Jennifer's Feed
Aug 14, 2013

New York Times restoring access to website after outage

By Jennifer Saba

(Reuters) – The New York Times said it is in the process of fully restoring access to its website, which was down for about two hours on Wednesday.

People accessing nytimes.com earlier on Wednesday saw a message that the service was unavailable.

Aug 13, 2013

Facebook reveals daily users for U.S. and UK, data aimed at advertisers

By Jennifer Saba

(Reuters) – One out of three people in the United States – more than 128 million – visit Facebook every day, and about 24 million in the United Kingdom do the same, the company said on Tuesday, releasing regional data for the first time as a way of helping advertisers understand how people use the social network.

It is also part of a larger push to go after dollars earmarked for TV commercials, the top choice among advertisers when they launch campaigns.

Aug 13, 2013

Larry vs Larry: Oracle’s Ellison says Google’s Page acted ‘evil’

Aug 13 (Reuters) – Larry Ellison, Oracle Inc’s
outspoken chief executive officer, said Google Inc CEO
Larry Page acted “absolutely evil” and accused the Internet
company of using Oracle’s products without permission.

“We just think they took our stuff, and that was wrong,”
Ellison said in an interview with Charlie Rose on “CBS This
Morning” that was aired on Tuesday.

Aug 12, 2013

News Corp buys online football rights in Japan, Vietnam, Indonesia

By Jennifer Saba

(Reuters) – News Corp has secured rights to show online digital clips for English Premier League football and other leagues in Japan, Vietnam and Indonesia, coinciding with the launch of new Internet and mobile products later this week.

The mobile app and website are News Corp’s first product rollouts since it separated from the cable, television and movie studio assets now known as 21st Century Fox Inc in July.

Aug 12, 2013

News Corp buys online soccer rights in Japan, Vietnam, Indonesia

Aug 12 (Reuters) – News Corp has secured rights to show online digital clips for English Premier League soccer and other leagues in Japan, Vietnam and Indonesia, coinciding with the launch of new Internet and mobile products later this week.

The mobile app and website are News Corp’s first product rollouts since it separated from the cable, television and movie studio assets now known as 21st Century Fox Inc in July.

Aug 7, 2013

Demand Media revenue growth slows on changes at Google

By Jennifer Saba

(Reuters) – Demand Media (DMD.N: Quote, Profile, Research, Stock Buzz), the online content company that operates websites such as eHow and Cracked, said on Wednesday its total year-on-year revenue growth slowed to 9 percent in the second quarter to $101.1 million because of changes in the Google search engine.

During the first quarter revenue rose 17 percent.

In recent years, Demand Media has been hurt when Google (GOOG.O: Quote, Profile, Research, Stock Buzz) adjusts its search algorithm to keep in check the quality of content that surfaces in its search results. Demand relies on high search results for its content which helps bring in advertising revenue.

Aug 7, 2013

AOL to buy video ad platform for $405 million

By Jennifer Saba

(Reuters) – AOL Inc said on Wednesday it would buy Adap.tv, an electronic trading platform that helps companies advertise on video websites, for $405 million in its biggest acquisition under CEO Tim Armstrong.

AOL, which is trying to rely less on its dial-up subscription service, also reported higher-than-expected revenue for the second quarter on an increase in display, search and ads from third-party networks. Its shares rose 2 percent.

Aug 7, 2013

Amazon’s Bezos pays hefty price for Washington Post

By Jennifer Saba

(Reuters) – Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States.

The multibillionaire founder of online retailer Amazon.com Inc may have paid more than four times the price that the financial results of the Washington Post suggests it is worth.

Aug 6, 2013

Fox reports higher revenue, profit on rise in cable

Aug 6 (Reuters) – Rupert Murdoch’s newly separated 21st
Century Fox reported higher revenue and profit because
of growth at its cable operations including Fox News and its
regional sports networks.

Investors had been waiting for years for Murdoch to split
News Corp, giving its cable, movie and equity stakes in pay-TV
assets their own spotlight away from the publishing division.

Aug 6, 2013

Amazon’s Bezos to buy the Washington Post for $250 mln

Aug 5 (Reuters) – Amazon.com Inc founder Jeff Bezos
will buy the Washington Post newspaper for $250 million in a
surprise deal that ends the Graham family’s 80 years of
ownership and hands one of the country’s most influential
publications to the businessman whose Internet company has
transformed retailing.

Bezos, hailed by many as technology visionary, called his
acquisition a personal endeavor and reassured employees and
readers of the 135-year-old newspaper he will preserve its
journalistic tradition, while driving innovation.