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Fox Interactive Loses $38M In Q2 Says NewsCorp

February 5, 2009

In a depressing earnings call today with the NewsCorp team, Rupert Murdoch outlined the $6.4 billion loss. Murdoch said “the downturn is more severe and likely longer lasting than previously thought.” and “We are implementing rigorous cost-cutting across all operations [...]

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iPhone 2 Rumors Get Some Hard Evidence

January 29, 2009

Rumors of a new iPhone are getting a little warmer today as there looks to be two iPhone 2’s out in the wild. Notice the product key discovered in the new iPhone update denotes 2,1 model. According to MacRumors, “Apple uses these models numbers to distinguish between different hardware models. The original iPhone carries the [...]

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AOL CEO’s Letter To Staff Regarding Layoffs

January 28, 2009

AOL CEO Randy Falco’s letter to the staff about laying off 10 percent of its workforce (around 700 people). Falco blames the economy flattening advertising revenue. Looks like pouring money into Platform A, AOL’s advertising network which launched September 2007, wasn’t a good idea. Here is the letter:

Dear AOL colleagues,
I’m writing to tell you about [...]

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How Google’s Earnings Will Hold Up This Thursday

January 19, 2009

Google earnings expected to be grim when they are released Thursday. According to the WSJ, U.S. search advertising spend fell 8% in the fourth quarter of 2008 from the same period in 2007, according to a new study from search advertising firm Efficient Frontier, whose search industry spending index was flat for most of 2008. [...]

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Carol Bartz Compensation Plan

January 16, 2009

Breakdown of Yahoo’s new CEO compensation. A little ridiculous considering her experience running a search/advertising company (which is none)

1. Compensation. Your starting annual base salary will be at the rate of one million dollars ($1,000,000) per annum, less applicable taxes and withholdings, paid in accordance with the Company’s normal payroll practices and subject to annual [...]

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