First Tuesday re-animates

Anyone interested in the London tech-networking scene will be aware of one of the better ones, namely Second Chance Tuesday. SCT was founded a couple of years ago when the tech sector came out of the cold, in part as a tongue-in-cheek reference to the first great networking shindig, First Tuesday, which boomed then imploded back in the day. That event started out as a cocktail party in Soho's Alphabet

CBS buys for $280m, plans more ads

As hinted at back in February, has been trawling around looking for a buyer and today it found its harbour in the form of a US media giant. The ‘social music’ site has been bought by CBS Corporation for $280m (£140m). This is less than the earlier rumour, but still the largest-ever buyout of a UK-based “Web 2.0” site. The site was founded in the UK five years ago