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Where media and technology meet

April 9th, 2009

Facebook in New York City?

Posted by: Alexei Oreskovic

Now that investment banks are nearly extinct, New York City Mayor Michael Bloomberg wants tech companies to fill the void.

The mayor told reporters at a press conference about environmental initiatives on Thursday that the city is in talks with Facebook about opening a New York city office.

“I met with people from Facebook the other day,” Bloomberg said. “They’re opening an office here.”

Funny thing is, Facebook, which is headquartered in Palo Alto, California, already has a New York office near Times Square. It’s one of Facebook’s 10 worldwide offices, spread out in locations like Chicago, Atlanta and Venice Beach, California and Dublin, Ireland.

Most of the U.S. offices are primarily sales offices, said Facebook spokesman Larry Yu.

Could the hot Internet company, which signed up its 200 millionth active user this week, be looking to relocate more of its business operations, beyond sales, to the Big Apple?

Yu wouldn’t comment on any plans relating to Facebook’s New York office, and declined to confirm that Facebook was even in talks with Bloomberg.

“We’re not going to be commenting on any speculation in terms of what our operational plans might be,” said Yu.

(Additional reporting by Edith Honan)

Photo: Reuters

July 10th, 2008

Sun Valley at the bar

Posted by: Kenneth Li

sergey.jpg

Camping out at the Sun Valley Lodge bar on day 2 of Allen & Co’s annual Sun Valley mogul fest — a time honored tradition — is kind of like Disneyland for folks like us.

Slightly to extremely inebriated tycoons of the media and tech industry wander the lobby huddled in small groups chatting about stuff that few will remember in a few hours, while reporters try to keep pace with the liquor consumption and the conversation.

A quick snapshot:

  • Google co-founder Sergey Brin on Yahoo: “Good company, good partner. A lot of excitement going on. For recent events, talk to the CEO.” We think he meant Yahoo’s Yang, who has yet to show up. Brin then realizes that standing next to him is Sony Executive Deputy President Katsumi Ihara. Ihara to Brin: “We called you last year about something and we never heard from you!” Brin to Ihara: “I have something for your TVs.” Out of nowhere, Sony CFO Rob Wiesenthal jumps in to rescue Ihara. Fun’s over.
  • While I was chatting up Comcast CEO Brian Roberts, New York Mayor Mike Bloomberg jumped in: “If he offered cable service in New York City, I’d switch in a second!” Brian fires back: “Let me tell you. Here’s the next President of the United States.” (We think he meant the next next President)
  • Winner of high wattage table of the night:  Google co-founder Larry Page, Legg Mason’s Bill Miller (Yahoo investor), former Yahoo CEO Terry Semel, Yahoo President Sue Decker, Davis Advisors’s Christopher Davis, Sergey Brin. In response to a question about what everyone talked about, Brin tells the AP reporter Jeremy Herron that he learned about money markets. 

(Photo: Reuters/Rick Wilking / (l to r) Amazon’s Jeff Bezos, Google’s Sergey Brin, Allen & Co.’s Nancy Peretsman at Sun Valley 2007)

April 21st, 2008

UPDATED-Might Bloomberg buy the New York Times?

Posted by: Franklin Paul

Pope Benedict XVI speaks to New York Mayor Michael Bloomberg at Ground Zero in New York,UPDATE - Bloomberg told a press conference on Monday that he is not entering the newspaper business, saying:

“I am not a newspaper person.

Could New York Mayor Michael Bloomberg someday become New York Times Publisher Michael Bloomberg? (pictured on left, with Pope Benedict)

While it’s not a new idea, most media outlets — present company included — are all abuzz over the idea, and it has been reported that aides are whispering to Bloomberg he should merge Bloomberg LP, the financial news organization he created, with the Times.

The new smolderings come as the paper’s parent company feels pressure from dissident shareholders to spark advertising sales and dump assets to bolster its share price.

The press excitement is partly fed by the wrestlemania-ish notion of a Bloomberg-run media empire tackling Rupert Murdoch’s media kingdom. Murdoch himself has made no secret about giving the Times a run for its audience with the beefed up political news now appearing in his Wall Street Journal.

The idea of Bloomberg-as-rescuer has been bandied about before, the Washington Post points out, by the likes of Jim Cramer, Michael Wolff, and others.

But with the clock ticking on Bloomberg’s political career — his mayoral stint ends next year, although he could still seek higher office — the New York Daily News notes that it remains unclear where he will “devote his managerial prowess and $11.5 billion fortune.”

For the record, the Times tells us the company’s controlling Ochs-Sulzberger clan still believes in its current capital structure as the best way to keep the paper independent and full of editorial integrity.

(New York Post)

(Reuters)

Keep an eye on:

  • USA Today publisher Gannett posted a drop in quarterly profit because of falling print advertising sales. (Reuters)
  • Sumner Redstone’s Viacom will launch a premium TV and movie channel with Lionsgate and Metro-Goldwyn-Mayer, aiming a direct volley at Time Warner’s HBO as well as Redstone’s own Showtime networks owned by CBS. (Reuters)
  • Deepak Nayar, behind such films as “Buena Vista Social Club” and “Bend it Like Beckham,” and Sandy Grushow, the former chairman of Fox Television Entertainment, are launching Filmaka (http://www.filmaka.com), a new kind of studio that uses the Web to cultivate the next great talents. (Reuters)
  • MySpace promotes Jeff Berman to the new post of president of sales and marketing. His role as Fox Interactive Media’s social net’s ad sales came as part of a reorganization that decentralizes advertising. (PaidContent)

(Photo: Reuters)