Dear Tiny Mix Tapes,
After coming home from a long day working at my local independent record shop, I opened up my web browser to find that my favorite music news website Stereogum is going to be involved in some sort of deal. Could you tell me what this is about? Should I find a new source for music news?
- Shaking in Vintage Cowboy Boots
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Dear Loser (Chris),
You heard right! Stereogum’s owners (founder Scott Lapatine and former executives from AOL and MTV) have decided to swap their shares in Stereogum for stakes in social networking site Buzznet. Estimated at $5 million, the deal does not mean they’re cashing out of Stereogum, only that they’re moving equity stakes to Buzznet. Translation: Stereogum is corporately owned, and the corporate owners are talking about BORING LEGAL CRAP.
As for your second question: does God hate you or something? Is that why you’re reading sites other than TMT? You need no other source but here. We can assure you we don't have executives from AOL and MTV.
Love,
Tiny Mix Tapes
