Wednesday, July 22, 2009
  • Yahoo Profit Increases 8% In Second Quarter, Revenue Falls

    Yahoo's cost-cutting efforts appeared to pay off as the Web portal posted its first quarterly earnings gain since the first three months of 2008. Yahoo reported that second-quarter profit increased 8% to $141 million, or 10 cents a share, beating analyst expectations of 8 cents per share. Gross revenue fell 13% to $1.57 billion, while net revenue came in at $1.14 billion. "Considering the economy, I'm pleased with our results," said Yahoo CEO Carol Bartz, during an analysts conference call Tuesday. ...Read the whole story

  • Microhoo As Good As Done, But Is Search Ready For Consolidation?

    Even more interesting than a potential Microhoo partnership is the reality that the two giants would consider consolidation, something that only happens in mature markets. It turns the product into a commodity, and in some cases, prompts new entrants onto the market segment that can deliver lower, more competitive prices. "How do you get the price of the click down?" asks Trip Chowdhry, managing director at Global Equities Research, "You commoditize search." ...Read the whole story

  • Art Museum Threatens Lawsuit Over Public Domain Gallery Images Uploaded To Wikipedia

    Earlier this year, Seattle resident Derrick Coetzee uploaded 3,000 high-resolution photos of portraits in the U.K. National Portrait Gallery to Wikipedia. The museum demanded that Wikipedia remove the images, including photos of portraits of Anne Boleyn, Charlotte Bronte and George Gordon Byron. When the online encyclopedia didn't do so, the National Portrait Gallery threatened Coetzee with legal action unless he deleted the images from both Wikipedia and his own hard drives by July 20. As of Wednesday, the images were still available on Wikipedia. ...Read the whole story

  • Video Pushing Mobile Broadband Use

    Mobile data bandwidth use is up 30% worldwide during the second quarter, with increased video streaming on cell phones helping to drive growth, according to a new report. People tuning into shows and clips on sites such as Hulu, YouTube and MySpace via mobile devices pushed up video streaming nearly 60% during the quarter, mainly as a result of expanded smartphone use and a growing selection of mobile programming. "It's outgrowing any other application," said Jonathon Gordon, director of marketing for Boston-based Allot Communications. ...Read the whole story

  • Fashionably Late: Condé Kills Men.Style

    Reversing course yet again, Condé Nast Digital has decided to break up Men.Style -- which has served as a repository for and content since 2005 -- into two branded sites. The future of every Condé Nast property is presently uncertain. To reach its full revenue-generating potential, the company just hired consultancy McKinsey to realign its various assets. ...Read the whole story

  • How Search Is Key To Booking Travel Plans

    Knowing how consumers research and gather information as they make plans to travel for business and pleasure can help marketers plan campaigns better. The study, "The Traveler's Road to Decision," released Tuesday from Google and OTX, reveals consumer research and buying habits across the Internet. Business travelers are more likely to seek out money-saving packages, access travel sites from their mobile phone, and become a rewards travel program member. In fact, 25% of business travelers are more likely to access information on their phone, and 83% of business travelers belong to a rewards program. ...Read the whole story

  • John McCain Apologizes To Jackson Browne, Settles Dispute Over 'Running On Empty'

    Sen. John McCain has apologized for using a portion of Jackson Browne's "Running on Empty" in a campaign ad that ran on YouTube last year. McCain, the Republican National Committee and the Ohio Republican Party also promised "to respect and uphold the rights of artists and to obtain permissions and/or licenses for copyrighted works where appropriate" in the future. ...Read the whole story

  • Report: Travel And Social Media Sites Fare Well In June

    Summer travel, out-of-school students, and out-of-work workers were largely responsible for shaping the Internet landscape in June, according to new data from the comScore Media Metrix service. "Travel sites typically see an increase in activity around this time of year as Americans look to get away," said Jack Flanagan, EVP of comScore Media Metrix. "Summer vacation also means more leisure time for those out of school, leading to a seasonal increase in leisure categories including online gaming and entertainment." ...Read the whole story

  • Yahoo Unveils New Home Page (Finally)
  • Adknowledge Acquires Virtual Currency Company
Bad Vibes Gathering

Normally, we don't like sharing personal anecdotes to make a business point, but here's one we think may be a warning sign for the economy in general, and the online economy in particular. Yesterday, we tried, ...More

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