Three years after paying $225 million to buy online ad company Allyes, Chinese ad firm Focus Media is selling a majority stake in the company, which bills itself as China’s “largest online media service provider,” to PE firm Silver Lake. Silver Lake is paying $124 million...
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Microsoft (NSDQ: MSFT) CEO Steve Ballmer is taking the stage at Microsoft’s analyst day to talk about the company’s consumer businesses, saying that “a lot of the issues we see in our consumer businesses are very much on the minds of the shareholders.”
That’s an understatement, considering that the lackluster state of Microsoft’s...
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Twitter’s latest move to keep users engaged on its site: a new tool that suggests other members users might want to follow “based on several factors, including people you follow and the people they follow.” The launch comes as Twitter has taken other steps to make itself more accessible and interesting...
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—Zynga: David Wehner, an investment banker from Allen & Co., has joined as Zynga’s CFO. He replaces Mark Vranesh, who has become chief accounting officer and will report to Wehner. Prior to joining Allen & Co. in 2001 as managing director, Wehner was VP of corporate development at tech-focused investment banking firm Hambrecht &...
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Washington Post-owned Slate Group is closing down The Big Money, the business commentary spinoff it launched two years ago, saying the site wasn’t profitable. The belief when The Big Money launched in 2008 was that the financial crisis augered well for a business media site with Slate‘s...
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Some of the stories people are talking about this morning:
» The Washington Post Co. (NYSE: WPO) is desperate to unload Newsweek magazineR...
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Scribner and Simon & Schuster Digital began selling an “enhanced e-book” of Rick Perlstein’s best-selling doorstop, Nixonland, in the Apple (NSDQ: AAPL) iBookstore and on Amazon (NSDQ: AMZN) on Thursday. The title, which was already available in an Amazon Kindle version, represents the first test of whether Apple can challenge...
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The first half of the year for Reed Elsevier (NYSE: RUK) saw ad dollars stabilize, though executives expressed a greater degree of caution regarding th...
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Apple’s Steve Jobs somewhat famously said in April that people aren’t searching on their phone, but instead, are using apps. He reasoned, apps ...
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United Business Media (LSE: UBM), the owner of PR Newswire, turned in decent results for the first half of 2010 and is maintaining a cautious yet stable outlook for the second part of the year. Meanwhile its print properties turned in a mixed performance, while its online holdings remained solid. Separately, a...
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