Is Time Inc. building a Kindle Killer? Nope.
A report suggests that Time Inc. wants to get into the hardware business and produce its own e-reader.
That’s something other publishers, like Hearst and News Corp., are actually doing or have at least mulled. But multiple sources familiar with the Time Warner unit’s thinking say that’s not the case here.
Google is laying off 200 people from its sales and marketing group, the company announced today in a blog posting. Google has some 20,000 employees, so the scale of the sackings isn’t earth-shaking news. But the fact that they come from the group that Tim Armstrong ran until he decamped for AOL is interesting.
The tech news aggregator used to rely solely on algorithm to divine what was important on the Web. Now it’s added a human, who happens to be a lot of fun to chat with.
The Gawker Media boss puts his Consumerist site up for sale and folds his Valleywag tech gossip site into his flagship Gawker gossip site. More moves to come. In fact, it wouldn’t be Denton if there were not more moves to come.
A year ago, the conventional wisdom said that the online ad market would still grow in an economic slump because online ads were cheaper, and more effective. And they are. But if the slump is big enough–like the one we’re in now–then all bets are off. Which is why there’s no longer any conventional wisdom about the future of online ads. J.P. Morgan analyst Imran Khan, for instance, thinks growth will slow next year, and has just reduced his estimates. But Gawker publisher Nick Denton thinks we’ll be lucky if there’s any growth, period.
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.
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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