LinkedIn, the social site for business professionals which attracts professionals and job seekers with 100 million worldwide members, is hoping to cash in with a public debut valuing the company at more than $3 billion.
New Yahoo board member Akamai President David Kenny is the obvious choice to replace struggling CEO Carol Bartz, writes The Wall Street Journal’s Kara Swisher. Kenny is smooth and well-liked, has deep advertising experience, has a long relationship with Yahoo and its co-founder Jerry Yang and has tech cred as a leader of one of the Internet’s most important infrastructure companies, regularly in contact with media giants, ad networks and video providers that are Akamai’s clients, Swisher argues.
YouTube is working on a major site overhaul to organize its content around “channels” as it positions itself for the rise of Internet-connected TVs that allow people to watch online video in their living rooms, writes the WSJ’s Jessica Vascellaro and Amir Efrati. Changes to the homepage will highlight sets of channels around topics such as arts and sports and approximately 20 “premium channels” will feature 5 to 10 hours of professionally-produced original programming a week, according to a Vascellaro/Efrati source.
Google’s Larry Page took the reins after a decade of “adult supervision” for Google under Eric Schmidt, as the outgoing CEO called it. The switch comes as mobile gadgets are redefining the way people use the Internet and Google’s main ad business is under threat from fast-growing upstarts such as Facebook and Groupon. Page has yet to make his battle plan public, but industry insiders and analysts expect he will try to shore up Google’s strength in search and mobile while breaking into a red-hot social networking market that has eluded his company.
from Fan Fare:
If you have trouble remembering the days of the week, a teen pop starlet named Rebecca Black has come to your rescue with an annoyingly catchy song that has quickly made her the hottest -- and most lampooned -- phenomenon on the Web. Black was a top-trending topic on Twitter on Tuesday, while her video for "Friday" racked up almost eight million page views in a matter of days.
“Apple fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market,” writes Franklin Paul, Marie Mawad and Sachi Izumi.
Everybody loves free. But free has a price. And that price might just be $9.95 a month, according to The Los Angeles Times, which writes that Hulu, the second most popular video site in the U.S, will soon start charging for a premium version of its site called Hulu Plus. We haven’t been able to confirm the details yet (Hulu’s staffers are sticking to the ol’ decline to comment). But rumors of premium version of Hulu have been doing the rounds for the last year. Back in October an NBC executive said the company was experimenting with various business models, including subscription content.
Viacom’s ongoing legal fisticuffs with Google over alleged piracy on YouTube rages on. The MTV and Nickelodeon owner on Thursday put out nine additional exhibits in addition to the hundreds of pages that were put out last month including transcripted deposition from Google CEO Eric Schmidt. Viacom, which extended CEO Philippe Dauman’s contract today, said the exhibits “make clear one of our core claims in the case: that Google made a deliberate, calculated business decision not only to profit from copyright infringement, but also to use the threat of copyright infringement to try to coerce rights owners like Viacom into licensing their content on Google’s terms.”