Posts Tagged ‘Media business’

Yell to Focus on ‘Local Search’

Wednesday, February 16th, 2011

I’ve never used Yell myself, but it sounds like an interesting solution for localized searches …

Yellow Pages publisher to restructure global operation as it looks to avoid potential breach of banking covenants

Yell is to restructure its global operation and focus on owning “local search” to try to defend its business from rivals including Google and Groupon, as the embattled directories company looks to avoid a potential breach of banking covenants.

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LinkedIn Plans to Float this Year

Friday, January 28th, 2011

It’s kind of hard to see how a business-oriented social networking site could be as widely used as Facebook. I mean, once you’ve posted your resume, what reason is there to visit again?

Social networking site aimed at business professionals to lead wave of IPOs at companies such as Facebook and Groupon

LinkedIn, the online service for business professionals, is to go public this year, the first social networking company to float on the New York stock exchange.

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Global Digital Music Sales Slowing Despite Piracy Crackdown

Thursday, January 20th, 2011

Could it be that the music industry just isn’t coming out with very much worthwhile new music lately (it certainly seems that way to us older guys.)

Industry looks to subscription services such as Spotify to help reverse drop in total worldwide music sales of up to 9% in 2010

The crackdown on websites aiding distribution of pirated content such as LimeWire and Pirate Bay failed to stem falling music sales last year, according to industry figures that show that the global growth in digital music halved in 2010.

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News Corp ‘Out of Patience’ with MySpace

Thursday, November 4th, 2010

From what I’ve read, a lot of Murdoch’s businesses have been losing money lately. MySpace has a lot of users; it’s hard to see how the right management couldn’t make it more profitable …

News Corp president says MySpace losses are ‘neither acceptable or sustainable’

MySpace, once the world’s number one social network, was put on notice by its parent company, News Corp, last night after one of the company’s top executives said that its losses were “neither acceptable or sustainable”.

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Yahoo ‘Targeted for Buyout’

Friday, October 15th, 2010

With a little bit of fine tuning, it does seem like Yahoo could be a likely candidate to give Google a run for its money …

Shares rise as AOL and News Corp are reported to have been approached by private equity firms about takeover

Yahoo is being targeted by private equity companies, two years after an audacious – but unsuccessful – bid from Microsoft.

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Phorm Posts $15.6m Loss Before Tax

Thursday, September 30th, 2010

Plenty of funding, yet no profits … lots of investor excitement for a largely irrelevant product … this story sounds like something out of the tech-bubble days of the early 2000’s.

Behaviourally targeted online advertising firm continues to burn through dwindling cash reserves at $1.8m a month

Phorm, the behaviorally targeted online advertising firm, has posted a loss before tax of $15.6m (£9.8m) in the six months to the end of June – and continues to burn through its dwindling cash reserves at $1.8m a month.

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Shareholder trading values Facebook at more than $33bn

Wednesday, August 25th, 2010

I never would have dreamed that Facebook generated that much ad revenue … especially since Facebook allows you to delete ads that you don’t want to see.

With shares selling for up to $76, investors are calculating social networking site is worth nearly twice as much as Yahoo!

Facebook is now being valued at more than $33bn (£21.3bn) as investors try to secure a stake in the social networking site in anticipation of its flotation on the US stock market.

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