Google's revenue rose 6% to $5.51 billion for the quarter ending March 31 versus the same quarter a year ago, but fell 3% sequentially, the company announced during its quarterly earnings report Thursday. Despite tough economic times, Google had a pretty good quarter, Google CEO Eric Schmidt told investors and reporters in a conference call. "We are still basically in uncharted territory," he said. "The current economic environment ... remains tough. No company is recession proof. Google is absolutely feeling the impact." ...Read the whole story
Online video network BBE -- formerly Broadband Enterprises -- is losing its president, Danny Fishman, Online Media Daily has learned. "He's going to somebody else in the online video space," a source close to the move said on the condition of anonymity. It is not yet clear, however, which company Fishman has decided to call his new home. ...Read the whole story
In a significant advance for meta media, Glam Media's recently launched micro-blogger platform Tinker.com is hosting celebrity Ashton Kutcher's race with CNN to secure one million followers on the popular micro-blogger service Twitter. As of Thursday afternoon, CNN Breaking News had nearly 972,000 followers on Twitter, while Kutcher had just over 963,000 followers. ...Read the whole story
YouTube Thursday announced agreements with entertainment companies including Sony Pictures, CBS, MGM and the BBC to license thousands of episodes of TV episodes and hundreds of movies. The new material will only be available in the U.S. ...Read the whole story
The U.S. Hispanic online audience grew 50% faster than the overall Hispanic population in the last year, according to a new comScore study. The online Hispanic audience in February hit 20.3 million, up 6% from a year ago. It now accounts for 11% of the total U.S. online market. ...Read the whole story
Faced with consumer backlash and pressure from lawmakers, Time Warner is retreating from a controversial plan to roll out a new pay-per-download pricing system. "It is clear from the public response over the last two weeks that there is a great deal of misunderstanding about our plans to roll out additional tests on consumption based billing," Time Warner Cable CEO Glenn Britt said Thursday in a statement. "As a result, we will not proceed with implementation of additional tests until further consultation with our customers and other interested parties." ...Read the whole story
Facebook is catching up with MySpace in the U.S., according to comScore. The social network added about 4 million unique visitors in March to reach 61.2 million and close within 9 million of MySpace, the top social network in the U.S. But while MySpace's audience of 70.2 million has shrunk by 4% in the last year, Facebook's has jumped 72%. ...Read the whole story
Men And Their Machines
Earlier this week, eMarketer gathered a bunch of random reports on men and their internet use to conclude "Men spend more time online ... ...More
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