New York Times expects sharper decline in ad sales
NEW YORK, Sept 21 (Reuters) – New York Times Co (NYT.N: Quote, Profile, Research, Stock Buzz)
warned its third quarter advertising revenue would drop by a
larger-than-expected 8 percent, hurt by a pullback from real
estate, help wanted and national automotive advertisers.
New York Times Chief Executive Janet Robinson, speaking at
a Goldman Sachs conference on Wednesday, cited tough economic
conditions, saying advertisers were less confident about making
upfront commitments.
PE firms circling AOL turn attention to Yahoo
NEW YORK (Reuters) – The troubles at Yahoo Inc are proving to be a headache for AOL, that other deeply challenged Internet company trying to turn around its fortunes.
Interest in AOL from private equity firms ramped up after the company’s stock plummeted about 30 percent on dismal earnings results last month. Allen & Co and Bank of America Securities are advising AOL on strategic alternatives, including a possible sale, sources said.
Private equity firms circling AOL turn attention to Yahoo
NEW YORK (Reuters) – The troubles at Yahoo Inc are proving to be a headache for AOL, that other deeply challenged Internet company trying to turn around its fortunes.
Interest in AOL from private equity firms ramped up after the company’s stock plummeted about 30 percent on dismal earnings results last month. Allen & Co and Bank of America Securities are advising AOL on strategic alternatives, including a possible sale, sources said.
Insight: Murdoch’s tough guy Carlucci under pressure
NEW YORK (Reuters) – Paul Carlucci’s name doesn’t appear on any public list of News Corp’s power players. As CEO of News America Marketing and publisher of the New York Post, he is the most influential executive you’ve never heard of inside Rupert Murdoch’s empire.
That could change as News America Marketing’s alleged bare-knuckle business tactics come under the regulatory spotlight in the United States amid the phone hacking scandal that has rocked News Corp’s News of the World in Europe.
Boston Globe sets pricing for new website
Another one of the New York Times Co’s newspaper properties is preparing to officially roll out a pay model for its website. The Boston Globe launched bostonglobe.com and starting Oct. 1 it will charge $3.99 per week for a digital-only subscription (print subscribers can read the site for free). Coldwell Banker Residential Brokerage New England is sponsoring a free trial subscription through Sept. 30. Unlike its sister site NYTimes.com, a subscription for bostonglobe.com is required to access all content.
The flagship New York Times rolled out in March a pay model for its digital products allowing readers to access up to 20 articles per month for free. After hitting that limit, a reader must shell out for a digital subscription to read more, anywhere from about $15 to $35 a month depending on the package. Print subscribers get free access to the site, mobile and smartphone apps.
WSJ pushes further into video with free app
The Wall Street Journal has launched a new video application “WSJ Live” that pulls from the content from its stable of live programming.
WSJ Live is another push from the Journal into video programming — which represents some of its most valuable advertising inventory, said Alisa Bowen, general manager of the Wall Street Journal Digital Network. Ad inventory on the video network has been sold out and WSJ Live is free to watch on WSJ.com. That is part of the reason that the Journal plans to keep WSJ Live free of charge, unlike some of its other content, but that could change in the future, Bowen said.
Arrington Exits TechCrunch; Takes jab at Arianna Huffington
From the TechCrunch conference in San Francisco, this post is brought to you by Alexei Oreskovic and Sarah McBride:
Michael Arrington, one of the most high-profile figures in the world of tech blogging, has lost the TechCrunch soapbox he built. But he’s found a new way to get his point across: T-shirts
Major Yahoo shareholder calls for new board
NEW YORK (Reuters) – Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made “serious misjudgments” and “destroyed value” for stockholders.
A “reconstituted board with new directors who will bring fresh eyes, relevant industry expertise and increased investor alignment to the table is immediately necessary,” wrote Loeb the chief executive of hedge fund Third Point LLC, which has about $8 billion under management and now owns about 5 percent of Yahoo shares.
Analysis: AOL’s Armstrong feeling the heat with Project Devil
NEW YORK (Reuters) – Forget the Michael Arrington sideshow — AOL boss Tim Armstrong has a bigger problem, involving the “Project Devil” advertising unit.
Project Devil, which is a large-ad format with interactive panels that dominate a Web page, is still striving to gain traction among ad buyers since its glitzy debut during New York Advertising Week last September. The problem is that other websites have been slow to embrace the platform, one of Armstrong’s main initiatives to boost advertising revenue.
AOL’s Armstrong feeling the heat with Project Devil
NEW YORK, Sept 8 (Reuters) – Forget the Michael Arrington
sideshow — AOL (AOL.N: Quote, Profile, Research, Stock Buzz) boss Tim Armstrong has a bigger
problem, involving the “Project Devil” advertising unit.
Project Devil, which is a large-ad format with interactive
panels that dominate a Web page, is still striving to gain
traction among ad buyers since its glitzy debut during New York
Advertising Week last September. The problem is that other
websites have been slow to embrace the platform, one of
Armstrong’s main initiatives to boost advertising revenue.
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