Los Angeles, U.S.A. — BUZZMEDIA one of the fastest growing digital media companies, has acquired SPIN Media, an iconic brand and pioneer in music journalism for more than 25 years—extending BUZZMEDIA’s commitment to providing the most insightful and authentic coverage of music and culture.

Under the terms of the deal, BUZZMEDIA gains SPIN.com, an industry-leading source of news and features; SPIN’s print magazine; the award-winning SPIN Play app for iPad; and SPIN’s established events business.

“As music consumption continues to grow, there is an enormous demand for deeper context and engagement with thousands of diverse artists,” said Tyler Goldman, CEO of BUZZMEDIA. “SPIN’s category-leading editorial and photographic content provides the added social context that the audience is seeking by identifying, exploring and documenting the trends and scenes that shape music culture. While content is now being consumed across numerous devices, the key for all platforms is the type of great storytelling that SPIN provides.”

SPIN complements BUZZMEDIA’s existing suite of leading music offerings—including Stereogum, Idolator, Hype Machine, Pure Volume, Brooklyn Vegan, AbsolutePunk, Buzznet, Concrete Loop, Gorilla vs. Bear, Pop Matters, Punk News, RCRD LBL, and the recently acquired XLR8R. From a reach standpoint, these properties establish BUZZMEDIA as the fourth largest digital publisher of original music content in the U.S., alongside MTV, Yahoo! Music and AOL Music, according to comScore*.

Adding SPIN builds on this reach and BUZZMEDIA’s unsurpassed coverage of music and the surrounding culture through its in-depth and thoughtful narrative on issues that matter to millennials (18-to 34-year-olds) globally. BUZZMEDIA will continue to invest in this vision by expanding the overall SPIN editorial team and coverage areas in connection with extending digital distribution, so that audiences can better experience, consume and participate in SPIN’s original content.

“As our audience has migrated to digital platforms, so too has SPIN, as evidenced by our growing audience of more than one million digital users and our award-winning iPad app,” said Alan Nichols, CEO of SPIN Media. “This deal greatly accelerates our digital transition, enabling us to not only tap into BUZZMEDIA’s digital audience of 120 million unique monthly visitors, but also its ability to foster original, authentic and insightful voices in a digital world.”

The SPIN acquisition is part of BUZZMEDIA’s ongoing efforts to provide the voices that define popular culture for millions of millennials. BUZZMEDIA is among the top-40 most trafficked online destinations in the U.S. according to comScore, and more than one in four millennials consume content fromBUZZMEDIA digital brands every month.

For more information about Buzz Media and Spin please visit www.buzz-media.com and www.spin.com

Image Courtesy of   BuzzMedia

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Washington, U.S.A - International agency Oxfam warned that the announcement of the “New Alliance to Increase Food and Nutrition Security” focuses too heavily on the role of the private sector to tackle the complex challenges of food insecurity in the developing world. The organization called instead for G8 leaders to keep the promises they have already made to help developing countries invest in sustainable solutions to hunger and poverty.

“The New Alliance is neither new nor a true alliance,” said Oxfam’s Lamine Ndiaye. “The rhetoric invokes small-scale producers, particularly women, but the plan must do more to bring them to the table.” Smallholder farmers, many of whom are women, make up the majority of hungry people in poor countries and are key agents of change in their communities.

Three years ago, at the G8 Summit in L’Aquila, Italy, and President Obama rallied the leaders of the world’s richest countries to pledge $22 billion to poor countries that had good plans to tackle hunger. Seven months away from the end of the L’Aquila initiative, dozens of poor countries have lived up to their end of the bargain, but the G8 is falling down on the job.

“President Obama deserves credit for focusing the G8′s attention on the fact that one billion people go to bed hungry every night,” said Oxfam’s Gregory Adams. “We applaud the clear focus on the target of helping 50 million people escape hunger and poverty through agriculture.”

“G8 leaders should join President Obama to commit resources to help developing countries reach this ambitious goal. The pledge to find $1.2 billion for the trust fund to support country agriculture plans is a good start. But the G8 should recommit to the partnership they began at L’Aquila and maintain that level of investments. Otherwise, they’ll be offering a shrinking solution to a growing problem.”

The alliance includes 45 companies from around the world, representing what G8 leaders hope will be the missing link to achieve transformational development in poor countries. While there is a positive role for the private sector in the fight against global hunger, the plan’s top down approach does not reflect what many people in poor countries say they want or need. The average private sector role in existing country food security plans, the basis for the L’Aquila agreement, is about 5%, and most have no role at all.

“This new alliance – is a nice complement at best, a deflection at worst. The role of the private sector is important, but they will not be able to make up for the G8′s broken promises,” said Ndiaye. “Smallholder farmers need the freedom to pursue their own growing strategies, not take overly-prescriptive tips on farming from G8 leaders, or one size fits all technologies from far away CEOs.”

A number of African civil society leaders and groups publicly raised concerns about the path the G8 is taking on food security in an open a letter to the G8 and a declaration signed at a Committee on World Food Security Consultation for African civil society groups in April of 2012.

“Having been developed without African civil society, it’s unclear what role they will play in its execution,” said Ndiaye.

The plan mentions but must do more to address the growing threats of climate change and natural resource constraints. And while the G8′s initiative endorses the United Nations Voluntary Guidelines on Land Tenure, an important step forward in preventing land grabs, they make a misstep in also legitimizing a weaker World Bank standard.

“Unless the G8 reaffirms and continues its L’Aquila pledges, they are passing the buck on global hunger,” said Adams. “The private sector, especially local small and medium enterprises, can play an important role in tackling food security, but G8 leaders have to first deliver on their end of the deal.”

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