Yu, Zuckerberg and the Facebook fallout

April 1, 2009

Why do we care about Facebook? People you know and respect use it. That includes you. People you know and respect who scoff at it still know what Facebook is. Facebook, like Google, is popular enough to have become a verb as well as a noun. If the public ever got a crack at buying shares in it, lots of people would get rich.

That’s why mass clucking ensued among the technology press when the word came out Tuesday that Chief Financial Officer Gideon Yu is splitting. The Wall Street Journal, so far as we can tell, broke the news. It said:

Now showing: The cable show

March 31, 2009

The big story in the media for the rest of the week is the annual National Cable Telecommunications Association Show, or “the cable show,” as its commonly called.

New York Times brings IHT into the fold

March 30, 2009

It’s no secret that the International Herald Tribune is part of The New York Times Co, so why not flaunt it? Visitors to nytimes.com and iht.com saw evidence of this thinking Sunday (or Monday, depending on where you are).

You were expecting positive newspaper news?

March 26, 2009

A Facebook friend of mine chastised me on Thursday after reading my story about salary reductions at The New York Times and buyouts at The Washington Post. He wanted to know why I hadn’t found anything positive to write about newspapers in a while.

Read The New York Times buyout memos (edited highlights)

March 26, 2009

As we reported earlier on Thursday:

NEW YORK (Reuters) – Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.

Read The Washington Post’s buyout memo

March 26, 2009

The Washington Post is offering new buyouts to help the money-losing paper cut costs as it pursues a plan to become profitable again. You can read our story about it, along with an interview with Publisher Katharine Weymouth. Meanwhile, here are some excerpts from her memo to Post employees:

Read Washington Post chairman’s letter to shareholders

March 25, 2009

Washington Post Co Chairman Don Graham wrote a more than 2,000-word letter to shareholders for his company’s latest annual report. I managed to cut it down to the 587 words that I thought were really worth reading. Graham is the kind of chairman and CEO that you want to cover as a journalist because he seems to rely exclusively on straight talk instead of obfuscation — particularly when the news is bad for the company and for shareholders. Here are the 587 words, with the parts that I found even more interesting than the rest marked in bold type.

U.S. senator touts newspaper non-profit bill

March 24, 2009

Here’s another one that you can loosely file under “Government aid to newspapers,” even though there’s no money that taxpayers would fork over to newspapers. Maryland Democratic Senator Benjamin Cardin introduced a bill on Tuesday to allow newspapers to become non-profit organizations to help them survive.

Fox, New York Times sue U.S. government

March 23, 2009

The latest by-product of the financial crisis? Media lawsuits. More specifically: Government agencies deny or fail to respond to Freedom of Information Act (FOIA) requests by media organizations, which then sue to force the government to own up.

washingtonpost.com gets ready to move

March 23, 2009

It looks like the wheels are in motion for the eventual transplant of washingtonpost.com’s employees from their enclave in Virginia to the mothership at 1150 15th St, NW, Washington, D.C. An alert tipster spotted this advertisement on Page D4 of the Monday edition of The Washington Post (that would be the Business section, soon to be eliminated):