Google’s second quarter earnings disappointed Wall Street yesterday and sent its shares tumbling. The search giant blamed lower returns from managing its huge cash piles but analysts are also concerned the market leader in search advertising might augur a wider slowdown in online advertising.
Dallas Morning News and Providence Journal publisher AH Belo Corp is getting some online representation. David Morgan, who worked at Time Warner’s AOL between September 2007 and February 2008, is joining the Dallas-based company’s board, the Morning News reported on Thursday.
We weren’t expecting huge surprises during Yahoo’s earnings conference call, but CEO Jerry Yang was spectacularly vague about the Internet company’s plans vis-a-vis Microsoft or any other potential tie-ups — with Google, Time Warner’s AOL or News Corp — that Yahoo has been working on.