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.
Did you know that Internet publishing–Internet publishing supported by advertising, that is–creates millions of jobs in this country? It’s true, says a trade group, which is trying to convince Washington that all that is at risk if people start passing pesky laws.
As predicted, Google saw its revenue decline from the last quarter of 2008 to the first three months of this year. The search giant said it generated net revenue of $4.07 billion, which is down from the 4.22 billion Google notched in the previous quarter, and it’s a tad shy of the $4.08 billion consensus. But investors are going to be pleased with the non-GAAP earnings number: $5.16 share, up from $5.10 per share in the previous quarter and way, way above the $4.90 per share consensus. Bottom line: Google has cut back on its expenditures and that’s boosted profits.
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.
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