Jennifer's Feed
Jul 25, 2012

AOL swings to quarterly profit on patent sale

July 25 (Reuters) – The sale of its patents to Microsoft
helped AOL Inc swing to a profit in the second quarter
from a loss a year ago.

The company reported second quarter net income on Wednesday
of $970.8 million, or $10.17 per share, following a net loss a
year earlier of $11.8 million, or 11 cents per share.

Jul 23, 2012

Dow Jones to sell newswires through WSJ.com – CEO

By Jennifer Saba

(Reuters) – When Lex Fenwick started his job as CEO of Dow Jones & Co more than five months ago, he found it strange that one of Wall Street’s most historic and well-known brands did not have a direct pipeline into Wall Street itself.

The 130-year-old publisher of Dow Jones Newswires relies on third parties, including rivals Bloomberg LP and Thomson Reuters Corp, to deliver its content to banks, brokers and funds; it does not have its own distribution channel.

Jul 16, 2012

Gannett beats on profit, but ad sales still weak

July 16 (Reuters) – Gannett Co, publisher of USA
today, reported better-than-expected quarterly earnings on
Monday, sending its shares up 5 percent in early trading.

Gannett, the largest newspaper chain in the United States
and an industry bellwether, said excluding special items, it
earned 56 cents per share, beating analysts’ average forecast of
52 cents, according to Thomson Reuters I/B/E/S.

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.