Feeds

Mediawave not dead after all

Ex-employee hacks company's Web site and posts hoax (apparently)

  • alert
  • submit to reddit

The essential guide to IT transformation

Yesterday we reported that the company responsible for the infamous Madonna gig Webcast had gone into receivership.

An announcement on the front of its Web site read: "MediaWave today announced it had brought in receivers PWC to assist in its current refinancing round. The company has been the most innovative in the streaming media industry since 1995..." and quoted CEO Chris Frampton as saying he hoped to refinance the company soon. The week before Mr Frampton had told us that a financing deal was on the table and the company was out of danger territory.

However, when the announcement disappeared off the site this morning, we called Mr Frampton to find out what was going on. "It was a hack," he told us. "A disgruntled ex-employee hacked into the site and posted it. He is now tied up resting at the bottom of a river." It wasn't clear whether the person in question was an ex-employee before or after posting the announcement.

So MediaWave is not about to go under? "No, we're working on funding at the moment; the legal stuff should be completed in the next few days." So there you have it. Hopefully. ®

Related Story

Madonna Webcast company hits the wall

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.