Jennifer's Feed
Jul 10, 2012

SpongeBob blackout looms for DirecTV subscribers

By Jennifer Saba

(Reuters) – DirecTV customers may not see SpongeBob, Snooki or Jon Stewart after midnight on Tuesday because of a heated impasse taking place between the largest U.S. satellite TV provider and Viacom Inc, the company behind the popular cartoon, reality series and political talk show.

In a blog post on Viacom’s website Tuesday, spokesman Mark Jafar wrote that despite Viacom’s “best efforts” DirecTV rejected proposals to renew their contract. Nearly 20 million DirecTV customers will not have access to 26 Viacom channels including MTV and Nickelodeon if a new deal isn’t stuck by midnight Tuesday.

Jul 9, 2012

Thomson Reuters to buy trade platform FXall for $625 million

NEW YORK/LONDON (Reuters) – Thomson Reuters Corp (TRI.TO: Quote, Profile, Research, Stock Buzz) (TRI.N: Quote, Profile, Research, Stock Buzz) plans to buy electronic foreign exchange platform FX Alliance Inc (FX.N: Quote, Profile, Research, Stock Buzz) for about $625 million in cash, the news and information group said on Monday, expanding the customer base of one of its key businesses.

Thomson Reuters provides information and trading in the interbank foreign exchange market. The deal will strengthen the company’s offerings to the buy-side investment community, including asset managers, corporations and hedge funds.

Jun 25, 2012
via MediaFile

AOL expected to dole out patent money in buyback- report

Photo

AOL has finally decided how to distribute the pile of cash it received from Microsoft when it sold the software titan the majority of its patent portfolio for more than $1 billion, according to AllThingsD’s Kara Swisher, who reported its will be in the form of a buyback. The announcement is expected later this week, Swisher said.

An AOL spokeswoman did not immediately respond to a request for comment.

The patent sale was one of the big sticking points for the activist hedge fund Starboard, which failed in its attempt to gain¬† seats on the AOL board during a proxy fight that played out in mid-June.¬† One battle of many was over who first had the idea of selling the patents–Starboard or AOL. Throughout the spring both sides made their case: AOL had said it was already in the process of auctioning off its patents way before Starboard starting amassing a stake in the troubled Internet company. Starboard alleged it pushed AOL to liquidate the majority of its patents.

Jun 19, 2012

Dow Jones shakes up management in reorg

By Jennifer Saba

(Reuters) – Dow Jones & Co Chief Executive Lex Fenwick shook up the News Corp (NWSA.O: Quote, Profile, Research) unit’s management on Tuesday with a series of executive appointments and departures including the resignation of President Todd Larsen.

Fenwick, a former Bloomberg LP executive, is making his first high profile move since taking the job in February.

Jun 19, 2012

Dow Jones president resigns

By Jennifer Saba

(Reuters) – The president of News Corp (NWSA.O: Quote, Profile, Research) unit Dow Jones & Co has resigned, the company said on Tuesday.

Todd Larsen, who worked for Dow Jones for more than a decade, was appointed president in 2010. He is leaving the company as it takes shape under Lex Fenwick, who was appointed chief executive earlier this year.

Jun 19, 2012

Dow Jones says its president resigns

By Jennifer Saba

(Reuters) – The president of News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) unit Dow Jones & Co has resigned, the company said on Tuesday.

Todd Larsen, who worked for Dow Jones for more than a decade, was appointed president in 2010. He is leaving the company as it takes shape under Lex Fenwick, who was appointed chief executive earlier this year.

Jun 16, 2012

LinkedIn breach puts site’s reputation on the line

June 8 (Reuters) – LinkedIn Corp’s silence on the
extent of a security breach that exposed millions of user
passwords has damaged its reputation among some business
professionals, and may slow the growing company’s rise if the
breach turns out to be more serious than disclosed.

Several days after news of the theft of the passwords
emerged, the site with more than 160 million members still says
it has yet to determine the full extent of the breach.

Jun 14, 2012

Reuters Summit-UPDATE 2-FT sees BlackBerry with smaller role in future

NEW YORK, June 14 (Reuters) – Financial Times, which gets
nearly a third of its revenue from digital subscriptions,
expects BlackBerry smartphones to become less important for
corporate executives as BlackBerry loses market share to devices
like Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone and Google Inc’s (GOOG.O: Quote, Profile, Research)
Android-based system.

FT.com Managing Director Rob Grimshaw said BlackBerry, made
by Research In Motion (RIMM.O: Quote, Profile, Research), is now fourth in terms of
priority for developing the FT’s applications, even behind
Microsoft Corp’s (MSFT.O: Quote, Profile, Research) Windows 8.

Jun 14, 2012

Demand Media CFO Hilliard steps down

June 14 (Reuters) – Demand Media Inc President and
CFO Charles Hilliard is stepping down, the online media company
said on Thursday.

Hilliard, who has been with Demand since 2007, wants to
spend more time with his family, he said in an interview with
Reuters. He will become a special advisor to Demand’s board of
directors.

Jun 14, 2012

FT sees BlackBerry with smaller role in future

NEW YORK (Reuters) – Financial Times, which gets nearly a third of its revenue from digital subscriptions, expects BlackBerry smartphones to become less important for corporate executives as BlackBerry loses market share to devices like Apple’s iPhone and Google’s Android based system.

FT.com managing director Rob Grimshaw said BlackBerry, made by Research In Motion, is now fourth in terms of priority for developing the FT’s applications, even behind Microsoft’s Windows 8.