• Ross Fadner, Jun 18, 2008, 12:00 PM
  • News Corp.'s Chernin As Yahoo CEO? D: All Things Digital Yahoo shareholders, Wall Street and the media are all calling for Yahoo CEO Jerry Yang to step down. BoomTown writer Kara Swisher also thinks Yang's ouster is imminent, because the year following Yahoo's Aug. 1 shareholder meeting is likely to be a very, very rough one. And while Yang has shown a father's love for the company he co-founded, love is "probably not enough" for the road ahead.

    She provides us with this list of likely replacements: Current Yahoo President Sue Decker, former eBay CEO Meg Whitman, Netscape founder Marc Andreessen, former Yahoo exec Dan Rosensweig, Broadcast.com founder Mark Cuban (which he sold to Yahoo for $5.7 billion), and News Corp. No. 2 Peter Chernin, the most likely candidate, Swisher says.

    Why Chernin? For starters, Rupert Murdoch's son James is training to replace his dad at the top of the media empire, which means Chernin has to be thinking about heading elsewhere. Swisher calls him "one of the sharpest and most versatile 'old' media execs to get the Web," and says he has "the tough management chops" to run a company like Yahoo and lead it in the promising direction of Hollywood in a way "the Spock Clones of Google never ever will be able to." Read the whole story...
  • Google Exec Dismisses Yahoo-Google ConcernsReuters Vint Cerf, one of the forefathers of the Internet and now Google VP, chief internet evangelist, spoke out about Google's recent Yahoo deal and the affect of the weak economy on the business of the Web at a press conference for the OECD Ministerial Meeting on the Future of the Internet Economy. "In the case of Yahoo, the company believes that it will be beneficial to assist Yahoo with its experiment," Cerf said. "That's all this is: a non-exclusive arrangement to allow Yahoo to use at their discretion some of our advertising capability."

    Last week, Yahoo finally ended merger talks with Microsoft, agreeing instead to a search partnership with Google, under which Yahoo gets to deploy Google AdWords on its site at its own discretion. Google and Yahoo are the top two search providers, which is why many expect the deal to receive hardcore regulatory scrutiny. Sources told Reuters that Microsoft is already reaching out to advocacy groups, saying the Google-Yahoo agreement will "limit choices for advertisers and publishers."

    In response, Cerf said, "We simply say we're trying to encourage competition in the environment and we'll take steps to assist where that seems to be possible." Meanwhile, the Internet guru claimed that an economic downturn could be a positive thing for the Internet industry. "Information technology can sometimes substitute for transportation," he said. "Information technology can also be used to more efficiently use scarce resources, so as an example we may increasingly turn to video conferencing or other kinds of electronic media in order to avoid having to travel." Read the whole story...
  • Is LinkedIn Overvalued At $1 Billion?GigaOm LinkedIn, the social network for professionals, announced a new $53 million round of Series D funding on Tuesday that values the Silicon Valley startup at $1 billion. While nowhere near the jaw-dropping $15 billion valuation Microsoft placed on Facebook when it acquired a 1% stake last year, GigaOm's Om Malik reckons the assessment is still rather bubblish.

    Here's why: LinkedIn's European cousin, XING, which is publicly traded in Frankfurt, has 5.71 million subscribers and a market cap of about $300 million. This works out to $52.30 per subscriber. Facebook, at a valuation of $15 billion, works out to around $125 per subscriber. LinkedIn has 20 million users and a valuation of $1.04 billion, which works out to around $50 per user, but the startup is adding around 1.3 million new subscribers per month, which means that by the end of the year it should have 29 million subscribers.

    According to USA Today, LinkedIn's target was $75-$100 million in revenues this year. If indeed revenues are on track for $100 million, then $1.04 billion doesn't sound so far-fetched. But on a per-subscriber basis, Malik says the social network seems "a tad overvalued, especially considering that their traffic is range bound, and the number of active uniques is showing a slight slump." Read the whole story...
  • Compared To Hulu, YouTube In 'Very Bad' SpotBlog Maverick In a post heavily laden with undertones of "I told you so," blogger Mark Cuban declares that News Corp./NBC Universal's joint venture Hulu "is kicking YouTube's ass" in the revenue department. Of course, midway through the rant, Cuban admits he has no revenue figures to back up his claim, but when you consider both companies' business models, he says signs indicate that where YouTube has massive traffic but an unsustainable business model, Hulu has growing traffic and a very scalable business model.

    In the revenue department, Cuban says that Hulu is either stomping all over YouTube or will soon be stomping all over YouTube. Why, because unlike YouTube, the video venture licenses all of the content it distributes, and thus has the right to sell advertising in and around every one of its videos. YouTube only has that right with the small percentage of videos it licenses. For the vast majority of YouTube content, which is uploaded by consumers, the Google video site is forced to hide behind the Digital Millennium Copyright Act, which means it doesn't know what videos are being posted With no control over those videos, YouTube cannot sell ads on them.

    Cuban says this means that Hulu has or will have more monetizable video and traffic than the Google video site, especially as it adds more viewers and content partners. Whereas YouTube can monetize about 1% of its licensed videos, Hulu can monetize 100% of its growing inventory. That, he says, "puts YouTube in a VERY BAD spot." Read the whole story...
  • Morgan Stanley: 27 Million iPhones Sold By 2010 Clusterstock Read the whole story...
  • Google Dominates Mobile Search, TooArs Technica Read the whole story...
  • Flickr Co-Founders Join Yahoo ExodusTechCrunch Read the whole story...
  • Skype Upgrade All About Video Reuters Read the whole story...