Heavyweight media investor Gordy Crawford–who happens to own a big chunk of Time Warner–says the conglomerate plans to dump its magazine business. But I get the sense that Jeff Bewkes and company plan on keeping at least some of the unit’s iconic titles.
More from the post-Q&A Q&A: Yahoo CEO Carol Bartz says major investors like Gordon Crawford support her, and that she’s in the market for medium-sized M&A. Here’s what she had to say.
CEO Carol Bartz explains what Yahoo is getting for its $100 million ad campaign, its first global marketing effort, which was launched today in New York during Advertising Week.
Here’s the rundown of Bartz’s press conference on the branding blowout.
CEO Tim Armstrong says he’s still overhauling the Internet company in advance of its spinoff from Time Warner, but he has hopeful noises to make about ad sales. He has nothing, however, to say about chats with Microsoft.
This isn’t the long-rumored round of mass layoffs, but AOL boss Tim Armstrong did let go of two executives today: COO Kim Partoll is out, as is John Kannapell, SVP of search and local media.
Adam Carolla, the former CBS radio host who started a podcast once he lost his job, has figured out how to turn his talent and Internet audience into money. He’s going back to work for CBS.
Five months after Google sales boss Tim Armstrong left for AOL, his old company is still reshaping its sales group. The latest move: David Fischer, who ran the company’s core self-serve ad business, is going on sabbatical later this month and will return to a different post. Newish sales boss Nikesh Arora says he hasn’t found a successor for Fischer and will step into his shoes in the meantime.
Newish AOL CEO Tim Armstrong hasn’t gone on a massive firing binge. But he’s still shaking up the ranks at the Time Warner unit. Today, for instance, he is installing a new chief financial officer: Artie Minson, the deputy CFO at sister company Time Warner Cable. Minson replaces Nisha Kumar, who held the spot for two years.
Another Google sales exec has left the building: Andrew Rutledge, who has been running publisher sales for Google’s DoubleClick unit for the last year, has taken the same job at PubMatic, an ad optimization start-up.
Give this to Steve Ballmer: After getting roundly hammered in the past few years for either missing out on deals (see: AOL/Google) or paying too much for the ones he did land (see: Facebook at $15 billion), he seems to be on a roll.
Last week, Microsoft was roundly praised for the way it structured its Yahoo deal. And today, the company seems to have struck a smart pact with Publicis, which will pay $530 million for Redmond’s Razorfish digital ad agency, which Ballmer never wanted anyway. Just as important: The French ad giant will agree to buy a certain amount of search and display inventory from Microsoft over the next five years.
We’ve seen multiple studies showing a boost for Microsoft’s search share since it launched Bing a month ago, and now comScore weighs in and says the same thing. ComScore is the market mover when it comes to this stuff, so it will be interesting to see how Wall Street digests the news. My gut: Not a needle mover.
JP Morgan has good news for Microsoft: Its massive ad campaign for Bing is working just fine. The bad news for Microsoft: For most people, Google is already working just fine.
Does the world need another gadget site? Yes, say two of the gadget world’s biggest stars, who are launching gdgt.com today. The site is the work of Peter Rojas, who helped build Gizmodo and Engadget, and Ryan Block, who took the torch from Rojas after he moved on. Gizmodo and Engadget are the best known and most powerful of the new generation of gadget sites, which makes Rojas and Block revered by the gadget gang and able to cobble together funding. But they’re still taking on a very crowded field.
We’ve previously noted that the Web is great at transmitting information quickly, though not always accurately. Same goes, apparently, for stories about the Web’s ability to transmit information quickly. Those reports you read last week about the Internet buckling under the weight of Michael Jackson traffic? Greatly exaggerated, says the analytics company cited most often in those reports.
The “fail” meme is one of the digerati’s least pleasant contributions to pop culture. Wouldn’t be accurate, anyway. Instead, let’s just say that the Internet was…challenged yesterday by the crush of people who flocked to it when Michael Jackson died. And that it seemed to do a pretty good job in the end. That’s a more interesting story, right?
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
