Ventures, and Universal Music Group.