Paul's Feed
Jul 9, 2010

Google’s Schmidt undaunted by Apple or Facebook

SUN VALLEY, Idaho (Reuters) – Google Inc Chief Executive Eric Schmidt rejected any notion that Apple Inc or Facebook presented a threat to the web search leader’s business.

Most people “assume that these are zero-sum games, which are battles to the death,” said Schmidt, who spoke with reporters in a one-hour briefing on Thursday at Sun Valley alongside Google co-founders Larry Page and Sergey Brin.

Jul 9, 2010

Google confident of getting China web license

SUN VALLEY, Idaho (Reuters) – Google Inc(GOOG.O: Quote, Profile, Research) Chief Executive Eric Schmidt expressed confidence the company will secure a license to operate a website in China, confounding speculation Beijing may shut down its flagship site there.

Schmidt, addressing executives and financiers at an annual gathering of the industry’s movers and shakers in the Idaho mountain resort of Sun Valley, said he expected Beijing to renew its license to operate a website in the world’s largest Internet market, but offered no timeframe.

Jul 6, 2010
via MediaFile

Live blog from Sun Valley media bonanza

Welcome to our Sun Valley live blog, running July 6-July 10. Check here for the latest buzz from one of the most important media gatherings of the year.

Jul 6, 2010

At Sun Valley, brighter moods may not mean big deals

NEW YORK (Reuters) – As Rupert Murdoch, Bob Iger and other media honchos assemble in Sun Valley this week for some fly-fishing or white water rafting, spirits should be brighter than a year ago: stock prices are up by about a third, after all.

That alone provides the currency and freedom to get down to the real business of the media summit, one that boutique investment bank Allen & Co annually hosts in the shadow of the Pioneer Mountains in Idaho. For the past 27 years, the Sun Valley Lodge has been the spot where blockbuster media deals have been hatched.

Jun 24, 2010

Google and YouTube defeat Viacom in copyright lawsuit

NEW YORK (Reuters) – Google Inc won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc’s $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service without permission.

Viacom claimed “tens of thousands of videos on YouTube, resulting in hundreds of millions of views,” had been posted based on its copyrighted works, and that the defendants knew about it but did nothing to stop illegal uploads.

Jun 23, 2010

Apple’s new iPhone approaches as iPad surprises again

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc has sold 3 million iPads in less than three months, a faster-than-expected pace that boosted its stock days before the company’s newest iPhone hits store shelves.

Several brokerages, including Kaufman Bros and UBS, raised their estimates on Apple’s earnings or revenue on Tuesday. Shares in the company, which starts selling the iPhone 4 in the five of the world’s six largest economies on Thursday, shot up as much as 2.1 percent before ending the day up 1.4 percent.

Jun 22, 2010

Apple says iPad sales hit 3 million, shares climb

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc said on Tuesday it sold 3 million iPads since the touch-screen tablet computer hit the market less than three months ago, boosting its stock two days before the company’s iPhone arrives on store shelves.

Shares in the consumer electronics company, which has overtaken Microsoft Corp to become the world’s most valuable technology company, closed up 1.36 percent.

Jun 9, 2010

ABC latest to finish ad sales in swift TV upfront

NEW YORK (Reuters) – ABC has joined Fox and CBS in wrapping up sales of its advertising for the upcoming TV season, it said on Wednesday, in what is becoming one of the swiftest “upfront” selling periods in recent memory.

Walt Disney Co’s ABC declined to discuss specifics of its deals, but sources with knowledge of the negotiations said the broadcast network won price increases of 8-9 percent from advertisers.

Jun 4, 2010

Fox leads charge in TV deals; others report progress

NEW YORK (Reuters) – U.S. broadcast networks have made significant headway in clinching billions of dollars worth of advertising deals for the upcoming TV season, with Fox said to be leading the charge by nearly completing its dealmaking.

According to advertising executives, the News Corp unit has locked up contracts with advertisers at prices running 8 percent to 9 percent above those from a year ago, and could complete its negotiations by Friday or early next week. A Fox spokesman declined to comment.

Jun 3, 2010

Fox leads charge in TV deals

NEW YORK (Reuters) – U.S. broadcast networks have made significant headway in clinching billions of dollars worth of advertising deals for the upcoming TV season, with Fox said to be leading the charge by nearly completing its dealmaking.

According to advertising executives, the News Corp unit has locked up contracts with advertisers at prices running 8 percent to 9 percent above those from a year ago, and could complete its negotiations by Friday or early next week. A Fox spokesman declined to comment.