Celebrity blog network Buzz Media has signed a strategic partnership deal with OK! Magazine.

Under the deal OK! Magazine has relaunched OKmagazine.com as a member of Buzz Media’s Celebuzz network. Both companies will revenue share on the site and OK! Magazine will share content with the network.

The deal is another big one for Buzz Media, the blog network that has not only bought up a range of celebrity blogs, but also provides blogs for celebrities themselves, including Kim Kardashian, Mischa Barton and others.

Previous Buzz Media coverage here.

(via Paid Content)

Buzz Media signs OK Magazine deal is a post from: The Inquisitr

Celebrity blogging company Buzz Media has cut 20% of its workforce.

The cuts amount to around 15 employees, leaving a total of 75, and come only weeks after the company (previously known as Buzznet) raised a round of $12.5 million.

PaidContent reports that the company is winding back plans to launch new properties given the broader economic climate. The cuts affected product developers, engineers, design and editorial, but not the sales team. The company said it was still on track to be profitable by the end of 2009.

Buzz Media cuts 20% of workforce is a post from: The Inquisitr

Fresh from a new round of $12.5 million, Buzz Media has landed the rights to the official Nicole Richie blog.

Richie will share exclusive videos, photos, and news about her daily life, House of Harlow 1960 jewelry line, as well as her Richie Madden Children’s Foundation on the new site according to PopCrunch. “I have always wanted my own online destination to share my experiences and I’m grateful to have this opportunity to connect with people in meaningful ways,” says Ritchie.

Along with its stable of popular celebrity news blogs, Buzz Media has also been carving out a niche as a host of official blogs from actual celebrities. The company currently hosts official blogs for two Kardashians, Britney Spears, Kendra Wilkinson and even the serially unemployed Mischa Barton. The irony of course is rich: on one hand, the company publishes salacious rumors about celebrities, and on the other gives those same celebrities a platform to respond. Nice work if you can get it.

Buzz Media lands official Nicole Richie blog is a post from: The Inquisitr

Celebrity blog network Buzz Media (formerly Buzznet), which owns the Celebuzz sites among others has raised $12.5 million in a round led by Focus Ventures that also included Anthem Ventures, New Enterprise Associates, Redpoint Ventures and Sutter Hill Ventures.

Buzz Media’s network includes well known names in celebrity and entertainment blogging including  Celebuzz, Buzznet, the Superficial, SocialiteLife, What Would Tyler Durden Do, Stereogum, Idolator, Just Jared and Absolute Punk. The  network does 40 million uniques a month.

Buzz Media said that will use the new round for “the continued growth of its portfolio of leading pop culture properties.”

Buzz Media’s round follows a round of $5 million for sports blog network SB Nation in January; despite the downturn, there’s still VC funding around for blog networks.

Celebrity blog network Buzz Media takes $12.5 million is a post from: The Inquisitr