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The Economics of the Internet
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New DirecTv Emerges From Combo With Liberty Entertainment
taken years to unravel the tracking stocks and ownerships stemming from Liberty Media (NSDQ: LINTA), but the new, more-than-a satellite-company DirecTV (NYSE: DTV) is ready for its debut following shareholder votes combining it with Liberty Entertainment. The fine points of a deal involving John Mal …
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MTVN And RealNetworks Talking On Reorg of Rhapsody Music JV; Could Include Spinoff/Sale
is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV Networks (NYSE: VIA) and RealNetworks (NSDQ: RNWK) are talking about restructuring their Rhapsody America music JV, according …
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MTVN And RealNetworks Talking on Reorg of Rhapsody Music JV; Could Include Spinoff/Sale
is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV Networks (NYSE: VIA) and RealNetworks (NSDQ: RNWK) are talking about restructuring their Rhapsody America music JV, according …
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SEC Watch: Activist Hedge Fund Harbinger Cuts NYT Stake To 14.6 Percent
Capital Partners continues to slice its stake of the New York Times (NYSE: NYT). Co., selling its second batch of stock in two months. The activist hedge fund that spent more than a half-billion accumulating nearly 20 percent of the publishing companys stock in 2007 now owns less than 15 percent 14 …
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High-Profile BusinessWeek Staffers Cut By Bloomberg; Using Twitter To Break The News
well-known BusinessWeek columnists and editors are among the 100 staffers Bloomberg has cut when the magazines ownership is transferred next month. Some of the names include senior reporter Stephen Baker, Technology & You columnist Steve Wildstrom, personal finance editor Lauren Young, eng …
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College Admissions Site MyFit Raises $1 Million
has raised $1 million in a round led by VC firm New Enterprise Associates. The site takes the information a student enters (like GPA or SAT scores) and returns a students chances of getting inand fitting inat various colleges (It cross references the data with information gathered from graduates at …
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Ebay Successfully Spins Off Skype For $1.9 Billion Cash
all the legal craziness, eBay (NSDQ: EBAY) has closed its deal to sell control of Skype to an investment group led by Silver Lake for $1.9 billion in cash and a $125 million note. The group acquiring 70 percent of Skype in the deal valued at $2.75 billion includes Skype cofounders Niklas Zennström a …
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Chegg Raises An Ungodly $112 Million For Online Textbook Rental Service
like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised a stupendous $57 million in a fourth round of funding. Its the latest company to pull in a big round this month; RockYou, Motley Fool, and Playdom have each raised $25 million-plus rounds over the l …
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eBay Successfully Sells Skype—Gets $1.9 Billion Cash Up Front
(NSDQ: EBAY) has closed its deal to sell VoIP service Skype for roughly $2.75 billion. The group of buyersincluding Silver Lake, Joltid Limited, Andreessen Horowitz and Skype co-founders Niklas Zennström and Janus Friisare paying $1.9 billion in cash up front, with $125 million in principal notes. e …
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With Latest Layoffs, AP Hits Goal Of Reducing Payroll By 10 Percent
Associated Press layoffs this week, combined with earlier cuts, have trimmed payroll costs by 10 percent, the wire service said in a statement. The final tally of the layoffs was 90 news department staffers, the AP said. About 71 jobs were represented by the Newspaper Guild, which has kept a detaile …
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Mozilla's Revenue Growth Slows; No Firefox OS Coming
growth at Firefox-owner The Mozilla Foundation is slowing. Chairwoman Mitchell Baker said in her annual state of Mozilla letter that the foundations revenuewhich it generates primarily from its deal to make Google (NSDQ: GOOG) the default search engine on its browserincreased five percent year-over- …
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AP Achieves 10 Percent Payroll Reduction With 90 Layoffs
Associated Press layoffs this week have satisfied the goal of reducing payroll costs by 10 percent, the wire service said in a statement. The final tally of the layoffs was 90 news department staffers, the AP said. About 71 jobs were represented by the Newspaper Guild, which has kept a detailed list …
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MTV And RealNetworks Talking on Reorg of Rhapsody Music JV; Could Include Spinoff/Sale
This is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV and RealNetworks (NSDQ: RNWK) are talking about restructuring their Rhapsody music JV, according to an SEC filing just fi …
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eBook Distributor Smashwords Buys Online Self-Publisher BookHabit
which was one of the first eBook distributors to be have its self-publishing platform included in the new Sony (NYSE: SNE) digital bookstore, has acquired author community site Bookhabit. Terms werent disclosed, but a source told paidContent the deal was done for about $1 million. Both companies wer …
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Sony Prepping A Pay-To-Play Service For The PlayStation Network
aside, one of the biggest differences between Microsofts Xbox LIVE gamer network, and Sonys PlayStation Network (PSN) has been the cost: If you want to play against other gamers on Xbox LIVE, you need to pay around $50 annually for Gold service (though various retailers offer discount cards); multi- …
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High-Profile BusinessWeek Staffers Cut Before Bloomberg Move; Announce It on Twitter
well-known BusinessWeek columnists and editors are among the 100 staffers Bloomberg has cut when the magazines ownership is transferred next month. Some of the names include senior reporter Stephen Baker, Technology & You columnist Steve Wildstrom, personal finance editor Lauren Young, eng …
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Google Gives A Sneak Preview Of Its Chrome OS; Microsoft Reacts
(NSDQ: GOOG) isnt launching its Google Chrome operating system quite yetbut it is ready to talk about it. During an event Thursday, VP of product management Sundar Pichai said the operating system was a year away from launch but said the company had made tons of progress on what will certainly be it …
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Chegg Raises An Ungodly $57 Million For Online Textbook Rental Service
like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised $57 million in a fourth round of funding. Its the latest company to pull in a big round this month; RockYou, Motley Fool, and Playdom have each raised $25 million-plus rounds over the last several w …
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Some High-Profile BusinessWeek Staffers Won't Move To Bloomberg; Announce It on Twitter
well-known BusinessWeek columnists and editors are among the 100 staffers Bloomberg has cut when the magazine next month. Some of the names include senior reporter Stephen Baker, Technology & You columnist Steve Wildstrom, personal finance editor Lauren Young, engagement editor Shirley Bra …
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Google Gives A Sneak Preview Of Its Chrome OS
(NSDQ: GOOG) isnt launching its Google Chrome operating system quite yetbut it is ready to talk about it. During an event Thursday, VP of product management Sundar Pichai said the operating system was a year away from launch but said the company had made tons of progress on what will certainly be it …
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