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The Economics of the Internet
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@Paley Center: Bewkes on Justifying CNN's Low Ratings
am at the Paley Center in midtown Manhattan, for their big yearly powwow on the future of global media and entertainment, listening to Katie Couric interview Jeff Bewkes and Les Moonves. Among the other questions, an audience member asked about the low ratings of CNN, compared to Fox and MSNBC. Bewk …
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DirecTV Finally Gets New CEO: PepsiCo's Michael White
Five months after Chase Carey returned to News Corp (NYSE: NWS). as deputy chairman and COO, DirecTV (NYSE: DTV) finally has a successor as CEO: Michael White, now CEO of PepsiCo International and vice chairman of PepsiCo. The announcement comes on the eve of a special shareholder meeting to approve …
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LimeLife Raises Another $1 Million
content firm LimeLifewhich runs an online site aimed at the 18-34 year-old set, along with a corresponding mobile propertyhas raised another $1 million in funding, according to an SEC filing. Unclear who provided the new cash, although the filing lists partners at previous backers Monitor Ventures, …
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Location-Based Ad Net 1020 Placecast Raises $5 Million Second Round
Placecast, a location-based ad network and platform, has raised $5 million in a second round of funding. New investor Quatrex Capital joined for this round, with participation from previous backers Onset Ventures and Voyager Capital. 1020 will use the money to continue building out its location-base …
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Case And Leonsis Sell Revolution Money To AmEx For $300 Million
When Steve Cases internet payment startup Revolution Money raised a $42 million round last April from Goldman Sachs, Morgan Stanley and Citigroup, Chairman Ted Leonsis said the company had no plans for a sale or IPO before 2011. Looks like the calendar pagesand the companyflipped a lot faster than L …
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Updated: Hulu in Limited Music Video Deal With EMI; How Long Before a Vevo Deal?
below: Hulu is doing a limited deal music video deal with EMI, which could be interpreted as a sign of things to come: it is tying up with struggling EMI to feature all of Norah Jones music videos, concerts and related material on the site, reports NYT. Jones has a new album coming out this week, so …
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Fox Turns To TypePad Bloggers To Hype New Movie, 'Avatar'
Century Fox is going social to promote its upcoming film, AVATAR, by partnering with TypePad owner Six Apart, to launch branded blogs and micro-blogs. AVATAR fans can get branded themes for their blogs, as well as trailers, behind-the-scenes clips, and news updates about the film, which launches in …
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EchoStar's Ergen Hands Off CEO Post; Stays As Chairman
Ergen is handing off his duties as president and CEO of satellite tech company EchoStar (NSDQ: SATS) to returning exec Michael Dugan. Ergen will stay on as chairman; hes also still chairman and CEO of Dish Network, which spun off EchoStar in 2008. Dugan serves on EchoStars board. Dugan held several …
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First Look: Zune, Twitter, Facebook And Last.fm On Xbox
Four months after announcing the features, Microsoft (NSDQ: MSFT) added social networking and music radio functionality to its Xbox 360 console on Tuesday, along with the first European foray for its Zune brand (see earlier reports from Tameka and I). Here are my initial explorations with each new s …
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BusinessWeek Under Bloomberg: About 100 Staff To Be Laid Off
the cuts and changes will happen anyway, despite whatever the promises were, reminiscent of the Murdochs promises to the Bancroft family at the time of the Dow Jones (NYSE: NWS) deal. Bloomberg will lay off about 100 staffers from BusinessWeek staff when the deal to buy it from McGraw-Hill (NYSE: MH …
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A Tale of Toxicity: What Happens Next at EMI?
the big four major label groups, EMI stands out as the most distressed. But what happens next in this tale of toxicity? The outcome depends on a number of volatile variables, though the rejection of a $1.67 billion injection proposal by Terra Firma is hardly an uplifting development.&nbs …
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iMeem: From Tens Of Millions In Funding To Fire Sale
this is being written, negotiations between MySpace Music and social music startup iMeem are still underway with issues including how much staff would make the move (possibly engineering and sales), whether cofounder and CEO Dalton Caldwell would come along a la iLikes Partovi brothersnow execs with …
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Mag Publisher Burda Buying A Quarter Of Xing; $287 Million Valuation
mag publisher Burda Media is buying a 25.1 percent stake in the business-focused social networking site Xing.com for a total of €48.29 million (£42.7 million, $71.9 million), making it Xings biggest single shareholder. Burda is making the deal through its Burda Digital division, buying 1.32 million …
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Hulu in Limited Music Video Deal With EMI; How Long Before a Vevo Deal?
is doing a limited deal music video deal with EMI, which could be interpreted as a sign of things to come: it is tying up with struggling EMI to feature all of Norah Jones music videos, concerts and related material on the site, reports NYT. Jones has a new album coming out this week, so that explai …
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Bankruptcy Court Approves Charter's Reorg Plan; Could Emerge From Chapter 11 Within Weeks
eight months after Charter Communications (NSDQ: CHTR) filed for Chapter 11, a bankruptcy court judge has endorsed the cable operators reorganization plan, the company announced. The news comes a day after it was disclosed that the St. Louis-based companys chairman, Paul Allen, has been diagnosed wi …
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ThePlatform Rolls Out New Service For 'TV Everywhere'
key idea behind TV Everywhere is that subscribers will be able to watch shows not only from the websites of their cable providers but also elsewhere online, including the sites of the various networks in their cable packages, whether its the History Channel or Lifetime. White-label video service The …
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PalTalk Buys Virtual Phone-Number Provider Vumber
chat service Paltalk has acquired Vumber, a service that provides disposable phone numbers. Terms werent disclosed. New York-based PalTalk began working with Vumber last February. Vumbers service promises privacy and an additional layer of call-screening for people who use dating sites, online perso …
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Newsweek Eyeing Sale Of Budget Travel Mag
times still tough for magazines and the travel category in general, Newsweek is considering unloading Arthur Frommers Budget Travel magazine, AdAge reports, citing unidentified sources. The magazine may either be sold whole or Newsweek may accept the taking of partial equity stakes in the travel boo …
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Yahoo Shuts Down Yahoo Go; Will Continue Building Smartphone Apps
(NSDQ: YHOO) will shut down its four-year-old Yahoo Go service at the beginning of next year, so that it focus on building services in the browser and applications for high-end smartphones, like the iPhone and Android. Yahoo Go was a downloadable application that provided access to Yahoos search, …
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Newsweek Eying Sale Of Budget Travel Mag
times still tough for magazines and the travel category in general, Newsweek is considering unloading Arthur Frommers Budget Travel magazine, AdAge reports, citing unidentified sources. The magazine may either be sold whole or Newsweek may accept the taking of partial equity stakes in the travel boo …
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