Tumblr announced in a blog post that it is disbanding its editorial team and closing its Storyboard project. Tumblr had formed its editorial team of experienced journalists and editors over a year ago with the goal of covering Tumblr as a living, breathing community. Read More

Optimizely, a A/B testing service, announced that it is has raised $28 million in a round of funding, led by Benchmark Capital along with participation by Bain Capital Ventures, Battery Ventures, InterWest Partners, and Google Ventures. Read More

Bloomberg reports that New York-based cable company Cablevision is seeking a $1.9 billion loan to pay back debt with Bank of America as the likely lender. Read More

VentureBeat reports that gamification startup Badgeville has named Ken Comée as its new CEO. Comée was previously the CEO of Cast Iron Systems, which IBM purchased to extend its cloud computing business. Read More

Reuters reports that Microsoft and Nokia are among a group of companies putting pressure on EU antitrust regulators to take action against Google, blaming it of for blocking competition in mobile telephony. Read More

At the NAB Show, Adobe Systems (Nasdaq: ADBE) today announced the general availability of Adobe® Primetime (formerly “Project Primetime”), an advanced TV publishing and monetization platform for programmers and pay TV service providers. Read More

To wrap up our Q&A series with SPROCKIT participants, we sat down with the founders and CEOs of three featured organizations specializing in content creation – NewsiT, Flixmaster and SnappyTV. They’ve shared with us their excitement for the SPROCKIT program, some of their most inspirational moments and a few little-known facts about themselves (including one CEO earned $100 in one day through her ‘performance art’ business.) SPROCKIT kicks off this weekend at NAB Show, April 6-11 in Las Vegas. Read More