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Yelp to Become New Media Giant, Cramer Says
"Yelp's the thing," according to Jim Cramer. The CNBC "Mad Money" host believes that Yelp is among the best leveraged to benefit from the growing mobile trend. "The transition from the desktop to mobile has been painful for a vast majority of Internet companies." But not for Yelp.
Hulu New Series to Parody Bravo's 'Housewives'
Hulu has unveiled its original and exclusive slate of programming for 2014. The only new true original that wasn't previously known is "The Hotwives of Orlando," a reality show parody that follows six housewives in "Central Florida's sexiest city," according to the show's blurb.
YouTube Growing Up with Quality Videos, Talent
YouTube wants to "demystify" its platform for marketers, pointing out that it has moved beyond luring young audiences and has secured top talk-show hosts. Jimmy Kimmel and Jimmy Fallon have doubled their subscriber counts over the past year, YouTube said.
Google Fined $204,000 in France Over Privacy
Facebook Buys India Startup Amid Mobile Push
Facebook has acquired a tech startup in India as the social-networking giant seeks to bolster its presence among mobile-device users. The new acquisition, Little Eye Labs, develops tools that developers can use to analyze and enhance efficiency of mobile apps.
Twitter's Stock Price Continues Recent Decline
Twitter's stock price continued a recent decline on Wednesday, closing down 3.5% to $59.29 after an analyst lowered the company's rating on concerns that its shares were too high. Shares surged 53% in December as investors disregarded Twitter's lukewarm November IPO.
Yahoo's Mayer Among 'Most Attractive' CEOs
New York Times
Yahoo CEO Marissa Mayer has ranked among the top 5% of attractive execs, according to a study at the University of Wisconsin. Two economists at the university said their study shows that investors assign higher share values to companies run by "attractive CEOs."
Yahoo Marches Into Media with Mayer Keynote
Wall Street Journal
Yahoo's Marissa Mayer, in a keynote at the Consumer Electronics Show, announced a collection of new media sites and apps geared toward delivering content for the web. Videos and digital magazines, the CEO said, are now two of the company's main focus areas.
Microsoft's New CEO Won't Be Ford Motor Chief
Alan Mulally is staying at Ford Motor. The CEO, who was rumored to be in the running to become Microsoft's next leader, said he won't leave the automaker anytime soon. "I would like to end the speculation because I have no plans to do anything other than serve Ford."
Google, Insurance Firm Clash Over Blog Photo
Des Moines Register
A photo posted to a blog that mocks corporate headshots has pitted a Des Moines company against Google in a copyright lawsuit. Insurance firm ARAG North America's suit exhibits an increasingly common clash over bloggers who post images online without permission.
AOL Veteran Unveils 'Snapchat for Corner Office'
Snapchat has achieved a multibillion-dollar valuation by creating a technology for disappearing selfies aimed at teenagers. Now companies are pitching similar apps that they say provide untraceable message delivery, except that they are designed for corporate users.
Apple's App Store Sales Soar Over $10 Billion
Apple's App Store generated more than $10 billion in sales last year, roughly as much as it produced in the previous four years combined, cementing the company's lead over Google in mobile computing. Apps are "growing very fast – people like downloading them."
YouTube Opens Hub with U.S. Olympic Committee
NBC has the Olympics streaming rights locked up for the rest of the decade. So YouTube is going for the next best thing. The Google-owned video platform has launched a new Winter Olympics content hub focusing on athlete profiles and back stories.
Report: Delays Bring Surge in Digital Movie Sales
Wall Street Journal
Digital movie purchases surged 47% last year to $1.19 billion, according to data released by Digital Entertainment Group, an industry trade organization. A primary reason for the growth is the widespread adoption of a new release window marketed as "Digital HD."
Amazon, Hulu Could Slow Netflix Growth in 2014
Original series like "House of Cards" may have helped lift Netflix to new heights in 2013, but could the fever start to fade in 2014? According to a new report from Morgan Stanley, Kevin Spacey might not be enough to fend off competition from Amazon, Hulu and HBO Go.
Aereo Secures $34 Million in Additional Financing
Aereo said it has closed a $34 million Series C round of financing. The controversial TV service "experienced tremendous growth in 2013 and we expect 2014 to be another blockbuster year," said CEO and founder Chet Kanojia. Aereo is currently available in 10 markets.
Twitter Founder Unveils Search App Tied to Photos
Twitter co-founder Biz Stone hopes to demonstrate that a picture can be worth even more than 140 characters of text. That is the concept behind a new smartphone app released by Stone's Jelly Industries. Stone believes Jelly can grow into an "awesome business."
Vine Founder Steps Down to Help Launch Startup
Dom Hofmann, co-founder of the social video-sharing service Vine, has stepped down from his lead general manager role at the Twitter-owned company. Hofmann, who has led the company since its inception in early 2012, will be working on another yet-to-be-revealed startup.
LinkedIn Aims to Unmask Hackers with Lawsuit
LinkedIn is facing a common plague of social networks: thousands of fake accounts used for spam and other nefariousness. So the company is using a familiar tactic: It is suing those responsible for setting up the fake accounts, even though it doesn't know who they are.
Groupon Helps Local Retailers Unload Inventory
Groupon is said to be testing a new business that aims to help small mom-and-pop retail shops sell off items they are having trouble selling at full-price. The new business would notify Groupon users when a nearby business is looking to unload products at a discount.
Apple, Amazon Downgraded for 'Moral' Reasons
An analyst has blacklisted several companies, citing moral and ethical grounds. "For Apple to pay workers $2 an hour while they have $150 billion in the bank is nothing short of obscene." Also, "it boggles the mind" that Amazon's Jeff Bezos doesn't treat his workers fairly.
Twitter 'Riskier' for Ads Compared to Facebook
The year isn't even a week old, yet the competition for online advertising dollars has become such a hot topic for the Internet market that industry sentiment is already pointing toward the dominance of Facebook and Google and away from the just-gone-public Twitter.
Study: Twitter Popular Among African Americans
Young, college-educated and higher-income African Americans are just as likely as their white counterparts to use the Internet, according to a new report by the Pew Research Center. African Americans also tend to use Twitter more often than whites, Pew said.
Snapchat CEO, Forbes Clash Over Cover Story
Snapchat CEO Evan Spiegel claimed in a tweet that details in a new Forbes cover story about his startup were misreported. Forbes responded with a transcript from Spiegel's interview with the story's author, essentially showing that the 23-year-old misled the publication.
Netflix Could Get a Boost from Proposed Laws
Wall Street Journal
U.S. lawmakers have introduced at least three different bills that would help give a boost to Internet streaming companies, similar to the efforts used to boost the satellite industry in the 1990s. Americans should "not have to buy 300 channels to watch two things."
Yahoo's Mayer Hits CES to Tout Ads, Content
Yahoo CEO Marissa Mayer will have much to say about advertising and content at the 2014 Consumer Electronics Show, according to sources. She will be appearing at a series of events, meetings and, most importantly, her keynote address on Tuesday afternoon.
Google, Automakers Bringing Android to Cars
Google has announced the creation of the Open Automotive Alliance — a group of tech and automotive companies, including General Motors, Honda, Audi and Hyundai, that want to customize the Internet giant's popular mobile operating system for vehicles.
Pandora Starts Offering In-Car Advertising Service
Pandora Media said it will begin offering an in-car advertising service this month, with national brands including Ford Motor and Taco Bell taking part in the new effort. Advertisers will now have the opportunity to reach audiences through 15- and 30-second audio spots.
Roku TV Will Stream Video Without Set-Top Box
Roku has launched a line of TVs that play video from services like Netflix without requiring a set-top box. While similar to smart TVs on the market already, the company's Internet streaming platform offers some 1,200 apps and more comprehensive niche content choices.
Demand Media Former CEO to Join Raine Group
Wall Street Journal
Richard Rosenblatt, who stepped down as chairman and CEO of Demand Media in October, has joined the merchant bank Raine Group as a senior adviser. Rosenblatt's appointment brings to Raine an exec with years of experience building digital media companies.
Pinterest Buys VisualGraph to Ramp Up Discovery
Pinterest announced it has acquired image-search startup VisualGraph to better understand what users are pinning and to ramp up the social network's discovery features. VisualGraph founder Kevin Jing helped build some of Google's first machine-vision applications.
AOL Tried to Buy Business Insider for $100 Million
AOL is said to have offered to purchase Business Insider for more than $100 million but talks ultimately broke down when the two sides couldn't agree on price. A source has suggested that the business news website may be looking for an offer of about $250 million.
Mashable Raises $13 Million for Expansion Effort
Nearly a decade into its existence, the news website Mashable is taking on outside investors for the first time. The site plans to announce that it has raised $13.3 million in an equity investment round led by Updata Partners. The investment will help fuel an expansion plan.
Bookish Website Sold by Publishers to Startup
Three publishers who invested millions of dollars in an online site for discovering and buying books have sold it to a digital startup. Zola Books announced that it has purchased Bookish from Simon & Schuster, Hachette Book Group and Penguin Group.
Facebook, Google Chiefs See Net Worth Soar
Facebook head Mark Zuckerberg and Google founders Larry Page and Sergey Brin all posted increases in their net worth in 2013, according to the Bloomberg Billionaires Index. Zuckerberg saw the biggest dollar increase among tech billionaires, adding $12.4 billion.
Amazon's Bezos Airlifted from Ship in Galapagos
Jeff Bezos was flown by helicopter from a cruise ship in the Galapagos Islands for medical attention after suffering intense pain from a kidney stone on Jan. 1. The Amazon founder and Washington Post owner was on a ship not far from the island when he felt the pains.
Yahoo Ads Infect Thousands in Malware Attack
Visitors to Yahoo's web pages in the past few days have been at risk of having their computers infected by malware. Internet security firm Fox IT said that roughly 27,000 computers and devices were infected every hour. The Internet giant said it is aware of the security issues.
Hulu Plus Adds TV Shows from Scholastic Media
A trio of Scholastic Media TV series, "The Baby-Sitters Club," "I SPY" and "Horrible Histories," have become available through Hulu Kids on Hulu Plus. The non-exclusive deal signifies the first time that Scholastic Media's shows are being offered by Hulu's subscription service.
Netflix Rings in the New Year with New Content
If you are a faithful Netflix user, you may have noticed on Jan. 1 that some movies and TV shows were no longer listed as streaming options. "Titles come and go," said a Netflix spokeswoman. "We usually re-license movies and TV shows that people are regularly watching."
Twitter's Vine Joins Web with TV-Like Experience
Vine has ported its loopy 6-second video service to the web, letting users log in online to watch videos in their stream from their desktops for the first time. They can also "like," comment and share videos. The service also has introduced a feature called "TV Mode."
BlackBerry Sues Seacrest's Digital Startup Firm
BlackBerry has filed a lawsuit against Typo Products, a company co-founded by "American Idol" host Ryan Seacrest, which offers a keyboard that can be attached to some of Apple iPhones. The keyboard features angled keys similar to those used on BlackBerry devices.
Report: Streaming Impacts Sales of Digital Music
U.S. digital music sales declined in 2013 for the first time since the launch of Apple's iTunes store in 2003, according to data issued by Nielsen SoundScan and published by Billboard. The sales decline comes amid the fast growth of streaming music services.
Apple Acquires Rapid-Fire Camera App Developer
Apple has acquired the one-man photo tech startup SnappyLabs, maker of the SnappyCam. The startup offers a way to make the iPhone's camera take full-resolution photos at 20 to 30 frames per second — significantly faster than Apple's native iPhone camera.
Yahoo Celebrity News Site Ditches 'omg!' Brand
Yahoo has abandoned "omg!" as the name of its celebrity-news site — the company's biggest entertainment property and one of the Internet's top destinations — replacing the Valley-speak-tinged name with "Yahoo Celebrity," in an apparent effort to widen the audience.
AOL Chief Omits Patch in End-of-Year Message
Patch employees are said to be fretting over AOL CEO Tim Armstrong's failure to mention the hyper-local news network in an end-of-year e-mail sent to the entire company. "It was mainly corporate-speak mixed with a motivational words — in every division but Patch."
Huffington, Media Pals Unplug for the Holidays
New York Post
Arianna Huffington, Cindi Leive and Mika Brzezinski teamed up to unplug from their phones and laptops from Dec. 23 through Dec. 29. That meant no checking e-mails or forging tweets and skipping favorite TV shows. The dynamos found it difficult to stay off their devices.
Apple's iWatch Facing Manufacturing Problems
Though it has yet to be announced and there are no signs of a product launch, Apple's so-called "iWatch" is reportedly facing poor yield rates of less than 50% in trial manufacturing, if the latest rumors are to be believed. Many heavyweights are entering the wearable space.
Netflix Sees TV Going Back to Its Event Roots
What will TV look like in the next decade? "Broadcast TV will become more event-based," according to Ted Sarandos, Netflix chief content officer. Discovery recently broadcast a tightrope walk across the Grand Canyon, "and they got their biggest-ever ratings."
YouTube to Show Off Ultra High-Def Streaming
YouTube will demonstrate 4K video at the Consumer Electronics Show in Las Vegas next week, with a twist: The video service will be showing off ultra high-definition streaming based on VP9, a new royalty-free codec that parent company Google has been developing.
Amazon Runs Attack TV Ad Targeted at Netflix
Amazon has been spending time and money building up Prime Instant, but so far it hasn't spent much time telling people about it. The company appears to be rethinking its strategy with a new TV commercial aimed solely at promoting its online video service.
AOL Sells Music Services to Online Radio Outfit
AOL is said to have sold its Winamp and Shoutcast legacy digital music services to Radionomy, an international aggregator of online radio stations, which has some 6,000 stations in its catalog. AOL at one point reportedly considered shutting down the two services.
Snapchat, Skype in New Year Security Breach
Several million usernames and phone numbers from the Snapchat messaging app were apparently leaked online late Tuesday night. Meanwhile, the official blog and social network accounts for the web calling service Skype appear to have been breached.
Facebook 'Scans User Messages' to Boost Ads
Facebook has been sued over allegations it systematically intercepts its users private messages on the social network and profits by sharing the data with advertisers and marketers. The scanning is said to be an effort to increase Facebook's ability to "profit from data."
Twitter Aids Soap Opera's Return from the Dead
Ratings for TV soap operas including "General Hospital" and "Days of Our Lives" have gone up for the first time in years. Part of this may be due to social media. For the first time, Nielsen has identified a link between a spike in tweets about a TV show and its ratings.
AllThingsD Journos Launch Tech News Venture
Kara Swisher and Walt Mossberg have launched Re/code, the new incarnation of the tech news operation and conference business AllThingsD. The new enterprise is being launched with investments from NBC and Terry Semel's Windsor Media investment arm.
BuzzFeed: Quality is the Secret to Viral Content
What is the secret to getting people to share what BuzzFeed creates? "The basic secret is quality," said Ben Smith, editor in chief of the viral news site. "Readers are deluged with information all day. We really just try to do the best quality work we can on all fronts."
Upworthy, BuzzFeed: Viral Content Beats News
Click-bait headlines and videos are now the fastest-growing form of online content, said the FT's John Gapper. "Ultimately, entertainment is a bigger business than news. The lesson of the viral epidemic for news publishers is that, if you battle for attention with entertainment, you lose."
Google's Schmidt Predicts Big Future for Mobile
Eric Schmidt sees mobile not just winning the war against computers — it's already won it. Google's executive chairman, in his predictions for 2014, says he believes that "everyone will have a smartphone." And for the most part, Schmidt argues, mobile is where it's at.
Apple, Google Step Up Push for In-Car Systems
Google and German auto maker Audi plan to announce that they are working to develop in-car entertainment and information systems based on Android software. Apple, meanwhile, said that it expects a dozen car brands to adopt its voice-based Siri technology in 2014.
Netflix Hikes CEO Salary by 50 Percent for 2014
Netflix has raised the salary of CEO Reed Hastings by 50% to $6 million for 2014, a regulatory filing showed, as its stock quadrupled in value this year amid new programming and a growth in subscriber base. Hastings will receive $3 million each in cash and stock options for the year.
Samsung to Sell Ultra High-Def TV for $150,000
Samsung said a 110-inch TV that has four times the resolution of standard high-definition TVs is going on sale for about $150,000. The launch of the giant television set reflects global TV makers' move toward ultra HD TVs. Demand for such TVs is expected to rise.
Netflix Tests Pricing Based on Number of Users
Netflix is testing new prices based on the number of people who can use an account, a move that could force customers to pay more for additional family members. The monthly prices range from $6.99 to $11.99. The test suggests Netflix is looking to curb account sharing.
Google Books Lawsuit Appeal Sought by Authors
The Authors Guild has stuck to its word in promising to appeal a federal judge's decision to dismiss its copyright infringement lawsuit against Google Books. The trade association that represents book authors has filed an appeal to the Second Circuit court.
Netflix: Binge-Watchers Are Willing to Exercise
Netflix says an online survey suggests more than half of U.S. respondents are willing to exercise while binge watching instead of sitting on the couch. "Call it the Netflix fitness effect. Not only does it make your workouts easier, but you end up looking forward to them more."
Pinterest, LinkedIn More Popular Than Twitter
More U.S. adults use LinkedIn and Pinterest than Twitter, but that website attracts a greater proportion of blacks and young adults than do its social media peers, according to a Pew Research Center study. Pinterest spiked in popularity over the past year, according to the survey.
Medium Helps Isaacson Crowdsource New Book
Walter Isaacson, author of the biography "Steve Jobs," turned to Medium, the writing website created by Twitter's Evan Williams, seeking feedback on his new book. One post on Medium was read by 18,000 people and inspired about 125 comments, plus dozens of e-mails.
Tech Industry Has High Hopes for IPOs in 2014
San Jose Mercury News
The best year for IPOs in more than a decade is nearly in the books, and 2014 will be even better. Or not, depending on whom you ask. The dueling answers come from a roundup of new year's predictions from Silicon Valley venture capitalists, finance experts and tech execs.
Apple Advises Vote Against Proposal from Icahn
The board of directors of Apple has advised shareholders to vote against Carl Icahn's $50 billion buyback proposal, according to a proxy statement filed with the Securities and Exchange Commission. Apple's "rapid pace of innovation requires unprecedented flexibility."
Yahoo's Mayer Taking Center Stage in Early 2014
New York Post
Marissa Mayer is getting her 2014 off to a flying start. The Yahoo CEO is headed to Las Vegas to deliver the keynote address at the Consumer Electronics Show, before whisking away to Switzerland to attend the World Economic Forum event for ultra-power players in Davos.
Twitter Shares See Big Decline After Downgrade
Twitter shares fell the most since the company debuted on the New York Stock Exchange after Macquarie Capital downgraded the microblogging service, saying the stock has gone "too far, too fast." The unprofitable Twitter was valued at $41.6 billion as of Thursday's close.
Facebook 'Dead and Buried' as Teenagers Flee
Facebook is losing its appeal to teenagers as more and more parents start using it to keep tabs on them, researchers have discovered. Youngsters now consider the social networking site "dead and buried" and are switching to alternatives such as Snapchat and WhatsApp.
Netflix to Purge 89 Movies at Start of New Year
Starting Jan. 1, a number of licensing deadlines in Netflix's ever-changing instant streaming catalog will come and go. The service is said to be losing nearly 90 movies and five TV series. Netflix, however, makes it difficult to figure out exactly which films are about to expire.
Rdio Shutters Vdio Spinoff Streaming Service
Less than a year after launch, Rdio is shutting down Vdio, its spinoff service that sold and rented streaming movies and TV shows. "Despite our efforts, we were not able to deliver the differentiated customer experience we had hoped for." Vdio opened to the general public in June.
Endemol, FremantleMedia Ramp Up Web Shows
Endemol and FremantleMedia, two of the world's largest TV production companies, are plotting online programming assaults for 2014. However, rather than strong-arm their TV productions to the web, both companies will assimilate to the way things are done online.
Vice Media Joining 24-Hour News Game in 2014
So far, Vice Media's news service is mostly just a website and YouTube channel. But a newly released trailer appears to promise a much larger operation within the next year. Vice "plans to create a 24-hour global news channel, by turning its foreign offices into news bureaus."
Reddit Eyes Profits Through Geek-Culture Bazaar
After experiments with subscriptions and advertising, Reddit has begun pouring resources into building an electronic bazaar. Execs say they believe such a venue is the answer to their long search for reliable revenue, complicated in part by their fans' mistrust of advertising.
Groupon Taps 'Beauty Maven' as Spokeswoman
Groupon has made itself a go-to for spa and manicures deals, but now it is stepping up its emphasis on the health, beauty and wellness category by tapping one of its own execs for a new social media-focused position. She will be known as "Favin, the Beauty Maven."
Google Overtakes Apple in Media Buzz in 2013
Google has edged out Apple as the most talked about U.S. company of 2013, according to an infographic from Dow Jones, with 123,769 media mentions to Apple's 120,451. That shouldn't be a surprise; Google has been ahead of Apple three out of the past five.
Twitter Stock Rallies, Market Cap Tops $40 Billion
Shares in Twitter rose 6% to an all-time high on Thursday, bringing the stock close to having tripled from its November IPO. With a market cap of $40 billion, Twitter is now more valuable than much of the S&P 500. It is also far outpacing social peers like Facebook.
Yahoo Looks More Like Gannett Without Alibaba
Wall Street Journal
Heard on the Street: "Yahoo's stake in Alibaba lends its stock a certain style. But the underlying valuation looks stretched. Investors can only guess at what Yahoo will look like underneath its designer wardrobe. Chances are it will look more like Gannett than Google."
Google Penalizes Website for Using Link Schemes
Search Engine Land
Google has penalized the lyric website Rap Genius for using link schemes to manipulate the Internet search giant's rankings. A Google search for "rap genius" will not produce a link to rapgenius.com in the top results. The founders of Rap Genius apologized: "We effed up."
Amazon: Prime Set Records During the Holidays
Amazon Prime, the annual membership program, set records this holiday season by signing up more than a million new customers, according to Amazon. However, some of those customers were left with empty spots under their Christmas trees due to UPS delays.
YouTube's Machinima to Look Beyond Gamers
Machinima, the popular YouTube channel aimed at people who play video games, intends to become something bigger. "We want to be on a billion devices," said advertising head Jay Sampson. Phones, gaming consoles, maybe even something as old-fashioned as the TV.
Instagram Addict Franco Eyes Meanings of Selfie
New York Times
James Franco, the actor-writer-director, has written a piece about selfies for the New York Times, in an effort to explain why Instagram posters and viewers alike are so obsessed with them. "Attention seems to be the name of the game when it comes to social networking."
HuffPost, YouTube Try to Nix Nasty Comments
A growing number of websites have begun reining in the Wild West of online commentary. Companies including Google and the Huffington Post are trying everything from deploying moderators to forcing people to use their real names in order to restore civil discourse.
Twitter Creator Dorsey to Join Board of Disney
Disney has added Twitter chairman and Square CEO Jack Dorsey to its board of directors. Dorsey co-founded Twitter and sent the first tweet in March 2006. He has been chairman of the company since 2008. Dorsey will replace Judith Estrin on Disney's board.
Facebook, Twitter Shares Climb on Ad Optimism
Facebook and Twitter shares have risen to record levels, buoyed by optimism that social-media advertising will grab a bigger slice of the market. As marketers shift spending to social media, both companies will expand their share of digital ads, according to eMarketer.
Yahoo Remains Top U.S. Website Under Mayer
Yahoo remained the No. 1 U.S. web property in November, extending its lead over Google by about 2 million monthly visitors, according to comScore data. Yahoo overtook Google as the top site in July for the first time since May 2011 and has not yielded the spot since.
AOL Banks on Huffington Post to Turn Profitable
AOL has injected tens of millions of dollars into the Huffington Post since acquiring the news website in 2011. While HuffPost's audience has more than tripled, it has yet to turn a profit. "Going forward, things like HuffPost will have to show they are real businesses."
Microsoft's Former Financial Chief to Join WME
New York Post
Former Microsoft CFO Peter Klein is set to take the same position with the new William Morris Endeavor-IMG Worldwide. IMG, the sports, fashion and media agency, is slated to be swallowed by the Hollywood talent shop and its private-equity partner, Silver Lake.
Apple CEO Hints of Big Consumer Plans in 2014
Apple CEO Tim Cook has sent a memo to employees as a reflection of the soon-ending 2013 and the upcoming year: "We have a lot to look forward to in 2014, including some big plans that we think customers are going to love. ... I consider myself the luckiest person in the world."
Report: U.S. Mobile Internet Traffic Nearly Doubles
New York Times
In the United States, consumers used an average of 1.2 gigabytes a month over cellular networks this year, up from 690 megabytes a month in 2012, according to Chetan Sharma, a consultant for wireless carriers, who published a new report on industry trends.
Report: Christmas to Bring App Download Record
Christmas has become the most lucrative day of the year for makers of mobile apps. That's because Dec. 25 is the day that people take the wraps off gifts of smartphones and tablets — immediately spurring many to download games, productivity tools and other apps.
Stat: Most U.S. Adult Content Viewed on Devices
The majority of adult content in the United States is now consumed through mobile devices. According to one network of adult video sites, 52% of its content was viewed through a mobile device in 2013. Another 10% of the network's traffic came from tablet computers.
LinkedIn to Help Companies Improve Recruitment
LinkedIn plans to use the data it has amassed to help companies improve their hiring. The online professional network will create a global map of companies, tracking when people move jobs, where they go and what skills they have. LinkedIn has a "very ambitious road map."
Aereo: Broadcasters Take Fight to Supreme Court
Fox, CBS, NBCUniversal, ABC and other broadcasters have filed a legal brief with the U.S. Supreme Court arguing against the startup Aereo. The brief argued that Aereo is a subscription service that "publicly performs" broadcast TV by streaming it over the Internet.
Hulu Must Face Privacy Lawsuit, U.S. Judge Rules
Hulu has failed to persuade a federal judge to dismiss a lawsuit accusing the video streaming service of illegally sharing users' viewing history with Facebook and comScore. The lawsuit was brought by several people seeking damages of at least $2,500 per violation.
Netflix Premieres Its First Animated Series for Kids
DreamWorks Animation's "Turbo FAST," debuting on Dec. 24, will be the first-ever Netflix original series for children. Families will be able to stream the first five episodes this holiday season, with additional new episodes premiering throughout the year.
Apple, Google Worker Buses Blocked, Vandalized
Protesters angry with tech-boom gentrification in the Bay Area surrounded and temporarily blocked corporate shuttle buses full of tech workers, both in San Francisco and Oakland, Calif. A window was shattered and tires were slashed on a bus for Google employees.
Facebook's Zuck Tops CEO List with $3.3 Billion Pay
New York Post
Mark Zuckerberg is about to break his own record set last year as highest paid CEO. The Facebook chief exec in 2012 earned a whopping $2.3 billion. This year, the 29 year-old is on track to do even better — pulling in $3.3 billion, according to calculations.
Amazon Shares Top $400 for the First Time Ever
Amazon shares rallied Friday, topping $400 for the first time ever. The company is maintaining its "post-Thanksgiving sales momentum," according to analysts. Amazon shares have rallied more than 60% year-to-date and are up more than 27% in the last three months.
Apple Enters 'Huge' iPhone Deal with China Mobile
Apple has reached a long-awaited deal to bring the iPhone to China Mobile, the world's biggest phone carrier in one of the world's fastest growing smartphone markets. The deal, while "huge for Apple," could "ramp faster than any of us can imagine."
IAC Exec Apologizes After Being Fired for Tweet
Justine Sacco, formerly a PR exec for IAC/InterActiveCorp, was fired over her tweet that read: "Going to Africa. Hope I don't get AIDS. Just kidding. I'm white!" She later apologized, saying she is "ashamed" of her insensitivity to the millions of people living with the virus.
Vimeo Seen as Diller's Next Bet as Match Exits
With his Match Group on course to become its own company, billionaire Barry Diller is turning his attention to video-streaming site Vimeo to step up growth for his holding firm, IAC/InterActiveCorp. "They view Vimeo as one of the best assets of the company."
YouTube Claims Eyed by Gaming Video Creators
Independent developer Lars Doucet has begun an effort to organize a movement in response to the rise of YouTube copyright claims against gaming-focused content on the video site. Doucet has created a wikia directory page as a resource for video creators.
Google News Posts Wrong Photo with CBS Story
Ian "H" Watkins, a member of the British pop group Steps, tweeted his anger after being wrongly linked to a convicted sex offender. The Google News aggregator appears to have matched a BBC photo of the pop star with a CBS News report about the sex offender.
Groupon Sees iPad as Passport to Global Markets
Groupon said it has become iPad-friendly in 12 new global markets. Subscribers in Argentina, Denmark, Finland, Greece, India, Israel, Norway, Poland, Portugal, Romania, Turkey and the United Arab Emirates can now use the online deal company's mobile app on their iPads.
IAC Chief Stepping Down to Oversee Match Unit
IAC/InterActiveCorp CEO Greg Blatt will step down and take on the chairmanship of a new unit called Match Group that will focus on expanding the company's online-dating business. IAC said current Match CEO Sam Yagan will become CEO of the new group.
Twitter May Be Just Getting Started with Changes
As Twitter works to expand its user base, the company is going to be rolling out many more features that will aim to make the platform more user friendly and attract more advertising dollars, according to industry experts. "It's hard to imagine a company like Twitter standing still."
Facebook Said to Grab No 2 Spot in Online Ads
Facebook is now the top seller of online advertisements after Google, according to researcher eMarketer. The world's largest social-networking service is on track to take in $3.17 billion of U.S. digital-ad spending this year, while Google will account for $17 billion.
Foursquare Wins $35 Million to Boost Ad Network
Foursquare has completed a new $35 million financing round. CEO Dennis Crowley announced the capital increase via investments from DFJ Growth and Capital Group. The round is intended to help boost the mobile location-based social network's advertising network.
Federated Media Quietly Sells $60 Million Stake
San Francisco Business
Federated Media, the online advertising network co-founded by John Battelle, has filed U.S. regulatory documents showing that it raised nearly $60 million over the past two years, including nearly $10 million earlier this year. Battelle retook the reins as CEO in February.
EBay Founder Eyes $50 Million for News Startup
EBay founder Pierre Omidyar has earmarked $50 million for the digital news company he plans launch. Called Digital First Media, the startup's marquee hire so far is Glenn Greenwald, who led the way in publishing documents revealing U.S. government surveillance leaks.
Wolff: Digital Media 'Pretty Damn Bleak' in 2014
Author and media iconoclast Michael Wolff: "There's going to be a consolidation in digital publishers. From Business Insider to BuzzFeed to Gawker. It looks like everybody is going to try to sell themselves to Yahoo. So that's the question: How dumb is Yahoo?"
Google: It Pays to Be Evil During the Holidays
Google appears poised to benefit more than ever from the e-commerce boom, thanks in part to its shopping search engine. Unlike regular search results, Google's shopping results are made entirely of paid advertising, which retailers have "embraced with a vengeance."
Apple's Cook Kicks Off Push for 'Made in USA'
Apple will start taking orders for the new Mac Pro personal computer, which is being built in Texas with components made domestically as part of CEO Tim Cook's $100 million Made-in-the-USA push. "We have begun manufacturing the Mac Pro in Austin," Cook tweeted.
Facebook's Zuck to Sell $2.3 Billion in Shares
Mark Zuckerberg, Facebook's founder and CEO, will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Zuckerberg's sale will reduce his voting power to 56.1% from 58.8%.
Lionsgate Bringing 'Hatching Twitter' Tale to TV
The tumultuous tale of Twitter's rise to social ubiquity will be coming to a living room — and more likely laptop — screen near you. Lionsgate announced that it would be adapting New York Times journalist Nick Bilton's bestseller "Hatching Twitter" as a project for TV.
Hulu: We Generated $1 Billion in Revenue in 2013
Hulu has 5 million subscribers for its Hulu Plus video subscription service, the company announced. That is up from 3 million a year ago. The company also said it generated $1 billion in revenue this year — a number that outgoing CEO Andy Forssell projected in October.
AllThingsD Duo Hire Top Editor for New Venture
Kara Swisher and Walt Mossberg have hired Kenneth Li, formerly of Reuters, to be managing editor at their new tech focused website. Swisher and Mossberg are moving on from Dow Jones, where they built AllThingsD into a tech news powerhouse with scoops and analysis.
New York City Digital Chief Poached by Cuomo
Rachel Haot, New York City's first-ever chief digital officer, has been hired by New York Gov. Andrew Cuomo. Haot will reportedly become the state's first deputy secretary for technology, overseeing the Cuomo administration's presence on the Internet.
Tech CEOs Warn Obama About Spying Programs
The leaders of major U.S. tech firms warned President Obama during a White House meeting that National Security Agency spying programs are hurting their reputations. The meeting, which was "not at all contentious," attracted the CEOs of Apple, Yahoo, Netflix and Twitter.
Microsoft Expects CEO Appointment in Early 2014
Microsoft's board said it will not decide on a new CEO until probably early 2014. John Thompson, head of the Microsoft board's search committee, posted an update on the progress of the search to replace Steve Ballmer: "We identified over 100 possible candidates."
YouTube CEO Said to Discuss Stepping Aside
YouTube's quest to lure more-lucrative videos and advertising is said to be struggling as a leadership change may be afoot. The "channels" that YouTube helped fund have had mixed results for advertisers. Prices for premium ad space have been flat or falling this year.
Netflix Taps TV Comedy Veteran for Programming
Netflix has hired Jane Wiseman, previously with Chernin Entertainment, as SVP of comedy, a senior position for original programming. During her time at Chernin, Wiseman helped to produce shows such as "New Girl" for Fox. Wiseman is a veteran of comedy development at NBC.
Facebook to Charge $2.5 Million for Video Ads
Facebook reportedly plans to charge $1 million to $2.5 million a day for video advertising campaigns, depending on the size of the audience a marketer is trying to reach. But that price range could reduce advertiser interest. "If it is a $1 million commitment, it will be limited."
Apple: 'Candy Crush' Is Most Downloaded App
According to Apple, "Candy Crush Saga" was the top free downloaded app from the App Store in 2013. By some reports, the game has been downloaded more than 500 million times since it launched in November 2012. The app for YouTube came in at second place.
Amazon Worker Crushed to Death at NJ Facility
A temporary worker at a facility that sorts packages for Amazon died after being crushed by equipment, according to the company and government officials. The incident happened on Dec. 4 at the facility, which is used for general warehousing and storage, in Avenell, N.J.
Nielsen: Instagram Bigger Than Twitter on Mobile
On smartphones, Instagram proved more popular than its social-networking rival and would-be acquirer Twitter, according to Nielsen. The firm ranked Instagram seventh on its Top 10 list of smartphone apps and counted an average monthly audience of roughly 32 million people.
TiVo Founders to Release New TV Streaming Box
TiVo co-founders Michael Ramsay and Jim Barton are about to release a new TV companion device that aims to combine video discovery and curation with smart TV functionality. The new QPlay has been developed by a San Jose-based company called InVisioneer.
Facebook Buys SportStream to Tackle the News
Facebook announced that it has agreed to purchase SportStream, an 18-month-old San Francisco company that specializes in collecting real-time sports data and passing it off to media companies, sports organizations and broadcasters. Terms of the deal were not disclosed.
Yahoo to Buy Content Delivery Network PeerCDN
Yahoo is in the process of acquiring yet another startup: PeerCDN, a content delivery network. PeerCDN's platform is expected to help Yahoo's media goals in delivering its news and entertainment content, currently in the works following several major industry hires.
TheStreet Activist Investor Vows Website Shakeup
New York Post
Investor Spear Point, after failing to persuade TheStreet to force Jim Cramer to write exclusively for the site, has vowed to continue the fight to shake up the company. Ron Bienvenu, CEO of the activist hedge fund, said he is considering a proxy fight for two board seats.
Mashable Considers Move to Big New Headquarters
Crain's New York
Mashable, the news hub for the social media set and one of the first of a string of new media websites, is in talks to take a big new Manhattan headquarters. The company is negotiating to take up to 60,000 square feet at the recently renovated 114 Fifth Avenue.
BuzzFeed Founder Talks Viral Clickbait on 'Colbert'
BuzzFeed founder Jonah Peretti did a sit-down on "The Colbert Report" and didn't even have to answer any questions about cat listicles. "It's a very dynamic time in the media industry," Peretti told Colbert, who interjected: "By dynamic you mean clusterf*#@, right?"
HuffPost Founder to Lead 'Unplugging Challenge'
Arianna Huffington: "With the holidays almost here, Cindi Leive, Mika Brzezinski and I have decided that there is no better time to unplug, recharge and renew ourselves in time for the new year. And what better way to do that than by disconnecting from all our devices?"
NBC, Yahoo Team Up for 2014 Winter Olympics
NBC and Yahoo will partner to promote video highlights and live streamed video of the Sochi Games, ending years of public sniping over what outlet drove the most traffic during the Olympics. The agreement extends the partnership that NBC and Yahoo signed a year ago.
Netflix to Stream 'Breaking Bad' Spinoff Series
Netflix plans to stream "Better Call Saul," a new "Breaking Bad" prequel series, to its members in Europe and Latin America shortly after the show's airing in the U.S., beginning in 2014. The deal underscores the international opportunity that digital streaming has opened up.
Amazon to Shoot Its Original Series in Ultra HD
Amazon will begin shooting all of its original TV shows in 4K, otherwise known as Ultra HD, in 2014. The company plans to release 11 pilot episodes early next year, and those that are green-lighted for a full series will then be shot in the new high-resolution format.
Apple, Leading Tech CEOs to Meet with Obama
President Obama will meet Tuesday with more than a dozen big-named tech CEOs to discuss the Obamacare site, cybersecurity and the economy. In attendance will be Apple's Tim Cook, Google's Eric Schmidt, Facebook's Sheryl Sandberg and Yahoo's Marissa Mayer.
Facebook Launches Video Ads in News Feeds
Facebook has begun to roll out a feature that will allow advertisers to play videos in users' news feeds. The feature, which is being tested with a small group of Facebook users, offers companies a new way to promote movies and products on smartphones and computers.
Twitter Working on 'Edit' Feature for User Tweets
Twitter is said to be working on a new feature that would allow users to edit tweets once they are published. The feature has been "a top priority" at the company for months, as Twitter pushes to expand partnerships among media organizations and content producers.
Apple: Beyonce Release Is Fastest-Selling Album
Beyonce's surprise album release on iTunes last Friday has been a huge hit. Apple announced that the self-titled video and song collection sold 828,773 copies in only three days, making it the fastest-selling album on iTunes ever. Some 617,213 copies were sold in the U.S.
AOL Reorients Sales Around Global Categories
AOL said brands are finally ready to do more than pay lip service to going global. So the company is reorienting its sales service to help better capture those global dollars. Jim Norton, who was previously SVP of AOL Advertising, has been named head of global media sales.
Huckabee Post News Site to Launch in January
Former Arkansas Gov. Mike Huckabee plans to launch a news publication, called Huckabee Post, in January. The site is a "natural extension and expansion" of the discussion of news and commentary Huckabee already does online, and has done through other media outlets.
Google to Seek Brand Ad Billions with YouTube
Google is stepping up efforts to win more advertising dollars from brands because the Internet giant sees this area as a big driver of revenue growth. In coming months, Google will re-package YouTube to look more familiar to TV advertisers. "YouTube will be more like cable TV."
Facebook Leak Reveals Plan to Nab TV Ad Dollars
A leaked, confidential presentation to teach Facebook partners how to sell the social network's video advertising details the Internet company's plan to beat TV. If Facebook's plan works, it could lure in tons of ad revenue as marketers shift their focus from TV to digital.
Microsoft to Launch First Original Shows on Xbox
Developing original series for Microsoft has taken a little longer than veteran TV exec Nancy Tellem had hoped, but her first slate of shows will launch on the Xbox video-game consoles early next year. "We're hoping we will be able to put something up in the first quarter."
Yahoo's Couric to Take Pay Cut as Global Anchor
Katie Couric is said to be raking in $6 million a year from Yahoo in her new "part time" role as the company's global anchor. That pales in comparison to some of her previous jobs. At ABC, Couric's company is said to have had an overall deal that grossed $20 million a year.
Apple's Beyonce Release a Music Game Changer
Beyonce broke all the music release molds with her new visual album. The superstar cut out all middle men, and she kept a massive work a complete secret. Plus, releasing the album all at once and only on iTunes signifies that we are in a completely "digital, social age now."
Twitter Tests Localization Mobile Feature 'Nearby'
Twitter has an eye on your location — and is testing ways to share it with other nearby users. The short-messaging service appears to be testing a new timeline for its mobile app called "Nearby." It shows recent nearby tweets, whether you follow the tweeter or not.
Google Acquires Maker of Animal-Inspired Robots
New York Times
Google has acquired Boston Dynamics, an engineering company that has designed mobile research robots for the Pentagon. The company has gained an international reputation for machines that walk with an uncanny sense of balance and even run faster than humans.
AOL: Patch Local News Network Is Not Closing
A report that Patch is "winding down" is "factually inaccurate," said a spokesman for AOL. A New York Times article stated that AOL reportedly plans to dismantle Patch or sell it off to various partners, even though CEO Tim Armstrong "cannot quite admit that it is over."
Deadline Hollywood Former Editor Hires Lawyer
Nikki Finke has hired Hollywood litigator William Briggs to represent her in an upcoming arbitration with Penske Media, owner of the Deadline Hollywood blog. Briggs, who was once partners with well-known attorney Marty Singer, has represented Charlie Sheen.
Huffington Post to Create Global Ad Sales Team
The Huffington Post is fast becoming an international media brand. But while 44% of traffic comes from outside the U.S., the dollars aren't keeping pace. International advertising dollars are expected to rise 180% in 2013 but only contribute 15% of the revenue.
Huckabee Post Online News Venture Seeks Writers
Mike Huckabee's radio show is ending. Could he be taking a stab at the Internet next? An ad has popped up on Craigslist seeking reporters for a new venture called Huckabee Post, described as an "exciting online news publication covering politics and general news."
Netflix Bests Broadcast Networks in Globe Nods
Netflix, which didn't exist as an original TV programming source until last year, has snagged six Golden Globe nominations — more than stalwarts ABC, CBS and NBC. Netflix's "House of Cards" earned a nomination for best TV drama. HBO led all TV networks with nine nods.
Apple iTunes Releases 'Surprise' Beyonce Album
Beyonce has surprised the world with the unanticipated release of an album exclusively on iTunes. "Beyonce: The Visual Album" features 14 tracks and 17 videos. Individual songs will go on sale Dec. 20. Beyonce released the album without any promotional marketing.
Aereo: We Welcome Court Bout with Broadcasters
Aereo has a message for the broadcasters looking to sue it at the U.S. Supreme Court: Let's do this thing. Founder and CEO Chet Kanojia said that he won't oppose a petition brought by CBS, ABC, NBC and Fox to shut down the company for copyright infringement.
Netflix: Users Watch Entire Season in One Week
Wall Street Journal
Netflix is releasing data showing that half the users it studied watch an entire season — up to 22 episodes — in one week. "Our data shows that the majority of streamers would actually prefer to have a whole season of a show available to watch at their own pace."
YouTube Unveils Top 10 Trending Videos of 2013
YouTube has released its top 10 trending videos of 2013. Yes, the Miley Cyrus spoof video is in there. But, what's not on the list? Cat videos, homemade videos and wacky amateur recordings are, for the most part, missing. This year's list is full of professional videos.
AOL Makes Move to Block Rivals of CrunchBase
AOL has begun legally locking down its CrunchBase service, in response to a commercial iPhone app that used the crowdsourced database of tech outfits to compete with the Internet company. A new license will forbid unauthorized commercial use of CrunchBase.
Facebook's Instagram Service to Rival Snapchat
Instagram has unveiled a new messaging service at a press event. The system, called Instagram Direct, lets users share photo and videos with individuals or groups. Unlike Snapchat, Instagram's messages won't disappear. "Instagram is more focused on archiving."
Twitter's MoPub Offers Native Ads for Mobile Apps
Twitter's MoPub mobile advertising exchange has launched a native ad offering, calling it the "first programmatic-enabled native ads platform for mobile apps." Native ads "offer an opportunity to monetize apps more effectively by matching the original content's look and feel."
Business Insider Inks Deal for Fifth Avenue Offices
New York Observer
Business Insider is said to have signed a 20,646-square-foot sublease of the entire eighth floor at 150 Fifth Avenue in Manhattan. The Henry Blodget-run business and tech news website is currently subleasing 12,281 square feet on the 13th floor at 257 Park Avenue South.
22 Words Bests BuzzFeed, TMZ in Social Traffic
TwentyTwoWords.com had a better social traffic month in November than BuzzFeed, TMZ and the New York Times. The aggregation site — offering "everything from the serious & creative to the silly & absurd" — is run by one guy. "The Facebook gods smiled upon us."
Report: Digital Video Set to Take Over the World
Digital delivery is set to displace broadcast and cable TV as the dominant form of video consumption, according to a report from Citigroup. "Consumers prefer streaming shows on their terms as opposed to having to be home at a certain time to watch favorite programs."
YouTube Ad Revenue Surges 50% to $5.6 Billion
Advertising will spend a projected $5.6 billion on YouTube in 2013, an increase of more than 50% on the previous year, according to a report by eMarketer that underlines a shift away from traditional TV ads. The sharp rise follows an explosion of viewing on mobile devices.
Google Creates a Road Map to Global Domination
New York Times Magazine
In the future, location-awareness will be built into more than just mobile devices. All of our stuff will "know" where it is. So the competition to make the best digital maps is more than a struggle over who dominates the smartphone market; it's a contest over the future itself.
Yahoo's Teen Millionaire Works on Mobile Search
Remember Nick D'Aloisio, the teen wunderkind who sold his company Summly to Yahoo for some $30 million? He's still at Yahoo, because he's enjoying his work, he said. The 18-year old is developing software to make Yahoo's mobile search more user-friendly.
Facebook Added to Standard & Poor's 500 Index
Facebook is gaining even more status with investors after being added to the popular Standard & Poor's 500 index. The No. 1 social network, which sold shares to the public for the first time in 2012, is also joining the S&P 100 index of the very largest U.S. companies.
Spotify Launches Free Mobile Streaming Service
Spotify has launched a free streaming service for mobile devices. The company will allow users to stream playlists for free as long as the songs are shuffled randomly. It's a step closer to picking songs on demand, a feature reserved for members who pay $10 a month.
Snapchat Snaps Up $50 Million in Latest Funding
Snapchat has raised $50 million in equity financing from two investors, according to a new U.S. filing. The app for disappearing picture and video messages has grown to process more than 400 million "snaps" per day and is believed to be a big hit with tweens and teens.
Apple TV Adds Bloomberg, 'Watch ABC' Channels
Apple continues to flesh out its Apple TV set-top-box offering, adding handful after handful of new channels. The company has just added Bloomberg TV, Crackle and KOR-TV, alongside cable subscriber access to local ABC affiliates via a "Watch ABC" channel.
AOL Chief Hints at Impending Partnership for Patch
When AOL's Patch cut hundreds of employees and shuttered dozens of sites this summer, the hyperlocal news behemoth seemed headed towards the scrap heap. But it may instead be moving towards a partnership, according to new remarks made by AOL CEO Tim Armstrong.
Huffington Post Moves Spur Speculation of Spinoff
Huffington Post is increasingly looking like a standalone business at AOL. The news and aggregation site is creating a big, standalone ad sales force to double down on premium advertising. The move could refuel speculation that HuffPost could one day spin off from the mother ship.
YouTube Flagging Game Videos Over Copyrights
Something is going down on YouTube that has caused a headache for many of the channels that upload video game-related footage. The automated Content ID system that finds copyrighted material in YouTube uploads has suddenly begun flagging videos that feature games.
Aereo Testing App for Google Chromecast Player
Aereo plans to launch on Chromecast, with the over-the-air broadcast streamer now testing an app for Google's $35 HDMI dongle, according to CEO Chet Kanojia. He added that Aereo is working on partnerships with two TV manufacturers, aiming to unveil them next month.
IAC Gets a Bargain in Buying ValueClick Websites
IAC/InterActiveCorp got a bargain when it agreed to buy a group of ValueClick websites for $80 million, according to Goldman Sachs. The properties, which include finance-education site Investopedia, were valued at $140 million on a sum-of-the-parts basis.
Apple iTunes Radio Nabs Sales Exec From Cumulus
Crain's New York
Apple's iTunes Radio is said to have poached a top radio ad exec as it prepares to offer the service widely to advertisers in 2014. Former Cumulus Media executive VP-sales Michael Pallad is now said to be overseeing ad sales for iTunes Radio internationally.
Spotify to Secure Exclusive Deal with Led Zeppelin
New York Times
Spotify is expected to announce that Led Zeppelin — which has so far refused to license its music for streaming — will join its catalog. Also, the digital service is expected to announce that it will make a limited amount of music available free on mobile devices.
Yahoo to Give Details on Ad Sales After SEC Probe
Yahoo has agreed to disclose more details on its revenue tied to advertising after the U.S. Securities and Exchange Commission sent letters to the company asking for clarification. Yahoo outlined the portion of revenue it gets from a search agreement with Microsoft.
Twitter's New Head of News Explains Exit from NBC
Vivian Schiller, who will start as Twitter's first news partnerships leader in January, has explained why she chose to make the jump from "digital person in a media company" to "the media person in a tech company" — "There is a sense that anything is possible."
Facebook Users Don't Regard Site as 'Newspaper'
Most users think of Facebook as a place to share photos and keep up with friends. But this not how Facebook thinks of itself. In CEO Mark Zuckerberg's mind, the social networking site should be a "personalized newspaper." The gap is starting to become visible.
Huffington Post Ends Site's Anonymous Comments
Huffington Post: "We're going a step further to evolve our platform to meet the needs of the grown-up Internet. After weeks of fine-tuning our commenting technology and platform, we are pulling the switch in a way that will bring more civility and accountability."
BuzzFeed Presents '13 Things We Learned in 2013'
BuzzFeed University has taken a look back on social advertising, mobile, video and the reinvention of news and entertainment for the social web. Among the viral news website's "amazing lessons" from 2013: "A good content strategy inspires conversation."
Netflix to Stream Romney Documentary Film 'Mitt'
Netflix said it plans to stream a documentary about 2012 Republican presidential nominee Mitt Romney. "Mitt," directed by Romney family friend Greg Whiteley, will premiere Jan. 24. The film chronicles Romney and his family during his run for the presidency.
Twitter Shares Rise Most Since IPO on Ad Optimism
Twitter shares rose the most since its IPO to a record close as new advertising products spurred optimism about the company's future sales growth. With a market cap of $27.9 billion, the microblogging service is among the most expensive Internet companies.
Google Introduces Ad Unit for Its Social Network
Search Engine Land
Google has introduced its first monetization effort for its social networking platform, Google+. Rather than running ads directly within the platform, Google has announced a new ad unit called +Post ads, which allow brands to turn their Google+ content into ads.
Facebook Hires NYU Expert to Oversee New Lab
Facebook has hired deep learning expert Yann Lecun from New York University to head up its new artificial intelligence lab. The move is part of a bigger push along with — and against — companies like Google and Microsoft to advance research while improving their platforms.
Yahoo in Talks to Acquire Photo-Sharing Site Imgur
Yahoo is said to have begun serious talks to acquire Imgur, a photo-sharing website. Imgur was created in 2009 by Alan Schaaf, a student at Ohio University. He created the site because he was "annoyed" that many photo-sharing sites were difficult to use.
Snapchat Seeks Restraining Order Against 'Founder'
Snapchat, a startup that lets users exchange fleeting photo messages, has filed for a temporary restraining order against Frank Reginald Brown, who claims he came up with the idea for the company. Brown is suing Snapchat for breach of partnership agreement.
AOL Local News Service Patch Co-Founder to Exit
Jon Brod, who has held multiple roles at AOL and was most recently in charge of the Internet company's venture arm, is departing. Brod, a co-founder of the Patch local news service, is one of the last AOL execs with longstanding ties to CEO Tim Armstrong.
AOL Patch Editorial Director Resigns Amid Turmoil
Anthony Duignan-Cabrera, VP of editorial at AOL's Patch local news service, is said to be leaving the company. "He told employees on the conference call he wasn't 'squeezed out' of the position, but sounds sad and doesn't have another job lined up."
Pinterest Gaining on Facebook, Twitter for News
When it comes to sharing news online, Facebook and Twitter get most of the attention. Pinterest, a platform more traditionally known for retail, food and travel-related postings, is gaining ground in the news category as well. Many people now get their news via social networks.
Flipboard Nears $1 Billion Valuation from Funding
Flipboard is the latest online media startup fast approaching a $1 billion valuation. The magazine-like digital reader startup, formed in 2010, plans to file documents for a $50 million round of funding that adds to a $50 million round closed in late September.
AllThingsD Editors Complete NBCUniversal Deal
AllThingsD editors Walt Mossberg and Kara Swisher, who are leaving News Corp. at the end of the year, are said to have completed a deal with NBCUniversal for a news and conference business that will bring their current staff to a new website, to be called Revere Digital.
Google Preps Launch of Nexus TV Box in 2014
Google is said to be close to unveiling its own Nexus-branded TV set-top box for streaming videos and playing games. The set-top box, which would stream video from services such as Hulu and Netflix, could become available as early as the first half of 2014.
Yahoo: Is 'Geek Goddess' Helping or Hurting?
Marissa Mayer became a Silicon Valley superstar as one of Google's highest-ranking women. In the wake of her jump to run the struggling Yahoo, a lengthy article in Vanity Fair asks whether she will be its savior or its next big problem. "A year and a half in, the results are mixed."
'World of Warcraft' Online Game Targeted by Spies
U.S. and British spies have infiltrated the fantasy worlds of "World of Warcraft" and "Second Life," conducting surveillance and scooping up data in the online games played by millions of people across the globe, according to newly disclosed classified documents.
Hulu's New Strategy: 'Specialized But Not Niche'
Charlotte Koh, Hulu head of development, original series: "We are a great aggregator for content that feels specialized but not niche. You want to look for stuff that has a special intelligence about it, that you feel could be a little more challenging than a typical television view."
Yahoo Acquires Concert Video Streamer Evntlive
Yahoo said it has acquired Evntlive, a streaming video startup that broadcasts live concerts and events to online viewers. The company was founded in 2012. After the acquisition, Evntlive will shut down its existing service, and its employees will join Yahoo's video team.
AOL Editor in Chief Said to Be Exiting Amid Turmoil
New York Post
More turmoil seems to be engulfing AOL. The latest is that AOL editor in chief Cyndi Stivers is said to be departing the Internet company. Stivers's job is to "ensure the site showcases the most compelling stories relevant to AOL viewers and drive a distinctive editorial voice."
Gawker, BuzzFeed Weigh In on Defamation Lawsuit
Twitter, Facebook, Amazon, Gawker and BuzzFeed are among the Internet big names that have blasted a federal judge's decision allowing the gossip website TheDirty.com to be sued for defamation by a former Cincinnati Bengals cheerleader. The suit could "chill online speech."
Mashable Nabs Financial Times Vet to Cover Media
Talking Biz News
Jason Abbruzzese, a web editor at the Financial Times for more than two years, has left the business newspaper for a new position at Mashable, the social media news site. At Mashable, Abbruzzese will be a media reporter. His last day at the Financial Times was Friday.
Apple, Google, Facebook Dominate Mobile World
Apple remained the top U.S. smartphone maker in the October quarter, while Google's Android was the dominant operating system in that market, said comScore. Google was the top website on smartphones, with 88% of the mobile media audience, followed by Facebook with 84%.
Netflix Near Cable Popularity Among Young Adults
Netflix is creeping up on cable in the race for U.S. young adult subscribers. Among those between the ages of 18 and 36, some 46% of paid TV subscribers choose cable, while 43% use Netflix. Statista's chart shows the breakdown of which TV services Americans pay for.
Aereo Targets Baltimore for Next Market Launch
Aereo, the online TV service that streams over-the-air shows in parts of the U.S., said that it will launch in Baltimore on Dec. 16. The company aimed to expand from its New York home base to 22 U.S. cities this year, but has been held back by tech difficulties and legal wrangling.
Fox News Remains Silent on Settlement with Exec
New York Times
Fox News Channel has long been described as insular and buttoned up, a reputation that has been reaffirmed over the question of whether it has reached a settlement with Brian Lewis, the former close adviser to chief Roger Ailes. The response to inquiries: "I can't help you on this."
Spotify Plans Free Mobile Version of Its Service
Spotify is said to be planning a free, ad-supported version of its streaming-music service on mobile devices, after previously making mobile users pay a fee. Spotify has reached licensing deals with all three of the global music companies to use their recordings on the new service.
Twitter Taps Media Exec as First Female Director
Twitter has named Marjorie Scardino, former CEO of publishing company Pearson, to its board following criticism that it lacked diversity in its top ranks. The addition of Scardino, who is also a former CEO of The Economist Group, expands Twitter's board to eight members.
AOL Lays Off 20 Employees Amid Hiring of Exec
Capital New York
AOL is said to have laid off 20 employees this week, amid the hiring of HGTV exec Brian Balthazar to run the AOL.com home page content strategy. "We are working hard to make sure AOL.com remains a valuable and meaningful product for its millions of daily viewers."
Gawker Preps Subvertical for In-House Viral Savant
Capital New York
Gawker's editors are cooking up a plan to give Neetzan Zimmmerman, the blog's in-house savant of viral material, his own subvertical. Under the plan, Zimmerman would get both his own landing page and an intern, whom he can train in his "dark arts" of "ethical viral engineering."
BuzzFeed: Inside the Mind of 'Visionary' Peretti
Jonah Peretti — visionary media entrepreneur, diviner of virality, and one-time enfant terrible (he turns 40 on New Year's Day) — explains the mechanics of how information spreads, his personal reading habits, and why it's dangerous to be a slave to the numbers.
Apple Faces Push from Icahn on Share Buybacks
Carl Icahn is opening a new front in his quest to persuade Apple to part with more of its massive cash stockpile. The veteran investor wants stockholders to vote on whether the technology giant should spend more of its billions to buy back its own shares on the public market.
Netflix Meets with Officials on Launch in France
Netflix has met with the French president's staff to discuss a possible launch of its streaming service in Europe's third-largest market. Now available in 41 countries, Netflix has to-date focused on English-speaking markets in Europe such as Britain and the Netherlands.
Facebook, Gmail User Passwords Stolen in Hack
Hackers have stolen usernames and passwords for nearly two million accounts at Facebook, Google, Twitter, Yahoo and others, according to a new report. The massive data breach was a result of keylogging software maliciously installed on computers around the world.
Google's Android Man Behind Effort in Robotics
New York Times
Google has quietly acquired several tech companies over the past year in an effort to create a new generation of robots. The Internet giant is tight-lipped about its specific plans. The effort is being led by Andy Rubin, the man who built the Android software for smartphones.
Yahoo Buys Another Mobile Video Editing Outfit
Yahoo has acquired Ptch, which lets users edit and remix videos on mobile devices, just six months after buying another firm that makes apps for making movies using the iPhone. Ptch announced that it was joining Yahoo and that the site was going to be shut down on Jan. 2.
AOL Hires HGTV Exec as Head of Programming
AOL is bringing in Brian Balthazar as executive producer and head of programming. Balthazar comes from HGTV, where he was director of original programming, overseeing such shows as "House Hunter." Balthazar "will play a leading role in the future of AOL.com.”
Twitter to Prep Soft Launch of Retargeted Ads
Twitter is said to be ready to roll out retargeted advertising fueled by browser cookies. The secret sauce of Twitter's retargeting is the use of member accounts as a cross-device identity layer, allowing the company to target ads based on where users have been on the web.
Politico Takes On Manhattan with Capital New York
Politico is expanding beyond the Beltway, heading for a destination almost as obsessed with itself as Washington and with just as many self-appointed know-it-alls: New York. Politico chief Jim VandeHei is stoked about the possibilities. "New York feels like Washington did in 2006."
Gawker Media Names Veteran as Editorial Director
Capital New York
Joel Johnson, founding editor of the websites Kotaku, Gizmodo and The Consumerist, has been named editorial director of Gawker Media, chief Nick Denton told staff in a memo. Johnson, currently an editor-at-large at Gawker, will report for duty in January.
Perez Hilton Preps 'Gay Dads' Unscripted Series
Celebrity blogger and new father Perez Hilton plans to document his adventures in fatherhood with a new unscripted series. Hilton is teaming with Bunim/Murray Productions for "Gay Dads of New York," a proposed series that will follow Hilton and other gay fathers.
YouTube Music Subscription Service Faces Delay
Waiting for YouTube's subscription music service? You're going to have to be patient. The video service had planned to launch a paid music service this year. Now it won't happen until 2014. YouTube is said to be looking at a Q1 launch, though it doesn't have a specific date.
Spotify on Charm Offensive to Win Over Music Acts
Spotify, the digital music service that has been valued at $4 billion, has embarked on a charm offensive to win over artists who have criticized its business model. The company launched a new website to explain how it pays rights holders, and promised to improve transparency.
Netflix 'Turbo' Breaks from Binge Viewing Strategy
Netflix is deviating from the binge-viewing release pattern with DreamWorks Animation's "Turbo Fast" original kids' series, with the first five episodes of the show to premiere Christmas Eve in all the Internet streamer's territories. Netflix has ordered 26 episodes.
Yahoo Taps 'Anchorman' for Year in Review Video
Yahoo has released its "Year in Review" report for the top searches of 2013, and to celebrate, the company turned to faux newsman Ron Burgundy. In the video, Will Ferrell, Paul Rudd and David Koechner reprise their roles from the upcoming "Anchorman 2: The Legend Continues."
Facebook Phases in Button to 'Unfollow' Friends
Facebook has replaced its "Hide All" button with the more succinct "Unfollow," letting users block all messages and posts from selected friends. "This means you are still friends, but updates from that person won't appear in your News Feed," the social network said.
Snapchat Nabs Facebook Exec for Operating Officer
Emily White, the Facebook exec in charge of bringing advertising to its Instagram photo unit, is leaving to become COO of Snapchat. The move is a major talent grab by the photo and video mobile service, which has been the subject of multi-billion-dollar acquisition interest.
Gawker Media Boss: We Got Overtaken by BuzzFeed
Gawker Media's Nick Denton: "We got overtaken by BuzzFeed in November. They surged to 133m global uniques. Damn. That's impressive. And Upworthy — even smarmier than Buzzfeed — is nipping at our heels. They'll likely stay ahead until Kinja comes into its own next year."
BuzzFeed Expects 2014 Sales of Up to $120 Million
BuzzFeed, the online publisher of news, lists and quizzes that are designed to be shared on social media, is said to be forecasting revenue of as much as $120 million in 2014. The company, based in New York, has seen its web traffic more than quadruple over the past year.
Google's Barges to Become 'Floating Retail Stores'
The mysterious high-tech barge that Google is building in San Francisco's Bay is said to be just the first of three floating wonders the Internet giant plans to launch, at a total cost of $35 million. Each barge is to be stacked with 80 shipping containers and flanked by rows of sails.
Facebook to Offer More News, 'High Quality' Content
Facebook said that it will start showing members more links to news articles when they visit the social-networking site, especially when they do so from their smartphones. With the adjustment, Facebook will attempt to surface more of what it calls "high quality content."
Apple Acquires Twitter Analytics Firm Topsy Labs
Wall Street Journal
Apple has bought Topsy Labs, one of the four data-analysis firms with access to the Twitter "firehose," the record of all tweets. The purchase price was said to be more than $200 million. It's the latest foray by the iPhone maker into the social media landscape.
Yahoo Buys Language Processing Firm SkyPhrase
Yahoo has acquired SkyPhrase, a natural language processing startup, in a move that could improve the Internet company's ability to make sense of user commands across any number of its products. SkyPhrase's team has joined Yahoo's Labs business unit in New York.
Netflix, DreamWorks Team for Kids' Programming
For Netflix, kids' programming is anything but child's play. A deal with DreamWorks Animation represents the streaming service's largest push yet into original programming. "Turbo F.A.S.T.," a 26-episode series, will be released Dec. 24 to its 39 million subscribers.
Aereo Targets Wisconsin as Next Launch Market
Aereo has announced plans to expand into 11 Wisconsin counties by early 2014. The controversial streaming service has already launched in cities including New York, Boston and Atlanta. The upstart company positions itself as a cheaper alternative to cable or satellite TV.
Yahoo Global Anchor Couric's Demo Skews Older
New York Post
Yahoo is rolling the dice that Katie Couric, who became America's sweetheart at NBC's "Today" in the 1990s, can give ample glamour and star power to Marissa Mayer's reboot. Couric, 56, skews older than the demographic of 18- to 34-year-olds that companies covet.
Twitter's Global Web Audience Skews Younger
Twitter's U.S. web audience skews young — more so than the rest of the web, according to data from comScore, served up via JP Morgan analyst Doug Anmuth, whose bank was one of the underwriters in the company's IPO. The same holds for Twitter's global web audience.
Apple Objects to Monitor's Fees in E-Books Case
Apple said a monitor appointed to oversee antitrust compliance at the company in the wake of its e-books price-fixing case is "operating in an unfettered and inappropriate manner" and overbilling for it — charging more than $138,000 in his first two weeks.
Netflix Among Web Companies Embracing TV Ads
Wall Street Journal
Google, AOL and Yahoo are doing their best to lure advertisers away from TV in favor of their outlets. But TV's appeal is tough to resist — even for many website owners. There is "something about TV that motivates people," admitted an exec with eHarmony.
Facebook Tests 'Save for Later Reading' Feature
Facebook wants you to spend more time reading news on the social network. The company is said to be testing a feature that would allow users to save links shared inside Facebook to a list for later reading. The functionality is similar to the apps Pocket and Instapaper.
Amazon CEO: We're Testing Delivery with Drones
Amazon is testing delivery packages using drones, CEO Jeff Bezos said on CBS' "60 Minutes." Bezos said the drones, unmanned vehicles that fly through the air, would pick up items from Amazon's distribution centers and transport them to customers' homes.
Report: Mobile Commerce Explodes on Thanksgiving
Visits to 46 smartphone-optimized websites for major retailers saw a 69% increase in visits over Thanksgiving 2012, according to Branding Brands, which powers m-commerce services. But even more revealing is the explosion in actual sales via those devices — up 258%.
Netflix Said to Achieve 'Must-Have' Status Level
The idea of integrating Netflix with the set-top box has been met with mixed interest among U.S. cable operators. But the growing popularity of the subscription video service has made it a must-have from the over-the-top video world, according to TiVo CEO Tom Rogers.
Hulu's Future: White-Label TV Everywhere Service
RBC Capital Markets analyst David Bank predicts Hulu will pitch cable operators on a "white-label TV Everywhere service." That strategy, mixed with a steady stream of originals and shows from its currently at-peace network owners, could be the video service's way forward.
Google Poised to Surpass Exxon in Market Value
Google shares hit an all-time high this week. The Internet search giant's market value is now around $350 billion. Google is currently the third largest U.S. company based on value. It passed rival Microsoft earlier this year and is quickly catching up to Exxon Mobil.
Apple Said to Lack Good News Entering Holidays
The Apple brand name is losing its luster in the face of a more diverse market of tablets and smartphones, according to analysts. Devices from Amazon, Google and Microsoft have cut into Apple's market share. "Apple should put more cash into work toward innovation."
Twitter Pursues Retailers for Holiday-Ad Dollars
J.J. Hirschle, who joined from Google in October, is Twitter's first exec responsible for targeting retailers to advertise on the microblogging service — which is especially important during the lucrative holiday shopping season. Twitter lags Facebook in dollars from retailers.
Pinterest: Retailers Pin Festive Hopes for Deals
Retailers are pinning some of their Christmas hopes on Pinterest, the digital media site. If Facebook is about friends and Twitter is about interests, then Pinterest is about things — and that is a welcome discovery for stores looking for ways to fuse social media and ecommerce.
Groupon to Give $100 Million in 'Groupon Bucks'
Groupon said it is giving users $100 million in Groupon Bucks, to be spread among "tens of millions" of subscribers. The bucks can be used towards a year-long Groupon shopping spree. "We're giving our customers the chance to save even more cash on Black Friday."
Google Glass Available for Sale on eBay, Craigslist
Los Angeles Times
Google isn't expected to release its futuristic Glass eyewear device to the public until next year, but if you really want one now, there are plenty on sale on eBay and Craigslist. Prices for Glass range from as low as $2,500 to $4,000. One device was being sold for nearly $6,000.
Yahoo Hires TV News Star Couric as Global Anchor
New York Times
Yahoo has signed Katie Couric, the longtime TV news star, for a new position as the "global anchor" of the Internet giant's still-formative news operation. "I like being of the moment and embracing what's happening," said Couric. TV news, she added, "is not over."
Google Chief Says Social Media Will Change China
Eric Schmidt, executive chairman of Google, has warned China's leaders that the local equivalents of Twitter and WhatsApp will force the Communist Party to introduce liberal reforms within five years. Censorship systems won't hold back public opinion online, he said.
Facebook, News Corp Gain in Hedge Fund Popularity
A Goldman Sachs report has detailed major shifts in the hedge fund world's market preferences. Facebook ranked among the most important new long positions through the third quarter. News Corp. and Facebook had positive changes during the quarter, while Google lost favor.
Apple Buys Motion-Sensing Tech Firm PrimeSense
Apple has paid about $350 million to acquire PrimeSense, an Israeli startup that developed the motion-sensing technology in Microsoft's Xbox video game console. The deal suggests that Apple is interested in incorporating motion-sensing technology into its own products.
Flipboard to Raise Another $50 Million in Funding
Flipboard is said to be in final talks to raise $50 million in new venture capital funding. This would be an extension to the $50 million that the social news app scored just two months ago, at a reported $800 million valuation. Time Inc. recently signed a content-sharing deal with Flipboard.
Snapchat Chatter Revives Worries of Dotcom Bubble
Online startups with eye-popping statistics have captivated the attention of the media and investors. With valuations hitting nosebleed levels, some hear echoes of the obsession with "eyeballs," or raw numbers of website visitors, that defined the dot-com boom of the late 1990s.
Twitter: Millions of Fake Accounts Undermine Trust
Wall Street Journal
Fake accounts are said to be thriving on Twitter, used to make celebrities and trending topics appear more popular than they are. There is also a robust black market for buying such accounts. "If what is trending on Twitter is being faked, people need to know. This will undermine trust."
Intel Asks $500 Million for Streaming Pay-TV Service
Intel is said to be asking about $500 million for OnCue, the online pay-TV service that the chipmaker developed before dialing back its ambitions. One suitor, Verizon, is said to have begun talking with owners of broadcast and cable channels about terms for a streaming TV service.
Yahoo, Couric Near Deal for Online News Program
Katie Couric is negotiating an exit package with ABC less than three years after joining the network in a wide-ranging deal that included a daytime talk show. The move comes as Couric is close to finalizing a deal with Yahoo to host an interview program on the Internet giant's home page.
AOL Pauses to Rethink Live Video Programming
AOL made a substantial commitment to live programming with HuffPost Live, but five months after AOL announced a second live-streaming video network under its own brand, the exec in charge has left the company and the debut of its flagship show has been postponed.
Twitter Expands Global Reach of Vine Video Clips
Twitter has expanded Vine's global reach. The micro-blogging site has translated the iOS and Android apps for the popular service into 19 more languages, including Korean, Spanish and Thai. Vine on Android is available on two additional languages, Filipino and Polish.
Google Seeks to Take Its Eyewear to Mass Market
Wall Street Journal
It's geek chic, but is Google Glass ready for the mass market? Google is said to be in talks with at least one large player in the eyewear market about making more fashionable frames, developing prescription lenses and training optometrists to fit the device for customers.
Microsoft: Initial Xbox One Sales Exceed 1 Million
Microsoft said it sold more than 1 million Xbox One devices in less than a day after the new video-game console went on sale. The tally surpassed first-day sales for its predecessor. Sony recently said it sold more than 1 million PlayStation 4 consoles in the first day of release.
Facebook Doesn't Have a Teen Problem, COO Says
Facebook's Sheryl Sandberg: "The reaction to that comment has been blown out of proportion. Overall U.S. teen usage of Facebook remains stable. The vast majority of U.S. teens are on Facebook. And the majority of U.S. teens use Facebook almost every day."
Yahoo's Core Business 'Eroding' Under CEO Mayer
Marissa Mayer has generated lots of buzz for Yahoo during her year and a half as the company's CEO. A new logo, redesigned apps and flashy acquisitions have helped lifted Yahoo's stock. "But underneath that fresh coat of paint is a core structure that is still rotting."
Electus Preps ABC Series Inspired by HuffPost
Ben Silverman's Electus studio has sold a comedy spec script to ABC focusing on the romance of two 20-something interracial coworkers who work at a Huffington Post-like online magazine. The couple teams up to work on a relationship advice vlog for viewers to follow.
Microsoft Hopes for Media Role with New Xbox One
Microsoft aims to upstage rival Sony with a console that goes well beyond gaming. The software giant is betting its first new video game console in eight years, which goes on sale on Friday, will help it play a bigger role in how people watch TV and consume media content.
Apple Gets $290 Million in Samsung Patent Dispute
A federal jury has returned its damages verdict against Samsung, saying it should pay Apple $290 million in a patent dispute involving technology used in iPhones and iPads. Apple and Samsung are embroiled in worldwide patent litigation disputes spanning multiple courts.
Amazon to Add Movies from Independent Studio
Amazon has another lineup of movies exclusively available for its subscribers. In a new distribution deal, the Internet retail giant has brought films from independent studio A24 to its collection. A24 is behind such movies as "Spring Breakers," starring James Franco.
Google Chromecast Video Device Adds HBO Go
Google's Chromecast device that allows users to stream video from the web to their televisions has added another important partner: HBO Go. Apps currently available for the $35 thumb drive-like device include Netflix, YouTube, Hulu Plus, Google Play and Pandora.
Twitter Adds Tool for Targeting TV Conversations
Twitter has added a tool for advertisers that will let them target users who are posting about TV shows. The feature will allow networks and consumer brands to promote tweets to users discussing specific shows, even if the advertiser isn't running a spot in the TV program.
Spotify to Raise $250 Million for Expansion Plans
Spotify is said to have raised $250 million in financing led by Technology Crossover Ventures to back its expansion into new territories. The financing comes as the music streaming service is renewing deals with record companies, including Universal Music and Sony.
Pandora Mobile Ads Pass $100 Million for Quarter
Pandora Media, operator of the web's top radio service, has squeezed more juice out of its mobile advertising, with revenue from the ads crossing the $100 million mark for the first time. Pandora aims to become an ad-powered heavyweight alongside its terrestrial radio rivals.
IAC's Diller Sees 35% of U.S. Subscribing to Aereo
Aereo backer Barry Diller said the online-TV service may eventually get as much as 35% of U.S. households to subscribe if it overcomes legal challenges from broadcasters. According to Diller, people in their 20s aren't willing to pay $100 a month for cable-TV packages.
Intel's Hollywood Dreams Prove a Leap Too Far
Early this year, Intel announced plans to launch Intel TV, a new Internet entertainment service that the chipmaker promised could revolutionize the TV industry. Since then, the company appears to have abruptly abandoned the project — a retreat that it is yet to acknowledge.
Apple Devices Preferred by New York City Thieves
Apple products are among the biggest targets for thieves in New York City, according to authorities. In 2012, nearly 20% of all burglaries, robberies and grand larcenies involved Apple products. In total, almost 16,000 Apple items were stolen, representing 14% of all city crime.
Amazon's Bezos Called 'Best CEO in Digital World'
Jeff Bezos is "the best CEO today in the digital world," according to Walter Isaacson, CEO of the Aspen Institute. "He will be able to figure out" how to handle the Washington Post "better than anybody." Bezos "knows you drive it to customer service, and you drive it to user-generated content."
Pilot Group Buys Scout.com from Fox Networks
The North American Membership Group has confirmed a report that it had bought the sports site Scout.com from the Fox Networks Group. The new "digital media network focused on male enthusiasts," now called Scout Media, is owned by Bob Pittman's Pilot Group.
Yahoo to Acquire Snapchat, Pinterest, BuzzFeed?
Speculation that Yahoo could make another big acquisition has been circulating. Analysts expect the Internet giant to continue making big buys "to help improve its growth prospects." Among the leading "candidates" are Pinterest, Snapchat, BuzzFeed and Business Insider.
AOL to Shut Down Digital Music Player Winamp
Winamp, the iTunes predecessor you didn't realize still existed, is alive and kicking — for one more month. AOL announced that it will stop supporting the 15-year-old Winamp as of Dec. 20. Winamp was a popular tool for playing digital music in the late 1990s and early 2000s.
YouTube App Arrives on Microsoft Game Console
Xbox One users will be able to access online video content from a dedicated YouTube app, according to the team behind Microsoft's gaming console. The app will arrive on Friday in most countries. Austria, Ireland and New Zealand will have to wait a bit longer.
Twitter's TV Guide Experiment Nears Prime Time
Twitter has begun promoting TV shows in the latest overhaul of its mobile app, based on the amount of chatter generated on the service. The Twitter TV promotions aren't formal ads. More important to the micro-blogging company is the idea that it can drive traffic to TV shows.
Facebook Drives New Traffic Surge to Publishers
Facebook has sent unprecedented levels of traffic to publishers across the Internet in recent months. Traffic from Facebook referrals to partner network sites are up 69% from August to October of this year. The social network appears to have broadly shifted its algorithms.
Google's New App Offers Newspapers, Magazines
Google has combined its Google Play Magazines and Flipboard rival Currents into one app called Newsstand. The new app includes more than 1,900 free and paid publications, and prioritizes content based on user tastes. "The more you read the better it will get."
Pinterest Launches Pins to Help Users Plan Trips
Pinterest has released a new set of tools to help its users "explore." At an event with some 150 "Pinners" and journalists, CEO Ben Silbermann announced that the company will introduce new ways to plan trips. "We're excited to inspire you to go out and do things."
Craigslist Faces New Competitor in Apartment List
Apartment List, a digital platform for home renters, has raised $15 million in a venture financing round led by Matrix Partners. The startup aims to compete with Craigslist and carve out a new forum for apartment seekers. Just 2 years old, Apartment List is already profitable.
Groupon to Move Into Digital Coupon Business
Groupon has pushed into digital coupons as the company continues moving beyond daily deals. Groupon said it will start offering coupons from tens of thousands of national brands. The move is part of CEO Eric Lefkofsky's plan to make Groupon a shopping destination.
Apple TV Signs Up Yahoo, PBS as Video Providers
Apple has signed on more video providers for its Apple TV box: Yahoo is now offering its Yahoo Screen service on the web video gadget, and PBS has created an app that lets users watch some, but not all, of its shows. Apple has been slowing rolling out more programming deals.
IAC Execs Shine Spotlight on YouTube Rival Vimeo
IAC execs have put a spotlight on Vimeo, breaking out the number of users and revenue for the first time. IAC revealed that Vimeo has an audience of more than 100 million unique users, 400,000 paying subscribers and about $40 million in revenue over the past 12 months.
YouTube Mobile Apps Get First Native Takeover Ad
YouTube has extended its home page takeover ad to its mobile apps for the first time. And to mark the occasion, the video service has updated the ad's look on smartphones and tablets with a so-called native aesthetic. The new design appears akin to a regular video listing.
Maker Studios Exec Joins Endemol Digital Venture
Los Angeles Times
Will Keenan has joined Endemol North America as president of its newly funded digital unit, Endemol Beyond USA. Keenan spent the last two years as VP of vertical development and network programming at Maker Studios. Endemol plans to create a global network of digital channels.
Yahoo CEO Mayer Adds $5 Billion to Stock Buyback
Yahoo CEO Marissa Mayer has given shareholders a reason to smile: The company is boosting its stock buyback by another $5 billion. Yahoo also will sell $1 billion in debt, with notes that mature in 2018. About $200 million of the proceeds from that debt will be used for buybacks.
Apple's New 'Spaceship' Headquarters Wins Approval
San Jose Mercury News
The Cupertino, Calif., city council has voted unanimously to reduce the annual tax break it gives Apple by 15%. Having wrung that concession from its richest corporate resident, the council then voted unanimously to give its final blessing to Apple's proposed new headquarters.
Twitter Eyes Astor Place for Manhattan Headquarters
Crain's New York
Twitter is said to be in talks for a deal to make 51 Astor Place its new Manhattan headquarters. Early this year, the East Village building nearly struck a deal with Facebook, only to see the social media giant switch course and take space across the street at 770 Broadway.
Yahoo to Roll Out Printed Photo Books from Flickr
Flickr has added a photo book feature for its users, Yahoo's photo-sharing site announced. Users need only to click the book icon on any of their sets, and the site will automatically generate a photo book. U.S. users will be able to purchase the books starting next week.
Twitter in Push for Last-Minute Holiday Ad Dollars
Twitter and DB5 Research have partnered to study Black Friday and Cyber Monday shopping behaviors. The bottom line of the study: Twitter users spend more money and more likely to shop on both of those two key holiday shopping days than non-Twitter shoppers.
Amazon Preps Branded Products for Supermarkets
Amazon already sells its own brand of batteries, keyboards and bedding. And now it looks as though the online retailer is in the process of creating its own line of the kind of products that one would normally find on supermarket shelves, according to several job listings.
Google Reaches Privacy Settlement with 37 States
Google has reached a $17 million settlement with 37 states and the District of Columbia over a privacy case involving the use of third party "cookies" in Apple's Safari web browsers. Google was accused of circumventing Safari default privacy settings in violation of several laws.
Yahoo Vows to Encrypt All Users' Personal Data
Yahoo plans to encrypt all communications flowing into its data centers around the world. The commitment follows a report that the U.S. National Security Agency is hacking into the data centers run by Yahoo and Google to intercept information about what people do and say online.
Twitter Is Rising Star in Social Media, Alwaleed Says
Prince Alwaleed Bin Talal of Saudi Arabia said there are currently many investment opportunities to be had. Real estate is hot in the Middle East while social media is popular in the West, he noted. Twitter is a rising star in social media, with potential "to gain more ground."
Facebook, Twitter Stocks Slip After Bubble Warning
Social media and cloud-related stocks took a hit Monday after a weekend Barron's article warned of a bubble in those sectors. Facebook was off 4%, while Twitter shed 6%. The Barron's story argues that "social media and cloud-related stocks seem stretched to bursting.”
Apple Rumored to Reach Beyond the Touch Screen
Rumors have surfaced that Apple has acquired the firm that developed sensor technology for Microsoft's Xbox Kinect. But the news may have been leaked before the deal was finalized. Adding gesture recognition technology could help boost Apple's dominance.
Google Opening Showrooms to Show Off Gadgets
Google plans to open showrooms in six U.S. cities, promoting its latest products and stepping up retail efforts against Apple and Microsoft as the year-end holiday shopping season kicks off. Called Winter Wonderlabs, the outlets feature products such as Nexus 7 tablets.
Hulu Changes TV Strategy with New Leadership
Los Angeles Times
Hulu's newly installed executive team is believed to be pursuing deals with cable operators to offer subscribers access to the online video service as a way to watch current shows online. The team also may seek to use these same pay-TV providers to sell subscriptions to Hulu Plus.
Netflix Resurrects 'The Killing' for Final Season
"The Killing" will be coming back for its fourth and final season. Netflix has purchased a series-ending six episodes from Fox Television Studios that will be available to the website's streaming members. The original "Killing" episodes also will be available for streaming.
Microsoft Board to Refine CEO List at Meeting
Microsoft's board of directors is said to be meeting on Monday to trim a list of CEO candidates, with the goal of whittling the roster to three to five people. Directors are reportedly aiming to have a choice as soon as next month to replace CEO Steve Ballmer, who is retiring.
Facebook Reasserts Posts Can Be Used for Ads
New York Times
Facebook has moved forward with changes to its privacy policies, first proposed in August, that will open up its 1.2 billion users to have their postings and personal data used for advertising. And teenagers are no exception. Facebook "is pushing its users to share more data."
Google: Searches for Child Abuse Sites Blocked
Google and Microsoft have introduced software that makes it harder for users to search for child abuse material online, the companies said in a joint announcement. Google chief Eric Schmidt said his company has fine-tuned search to clean up results for more than 100,000 terms.
Pinterest Launches Local Version in the Nordics
Pinterest has added a new version targeting users in the Nordics. The social networking company announced that a localized version launched in the region and, thanks to the efforts of Pinners in Norway, Sweden, Denmark and Finland, it was translated within a few weeks.
MySpace 'Ruined' by News Corp, Founder Says
Chris DeWolfe, former CEO of MySpace, has accused Rupert Murdoch of ruining the social network – and discussed false charges that he had an affair with the media titan's wife. Murdoch "made a blunder in announcing potential revenues." The same year, Facebook had "zero revenue."
Amazon Political Sitcom 'Alpha House' to Debut
The first three episodes of "Alpha House," the new online political sitcom written by Garry Trudeau, can be streamed for free on Amazon starting Friday. The eight remaining episodes will be posted one a week beginning Nov. 22 and require a subscription to Amazon Prime.
YouTube Revises Ad-Sharing Terms for Partners
YouTube is said to be planning to shift most content partners to the standard 55/45 advertising revenue share. That will eliminate the more favorable 70/30 revenue-sharing terms that some media companies have had for years. YouTube is spinning the change as an incentive.
Apple: Icahn Reports Stake Worth $2.05 Billion
Carl Icahn, the billionaire activist investor urging Apple to buy back $150 billion of its shares, owns a stake in the iPhone maker worth $2.05 billion, a filing showed. The holding is part of Icahn's drive to get Apple to deploy more of its cash to return value to shareholders.
Yahoo Stake Trimmed by Activist Investor Loeb
Billionaire Dan Loeb's Third Point has revealed a new stake in FedEx, according to a regulatory filing. The outspoken billionaire also has stakes in companies including Activision Blizzard and 21st Century Fox. Loeb cut his stake in Yahoo and added a new position in Google.
Google Triumphs in Battle Over Book Scanning
For eight years, the Authors Guild has accused Google of violating copyrights by digitizing libraries and uploading their contents to the web. Google said it has performed a service to society and respected authors' rights. Who's right? Google is, said a U.S. circuit court judge.
Amazon Offers Personalized Kindle Device Covers
Amazon has started giving Kindle users a new way to personalize their devices by letting them put photos, images and patterns of their choosing on their covers at no extra cost. The new service lets customers design their own covers and skins for Amazon's Origami cover.
Twitter, Facebook Dominate Social Media for News
Facebook and Twitter dominate among social media channels delivering news, but users are increasingly turning to multiple sources to check on the latest headlines, according to a study by the Pew Research Center. "The shared audience between these sites is relatively small."
Facebook Reaches More Youth Than TV Networks
Henry Blodget: "Here's another chart we presented this week. The chart shows the staggering reach and influence of Facebook, especially among young people. As you can see, Facebook now reaches more young people each day than ABC, NBC, CBS, and Fox combined.
Google Inks $100 Million Upfront Deal with Publicis
Publicis Groupe agencies DigitasLBi and Razorfish are said to be committing north of $100 million for the coming year for inventory across Google platforms, such as YouTube and Google Plus. Both groups said it is the biggest deal of its kind for each.
Netflix Mulls Launch of Movie Serials for Theaters
Netflix is said to have been approached with a proposal that could bring back the movie serial. The proposal involves film studios creating a series that would release episodes in theaters every two months or so before becoming available exclusively via Netflix.
Google Removes Record 200 Million Piracy Links
Google has been forced to remove more than 200 million "pirate" links from its search listings by rights holders in 2013, in a four-fold increase over 2012. The U.S. and U.K. recording industry trade bodies RIAA and BPI are leading the charge for takedown notices.
Yahoo Puts Premium Domain Names Up for Sale
Yahoo has stumbled upon a bunch of old domain names that it snatched up during the Internet's wonder years and is now looking to unload some of them for cash. The company said it will host a week-long auction to rid itself of more than 100 "premium" domain names.
Facebook's $3 Billion Offer Spurned by Snapchat
Wall Street Journal
Snapchat is said to have spurned an all-cash acquisition offer from Facebook for close to $3 billion or more. The offer, and rebuff, came as the rapidly growing messaging service is being wooed by other investors and potential acquirers. Snapchat is yet to generate any revenue.
Spotify, Snapchat Among Next Possible Hot IPOs
Twitter's scintillating stock-market debut is providing a springboard for a new generation of tech startups to make the leap to Wall Street. The next wave of potentially hot IPOs includes services such as Spotify, Dropbox, Snapchat, Pinterest, Box, Scribd, and Flipboard.
AOL, Roku Prep Launch of Free News Channel
AOL and set-top-box startup Roku are said to be co-launching a news channel. Produced by AOL's editorial team, the video channel will reside on Roku's home screen and will feature original fare, as well as content aggregated from more than 1,000 media news outlets.
LinkedIn Integrates App for User Tailored News
LinkedIn has fully integrated the Pulse social newsreader app into its mobile and web properties. The move means that Pulse users will see article recommendations based on the subject categories and people they follow on the social networking site for professionals.
Baidu Chinese Search Engine Accused of Piracy
A group of Chinese Internet firms has joined the Motion Picture Association of America in seeking $49.2 million in damages from China's Baidu for copyright violation. Baidu, the largest Internet search engine in China, is accused of using an automated process to obtain content.
Netflix Stock Could Drop 50 Percent, Report Says
Netflix shares were the best performer on Nasdaq in 2003, but they lost more than half their value the following year. There have been two similar spikes and plunges since early 2010, and another seems in the works. Netflix stock is so richly valued that it could fall 50%.
Amazon Unveils Original Programming with 'Alpha'
Amazon's move into content creation is another click in the evolution of online video. The company's foray into original programming kicks off with Friday's debut of the political comedy "Alpha House," featuring Mark Consuelos, Clark Johnson, Matt Malloy and John Goodman.
Hulu in Talks with Comcast, Time Warner Cable
Wall Street Journal
Hulu is said to be in early talks with Comcast, Time Warner Cable, Cox, AT&T and Verizon about potential partnerships. Among the ideas being discussed is for pay-TV operators to sell the online video outlet's subscription service as part of their TV bundles.
Roku Set-Tops Sign Up ESPN, Disney Channels
Roku has reached a deal with Disney & ESPN Media Networks to stream live cable-TV channels and on-demand programming to the device maker's streaming-media player — but only for customers of pay-TV providers. "We are adding value to the multichannel video subscription."
Aereo Challenge to Be Aided by Senate Proposal
U.S. senator Jay Rockefeller has introduced a bill that would help Aereo's antenna-based system challenge cable providers such as Comcast and broadcasters including CBS. Rockefeller said he wants consumers to benefit from lower costs and increased choice.
Netflix Unveils Makeover to Improve TV Experience
Netflix has launched a makeover of its streaming video service. The company has redesigned its interface for better discovery of its catalog on TVs. Netflix said the redesign to its user interface is the biggest update to its TV experience in the company's history.
Google Bests Newspaper, Magazine Ad Revenue
Google has become so big that sometimes it is difficult to understand just how big it is. The Internet giant is on course to do $60 billion in revenue this year, almost all of that from advertising. But how big is that in terms of the media it competes against for ad dollars?
Twitter Lets Users Design Timelines Around Topics
Twitter is giving people the ability to choreograph the look and feel of real-time information with a new feature called custom timelines. The feature means people can pluck just the tweets they would like to display in a curated collection that can be shared with others.
Apple iTunes Allows Donations for Typhoon Relief
Apple is giving iTunes users a chance to donate to relief efforts for the typhoon tragedy in the Philippines. Users can go to the iTunes store to donate to the American Red Cross. Funds raised will go to help the Asian nation, which has been devastated by Typhoon Haiyan.
Apple TV Delayed Until 2015 Over Content Deals
Apple's much-rumored HDTV is said to have been delayed by content deals, likely pushing a possible introduction into at least 2015. Though Apple's TV plans seems to be close to materializing every so often, they inevitably slip away as reports surface of content issues.
Intel's TV Service Eyed by Malone's Liberty Global
John Malone's Liberty Global is said to be in talks to acquire Intel's online pay-TV service under development. Malone would likely use Intel's system outside the U.S., according to sources. Verizon last month was said to also be in discussions to buy the Intel service.
Google Relents on Ad Measurement for YouTube
Wall Street Journal
Google said it will begin allowing Nielsen to measure audiences for advertising on YouTube, a decision that could give help shift ad dollars to online video. "If online premium video wants to steal TV dollars they need to be able to transact in a currency that is similar to TV."
Yahoo, Starcom Enter Partnership for Video Series
Yahoo and Starcom have announced a new partnership centered around original web video. The plan is to marry Yahoo's viewership data with Starcom's brand audience data to product original content for the web, ranging from comedy to sports to lifestyle fare.
Yahoo Video Head Departs to Join Maker Studios
Erin McPherson, the Yahoo exec who has been in charge of the portal's video efforts, is leaving the company. McPherson is heading to Maker Studios, the giant YouTube network that is trying to build a business outside of the world's biggest video site, as its content chief.
AOL President of Live Video Channel Steps Down
Nathan Richardson has stepped down as president of AOL Live just two-and-a-half months after getting the job. Richardson had been tasked with overseeing the live-streaming video channel. AOL said it has decided to "pause" the launch of its "770 Live From AOL" program.
Facebook Preps Celeb Chat Tool to Battle Twitter
As Twitter revels in its successful initial public offering, Facebook is said to be pushing onto the microblog's turf, preparing a tool to make it easier for celebrities to chat with their followers. Top actors, athletes and politicians have helped boost Twitter's popularity.
Google Glass Adds Music Features, Sound Search
Google has launched sound search on its Google Glass gadget. This lets users identify a song that is playing in the background by saying "OK Glass. What song is this?" The company also plans to add a voice command to let users listen to tunes from Google's online music services.
Pinterest Launches in Japan in Global Expansion
Pinterest has launched a Japanese version of its service, more than a year after the bookmarking website indicated its interest in the country after inking a link with Japanese e-commerce giant Rakuten. In May last year, Rakuten led a $100 million investment round in Pinterest.
Huffington Post Adds Korea to Global Partnerships
Huffington Post and Hankyoreh Media Group have joined journalistic forces to produce HuffPost Korea. "We're delighted to add a Korean edition to the HuffPost family," said HuffPost founder Arianna Huffington. We will be "inviting Koreans to tell their stories themselves."
Flipboard Expands Service Into Shopping Catalogs
Flipboard has expanded into shopping catalogs just in time for the holiday shopping season. A new tool allows users of the personal magazine creator to display gift wish lists and highlight favorite products. The digital catalogs include links to the products for purchasing.
Instagram, Twitter Use Get OK for Sochi Olympics
Journalists will be allowed to use social media to post still photos and news from the Sochi Olympics, said an Olympic Committee spokesman. The clarification comes after reports surfaced saying journalists would not allowed to use mobile devices at the games.
Netflix, YouTube Dominate U.S. Broadband Diet
Netflix and YouTube account for more than half of America's "downstream" traffic delivered over fixed networks — the kind you get at home or at work — during peak hours, according to a new traffic report. Hulu and Amazon, despite big efforts, "are coming up short."
Hulu Former CEO Poaches Execs for Video Startup
Former Hulu CEO Jason Kilar has raiding the video service once again for talent, this time bringing VP-product Lonn Lee aboard the Fremont Project, his secretive startup. One exec who has spoken to Kilar said that the Fremont Project will be focused on mobile video.
Google's YouTube Comments Redo Stirs Backlash
Google last week unveiled a comment system change for YouTube, moving to an operation powered by Google+. While some users are embracing the change, others are expressing dissatisfaction online: "Google feels like it's pulling a Facebook with these changes."
Yahoo Evaluation Program Brings 'Silent' Layoffs
Yahoo employees are said to be upset by an evaluation system instituted by CEO Marissa Mayer that has apparently resulted in the firings of more than 600 people in recent weeks. "More often than I'd like I'm told we are executing a certain way 'because Marissa said so.'"
Spotify Tunes Up First U.S. TV Deal with Bravo
Bravo's quartet of November premieres will include a cross-promotion deal with Spotify, which lands its first TV-focused partnership in the U.S. with this initiative. Spotify users will be pitched playlists for Bravo shows, embedded within each respective show page on BravoTV.com.
Myspace Hit by Major Layoffs Amid Profit Search
Myspace is said to have let go a "massive number" of people from its Los Angeles office. A rep for the former social-networking giant said: "We're implementing changes to support continued innovation and growth by streamlining operations to achieve profitability."
Twitter's Teen Users to Exit When Parents Sign Up
Teens may love Twitter now, but the minute their mothers sign up, they're taking the conversation offline. And that should have Twitter worried. "You can build a very successful service without teens, but they can be a leading indicator for headroom in new-user acquisition."
Facebook, Twitter 'Trash Talk' Over TV Show Ads
New York Post
Twitter, which is competing with Facebook for TV show advertising dollars, is said to be talking down its rival's audience as older and less hip in its pitches to Madison Avenue. Facebook has responded by scoffing at Twitter's size. "There's been some trash-talking."
Twitter 'Owes' Justin Bieber $21 Million for Tweets
Twitter's 230 million unpaid users deserve part of the windfall from the company's IPO last week, since they generate the site's content, according to Time magazine. Time.com has posted an online calculator to help determine "how much money Twitter owes you."
Pinterest Bests Facebook in Referrals to Martha
Some 58% of social traffic to Martha Stewart's website came from Pinterest in the last six months, compared to 23% from Facebook. The numbers are yet another indication of how Pinterest is poised to become a business behemoth by selling its new "promoted Pins."
Amazon to Test Sunday Delivery with Post Office
Wall Street Journal
Amazon will begin delivering packages on Sundays in New York and Los Angeles later this month with an unlikely partner, the United States Postal Service. Sunday delivery is Amazon's latest effort to chip away at a key advantage for brick-and-mortar retailers — immediacy.
Vox Media to Acquire Curbed Network of Blogs
Vox Media plans to acquire Curbed Network, a saucy trio of urban lifestyle and entertainment blogs, in a deal valued between $20-30 million. Though Curbed has just 5 million monthly unique visitors, the deal will help Vox grow in new categories, including home, food and style.
Pilot Group Acquires Scout Sports Blog Network
The Pilot Group, the private-equity fund run by Clear Channel CEO Bob Pittman, is said to have acquired Scout.com from 21st Century Fox. Scout runs some 300 sports websites. The Pilot Group's NAMG collection of "websites for dudes" will change its name to Scout.com.
Twitter Market Cap Weighs In Above Time Warner
The massive rise in the price of Twitter shares as it began trading publicly briefly made the company more valuable than heavyweights such as Time Warner and Yahoo. Shares in Twitter opened at $45.10, quickly rising to a peak of $50.09, giving it a market cap of $34.7 billion.
Google, Nielsen to Team Up on Campaign Ratings
Google has begun inviting select advertising clients to test campaigns sold using Nielsen's online campaign ratings data. The company isn't saying which brands are involved just yet. But the hope is to eventually make the option available to all Google video advertisers.
AOL to Seek New Ideas in Employee 'Hackathon'
In an internal memo, AOL Global CTO Curtis Brown has announced an "exciting event" that will take place next month at the Internet company's campuses around the world. In a twist on AOL TechCrunch's Disrupt events, the company will run an internal "hackathon."
Groupon Tests 'Ungated' Version in Model Change
Wall Street Journal
Groupon has been testing an "ungated" version of its website. Opening up to users without accounts would widen Groupon's audience and take it even further from its original model of emails with discount offers. The company has been trying to become less reliant on daily deals.
Yahoo's Summly Has Changed the Way We Read
Wall Street Journal
Nick D'Aloisio, who turns 18 this month, masterminded Summly, a summarization app that sold to Yahoo earlier this year for a reported $30 million. D'Aloisio, who is said to possess "an eerie maturity," predicts that summarization programs will one day come to video.
Demand Media Hurt by Search Changes at Google
A drop in search engine referrals and weak advertising has sent Demand Media's revenue down for the first time since the company made its public debut three years ago. The website owner mainly makes its money from articles and videos that surface high in search results.
Twitter Valued at $18 Billion for Much Hyped IPO
Twitter, the global media phenomenon, has priced its shares at $26 each, setting the stage for one of the largest tech IPOs ever. The microblogging service will raise about $2.1 billion from the IPO. The $26 price values the seven-year-old company at some $18 billion.
Microsoft Trims CEO Shortlist to Five Candidates
Microsoft is said to have narrowed its list of external candidates to replace CEO Steve Ballmer to about five people, including Ford Motor chief Alan Mulally and former Nokia CEO Stephen Elop. Despite the narrower list, the process is likely to take a few more months.
Hulu Debuts Animated Series Starring Longoria
With her "Desperate Housewives" days behind her, Eva Longoria wants you to now picture her as a desperate mother — an animated one. Longoria executive produces and stars in Hulu's new original series, "Mother Up!" New episodes are slated to premiere every week.
Google: Floating Barge for Showing Off New Tech
Google has broken its silence on the floating barge structure it is building in San Francisco Bay. "Although it's still early days and things may change, we're exploring using the barge as an interactive space where people can learn about new technology," the Internet giant said.
Yahoo Finance Redesign Pushes Personalization
Wall Street Journal
Yahoo is said to be preparing to unveil a new look for its Yahoo Finance website that features a news feed of articles tailored to each individual user, based on their searches, browsing history and stock portfolio. The redesign follows a move toward personalization.
Facebook: Instagram's First Ad Seen as a Success
Silicon Valley Business
Instagram's first effort at adding sponsored posts has been seen as successful. The first-ever ad, a photo that featured macaroons and a gold watch from Michael Kors, nabbed the fashion designer 33,000 new followers and received 217,700 "likes" in the first 18 hours.
AOL's Armstrong Patch Woes Told in Epic Story
Business Insider has published the "epic" backstory of CEO Tim Armstrong's public firing of an employee at a meeting of its Patch local-news operation in August. "In trying to turn around a collapsing company, Armstrong has had to make many hard decisions."
Pinterest Taps Newspaper Exec for Partnerships
Joanne Bradford, president of the San Francisco Chronicle, will step down at the end of the month to become head of partnerships for Pinterest, the content-sharing service. Bradford will work with Chronicle owner Hearst on developing partnerships between the two companies.
Yahoo in Talks with Seacrest About Content Deal
Yahoo CEO Marissa Mayer is said to be in early discussions with Ryan Seacrest's entertainment production company about what one source called "interesting business opportunities." Seacrest is reportedly interested in moving into the digital entertainment arena.
Google Ranks as Eighth Largest Lobbying Machine
Google plans to move its Washington office closer to Capitol Hill after spending $18.2 million on lobbying, enough to rank the company as the eighth-biggest advocacy spender. "Google has put itself in the position of being heard. Decision makers know what policies it prefers."
Twitter Set for Acquisition Spree After Going Public
Twitter is set to embark on an acquisition spree after its imminent initial public offering, going on the hunt for companies to help bolster its monetization efforts. The messaging platform "will be hungry with a big appetite and ready to go shopping starting mid-November."
YouTube Said to Overtake Facebook Among Teens
After months of speculation, Facebook last week acknowledged that there was some decrease in the number of "younger teens" using the social network on a daily basis. Now an annual survey of 4,000 young people provides more proof that teens may be looking elsewhere.
Facebook CEO's Sis Warns of Social Media Hazards
Randi Zuckerberg, sister of Mark Zuckerberg and Facebook's former marketing director, has written books for kids and adults about how to use technology. "Social media has changed the way we need to think about ourselves," said Zuckerberg, author of "Dot Complicated."
AOL's Ad Surge an Emerging Industry 'Megatrend'
A jump in advertising sales powered AOL's third quarter results past Wall Street's expectations, leading CEO Tim Armstrong to call the 6% revenue surge an emerging industry "megatrend." He said AOL was positioning itself amid the "disruption of technology in media."
Demand Media Names CEO for Domain Services
Demand Media has announced that it has a new brand name for its soon-to-be spun off domain services business, and it has appointed a CEO to run it. The new brand will be Rightside, and the CEO will be Taryn Naidu, current Demand Media EVP of Domain Services.
Digg Video Launches, Offers Top Clips of the Day
Digg has launched Digg Video, a new vertical featuring a mix of entertaining and informative clips updated throughout the day by the site's editors. "Videos perform significantly better than other stories on the Digg home page," said CEO Andrew McLaughlin.
Netflix Says Video Service Eyeing Film Projects
Netflix said it is evaluating potential film projects and suggested its programming budget would increase if the company expands into original movies. "We're keeping our minds wide open in terms of what these projects will look like," said content chief Ted Sarandos.
Forrester: Online Will Kill Digital Video Recorder
The days of the digital video recorder are numbered, according to Jim Nail, Forrester's principal analyst covering online TV and advertising. "As consumers get more and more into dabbling with online, I believe that, ultimately, online can kill off the DVR."
Study: Half of U.S. Adult Twitter Users Get News
About half of all U.S. adult Twitter users said they get news through the social media platform, mainly on mobile devices, according to a new survey by the Pew Research Center. Twitter users who consume news on the platform represent 8% of the U.S. adult population.
Twitter May Make $200 Million in 2015, Banks Say
Twitter's revenue will double and its profit will surge by 2015, one of the top banks underwriting the company's initial public offering is telling investors, a key forecast for anyone trying to decide whether to buy Twitter shares this week. Next year, revenue may increase to about $950 million.
Facebook Needed by All Teens, 16 Year-Old Says
William Davenport, a 16 year-old high-school student: "If you think teens aren't using Facebook anymore — that's simply not true. Teens in high school need Facebook. It's no longer a fad social network for us. It is definitely a needed tool for connecting that we all use."
Amazon: No Binge Viewing for Original Series
Amazon plans to release its first two original series, but not all at once. The online retailing giant said that the first three episodes of "Alpha House" will be available for free online and through its apps on Nov. 15. After that, Amazon will release one episode per week.
YouTube Awards Disappoint with 215,000 Views
New York Post
Google may own the world's biggest video website, but it couldn't muster a single cable TV rating point with its inaugural live YouTube Music Awards. The show attracted a mere 215,000 views at its peak, the kind of numbers reserved for a mediocre amateur cat video.
Google Launches 'Helpouts' Paid Video Chats
Would you pay $2 per minute to quickly speak with a cooking guru about your under-construction dinner? Helpouts — Google's new fusion of Google+ Hangouts, Google Wallet and its identity tools — are video chats that aim to offer "real help from real people in real time."
AOL Profits Take a Hit from Local News Site Patch
AOL can thank its takeover of Adap.tv and video advertising for an acceleration in revenue in the latest quarter, but the online media company barely eked out a profit because of Patch, the troubled local-news site. AOL still faces intense competition for ad dollars.
Say Media President Departs, Puts IPO on Hold
Kim Kelleher is said to be leaving her post as president of Say Media, as the company puts on hold its plans for an initial public offering. Three other execs are also exiting the blog network behind the ReadWrite and xoJane websites. Say aims to focus on a "profitability goal."
The Root African-American Website Relaunches
The Root, the website focusing on African-American news and commentary, has unveiled a major redesign, nearly five years after the Washington Post-owned property made its debut. "We manually built the database of African-American Twitterers."
Business Insider's Blodget Compared to Madoff
Henry Blodget griped about having to tip washroom attendants at New York restaurant Balthazar and managed to get their jobs eliminated. Balthazar owner Keith McNally shot back at the Business Insider CEO: "It's a bit like receiving a lesson in business ethics from Bernie Madoff."
Amazon Issues Statement Blasting Bezos Book
Shortly after the wife of Amazon founder Jeff Bezos trashed "The Everything Store," the new book about her husband's company, with a one-star online review, the web retailing giant issued a statement about the title. Author Brad Stone "chose not to" fact check, Amazon said.
Apple CEO Urges Passing Anti-Discrimination Act
Wall Street Journal
Tim Cook, in an op-ed for the Wall Street Journal: "So long as the law remains silent on the workplace rights of gay and lesbian Americans, we as a nation are effectively consenting to discrimination. Congress should seize the opportunity to strike a blow against such intolerance."
Google Chief Slams NSA Spying as 'Outrageous'
Wall Street Journal
Eric Schmidt has bristled at reports that the U.S. government allegedly spied on the company's data centers, describing such an act as "outrageous." "There clearly are cases where evil people exist, but you don't have to violate the privacy of every citizen of America to find them."
Yahoo Seeks TV Exec to Run New Content Push
Yahoo is said to be seeking a top TV exec to replace recently departed media chief Mickie Rosen, to underscore the company's commitment to video. A Yahoo recruiter is already approaching reporters to work on a new tech news website, which will be "the first of many" such sites.
YouTube Music Awards See Slide in Web Traffic
Los Angeles Times
While YouTube thrives on unscripted moments, Sunday night's "chaotic" YouTube Music Awards perhaps could have benefited from a script. By the time the inaugural awards show was almost an hour in, viewership had dropped from its peak of 215,000 to a median of 180,000.
Amazon Mines Its Data to Bet on TV's Next Hit
Wall Street Journal
Amazon has ventured into the unpredictable game of searching for TV hits. The company is betting it can improve on the traditional TV development process by collecting viewer feedback in unprecedented ways and using it to make less risky bets on which shows to produce.
Aereo Says Law Permits Its Online TV Service
Aereo, whose service relays network TV shows to online viewers, has asked a judge in a copyright lawsuit by ABC, CBS and other broadcasters to rule that its business is legal. "This case involves nothing more than the application of settled law to updated technology."
Netflix to Enter Oscar Race with Documentary
First Netflix crashed the Emmy party. Now the streaming service is poised to do same at the Oscars. Weeks after picking up its first statuette for original series "House of Cards," Netflix is set to join the awards hunt on the film front with its documentary acquisition, "The Square."
Machinima YouTube Giant Looks for New CEO
Machinima has begun to look for a new CEO, as the giant YouTube network catering to gamers seeks to close a big funding round. "I'm looking for a partner that can run the business day to day and get it to the next level," said Allen DeBevoise, co-founder and current CEO.
YouTube Founder Sued by Kanye, Kardashian
Kim Kardashian and Kanye West have sued YouTube co-founder Chad Hurley, claiming he violated a confidentiality agreement by posting a video of the couple's marriage proposal to his new video-sharing website. Hurley posted a fuzzy 2 1/2 minute video on his new site MixBit.
'Google Barge' Said to Offer High-End Showrooms
Google's mysterious floating barge on San Francisco Bay will feature luxury showrooms and a party deck for the tech giant to market Google Glass and other gadgets to invitation-only clients, according to multiple sources. The project is "personally directed" by Google boss Sergey Brin.
Twitter Public Offering Not Worth the Hype, Poll Says
Nearly half of active investors say Twitter would not be a good investment, according to a new Associated Press-CNBC poll. That sentiment is stronger from higher-income respondents. Some 56% of those with incomes of $75,000 a year have doubts about its prospects.
Groupon Redesigns Website on Fifth Anniversary
Groupon has revealed a redesigned website and updated mobile apps that reflect the company's ongoing efforts to transform into a comprehensive online marketplace. The makeover comes as Groupon faces consumer and merchant disenchantment in its once-novel concept.
Amazon Prime Offers New Kindle Books for Free
Amazon Prime subscribers can get a free Kindle book each month ahead of the title's official release date. Known as Kindle First, the new program offers a select number of titles that cost $1.99 for regular buyers but are free to Prime members. "Prime just keeps getting better."
Vevo Relaunches to Boost Music Video Discovery
Music video powerhouse Vevo has launched a major redesign. The online music video site has undergone a complete overhaul, designed to make it easier for users to browse and discover new content, while also streamlining the ability to search for the videos.
YouTube Awards to Showcase Live Music Videos
Spike Jonze plans to direct live music videos for artists including Lady Gaga and Arcade Fire at the YouTube Music Awards this weekend. "We're trying to take the music video format and produce it live," said Jonze. "The best YouTube videos are totally spontaneous."
Amazon Prime OKs Production on Drama Pilots
Amazon Studios plans to move forward on its first two hour-long drama pilots, "Bosch" and "The After." "Bosch" is based on Michael Connelly's best-selling Harry Bosch book series. "The After" is written and directed by Chris Carter, who is best known for "The X-Files."
TheStreet Investor Says Cramer Should Exit CNBC
New York Post
Private-equity firm Spear Point, an investor in TheStreet.com, has argued that co-founder Jim Cramer should quit as a host on CNBC. "His presence on CNBC is becoming directly competitive to TheStreet, as the company continues to build its own video business."
Netflix Strikes Another Pay-TV Deal in Europe
Netflix has entered its third European deal to offer its streaming video service via a pay-TV company's set-top boxes. The company has partnered with Denmark's Waoo!, which operates a fiber optic network. Its TV customers will be able to access Netflix on screen.
Google Veteran Brought In to Fix Health Website
An engineer from Google has been recruited to help fix HealthCare.gov, the new federal insurance exchange website. Software companies Red Hat and Oracle will also assist. "Most of us want to see our government operating efficiently, and it is incumbent upon us to help."
Twitter Remains Silent on Profit Ahead of IPO
Twitter has sought to drum up investor interest for its IPO by talking about mobile growth and advertising capacity. Notably absent from the list — profits. Some attendees of Twitter's roadshow meetings are questioning the value of the company as a long-term investment.
Google Unveils 'Cutting-Edge' Nexus 5 Phone
Google has unveiled its new Nexus 5 smartphone, as the Internet giant steps up competition with Apple's iPhone, especially in emerging markets. The device has a 5-inch display and is tightly integrated with Google search and the company's personal-assistant technology.
FAA Loosens Rules for E-Devices During Flights
Airlines have started racing to allow passengers to use portable electronic devices such as readers and games during takeoffs, landings and taxiing after the Federal Aviation Administration announced a major policy change. Voice calls remain banned during flight time.
Digital Media Use to Increase in Coming Years
Los Angeles Times
Americans are spending more time on their digital devices, and that won't change for years, according to a new study from USC. By 2015, data indicate that Americans will consume media for more than 1.7 trillion hours, an average of 15.5 hours per person per day.
Diller's Electus Renews Contract with Silverman
New York Post
Ben Silverman is staying in the Barry Diller camp after all. The former NBC entertainment chief has renewed his contract to continue as head of Electus, the TV and digital production studio backed by Diller's IAC, quashing rumors that he might take a reduced role.
Defy Media Aims to Become 'Viacom of the Web'
Crain's New York
Alloy Digital boss Matt Diamond's new project is a company called Defy Media, which aims to fill a gap in online programming for 12- to 34-year-olds — a sort of Viacom of the web. In online video, "we are light-years ahead of anyone else," said Diamond.
Chernin Group Buys Majority Stake in Crunchyroll
The Chernin Group is said to be buying a controlling interest in Crunchyroll, the web video site that specializes in selling subscriptions to Japanese animation. The deal with Peter Chernin's investor group is believed to value Crunchyroll at something less than $100 million.
Facebook Admits to Drop in Usage Among Teens
Facebook CFO David Ebersman, during the company's quarterly earnings call: "Our best analysis of youth engagement in the U.S. reveals that usage of Facebook among U.S. teens overall was stable. We did see a decrease in daily users specifically among younger teens."
Twitter Hit With Lawsuit Over Private Stock Sale
Twitter has been sued for $124 million by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it. "Twitter never intended to complete the offering."
Yahoo, Google Data Centers 'Infiltrated' by NSA
The National Security Agency has secretly broken into the main communications links that connect Yahoo and Google data centers around the world, according to documents obtained from former NSA contractor Edward Snowden and interviews with knowledgeable officials.
'Google Barge' Checked Out by U.S. Coast Guard
The Coast Guard has visited the mysterious "Google barge" floating in San Francisco Bay, but the agency would not reveal anything about the tech giant's hush-hush vessel. Google has refused to acknowledge any connection to the barge and three others like it.
Facebook Seeks to Track Your Cursor on Screen
Wall Street Journal
Facebook said it is testing technology that could greatly expand the scope of data that it collects about its users. The social network may start collecting data on user interactions with its content, such as how long a user's cursor hovers over a certain part of its site.
Intel May Turn Over Web TV Project to Verizon
Intel's efforts to break into the TV business may be coming to a close. The chipmaker is said to be close to a deal to hand over control of Intel Media, the unit that has been trying to build a web-based subscription TV service, to Verizon, which already operates a pay-TV service.
YouTube Musical Drama Due from Major Studios
YouTube will be the first-run platform for "Side Effects," a new musical drama co-produced by DreamWorks Animation's AwesomenessTV and NBCUniversal's Universal cable Productions. YouTube "will become a new launching pad for long-form TV-style content."
Aereo to Launch in Denver Amid New Lawsuits
Aereo plans to launch in the Denver metro area on Nov. 4, covering more than 3.4 million customers, as it continues to face new lawsuits. "The enthusiasm we’ve received from the community has been phenomenal." Additional launch dates in new cities are expected.
Google+ Rolls Out Features for Making Movies
Google has unveiled new technology that creates polished movies, complete with music soundtracks, from collections of home videos and photos that users post on its fledgling Google+ social network. The new features aim to help differentiate Google+ from Facebook.
Twitter Alters Feed to Add Images Ahead of IPO
New York Times
Twitter has added photo and video previews to its 140-character text feeds. In the past, Twitter users had to click on a link to see images. The change helps Twitter catch up to recent moves by rivals like Facebook to showcase photos and videos more prominently.
Yahoo CEO Buys Mortuary Property Near Home
Palo Alto Weekly
Yahoo CEO Marissa Mayer has become the new owner of the property that houses Roller & Hapgood & Tinney, the oldest funeral home in Palo Alto, Calif. The property, located a block east of Mayer's home, is expected to be used for residential purposes.
Barnes & Noble to Release New Nook E-Reader
Barnes & Noble plans to release a new Nook e-book reader for the holidays, while it evaluates the future of tablet computers. Nook tablets haven't sold well amid intense competition with Apple's iPad and others. The company said it isn't giving up on tablets.
Aereo: Appeals Court Rejects Request by Hearst
In another defeat for TV broadcasters, an appellate court in Boston has rejected Hearst's request to expedite its attempt to shut down Aereo. The court didn't give any reason for its decision. Boston ABC affiliate owner Hearst is suing Aereo for copyright infringement.
Spotify Streams Up 3,000% After Lou Reed Death
Los Angeles Times
Following the death of Lou Reed on Sunday, streams of songs by the rock icon and his band the Velvet Underground increased by more than 3,000%, according to Spotify. MP3 downloads of Reed's "Walk on the Wild Side" are also getting a significant spike.
Electronic Arts Parts with Tiger Woods on Game
Electronic Arts has announced that Tiger Woods will no longer be associated with its golf title. The maker of the "Tiger Woods PGA Tour" video game made a mutual decision with the golfer to end their 15-year partnership. "We wish him continued success."
Samsung, NBA in Deal for Courtside Tablets, TVs
Wall Street Journal
The National Basketball Association is said to have signed a $100 million deal with Samsung to bring the company's technology courtside at its games. Samsung will supply the monitors that referees use to review close calls when the NBA begins its new season this week.
Facebook, Twitter Updates by Obama Hijacked
President Obama's social media updates were temporarily hijacked after to an apparent exploit in the URL shortener his team used to promote Organizing for Action, a group that promotes Obamacare. Modified links sent visitors to a "Syria facing terrorism" video.
Google to Expand Sales of Its Connected Eyewear
Google plans to expand the sale of its Internet-connected glasses. The roughly 10,000 Google Glass owners who began testing the product earlier this year will each be allowed to invite up to three people to buy the device. New invitees will have to pay $1,500 apiece for Glass.
Yahoo Still Looking to Ignite Tumblr Ad Potential
Four months after its acquisition by Yahoo, Tumblr is said to be continuing to feel its way as many advertisers grapple with how and why they should tap into the hip publishing platform's 143 million network of blogs. The next push will be to help brands "amplify" their presence.
Facebook: Study Says Company Fails Marketers
Facebook was slammed in a Forrester Research report that claims the company "no longer supports social marketing" and has failed marketers hoping for a new marketing paradigm based on social networking. Facebook calls the study "illogical" and "irresponsible."
Twitter, Starbucks Offer Gifting Platform via Tweets
A new partnership launched by Twitter and Starbucks will enable gift certificates to be exchanged via tweets. Called the tweet-a-coffee program, the service will allow for spur-of-the-moment acts of generosity between friends. "It's certainly a novel marketing tool."
Study: More Internet Users Post Photos, Videos
More than half of U.S. adult Internet users post original photos or videos online that they themselves have created, while just under half take photos or videos that they have found online and repost them. The figures come from Pew Research Center's Internet Project.
Google Nears Launch of a 'Useful' Smartwatch
Wall Street Journal
Google's smartwatch is said to be in late-stage development and the Internet giant is in talks with Asian suppliers to begin mass production. The new device is expected to be integrated with Google Now, the company's intelligent personal assistant that can answer questions.
Apple CEO Sees Opportunities in New Products
Apple CEO Tim Cook said the company sees "significant opportunities ahead in both current product categories and new ones." These new products will be rolling out "across 2014." Top suspects include a smartwatch and the long-rumored Apple TV set.
Netflix to Offer CBS Serial-Killer Drama 'Dexter'
Netflix has reached an agreement with CBS to offer all eight seasons of "Dexter," a popular Showtime drama about a serial killer. The first four seasons of the program from CBS's premium pay-TV network will become available to Netflix U.S. customers on Oct. 31.
Netflix Says Theater Owners 'Might Kill Movies'
Netflix might begin releasing "big movies ourselves," said content chief Ted Sarandos, because theater owners are resistant to allow more films to bow day-and-date on the leading streaming service. "Theater owners stifle innovation at every turn. They might kill movies."
Hulu Names Disney Exec Chief Financial Officer
Newly appointed Hulu CEO Mike Hopkins has made his first senior hire. Elaine Paul, previously head of strategy and business development at Disney, has joined the Internet TV company as chief financial officer. Hulu's current CFO, Tom Fuelling, will leave the company.
Nielsen to Begin Measuring Mobile TV Viewing
Starting next fall, Nielsen will begin counting TV programs watched on mobile phones and tablets within its traditional ratings. The company responsible for measuring TV viewership said it will use codes embedded by networks within the programs to collect this information.
Survey: More Babies Exposed to Mobile Devices
Seven out of 10 children younger than 8 have used a mobile device, a figure that has doubled in two years, according to a report to be released by Common Sense Media. "This shows for the first time the development of a true digerati generation from cradle onward."
Twitter Likely to Name Woman Director After IPO
Twitter is said to be planning on waiting until after its IPO — which is set to take place next week — to name its first woman to its board. The company's execs, especially CEO Dick Costolo, "believe that a woman director with international expertise is important."
Amazon's Top Book Publishing Exec to Depart
Crain's New York
Amazon Publishing, which launched a general-interest book publishing operation two and a half years ago, is losing its top exec. Larry Kirshbaum will leave the company Jan. 17 and return to being a literary agent. Insiders say the New York operation has been in retreat.
Google Builds 'Secret Facility' on Barge in Bay
Google is said to be building a floating marketing center for Google Glass in the San Francisco bay. The barge, with a four-story stack of shipping containers, is out in the open for all to see. But its purpose has been kept under wraps, and no one wants to talk about it.
Twitter Posts Roadshow Video for Anticipated IPO
San Francisco Business
Twitter has posted a roadshow video for its anticipated $1.3 billion IPO. In the 37-minute production, CEO Dick Costolo calls Twitter the only public, real-time, conversational, global platform of its kind. "Twitter is the place to go to find out what's happening right now."
Medium Blogging Platform Opens Signups to All
Twitter co-founder Evan Williams has a new blogging platform called Medium, which has been a closed-signup affair since its introduction. The platform on Friday sent out an email with the news that anyone can now sign in and start writing. Medium "is clean and quick."
Pinterest, Getty Images Bring More Data to Pins
Pinterest has announced a new deal with Getty Images that will provide more detailed information on the photos users pin on the site. The deal comes just after Pinterest raised an additional $225 million in funding, bringing the company's valuation as high as $4 billion.
Google Signs Cross-Media Ad Deal with Publicis
Google has signed its biggest cross-media advertising deal with MediaVest, part of Publicis, highlighting the rapid shift of ad budgets to digital. MediaVest will spend tens of millions of dollars to buy ads on YouTube, as well as Google's web and mobile networks.
Apple Ripe for $150 Billion Buyback, Icahn Says
Carl Icahn said the timing is "ripe" for Apple to launch a significant stock buyback worth $150 billion. In a letter addressed to Apple CEO Tim Cook and published to his new website, Icahn said that he and his affiliates "consider Apple to be our most compelling investment."
Google in Talks to Back Warner Chief's Music Firm
New York Post
Former Warner Music boss Lyor Cohen is said to be talking to Google about backing his new music venture. Cohen, who has been building a talent management company and a music label, stepped down as CEO of Warner Music's recorded music division last September.
Aereo Fights Another Request to Shutter Service
An attempt by TV broadcasters to shut down Aereo in Utah should meet the same fate as two unsuccessful efforts in New York and Boston, the startup said in court papers. "The third time should not be a charm. The facts are the same; the result should be the same as well."
TiVo Enables Viewing of Recordings Outside Home
TiVo has begun enabling a feature that lets people watch recorded shows while they are away from home. The feature comes with higher-end models of TiVo's Roamio DVR. The ability to watch recorded shows remotely helps TiVo differentiate its machines from cable company DVRs.
YouTube Takes On News with Global News Head
YouTube's news channel aggregates video news from broadcasters, similar in style to Google News. Also, like Google News, the channel does not produce its own journalism. And, as of last week, the YouTube news channel has a new global head of news, Tom Sly.
Twitter Hires NBC News' Schiller as News Chief
Twitter's months-long search for its first head of news is over: NBC News chief digital officer Vivian Schiller has accepted the job. Schiller will serve as a liaison between the social network and news organizations, according to the job description Twitter posted in May.
Facebook: News Is Incidental to Site Experience
Just 22% of people who consume news on Facebook said they consider the social site to be a good place for learning about what's going on in the world, according to a new study. The other 78% said reading news is something to do after checking Facebook for another reason.
Instagram Shows Off Example of Forthcoming Ads
Instagram has released a sample of what an advertisement will look like on the site. The ad, which is made by Instagram, shows a photo with a small "sponsored" logo. Instagram will begin to run the native ad on the network itself to give U.S. users a feel for how it will look.
Amazon Thanks Prime Instant Video for Members
Amazon's Prime service garnered "millions" of new members in the latest quarter, and a top exec at the company said Prime Instant Video helped usher them in. "We think it's certainly helping the Prime numbers, the Prime membership increases that you're seeing."
AOL Taps BermanBraun for Reboot of Moviefone
AOL said it has partnered with Hollywood's BermanBraun to "reimagine" Moviefone, the movie and ticket information site it acquired in 1999. The effort will include a new design and user experience, including mobile apps and a bulking up of social and content features.
Twitter IPO Seen as Priced Far Below Fair Valuation
Twitter's stock valuation appears to be an attempt to avoid a repeat of Facebook's troubled initial public offering. The micro-blogging company's plan to go public at a price of $17 to $20 a share is "actually far below a fair valuation." The range is "a very attractive price."
Pinterest Valued at Twice as Much as New York Times
Pinterest just raised $225 million at a valuation of $3.8 billion — making the 3-year-old social scrapbooking site worth 15 times as much as the Washington Post and twice as much as the New York Times. Some 20% of U.S. Internet-using women are said to be on Pinterest.
Apple: Icahn Launches Website to Push for Changes
Billionaire activist investor Carl Icahn has launched a website to push for changes at Apple. "Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders' Square Table, which will be launched tomorrow," Icahn wrote on Twitter.
YouTube Plans Launch of Subscription Music Service
Los Angeles Times
YouTube is poised to launch a subscription music service as soon as December, positioning it to compete with Spotify and Rdio. YouTube has already surpassed radio as the leading way young people listen to songs. A subscription service would seek to build YouTube's strength.
Twitter's Boys' Club Board to Receive Fat Payday
Twitter's outside directors will be eligible for a cash-and-stock compensation package valued at $16 million at a minimum, according to an amended registration statement filed this week. Board directors include Peter Fenton, David Rosenblatt and Peter Chernin.
Facebook No Longer Most Popular Among Teens
Twitter has overtaken Facebook as the social media network that is most important to teens, according to Piper Jaffray's semi-annual teen market research report. Twitter is the new king of teens, with 26% naming it as their "most important" social site.
Google Tests Large Banner Ads in Search Results
Search Engine Land
Google has confirmed that it is testing large banner ads for specific branded queries. A Google spokesperson describes the effort as a "small experiment" running currently in the U.S. market. Back in 2005, Google promised that banner ads would never come to web search.
Yahoo Eyes Potential Candidates for Big Media Job
Who gets Yahoo's big media job? The Internet company is said to be looking for a big name from TV world to help shepherd potential content deals like the one in the works for Katie Couric. A list of potential candidates has emerged, including several surprising names.
Hulu Bringing Free Video Clips to Mobile Devices
Days after naming Mike Hopkins as its new CEO, Hulu has launched free video content for mobile users. But don't get too excited – it's just clips, not full-length episodes. And they're only available for now in the mobile browser, not within the Hulu Plus mobile application.
LinkedIn Expects Half of Users on Mobile in 2014
LinkedIn said it expects half its users to access the service from mobile devices next year, up from 38% today. To increase the mobile-user base, the company has updated the design of its apps and added a feature that integrates LinkedIn with Apple's mobile email program.
Groupon CEO: Our Deals Are Designed for Mobile
Groupon CEO Eric Lefkofsky said the company's mobile concentration is continuing to grow. "In terms of large e-commerce companies, we're probably the most in terms of penetration in mobile or number of transactions in mobile." Groupon is "designed for mobile."
Report: Mobile Is the 'First Screen' for Half of 18-34s
Mobile is considered the first and most important screen by nearly half of the 18- to 34-year-old demographic, according to research commissioned by Weve. The finding placed mobile ahead of laptops or PCs and way ahead of television as the "first screen."
Pinterest Plans Global Export After New Funding
Pinterest is taking its next major step into bringing the interest graph towards the rest of the world. With its just-revealed $225 million round of funding, the social media company has set its sights on launching in 10 more countries before the end of 2013.
Huffington Post Lays Off Journos in Restructuring
The Huffington Post has laid off three of its TV section reporters as part of a restructuring of the website's entertainment coverage. More layoffs are said to be expected to hit the New York offices. However, a HuffPost exec insists that the cuts were not part of a downsizing.
YouTube Expands Paid Channels Pilot to Partners
YouTube has expanded its paid channels pilot to all eligible partners that have at least 10,000 subscribers. Furthermore, YouTube viewers can now discover and subscribe to paid channels from YouTube's mobile website. All paid channels continue to have a 14-day free trial.
Amazon Expands Streaming TV, Film Deal with MGM
Amazon has expanded its relationship with MGM. The partnership will see MGM TV's "Vikings," which was popular on the History Channel this year, come to Amazon's Prime Instant Video service. Also, films including "Fargo" and "Platoon" will be coming to the service.
Netflix: Carl Icahn Halves Stake Making 457% Return
Carl Icahn has pared his stake in Netflix by over 50%, citing a 457% investment gain since his investment firm became the company's largest shareholder about a year ago. The move comes just a day after Netflix reported better-than-expected third quarter earnings.
Twitter Secures $1 Billion Credit Line Ahead of IPO
Twitter has obtained a $1 billion line of credit from some of the banks underwriting its IPO, the company revealed in an amended regulatory filing. The unsecured line will allow Twitter to borrow up to $1 billion to cover unforeseen expenses if its IPO is delayed.
Facebook's Zuckerberg Ranks as Highest-Paid CEO
San Francisco Business
Facebook CEO Mark Zuckerberg was the highest paid CEO of a North American public company last year, with total compensation of $2.28 billion — almost all of it coming from share options exercised when the social network went public, according to GMI Ratings.
Apple Unveils Thin, Ultra-Powerful iPad Air Tablet
Apple unveiled the $499 iPad Air tablet computer at its event in San Francisco. The device looks and feels like a larger iPad mini, with cleaner bezels, a much thinner profile and sharper, boxier edges. The iPad Air "feels like you're holding a big screen full of the Internet."
Microsoft Readies Eyewear to Rival Google Glass
Wall Street Journal
Microsoft may have missed the first boat on smartphones, but it refuses to be left behind in the race to launch wearable devices. The company is said to be testing Internet-connected eyewear similar to Google's Glass, underscoring its ambitions to go head-to-head with Google.
Netflix Investors Binge as Web Service Bests HBO
"Orange is the New Black" may have helped make Netflix the new HBO with investors. Netflix has reported a U.S. paid subscriber leap that puts the streaming service squarely ahead of Time Warner's HBO. Binge viewing has turned Netflix into a hits maker for a new generation.
Amazon Bets on 'Betas' to Attract Internet Viewers
Amazon, which is spending as much as $50 million on new shows such as "Betas," has joined Netflix and Hulu in delivering original programming directly to viewers that serve as an alternative to cable and network TV. The shift to the web by younger viewers spells trouble for pay TV.
Twitter, BSkyB to Share Soccer Video Highlights
British Sky Broadcasting has teamed up with Twitter to share video highlights from UEFA Champions League soccer games in real time, a big step forward for the microblogging service's TV strategy ahead of its IPO. Sky will pay Twitter an undisclosed sum to promote its tweets.
Yahoo Near Deal with Couric as Strategy Emerges
Yahoo CEO Marissa Mayer has been working to strike a series of showy media deals with a list of well-known names. The list includes TV news star Katie Couric. Sources said that Couric is close to completing a deal to put a web interview show on Yahoo's home page.
YouTube Unveils Nominations for Music Awards
YouTube has announced the nominations for its first Music Awards, to be directed by Spike Jonze and webcast live on Nov. 3 from New York City's Pier 36. The awards show, hosted by Jason Schwartzman, will include performances by Eminem, Lady Gaga and Arcade Fire.
Apple Preparing 65-Inch TV for Release in 2014
Apple will probably start selling ultra-high definition televisions with 65- and 55-inch screens during the fourth quarter of next year, according to a Tokyo-based analyst at Advanced Research. The models likely will have a frameless design, the analyst said.
Facebook CEO, Powerful Pals Donate to Eldridge
Capital New York
Mark Zuckerberg, David Geffen and Jann Wenner are among the famous donors who have contributed to Sean Eldridge's congressional campaign in the latest quarterly filing period. Eldridge, who is married to Facebook co-founder Chris Hughes, reported raising just over $500,000.
Hulu Former Ad Chief Joins Kilar's Stealth Startup
Hulu former SVP of advertising Jean-Paul "JP" Colaco has accepted a position at the Fremont Project, the new stealth startup headed up by Hulu founding CEO Jason Kilar and ex-Hulu CTO Richard Tom. Colaco's departure from Hulu was announced earlier this month.
Apple iPad Faces Rivals as Tablet Wars Kick Off
New York Post
Apple is set to unveil refreshed iPads on Tuesday, ramping up the competition ahead of the crucial holiday season. While Apple still boasts the bestselling device, a slew of rivals have either released, or are about to release, new devices in the run up to Christmas.
Facebook Woos News Providers with New Feature
Facebook is testing a feature to simplify how media companies find content to post on its service. The new tool suggests stories from media sites such as Time.com that could be posted on the social network after the articles show high engagement with users.
Google to Shield News Outlets from Cyberattacks
Google will begin to shield news organizations from cyberattacks as part of a new package of services designed to support "free expression" online. The company has also unveiled a new technology that allows citizens under some regimes to bypass government censorship on the web.
AOL Investors Pleased Over Pare Down of Patch
AOL investors have embraced the decision pull back on Patch, the Internet company's money-losing, locally-focused news operation. A company-wide memo announced that Patch would only retain staff covering the "very best towns with the highest traffic and revenue."
BuzzFeed Hires Pulitzer Winner for Investigative Unit
New York Times
BuzzFeed is again expanding its reporting staff, this time to introduce an investigative unit. A new team of about half a dozen reporters will be led by Mark Schoofs, a former journalist for the Village Voice who won the 2000 Pulitzer Prize for international reporting.
Wikipedia Shuts Down 250 Accounts Over Paid Edits
More than 250 Wikipedia accounts have been blocked or banned as editors investigate accusations of people being paid to edit pages. "Our goal is to provide neutral, reliable information," said the Wikimedia Foundation. "Anything that threatens that is a serious problem."
Google Exceeds Combined Worth of Media Giants
Google's stock rose 14% on Friday to $1,011.41, the highest it has been in the nine-year history of the Internet giant. Google's market cap on Friday was $336.82 billion — more than the combined market caps of Disney, Time Warner, Viacom, CBS and Sony.
Netflix Poised to Pass HBO in U.S. Paid Subscribers
Netflix is poised to pass HBO in paid U.S. subscribers, showing CEO Reed Hastings is making progress in transforming the streaming service into a web-based TV network. "Consumers are probably going to come to see Netflix as more valuable than other networks."
Hulu May Join Netflix in Rush for Cable-TV Partners
Hulu is said to be exploring ways to boost the reach of the TV-streaming service and make its subscription model more durable. One possible way to do that would be to make itself a generic solution for cable operators that want to move their signals online, analysts say.
Aereo to Motor Into Detroit Amid Legal Skirmishes
Aereo is on its way to another major metropolitan area. The Barry Diller-backed upstart TV service is heading to Detroit next Monday. The offering will be available across nine counties around the Motor City. Aereo has ambitious plans to land in 22 cities this year.
YouTube Channel SBTV Attracts Private Equity
Jamal Edwards's popular YouTube video channel SBTV is bringing on board its first private equity backer. Edwards, who started SBTV seven years ago at the age of just 16, has struck a deal with technology and music investment specialists Miroma Ventures.
Google's DoubleClick to Sell Ads on Facebook
Google has announced that its DoubleClick unit will soon let its advertising clients buy ads on Facebook. This means that starting in a few months, clients will be able to buy inventory on Facebook Exchange, the social network's retargeted ads platform, via DoubleClick.
Twitter Quitters Dog Online Messaging Site's IPO
Twitter's user attrition rate highlights a challenge that has dogged the online messaging site over the years. Convincing ordinary people to think of Twitter as an indispensable part of their lives will be key to the company's ability to attract advertisers and generate a profit.
EBay Founder: Few Read Serious News Online
New York Times
Pierre Omidyar is in the news after it was revealed that he plans to spend $250 million to support a new online news site. But can serious journalism pay? "Probably not," the eBay founder admitted. "The audience for the most important stories can be depressingly small."
BuzzFeed Opens L.A. Office for Push Into Video
Los Angeles Times
BuzzFeed has converted a former beauty supply store in Los Angeles into a bureau largely devoted to producing viral videos. The popular website has also leased a smaller production facility in Hollywood. "Video was a huge missing piece," said CEO Jonah Peretti.
Vox Media Publications Grow with Focus on Video
Vox Media's online publications — SB Nation, TheVerge and Polygon — have amassed the kind of traffic and youthful demos that are sought by advertisers. Chasing the rise in video ad spending, Vox is ramping up its video team, doubling it to 32 in the past year.
Perez Hilton Eyes Makeover Amid Move to New York
Perez Hilton's vicious celebrity gossip blog has gleefully channeled America's fascination and contempt for the famous. Now the semi-reformed blogger, having had a son and moved to New York City, is attempting a makeover. "I want to be smarter," he said.
Report: One in Three Americans Owns a Tablet
One in three Americans now owns a tablet, or 35% of the population aged 16 and older. At the same time, one in four U.S. citizens at least 16-years-old now owns an e-reader. Mixing up these two device types, 43% of adults in the country have a tablet or an e-book reader.
Aereo Loses Bid to Depose CBS Chief Moonves
Less than a week after broadcasters petitioned the Supreme Court over Aereo, a federal judge has denied the company's attempt at winning permission to depose Les Moonves. The CBS boss is said to have made comments "that contradict sworn CBS testimony."
Hulu Names CEO for Video Service's Next Chapter
Hulu has named Fox Networks veteran Mike Hopkins as the video-streaming service's new CEO. He replaces Andy Forssell, who has served as acting CEO since March, when Jason Kilar stepped down. Hopkins is said to have a "great vision for Hulu's next chapter."
AOL Dethrones Google in Ranking of Video Ads
YouTube is still the king of Internet video, but AOL's takeover of Adap.tv last month is making it the richest in that kingdom. According to comScore's web video rankings for September, AOL topped Google as the property with the most video ads watched last month.
YouTube: 40 Percent of Traffic from Mobile Devices
It's hard to get people to concentrate long on anything on their phones and tablets, yet YouTube seems to be the exception. The video service is quickly going mobile, with small screens making up 40% of its traffic now compared to 25% last year, owner Google said.
Google Shares Hit New High After Earnings Beat
Google hit a new high of $948 a share in after-hours trading Thursday after the Internet giant's earnings blew past expectations as its advertising business expanded. "They were able to grow their revenue pretty substantially, particularly in their own websites."
Facebook Stock Hits New High on Instagram App
Investors are giving Facebook shares a "like" of late. The social networking giant's shares closed Thursday at $52.21, a new all-time high. The movement came after analysts estimated that Facebook's Instagram could haul in $340 million in advertising revenue by 2014.
YouTube to Livestream 'Breaking Bad' Farewell Event
YouTube will help people across the country say farewell to "Breaking Bad" by live streaming Albuquerque's Walter White funeral. YouTube has partnered with Vernon's Steakhouse, which is hosting the post-funeral reception, and has donated services free of charge.
Netflix to Test Extra Features from Original Shows
Netflix plans to bring DVD-style extras to its original programming. If testing with the company's original shows goes well, the online video outfit may go back and offer "supplemental content" for more of its catalog. Netflix has a growing stock of popular original programming.
Twitter Hires Google Advertising Exec Ahead of IPO
Twitter has hired a Google advertising exec to be head of retail, as the company works to expand its business ahead of its IPO. J.J. Hirschle, who directed media and entertainment ads at Google, will be responsible for the team selling advertising products to retail.
Facebook Relaxes Rules to Keep Grip on Teenagers
Facebook has begun allowing teenagers to share their posts on the social network with anyone on the Internet. The move may spur teens to spend more time on Facebook instead of other services, such as Snapchat, that are becoming more popular hangouts among younger people.
Yahoo 'Not Worth Much' Without Stake in Alibaba
Yahoo is said to be both a consumer Internet company struggling to eke out a living from advertising and a large stockholder in Alibaba, the Chinese e-commerce darling that is twice as profitable as Facebook. "The latter part of the business is clearly pulling the former along."
Google Media Tools Site Aims to Help Journalists
Search Engine Journal
Google has announced the launch of Google Media Tools, a website designed to help journalists find all the available Google tools they can use for research, organizing stories and getting found online. Journalists should "consider this your starting point," Google said.
AOL Patch to Staff Outlets in Leading Markets Only
AOL's Patch hyperlocal news service will fully staff outlets in 14 designated market areas "with the highest traffic and revenue" only, according to a memo from new CEO Bud Rosenthal. Those markets include Los Angeles, Washington, D.C., New York and Detroit.
Cuban Cleared of Mamma Insider Trading Allegations
Mark Cuban has been acquitted by a federal jury in Dallas of charges that he committed insider trading. Prosecutors had accused Cuban of avoiding more than $750,000 in losses by illegally selling 600,000 shares of Canadian search engine company Mamma.com in 2004.
Yahoo: Another Sales Drop as Ad Clicks Yield Less
Yahoo has reported a 5% drop in revenue for the third quarter, with the money it makes from display and search ads both continuing to decline. "I'm very pleased with our execution, especially as we've continued to strengthen our core business," said CEO Marissa Mayer.
Twitter Reports Biggest Quarterly Loss Ahead of IPO
Wall Street Journal
Twitter has filed its third-quarter results, revealing a $64.6 million loss — the company's biggest quarterly loss yet. The loss comes as Twitter's revenue continues to soar to $168.6 million. "Not having a profit isn't exactly a black mark for IPOs these days."
Apple Expected to Unveil New iPads Next Tuesday
Apple has issued invitations for a media event next Tuesday, where the company is expected to introduce its next-generation iPad and iPad mini models. Apple will host the event at the Yerba Buena Center in San Francisco. "We still have a lot to cover," the invitation said.
Amazon Plans Entry Into Smartphone Market in 2014
Amazon is said to be working with HTC to develop a range of smartphones, as the e-commerce company steps up efforts to compete with Apple and Google. The device is unlikely to launch this year but may launch in 2014 if Amazon decides to proceed with the project.
AOL Internal Memo Details Haul for Huffington Post
Lawyers for two men suing Arianna Huffington for allegedly denying them credit and cash for their role in the founding of the Huffington Post have made public an internal document detailing exactly what Huffington pocketed following the site's purchase by AOL.
Vox Media Web Publisher Wins $40 Million in Funding
Vox Media, the fast-growing publisher of content websites like The Verge and SB Nation, has disclosed in a regulatory filing that it secured $34 million of a new $40 million funding round, led by Accel Growth Fund. Vox Media is known for pursuing a "premium" audience.
BuzzFeed Founder Sees Profits in News, Cute Kittens
Jonah Peretti: "Despite a growing hole left by the decline of print media, the public still wants news, entertainment and great storytelling. We think there is a strong business case for our ongoing investment in news. And we've become profitable while making these investments."
Netflix Gets TiVo Assist in Effort to Join Cable TV
Netflix, pressing cable operators to grant equal footing to its web-based films and TV shows on pay-TV systems, is getting an assist from TiVo. The set-top box maker is introducing advanced technology that integrates cable-TV programming with online services like Netflix.
YouTube Partner 'Not Happy’ with Channel Results
Alchemy Networks CEO Peter Griffith was among the first to bet YouTube viewers would pay to access certain channels. "Most of us are not happy with the numbers we've seen," he said. YouTube subscriptions are "a long way off from being a viable business model."
Yahoo's Mayer to Take Questions from the Public
Yahoo said it will allow the public to ask top execs, including CEO Marissa Mayer, questions about the company during its third-quarter earnings report. Yahoo will report results after Tuesday's closing bell. Questions submitted via Twitter or email "will be considered."
Apple: New Book Takes a 'Bite' Out of Steve Jobs
New York Post
In "The Bite in the Apple: A Memoir of My Life with Steve Jobs," a new book on sale Oct. 29, former girlfriend Chrisann Brennan describes her "frustrating and passionate years" with the tech titan. Brennan and Jobs broke up after she became pregnant in 1977.
Twitter Aims to Sell Ads on Other Websites, Apps
Twitter plans to mine data about its users to help sell advertising on other mobile apps or websites. The company announced the acquisition of mobile ad exchange MoPub last month. Once the deal closes, it plans to use data about what users tweet about to target ads.
Foursquare Debuts Ad Platform for Small Business
Foursquare has launched a self-service advertising product for independent merchants who want to its 40 million users when they happen to be in the neighborhood. "This is the first at-scale global platform that lets small businesses buy on a hyperlocal level."
Facebook Acquires Israeli Mobile Startup Onavo
Facebook has agreed to acquire Onavo, in a bid to bulk up its intelligence around mobile data. The Tel Aviv-based Onavo is focused on measuring mobile engagement data and offering utility apps. The startup's tools are aimed to help developers design better mobile services.
Google Preps 'Meter' App for Tracking Mobile Usage
Google is said to be readying "Mobile Meter" apps that compensate users if they allow their mobile behavior to be monitored. The project utilizes iOS and Android apps that intelligently monitor app usage and web browsing habits and send the data back to Google.
Amazon Sets Up Shop Inside P&G, Other Suppliers
Wall Street Journal
Amazon is said to be quietly setting up shop inside the warehouses of P&G and a number of other important suppliers, as the e-commerce giant works to open up the next big frontier for Internet sales — everyday products like toilet paper, diapers and shampoo.
Apple Hires Burberry Chief as New Head of Retail
Apple has hired Burberry CEO Angela Ahrendts to head its retail efforts, filling a position that has been vacant for nearly a year. Ahrendts will join Apple in the spring in what the company describes as a newly-created executive level position reporting to CEO Tim Cook.
Twitter Allows Marketers to Schedule Their Tweets
Twitter has added a feature to let marketers schedule their posts, as the company moves to make it easier for advertisers to use its products. The new tool works for both regular 140-character tweets and ones that brands pay for to promote their message to a larger audience.
Demand Media CEO to Exit Amid 'Strategic Drift'
Demand Media chairman and CEO Richard Rosenblatt plans to depart the online content company he co-founded. The company's board said it will search for a permanent CEO shortly. "The change is not entirely surprising given the pressure from Google's (algorithm) changes."
Twitter Woos TV Stars to 'World's Biggest Couch'
Fred Graver, Twitter's head of TV, has been wooing TV-show actors to the microblogging service to post behind-the-scenes photos from the set, live-tweet episodes and converse with fans. The goal is to make sure that the people who enjoy TV take to Twitter to enjoy it even more.
Amazon Courts YouTube Networks for Short Videos
Amazon is said to have pitched YouTube networks on distributing their short-form videos through its a-la-carte Instant Video service. Producers would receive branded pages on Amazon that would promote their videos, similar to a show page on Hulu or a channel on YouTube.
YouTube's Miley Cyrus Channel Is Most-Watched
Miley Cyrus's twerking, wrecking ball-swinging antics have made her a controversial figure in recent months. Unsurprisingly, they're proving hugely successful on YouTube. Cyrus's was the most-watched YouTube channel in the world in September, with 270.1 million views.
Yahoo CEO Making a Big Gamble on Native Ads
Yahoo's move to embrace the "stream ad" format is seen as CEO Marissa Mayer's big gamble on turning around what has become a very dicey situation for the Internet company's ever-declining advertising business. "This is her big play on the ad side."
Apple Offers Sneak Peek at New Headquarters
Apple's proposed new spaceship-shaped headquarters is set to go before the Cupertino, Calif., city council for a vote. The Norman Foster-designed effort promises to be a world-class real-estate project. "We have treated this just as we would any Apple product."
Twitter's Dorsey: 'The Genius Behind the Idea'
Jack Dorsey is a "two-hit wonder," as the creator of both Twitter and Square, according to a lengthy profile in The New Yorker magazine. "In 2007, Twitter co-founder Evan Williams had named Dorsey the company's first CEO, calling him 'the genius behind the Twitter idea.' "
Facebook Comments 'More Civil' Than WaPo's
Facebook users are about twice as civil as the anonymous trolling netizens that comb the Washington Post's comment section, according to a study at London's University of Kent. On the newspaper's website, users are "able to maintain their anonymity" in their online posts.
Hulu to Name Fox Exec CEO of Streaming Service
Hulu is said to be close to naming Fox exec Mike Hopkins as the new CEO of the streaming service controlled by Disney and 21st Century Fox. Hopkins, president of distribution for Fox Networks, would succeed Andy Forssell, acting CEO of the Internet service.
Report: Twitter Bests Facebook in Real-Time TV
Twitter remains more attractive to advertisers and marketers than Facebook when it comes real-time TV, according to a report by eMarketer. But Facebook is so massive it would be wrong to count it out. Facebook "has several advantages that make it attractive."
YouTube Network DanceOn Gets AMC Investment
AMC Networks and Plus Capital have led a $4 million investment round in DanceOn, a YouTube multichannel network centered on dance entertainment. AMC's stake in DanceOn continues the trend of traditional media players putting more dollars into Internet video.
AOL Slashes Staff of Cambio Entertainment News Site
AOL has laid off the entire staff of its entertainment news site Cambio except for its editorial team. "We have made structural changes to bring Cambio's costs in line with revenue," said a spokesman. AOL partnered with the Jonas Brothers in 2010 to launch the site.
Facebook Fake Paula Deen Page Dupes Thousands
Savannah Morning News
Someone posing on Facebook as celebrity cook Paula Deen has duped more than 2,600 people into "liking" them. Upon first glance, the page looks legitimate — the profile is named Paula Deen and her photo is front and center. But the only "like" on the page is for BET.
Amazon Bezos Bio Due by Businessweek Journo
Puget Sound Business
When Amazon CEO Jeff Bezos sends one-character e-mails to his employees, those missives are treated like ticking time bombs. So claims a new biography, "The Everything Store: Jeff Bezos and the Age of Amazon," by Bloomberg Businessweek's Brad Stone.
Google Sets Plan to Sell Endorsements by Users
New York Times
Google, following in Facebook's footsteps, wants to sell user endorsements to marketers to help them hawk their wares. Google has updated its terms of service, allowing the company to include adult user names, photos and comments in ads shown across the web.
Facebook No Longer Lets Users Hide from Search
Facebook has announced the final phase of removing an old privacy feature, which allowed users to be hidden from search. "People told us that they found it confusing when they tried looking for someone who they knew personally and couldn't find them in search results."
BlackBerry Co-Founders Want to Buy the Company
BlackBerry co-founders Mike Lazaridis and Douglas Fregin are considering a joint bid to buy the company. The pair didn't provide financial details, including what they are willing to pay. Several tech giants are said to be potential buyers of all or part of BlackBerry.
Amazon Acquires Online Tutoring Service TenMarks
Amazon has acquired TenMarks, an online tutoring service offering math instructions, including video lessons, for K-12 students. "TenMarks's programs have been used by tens of thousands of schools, and Amazon engages with millions of students through Kindle."
Google Shifts Billions to Bermuda for Tax Savings
Google funneled $12 billion of royalty payments to Bermuda last year, a quarter more than in 2011, underlining the expansion of a strategy that has saved the U.S. Internet giant billions of dollars in tax. Google is at the center of a controversy over corporate tax avoidance.
Pinterest Unveils 'Promoted Pins' Ads, Mobile Deal
Advertising has arrived on Pinterest. After announcing its intention to do so last month, the social network has unveiled its new "Promoted Pin" ads. Pinterest has also announced a deal to place a special widget on Android phones sold through Spanish mobile giant Telefonica.
Twitter to Name NBC's Schiller as Head of News
NBC News digital chief Vivian Schiller is expected to be named Twitter's head of news. The deal is "all but done." Twitter has been searching for someone familiar with the media landscape to act as a liaison between news agencies and the microblogging service.
Yahoo Newspaper Ad Consortium Aims to Reboot
An early effort to boost digital newspaper advertising by cross-selling local ads with Yahoo will attempt a relaunch. The goal remains to use the local sales force of 700 dailies to sell retail ads to an audience including those who visit aggregators like Yahoo.
Police: Tablet, Phone Users 'Oblivious to Danger'
The suspect in a fatal shooting on a San Francisco train went unnoticed for several minutes because his fellow passengers were focused on their tablets and smart phones, according to police. The suspect had "pulled out his gun three or four times" ahead of the shooting.
Twitter Accidentally Reveals IPO Date — Nov 15
Twitter has accidentally revealed its IPO date in revisions to its S-1 filing, according to data analysts at PrivCo. It looks like Nov. 15 will be the big day. The information was revealed as Twitter mentioned the dates when non-exec employees will be able to sell their stock.
Facebook Tried to Hire Twitter Founder Dorsey
In an excerpt from his new book, "Hatching Twitter," Nick Bilton reveals that Mark Zuckerberg came close to bringing Jack Dorsey aboard at Facebook just as the Twitter co-founder was about to be fired. "Facebook had been secretly mulling over trying to buy Twitter."
Yahoo CEO Mayer Regards Failure as 'Totally OK'
"It's totally OK to fail," said Yahoo CEO Marissa Mayer, in a new book about disruptive leaders. "If what you've tried is working, throw more fuel on the fire. If not, pull back. ... I see everything as an experiment. If something goes wrong, know how to learn from it."
AOL Signs Video Syndication Deal with ESPN
AOL has signed a syndication agreement with ESPN in a bid for a bigger foothold in video advertising. ESPN will grant AOL syndication rights and join the digital publisher's online video network that already includes 1,700 other publishers including Sports Illustrated.
Twitter Said to Test Breaking News Notifications
Twitter appears to be exploring breaking news notifications, if a new experimental account is any indication. An account called @eventparrot has garnered around 1,500 followers and promises to deliver "direct messages that help you keep up with what's happening."
AOL Patch Reporter Faces Fines, Jail Sentence
Joseph Hosey, a reporter for AOL's Patch.com in Illinois, has balked at an order to reveal the identity of a confidential source. As a result, a county judge found the journalist guilty of "minor direct criminal contempt." Hosey faces fines and a three-month jail sentence.
Comcast, Twitter in Deal to Stream NBC Shows
Comcast has struck a deal with Twitter to bring some NBCUniversal programs to TV subscribers via tweets. TV subscribers will need to log in to their pay-TV accounts in order to access the shows. The new feature, dubbed See It, is scheduled to launch in November.
Facebook Touts TV Potential Amid Twitter Buzz
The growing popularity of viewers tweeting while watching TV has turned Twitter into a major force in what is now known as social TV. But Facebook is also trying to highlight its own social TV strengths. Partnerships VP Dan Rose gave an address at this week's Mipcom.
Amazon: We Develop Content for 'The New TV'
Roy Price, director of Amazon Studios, shared the company's approach to developing content for "the new TV," a process driven by customers and creators, in a keynote at Mipcom. "In TV, we see a move from top-down, hierarchical processes to a creative bottom-down world."
Google Adds Air Dates of TV Shows to Search
Google has added the air dates of TV shows to its search engine. "Now when searching for your favorite TV shows, you can get more information about specific episodes. Try searching for 'the walking dead tv show' and you'll see all episodes listed along with their air dates."
Yahoo Upgrades Mail as Mayer Targets Google
Yahoo has unveiled new features to its mail website and mobile applications as CEO Marissa Mayer steps up competition with Google. The revamped site lets users customize their Yahoo mail inboxes with background colors and images from Flickr.
Amazon 'Login and Pay' Goes for PayPal Jugular
Amazon has stepped up competition with eBay's PayPal by launching a new service that lets its 215 million customers purchase more easily online. "Login and Pay" lets shoppers pay for products on participating websites using existing Amazon account credentials.
Apple to Unveil New iPad Edition in Two Weeks
Apple has a couple more new products to announce before the year is out, and it plans to unveil them in a few weeks' time. The company is said to be holding its next invitation-only event on Oct. 22. The focal point will be the latest updates to the company’s iPad line.
Twitter, TV Networks to Help Each Other Survive
Twitter, on the eve of its fervently-hyped IPO, has a plan for nabbing the advertising dollars it needs to thrive: helping TV networks survive the digital media revolution. "Broadcasters have come to understand that Twitter is a force multiplier," said CEO Dick Costolo.
Tweeting About Twerking Seen as Lifeline for TV
"Twitter and Facebook — it's where our audience lives," said Viacom CEO Philippe Dauman, citing the torrent of social media activity surrounding MTV's recent awards show that featured a bawdy Miley Cyrus. "People were tweeting about Miley, going, 'I gotta see this.' "
Twitter-Facebook Rivalry in Focus as IPO Looms
Twitter may not be as big as Facebook, but the microblogging service's faster-paced, real-time conversations could pose a threat to the social networking giant, according to analysts. Twitter's "real-time engagement" presents a "new paradigm" to advertisers.
Aereo's Battle with TV Broadcasters Moves to Utah
Los Angeles Times
Fox, Sinclair and Local TV have filed a suit in federal court in Utah against Aereo, the start-up company that streams broadcast-TV signals to consumers via the Internet. Aereo, which recently launched in Utah, has already been challenged in New York and Boston.
Alloy, Break Internet Video Companies to Merge
New York Times
Alloy Digital and Break Media are expected to announce that they will merge, in another sign that the world of digital video may be entering an era of consolidation. The combined company will be named Defy Media and focus on entertaining people ages 12 to 34.
AOL to Debut Web Series on Hollywood Startups
AOL this week will debut "Acting Disruptive," an original online series taking a look at new-media ventures of actors-cum-entrepreneurs and others including Jessica Alba, Rainn Wilson, Olivia Wilde, Moby and Jared Leto. Entrepreneurs "are the new rock stars."
Twitter's Valuation Seen Exceeding $20 Billion
Twitter's user growth is slowing and it shows no sign of turning a profit. But some fund managers say that won't stop the microblogging service's $12.8 billion valuation from treading much higher. The company could be worth up to $20 billion once it begins trading.
Apple May Sell 10 Million iWatches in First Year
Apple could sell up to 10 million iWatches in the first year it launches the product, adding more than $2.5 billion to the company's top line and over $750 million in profit, according to a report from Piper Jaffray. The watch will "demonstrate Apple's ability to innovate."
Google's Schmidt to Write Book on How to Lead
Eric Schmidt will offer advice from his experiences leading Google in an upcoming book. "No Adult Supervision Required: How to Build Successful 21st Century Companies," due out next fall, will feature inside stories from Schmidt's time at Google and other companies.
Amazon to Hire 6,000 Amid Expansion in Europe
Amazon said it will hire 6,000 employees in three new logistics centers in Poland to build capacity for further expansion in Europe. The company plans to open two centers near Wroclaw in southwestern Poland and one facility near the city of Poznan, 150 miles east of Berlin.
Google Among Potential Bidders for BlackBerry
BlackBerry, on the block as its smartphone business struggles, is said to be in talks with Google, Cisco and SAP about selling them all or parts of itself. The potential tech buyers are believed to be interested in BlackBerry's secure server network and patent portfolio.
YouTube Networks Aren't Replacing TV Channels
YouTube networks aren't replacing traditional TV, according to Brian Robbins, CEO of the Google-owned video site's AwesomenessTV channel. "We're filling the periods of time that these kids have, because they have these devices. YouTube right now is a shortform experience."
Redbox Streaming Venture Fails to Threaten Netflix
Jana Partners has reported a 13.5% stake in Outerwall, operator of the Redbox movie kiosks, and said it will seek a sale of some or all of the company's businesses. Jana is seeking a sale, spinoff or shutdown of the Redbox Instant by Verizon film-streaming venture.
Nielsen to Measure Twitter Chatter About TV Shows
New York Times
Nielsen has begun measuring what it calls the "unique audience" for Twitter posts about TV. The company's new Nielsen Twitter TV Ratings profess to measure all the activity and reach of Twitter conversation about shows. "This is going to be a credibility-building moment."
Facebook to Add Data for TV Partners Overseas
Wall Street Journal
The rivalry between Facebook and Twitter over social conversations around TV shows is moving overseas. Facebook plans to provide data about its users' comments related to TV shows in eight countries including France, the U.K., Germany, Brazil and India.
Twitter CEO's Tweet Sparks Skirmish About Women
Wall Street Journal
Dick Costolo triggered a mini-debate on his company's short-message service about the shortage of women in Twitter's top ranks. The exchange started after the CEO posted a comment in response to a New York Times article about a dearth of women among Twitter's execs.
WhatsApp, Snapchat Among Twitter's New Rivals
New York Times
Twitter, poised to make a splashy entrance on Wall Street, must also prove it can fend off a rising threat from a younger generation of social outlets. Contenders like WhatsApp, Snapchat and Instagram are attracting millions of followers, some at a greater rate than Twitter.
Instagram Takes Over the World in Just Three Years
Instagram was launched a mere three years ago. There was little sign that October 6, 2010, marked the birth of an app that would be embraced by some of the world's most powerful people, be sold in a deal worth an estimated $1 billion and threaten to transform photography.
Apple Appeals Ruling Over E-Books Conspiracy
Apple has appealed a federal court decision that it violated antitrust laws and conspired to fix e-book prices, as well as penalties ordered by the court. A trial for damages is set to begin in May 2014. Damages are estimated to be in the hundreds of millions of dollars.
Twitter Eyes NBC Digital Chief for News Position
Vivian Schiller, digital chief of NBC News, is said to be the leading choice for Twitter's head of news position, which the company hopes to name soon. With the appointment, Twitter aims to both legitimize itself as a news distribution tool, while courting other news institutions.
Twitter Not Yet Profitable, Seeks $1 Billion in IPO
Twitter has pulled back the curtain on its $1 billion IPO, revealing that the social network is still unprofitable. Twitter said it lost $79.4 million on about $317 million in sales in 2012. The company is on track for an even steeper loss in 2013. But sales are rapidly increasing.
Facebook's Instagram Plans to Start Running Ads
Instagram will soon be inserting photo and video ads into the stream for its U.S. members, the Facebook-owned photo-sharing service announced. People will notice the "occasional ad" over the next few months. The ads bring with them the potential to alienate active users.
Netflix Seen Worth $75 Billion by End of Decade
Netflix shares rallied to an all-time high this week, driven in part by a big price target increase by MKM Partners. Analyst Rob Sanderson stated that Netflix could be worth $75 billion within five to seven years. However, others see "no plausible scenarios" to justify such a valuation.
Amazon Readies Set-Top Box to Rival Apple TV
Wall Street Journal
Amazon is said to be preparing to release a video-streaming device in time for the holiday season. The set-top box, which would pit the online retailer against a host of established rivals, is expected to be a platform for running apps and content from a variety of sources.
Hulu Former CEO Kilar Hints About New Startup
Jason Kilar, the former CEO of Hulu, is starting a new company, referred to as The Fremont Project. Kilar and Rich Tom, his former CTO at Hulu, hint that the new company will be a "consumer-focused venture" and are looking to hire designers and developers.
Yahoo Sued Over E-Mail Scanning for Targeted Ads
Yahoo has been sued over claims that its scanning of e-mail messages for targeted advertising invades user privacy in violation of state and federal wiretap laws. The case was filed one week after a judge issued an order refusing to dismiss a similar suit against Google.
Facebook Reveals Fall TV Shows with Most Buzz
The most-watched new TV shows launching this fall have also made a splash on Facebook, according to data released by the social-network giant. ABC's "Marvel's Agents of SHIELD" led the field among new fall TV series, generating 1.13 million "interactions."
Twitter Presents Inaugural Vine Journalism Awards
A small crowd of media types showed up at Twitter's offices in New York City for the first-ever Vine Journalism Awards. The awards aim to show that six-second videos can deliver impactful reporting. Among the honorees: Doug Lorman's video of the Boston Marathon attacks.
Facebook, Twitter in a Battle for the Second Screen
New York Times
Facebook and Twitter both see the social conversation around TV as a way to increase use of their sites and win a bigger piece of advertisers' spending. In recent months, they have engaged in an escalating battle to claim the title of the nation’s digital water cooler.
YouTube Launches Newsletter for Channel Owners
YouTube has launched Creator Pulse, a newsletter that will keep channel owners up-to-date on the latest goings-on at the video site. Creator Pulse will also highlight a regular selection of notable channels. The digest aims to highlight "fresh, creative uses" of YouTube.
Hulu Plus Joins Google's Chromecast Media Player
Google's Chromecast streaming media player has added support for Hulu Plus, its first new partner since launch. Hulu Plus is unlikely to be the only partner added, though the timing on when others will come aboard remains fuzzy. "We're working with a lot of content partners."
Netflix Gives Students Free Subscriptions for Chatter
Netflix has begun offering students in the U.K. and Ireland a shot at a year's free subscription as part of a student ambassador program. Announced via Twitter and Facebook, the program calls on students to use Twitter to discuss TV shows and movies they watch on Netflix.
Amazon's Bezos Tops Vanity Fair 2013 Power List
New York Post
Jeff Bezos has knocked Apple’s Tim Cook and Jonathan Ive off the No. 1 position on Vanity Fair’s New Establishment list, which aims to chronicle the movers and shakers in popular culture. The Amazon founder's gutsy Washington Post buy helped get him to the top.
Twitter in Talks to Expand San Francisco Offices
Twitter is said to be in talks to lease a 320,000-square-foot office at 1 Tenth Street in San Francisco, adjacent to its headquarters. Twitter, preparing to hold one of the largest tech IPOs since Facebook, may use some of the cash it raises to expand its workforce.
Facebook Builds Housing Community for Staffers
Wall Street Journal
Facebook has begun working with a developer to build a $120 million, 394-unit housing community within walking distance of its Menlo Park, Calif., offices. Called Anton Menlo, the 630,000 square-foot rental property will include everything from a sports bar to a doggy day care.
Microsoft Top Investors Seek to Oust Chief Gates
Three of the top 20 investors in Microsoft are lobbying the board to press for Bill Gates to step down as chairman. This appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology.
Apple CEO Pressured by Icahn for Share Buyback
Carl Icahn said he has pushed Apple CEO Tim Cook for a $150 billion share buyback. "I feel very strongly about this," said the billionaire investor. "I can promise you that I'm not going away until they hear a lot more from me concerning this. It's a no-brainer."
Hulu Ad Chief Among Latest to Depart Video Service
Jean-Paul Colaco, one of the Hulu's key remaining early hires, plans to depart to pursue a startup opportunity, according to acting CEO Andy Forssell. Hulu staffers have been streaming out the door, as the company's ownership structure and direction remain in flux.
Netflix Reigns in Online TV But Cable Remains King
Despite reports of cord cutting, a hefty number of people still rely on cable television. A report released by eMarketer shows Netflix in second place among all pay-TV services. In first place by a wide margin was cable TV. It proved especially popular with people age 18 to 24.
Google Offers to Put Rivals' Logos in Search Results
Europe's antitrust commissioner signaled that he will seek a settlement with Google over the search engine's business practices. Under commitments offered by Google, specialist search sites that provide rival services will appear in search results with their logo.
Yahoo to Acquire Sports-Centric Mobile Developer
Yahoo is said to be near a deal to acquire Hitpost, a maker of sports-centric mobile apps, to beef up its own sports offerings on iOS and Android. Hitpost has made a series of apps that support live discussions and polls on sports. The apps also support virtual currency bets.
AOL Taps Marketing Exec to Take Over Home Page
AOL marketing exec Maureen Sullivan has been given purview over the company's highly trafficked home page, part of an effort to reinvigorate core products, such as AOL.com. As part of the Sullivan appointment, AOL exec Francis Lobo will leave the company.
Facebook Hires Univision Veteran to Run U.S. Sales
David Lawenda, Univision's former advertising sales president, has been named Facebook VP of Global Sales, U.S., managing the social network's domestic sales team. He replaces Tom Arrix, who left in July. Lawenda takes over as Facebook develops new ad products.
Twitter Faces IPO Hurdle in Mainstream Use Figures
Los Angeles Times
Most people know what Twitter is, but many don't know how or why they should use it. Now that it is on the verge of selling its stock to the public, Twitter has to prove to investors it can broaden its appeal or risk being pigeonholed as a niche service, analysts say.
Scribd, HarperCollins Eye Netflix Model for Books
Crain's New York
The Netflix model is coming to the book business. San Francisco startup Scribd, best known as a site for posting PDFs of documents, has announced plans to launch a digital book subscription service that will provide access to a wide range of titles for $9 a month.
Amazon's Bezos Closes on Buy of Washington Post
Jeff Bezos has formally taken over as owner of the Washington Post, officially ending 80 years of local control of the newspaper by the Graham family. The Amazon founder is yet to disclose specific plans or changes he intends to make for the money-losing paper.
Intel TV Boss Joins Contenders for Hulu CEO Job
New York Post
Intel’s Erik Huggers, central to the company's nascent OnCue TV service, is said to have expressed interest in the long-vacant Hulu CEO post. He joins former NBCUniversal EVP Lauren Zalaznik and Fox Networks boss Mike Hopkins, who are also said to be interested in the Hulu job.
Netflix Adds Past Season NBC Shows to Lineup
Netflix has added a cluster of NBC's past full seasons to its video-streaming lineup, which could peel some viewers away from new shows on traditional TV this fall — or prompt others to tune in. The new additions include the final seasons of "The Office" and "20 Rock."
Vevo Launches in Germany After Two-Year Effort
Music and entertainment-focused video site Vevo has arrived in Germany, ending its two-year long effort to meet local licensing demands in the country. Vevo has opened an office in Berlin, out of which its operations in Germany — its 13th market worldwide — will be run.
YouTube to Launch Music Awards with Lady Gaga
YouTube plans to debut its own music awards show, with performances by Lady Gaga, Eminem and Arcade Fire. The YouTube Music Awards, set for Nov. 3 at Pier 36 in New York City, will stream live online and honor "songs that YouTube fans have turned into global hits."
Google to Lease More Office Space in Manhattan
New York Post
Google is said to be close to signing a 360,000 square-foot lease at 85 10th Avenue in New York City. Google owns the mammoth 111 Eighth Avenue nearby, but its expansion needs are so great that it has unsuccessfully tried to nudge out other tenants.
AOL Founder Looks to Invest Outside Silicon Valley
AOL co-founder Steve Case is looking to finance entrepreneurs who are trying to build tech companies outside Silicon Valley, just like he once did. The startups will be bankrolled by a $200 million fund announced by Case's Revolution Ventures. Case exited AOL a decade ago.
Twitter Founder Reveals Formula to Get Rich Online
Ev Williams, in a speech at the XOXO conference in Portland, Ore., discussed what works on the Internet and how to get rich from it, with tongue partly in cheek. Williams said that the real trick is to find something that is tried and true — and then do it better.
Apple to Reward Staff with Thanksgiving Week Off
Tim Cook has spread some of his good nature around Apple, reportedly emailing all employees with a letter of thanks for their hard work during 2013's "exciting summer." As an extra thank-you, the CEO extended the Thanksgiving holiday with additional paid leave.
Amazon to Add 70,000 Jobs in Holiday Hiring Binge
Amazon CEO Jeff Bezos plans to add more than 70,000 full-time holiday U.S. jobs within its fulfillment centers, which are intended to help meet increased seasonal demand in deliveries. The hiring boom for this year's holiday work is up 40% from a year ago.
Apple Passes Coca-Cola as Most Valuable Brand
New York Times
Apple has become the most valuable brand in the world, according to the closely followed annual report from Interbrand. The previous No. 1 brand, Coca-Cola, fell to No. 3. This is the first time that the soft drink has not been in the top spot. "This year, the king is Apple."
AOL to Launch Gathr Subscription Bundle Service
AOL's new subscription service Gathr will bundle a number of products and services — including Pandora, Redbox, Amazon — and offer them at a discount. Bundles are targeted at various groups: A "Man Cave" package includes subscriptions to Maxim and Car & Driver magazines.
Aereo Delays Launch in Chicago Due to 'Issues'
Aereo has delayed its rollout in Chicago, which would have been its next biggest market after its hometown of New York. The cloud-based TV service was testing in the Chicago area when it "encountered issues." Said Aereo: "We are working our fastest to find a solution."
Facebook Woos TV Networks with Weekly Reports
Wall Street Journal
Facebook said it will begin sending weekly reports to America's four largest TV networks, offering a glimpse of how much chatter their shows are generating on the social network. The reports will reveal how many "actions" a TV episode has inspired on Facebook.
YouTube, ZenithOptimedia Offer Video Consultancy
ZenithOptimedia has teamed up with YouTube to launch a global branded content consultancy service for its clients. Workshops will be held at YouTube's New York and London offices. "Developing a presence on YouTube is very different from launching campaigns."
Google Pressured by France to Take Privacy Action
Yahoo, Singapore Press Settle Copyright Lawsuit
Yahoo has agreed to pay unspecified costs to settle a lawsuit filed by Singapore Press Holdings over copyright infringement. Singapore's largest newspaper company sued Yahoo in 2011 on claims that the Internet company reproduced its news content without permission.
Pinterest Seen as Ad Threat to Google, Facebook
Wall Street Journal
Pinterest, which has just begun to test advertising, could become a threat to Google and Facebook. Research suggests that, over time, retailers could shift their ad budgets to Pinterest, at the expense of the Internet giants. Pinterest users are "more engaged and enthusiastic."
Twitter May Make Its IPO Filing Public This Week
Twitter is said to be planning to make public its secret filing for an initial public offering as soon as this week. The goal is for the social media company to begin trading before Thanksgiving. Twitter's IPO price is currently thought to be in the range of $28 to $30 a share.
Report: Social Media 'Destroying' Teenagers' Lives
This year, 81% of Internet-using teenagers in America reported that they are active on social-networking sites. Facebook, Twitter, Instagram and new dating apps have become key players in social interactions. But some teens complain that social media is "destroying" their lives.
Tumblr CEO: Profitability Not an Important Milestone
David Karp has built a massive, culturally totemic company that was losing millions of dollars a month. But after a huge infusion of Yahoo cash, he's breathing easier. When asked when he expects Tumblr to be profitable, the CEO hat comes off. He doesn't know, Karp said.
Huffington Post to Break Even This Year, CEO Says
AOL's Huffington Post aims to become a global media company, said CEO Jimmy Maymann. "We're not just a news site. We're a community, we're a commenting platform." As a standalone company, HuffPost will break even this year, he added. "The model is working."
Patch to Shut Down Some Hyperlocal News Sites
Bud Rosenthal, the new CEO of AOL's Patch, has told employees in a memo that "a number" of the hyperlocal news sites will have to be closed. The company's commitment to the "connected local community" has not "translated into success in every town we serve."
Google Unveils Major Overhaul of Its Search Engine
Google has unveiled a revamp of its search engine that affects 90% of the search results served up worldwide by the Internet giant. Called Hummingbird internally, the new algorithm aims to make search results more relevant, especially when users ask complex questions.
Twitter: Some Early Staffers to Miss Out on Millions
As Twitter prepares for its IPO, some of the company's earliest employees will become instant millionaires — even billionaires. But not all members of Twitter's founding team will cash in. Like many Silicon Valley startups in their infancy, Twitter's original team changed quickly.
Facebook Resurrects Testing of Mobile Ad Network
Facebook has begun testing a mobile advertising network that would place ads on non-Facebook apps. The company abandoned a similar test in December. The new effort coincides with Twitter's move to generate revenue from ads served in off-Twitter mobile ad networks.
Apple CEO to Meet with Investor Icahn Next Week
Carl Icahn will meet with Apple CEO Tim Cook in New York City next week, where the activist investor may discuss the company's prospects, and the possibility of adding to his stake in the tech giant. Earlier this month, Icahn said he had purchased "quite a bit" of Apple stock.
Microsoft CEO Candidate List Topped by Ford Exec
Ford CEO Alan Mulally is said to have vaulted to the forefront of the candidates to become the new CEO of Microsoft. Earlier this month, the leader of the car maker denied he was leaving the Detroit company. Mulally has since become "more amenable to the idea."
Intel Seeks Partner for Web-Based Pay TV Service
Intel, which has promised to launch a web-based pay TV service by year end, is said to have met with Amazon and Samsung in an effort to find a strategic backer. It is possible the project could be scrapped; Intel has yet to finalize a deal with any major TV programmers.
YouTube 'Saturday Night Live' Channel Blocks U.S.
"Saturday Night Live" has set up shop on YouTube — its first official channel on the world's biggest Internet video destination. But the free clips are not available to U.S. users, given production company Broadway Video's licensing pact with Yahoo for domestic audiences.
Netflix Opens the Gates to 'Super HD' Video for All
Months after introducing its "Super HD" streaming option, Netflix had made its highest-definition picture format available to all subscribers. Super HD was rolled out earlier this year to customers whose Internet service provider was part of Netflix's Open Connect delivery network.
Survey: 15 Percent of Americans Don't Go Online
The Internet has become so entwined in their lives that many Americans might have trouble without it. But about 1 in 7 Americans don't use the Internet at all, according to a study by the Pew Research Center's Internet and American Life Project. Some Americans "are not interested."
Google, at 15, Perfects Search for Next Big Thing
Google, which turns 15 on Friday, has become ubiquitous in the lives of millions of people — from e-mail and maps to searches and self-driving cars. While Apple and Microsoft fend off questions about their innovation chops, Google is as inventive and financially stout as ever.
Hulu Eyes Launch of Ad-Free Service Like Netflix
Hulu at some point expects to introduce a subscription video plan without any advertising — and compete more aggressively with Netflix. "Allowing people to pay more and not have advertising at all, I think that's the right path long term," said acting CEO Andy Forssell.
Netflix Seeks Presence on U.S. Cable TV Systems
Netflix wants to attract more customers by adding its web-based movies and TV shows to U.S. cable systems, according to CFO David Wells. "We would love to reduce the friction to the end consumer, and to be available via the existing device in the home, which is the set-top box."
Target Takes On Netflix with Debut of Video Service
Target has launched a digital video service, Target Ticket, allowing people to buy or rent movies and TV shows. More than 30,000 titles are available for between $1 and $37. Target is putting a "family-friendly spin on digital video" by letting parents customize profiles for filtering.
Amazon Goes Offline with Digital Video Downloads
Amazon's new tablets will let users download video from the company's Prime Instant Video service — a feature that consumers will like but the media industry may not. "It diminishes the desire to buy video content because you can rent it and even have access to it offline."
Twitter Signs Deal with NFL for Ad-Supported Videos
Wall Street Journal
The National Football League has reached a deal with Twitter to make football highlights and other content available on the social-media service. The NFL will have a team dedicated to producing "programming" for Twitter, including clips from games on CBS and Fox.
Aereo CEO Dishes on Expansion Plans, Controversy
Aereo isn't necessarily sparking cord-cutting, said CEO Chet Kanojia. "People are making choices based on their own consumption habits. It would be foolish to say that people's media habits are not changing. Our position is pretty strong. Nobody can predict the future."
YouTube Unveils Music Library with 150 Free Tracks
YouTube offers more than 150,000 audio tracks that video producers can use as background music for videos. The video site is expanding this library with 150 new royalty-free tracks. The music in this new audio library can be downloaded, remixed and used for free forever.
Yahoo CEO Book Due from Business Insider Writer
Business Insider's Nicholas Carlson plans to turn his recent mega-article about Yahoo CEO Marissa Mayer into a book for Business Plus, an imprint of Grand Central Publishing, a division of Hachette. "Marissa Mayer is a huge character," Carlson said. "There are many sides to her."
Alibaba Turns to U.S. for Its Initial Public Offering
China's Alibaba plans to hold its initial public offering in the U.S., rather than Hong Kong, after the operator of the world's largest e-commerce marketplace disagreed with the Hong Kong Stock Exchange over how the business will be run. Alibaba is part owned by Yahoo.
LinkedIn Goes Wide With Media Content, Native Ads
LinkedIn, the professional network for job-seeking and recruiting, has morphed into a destination to read, share and comment on news. If it sounds a little like Facebook and Twitter, it is. And so is the advertising approach. "Our job is to package the most relevant content."
Yahoo's Mayer Explains Her Vogue Photo Shoot
Marissa Mayer took the stage with talk show host Charlie Rose at IAB's Advertising Week conference to discuss her strategy for Yahoo. Toward the end, Rose asked Mayer about the story behind her head-turning Vogue photo shoot. The photo, she said, was "out of necessity."
YouTube Tries to Clean Up Video Site's Comments
YouTube plans to give its commenting system an overhaul, using several factors to determine which posts float to the top of the conversation. The video service's move is supposed to help create conversations instead of a deluge of one-off statements and poisonous vitriol.
Aereo Expansion Marches On to Four More Cities
Aereo, the cloud-based TV service, has announced its move into four more cities, adding Cincinnati, San Antonio, Indianapolis, and Columbus, Ohio, to its growing list of markets. The company said earlier this year that it is expanding from New York to 22 new U.S. cities.
AOL Jumps to Second Place in Web Video Ranking
In August 2013, Google sites, driven primarily by video viewing at YouTube, ranked as the top online video content property with 167 million unique viewers, according to comScore. AOL jumped to the No. 2 spot with 71.2 million, followed by Facebook with 62.2 million.
Twitter Faces Headache in Effort to Control Content
Twitter must balance fears that potential advertisers could be tainted by association with offensive tweets with its long-held principle that "tweets must flow." The company's legal fees spent on behalf of its users may be harder to justify in quarterly earnings calls.
Thrillist: From Newsletter to $80 Million in Revenue
Thrillist, which began as a simple newsletter, has evolved into a global media and e-commerce company with 250 employees and 25 local editions, reaching from Los Angeles to London. The firm is set to bring in between $80 million and $100 million in revenue this year.
Pinterest Appeals to Publishers With 'Article' Pins
Pinterest has begun rolling out an updated "article" pin type, designed to expand the company's reach beyond those pinning photos or product images linking to e-commerce sites to those also interested in saving and sharing stories they are finding around the web.
Hulu CEO Doesn't Say Much About Cash Infusion
Andy Forssell, acting CEO of Hulu, hasn't said much about the $750 million that his online-TV site received from its owners this year, but it's clearly the talk of content developers. "We're absolutely seeing pitches. People know us. They know we've been recapitalized."
Aereo CEO: Traditional TV Poses a Threat to Itself
Aereo has been painted as a potential killer of the TV and cable industries. But the way CEO Chet Kanojia sees it, Aereo doesn't pose much of a threat — because they're providing enough of a threat to themselves if they don't adapt to the changing habits of consumers.
Netflix to Block 'Breaking Bad' Spoilers on Twitter
Netflix, which houses the entire library of "Breaking Bad," has launched a "Spoiler Foiler" tool to block all comments on Twitter that could potentially spoil any updates about the series. The "Spoiler Foiler" filters out any tweets that have the words "breaking" or "bad" in them.
Twitter Adds CBS to Its Stable of Big Ad Partners
New York Times
Twitter has signed CBS to its Amplify advertising program, one of its biggest partners yet. The broadcast network intends to use Amplify to showcase content from its products. As an example, Twitter and CBS showed off a possible "60 Minutes in 60 Seconds" ad.
AOL CEO Leads Charge to Pry Ad Dollars From TV
Wall Street Journal
Tim Armstrong has once again played cheerleader for an online video industry that is determined to pry advertising dollars away from TV. The AOL chief's latest pitch was part of the first-ever upfront for "programmatic" ad-buying. "It's going to be the wave of the future."
Apple iTunes Radio Delivers Bad News to Pandora
Silicon Valley Business
Apple said that more than 11 million unique listeners have already tuned into iTunes Radio, its new music streaming service which launched last week. That comes as bad news to Pandora, the reigning champ in Internet radio and Apple's main competitor in the space.
Facebook, Twitter OK to Enter China as Ban Lifts
South China Morning Post
Beijing is said to have made the landmark decision to lift a ban on Internet access within the Shanghai free-trade zone to foreign websites considered politically sensitive by the Chinese government, including Facebook, Twitter and the website of the New York Times.
Google Seeks to Copy Books Without Permission
Google has tried to persuade a judge that digitally copying millions of books for online searches without authors' permission is protected by copyright law. The company is arguing in federal court that the fair-use provision of the Copyright Act shields it from liability.
Twitter Chooses New York Stock Exchange for IPO
Twitter is said to be planning to list on the New York Stock Exchange in an IPO estimated to net around $1.5 billion. The San Francisco-based social media company is looking to avoid the glitches and hoopla that were troublesome when Facebook went public last year.
Google, Facebook Dominate Digital Advertising Dollars
New York Post
Google and Facebook are vacuuming up online advertising dollars, leaving 99% of digital ad firms to scrounge for crumbs, according to the Interactive Advertising Bureau. "If you exclude Google and Facebook, there's almost no growth. Yahoo and AOL have been sucking wind."
Facebook Shares Hit All-Time High After Ad Upgrade
Facebook shares hit an all-time high Friday after analysts at Cowen & Co. upgraded the social media giant's stock, forecasting that its advertising revenue will rise dramatically. Marketers are getting "strong" return on investment after advertising on Facebook, they said.
Twitter Pitches Itself to TV Networks Ahead of IPO
Wall Street Journal
Twitter has been courting TV networks as it rolls out more-sophisticated marketing products. New partnerships are likely this week, as Twitter execs gather with the media industry for Advertising Week. CBS is in the midst of a weeklong tweeting extravaganza to promote its lineup.
Apple CEO Joins Twitter as New iPhones Go on Sale
Apple CEO Tim Cook opened a Twitter account Friday and sent out his first tweet as the tech giant put its latest iPhones on sale around the world. "Visited Retail Stores in Palo Alto today. Seeing so many happy customers reminds us of why we do what we do," Cook tweeted.
LinkedIn Customers Claim Company Hacked E-Mails
LinkedIn has been sued by users who claim the professional-networking site appropriated their identities for marketing purposes by hacking into their e-mails and downloading contacts. The customers are seeking revenue stemming from LinkedIn's use of their identities.
Vevo to Block YouTube's Offline Viewing Feature
Vevo, which is one of YouTube's top content suppliers, said it will not allow users to watch its music videos through the Google-owned site's mobile apps if they're not connected to the Internet. Vevo generates more than 3 billion views monthly via its 15,000 YouTube channels.
Apple Chiefs Discuss New iPhones, Future Strategy
As the iPhone 5S and iPhone 5C go on sale, Apple CEO Tim Cook, design head Jony Ive and software chief Craig Federighi discussed the future of the company. "Our primary objective," said Cook, "is to sell a great phone and provide a great experience."
Yahoo CEO Tops Fortune's '40 Under 40' in Business
Fortune has published its annual "40 Under 40" list of the hottest young stars in business. Yahoo CEO Marissa Mayer took over the top spot from Google's Larry Page, making her the first woman ever ranked at No. 1 on the list. Jack Dorsey of Square and Twitter was No. 2.
Google Unveils New Logo Design Following Denials
Google has unveiled a redesign of its flagship search product, replacing its beveled logo with a flat one. The Internet giant recently denied plans of a logo redesign. On a new blog post, Google admitted: "We've refined the color palette and letter shapes of the Google logo."
Twitter to Seek $1 Billion in IPO Before Thanksgiving
Twitter and its bankers will be fat and happy come Turkey Day, if insiders have their facts straight. The microblogging service is gunning to get its shares on the public market prior to Thanksgiving and plans to raise more than $1 billion through the offering, according to sources.
Hulu Renews 'Awesomes' Citing Strong Viewership
Fans of "The Awesomes," Hulu's first animated original series, will get 10 more episodes of the superhero comedy after the end of season 1. "The Awesomes," which launched Aug. 1, has been "a runaway hit with viewers." The series features the voice of Seth Meyers.
Aereo Poised to Best Hearst TV in Boston Dispute
Aereo, FilmOn and major TV broadcasters are in a legal contest in courtrooms around the country, but Aereo may have the upper hand in Boston. The judge overseeing Hearst's copyright complaint against Aereo said he is "inclined" to rule in favor of the web TV service.
Pinterest to Test 'Promoted Pins' in First Ad Initiative
Pinterest is following the precedent set by Facebook and Twitter and will soon introduce native advertising in the form of "promoted pins." The social network for scrapbookers said it is not charging for its first tests of the ad product, which have yet to officially begin.
LinkedIn Taps Former Google Exec as New Ad Chief
LinkedIn has boosted its status on Madison Avenue, hiring Penry Price as advertising chief. Price is president at Dstillery, a digital ad-targeting platform. He previously served as an ad exec at Google. Price will join the professional-networking giant in the coming months.
MediaCom Study: Girls More Tech-Savvy Than Boys
Schoolgirls have greater access to technology than their male counterparts, are more engaged with social media and smartphones and are more likely to skip ads, according to a study from MediaCom. The study also found that children's bedrooms have become "multimedia hubs."
YouTube's Machinima Network Lays Off 22 Staffers
Machinima, one of the biggest networks on YouTube, is laying off 10% of its staff. The game-centric video firm said it will take the money it is spending on the positions and reinvest in new ventures. Machinima plans to announce "new programming and distribution initiatives."
Netflix, Hulu Feed 'Binge Appetites' for Programming
Netflix and Hulu are feeding "incredible binge appetites" for programming, according to an analysis by Nielsen, with the vast majority of users watching at least three episodes of the same show in a single day. Netflix now calls itself the "world's leading Internet TV network."
Amazon's Instant Video to Receive Emmy Award
Amazon's Instant Video will receive an Emmy Award for its work on personalized recommendation engines for video discovery. The National Academy of Television Arts & Sciences will award Amazon with a 2013 Technology and Engineering Emmy, the company's first.
Google Accused of Fostering Piracy in Hollywood
The Motion Picture Association of America has released a study that accuses Google of leading users to piracy sites. The study, which comes as the U.S. Commerce Department mulls proposals on fighting piracy, "shows there is much more that search engines must do."
Facebook CEO: No Plans to Enter News Business
While Amazon's Jeff Bezos is buying the Washington Post, fellow digital icon Mark Zuckerberg has no plans to get into the news business. "I can't see us getting into producing our own content," said the Facebook CEO, since so much "awesome" material is already available.
Apple Software Update More 'Dynamic' for TV, Video
Media execs are betting that Apple's iOS 7 operating system will deliver a more visually streamlined experience — and provide an even better way to watch TV content on mobile devices. NBC, for one, timed a major relaunch of its video app with the Apple software update.
Microsoft to Expand TV Programming for Xbox One
Microsoft plans to expand its TV programming beyond the show based on its best-selling "Halo" game, as the company tries to position the new Xbox One as a portal for games, videos and music. Microsoft has a production team in Los Angeles developing "hundreds of ideas."
Take-Two's 'Grand Theft Auto V' Sets Sales Record
"Grand Theft Auto V" topped $800 million in sales worldwide on its first day of release. At about $60 a pop, that translates to more than 13 million units. It is the highest first-day retail sales in Take-Two Interactive's history and makes "GTAV" the biggest video game launch ever.
Google: A Hotbed of Sex Scandals, Staff Warfare
Google's Mountain View, Calif., campus is "a hotbed of sex and political infighting," according to a report by Business Insider. Inside Google, "it's a 'Game of Thrones.' " The Sergey Brin sex scandal "is hardly the only one." Staffers gain power through "geo-political warfare."
Pandora Wins Court Battle with Music Publishers
Pandora has won its court battle with the music publishing society known as ASCAP in a ruling that should help lower its royalty payments. The win means that Pandora is entitled to license all songs in the catalog run by the American Society of Composers, Authors and Publishers.
Aereo Launches in Houston; Dallas Set to Follow
Aereo's two-step into the Lone Star State got underway this week with the launch of its broadband TV/cloud DVR combo in Houston. The company is expected to launch in Dallas on Sept. 23. Aereo has already launched in markets including New York City, Boston and Miami.
Hulu Lines Up New Video Content from the BBC
Wall Street Journal
Hulu has struck a pact with BBC Worldwide North America that will bring 144 titles to its video-streaming service in the first year of the deal. It is Hulu's largest content-licensing deal reached in the two months since it was taken off the auction block, ending a period of uncertainty.
YouTube Allows Viewers to Watch Videos Offline
Next month YouTube will let viewers save clips on their phones and other mobile devices for up to 48 hours, so they can watch them when they are not online. The videos will still be free, and YouTube will run ads on the clips, which will be available via mobile apps.
BitTorrent, Vice Media to Team Up with Madonna
Pop star Madonna, during a session on Reddit, hinted at an "ambitious" 17-minute film project set to debut next week. The effort, which includes a collaboration with two partners, Vice Media and BitTorrent, is aimed at fostering free speech around the world.
Electronic Arts Names EA Sports Chief as CEO
Electronic Arts has selected Andrew Wilson, the former EVP of EA Sports, to become its new CEO. Wilson, a 39-year-old Australian native, has been with EA for 13 years. Most recently he lead EA's online portal Origin and headed the publisher's successful sports franchises.
Google May Ditch 'Cookies' as Online Ad Tracker
Google is developing an anonymous identifier for advertising, or AdID, that would replace third-party cookies as the way advertisers track people's Internet browsing activity for marketing purposes. The effort is designed to give Internet users more privacy and control.
Facebook Users Quitting Over Privacy Concerns
Facebook users are quitting the social network "in droves," citing privacy concerns and fear of Internet addiction, according to new research by the University of Vienna. Data protection issues and social pressure to add friends were also among the reasons for leaving.
Microsoft Redesigns Bing Logo, Revamps Search
Yahoo isn't the only web property with a new look. Microsoft's Bing search engine is unveiling a revamped website with a redesigned logo. The brand features a simpler typeface "created to be simple, real and direct" that better matches the font used on other Microsoft products.
Google, Facebook Skewered in Dave Eggers Novel
Wall Street Journal
The new novel "The Circle," by Dave Eggers, "carries the potential to change how the world views its addicted, compliant thrall to all things digital. If you work in Silicon Valley, or just care about what goes on there, you need to pay attention to it and its message."
Groupon Adds to Event Business with Acquisition
Groupon has acquired SideTour, a marketplace where people can book places for small-scale, bespoke activities and post their own events. SideTour will operate as a separate entity "for some time" as its listings start to get distributed via Groupon's various channels.
Amazon, Comcast App Help Fans Create Celeb Mags
WhoSay, a startup backed by Amazon, Comcast and CAA, has launched an app that allows fans to make their own digital magazines combining posts by celebrities like Tom Cruise and Sofia Vergara with the company's in-house editorial. WhoSay boasts of 1,500 celebrity members.
Facebook Veteran Aims to Create 'Netflix for News'
Would you pay $5 a month to support your favorite writer? What if doing so also gave you access to a large and growing body of exclusive work from like-minded journalists? That's the idea behind Beacon, a new startup that describes itself as a sort of "Netflix for news."
AOL Names Hearst Executive to Board of Directors
AOL has appointed Eve Burton, SVP and general counsel of Hearst, to its board of directors. Burton has leadership experience in the media industry spanning print and digital publishing, cable networks and broadcasting, and online media, as well as government affairs.
Twitter to Highlight TV Chatter in Mobile Overhaul
Twitter is said to be planning a massive overhaul of its mobile apps, designed to make the service more appealing to mainstream users. The biggest change could be centered on TV: The company is believed to be developing a stream dedicated solely to TV-related tweets.
Facebook Friends ABC's 'Dancing with the Stars'
Facebook has lined up its first-ever entertainment partnership with ABC’s “Dancing with the Stars," which will feature real-time social media conversations about contestants, buzz-generating couples and more from the social media giant on air during each telecast.
Netflix Expands List of Rivals Beyond Hulu, HBO
Less than a year ago, Netflix said it saw Hulu as its closest competitor. A few months later, the company named HBO as its chief rival. Now, Netflix has expanded the list to include "linear networks, DVDs, video games, web browsing, magazine reading" and more.
Twitter's Game Plan: Go Public Before Thanksgiving
New York Post
Twitter execs may have another reason to give thanks before they carve the turkey. The micro-messaging service could go public as early as November, ahead of Thanksgiving, to avoid the post-holiday doldrums, according to sources familiar with Twitter's game plan.
Rhapsody Lays Off 30 Employees, Ousts Managers
Rhapsody has laid off 30 workers, or about 15% of its staff, and plans to replace several top managers, including Jon Irwin, the exec who has led the company the past three years. The board of the web music company "has decided to rebalance and restructure U.S. operations."
Pandora Preps Share Sale in Streaming Music Fight
Pandora said it is planning a stock offering worth up to $450 million, giving the Internet radio company a fresh chunk of money as it battles Apple and other large rivals in the streaming music space. The online streaming music giant named a new CEO just last week.
Google Buys Bump File Transfer App for Devices
Google has acquired Bump, the maker of a smartphone app that allows users to share files by bumping devices together, for an undisclosed amount. The Bump team "has demonstrated a strong ability to quickly build and develop products that users love."
Twitter Outshines Facebook, Google in Mobile Ads
Twitter is outpacing bigger rivals Facebook and Google in an important area of growth — mobile advertising. Ads on smartphones and tablets will make up more than half of Twitter's ad revenue this year, according to eMarketer. "Mobile is clearly for Twitter the critical piece."
Rotten Tomatoes Expanding Ratings to TV Shows
Rotten Tomatoes, the popular movie review website, will also start tracking TV shows. The site will launch a separate "TV Zone" that includes a Tomatometer based on reviews of a TV show's seasons. "We're aggregating the reviews the same way we've always been."
Netflix to Double Spending on Originals, Eyes Global
Netflix content chief Ted Sarandos told the biennial Royal Television Society Cambridge Convention that he expects originals spending to double to 20% of his program budget. "In the long-term, there is no reason to believe that Netflix won't be a global product in every country."
LivingSocial to Expand Deals Beyond Daily Emails
LivingSocial plans to announce changes aimed at converting the company from an e-mail service that delivers deals daily into a website and mobile app where people can browse through offers at local merchants at any time. "Consumers want more great deals from us."
Tumblr in 'Firehose Deal' with DataSift for Analytics
Tumblr has inked a deal with DataSift to provide a firehose of Tumblr data — including both real-time and historic data — to power consumer engagement analytics. This is essential data for brands when looking to buy ads against the 5.5 billion monthly interactions on Tumblr.
Twitter Hashtags Earn Millions a Month, Study Says
Twitter allows a single "Promoted Trend" ad to sit above the others. According to a source, brands are asked to pay $200,000 a day in the United States if they want to feature a trend – usually a hashtag – of their choice. This digital billboard is said to be in high demand.
Saudi Prince to Hold Twitter Stake, Sees IPO by 2014
Saudi billionaire Prince Alwaleed bin Talal said he will not sell any of his $300 million in shares in Twitter when the company goes public, and expects the firm's IPO to hit the market before early 2014. "We believe that [Twitter] is just beginning to touch the surface."
Google Zeitgeist Conference Kicking Off in Arizona
Google's Zeitgeist Americas conference has begun at a tony resort near Scottsdale, Ariz., with more than 450 partners, customers and execs set for multiple days of talks from speakers including CEO Larry Page and other notables flown in from around the globe.
Twitter Founders to Enjoy Colossal Payday in IPO
Twitter's Jack Dorsey, Evan Williams and Biz Stone look set to vastly increase their wealth after the announcement that the company is preparing for an IPO. The last of the major social networking sites to go public is expected to debut at a valuation of up to $20 billion.
FilmOn X Loses Bid to Lift Streaming TV Show Ban
In another blow to FilmOn X, a federal judge has refused to reconsider an order prohibiting the startup from streaming TV shows. "FilmOn X's arguments are not persuasive." TV networks, which have sued FilmOn X for copyright infringement, "are likely to succeed."
Chernin Mulls Second Season of Social-Media Show
The summer may not be over for @SummerBreak, the reality program that played out on social media rather than TV and was hailed as a grand experiment in the future of media. Chernin Group is interested in producing a second season of the recently completed program.
YouTube's Maker Wins New $26 Million Investment
Maker Studios, which said it generates 4 billion views a month on YouTube, has raised $26 million from a group of investors, including Canal+, Malaysia's Astro holding company and SingTel Group. Maker raised $36 million from Time Warner and others last December.
Facebook Eyes Potential of TV-Like Ads in Video Test
Facebook is testing videos that play automatically on mobile versions of its service, setting the stage to turn the social network into a venue for lucrative, TV-like video ads. The videos will be silent when they first appear, but expand and play the audio when clicked.
Rhapsody Internet Music Service Set for Shake-Up
Rhapsody, the granddaddy of on-demand web music services, is said to be preparing to shake up its management. The company is reportedly searching for candidates to replace president John Irwin. Rhapsody is said to be having trouble competing with Spotify and Pandora.
Apple: Carl Icahn Snaps Up 'Extremely Cheap' Shares
Carl Icahn boosted his stake in Apple, as shares of the company tumbled more than 5%. Wall Street analysts downgraded the stock and investors dumped shares after the two new iPhone models failed to wow. But Icahn said investing in Apple is a "no brainer."
Yahoo's Mayer Touts Growth Under Her Leadership
Yahoo CEO Marissa Mayer said the Internet company now has about 800 million users, a 20% increase since she was lured away from Google 15 months ago to steer a turnaround. The gain is the latest evidence of the progress Yahoo is making under Mayer's leadership.
IAC Mulls Sale of Daily Beast After Tina Brown Exits
IAC chief Barry Diller is said to be considering selling the Daily Beast after the departure of Tina Brown, who helped start the news website in 2008. Brown is leaving the site to start a new venture, Tina Brown Live Media, which will build on her Women in the World conferences.
Twitter Scores NFL Veteran to Bolster Sales Team
New York Post
Twitter boss Dick Costolo, ahead of a likely IPO, is continuing to add high-quality talent to his business team. Dave Pattillo, the VP of sales at NFL Media, is set to join the fast-growing social-media company. Pattillo will become Twitter’s head of East Coast sales.
Facebook Opens Real-Time Feed to Media Outlets
Facebook is rolling out a way for media outlets to integrate the social network's conversations into their coverage, with public posts of real-time activity. Media partners in the initial rollout include BuzzFeed, CNN, Mass Relevance, NBC's "Today," Sky TV and Slate.
Pandora Names Former Microsoft Exec as New CEO
Brian McAndrews, a partner at Madrona Venture Group, is Pandora's new CEO, the company announced. McAndrews, who was a top marketing and advertising exec with Microsoft and aQuantive, will succeed Joe Kennedy. Kennedy announced in March that he was exiting.
MSN Drops Movie, TV Bloggers Amid Budget Cuts
MSN Entertainment is letting go numerous freelance movie critics, bloggers, junket writers and TV recappers, according to an e-mail sent by editor Kent Laird. "Our freelance budget has gone away entirely." The news portal includes multiple entertainment-focused blogs.
Microsoft: Turnaround Experts on Shortlist for CEO
At least three of the top 20 investors in Microsoft are said to want a turnaround expert to succeed Steve Ballmer as CEO and have urged the tech giant's board to consider both Ford Motor CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the job.
Apple iTunes Radio Due Out with Operating System
Apple's iTunes Radio will be part of the company's newest operating system on Sept. 18. While streaming music is a field crowded by the likes of Pandora and iHeartRadio, Apple's 575 million iTunes customers will make up for missing out on first-mover advantage.
Vevo: Cyrus Music Video Shatters Viewing Record
New York Post
Miley Cyrus's "Wrecking Ball" video has demolished the most-viewed record on Vevo. The online music video hub said that her sexy clip racked up 19.3 million views in 24 hours. Cyrus's titillating performance on the MTV Video Music Awards helped jack up sales of her music.
Twitter: Real-Time Tweets Come to TV Commercials
When TV viewers in Romania invited friends to dine via Twitter, they were rewarded with possibly seeing their tweet air on TV as well. Of those using the hashtag #LetsEatTogether, up to seven messages would stream live during a resultant commercial for Coca-Cola.
Hulu Offers TV Fall Premieres Ahead of Broadcast
Fall TV premieres are right around the corner, and online video service Hulu is once again letting TV fans get the jump on water cooler gossip by offering an early look at a few new and returning shows from ABC, NBC and Fox in advance of their broadcast air dates.
FilmOn Must Pay TV Networks $1.4 Million in Fight
A New York federal judge has ordered FilmOn X to pay CBS and other TV networks $1.35 million, plus interest and attorneys' fees, for failing to pay the full amount it owed under an October 2012 settlement ending a copyright lawsuit brought by the networks.
Netflix Stock Boom May Bring Gloom to TV Networks
A new deal between Netflix and Virgin Media U.K. is the likeliest reason for the streaming service's stock rocketing to record highs. But analysts warn that the elevation of Netflix to the same level as traditional TV networks could ultimately provide them increased competition.
Target Nearing Launch of Digital Movie, TV Service
Retail giant Target aims to debut the Target Ticket digital video service on or before Oct. 1, with about 30,000 TV and movie titles for purchase or rental. Target is banking on providing simplicity, access to next-day TV episodes and parental controls to lure customers.
Apple TV Software Refresh Expected Next Week
Apple didn't show off new Apple TV hardware at the company's big event on Tuesday. But people familiar with the tech giant's plans say Apple TV is scheduled for an internal overhaul on Sept. 18, the same day Apple releases its iOS 7 mobile operating software.
Google Loses Appeal in Street View Snooping Case
A federal appeals court said Google wrongly collected people's personal data through their Wi-Fi systems as it drove down their streets with car cameras shooting photos for its Street View mapping project. Google had argued that its activities were exempt from wiretap laws.
Apple Goes Plastic, Colorful with New iPhone Line
Apple broke tradition and rolled out two new colorful iPhones models, the iPhone 5S and the iPhone 5C, at its event on Tuesday. The iPhone 5C, which features a plastic casing and starts at a price of $99, is cheaper than the iPhone 5S, which starts at $199.
IAC, Daily Beast Editor Tina Brown to Part Ways
Tina Brown, who sought to reinvent buzzy magazine journalism on the web with The Daily Beast, and owner Barry Diller's IAC are said to have agreed to part ways. IAC does not plan to renew Brown's contract when it expires in January. Details of the separation are being worked out.
Google Chief Says Tech Will Benefit Movies, Music
Technology will create opportunities for new types of jobs tomorrow, Google's Eric Schmidt told economists at the National Association of Business Economics conference. Industries like movies and music stand to benefit from advances in technology, he said.
Netflix: Denmark Delivers the Best Video Streams
Netflix issued its ISP speed index for the month of August with a new twist — historical country averages. Among the countries where Netflix measures ISPs, Denmark was tops in August, delivering average streams of 2.64 Mbps, followed by Finland, Sweden and Norway.
Virgin Media Adds Netflix in Pay-TV Industry First
Netflix will be offered on Virgin Media cable systems in the U.K., marking the first time the web-delivered product is integrated by a major pay-TV provider. Virgin Media, purchased this year by John Malone's Liberty Global, will begin testing Netflix with 40,000 customers.
Verizon, FCC Square Off on Future of Net Neutrality
Verizon is near the end of a legal battle that could render the FCC's net neutrality rules a thing of the past. The two groups presented oral arguments to a Washington, D.C., circuit court, hoping to respectively strike down or uphold the Open Internet framework.
Yahoo Tunes Into Mobile Video with New Application
Yahoo is seeking a bigger role on iPhones and iPads with the release of its first mobile app for watching video on touch-control screens. Yahoo Screen is set up to make the experience of sifting through video on smartphones and tablets more like channel surfing on a TV.
Twitter Makes Its Largest Acquisition with MoPub
Twitter has made its largest acquisition to date with the purchase of MoPub, a mobile advertising company, bolstering its ad sales platform as it prepares to go public in coming months. The deal will help Twitter broaden its partnership with traditional media companies.
Facebook's Instagram to Sell Ads Within Next Year
Wall Street Journal
There are currently no ads on Instagram, but business operations director Emily White said the Facebook app should be ready to begin selling ads within the next year. Her challenge is to figure out how to integrate marketing without jeopardizing Instagram's cool factor.
LinkedIn Plans to Create Global 'Economic Graph'
LinkedIn is working to create a global "economic graph," CEO Jeff Weiner said at the TechCrunch Disrupt conference. An economic map would include a profile for every company around the globe. "We want to digitally represent every economic opportunity in the world."
Storify Social Curation Startup Acquired by Livefyre
San Francisco Business
Livefyre has acquired Storify, a company that helps people organize pictures and other content they post online, for an undisclosed amount. Livefyre makes software that lets companies use material from social websites like on their own sites or in advertising.
Apple Rumors Reach Fever Pitch Ahead of Event
Though Apple is mum ahead of its press event Tuesday at 10 a.m. PT, many predictions are circulating, based on leaks and rumors out of the supply chain. In addition to new iPhone models, we may see a few other goodies from the Cupertino, Calif., company, as well.
Netflix Preps Launch in The Netherlands This Week
Netflix is expected to launch in The Netherlands this week, the latest addition to the streaming service's global roster. Netflix's international stable encompasses more than 40 countries, including Canada and Brazil. CEO Reed Hastings is due in Amsterdam this week.
Aereo CEO Mulls Move Into Personalized TV News
Crain's New York
Aereo is focused on innovation, not lawsuits, according to founder-CEO Chet Kanojia. He talks of a possible move into "individualized" news programming that could make use of Aereo's one-to-one technology. The news product currently on TV "is not compelling."
Hulu, ABC Testing Programmatic Video Ad Selling
GroupM's trading desk buying division Xaxis plans to announce Xaxis TV, a new offering aimed at bringing more TV-style metrics to web video. To kick things off, Xaxis has inked exclusive deals allowing it to purchase video ad inventory from Hulu, Viacom and ABC.
Yahoo Seeking Programmatic Upfront Ad Deals
AOL isn't the only big portal throwing a so-called "programmatic" upfront. Yahoo is said to be quietly pitching agencies in recent weeks on a way to buy premium ad inventory through an automated system in exchange for an upfront commitment of $5 million.
Google Sued for Sharing Data with App Developers
Apple Near Deal to Ship iPhones to China Mobile
Wall Street Journal
Apple is said to be preparing to ship iPhones to China Mobile, an arrangement that would significantly increase the tech giant's distribution in the world's biggest smartphone market. A deal would cap years of negotiations between the two companies.
Microsoft Launches Xbox Music on Web for Free
Microsoft is making its Xbox Music streaming service available for free on the web — even to those who don't use Windows 8. The expansion is intended to bring new customers into the software giant's ecosystem and could help it compete with Pandora, Spotify and iTunes.
Twitter IPO Chatter Stirs After Fox Business Story
Twitter spokeswoman Carolyn Penner replied to a Fox Business inquiry about a potential IPO with simply: "..." The message prompted Fox Business to run a story headlined: "Twitter Confirms IPO — Or Maybe Not." CEO Dick Costolo later took to Twitter to exclaim: "#! @?"
Facebook Unveils Tools for TV, News Social Talk
New York Times
Facebook is releasing two new search tools designed to give news organizations — and potentially, marketers — more insights into the real-time social conversation occurring on the social network, particularly around TV shows, big news and sporting events.
Yahoo News Taps New York Times Journo as Editor
Yahoo News has hired Megan Liberman, deputy news editor of the New York Times, as its new editor in chief. At the New York Times, Liberman "drove some of the most successful digital initiatives, from its blog network to Nate Silver’s multi-platform presence."
AOL's TechCrunch Apologizes for Explicit Apps
New York Post
TechCrunch's hackathon turned into a wackathon, thanks to a pair of scandalous up-and-coming app makers. The AOL-owned tech blog found itself apologizing after its high-profile conference for Silicon Valley turned into a real "boobfest," thanks to two presentations.
AllThingsD Tech Blog Journos Eyed by Comcast
Kara Swisher and Walt Mossberg reportedly have an offer from Comcast to start a venture to compete with AllThingsD, which will involve appearances on CNBC. The two journalists also are rumored to be in talks with the Washington Post and its new owner, Jeff Bezos.
Mashable, Mental Floss Enlisting Journos for Ads
Many publishers embracing sponsored content defend the integrity of their ad/edit walls by creating teams apart from their newsrooms. But some publishers are allowing their editorial staffs to write stories for advertisers, arguing that it affords a more authentic experience.
Yahoo's Mayer Criticized as New Logo Falls Flat
Yahoo CEO Marissa Mayer appears to have taken direct charge of the redesign of the company's logo. "I love brands, logos," the CEO said. But, "I'm not a pro." Such micromanagement has been feared. "She should have recognized that this wasn't one of her core strengths."
Google Argues for Right to Scan Gmail Accounts
Attorneys suing Google say the firm violates privacy by electronically scanning the contents of people's Gmail accounts and then targeting ads to them. But Google argues that "all users must necessarily expect that their emails will be subject to automated processing."
Apple Tests iPhone Screens as Large as Six Inches
Wall Street Journal
As Apple prepares to unveil both a new high-end iPhone and a cheaper version for the first time next week, it is already working on something bigger. The tech giant is said to have begun evaluating a plan to offer iPhones with screens as large as 6 inches.
'Netflix for Books' Debuts, Offers Unlimited Reads
Could Oyster be the Netflix for books? It's the question many have asked since October, when the New York City startup received $3 million in funding. With Oyster, subscribers get unlimited digital access to more than 100,000 books on their iPhones for $9.95 a month.
Cheezburger Names Yahoo Veteran Operating Chief
Cheezburger, the humor site famous for LOLcat photos, has hired former Yahoo and Microsoft exec Scott Moore as president and COO. Moore will be "responsible for extending the Cheezburger brand, as it becomes a major player in digital media and entertainment."
BuzzFeed Touts More U.S. Users Than AOL, Craigslist
BuzzFeed CEO Jonah Peretti has sent a memo to employees about the company's growth, boasting impressive numbers. BuzzFeed has some 41 million U.S. users, bigger than Craigslist or AOL. "By this time next year we should be one of the biggest sites on the web."
FilmOn TV Service Halted in Win for Broadcasters
Fox, ABC and other broadcasters won a significant court battle when a federal judge shut down online TV service FilmOn in much of the United States until a lawsuit on the issue is resolved. FilmOn allows users to watch live TV programs on computers and mobile devices.
YouTube to Live Stream New York Fashion Week
YouTube will air live online coverage of the 2013 Mercedes Benz Fashion Week events in New York City from Sept. 5 through 12, bringing the latest fashions and trends to the world. "Experience Fashion Week from all angles, with live streams, across every screen."
Yahoo Operating Chief Under Pressure to Deliver
Yahoo COO Henrique De Castro is said to be feeling increasing pressure to deliver better advertising results, as the exec has found himself on the outs with CEO Marissa Mayer. There even has been talk that De Castro could be gone by the end of the year.
Twitter: Topsy Becomes Search Engine for Tweets
Search Engine Land
Social search and analytics provider Topsy has announced that users can now search its index for every single tweet ever published since the inception of Twitter in 2006. This capability is very useful and likely makes Topsy an acquisition target — probably by Twitter.
Google Glass Could Be $3-Billion-a-Year Business
Google Glass should be worth $3.27 billion in 2017, said one analyst who has been wearing the device and showing it to investors. Glass should be able to make money via additional searches, better targeting from increased data collection and revenue share from app sales.
Facebook Under Fire for 'Sponsored Stories' Ads
Los Angeles Times
Privacy watchdogs want U.S. regulators to block proposed changes to Facebook policies that they say would allow the company to use the names and images of its 1.2 billion users without their consent to endorse products in ads. Facebook insists that it is not changing its policies.
Google Celebrates 15th Anniversary in September
September marks 15 years since Larry Page and Sergey Brin set up a small web crawler from a garage in Silicon Valley, which went on to become the biggest search engine in the world. The site was originally called BackRub, but was changed in 1997 to Google.
Yahoo Unveils New Logo Amid Overhaul by Mayer
Yahoo has adopted a new logo for the first time since shortly after the Internet company's founding 18 years ago. The redesigned look is part of a makeover that Yahoo has been undergoing since the company hired Marissa Mayer as CEO 14 months ago.
Samsung to Release $300 Galaxy Gear Smartwatch
If your dream is to look like Dick Tracy, you're in luck. The Samsung Galaxy Gear smartwatch, to be released in the United States in early October, will notify users of incoming emails and messages, shoot photos and videos, and make voice-activated phone calls.
Twitter Eyes $15 Billion Public Offering in Early 2014
Twitter has begun laying the groundwork for an IPO next year in which the tech phenomenon could be valued at up to $15 billion. Management at the microblogging site is expected to select several investment banks in the coming weeks to handle a bumper listing next year.
Apple TV New Version Likely On Its Way to Launch
September means the arrival of new iPhones. But what else does Apple have up its sleeve? A report from a global shipping intelligence platform company suggests that a new Apple TV might be headed our way. Apple typically updates Apple TV devices every 377 days.
Netflix: Jodie Foster Directs 'House of Cards' Episode
Jodie Foster is said to be set to direct a season 2 episode of the Netflix political thriller "House of Cards." While the streaming service declines to comment, sources say Foster is already on location in Baltimore, where the Emmy-nominated drama is in production.
Vevo Hires Nielsen Digital Exec as Revenue Officer
Vevo has a new sales boss, Jonathan Carson, who was just brought on as the music video distributor's chief revenue officer. Carson spent the last several years as CEO of Nielsen's digital practice, where he helped the TV measurement firm with the tracking of digital media.
Yahoo Hires Former AOL Exec to Run Ad Business
Yahoo has tapped Ned Brody, who held a number of titles for AOL during the last decade, to run its ad sales for North America and South America. The announcement ends months of speculation that Yahoo CEO Marissa Mayer's team was working to bring Brody to the company.
Twitter Taps Google Ad Director to Lead Growth
Twitter has hired Google display ad product management chief Christian Oestlien, according to sources, in an attempt to kickstart its international growth efforts. Twitter has lacked a true growth head during the past year since the exit of former VP of growth Othman Laraki.
LinkedIn Offers to Sell $1.15 Billion Worth of Stock
LinkedIn has filed for a $1 billion secondary offering, saying it wanted the money for working capital, fuel for international expansion, infrastructure funding and potential acquisitions. The business networking company will continue to be controlled by its founders and leaders.
Google: Next Android Called 'KitKat' in Nestle Deal
Google has announced that the new version of its Android mobile operating system will be called KitKat, licensing the name from Nestle. Google says that the idea for branding Android 4.4 was developed internally, and that no money was spent either by Google or Nestle on the deal.
Microsoft: Nokia CEO Top Choice to Replace Ballmer
New York Post
Microsoft is paying $7.2 billion for Finnish phone-maker Nokia, headed by Stephen Elop, in a deal that brings him back to his former company, where he once ran the Office division. According to analysts, Elop is the odds-on favorite to replace departing CEO Steve Ballmer.
Amazon Bundles Print, E-Books in New MatchBook
Kindle MatchBook is the name of a new program through which Amazon customers will be able to buy e-copies of books they have already bought in hardcover or paperback. The most expensive titles will sell for $2.99; the rest will be $1.99, 99 cents or, in some cases, free.
Spotify Sued by Ministry of Sound Over Copyrights
Ministry of Sound has sued Spotify for copyright infringement, claiming the streaming music company has refused to delete users' playlists that copy its compilation albums. The dance music brand wants Spotify to remove these playlists and permanently block others.
Microsoft in $7.17 Billion Deal for Nokia Devices
Microsoft is buying the majority of Nokia's cell phone unit for $5.0 billion and spending another $2.18 billion to license Nokia's patent portfolio for a total of $7.17 billion. Going forward, Nokia plans to focus on its businesses making cellular networking equipment.
Hulu Adds CBS 'Good Wife' Drama to Pay Service
Hulu has added CBS' "The Good Wife" to its subscription-based service, Hulu Plus. All four seasons will be available. "Good Wife" premiered on Amazon Prime Instant Video in March and is also slated to debut on the Hallmark Channel and broadcast stations next year.
Vevo Moves Into Germany Without Partner YouTube
Vevo is about to take a step into the unknown by launching its service in Germany without YouTube as a partner. The music video site will announce a licensing deal with Gema, the German publishing rights collecting society that is locked in a bitter dispute with Google's YouTube.
Vimeo Teams Up with Toronto Int'l Film Festival
Wall Street Journal
Indie filmmakers unveiling their movies at the Toronto International Film Festival will have a new option to get their films seen: Vimeo on Demand. The pay-per-stream platform is offering $10,000 to filmmakers who agree to feature their movies exclusively on the site for 30 days.
Netflix Competitor from Target Stores Nears Launch
Target's answer to Walmart's Vudu, Apple's iTunes and Netflix is preparing to launch. Employees at the retailer have been told that Target Ticket, as the service is called, will soon be offered to consumers, allowing them to rent and purchase digital copies of movies and TV shows.
Facebook Gearing Up to Show Video Commercials
San Jose Mercury News
While Facebook hasn't announced any plans, the Internet industry is abuzz over reports that the social network may soon be showing video ads from major consumer brands. "Facebook will be able to offer a TV-like video ad with similar or greater reach than broadcast TV."
Yahoo Braces for Ad Declines Despite Traffic Boost
Yahoo may have topped Google in U.S. traffic in July for the first time in two years, but that won't necessarily improve its ad results. The quality of advertising on the web portal's home page continued to deteriorate through the first half of the third quarter, said Macquarie Securities.
Twitter General Counsel Leaves Before Potential IPO
Twitter's top lawyer, Alexander Macgillivray, is leaving the social website as it gears up for a potential initial public offering. Macgillivray, who was poached from Google in 2009, will continue to serve as an adviser as he explores opportunities outside of the company.
Google Co-Founder's 'New Lover' Bashed Online
Amanda Rosenberg, described as the "new lover" of Sergey Brin, has found herself the target of abuse online after news emerged of her alleged affair with the married Google co-founder. A former boyfriend said Rosenberg "knew the power of her womanly ways."
Twitter Hires ESPN Veteran to Spearhead Sports
Twitter is said to have hired Geoff Reiss to build out the company's sports business and partnerships. Reiss is the former CEO of the Professional Bowlers Association. He previously oversaw the creation of ESPN SportsZone, which later became ESPN.com.
Apple's Next-Gen iPhone Due Out Next Tuesday
On Sept. 10, Apple will host an event to present this year's new iPhone, which will be an upgraded version of last year's iPhone 5. A lower-end model will also release alongside the standard model. The lower-end edition will be encased in different colors of plastic.
Google Glass: 'Zero Chance' of Going Mainstream
Silicon Valley Business
Google Glass has been gaining both fans and detractors. One influential Silicon Valley figure can now be added to the "hater" column — Khosla Ventures' Keith Rabois. Asking people to "voluntarily" wear glasses makes "no sense at all," said the former Square COO.
Facebook Tests 'Trending' Section in News Feed
Wall Street Journal
Two months after rolling out hashtags, Facebook is experimenting with new ways to make them useful. The social network has begun testing a "trending" topics section in its home-page news feed. The section showcases topics that are currently popular on the site.
Twitter Service Lets Users Make Tweets That Expire
Former Twitter developer Pierre Legrain has come up with Twitterspirit, a service that lets users set an expiration time for their tweets with a simple hashtag. Twitterspirit gives users more control over how long they want their tweet to live. "Think of it as a Snapchat for Twitter."
Microsoft Xbox Spinoff Seen Likely as CEO Exits
After 13 years of declining value, some Microsoft investors want Steve Ballmer's replacement to take bolder steps to reverse the slide at the software giant. That could mean spinning off the Xbox video-game business. Ballmer's retirement "may clear the way."
Aereo Coming to Google's Android in September
Aereo plans to launch its product on Android devices in September, said CEO Chet Kanojia. The upstart TV service had originally hoped to roll out an app for Google's operating system late last summer. The exact announcement date has yet to be determined.
Microsoft Said to Mull Investment in Foursquare
Microsoft and American Express are said to be vying to take an equity stake in Foursquare. The two companies are competing to invest in the social media service rather than cooperating on a joint bid. Foursquare is also talking with others about a possible investment.
Yahoo Needs More Than Big Traffic, Experts Say
Yahoo may have reclaimed the top spot in traffic rankings, but experts say the web portal has a long way to go before it has demonstrated that the changes made by CEO Marissa Mayer are turning the business around. "User engagement and ad-revenue growth are critical."
Google Transfers 'Girlfriend' of Co-Founder Brin
New York Post
Amanda Rosenberg, the woman who is said to be at the center of the split between Sergey Brin and his wife, will no longer be working side by side with the Google co-founder. "They moved her out from under his supervision." Rosenberg worked on Google Glass.
Reddit Says Warner Bros Didn't Goose Comments
Reddit is looking a little red-faced after alleging that Warner Bros. tried to game comments about the new film "Getaway" on the social news site. "After further investigation, we found that neither Warner Bros. nor any of their employees was involved in this activity."
Twitter Dodges Hackers of New York Times Website
While the New York Times had visitors to its site redirected this week by hackers, Twitter was better able to deflect attacks because of a simple tool called a registry lock. The feature notifies website managers of attempts by intruders to tamper with critical information.
Twitter Acquires Social TV Data Company Trendrr
Twitter has acquired Trendrr, which tracks and analyzes TV-related social media data. The move underscores the growing importance of TV-viewing data for social media companies. "What makes Twitter uniquely compelling is its connection to the live moment."
YouTube: More Shoppers Use Video for Research
Amazon is where everyone goes for their product reviews, right? Well, not exactly. More and more, users are flocking to YouTube over Amazon for all of their pre- and post-purchase discussions. On YouTube, any product can be reviewed. There are no limits.
Netflix Expands Comedy Lineup with Ansari Special
New York Times
Aziz Ansari's "Buried Alive," based on his tour of the same name, will make its Netflix debut Nov. 1. It will be the biggest stand-up special distributed by Netflix to date, in much the same way that "House of Cards" was the service's first high-profile original drama.
Press+ Aims to Help Make Online Video Profitable
Press+, which provides paywalls for the websites of several leading newspaper chains, has launched a new product to enable entertainment and news companies to charge for their online videos. Press+ was co-founded by Steve Brill, creator of CourtTV.
Facebook Expected to See Big Gain in Mobile Ads
Facebook will see its share of global mobile advertising revenue reach 15.8% this year, up from 5.3% last year, according to a revised forecast from eMarketer. In a June forecast, eMarketer projected that Facebook would capture 12.9% of global mobile ad revenue.
Myspace Attracts Ads with New Focus on Music
Despite a total site reinvention, and the, er, sexy backing of Justin Timberlake, Myspace is still struggling to regain its former glory. The site is attracting big advertisers, however, and their faith in the once-reigning social network appears to be paying off.
AOL Hires Creator of Associated Content Platform
Luke Beatty, who created the Associated Content crowdsourcing content platform and later sold it to Yahoo, is taking a key job at AOL as head of strategic partnerships. It will be a new position for AOL. Beatty is one of several hires of well-regarded execs of late.
Google Co-Founder Brin Said to Split from Wife
Google co-founder Sergey Brin and 23andMe co-founder Anne Wojcicki, one of Silicon Valley's most high-profile couples, are living apart. A spokesman for both confirmed that "they have been living apart for several months. They remain good friends and partners."
Amazon Unlikely to Buy Groupon, Analyst Says
Groupon is building warehouses for its physical goods business, creating competition for bigger rival Amazon. The move has led some to speculate that the push to bring Groupon's delivery in-house could make the company a potential acquisition target for Amazon.
HuffPost Live Streaming Network to Go Global
HuffPost Live, the Huffington Post's live-streaming network, is adding a new editorial element — called The WorldPost — in a bid to expand its global coverage. HuffPost Live will now focus on "world coverage," including "stories sparking conversations around the globe."
Thrillist CEO: Building a Media Business is Tough
Thrillist CEO Ben Lerer: "Building a really big digital media business is tough. For us, we have this great audience. There's an opportunity to not just rent the relationship we have with them to advertisers but also to augment our revenue by selling products."
Apple TV Adding Vevo, Disney, Weather Channel
Apple has released a handful of new apps for its Apple TV set-top box. As has been rumored for some time, Vevo is among the new additions. A just-launched app allows viewers to stream from a library of 75,000 music videos in high definition and on demand.
Hulu Partners with Lionsgate for Original Series
Hulu has teamed up with Lionsgate Television to create 10 episodes of "Deadbeat," a comedy about a medium who helps ghosts, for its 2014 lineup. In addition to Netflix's popular "Orange is the New Black," Lionsgate is the studio behind hits like AMC's "Mad Men."
Amazon Greenlights Kids Show Pilot from Electus
Amazon announced that it has greenlit two new pilots, one from Electus and one from the creator of "X Files." "We are incredibly excited for our first initiative with Amazon, and we look forward to inspiring the next generation of makers," said Electus exec Drew Buckley.
TiVo Profit Recipe: Persistence, Plenty of Lawyers
Wall Street Journal
TiVo came early to the DVR business, but soon found its product being replicated by many in the cable industry, as well as new entrants from the Internet. One response to this was to sue companies it considered to be in breach of its intellectual property rights.
Facebook's Latest Insider Sales Raises Eyebrows
Two of Facebook's highest-ranking officers, including Sheryl Sandberg, have made large sales of their stock in recent weeks as the company's shares recovered to their IPO price — and even crossed the $40 mark for the first time since the controversial debut.
Apple: Video of Next-Generation iPhone Surfaces
New York Post
A video has surfaced that purports to show the housings of the rumored Apple iPhone 5S, including the new gold device as well as a sky blue model made of plastic instead of aluminum. The video is the latest in a string of leaks that have emerged.
Samsung Smartwatch to Be Unveiled Next Week
The smartwatch race begins next week. After months of leaks, Samsung has confirmed that it plans to announce its Galaxy Gear smartwatch at the annual IFA tech tradeshow in Berlin on Sept. 4. "The Gear will add meaningful momentum to the mobile industry."
Twitter Hires Commerce Chief to Add Shopping
Twitter has hired Nathan Hubbard, former president of Ticketmaster, as its first head of commerce, part of a push to enable shopping via short postings on its social website. Twitter is seeking new sources of revenue as it prepares for a potential IPO.
Pinterest Unveils Hub for New York Fashion Week
New York Fashion Week begins next Thursday, and fashion brands and media outlets won't be the only entities competing for eyeballs. Pinterest has created a hub offering images and videos from partners such as Michael Kors, WWD and Lucky magazine.
Amazon Publishing Executive Accused of Assault
New York Post
Laurence J. Kirshbaum, chief of Amazon.com's publishing division, allegedly assaulted his former girlfriend and coworker when she came to him for a new job, according to a graphic new lawsuit. Kirshbaum "twice thrust himself" on editor Teresa Ellen McCoy in 2010.
Yahoo Sites to See Fresh Redesigns, Native Ads
Yahoo has redesigned several big sites, like Yahoo Sports and Yahoo Movies, to look more like the Yahoo home page. The company is also extending advertiser access to Stream Ads, the mobile-friendly "native" advertising format it introduced earlier this year.
Pew: U.S. Broadband Access Growing But Unequal
Almost 90% of college graduates have high-speed Internet access at home, as do households earning more than $75,000. Compare that to only 37% of those who have not completed high school, as well as 54% of households with income less than $30,000.
Google Reels In Its Chromecast Internet-TV Device
A developer has complained that Google intentionally blocked an app created to let people stream to the Internet giant's new Chromecast TV device directly from their mobile phones. Chromecast, the developer said, "will probably not be indie developer friendly."
Facebook to Pay $20 Million Settlement Over Ads
A U.S. judge has granted approval to Facebook's $20 million settlement of a lawsuit over targeted advertising despite objections that the deal did not go far enough to protect children's privacy. The "Sponsored Stories" program shared user "likes" of advertisers.
Apple to Launch iPhone Trade-Ins in September
Apple has begun sharing with retail employees the details of a new program that will allow Apple Store customers to trade in their used iPhones for credit toward a new one, according to reports. The program is currently scheduled to go live in September.
Google Glass: Through the Eyes of Early Users
Among the people testing Google's wearable computer are teachers, dentists, radio disc jockeys and even a zookeeper. The favorite feature, according to some early users, is the hands-free camera that shoots photos and video through voice commands.
Yahoo Buys IQ Engines Image Search Tech Startup
Yahoo has acquired IQ Engines, an image search specialty startup, to add the company's technology to its Flickr photo service. IQ Engines is known for software that analyzes, sorts and categorizes images using techniques including facial recognition.
Roku Hires News Corp Veteran for Marketing Job
Matthew Anderson has been named the first chief marketing officer at Roku after serving as advisor at the streaming video specialist for the last year. Anderson previously served as group director, strategy and corporate affairs, Europe and Asia, at News Corp.
Netflix Content Chief Sarandos Upends Hollywood
Los Angeles Times
As the industry's newest deep-pocketed buyer, Netflix chief content officer Ted Sarandos has the clout to lead the transformation of TV. Ratings, he insists, are irrelevant for a company that neither courts advertisers nor collects fees for cable or satellite TV subscribers.
Intel Media Opens LA, New York Offices in TV Push
Intel said its media arm is opening offices in New York and Los Angeles, as the company pushes ahead with an Internet TV service it plans to launch later this year. Setting up shop in Los Angeles and New York will bring Intel closer to the major TV networks.
Google Buys Stake in Cars-on-Demand App Uber
Uber, whose app allows users to book taxis and car services in real time, has raised $258 million in new financing, led by Google Ventures, the firm's largest ever deal. The funding suggests ambitions to provide on-demand delivery of a range of goods and services.
Apple Battles U.S. Over E-Books Injunction Scope
The United States has offered to ease the terms of a proposed civil injunction against Apple for conspiring to raise the prices of e-books. But the tech giant insisted the revised proposal is still designed to "inflict punishment" and must be rejected.
Microsoft's Next CEO Likely to Be 'Fresh Blood'
The news of Steve Ballmer's departure has led to much speculation about who will take the helm at Microsoft. While plenty of names are being floated, odds are the company's next CEO is probably not anyone you would expect, according to Microsoft watchers.
Yahoo CEO's 'Unauthorized Bio' Posted Online
Marissa Mayer is "young, powerful, rich and brilliant, with Hollywood-actress good looks," according to an "unauthorized biography" by Business Insider's Nicholas Carlson. Within her industry, she is "robotic, stuck up and absurd in her obsession with detail."
AOL's Analysts Bullish Despite a Bad 'Patch'
Crain's New York
The mass layoffs at Patch — and the off-the-cuff firing of an employee during a conference call — suggested that CEO Tim Armstrong and his plans were coming undone. But despite the public-relations disaster, many analysts remain bullish on the company.
Amazon Server Problem Takes Down Instagram
Amazon's unit that runs web servers for other companies had problems Sunday that coincided with outages or slowdowns on several popular websites. Services that were slow or unavailable included Instagram and Twitter's Vine video-sharing app.
Twitter Top Users in Jakarta Paid by Advertisers
Jakarta is said to be the world's tweet capital, and advertisers eager to reach the under-30 crowd are paying popular Twitter users to spread their word, starting at about $21 per tweet. Indonesia is unusual because advertisers are paying Average Joes.
Microsoft Says CEO Ballmer to Retire in 12 Months
Microsoft CEO Steve Ballmer plans to retire within the next 12 months. The software giant did not name a successor in its announcement. Ballmer, 57, joined Microsoft in 1980. He became founder Bill Gates's sounding board and succeeded him as CEO in 2000.
Hulu Adding 'Fraggle Rock,' Jim Henson Shows
Los Angeles Times
Hulu has added Jim Henson family shows to its offerings, including the classic 1980s children's TV series "Fraggle Rock." Children's TV shows are an important draw for parents who turn to online video services to provide commercial-free content for their kids.
Netflix Praised, TV Networks Criticized by Spacey
TV has entered a "third golden age," with the small screen now home to high-quality drama, said Kevin Spacey, the first actor to deliver the prestigious MacTaggart address at the Edinburgh Television Festival. He criticized TV networks and praised Netflix in his remarks.
Syncbak Dragged Into Court in TV Mobility Battle
Des Moines Register
Iowa-based Syncbak has developed an app that livestreams TV signals through the Internet. The company has been dragged into a legal fray with broadcasters by Aereo, another TV-tech startup, which has subpoenaed documents related to Syncbak's backing by CBS.
Yahoo CEO Eyes Deals with Couric, Conde Nast
Yahoo CEO Marissa Mayer is said to be personally shepherding a deal for a web interview show by TV personality Katie Couric, to run on the Internet portal's home page. In addition, Mayer has met with Conde Nast for "some kind of content deal" with Vogue magazine.
Google Unveils Help-for-Cash Video Chat Service
Google has quietly launched a website for Google Helpouts, a new peer-to-peer video chat helpline service. Anyone can sign up to receive or provide help, and providers can make money off chat sessions. Google will take a 20% cut of charges by the providers.
YouTube Signs International Music Licensing Deal
YouTube has signed a licensing deal with PRS for Music, the body responsible for collecting royalties for U.K. performers. The license covers the use of music by 100,000-plus musicians in more than 130 territories across Europe, the Middle East and Africa.
Pandora Internet Radio Ends 40-Hour Mobile Limit
Some six months after capping free mobile listening at 40 hours, Pandora said it will allow listeners to keep the music going as long as they like without a fee -- mostly because the popular Internet radio service has found other ways to crimp how long users tune in.
Amazon Tests a Wireless Network as Web Gateway
Amazon is said to have tested a new wireless network in Cupertino, Calif., that would allow customers to connect devices to the Internet. "Given that Amazon's becoming a big player in video, they could look into investing into forms of connectivity."
Apple: Icahn Tweets Dinner Plans with CEO Cook
Carl Icahn said he has spoken to Tim Cook and will be having dinner with the Apple CEO to discuss the "magnitude" of a stock buyback. The billionaire investor tweeted: "Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one."
Facebook, Gannett Unit Enter Deal for Mobile Ads
Facebook and Gannett-owned PointRoll are expected to announce an agreement that will bring more rich media ads to the social network's mobile news feed. "What's great about this is that it maintains the feel of Facebook," said PointRoll exec Todd Pasternack.
Yahoo Beats Google for First Time in Two Years
Yahoo sites were the most visited in the country in July, for the first time in more than two years, according to comScore. The No. 1 spot is a notable win for Yahoo CEO Marissa Mayer, who has made a number of changes since taking over the troubled company last July.
Apple in Talks with Media Giants for TV Content
Apple is said to be negotiating with production studios and networks to provide content for a television set that would emphasize apps over cable TV. Among the companies that have talked to Apple are Disney's ESPN, Time Warner's HBO and Viacom.
YouTube Network Maker Studios Acquires Blip
Maker Studios, one of the biggest YouTube networks, has entered a deal to acquire Blip, a video maker and distributor. Like many programmers on Google's video site, Maker has been trying to figure out how to make money beyond the ad dollars it generates via YouTube.
Yahoo to Offer 1,000-Hour Binge of Web Video
Yahoo will make more than 5,000 videos available en masse on Sept. 9. The trove includes the full library of "Saturday Night Live." The move resembles Netflix's approach to original programming, where full seasons of original shows await hungry binge viewers.
Netflix Adds 'My List' Feature for Personalization
Netflix has introduced a feature it said will make sorting through content on its streaming media service easier. The new My List allows users to add content to a personalized list for viewing later. My List will sort that content automatically. "Our technology will go to work."
Facebook Makes Big Push Into Real-Time News
Facebook has made a push to become a primary source of real-time news, both for journalists and readers. The social network opened post embeds to a few partners last month. Now anyone can embed public posts on external websites. "Facebook is chasing Twitter."
Twitter Aims to Avoid Facebook Mistakes in IPO
New York Post
Twitter insiders said the company has learned from Facebook's mistakes leading up its much-ballyhooed — and ultimately botched — IPO. The microblogging service is planning safeguards, such as going public while the company is still in its hyper-growth phase.
Yahoo Hires TV Veteran to Run Europe Business
Dawn Airey, former chairman and CEO of U.K. commercial TV broadcaster Five, has been named to run Yahoo's operations in Europe. Airey's expertise in commercial TV will be valuable as Yahoo seeks to capitalize on the growth of online video advertising.
Google CEO Talks TV Package with NFL Commish
Could Google buy the rights to the NFL's Sunday Ticket package? Google CEO Larry Page and YouTube exec Robert Kyncl are said to have met with a delegation from the NFL led by commissioner Roger Goodell. The Sunday Ticket package reportedly was discussed.
Netflix Expands Film Licensing Deal with Weinstein
Netflix has expanded on a deal with the Weinstein Co. that will add more films to its service. The deal gives Netflix the rights to show Weinstein movies before they appear on pay TV, making the Internet video company more competitive with HBO and Showtime.
Vevo in Music Video Deals with Apple, Samsung
Wall Street Journal
Vevo has signed deals to deliver on-demand music videos — plus a new channel of original, 24-hour-a-day programming — via Apple TV set-top boxes and Samsung televisions. Vevo has said it hopes eventually to launch its own channels on cable TV.
Apple iTunes Radio to Debut with Top Marketers
iTunes Radio, Apple's answer to Pandora, is said to be preparing to debut next month with a handful of high-profile brand partners, including McDonald's, Nissan, Pepsi and Procter & Gamble. Some of the deals reportedly reach into tens of millions of dollars.
Google Glass Eyed by Federal Trade Commission
Edith Ramirez, head of the U.S. Federal Trade Commission, said she is keeping a close watch on Google Glass and other wearable computing devices for potential privacy violations. "It's important for companies to be thinking hard about privacy and security."
Facebook Aims to Lower Internet Access Barriers
New York Times
Facebook has announced an effort, called Internet.org, aimed at drastically cutting the cost of delivering basic Internet services on mobile phones, particularly in developing countries, where the social networking giant and other tech companies need to find new users.
Twitter Courted by Banks Seeking IPO Business
New York Post
Banks are said to be lining up to score the plum assignment of leading Twitter's hotly anticipated public offering. The $10 billion social-messaging platform has held informal talks with Wall Street firms — the first step toward an IPO that could come within months.
TiVo's New DVRs to Take TV Streaming on the Go
TiVo has flexed its interactive TV muscles again. Three new Roamio digital video recorders going on sale aim to transform home TV viewing by integrating Net video favorites such as Netflix and Amazon into a DVR that can record up to six programs simultaneously.
Amazon Loses $66,240 a Minute Amid Site Outage
Amazon went down for about 30 minutes on Monday, preventing shoppers from accessing the site via Amazon.com, mobile and Amazon.ca. The outage is estimated to have cost the company $66,240 per minute – or nearly $2 million – based on 2012 net sales.
CNET Founder to Sell Off Mansion in Bankruptcy
Halsey Minor, a tech pioneer once worth up to $1 billion, plans to sell off his sprawling Los Angeles mansion for a fraction of what he paid, three months after he filed bankruptcy. Minor founded CNET, a TV network and web brand focused on software and technology.
LinkedIn to Open Service to High School Students
LinkedIn will soon open up its online professional networking service to high school students, as part of an effort to help steer their collegiate careers. Effective Sept. 12, the new minimum age to create an account will range from 13 years old to 16 years old.
Twitter Offers 'Related Headlines' to Newsy Tweets
Twitter has launched a "related headlines" feature, designed to add color to newsy tweets. Now, when a tweet is embedded in a news article, the headline is appended to the tweet's permalink page, providing viewers with a clickable list of sources for more information.
Google Pushes Release Date of Eyewear to 2014
Google has backed away from earlier projections that its Glass wearable computer would ship later this year. The company now acknowledges that Glass won't ship until 2014. A Google spokesman said: "We're always adjusting and readjusting timelines."
Apple Preps Two Models of iPhone for September
Wall Street Journal
Apple is said to be planning to have its main manufacturing partner in China begin shipping two new iPhone models in early September. The company hopes to ship a new high-end version of the iPhone as well as a lower-end version for emerging markets.
Groupon Unveils Partner Network for Internet Ads
Groupon has introduced a global affiliate program to distribute its deals more widely, hoping to compete with major ad platforms from companies such as Google and Yahoo. The Groupon Partner Network lets website publishers make money by running ads for deals.
Pinterest Offers First Look at J.Crew Fall Catalog
J.Crew's at-home catalog subscribers won't be the first to glimpse the brand's September issue. That honor will fall for the first time to the company's Pinterest followers. J.Crew could be the first clothing brand to debut its catalog on the image-based network.
Craigslist Gets Court OK to Block Data Scraper
Craigslist has won another victory in a court fight over who can use the public data found on the classified advertising giant's website. A federal judge said that Craigslist can invoke an anti-hacking law to stop startup 3Taps from gaining access to its site.
CNET Recycles Positive Editorial Reviews as Ads
In April, CNET reviewed the Samsung Galaxy S4 smartphone, giving the device a mostly positive review. Eight months later, the review is now part of a new advertising product CNET sold to Samsung, which purchased the right to promote the editorial review.
Twitter Lures Top Google Exec for Entertainment
Twitter has hired Jennifer Prince, formerly Google's head of media and entertainment ad sales, to pitch new ways movie and TV marketers can use the social giant's platform. Prince will lead Twitter’s entertainment sales, based in Santa Monica, Calif.
Hulu to Stream Films from Scorsese's Foundation
Martin Scorsese's World Cinema Foundation has announced that eight of its rare film restorations are coming to Hulu, by way of a partnership with the Criterion Collection. The first film available for streaming is "The Housemaid," from South Korea.
HuffPost Live Eyes More Scheduled Programming
As HuffPost Live enters its second year, the fledgling video news network may look to establish a web version of appointment TV with more regularly scheduled programming — just like traditional TV. HuffPost will be "playing around with a set time" for certain programming.
Google Outage Said to Cause Internet Traffic Drop
Worldwide Internet traffic plunged by around 40% as Google services suffered a complete blackout on Friday, reflecting the company's massive grip on the web, according to web analytics experts. Google said all of its services went down for between 1 and 3 minutes.
Yahoo Names Webb Chairman in Turnaround Push
Yahoo has named Maynard Webb as chairman, as CEO Marissa Mayer continues a turnaround effort of the Internet company. Webb, who joined Yahoo’s board in February 2012, was serving on an interim basis after Fred Amoroso resigned as chairman in April.
Amazon Rival ShopRunner Attracts Alibaba Stake
Chinese e-commerce company Alibaba has acquired a minority stake in U.S. online shopping network ShopRunner for $75 million. ShopRunner, which offers speedy shipping services akin to those offered by Amazon, is led by former Yahoo CEO Scott Thompson.
Facebook's Zuckerberg Is Hacked to Show Glitch
A hacker from Palestine found a glitch on Facebook that allowed anyone to post on a stranger’s wall. But when the social-networking giant ignored his warnings, he took them all the way to the top by posting about the issue on the page of CEO Mark Zuckerberg.
Twitter's Vine Unleashes New Wave of Video Stars
Vine, the Twitter-owned mobile app where six-second clips loop, has provided young adults and aspiring actors with a new video platform where they can attract instant celebrity. "Vine is mainstream among millennials. ... The Vine star is going to be the next big thing."
Google Glass Patent Hints of 'Pay-Per-Gaze' Ads
Google has been granted a patent that could potentially pave the way for advertising on Google Glass in the future. The patent outlines how advertisers could be charged according to the number of views an ad received while wearing Glass, offline and online.
Samsung to Unveil Watch-Like Phone Next Month
Samsung is said to be planning to introduce a wristwatch-like device named the Galaxy Gear next month that can make phone calls, surf the web and handle e-mails. The product will go on sale this year to beat a potentially competing product from Apple.
AOL to Lay Off 500 as 'You're Fired' Gaffe Goes Viral
A recording of AOL chief Tim Armstrong's "you're fired" outburst in an employee meeting to discuss the future of its Patch news sites was posted online and listened to more than a million times. AOL has said that about half of Patch employees will lose their jobs.
Google Sends Journos Coverage Audit by Mistake
A Google press rep sent the wrong attachment in an email to journalists, revealing what appears to be Google's news coverage goals for YouTube — including ratings of various media outlets. Ad Age, Mashable and Wired are among those that were given "A" grades.
Yahoo's Mayer Goes Glamorous in Vogue Profile
Marissa Mayer posed for an Old Hollywood-style glamour shot for the September issue of Vogue. The image sends on odd message for a CEO, regardless of gender, according to one branding expert. "It comes off as if she's relaxing while everyone else is doing work."
Survey: Millennials Pick Online Video Over Pay TV
Netflix and Amazon Instant Video appear to have won over young adults, a new survey has suggested. Millennials who still live at home said they are more likely to subscribe to an Internet video service over traditional pay TV. Online services are perceived as "more desirable."
Netflix Offers More Kids Shows in Scholastic Deal
Netflix has expanded an agreement with Scholastic Media to offer more of its TV series and video content, such as "The Magic School Bus" and "Goosebumps." The streaming-video service is continuing to bulk up on content for the next generation of subscribers.
Apple Eyed by Hedge Funds, Soros Doubles Stake
A day after investor Carl Icahn revealed his plans to build a big position in Apple, fellow billionaire George Soros disclosed that he now owns 66,800 shares of the company. The two are the latest investors eyeing Apple's nearly $150 billion in cash and investments.
YouTube's Tastemade Studio Raises $10 Million
Tastemade, a year-old YouTube studio focused on food and cooking shows, has raised $10 million in its second major financing round from venture capitalists. The funding is the latest in a string of deals related to digital channels for YouTube's massive audience.
Google Shuts Down Microsoft YouTube App, Again
A Microsoft-built YouTube app for Windows phones, shut down by Google in May and reintroduced this week, has been shut down by the Internet giant again. Microsoft "has not made the browser upgrades necessary to enable a fully-featured YouTube experience."
AOL, Yahoo Settle Over Talent Raid of Sales Exec
AOL has reached a settlement with Yahoo over the Silicon Valley giant's poaching of sales exec Ned Brody. The deal clears the way for Brody, who once headed AOL Networks, to take over the top advertising role at Yahoo, a job which has been open for some time.
Yahoo Finance Set for Overhaul in Mobile Strategy
New York Post
Yahoo Finance is next up for an overhaul as part of CEO Marissa Mayer's mobile strategy, according to sources. The company is said to be retooling its popular finance product, which delivers stock updates and money news. Finance "is getting the full mobile treatment."
Twitter Testing Feature to Highlight Live Events
Twitter has begun testing another new feature: alerts for live events that are happening nearby. The proximity-based alerts are organized around hashtags. They are one more example of Twitter’s play to be the platform of choice for discussions about all occasions.
Apple Explores iTunes 'Gifting' of Media Content
The U.S. Patent and Trademark Office has published an Apple patent application for a system that will allow users to "gift" media content — a song, e-book or video — from iTunes and their own library to other device owners. The service could be a boon for iTunes.
Yelp's Business Model at Risk by Phony Reviews
Yelp has unveiled another effort in its battle to keep its user-generated reviews credible — a new round of "Consumer Alerts" that warn readers about listings that seem suspiciously sunny. Yelp has described credibility maintenance as a major risk in its business model.
Amazon Preps Short Kindle Biographies of 'Icons'
Amazon has announced the launch of a new "Icons" series, bringing short biographies to the Kindle platform. The first title will be a biography of Jesus, out in December, with more installments to follow. The list includes Joseph Stalin and Ernest Hemingway.
Microsoft to Fund Remake of BBC Cult Sci-Fi Series
Microsoft is said to have agreed to finance a remake of the cult BBC TV science fiction series "Blake's 7" for its Xbox Live. The deal is the latest move by the tech giant to create new video programming for the Xbox, which has been repositioned as an entertainment hub.
Roku Bests Apple TV as Top U.S. Streaming Box
Roku leads as America's most popular streaming media device, penetrating 37% of homes compared with Apple TV's 24% stronghold, according to data from Parks Associates. The research firm expects connected TV device sales to hit 330 million by 2017.
Aereo Said Profitable Before 1 Million Subscribers
The controversial Aereo TV service doesn't need to have millions of subscribers to be profitable, according to founder Chet Kanojia. Aereo would have a fabulous business at 1 million registered users and an "extremely fabulous" business at 5 million, he said.
Twitter Tests 'TV Trending' Feature in Timelines
As a part of an effort to encourage users to follow tweets while watching TV, Twitter has started testing a "TV Trending" feature highlighting the most discussed shows in real time for some members. Trending shows appear as Twitter cards located at the top of the timeline.
Facebook to Test PayPal Competitor for Mobiles
Facebook is said to be planning to test a new payments product that would allow online shoppers to make purchases on mobile apps. The product would allow shoppers to make purchases on partnering e-commerce mobile apps without entering billing data.
Google to Track Users' Flights, Online Purchases
Wall Street Journal
Google has announced a new function that tracks users' upcoming flights, mail packages and online purchases, among other things, without users having to lift a finger – or leave Google. Aside from privacy advocates, the move could upset some online merchants.
Yahoo Sans Alibaba a 'Midget' Among Web Giants
Many investors own Yahoo shares "primarily because" of the company's stake in Chinese Internet giant Alibaba, according to Bernstein Research. But after Alibaba's IPO, Yahoo "will likely continue to lose revenue share. ... It is hard to be a midget in the world of giants."
AOL's Armstrong to Receive Public Service Award
Seth Myers of "Saturday Night Live" fame has been recruited by the Ad Council to host its 60th annual Public Service Award Dinner at the Waldorf Astoria in New York City this fall. The event, a fund-raiser for the organization, will honor AOL chief Tim Armstrong.
Zynga CEO Boots Three Execs in First Major Move
Three top Zynga execs will leave the company in new CEO Don Mattrick's first major move to turn around the struggling social games maker. COO David Ko, CTO Cadir Lee and CPO Colleen McCreary will be leaving to pursue "other interests," according to a staff email.
Chegg Digital Student Hub Files for $150 Million IPO
Chegg, the startup that began as an analog online book rental service and has transformed into a multifaceted digital hub for students, has filed for an IPO to raise about $150 million. The most recent valuation of the Santa Clara, Calif.-based firm was $800 million.
Twitter May Rival Reuters, Dow Jones News Wires
Carl Icahn filed a document with U.S. regulators before using Twitter to disclose his new stake in Apple. Icahn's move is a signal that Twitter could evolve into a financial news wire with the potential to take future revenue from Reuters, Dow Jones and Bloomberg.
YouTube Hijacked by Notorious Adware Company
After victimizing Facebook and the New York Times last year, the notorious ad fraud perpetrator Sambreel has returned. Sambreel has come back using alternate company names to dupe web users into installing plug ins on their computers that deliver ads on YouTube.
Apple Acquires Second Screen TV Startup Matcha
Apple's latest acquisition is said to be the recently-shut down second-screen video app Matcha.tv. The iOS app provided a comprehensive overview of most everything that is available to watch via cable TV providers, streaming video services and digital video stores.
Oracle CEO: Google Is Evil, Apple Is Going Down
Larry Ellison, CEO of tech giant Oracle, took aim at Google in an interview with Charlie Rose, calling out CEO Larry Page for overseeing the Internet giant's decision to "take our stuff." Ellison also shared his grim outlook for Apple's future. "They will not be nearly so successful."
Apple: Icahn Tweets About Stake, Chat with CEO
Activist investor Carl Icahn has taken to Twitter to note that his investment group has taken a "large position in Apple," and that he believed the company to be "extremely undervalued." Icahn also had a "nice conversation" with Apple CEO Tim Cook.
AOL's Armstrong Apologizes for Firing Employee
Tim Armstrong, making a rare public apology, sent a memo to employees saying he was sorry for the way he fired Abel Lenz, a creative director for AOL's Patch local-news business, at a meeting. "I am the CEO of the organization, and I take that responsibility seriously."
Twitter Opens 'University' with New Acquisition
Learning at Twitter just took a leap forward. After spending the last few months working with open source training company Marakana on developing an internal training and education program, Twitter has decided to acquire the firm outright and launch "Twitter University."
Facebook Says One in Three Americans Visit Daily
One out of three people in the United States visit Facebook every day, and about 24 million in the United Kingdom do the same, the company said, releasing regional data for the first time as a way of helping advertisers understand how people use the social network.
HuffPost Live: 445 Million Video Views in First Year
Arianna Huffington penned a post on Huffington Post to remind us that the site's live video offering HuffPost Live just turned 1 year-old. HuffPost Live generated more than 445 million video views in its first year, reaching some 13 million unique visitors a month.
Glam Media Raises $25 Million Ahead of Going Public
Glam Media is said to have raised $25 million in new funding. The "top up round" is described as extra cash to keep the company going while it goes through the IPO process. Glam is "No. 1 in global reach for women online," with properties including Glam and Foodie.
Bleacher Report Founder to Launch Site for Women
Bryan Goldberg co-founded Bleacher Report, a sports media company that was acquired by Turner Media last year. He is finally ready to announce his new venture, Bustle, which will cover entertainment and fashion news, written by rising female professionals.
BuzzFeed Tries to Feed on Weiner's Diminishing Buzz
BuzzFeed on Monday hosted a conversation with Anthony Weiner at a bar not far from its offices. This was the first interview in the BuzzFeed Brews series to take place in New York. Weiner chided interviewer Ben Smith: "You can do this or show videos of cats."
Lady Gaga, Katy Perry Set for Digital Song History
This week could be a historic one for digital song sales. New singles from both Lady Gaga and Katy Perry are heading for big debuts on Billboard's Digital Songs chart. Both singles are expected to sell well over 400,000 downloads by the end of the tracking week.
Live Nation Ousts Ticketmaster Head, Seeks Techie
Wall Street Journal
Live Nation is said to have pushed out president Nathan Hubbard, who has run its Ticketmaster division since 2010. Some attribute the move to the company's desire to find a Ticketmaster head with more of a tech background. The company is "seeking a tech guru."
Netflix Flexes Muscle with Big 'Breaking Bad' Ratings
Any skepticism about Netflix's clout may have been put to the rest Sunday after the AMC series "Breaking Bad" obliterated its personal-best ratings by scoring 5.9 million viewers. "That kind of growth spurt doesn't happen too often. Netflix must have been a factor."
Facebook Adds Restaurant Reservations, TV Listings
Facebook is planning changes for its mobile apps. Through an integration with OpenTable, mobile users will be able to make restaurant reservations. Also, owners of Apple devices will be allowed to get listing data on U.S. primetime TV and movie Facebook pages.
Groupon Buys Restaurant-Discovery App Plumfare
Groupon has acquired Plumfare, a restaurant-discovery app, for an undisclosed amount. Plumfare allows people to take pictures of their food and "gift" them to friends, who have the option of redeeming the offers. Plumfare takes a cut on all redemptions.
Google Poised to Become the Next Amazon in Cloud
Google's cloud division, which offers businesses web-based computing infrastructure, applications and services, could bring in $10 billion in revenue for the Internet giant, "potentially larger than YouTube," according to a note by Baird analyst Colin Sebastian.
AOL's Armstrong Invites Lawsuit from Public Firing
New York Post
After firing an employee in front of 1,000 co-workers, Tim Armstrong is not only dealing with bad publicity — the AOL CEO is also inviting a lawsuit, according to legal experts. The axed staffer "could say that the termination makes it harder for him to get a job."
Yahoo Names McKinsey Veteran to Strategy Position
Yahoo has announced that Andre Christensen will be the company's senior vice president of strategy and business operations. Previous to his new post, Christensen spent the past 12 and a half years at global management consulting firm McKinsey & Co.
Facebook Buys Mobile Technologies App Developer
Facebook's latest acquisition could help it connect users across language barriers. The social network has acquired the team and technology of Mobile Technologies, a speech recognition and machine translation startup that developed the app Jibbigo.
Twitter Forms Washington Political Action Committee
Twitter has become a member of Washington’s influence economy, with the formation of a political action committee and the appointment of its first registered lobbyist. The company said it wants to put a bigger priority on its interaction with members of Congress.
Study: Tiny Screens Are Growing in Importance
New research by Magid Advisors shows a surge in people watching not just short clips but entire TV episodes and movies on tablets and smartphones. The shift has huge implications for media and advertising businesses. "Mobile is the connected TV we all carry."
Apple Expected to Unveil New iPhone in September
Apple is expected to unveil its next-generation iPhone at a special event on Sept. 10. The launch comes as Apple's iPhone has seen its global market share dip amid a growing wave of lower-cost Android devices, as well as an intense battle with archrival Samsung.
Amazon Said to Develop Console for Video Games
Amazon could dive into the video game arena with its own Android-based gaming console, according to sources with "knowledge of the in-development hardware." The console would serve as a platform for the digital games already offered by the online retail giant.
Google, Apple Execs Talk Surveillance with Obama
President Obama is said to have hosted Apple CEO Tim Cook, AT&T CEO Randall Stephenson, Google computer scientist Vint Cerf and other top tech execs for a "closed-door meeting" about government surveillance. The meeting was "organized with secrecy."
Facebook's Sandberg Sells $91 Million in Stock
Sheryl Sandberg is leaning into a big new pile of money now that Wall Street is finally giving Facebook some love. The Facebook COO and author of the much buzzed-about book "Lean In" sold nearly 2.4 million shares of the social network's stock last week.
Twitter's Recent Moves Signal Intent to File IPO
Twitter appears to be getting ready to issue stock to the public in the wake of social media companion Facebook's return to favor on Wall Street. The investment community expects the micro-blogging service's IPO to happen in early 2014. "The S-1 could show up any time."
AOL CEO Fires Employee During Conference Call
Just a week after staffers at Cleveland's Plain Dealer were laid off over the phone, one unfortunate employee of AOL's Patch local news operation suffered an even more undignified termination: He was apparently fired by CEO Tim Armstrong during a conference call.
Twitter Counters Murdoch in Heated Aussie Election
Rupert Murdoch's crusade to oust Australian prime minister Kevin Rudd in the Sept. 7 election has given rise to a heated social media campaign, as Twitter and other digital platforms become the weapons used by some to try to outflank the News Corp. chief's "old media."
LinkedIn Becoming a Rival to Wall Street Journal
This past year LinkedIn rolled out its game-changing Influencer program, which has transformed the social network into "the world's largest business publication." Top-tier business publishers like the Wall Street Journal and the Financial Times "should be worried."
Facebook Corpse: A Grisly Turn for Social Media
A Florida man who allegedly killed his wife and then posted a photo of her corpse on Facebook dramatizes the growing power that social media offers for self-exhibition, according to mental-health experts. "Dark and gruesome" curiosity has become more mainstream.
AOL CEO Fires Worker, Plans to Cut Patch Sites
Tim Armstrong has announced plans to close or find partners for 400 of AOL's struggling Patch hyper-local news sites. In a somewhat dramatic move, the AOL CEO reportedly fired an employee who took his photo during a meeting to discuss Patch's future.
Hulu Wins New Appreciation from Disney, Fox
Disney CEO Bob Iger and 21st Century Fox head Chase Carey have confirmed their newfound appreciation for Hulu after attempting to sell the video site. During their quarterly reports, both execs discussed their interest in moving forward with Hulu.
Vevo Preps Apple TV App for 24-7 Video Channel
Music video website Vevo is said to be developing an app for Apple TV that will offer up its 24-7 music video channel. Having an Apple TV app will allow Vevo TV to sell ads made specifically for televisions. Advertisers for the online version of Vevo TV include Adidas and McDonald's.
Amazon Plans Waves of Pilots to Tap Crowd Input
Amazon Studios head Roy Price said the site will have a couple of pilot seasons every year for the public at large to check out, and the company will be keeping up an ongoing discussion with customers about new content, including previews for dedicated watchers.
Twitter Says Its Ads Make People Buy More Soap
Wall Street Journal
Twitter has starting to work with shopper-data provider Datalogix to show a detergent company, for example, how much viewing an ad on the microblogging service can boost sales. As Twitter heads towards an IPO, its credibility with big marketers can help.
Facebook Seeks to Avoid Backlash on Video Ads
Wall Street Journal
Facebook has been planning for months to enter the lucrative market for online video ads. The holdup: CEO Mark Zuckerberg doesn't want to annoy its 1.1 billion members. Facebook engineers are toiling over how to make the ads not so distracting that they alienate users.
AOL's Patch Expected to Cut Up to 550 Employees
Patch, AOL's hyper-local news effort, will lose up to 550 employees, according to a local editor at the group. Hundreds of sites in the network are expected to close in the process. The layoffs are expected to impact Patch's editorial, sales and management.
Tumblr Founder Gets $81 Million to Stay at Yahoo
Yahoo's recently completed acquisition of Tumblr included an $81 million payment to blogging service founder David Karp, as long as he remains on the job for the next four years. The retention payment was disclosed in a regulatory filing. Karp turned 27 last month.
Facebook Eyes Twitter Territory with Hot Topics
Facebook has taken another hint from Twitter and added a section on trending topics. After adopting Twitter-like hashtags, the social network announced that it will now roll out a series of features that make visible the topics people are discussing on Facebook.
Twitter Hires Stock Admin Ahead of Expected IPO
Twitter, whose management has denied IPO plans, has hired a stock administration analyst. The person who filled the position formerly handled stock grants to meet the "IPO deadline" at troubled games maker Zynga, according to her profile on LinkedIn.
Groupon Appoints Co-Founder Lefkofsky as CEO
Groupon co-founder Eric Lefkofsky has been officially named the daily deals site's CEO after serving in the role on an interim basis since the firing of Andrew Mason. The company's board said it was "encouraged by Groupon's performance under Eric's leadership."
Apple: Publishers Object to U.S. E-Book Proposal
Five major publishers have objected to tough new restrictions sought by the U.S. government against Apple for illegally conspiring to raise e-book prices. Provisions proposed by the U.S. Justice Department would instead punish the book publishers, they argued.
YouTube Founders to Challenge Vine, Instagram
New York Times
Chad Hurley and Steve Chen, who brought the world the video-sharing site YouTube, have unveiled their newest project, a video creation app called MixBit. On the surface, MixBit resembles two other leading video apps, Twitter's Vine and Facebook's Instagram.
Google Begins Highlighting Long Articles in Search
Google has begun calling out long articles in a special box above search results. But what does the Internet giant get out of the new feature? "If people are able to easily access exactly what they need, they may not have go-to publications in the same way they do now."
AOL to Shutter Nearly 300 Patch Local News Sites
AOL plans to close, sell or find partners for nearly a third of its Patch local-news websites. Of the 900 Patch editions nationwide, nearly 300 are not likely to attract enough traffic or revenue, said CEO Tim Armstrong. Nonetheless, AOL remains "fully committed" to Patch.
Thrillist Adds Travel Vertical, Expands to 65 Markets
Thrillist Media plans to launch a travel vertical and move into 65 new markets worldwide by the end of 2014. Now in 21 cities, the dude-centric media outlet, which just launched in Montreal and New Orleans, will expand to Paris, Berlin and Toronto next week.
Reddit Almost Acquired by Washington Post in 2006
Reddit co-founder Alexis Ohanian has revealed on his blog that the Washington Post almost bought the company in 2006, but the newspaper passed on the deal because of price. After the Post passed, Conde Nast swooped in to buy Reddit later that year.
Drudge Remains Major Player in Political Journalism
Matt Drudge remains a major player in the ever-moving swirl of political journalism. His website drew 6 million page views a month 15 years ago. In the last 30 days? 930 million page views. "The Internet is going to save the news business," Drudge once remarked.
Huffington Daughter Discusses Cocaine Addiction
Christina Huffington, the 24 year-old daughter of Arianna Huffington, described her seven-year cocaine addiction in a new article she wrote for Glamour magazine. In an appearance on NBC's "Today" show, Arianna said she hopes her daughter's story will help others.
Facebook Poised to Become Valuable TV Channel
Wall Street Journal
Facebook is similar to TV in terms of how people use the service, according to Piper Jaffray analyst Gene Munster. "Users spent bits of time on Facebook for entertainment. Given its similarity to TV, we believe the 15 second ad spots are a meaningful addition."
Twitter Buzz Helps Boost TV Ratings, Nielsen Says
Twitter users can increase TV ratings by sharing their thoughts while a show is on air, researcher Nielsen found. The study marks the first time Nielsen has established a link between Twitter and TV use, potentially helping the site attract more marketing dollars.
Netflix Picks Up 'Marco Polo' from Weinstein, Electus
Netflix has acquired the rights to "Marco Polo," the upcoming 13th century-set series about the legendary adventurer. The drama, from the Weinstein Co. and Electus, had previously been set up at Starz. All nine "chapters" of Marco Polo are likely to be released simultaneously.
Dish Reports Loss on Declining Customer Numbers
Dish Network reported a second-quarter loss after customer numbers fell more than projected. The second-largest U.S. satellite-TV provider lost about 78,000 customers in the quarter. The company's focus is now on its strategy for the wireless business.
Aereo in Spotlight Amid CBS-Time Warner Dispute
Aereo is enjoying the spotlight for its online TV service in the wake of the Time Warner Cable battle over fees that has left major markets with a blackout of broadcaster CBS. At $8 a month, the digital service is a far cheaper alternative to big-ticket cable bills.
Amazon's Bezos to Buy Washington Post Newspaper
The Washington Post Co. has agreed to sell its flagship newspaper to Amazon founder Jeff Bezos for $250 million, ending the Graham family's stewardship of the leading U.S. news organization. Amazon will have no role in the deal. Said Bezos: "We will need to experiment."
Apple's Music, Movies, TV Content Eyed by U.S.
The Justice Department has proposed sweeping punishments to Apple for illegally conspiring with publishers to lift e-book prices, asking a federal judge to pry open the company's lucrative apps store for competitors and keep a close watch on its other business lines.
Netflix Won't Dethrone Titans of TV, Analysts Say
Netflix, Google and Apple think they can remake the TV industry, but big money and brain-power are standing in their way, according to a Barron's cover story. "A lot of what you read about the reinvention of TV amounts to wishful thinking. ... It pays to start with economics."
YouTube Opens Live Streaming to Indie Creators
YouTube has opened up its live streaming service to any creator with 100 or more subscribers. The move puts smaller, independent creators on the same footing as larger productions. The announcement came as YouTube revealed plans for a New York production studio.
Google, Verizon Discuss Deal in Music Streaming
Google is said to be exploring a distribution deal for its subscription music streaming service with Verizon's wireless business. A deal with Google Play Music All Access would allow Verizon to offer an on-demand music service to its 100 million wireless subscribers.
Yahoo Acquires Social-Browser Maker Rockmelt
CEO Marissa Mayer has continued her shopping spree with the acquisition of Rockmelt, the maker of a browser that specializes in deep social-media integration. While terms of the deal were not disclosed, Yahoo reportedly paid between $60 million and $70 million.
Facebook Hires First Marketing Chief from Google
Facebook has tapped a seasoned technology marketing executive most recently with Google to be its first-ever CMO. Gary Briggs previously had been chief marketer at Motorola Mobility upon Google closing its acquisition of the hardware maker in May 2012.
Twitter Issues Apology to Women Abuse Victims
Twitter U.K. boss Tony Wang has said sorry to women who have experienced abuse on the social networking site. The threats were "simply not acceptable." The apology came as Twitter confirmed it would introduce an in-tweet "report abuse" button on all platforms.
LinkedIn: Promoted Posts Drive Mobile Revenue
LinkedIn's new strategy of surfacing sponsored posts in the feeds of its users is key for social companies looking to generate revenue on mobile devices, according to CEO Jeff Weiner. The biggest challenge on mobile, he said, is that on there is "limited real estate."
Report: Digital Media Set to Overtake TV Viewing
The average time spent with digital media per day will surpass TV-viewing time this year, according to a report by research firm eMarketer. Most of the increase in digital viewing is on mobile devices, which are quickly becoming the go-to place to watch entertainment.
Google to Open YouTube Studio in New York City
Google plans to open a YouTube studio in New York City in October 2014. The space will be located in the Chelsea Marketplace district and span about 20,000 to 25,000 square feet. It will be the fourth facility that creators can use to produce more professional videos.
Yahoo to Rebuild Research Lab with 50 PhD Hires
Yahoo's Marissa Mayer plans to boost the company's research unit, which was downsized under her predecessor, as the CEO bets on emerging technologies from big data to artificial intelligence. Yahoo Labs has already hired 30 researchers with PhDs in 2013.
Google Unveils Much-Hyped Moto X Smartphone
The first phone produced by Motorola Mobility since being acquired last year by Google is described as chock-full of cutting-edge features. The phone can respond to voice commands without pressing buttons. Also, owners can choose their own color scheme.
Yahoo: More Board Changes Due as Loeb Splits
New York Post
Yahoo CEO Marissa Mayer and shareholder Dan Loeb, who led the push to recruit her, aren't parting on good terms, according to sources. Loeb reportedly clashed with Mayer over strategy. Now, Mayer aims to remake the board, with more directors expected to leave.
Twitter's 'Troll' Trouble Could Hurt IPO Prospects
With the rumor mill chugging out stories about Twitter's plans for an IPO, media analysts are debating whether recent problems regarding "trolling" — anonymous bullies on the Internet — could scupper any flotation plans. "All this threat and abuse doesn't work."
Amazon Tests Feature in Challenge to Pinterest
Amazon has quietly launched its own direct challenger to Pinterest with the debut of a feature called Amazon Collections. The offering is an image-heavy website where consumers can save, share and discover new products by browsing those others have saved.
RebelMouse Social Media Aggregator Wins Funding
RebelMouse, the Internet startup that allows users to combine updates from across social networks into what it calls a "social front page," said it has raised $10.25 million in Series A funding. The round was led by Oak Investment Partners and SoftBank Capital.
Facebook: No. 1 Social Traffic Driver to News Sites
Facebook remains the largest social media referrer to mainstream media websites, according to a report by Statista. The statistics firm put together a chart measuring the amount of traffic received through social media including Facebook, Twitter, Reddit and StumbleUpon.
LinkedIn, WSJ Help Startups Lure Venture Capital
A presence on LinkedIn and a story in the Wall Street Journal could help startups attract funding from venture capital firms, according to research by PR-digital firm Zeno Group. "More than three quarters of VCs have contacted a startup after reading about it in the news."
Yahoo Expands Into Hearst Newspaper Building
Yahoo has announced that the Internet company has signed a lease on office space in the San Francisco Chronicle building to accommodate its growing team. The building "personifies the digital revolution in how people around the world consume media."
Netflix Begins Rollout of Multiple User Profiles
Netflix has begun enabling multiple users of the same account to create their own profile page. The idea is to give the company a better idea of an individual viewer's preferences. The effort will also help Netflix squeeze every nickel of value out of its streaming library.
Hulu Targets Binge Viewers with Original Series
Hulu plans to provide all episodes of original series at once to paying subscribers, exploiting the popularity of so-called binge viewing. Six episodes of “The Wrong Mans,” a co-production with the BBC, will become available on Nov. 11 for Hulu Plus subscribers.
Google's Chromecast Device Eyed by Hulu Plus
Google's Chromecast Internet TV adapter already lets users stream free Hulu content to their TVs. But the video site is promising to deliver a better experience through the device for subscribers of its Hulu Plus service. "At Hulu, we’re constantly innovating."
Amazon Tests More Children's TV Shows Online
Amazon said it will let web surfers preview and vote on five more kids' TV shows before it decides which ones to produce via Amazon Studios. The move is a repeat from spring, when Amazon let the public look at 14 different shows before picking five to turn into series.
Aereo 'More Wind Than Reality,' CBS Chief Says
CBS is among the networks fighting Aereo, but its chief has brushed off the controversial company. Aereo is "more wind than reality," said Les Moonves, who also called it illegal. "We don't think it's catching on." Aereo declined to respond to Moonves's comments.
Spotify Doubles Revenues Amid Global Expansion
Spotify is said to have more than doubled revenues in 2012 to $577 million as it almost doubled its users. The company, which provides free on-demand music or ad-free tunes for paying customers, made its first forays this year into Latin America and Asia.
LinkedIn Helps Weinstein Co Promote 'The Butler'
The Weinstein Co. has teamed with LinkedIn to promote "Lee Daniels' The Butler," the new movie about a longtime White House butler. The tie-up marks the first time the professional network has promoted a film. Contest winners will get a "dream career experience."
WikiLeaks Slated for Multiple Hollywood Projects
The story of WikiLeaks is the kind of real-life drama Hollywood loves, so expect to see multiple interpretations of it on the big screen. Several projects will chronicle the organization's enigmatic leader Julian Assange and recently convicted leaker Bradley Manning.
Twitter: U.S. Requested Info on 1,300 Accounts
The U.S. government requested information on 1,319 Twitter accounts in 902 separate requests over a six-month period, according to a transparency report released by the microblogging service. The requests were mostly for basic data such as e-mail addresses.
Silicon Valley's Web TV Bid Slowed by Hollywood
Intel, Google, Apple and Sony are gunning to take on cable, phone and satellite companies by offering pay TV via the web. At stake is the $100 billion a year in fees the networks share with cable, phone and satellite providers. The TV networks are "deathly afraid."
Facebook to Sell TV-Style Ads for $2.5 Million Each
Facebook, seeking to break the long-held dominance of television over advertising budgets, is said to be planning to sell TV-style commercials on its site for as much as $2.5 million a day. The new service would let marketers buy their way into a Facebook user's news feed.
Google Slows Product Launches Amid Privacy Debate
Wall Street Journal
Scarred by user-privacy missteps that generated global controversy, and under increased regulatory scrutiny in the U.S. and Europe, Google execs are said to be engaged in internal debates and in some cases slowing product launches to address privacy concerns.
Twitter Chiefs Eyed by Parliament in Wake of Threats
The bosses behind Twitter are to be called in front of British lawmakers after a string of high-profile women were subjected to threats of abuse on the social networking site. A parliamentary committee will ask site reps to explain how it intends to protect users from harassment.
Microsoft-Yahoo Ad Deal in Insider Trading Charge
Sandeep Aggarwal, a former Internet analyst for San Francisco-based Caris & Co., has been arrested by the FBI, accused of providing insider information about a 2009 advertising and Internet search deal between Microsoft and Yahoo to a prominent hedge fund.
Facebook Launches Game Platform, Nears IPO Price
Facebook is taking new steps to boost its engagement on mobile and tap into the growing gaming market, announcing that it has launched a new mobile games publishing platform for developers. The news bolstered a company that is edging up toward its IPO price.
IAC's Electus Enters Contract Talks with Silverman
Ben Silverman is negotiating to extend his deal at Electus, the TV and digital production company he founded in 2009, and sources have said that his role at the IAC-financed firm could change significantly. Silverman, currently chairman, may segue into a role as a producer.
Indiegogo Tapped by Franco for Film Crowdfunding
James Franco has until late Wednesday night to raise over $200,000 to meet the half a million dollar goal of his Indiegogo crowdfunding campaign. Franco hopes to fund films based on his book, "Palo Alto Stories." Franco is the latest filmmaker to jump into crowdfunding.
Amazon Interviews Obama for Kindle Singles Project
President Obama has sat down for an interview with Amazon Kindle Singles — an unprecedented move that has some wondering if the president is using new media to circumvent the traditional press. Amazon appears to be getting into the news game.
NowThis News Launches Instagram Video Channel
NowThis News has begun producing original video clips that coincide with breaking news. Some of the news startup's 37 employees are working solely on a new Instagram video product with the goal of producing 15 to 20 items per day. The clips will largely be voice-overs.
WikiLeaks: Manning Acquitted of Aiding the Enemy
Bradley Manning, the Army private who sent hundreds of thousands of secret U.S. government documents to WikiLeaks, has been found not guilty of the most serious charge against him — aiding the enemy. He still faces a potential 128 years in prison on other charges.
Survey: PCs Outsell Tablets on College Campuses
Desktop and laptop computers remain the most popular gadgets among college students, according to the annual "Back to school" survey by Deloitte. Tablet computers "are a horrible back-to-school purchase. You can’t write a 10-page research paper with an iPad."
Google Asked to Remove 100 Million 'Piracy' Links
Google has received requests to remove more than 100 million links since January 2013 for web pages deemed to be in breach of copyright laws. That is double the number it received for all of 2012 and a sign that copyright holders are stepping up their battle.
YouTube Worth Up to $21.3 Billion, Barclays Says
Barclays has estimated YouTube has made $3.6 billion in revenue, and that number will increase 20% to $4.3 billion in 2014. The firm also estimated YouTube's operating margins to be around 30% to 35%, putting the value of the company between $15.6 billion and $21.3 billion.
Netflix Fans Don't Cut Back TV Viewing, Study Says
Netflix subscribers watch as much TV as people who don't have the streaming video service, according to a study from TiVo's research unit. The study supports Netflix CEO Reed Hastings' argument that Netflix isn't a TV substitute, but rather an additional TV channel, like HBO.
Google's Chromecast Lures Vimeo, Redbox Instant
Chromecast, the streaming video adapter introduced by Google last week, has quickly gained support from a number of media platforms. Vimeo said it wants to support Chromecast, and Redbox Instant plans to support the device as well. Also, HBO Go is believed to be in testing.
Yahoo Operations Chief to Remain Adviser After Exit
David Dibble, who runs all technology and operations for Yahoo, plans to leave the company, according to both an internal employee memo and a regulatory filing. The longtime Yahoo staffer, who is retiring, will continue to advise CEO Marissa Mayer in an unspecified new role.
Amazon Quietly Slashes Book Prices to New Lows
In response to an Overstock.com promotional campaign to price all of its books at least 10% below Amazon, the online retail giant has slashed hardcover prices to historic lows. In some cases, Amazon’s hardcover prices are below the prices it charges for Kindle books.
Zagat Website Goes Free in Relaunch by Google
Google has relaunched the website for Zagat, the dining review and ratings company it acquired in 2011. Alongside the overhauled site are new iOS and Android apps. But most importantly, Zagat is now accessible, for the first time, with no registration or fees required.
Twitter Job Posting Hints of Intention to Go Public
Twitter has posted a job opening on LinkedIn for a financial reporting manager. The person would be responsible for filing the company's preliminary prospectus outlining its IPO plans. Twitter execs have remained dismissive around questions regarding an IPO.
YouTube Eyed by Execs with CBS, NBCUniversal
CBS Interactive's Jim Lanzone and NBCUniversal's Lauren Zalaznick, speaking at Fortune's Brainstorm Tech conference, directed their most provocative comments at YouTube: "When there's that much energy around audience consumption, you have to be there."
Facebook's Boom in Mobile Ads Provides a Model
Facebook's success in mobile advertising has provided a model for other social-networking sites. Amid a shift to wireless devices, Facebook is benefiting from a user base that checks in several times a day and is willing to accept marketing messages in news feeds.
Twitter to Simplify Reporting of Abusive Tweets
After an outcry in Britain over rape threats on Twitter, the microblogging company said a feature designed to make it easier to report abusive tweets when using the service on the iPhone would be coming to other platforms, including Android and the web.
Pinterest to Endorse 'Do Not Track' Technology
San Francisco Business
Pinterest has told its users that it supports Do Not Track technology, through which people can control how the company collects and uses their data. Other major websites have yet to explicitly endorse Do Not Track, which is a bit like a "do not call" list for the Internet.
Survey: Young Adults Regret Social-Media Posts
A new survey has found that about one in four young adults fear they will be fired or turned down for a job by employers who see their more risqué social-media posts. Legal-data site FindLaw.com conducted a "demographically balanced" survey of 1,000 U.S. adults.
AOL Patch Local News Business Loses Top Exec
Mark Josephson, head of marketing and revenue for AOL's local news network Patch, has resigned from the company after about two years. AOL CEO Tim Armstrong has had trouble finding traction for Patch that matches the success of its other media outlets like Huffington Post.
Yahoo Circling San Francisco Chronicle Building
Yahoo is said to be close to signing a lease for a new San Francisco outpost to keep up with the growth of other web companies opening high-profile offices in the city. The company has zeroed in on a large amount of space in the famed San Francisco Chronicle building.
Zynga CEO Faces Up to Harsh Business Realities
Zynga CEO Don Mattrick, in his first earnings call, described the game company as having captured "lighting in a bottle," but one that is now missing out on the growth enjoyed by Google, Apple and Facebook. "We anticipate two to four quarters of volatility."
Google to Develop Another Living-Room Device
Wall Street Journal
Google's home-entertainment experiments extend beyond the gadget the company announced Wednesday, which turns TV sets into an extra screen for watching web videos and other content. The Internet giant is said to be privately showing off a prototype of a set-top box device.
YouTube's 'Disruptive World' Explored by Fortune
Fortune magazine's new cover story looks at how YouTube is "starting to disrupt mainstream entertainment." The Google-owned online video service is like "a next-generation Comcast, Time Warner Cable and Cox all rolled into one, but with a slightly different model."
Facebook: Zuckerberg's Wealth Soars $3.8 Billion
Mark Zuckerberg's fortune soared $3.8 billion as shares of Facebook rallied 30% to the highest level since May 2012. Surging demand for mobile advertising helped profit and revenue top analyst estimates in the second quarter. The earnings may quell concerns.
Twitter to Become More Like TV, Research Says
Twitter will become more like TV as the rate of typical users posting activities levels off, according to research from professors at Columbia Business School and the University of Pittsburgh. Twitter will become "a new way to follow celebrities, corporations and the like."
Google Pulls Plug on Chromecast-Netflix Promo
Los Angeles Times
Citing overwhelming demand, Google has ended a Netflix promotion tied to its new Chromecast TV dongle. The promotion gave users three free months of Netflix's video streaming service, valued at about $24, when they bought Chromecast, a $35 gadget unveiled Wednesday.
Netflix Original Shows Unlikely to Appear on HBO
Netflix has drawn comparisons to HBO, as the video service's subscriber base grows and its shows earn Emmy nods. HBO CEO Richard Plepler has shot down any possibility that a Netflix show like "House of Cards" could find itself on the pay-TV company's lineup.
Redbox Controls Half of Home-Video Disc Rentals
In its second-quarter results, Redbox parent Outerwall revealed that the DVD-kiosk company now controls more than half of the home-video disc rental business. "Redbox eclipsed 50% of the physical rental market for the first time during the second quarter."
Apple Founder's Wife Backs Online Media Startup
Laurene Powell Jobs, the widow of Steve Jobs, has teamed up with other Silicon Valley luminaries to back an new journalism site dubbed Ozy Media. The brainchild of MSNBC veteran Carlos Watson, Ozy hopes to stand out in a crowded media environment.
Amazon Kindle Singles Launch Interview Series
Amazon has launched "The Kindle Singles Interview," a series of "major long-form interviews with iconic figures and world leaders." First up is an interview with Israeli president Shimon Peres by Harper's contributing editor David Samuels. The interview sells for 99 cents.
Google Simplifies YouTube, Netflix Viewing on TV
The biggest surprise for Hollywood in Google's event to unveil new products and software may be the company's Chromecast. The two-inch long gizmo plugs into a TV set, enabling users to watch videos from YouTube, Google Play and Netflix and handle music and photos.
Facebook Still 'Liked' by Teenagers, Mobile Users
CEO Mark Zuckerberg kicked off Facebook's earnings call talking about the "really good progress" the company made during the second quarter, stressing its shift to a mobile-first business. He also addressed the talk that teen use is dropping: "That simply isn't true."
YouTube Kicks Off First-Ever Geek Week in August
Fans of "Game of Thrones" or "Harry Potter" might not want to miss YouTube's Geek Week, kicking off Aug. 4. Following the success of Comedy Week, YouTube will launch the virtual event where fans can check out shows, future releases, series premieres and more.
Machinima Aims to Build Media Empire on Videos
Machinima, the popular outlet for gaming videos, just might be the future of television. The outfit is trying to fulfill that destiny by raising tens of millions of dollars to jump from a mere YouTube channel that attracts young males to a full-fledged media company.
Netflix to Seek Documentaries, Stand-Up Specials
Netflix has revealed that the online entertainment outfit is looking to broaden its original content to include feature documentaries and stand-up comedy specials. Netflix "has become a big destination for fans of these much loved and often under-distributed genres."
Dish's Hopper Holds Onto Legal Win Against Fox
A federal appeals court has denied 21st Century Fox's appeal to make Dish Network's Hopper ad-skipping service temporarily unavailable to consumers. In addition to Fox, CBS and other broadcasters have filed separate suits against Dish over its AutoHop feature.
Google Unveils New Tablet, TV-Streaming Device
Google has revealed the latest edition of its Nexus product, which the company describes as "the world's highest resolution 7-inch tablet." Google has also unveiled Chromecast, a two-inch long plug-in gizmo that allows users to easily stream video onto their TVs.
Apple CEO Says 'Amazing New Products' Coming
Apple reported that it sold 31.2 million iPhones for the three months ending in June, better than Wall Street's expectation amid a competitive market for smart phones. CEO Tim Cook promised "amazing new products that we will introduce in the fall and across 2014."
Report: Twitter to File for IPO Before End of Year
Twitter is expected to file papers for an IPO before the end of the year, eventually debuting publicly in early 2014, according to an online report. The IPO could coincide with the release of the new book "Hatching Twitter," by Nick Bilton of the New York Times.
Twitter Expands Technology for TV Ad Targeting
Twitter said that it is opening up its TV ad-targeting technology to all U.S. advertisers that run national television spots and want to reach live viewers with synchronized in-tweet promotions. Early partners include Viacom, Conde Nast, FOX, ESPN and the Weather Channel.
Facebook: We Have More TV Chatter Than Twitter
Facebook has five times more TV-related activity on its site than Twitter and every other social network combined, according to a new study from social TV tracker Trendrr. "The reality is that a conversation is taking place around TV on Facebook at unprecedented scale."
AOL Plans TV-Style Fall 'Programmatic Upfront'
AOL plans to sell some of its advertising via a "programmatic upfront" event in September. The idea, modeled after the method TV networks traditionally use to sell ads, is to convince marketers to commit to buying AOL inventory using automated ad technology.
Microsoft's Xbox Offers Glimpse of Future of TV
The first project for Microsoft's Xbox Entertainment Studios, the division that creates programming for the company's games console, is a TV program based on the Halo series of games. The division's president, Nancy Tellem, hints of more interactive shows coming.
Yahoo Faces Fresh Pessimism as Loeb Departs
The exit of Third Point boss Dan Loeb from Yahoo's board is said to mark the first major speed bump for CEO Marissa Mayer. "No one has played a bigger role in setting Yahoo's direction in the past two years than Loeb." Mayer was hired as her "star was dimming at Google."
Guggenheim Digital CEO Talks Premium Content
Ross Levinsohn, Yahoo's former interim CEO, said he would not have bought Tumblr if he were still running the Internet giant. "The challenge now is to sift through the millions of experiences that sit on Tumblr to shine the advertising opportunity spotlight on the premium content."
YouTube: Simmons, Universal in Music Venture
Russell Simmons, one of the founders of hip-hop, is getting back in the music business with a YouTube multichannel network called All Def Digital. The new venture has teamed up with Universal Music to create a label that will discover and develop artists on YouTube.
Rdio to Offer Music Streaming with Live Nation
Rdio, the music-streaming service started by Skype co-founder Janus Friis, will supply songs on the website of concert promoter Live Nation, gaining a source for potential users. People shopping for tickets at LiveNation.com will be able to register for Rdio and listen to tracks.
Apple's iTunes Offers Carson's 'Tonight Show'
For the first time, "The Tonight Show Starring Johnny Carson" is available for digital download. A new compilation edition includes highlights from the 1960s through Carson's farewell show and his memorable next-to-last show with guest Bette Midler, which aired in 1992.
Yahoo: Loeb Sees $655 Million Profit on Stake Sale
Dan Loeb's Third Point, which two years ago agitated for Yahoo's board to resign, made $655 million when the Internet company bought back 40 million of his shares. Loeb and two other directors he brought to the board, Harry Wilson and Michael Wolf, will step down.
Netflix Adds Subscribers, But Fewer Than Expected
Netflix has reported earnings that beat expectations as it added streaming-video subscribers, though not as many as analysts had expected. The May release of the comedy "Arrested Development" generated a "small but noticeable bump in membership."
Aereo Preps TV Service Rollout to 12 New Markets
Aereo, the Barry Diller-backed service that sends broadcast TV signals online to subscribers, will announce start dates for 12 new markets in the next several weeks, said CEO Chet Kanojia. Aereo's goal is to reach a quarter of the U.S. population in five to seven years.
Vevo Bringing MTV-Style Music Channel to Hotel
On-demand music video service Vevo launched Vevo TV in March to bring MTV-style programming back from the dead. Now, the company has entered a partnership with one of Manhattan's swankiest hotels: Dream Downtown. Vevo TV will stream blocks of music videos.
YouTube Lifts Ban on Trailer for Cameron's Film
Kirk Cameron, the "Growing Pains" actor-turned-evangelist, is celebrating after YouTube and Facebook both reversed course and lifted their ban on the trailer for his new evangelical-themed documentary. The companies previously said the promo violated spam policies.
Google Starts Placing Ads Into Inboxes of Gmail
Google has begun showing advertisements in the space reserved for e-mail messages in Gmail user inboxes, a new step in its effort to turn free services into revenue sources. The ads appear as messages that can be opened like e-mails and forwarded to others.
Twitter: Royal Baby Fails to Beat Pope, Obama
Royal baby mentions on Twitter reached a frenzied peak of 25,300 tweets per minute, right after the Prince of Cambridge's birth was announced. The #royalbaby hashtag has been used 900,000 times and counting. But it's small potatoes next to two other major news events.
Yahoo Media Head to Join Exodus of Top Execs
Yahoo media chief Mickie Rosen will leave the Internet giant this Friday. Rosen is one of the highest-ranking execs to exit the company in recent months. More big departures are to come, according to sources, as lucrative stock options have vested for several top execs.
Yahoo: Loeb to Sell Shares, Resign from Board
A year after joining the board of Yahoo in 2012 and pushing the company to hire Marissa Mayer as CEO, Dan Loeb, Michael Wolf and Harry Wilson are resigning at the end of this month. In addition, Loeb hedge fund Third Point is selling 40 million shares of Yahoo to the Internet company.
Aereo TV-Over-Internet Service Expands to Utah
Aereo has announced that it will launch in Utah on Aug. 19. The controversial digital TV service is already available in New York, Boston and Atlanta. Aereo is also launching in Chicago on Sept. 13 and has said the company plans to roll out to 22 cities this year.
Netflix to Host Analyst, Reporter in Video Hangout
On Monday when Netflix reports earnings, the company will drop the usual conference call and webcast model in favor of a video Google hangout. Netflix has invited BTIG analyst Rich Greenfield and CNBC journalist Julia Boorstin to moderate questions via e-mail and tweet.
Report: Online Video Users Prefer TV Over Movies
A new report from GfK has found that subscribers to Netflix, Amazon Prime Instant Video and Hulu Plus are watching more TV shows on those services than they are watching movies. "Contrary to broadcast TV's 'mass' model, streaming services generate episodic, niche viewing."
TheStreet: Private-Equity Investor Pushes for Sale
Private-equity firm Spear Point, which holds a 2% stake in TheStreet, wants the financial news company to hire an adviser to weigh options. Spear Point also plans to make a bid for the company. The continuing involvement of cofounder Jim Cramer "is a big wild card."
BuzzFeed Seeks Short Clips in New Video Strategy
Can the social publishing model of zippy headlines and shareable listicles perfected by BuzzFeed be translated to video? Unlike a list of images and text, video doesn't let users consume the content at their own pace. That presents a challenge when it comes to social distribution.
YouTube Subscription Channels Off to Slow Start
Some of the first partners for YouTube's "pilot program" for subscription-based channels, which launched in May, have said that their paid channels are off to a slow start. "We are not setting the world on fire." Subscription activity "so far has not been particularly high."
Google Expected to Unveil Moto X Smartphone
Motorola has sent out invitations to a New York launch event on Aug.1 for the U.S.-made Moto X smartphone. The debut promises to be the first major new device since Google bought Motorola Mobility. Google CEO Larry Page on Thursday teased interest in the phone's arrival.
Facebook Eyes Phones in Developing Nations
New York Times
Facebook has been working for more than two years on an effort to get the social network onto the billions of cheap, simple "feature phones" that remain the norm in developing countries like India and Brazil. Facebook soon plans to announce the first results of the initiative.
Twitter Tests Blue Line to Thread Tweet Replies
Los Angeles Times
Twitter is testing a new feature that ties replies to the original tweet using a thin, blue line. The feature showed up on a version of Twitter's newly updated Android app. The thread feature "definitely catches the eye." The company has declined to comment on the test.
Apple Developer Site Targeted in Hacker Attack
Apple's site for developers was attacked by an intruder last week, the company announced. Apple said that an "intruder" tried to gain access to developer information, prompting the company to take the service down. Sensitive data on that site was encrypted, Apple said.
AOL Gives New Titles to Engadget, Gdgt Veterans
AOL has found new jobs for Peter Rojas and Ryan Block. The two former editors of the gadget site Engadget, who went on to create the tech startup Gdgt, and then sold the company to AOL earlier this year, have become AOL's VP of strategy and VP of product.
Tumblr Users Fight Crackdown on Adult Content
After learning of sweeping changes made to the Tumblr's content policy, including the automatic removal of blogs flagged as "adult" from the site's searches, distraught users took to Change.org to start a petition. Nearly 20,000 signatures have been collected so far.
Twitter, Facebook to Deliver Royal Baby News
Following royal tradition, the world will first read about the birth Prince William and Kate's baby from a bulletin posted in front of Buckingham Palace. At the same time, the British monarchy's official Twitter and Facebook accounts will announce the news online.
Amazon, Netflix: You'll Soon Have Six 'Cable' Bills
Thanks to competing online streaming services from Amazon, Netflix, Hulu, and soon Google — "cutting the cord" could soon mean paying multiple monthly payments. In order to see all of one's favorite shows it may become necessary to subscribe to several online services.
Hulu Focuses on 'Awesomes' After Ending Sale
New York Times
With a sale averted, Hulu execs are focusing on promoting the video site's highly anticipated animated series "The Awesomes," debuting Aug. 1. "The Awesomes," featuring the voice of Seth Meyers, will be Hulu's first original series this year and its first animated series.
Machinima Plans Online TV Subscription Service
Machinima has become the latest Internet company to try to launch a TV-like online video network, and has begun talks with Hollywood studios to produce full-length programs or possibly become investors. Machinima caters mainly to so-called 18- to-34-year-old fanboys.
Aereo on Track for 22 Markets by Fall, CEO Says
Fresh off its latest court victory, which its founder says validates the service, Aereo is on track to be in 22 markets by fall. The controversial service is "a new way of thinking about how people are going to consume television in the future," according to founder/CEO Chet Kanojia.
Netflix Insists Its Service Does Not Crop Movies
Netflix has addressed concerns that the company automatically crops some of its movies to better fit widescreen displays. "We do not crop. We want to offer the best picture and provide the original aspect ratio of any title. Unfortunately, our quality controls sometimes fail."
YouTube Still Hosts Pirated Movies in Plain Sight
Full-length, high-quality, unauthorized copies of major Hollywood films continue to be available on YouTube. The onus is mostly on license owners to have them removed. A YouTube spokesperson said: "We've invested heavily in copyright and content management tools."
Google Earnings Disappoint Amid Shift to Mobile
Google's shares fell after the Internet search-engine giant reported second-quarter sales and profit that missed estimates as mobile advertising crimped average prices. "The challenge is for Google to reignite revenue growth. The core business is slowing down."
Yahoo Makes 18th Acquisition Under CEO Mayer
Yahoo has announced the acquisition of Ztelic Technology, a Beijing-based company specializing in analyzing data from social websites. The price of the deal was not disclosed. Ztelic is Yahoo's 18th purchase since CEO Marissa Mayer was appointed in July 2012.
AOL Hires Sales Chief, Eyes Push Into 'Live' Ads
AOL has named Publicis veteran Bob Lord as the new CEO of its AOL Networks, replacing Ned Brody, who resigned in April. In a related move, AOL and Publicis have formed a "live" advertising partnership. "Live advertising is the future of marketing on the Internet."
Reddit CEO Admits News Site Doesn't Make Money
Reddit CEO Yishan Wong has admitted that financially, the "front page of the Internet" does not make money, despite boasting 70 million monthly readers. "There is a common misconception that we are 'part of a billion-dollar conglomerate' and/or 'already very profitable.' "
Google Expected to Unveil New Tablets Next Week
Google appears to be getting ready to introduce the next generation of its Nexus tablets. The unveiling is likely to come at a July 24 event in San Francisco. Google sent invitations Wednesday to the news media. The event will be hosted by Google exec Sundar Pichai.
Yahoo Acquires Mobile Ad Tech Firm in Latest Buy
Yahoo has announced yet another acquisition – Admovate, a mobile advertising technology startup. "Admovate's personalization technology accelerates our capabilities in mobile advertising, and we gain an exceptionally talented technical team."
Facebook Execs Flee as 'Sexy Status' Diminishes
Facebook's top execs have been saying goodbye to the social network at a speedy rate ever since its May 2012 initial public offering. The company "has lost its sexy ingenue status," which means its entrepreneur-minded staffers are likely ready for their next challenge.
Twitter Censors Racy Content in Mobile Update
Twitter has introduced a safety tweak in its most recent mobile update for iOS and Android, a method of censoring questionable content that appears inside of tweets. Ostensibly, that means snipping out any possible racy material before users get a chance to see it.
Netflix 'House of Cards' Makes Emmy Awards History
Netflix's political intrigue saga "House of Cards" has received a best drama series nomination — the first top Emmy nod for a program delivered online, not on TV. The series received a total of nine bids, including acting nominations for stars Kevin Spacey and Robin Wright.
Apple's Move Into TV Relies on Media Cooperation
New York Times
Apple's steps to reimagine television, like teaming up with ESPN, suggest that the company's strategy stands in stark contrast to efforts by Google to compete with established players. "Apple's probably going to have greater access to content by deciding to cooperate."
Aereo: Broadcasters Mull Battle in Supreme Court
Wall Street Journal
Major broadcast networks' efforts to shut down web TV startup Aereo may be headed for the U.S. Supreme Court after a federal appellate court refused networks' request to re-hear the case. A spokesman for one of the networks, Fox, said the decision was "disappointing."
Hulu to Disable Automatic Sharing on Facebook
The still-under-previous-ownership Hulu is disabling the Open Graph-powered option to automatically share the videos users watch with friends on Facebook. The change came about because "feedback indicated people prefer the experience of expressly sharing content."
Netflix's Own 'House of Cards' Bested by 'Mad Men'
Wall Street Journal
Netflix's original "House of Cards" accounts for a smaller share of the online outlet's viewership than old episodes of TV network shows like "Mad Men," according to a new study. Netflix spent about $100 million on "House of Cards" in a big push into original programming.
BuzzFeed Launches Hastings Fellowship Program
BuzzFeed will honor the legacy of the late Michael Hastings through a yearlong fellowship program. The news site's Michael Hastings Fellowship for national security reporting "is aimed at proven journalists with strong sources and major stories to their credit."
Social-Media Bubble Said to Be Quietly Deflating
Social-media companies drew only 2% of the venture capital headed to Internet-based enterprises last quarter, according to data from CB Insights. New buzzwords have arrived: Big data and cloud companies are now grabbing the imaginations of venture capitalists.
Twitter Used by Pope Francis to Forgive Sinners
The Vatican has decided that worshippers who want to wash away their sins will not have to go all the way to Rio de Janeiro for the World Youth Day to do so. Instead, the faithful can simply follow Pope Francis "through the new means of social communication."
Yahoo Under Mayer Remains a Work in Progress
CEO Marissa Mayer, celebrating one year in Yahoo's top job, has survived — and thrived — in one of Silicon Valley's hottest of hot seats. But it's still too early to tell if she can reverse the company's fortunes. Yahoo's earnings report underscores the Internet giant's struggles.
Google Pitches TV Service to Media Companies
Wall Street Journal
Google has approached media companies about licensing their content for an Internet TV service that would stream TV programming. The service would join several other companies planning offerings that deliver cable TV-style packages of channels over broadband.
Aereo Wins Another Battle with Broadcasters
In another win for Barry Diller's IAC-backed Aereo, a U.S. appeals court has declined to rehear an appeal by the major broadcasters seeking to temporarily shut down the online television start-up. The broadcasters contend Aereo infringes their copyrights.
Amazon's IMDb App Lets Users Buy Movie Tickets
Internet Movie Database has teamed up with ticket seller Fandango to allow U.S. users to find movies at local theaters and buy tickets from their mobile devices. IMDb's app update also allows the purchase of movies and TV shows on Blu-ray and DVD via Amazon Mobile.
IAC's About.com Names Chief Operating Officer
About.com, IAC's answers website, has hired three execs: Scott Kim, chief strategy officer at Ask.com, will become COO; Alex Ellerson, Howcast Media's COO, will become SVP of content; and Matthew Knell, AOL's social media guy, will take on a similar role at About.
Apple Working on Ad-Skipping Technology for TV
Apple is said to be meeting with cable companies to pitch a service that would enable TV viewers to skip commercials. The feature would be worked into a "premium" service Apple TV owners would buy into. Apple would then pay the networks when it occurred.
Microsoft Drops Tablet Prices Amid Weak Demand
Microsoft is cutting the price of its Surface RT tablet by as much as 30% as the device struggles to lure customers amid competition from the likes of Apple's iPad. The least-expensive Surface RT model costs $349 without a cover that doubles as a keyboard, down from $499.
Yahoo Brand Perception Down Among Consumers
Yahoo's brand perception has gone down considerably in the past year, said YouGov, which measures consumer perception of brands. While Yahoo's stock price is higher since Marissa Mayer became CEO, the company's brand health "moved in the opposite direction."
Hulu's Jilted Suitors Stung by Runaway Streamer
New York Post
Hulu's change of heart hit suitors where it hurts the most — the pocketbook. Last week, the owners of the streaming video service called off the sale process as it entered the final stages. By that time, suitors had shelled out some $25 million in banking and legal fees.
BuzzFeed Chief to Launch Animal-Themed Website
Ken Lerer plans to launch a website called The Dodo this fall. Lerer's daughter Isabel will help run the startup, which will combine "content and commerce" to explore human relationships with animals. Lerer is a co-founder of Huffington Post and chairman of BuzzFeed.
Twitter Launches Media Blog to Show 'Cool' Uses
Twitter wants to prove it is not just for broadcasting the mundane details of your life. So the microblogging service has launched a Twitter Media blog to showcase "meaningful" uses of Twitter in "TV, sports, journalism, government, music, movies, social good and beyond."
Netflix in Talks for More 'Arrested Development'
Netflix is said to be in talks for another season of "Arrested Development." CEO Reed Hastings has described the series and other Netflix originals as integral to his strategy of transforming the company from a purveyor of rerun programming into a web-based TV network.
Hulu Eyes Netflix, Amazon After Sale Called Off
Hulu's big-media owners have decided to call off the sale of premium online video site. Their plan is said to be to invest in Hulu's potential as a "subscription video on demand" service, aiming to compete for eyeballs, time and consumer dollars with Netflix and Amazon.
Yahoo CEO's Popularity Declines After First Year
Marissa Mayer's popularity among Yahoo employees has slipped since she took the reins a year ago, according to research by Glassdoor. Ross Levinsohn, Yahoo's interim CEO who preceded Mayer’s hiring, had the highest approval rating at the company after Mayer.
Google Invests in YouTube Studio in Los Angeles
At Google's vast new complex in Los Angeles, the cream of YouTube talent is shooting crowd-pulling videos and creating a fusion of old and new media. "A movie studio is closed. There is a gate and a guard and you can’t get access to it. But here, you can."
Twitter Gives France Data in Anti-Semitic Posts
Twitter has given French authorities information that can help identify the authors of a series of racist and anti-Semitic tweets. The social media site also has agreed to work with a Jewish student group that sued for the data on other ways to fight hate speech.
Apple Found Guilty in Conspiracy Over E-Books
Apple milked the popularity of its iTunes store to form an illegal cartel with publishers to raise e-book prices, a federal judge has decided. The ruling sided with government regulators' contention that Apple joined five major book publishers to gang up on Amazon in price fixing.
Samsung Exec Eun on Board Asiana Crash Flight
NBC Bay Area
David Eun was on board the Asiana Airlines flight that crashed at the San Francisco airport. The Samsung exec tweeted about the event: "I just crash landed at SFO. Tail ripped off. Most everyone seems fine. I'm ok. Surreal ... Trying to help people stay calm. Deep breaths ..."
IAC's Diller to Pay Penalty in Coke Stock Purchase
Barry Diller has agreed to pay a $480,000 penalty to settle charges that he violated filing requirements when he acquired a stake in Coca-Cola. The IAC chief did not notify the Justice Department and the Federal Trade Commission when he acquired the 605,000 shares.
CollegeHumor CEO to Depart After Three Years
CollegeHumor CEO Paul Greenberg, who joined IAC's comedy website in 2010, is leaving the company. "It's been a terrific three years," he said. Co-founder Ricky Van Veen said Greenberg's position will be filled by two execs from Electus, the IAC-owned movie and TV studio.
Hulu Extends Bidding, Seeking $1 Billion Offer
New York Post
Hulu's owners have extended the deadline for second-round bids for the streaming video site until next week. "There are really just three main bidders left: DirecTV, Chernin and Guggenheim." Hulu has "pushed back the deadline because DirecTV isn't ready."
Yahoo Unlikely to Remain in Bidding for Hulu
Yahoo is not expected to be on the short list of bidders for Hulu. The Internet company's initial bid has been described as low, as Yahoo's interest in the streaming site has waned in recent weeks. Hulu insiders are said to be eager to see the sales process resolved ASAP.
Google Developing Game Console, Wristwatch
Wall Street Journal
Google is developing a videogame console and wristwatch powered by its Android operating system, as the Internet company seeks to spread the software beyond smartphones and tablets. With the new platforms, Google hopes to combat devices that Apple may release.
AOL Aims to Become Internet's 'Cultural Center'
AOL CEO Tim Armstrong: "I want AOL to become the cultural center of the Internet. That's one of the reasons why we are investing so much in content. There's a big opportunity to help program the Internet." The company's Huffington Post is "turning out into a great business."
Yahoo News Revamps to Attract Readers, Ads
San Jose Mercury News
Yahoo has unveiled a faster, customizable news feed, as the struggling Internet giant continues its fight to attract followers — and critical ad dollars — away from Google, Facebook and Twitter. The revamped Yahoo News follows February's overhaul of Yahoo's home page.
Intel to Challenge Pay TV with Internet Service
Intel will enter a crowded field of companies offering alternatives to traditional pay-TV services. This year, the computer-chip giant plans to sell a set-top box that streams content from the Internet onto a TV. "We think the TV experience is not one that has evolved very much."
Amazon Seeking Exec to Develop Drama Series
Less than a month ago, Amazon gave the green light to five new original series, two sitcoms and three children's shows. Now, it seems Amazon wants to add some drama to the mix. The company has posted an online ad looking for a head of drama series development.
Twitter CEO Urges Editors to Embrace Platform
Dick Costolo, speaking at the American Society of News Editors convention, urged editors to embrace the service and news media's role in synthesizing and analyzing the millions of tweets that are produced daily. "We don't do journalism," said the Twitter CEO.
AOL Holds Open Auditions for Web News Anchors
AOL is holding open auditions for people "to inform the world in their own unique way" for its new AOL Live offering. Auditions are being held at AOL headquarters in New York. "We want the most talented and passionate news, sports, weather and Internet-y storytellers."
Facebook, Google Send More Execs to Sun Valley
Facebook, Google and Netflix are sending more execs to the annual Allen & Co. gathering of moguls in Sun Valley, Idaho, the latest sign of tech's growing role in media. Deals likely to be discussed include the Hulu sale and a potential spin-off of Sony's entertainment assets.
YouTube's Maker Studios Sued Over CEO Ouster
Maker Studios co-founder Daniel Zappin and three founding execs have filed a lawsuit against the YouTube multichannel network provider, alleging breach of contract and fraud in "ousting" him as CEO. Time Warner took a stake in Maker Studios last December.
Aereo Plans Expansion in Nearly 20 More Cities
Aereo plans to launch in as many as 19 new cities by the end of next month, said CEO Chet Kanojia. The company has provoked media companies' ire by beaming over-the-air TV broadcasts over the Internet. "What really is at stake is your ability to control your own media."
Amazon Adds More Kids Shows in New PBS Deal
Amazon's video service is adding a more children's programs, including past seasons of "Calillou," "Daniel Tiger's Neighborhood" and "Wild Kratts," in an expanded agreement with PBS. Amazon Prime subscribers will have access to shows from PBS's Masterpiece division.
Twitter CEO Hints of 'DVR Mode' for Use with TV
Dick Costolo has hinted at several upcoming features, including better ways to filter the "signal from the noise" during live events. "Things like a graphic of spikes in the conversation, what time they happened ... and be able to scroll back to that time," said Twitter's CEO.
Google: Publishers Seek End to 'Abusive Practices'
Newspaper and magazine publishers in Europe have called for an end to Google's "abusive practices," objecting to the Internet giant's proposed antitrust settlement with the European Commission about the way it presents search results. Responses are due Thursday.
Yahoo CEO Touts Mobile Focus at Annual Meeting
Yahoo's CEO Marissa Mayer stressed the company's ongoing push to grow its mobile products and services while speaking at the company's annual shareholder meeting. "We're focused on making the world's daily habits inspiring and entertaining," Mayer said.
Intel: We Will Obtain Programs for Web TV Service
Intel said it plans to begin selling a set-top box offering Internet-based TV service this year and is confident it can obtain programming. "Ultimately we want to deliver a better form of television. We're very confident we'll get the content we need to launch later this year."
Netflix Downgraded on 'Unrealistic Expectations'
Bernstein analyst Carlos Kirjner has downgraded Netflix shares to "underperform" from "market perform," but raised his price target to $180 from $125, noting the share price reflects "unrealistic expectations across all major economic and strategic levers of the business."
Amazon's Lovefilm, CBS Expand TV Streaming Deal
A new deal between Amazon and CBS expands the number of TV series available for Amazon Lovefilm streaming customers in the U.K. and Germany. The original "Star Trek" is one of the series beaming up. Also on the list are three series from Showtime.
Pandora, Musicians to Discuss Royalty Settlement
Pandora, the web's top radio service, is said to have held preliminary discussions with groups representing music artists as well as indie and major labels about ending an increasingly aggressive feud over music royalties. Formal negotiations are expected to start soon.
Barnes & Noble Bails Out on Nook Tablet Business
Barnes & Noble is taking its losses and running. In a statement, the retailer revealed that it is pulling out of its Nook tablet manufacturing business in the face of ongoing losses: "The company's tablet line will be co-branded with yet to be announced third party manufacturers."
Gawker Boss in Legal Spat with Fleshbot Site Buyer
New York Post
Gawker Media boss Nick Denton has begun a feud with former employee Noa Gottlieb, who bought his adult-content site Fleshbot a year ago. Denton claims Gottlieb has refused to fork over $100,000 as part of the deal. Gottlieb, in a countersuit, accused Denton of fraud.
'Digital Dementia' Surge Seen Among Young People
Doctors in South Korea had reported a surge in "digital dementia" among young people who have become so reliant on electronic devices that they can no longer remember everyday details like their phone numbers. South Korea ranks as a leading digitally connected nation.
Netflix, Hulu Lead in Streaming of Films, TV Shows
Wall Street Journal
Piper Jaffray analysts looked at the most popular films and TV shows, and checked to see what percentage of them were available on the best known streaming services — Netflix, Amazon, Hulu and Redbox. In short, Netflix is on top in films, Hulu in TV and Amazon in neither.
AOL to Expand Live Video Beyond HuffPost Live
Following the success of the HuffPost Live video project, parent company AOL plans to do more live shows around both day-part programs and special events on its home page, according to exec Susan Lyne. A "confluence of forces" is driving this new strategy.
Facebook's Instagram to Inspire New Digital Ad Age
Facebook unveiled video on Instagram just days ago and already brands are taking to the service. "There's no digital channel today that has the reach of TV. But when Facebook makes its play in video advertising, that's ultimately what it will bring to the market."
Twitter Founder Uses Mobile Phone During Takeoff
Jack Dorsey tweeted a number of Vine videos this past week, including one of his plane taking off in San Francisco. The action by the Twitter founder appears to be in conflict with what flight attendants instruct passengers to do: power down during takeoffs and landings.
Demand Media Buys E-Commerce Startup Society6
Demand Media, owner of content websites eHow, Livestrong and Cracked, has acquired the e-commerce marketplace Society6 for $94 million, as the company diversifies its business model. Society6 helps artists sell goods such as iPhone cases and T-shirts directly to consumers.
Groupon to Pay $500,000 for Expired Deals in Canada
A Toronto law firm pursuing a class-action lawsuit against Groupon said the online coupon sharing site has agreed to a settlement of more than $500,000. The suit relates to cases in which Groupon deals expired and customers could not redeem the expired vouchers.
Apple CEO Stock Grant Tied to Share Performance
Tim Cook's one-time stock award worth over $413 million is now partly subject to the performance of the shares, a move that followed discussions with Apple's largest shareholders. Cook approached the board to impose a performance criteria on his yet-to-be-vested stocks.
Intel Readies TV Subscription Service for Launch
Intel is said to be preparing to release a set-top box, with a subscription service that will give users live TV over broadband Internet connections. It is, in industry argot, an "over the top" video connection, requiring no actual TV package from the major multiple system operators.
YouTube to Live Stream Wimbledon for First Time
YouTube, which has been getting deeper into live-streaming sports, has announced plans to live stream the Wimbledon tennis tournament. YouTube will stream "the key moments of the tennis, interviews, behind the scenes and press conferences” throughout the two-week event.
Hulu Faces a Nebulous Future as Bids Come Due
New York Times
The eventual value of Hulu is expected to be roughly $1 billion. Binding bids are due by Friday, though one source said the deadline could be delayed until next month. Hulu’s sale could signal end — at least in its current form — of one of the pioneers of online streaming.
Yahoo CEO Mayer to Shine Spotlight on Web Video
As Marissa Mayer approaches her one-year anniversary as CEO of Yahoo, she's hewing closely to the struggling web portal's traditional advertising model — and eyeing more video programming. "It's clear to me that our video business is something that's growing a lot."
Twitter Developing Geo-Targeted Ads for Retailers
Twitter plans to let brands show promoted tweets to people who open its mobile apps within close range of their stores. The microblogging service will enable ads to be targeted to people who are near specific latitudes and longitudes and could be ready as soon as the fourth quarter.
Google Glass to Become 'Next iPhone,' Analyst Says
A new report suggests that Google's wearable computing device could become "the next iPhone." Sarah Rotman Epps, a senior analyst with Forrester Research, believes that Google Glass shows enough promise that "it's just a matter of time" until it takes over the world.
Facebook Aims to Become 'Newspaper for Mobiles'
Wall Street Journal
Facebook has been quietly working on a service, internally called Reader, that displays content from the social network's users and publishers in a new visual format tailored for mobile devices. The project is said to be designed to showcase news content in particular.
AOL Follows Digg with Launch of Its Own Reader
A mere handful of days before Google kills off its Reader product, AOL has revealed that it is working on a Reader of its own, called AolReader. Aside from AOL's announcement, Digg will have its own take on the Reader, which is expected to launch in a matter of weeks.
Google News Switches German Publishers to Opt-In
Google has announced that it is changing its Google News service in Germany to have publishers opt in to the system, in order to preemptively avoid an intellectual property law that was recently signed in the country. The move marks a rare exception for the company.
HuffPost Live Heads to Clear Channel's iHeartRadio
New York Business
On July 1, HuffPost Live Radio will be streamed via Clear Channel's iHeartRadio on the web, as well as the iPhone, iPad and Android platforms. HuffPost Live was launched last August with the goal of becoming available "on as many platforms as possible."
BlogTalkRadio Taps Tavis Smiley for Online Show
New York Times
BlogTalkRadio, the web service that lets anyone host a radio program online, is teaming up with Tavis Smiley, the public TV and radio host. Smiley will anchor a weekday show, varying from 20 minutes to however long he wants to talk. The two will split any advertising revenue.
Hulu Sale Seen Weeks Away as Suitors Line Up
A Hulu sale deal is still weeks away, and bidders have lined up. But of a half-dozen suitors — including Yahoo, DirecTV and Guggenheim Digital Media — who is the best buyer for the online streaming service? Industry experts say: "No one is buying it for the same reason."
YouTube Brings Advertisers Into Partner Program
YouTube has announced plans to expand its partner program to include advertisers. The program will start in September with a week-long workshop in Los Angeles. Each advertiser will be assigned a partner manager to help them develop their content strategy.
Facebook Adds Video to Instagram as Vine Grows
Facebook has added video to its photo-sharing app Instagram, following in the heels of Twitter's growing Vine video-sharing app. "This is the same Instagram we all know and love — but it moves," said Instagram co-founder Kevin Systrom at an event at Facebook headquarters.
Twitter Legal Exec to Join White House Tech Office
The White House said Twitter exec Nicole Wong is joining the Obama administration as the deputy U.S. chief technology officer. Her duties will cover the Internet, technology and privacy. Wong was Twitter's legal director for products. She has also been a VP at Google.
Tumblr Founder Karp Says Twitter Is 'Really Gross'
New York Post
David Karp lashed out at Twitter at the Cannes Lions advertising festival, blasting the way it displays the number of followers for every tweeter as "really gross." The Tumblr founder said: "We don't share stats, so your performance isn't published out to the world."
Google Privacy Practices Probed by Spain, France
Spain has launched proceedings against Google over five suspected data breaches. Meanwhile, France has given the search giant three months to rethink its privacy rules. Since last year Google has been combining data from all its sites to better target advertising.
Apple Warns E-Books Verdict Could 'Send Chills'
The Justice Department has concluded its antitrust trial against Apple over alleged price-fixing of digital books, with a federal prosecutor accusing the tech giant of conspiracy. Apple's attorney warned that a ruling against it "will send shudders throughout the business community."
Pirate Bay Swede Sentenced for Hacking, Fraud
A founder of the file-sharing website Pirate Bay, who was arrested in Cambodia under an international warrant, has been convicted in Sweden of hacking and fraud and given a two-year prison sentence. "The data intrusion has been very extensive and technically advanced."
FAA to Relax Rules for Personal Gadgets in Flight
Wall Street Journal
Airline passengers irritated at having to turn off their devices could soon see some reprieve, with regulators set to allow wider use of gadgets in flight. The Federal Aviation Administration is expected to relax the ban on using some types of personal devices at low altitudes.
Facebook's Instagram Video to Challenge Twitter
Facebook's anticipated rollout of a new video service for Instagram is already getting upbeat reviews from Wall Street and beyond, with one tech exec calling it a potential threat to Twitter. Facebook is expected to introduce a feature similar to Twitter Vine on Thursday.
Google, Facebook Pay for Faster Internet Access
Wall Street Journal
Google, Facebook and Microsoft have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix, however, has been reluctant. The payments to Comcast and Time Warner Cable been shrouded in secrecy.
Apple Seeks to Replace Textbooks with the iPad
Los Angeles' school system, the second largest in the United States, has ordered iPads for all its students, handing Apple a major success in its quest to make the tablet a replacement for textbooks. The city's education board approved the purchase of $30 million worth of iPads.
Twitter Acquires Social Location Startup Spindle
Twitter has acquired Spindle, a social startup focused on the location and check-in space, and discovering local places of interest nearby. "We've spent the past two and a half years building a product that helps you answer the question: 'What's happening nearby right now?' "
Apple TV Gets Boost from HBO Go, WatchESPN
Apple TV got a double boost with the addition of two long-awaited apps: HBO Go and WatchESPN. HBO Go includes access to all of the premium channel's shows, movies and comedy specials. The WatchESPN app features live sports events and on-demand video.
Netflix Brings Video Service to The Netherlands
Netflix will launch its TV and movie streaming service in The Netherlands later this year, expanding its reach further into Europe. Netflix boasts 29.2 million streaming subscribers in the United States and 7.1 million in international markets, including Scandinavia.
Hulu Exec Exodus Accelerates as Sale Drags On
As the Hulu sales process drags on, the Internet TV venture increasingly is struggling, with its best and brightest employees jumping ship amid uncertainty about who their new bosses will be. Hulu's job listings pages currently show nearly 100 open positions.
Netflix Creates 'Families' Page to Win Subscribers
"Netflix Families," a new page on the video service's website, features rows of curated content, designed to appeal to families as they embark on vacations and keep kids occupied in the summer months when family viewing hours tend to increase by about 30%.
YouTube Channel Wigs Enters Partnership with Hulu
Wigs, arguably the highest-profile of YouTube's marquee-driven channels, has begun a partnership with Hulu. The channel will distribute longer-form episodes of its flagship show, "Blue," starring Julia Stiles, to the streaming service. Fox Broadcasting invested in Wigs earlier this year.
Google Uses 'Toothbrush Test' on Takeover Targets
Google, seeking to boost sales through acquisitions, uses an approach it dubs the "toothbrush test" to assess how frequently a potential target is used by consumers. "We ask ourselves, 'Is this something people use once or twice a day and does it solve a problem?' "
Facebook CEO Meets Samsung to Talk Partnerships
Mark Zuckerberg, seeking to boost Facebook's mobile advertising sales, has discussed potential partnerships with Samsung, according to the head of the South Korean company's handset division. Zuckerberg left Samsung's Seoul offices without answering questions.
Amazon Adds New Kids Content to Kindle FreeTime
Amazon has added 1,000 books, games, educational apps, movies and TV shows to Kindle FreeTime Unlimited, the service for youngsters that it launched six months ago. The service is a subscriber-based optional extension to a free feature for Kindle Fire tablet owners.
Tumblr Media Liaison Exits Amid Yahoo Takeover
Tumblr media evangelist Mark Coatney has announced plans to depart the Yahoo-owned blogging platform without another gig lined up. "I'm happy about the decision." Coatney had been recruited from Newsweek to help media companies get the most out of the platform.
Netflix to Run Original TV Series from Dreamworks
Netflix said it will start running original TV series from Dreamworks Animation. The multi-year agreement is its biggest deal ever for first-run content and includes 300 hours of new programming. Netflix has been adding original programming to its roster of movies.
Yahoo to Take Sky News Morning Show Worldwide
Yahoo has struck a deal to broadcast the U.K. Sky News morning show "Sunrise" across its network of websites in 177 countries. A "Sunrise" online hub will be hosted at Yahoo News U.K. Also, Yahoo will gain access to Sky News's live feed during breaking news.
AOL Enables Advertisers to Track User Emotions
AOL has unveiled a new platform that allows advertisers to see how people actually "feel" about their messages. The platform uses consumers' own webcams to read their facial expressions while watching a brand's content, in order to understand their feelings.
Facebook's Instagram to Introduce Short Videos
Facebook plans to unveil that Instagram, its popular photo-sharing app, will begin to let people also take and share short videos, according to sources. "Call it the Vine effect." An announcement is expected at the social networking giant's press event this Thursday.
Groupon Shares Surge on Optimism Over Mobile
Shares of Groupon surged after an analyst upgraded his rating on the stock to "buy," suggesting the daily deals site is poised for strong growth ahead. Ross Sandler of Deutsche Bank said he expects the company to grow in part by appealing to new customers with its mobile app.
Twitter Meaning of 'Tweet,' 'Follow' Enter Dictionary
The Oxford English Dictionary has expanded the definitions of "tweet" and "follow" to include their social media meanings. "This breaks at least one rule, namely that a new word needs to be current for 10 years before consideration. But it seems to be catching on."
Apple, Amazon Mulled Deal to Control Content
Eddy Cue, a high-level Apple exec, has admitted his company's deal with publishers caused some e-book prices to rise. He also revealed that Apple considered a setup in which the company would control the music market, while Amazon would monopolize books.
Twitter Launches #FollowMe Video Sharing Tool
Twitter has launched a tool that allows users to instantly create shareable movies depicting their social footprint — top tweets, photos and followers. The videos can include a large selection of licensed soundtracks from a catalog of more than 1 million songs.
LinkedIn Signs Up Bill Gates as Super Influencer
Microsoft cofounder Bill Gates has made his LinkedIn debut as one of the network's super influencers, an illustrious network of business moguls who contribute blog posts on the social media site. In his first post, Gates discusses skills he learned from Warren Buffet.
Myspace Founder's New Startup Acquires Studio
Mobile-social games company SGN, founded by Myspace cofounder Chris DeWolfe, has acquired another independent studio, Mob Science. Zynga had invested in Mob Science via its partners program. Terms of the SGN-Mob Science deal have not been disclosed.
CNET Founder's Bankruptcy Filing Thrown Out
Halsey Minor, the CNET Networks founder who filed for bankruptcy last month — five years after selling the company for $1.8 billion to CBS — has lost access to court protection after missing a deadline for handing in documents. Minor will seek to have the case reinstated.
AOL Chief Seeks Standards for Native Advertising
AOL CEO Tim Armstrong has called on the publishing community to band together to create standards around native advertising. "It's going to end up being too expensive to actually create native ads on all these different platforms," Armstrong warned.
Yahoo Buying Spree Continues with Startups
Yahoo's acquisition spree didn't culminate with a $1.1 billion deal for Tumblr. The company just made its second acquisition in 24 hours, quickly following its purchase of iOS photo app maker GhostBird Software with a deal for free conference calling service Rondee.
Google Intern Salaries Reach $6,700 Per Month
Google's interns held coveted positions even before being featured in the film "The Internship," which hit theaters last weekend. On average, interns there are paid $5,800 monthly, while specialized software engineer interns make as much as $6,700 per month.
Myspace Debuts Latest Incarnation in Revamp
Tim and Chris Vanderhook have unveiled the new Myspace, revealing a site focused on entertainment that combines social networking with streaming music. "Today more than ever there's this need for a creative ecosystem that caters to the creative community."
Facebook Eyes Twitter in Introduction of Hashtags
Imitation is indeed the sincerest form of flattery. Facebook plans to introduce the hashtag symbol to its network, effectively stepping in on territory long occupied by Twitter, the company that made the simple symbol a major part of online social communications.
Apple Mulls Bigger iPhone Screens, Multiple Colors
Apple is said to be exploring launching iPhones with bigger screens, as well as cheaper models in a range of colors, as it takes a cue from rival Samsung. The possible moves underscore how the company that once ruled the smartphone market is increasingly under threat.
Google: More Shoppers Using Phones in Stores
San Jose Mercury News
About eight in 10 smartphone owners use their phones while in stores to research products and prices before making a purchase, according to new research from Google. "There are people doing things with their phone in a store that we haven't seen before."
Pinterest Brings Pin Searching to Mobile Phones
Last week, Pinterest announced that users would be able to search their own pins. That functionality has now come to its mobile app. Grab the app update, and you'll be able to start searching your own pins wherever you are. The update also brings performance enhancements.
Twitter, Tumblr to Run New Chernin Reality Show
Wall Street Journal
Peter Chernin sees the entertainment industry's future in social media. This month, Chernin Group will launch "Summer Break," a reality show of sorts that will exist exclusively on social-media sites like Twitter and Tumblr, and is aimed at teens for viewing on mobile devices.
Netflix to Launch User Profiles Later This Summer
Netflix will allow subscribers to set multiple user profiles on a single account starting later this summer. The service will allow five or six different users to store their taste preferences on one account, so that Netflix's data engine can serve up personalized recommendations.
Pandora Buys Radio Station Eyeing Cheaper Costs
Pandora has agreed to purchase KXMZ-FM, a Rapid City, S.D., radio station. The move has little to do with strategic shift and everything to do with costs. By buying a station, Pandora piggybacks onto a settlement that gives better rates on royalty fees.
Google Buys Waze to Maintain Lead in Mobile Maps
Google has acquired the Israeli mapping startup Waze for just over $1 billion, buying an online real-time mapping service to safeguard its lead in one of the most crucial aspects of smartphone usage. Google plans on using Waze's service to enhance its Maps product.
Yahoo CEO Auctions Off Lunch Meeting for Charity
If you'd like to have lunch with Yahoo CEO Marissa Mayer, it will cost you at least $42,000. Following in the footsteps of Warren Buffett, Mayer will have lunch with a winning bidder to raise money for charity. Bidding site Charitybuzz is running the Mayer lunch auction.
Facebook's First Annual Meeting Not So Friendly
Facebook CEO Mark Zuckerberg faced his first shareholders' meeting in what has been a rocky ride for company investors. "We understand that a lot of people are disappointed in the performance of the stock, and we really are, too," Zuckerberg told shareholders.
Google, Facebook Users 'Should Quit' Over Scandal
Web users should boycott Google and Facebook if it is confirmed they were involved in a U.S. surveillance program, said professor Tim Wu of Columbia Law School. "When you have enormous concentrations of data in a few hands, spying becomes very easy."
Amazon Sales of Orwell's '1984' Soar After Reports
Sales of George Orwell's novel "1984," featuring a futuristic totalitarian state, jumped on Amazon.com following reports of a classified program that lets the U.S. government collect personal data. Barnes & Noble also has seen a "significant spike in sales" of the book.
Google to Roll Out Native Ads to Publishers' Sites
Google has announced it will begin offering native ads through its DoubleClick display ad platform on publisher websites. Google has been testing the ad units, which look like journalistic content but are actually sponsored by advertisers, with a handful of publishers.
Facebook Seen Building a YouTube of Its Own
Video is the next, important frontier for Facebook, according to Topeka Capital analyst Victor Anthon. "The real long-term opportunity with video is to avoid having Facebook drive traffic to YouTube." Essentially, Facebook may have to build its own YouTube-like service.
Yahoo Could Become the Next Major TV Network
Mediaocean CEO Bill Wise: "As the world waits to see if Yahoo will succeed in bringing Hulu into the fold, it's worth asking a long-term question about Yahoo and video. That question is this: Could Yahoo ever become the next major TV network? I think the answer is yes."
Hulu Bid Eyed by Middle East's Qatar Holding
Qatar Holding will be bidding alongside other top media firms to purchase Hulu. Reports suggest that seven companies have put forward proposals for the struggling online video service. Qatar Holding has aggressively pursued investment targets all over the world.
Dish, Sprint End Sale Talks as Softbank Ups Bid
Sprint Nextel said it has ended conversations with Charlie Ergen's Dish Network about a sale to the satellite-TV company and instead supports a revised bid by Japan's SoftBank. Sprint said Softbank has raised its bid by $1.5 billion to $21.6 billion, including $16.6 billion in cash.
Apple Unveils iTunes Streaming Music Service
Apple has unveiled its much-talked about free, streaming radio service, called iTunes Radio, after more than a year of negotiations with the music labels and publishers. ITunes Radio "is the best music player we have ever done," said Apple iTunes chief Eddy Cue.
Microsoft Seeks Gamers, Families with Xbox One
Microsoft, seeking to position its Xbox One entertainment console as the premium living-room choice for gamers as well as families, has showed exclusive titles such as "Halo" and set a price that surprised analysts. The Xbox One will hit U.S. stores in November for $499.
Twitter: $1 Million for Small Business Ad Credits
Twitter and JPMorgan Chase & Co. have teamed up on a program to encourage small businesses to advertise on the microblogging service. Twitter will award a total of more than $1 million in advertising credits to Chase's 4 million small-business customers.
Analyst: Facebook 'Growing Faster' Than Google
Facebook could be one of the "most compelling investments in the Internet sector right now," according to analyst Jordan Rohan, who sparked a rally in the social networking giant's shares by raising his rating from "hold" to "buy." Compared to Google, "Facebook is growing faster."
Twitter Followers Flock to New Hillary Account
Hillary Clinton has opened an account on Twitter, hinting that her future is "to be determined." After Clinton opened the feed, Team Hillary tweeters began pouring in to support the presumed U.S. presidential candidate. Within hours, she amassed more than 200,000 followers.
Facebook, Google Eyed Over Surveillance Reports
San Jose Mercury News
Reports about a clandestine government program for tracking Internet users has placed some of Silicon Valley's tech giants in an uncomfortable spotlight. Facebook, Google, Apple and Yahoo have all denied reports that they gave the government access to their servers.
Twitter Celebrity Product Plugs Draw U.S. Scrutiny
New York Times
A lack of clarity, increasingly common in the social media postings of celebrities like Miley Cyrus and Kim Kardashian, is drawing the attention of federal officials. "Like advertorials and infomercials, with Twitter, our view would be that the consumers have a right to know."
Google Bests Facebook in $1 Billion Deal for Waze
Google is said to be poised to acquire Waze, the navigation app start-up, for more than $1 billion. The news comes after months of reports that Waze would be sold to either Google or Facebook. Waze, with almost 50 million users, is one of the most popular navigation apps.
Study: Tablets Find a Home in More U.S. Homes
The love affair between Americans and their tablets shows no sign of abating. More than four out of 10 (44%) now own a tablet computer, according to a new survey from Frank N. Magid Associates. Ownership is even higher, at 54%, among those 18-34.
Nielsen: Social Networking Dominates Tablet Use
Los Angeles Times
A new report from Nielsen examines a fast-evolving segment of the media landscape: viewing on smartphones and tablets. Consumers are taking advantage of their portable devices to watch videos, access news, check sports, shop and engage in social networking.
Apple iRadio Streaming Service Ready to Launch
New York Post
Apple's so-called iRadio is expected to launch as soon as Monday. The tech titan's music streaming service moved closer to reality when it inked rights deals last week with Sony. Apple expects the service to grow into a $1 billion business over the next five years.
Rdio CEO to Step Down from Streaming Service
Rdio CEO Drew Larner is leading a search for a new CEO to expand efforts to sell combined music and video subscriptions to the streaming entertainment service. After a transition period, Larner, who has been CEO of Rdio since 2009, will stay on as executive chairman.
Intel Offers to Pay Up for Internet TV Service Deals
Intel's talks to buy content from media companies for its new TV service are said to be advancing, with the chipmaker offering to pay as much as 75% more than traditional cable rates. CBS, News Corp. and Viacom "have reached agreements with Intel on certain details."
YouTube Quietly Making Deals to Take On ESPN
YouTube is quietly brokering deals with major sports leagues, acquiring a mixture of highlight reels, archival footage and live streaming rights. Such deals could eventually place the video-sharing site in direct competition with ESPN, Fox and other sports-TV heavyweights.
Study Says Social TV Use Appears to Be Growing
The Council for Research Excellence has identified several social trends around TV. Its study shows that the young "super-connectors" who love tuning in and tweeting simultaneously are few in number. "The CW is going to get a lot more social activity than CBS."
Apple, Google User Data Eyed by U.S. Intelligence
The U.S. National Security Agency and the FBI are said to be tapping into the servers of nine Internet giants — including Google, Facebook, Apple, Yahoo and AOL — seeking to extract online chats, e-mails and other data that enable the tracking of foreign targets.
Facebook Makes Ads Look More Like User Posts
Facebook plans to make its ads appear more like ordinary posts by users, so that it becomes easier for companies to compete against people's "friends" for attention. Advertisers "are not just competing with other businesses; they are competing with life."
Google Boasts Predictive Powers for Box Office
Google said in a new study all the online searching and trailer-watching moviegoers do ahead of a film's release can have predictive powers at the box office. Four weeks before a film is released, search volume for a movie trailer "can predict its opening with 94% accuracy."
Yahoo in Talks to Buy Address Book App Maker
Yahoo is said to be in talks to buy Xobni, a maker of address book apps and plugins. Xobni could be a fit for Yahoo's mail and productivity tools, as it neatly creates automated profiles for each email contact with correspondence history and social network data.
TiVo, Motorola Reach Settlement in Patent Dispute
Google's Motorola has reached an out-of-court settlement with video recorder pioneer TiVo that could avert a trial to resolve their patent dispute. Motorola accused TiVo of infringing its patents for digital video recorders in 2011; TiVo filed a counterclaim a year later.
Hulu: Why Would Anyone Bid for 'Money Loser'?
Hulu has become a hot property in recent weeks, as multiple bids roll in. But some observers say Hulu faces major problems: Who owns the content and what will the licenses will be if the company changes hands? "To compete with Netflix and cable, it's a money loser."
Netflix Feels Impact of Roku Venture with Redbox
Netflix shares dropped after DVD-rental kiosk operator Redbox said its new Redbox Instant by Verizon video-streaming service will launch on the Roku set-top device this summer. Redbox is teaming up with Verizon in an effort to expand beyond DVD rentals.
Hulu Auction Expected to Get More Complicated
The ongoing auction for Hulu is one of the most anticipated sales of the year in the media world. But as Hulu's parent companies evaluate their options, each passing day creates more problematic uncertainty regarding the video service's executive team and workforce.
Netflix Dominates Subscription Video-on-Demand
Netflix dominates the subscription video-on-demand market, but Hulu and Amazon are making significant gains, according to a new report from the NPD Group. More than three-quarters of SVOD streaming activity is dedicated to TV watching, and Netflix controls 89%.
YouTube Partners Expressing Doubts Over Value
YouTube's biggest partners are beginning to question whether they will ever make enough money from the online video giant to sustain their businesses. The head of YouTube's most-subscribed channel says: "I'm not sure there is a lot of value in the 3-to-5 minute video."
YouTube: Ad Sales on Mobile Devices Have Tripled
YouTube has tripled advertising sales on mobile devices in the past six months, the company said, contributing as much as $350 million to revenue at the video website. About a quarter of YouTube's 1 billion global users now access the service via handheld devices.
Google to Run Advertiser Images with Search Ads
Silicon Valley Business
Google has announced that it will allow advertisers to run images alongside their search ads. The Internet giant previously only allowed text-based search ads. "Image extensions will show in some cases when we determine that a search is likely for visual content."
Twitter Enters Global Ad Partnership with WPP
In April, Twitter linked up with advertising giant Starcom in a deal worth "hundreds of millions" over a few years. Now it has another one, with Starcom rival WPP. A new global strategic partnership with WPP will bring "the launch of new data products and services."
Apple to Sell Audio Ads on 'iRadio' Music Service
Apple is said to be gearing up to sell audio ads on a music-streaming service it intends to unveil at its developers conference next week, going up against Google and Pandora in an increasingly competitive market. Apple has been working on the service for the past year.
Yahoo's Mayer is Top-Earning Chief in New Media
Yahoo CEO Marissa Mayer's $36.6 million of compensation last year makes her the top-earning new-media CEO, according to analysis from SNL Kagan. In 2012, Mayer drew just $454,862 in base salary, but got an enormous $35 million in stock and option awards.
Twitter is TV's Social Soundtrack, Costolo Says
Twitter has become the "social soundtrack" of TV because it is a new media company that is comfortable with old media, said CEO Dick Costolo. "We absolutely view it as complementary and as an additive world – not a world where you have to take a piece out."
Microsoft's Ballmer Touts Xbox One to TV Execs
Microsoft CEO Steve Ballmer visited Hollywood last week to tout the capabilities of the new Xbox One to industry execs. The visit was part of Ballmer's effort to drum up exclusive content, as Microsoft intends to launch more than 40 entertainment apps on the platform.
Amazon to Sell $800 Million in Ads, Forecast Says
Amazon's advertising business is forecast to generate more than $800 million in revenue this year, as the online retailer uses its consumer data and e-commerce engine to woo advertisers from rivals such as Google and Facebook. The estimate is from digital researcher eMarketer.
Anonymous Hacktivist Group Preps News Website
New York Observer
The hacktivist group Anonymous has raised almost $55,000 to build a news website to extend its coverage of current events and breaking news beyond its popular Twitter account. A release by the group says that the site will rely heavily on aggregation of indie news outlets.
Report: Parents Not Worried About Digital Media
The majority of U.S. parents are largely unconcerned about their young children's media use, according to a Northwestern University study. This despite 70% of parents saying that smartphones and tablets — so-called "digital babysitters" — don't make parenting any easier.
Amazon Locks Up Viacom Shows Bumped by Netflix
Netflix doesn't want Viacom shows like "Dora the Explorer" anymore. But Amazon is happy to pay up: Jeff Bezos and company have locked up some of the cable programmer's best-known kids titles, along with a pile of other TV shows from networks like MTV and Comedy Central.
Hulu Bidders Differ on Strategy in Takeover Fight
At least seven bidders are interested in acquiring Hulu, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online video service. Former top News Corp. exec Peter Chernin "may have the best chance at moving Hulu forward."
Study: Netflix, Hulu Dominate Mobile TV Viewing
The bulk of TV content watched on smartphones and tablets is provided through Netflix and Hulu Plus — not networks or pay TV, according to a study by the Nielsen-funded Council for Research Excellence. Networks have "the opportunity to promote their own content."
Yahoo Buying Hulu Not a Good Move, Analysts Say
The bidding war for Hulu has reportedly topped $1 billion, and at that level it simply doesn’t make sense for Yahoo to be in that game, analysts say. "A billion dollars seems very rich for the revenue stream that Hulu currently has. They're obviously not making money at that level."
Microsoft Mulls Major Restructuring, Exec Moves
Microsoft CEO Steve Ballmer is said to be working on what is likely to turn into a major restructuring of the software company, which could also move several execs to more prominent roles. The changes reportedly center on solidifying Microsoft in "devices and services."
Google Bans Adult Content on High-Tech Glasses
The first adult content app for Google Glass has launched, though not for long. Developer Mikandi released "T*** & Glass," allowing users to browse and vote on racy content. Google, however, has clamped down on its policies surrounding such adult material.
Twitter Rolls Out Vine App for Google's Android
Twitter is bringing Vine, the popular six-second looping video app, to Google's Android operating system, months after debuting it for Apple's iOS. Vine launched on Jan. 24 for people with iPhones and iPads and has climbed to 13 million users, but none for Android.
Apple 'Conspired' with Publishers Over E-Books
Apple conspired with publishers to raise the price of e-books in a scheme costing consumers "hundreds of millions of dollars," a U.S. government lawyer said. A three-week trial has got under way in a case pitting the Justice Department against the iPad and iPhone maker.
Zynga to Lay Off 520 Staffers in Refocus on Mobile
Zynga plans to lay off 18% of its workforce, in a bid to reduce costs and drastically restructure its troubled business toward mobile. The action by the social gaming firm behind "FarmVille" will also include the closing of its offices in New York, Los Angeles and Dallas.
Yahoo, Comcast Team for Regional Sports Show
Comcast SportsNet Bay Area, based in San Francisco, and Yahoo Sports have announced a partnership to produce "Yahoo SportsTalk Live," a new sports roundtable show featuring commentary, analysis and debate on the day's trending sports and entertainment stories.
Facebook to Join AOL, HuffPost at 770 Broadway
Crain's New York
Facebook, the $60 billion social media giant, has hit the Like button on New York's midtown south. The company has signed a 10-year deal for about 100,000 square feet of space at 770 Broadway, the home of AOL, the Huffington Post and Guggenheim Digital Media.
Hulu Sale Seen Likely as Three Bids Top $1 Billion
DirecTV and two other bidders are each said to be offering at least $1 billion for Hulu. The online video site has been weighing at least seven buyout offers and is expected to narrow those within weeks. Bids of at least $1 billion increase the odds that Hulu's owners will sell.
Netflix to Join Nasdaq 100 Amid Increase in Value
Netflix will join the Nasdaq 100 index this week. The company will replace drug maker Perrigo Co., which is transferring its stock listing to the NYSE. Netflix shares have more than doubled in value so far this year, and a move to the Nasdaq 100 isn't expected to hurt.
YouTube Paid Channels a Gamble for Media Brands
YouTube doesn't have too much to lose from testing the idea of paid channels. But the same can't be said for some of its early content creators who have invested to build up their channels. Most of the content companies YouTube selected are smaller businesses.
Twitter, Facebook Help Recreate 'Must-See TV'
Wall Street Journal
The spread of social media has had a huge impact on pop culture, letting fans interact with creators and stars, according to TV execs. "We see this huge trend. Social media is creating 'must-see TV' again, because fans want to have this massive Twitter party together."
AOL Sells Orphaned Music Sites to Townsquare
In April, AOL laid off most of the people who worked for its music sites. Now it has let go of the sites, too: Radio chain Townsquare Media Group has acquired country site The Boot, hip-hop site The Boombox, metal site Noisecreep, and ComicsAlliance, from AOL.
Apple Moves One Step Closer to Launching iRadio
New York Post
Apple's iRadio is one step closer to launching. The tech titan is said to have reached a deal with Warner Music that will help pave the way for its long-awaited streaming music service. Warner is said to have secured a 10% cut of the ad revenue from the upcoming service.
Napster Co-Founder Sean Parker Ties the Knot
Former Facebook president and Napster co-founder Sean Parker has married singer-songwriter Alexandra Lenas. The couple wed in front of 300 family members and friends at the swanky Ventana Inn & Spa in Big Sur. Forbes estimates the 33-year-old's net worth at $2 billion.
Google Ordered to Hand Over User Details to FBI
A federal judge has ruled that Google must comply with the FBI's requests for confidential user data, despite the search company's arguments that the secret demands are illegal. Because of the extreme secrecy requirements, documents in the case remain almost entirely under seal.
TheLi.st's Rachel Sklar Wins Investors for Startup
New York Times
Rachel Sklar — entrepreneur, networker, relentless promoter of women — is behind TheLi.st, an e-mail listserv and web community aiming to help women in tech. Thanks to the Knight Foundation and some angel investors, TheLi.st is about to become a business.
Deadline Hollywood: Rumors Surround Nikki Finke
Los Angeles Times
Speculation about Nikki Finke's future at Deadline Hollywood heated up after rival online publication The Wrap reported that Finke was dismissed from her position after clashing with Jay Penske, the CEO of Penske Media, which owns the Hollywood news website.
Google Ranks as World's Largest Media Owner
Google has topped ZenithOptimedia's Top 30 Global Media Owners report, with media revenues of $37.9 billion. The 2013 report saw Time Warner fall from first place in 2007 to sixth. "Google's position as the No. 1 media owner is testament to its expansion in key digital platforms."
YouTube Top Channel Smosh Eyes Jump to TV
Smosh could be making the move to TV. Alloy Digital, the company behind the top-ranked YouTube channel, is in talks with multiple cable networks about finding a second home for the talent across Smosh's five channels. Alloy is already signing up writers to support the expansion.
Twitter Preps Ad Exchange to Rival Facebook's
Facebook waited until after its public offering to go after the digital advertising dollars tied up in display retargeting with last summer's launch of Facebook Exchange. Twitter, reportedly planning an IPO for early next year, looks to follow suit -- but perhaps in a different order.
Facebook: Brokers Say Use Concerns Overblown
Shares of Facebook Inc jumped 5.6% after two investment brokerages upgraded their recommendations, arguing that concerns over the waning engagement of younger users were overblown. Still, the share price of the world's largest social network remains at a six-month low.
Google Cracks Down on Advertorials, Native Ads
Google has been enforcing its policies on paid links for years. But the search engine is really cracking down on advertorials and native advertising these days. "If your site offers advertorial content, you better make sure you're doing it the right way."
Tumblr CEO Tells Charlie Rose About Monetization
How will Tumblr be monetized? "In the short term it's going to be advertising, because we have such a big audience. It’s made up of 105 million blogs that people spend 24 billion minutes a month enjoying. The advertisements fit into spots where we already promote content."
Report: Big Opportunities Ahead in Internet, Mobile
Mary Meeker, a partner at Kleiner Perkins, has released her annual Internet trends report. Meeker said she sees a $20 billion opportunity in Internet and mobile advertising. The average smartphone user, she said, reaches for his or her phone 150 times per day.
BuzzFeed Launches 'Fresh' Web News Aggregator
BuzzFeed has launched Fre.sh, a microsite promising to display "the fastest rising stories from the best sites on web." The rank is determined by how fast a story is spreading, so the link at the top is the fastest rising story; The size of the text reflects how much traffic it receives.
CNET Founder Halsey Minor Files for Bankruptcy
Halsey Minor, founder of tech news site CNET and an early investor in Salesforce.com, has filed for Chapter 7 personal bankruptcy protection. Minor founded CNET in 1994 and sold it to CBS in 2008 for $1.8 billion. Said Minor: "If you win some you are going to lose some."
Huffington Post Offers 'Men Of' Calendar for Charity
The Huffington Post has released the first-ever "Men of HuffPost" calendar, benefiting the RaiseForWomen Challenge, a fundraising project for female-focused charities. The calendar "gives you a peek into the diverse, hunky and awkward group of men at HuffPost."
Roku Raises $60 Million from Hearst, News Corp
Roku, the streaming video device maker, has raised $60 million in its sixth round of funding. Hearst and an unnamed institutional investor joined existing backers such as News Corp. and its subsidiary BSkyB in the round. The funding brings the total raised to $140 million.
Aereo Eyes More Markets, Original Programming
Aereo plans to offer its service in additional cities in the next six to eight months. It is also open to offering cable network content, not just broadcast over-the-air signals. In the future, Aereo might even produce its own, independent programming, according to backer Barry Diller.
Facebook COO Sees More Teens on Tumblr, Twitter
Facebook is facing competition for younger users from Twitter and Tumblr, according to COO Sheryl Sandberg. While more teens are turning to rival social networks, Facebook usage is still growing among that demographic, she said. "Teenagers are using other things more."
Twitter CEO Won't Talk IPO, Keeps Focus on Growth
Twitter CEO Dick Costolo said the company remains focused on its effort to build out a "global town square," but does not intend to move into the news business. Twitter sees itself as "complimentary" to news outlets. He also refused to discuss whether the firm is planning an IPO.
Hulu International Chief Quits Ahead of Potential Sale
Johannes Larcher has resigned as head of international operations for Hulu, whose owners are weighing offers for the company. Larcher had led the online video service's 2011 expansion into Japan. Hulu is losing senior execs as its owners move forward with an auction.
Netflix CEO Says Company Better Off Independent
Despite many who would like to see a larger partner buy Netflix, CEO Reed Hastings said it is better off on its own. When asked whether an acquisition is possible, Hastings responded, "Netflix is really best independent because we are on so many platforms."
Amazon Picks Five Original Series to Vie with Netflix
Amazon plans to produce five full series for its Prime Instant Video service, giving the online giant a foothold in the market for online original content. "The success of this first set of pilots has given us the push to try this approach with even more shows. This is just the beginning."
Facebook Ads Pulled Over 'Offensive' Site Posts
Major advertisers have suspended Facebook marketing campaigns after their ads appeared alongside offensive posts, highlighting the risks of a new form of "targeted" advertising. The cancellations follow complaints from women's rights groups over content on the site.
Twitter Looks to Hire Head of Music Partnerships
Twitter has posted a job listing seeking a head of music partnerships to lead the team in Los Angeles. The new position will lead the company's music strategy, just launched in April, which includes making Twitter valuable to both the talent and the music labels.
Circa Taps Reuters Social Media Head for Editor
Circa, a mobile-focused news startup, has named Anthony De Rosa as its new editor in chief. De Rosa has been the social media editor for Thomson Reuters for the past two years, aiming to grow the company’s social presence with his active Twitter and Facebook presence.
Medium to Serve the Next Generation of Bloggers
Medium, a self-publishing platform launched last October, aims to serve the next generation of bloggers. "Medium is a beautiful space for reading and writing — and little else," said founder Evan Williams, who also co-founded Blogger and Twitter. "The words are central."
Report: Tablet Devices to Overtake PCs by 2015
Global shipments of tablets will eclipse personal computers in 2015, as consumers flock to lower-priced and smaller alternatives to the Apple iPad, according to IDC. PC shipments may decline 7.8% this year, the worst annual drop on record, the market researcher said.
Google to Polish Image in Movie from News Corp
When "The Internship," a comedy starring Vince Vaughn and Owen Wilson, hits movie theaters on June 7, Google will be taking more than a little interest. In an unusual collaboration, the Internet giant was closely involved with the film, a $58 million 20th Century Fox production.
Apple CEO Says Game Changers in Development
Tim Cook, seeking to quell concerns about Apple's ability to innovate in consumer electronics, said his staff "has several more game changers" in the pipeline. He singled out TV and wearable computing as areas of interest. Apple hasn't released a new product since October.
Netflix Stock Sinks on Mixed Reviews of 'Arrested'
The hoopla surrounding the return of "Arrested Development" on Netflix has quickly dissolved into a letdown on Wall Street. Netflix's stock fell by more than 6% as investors reacted to critics' mixed reviews over the weekend of the first new "Arrested Development" episodes.
Hulu Former CEO Re-Emerges at New Stealth Startup
Former Hulu CEO Jason Kilar and CTO Richard Tom are said to be working on a new stealth startup. While details of their plans are still a little fuzzy, the two have secured office space in Los Angeles and are actively hiring engineers for their new venture.
Survey: Brits More Willing to Pay for Online Content
Britons are spending fewer hours watching TV and browsing social media sites than in previous years, according to a survey from KPMG. They are also increasingly willing to pay for content. "Consumers are increasingly prepared to spend money, especially for digital."
Gawker Raises $200,000 to Buy Video of Mayor
Gawker's "Crackstarter" campaign on Indiegogo has reached its goal of raising $200,000 to purchase a drug dealer's video allegedly showing Toronto mayor Rob Ford smoking crack cocaine and post it online. The mayor has repeatedly denied the allegation.
Google to Build Wireless Networks in Africa, Asia
Wall Street Journal
Google has begun work to build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, as part of a plan to connect a billion or more new people to the Internet. Google has also considered helping to create a satellite-based network.
Yahoo Joins Growing Number of Bidders for Hulu
Yahoo has submitted a bid to acquire Hulu, as the Internet giant tries to add more online video that can appeal to advertisers. At least seven companies have submitted bids for Hulu, including DirecTV, Time Warner Cable, Guggenheim Digital Media and the Chernin Group.
YouTube to Unveil CNN-BuzzFeed Video Channel
Wall Street Journal
BuzzFeed has accelerated its efforts to become a news destination for young adults, joining with CNN and YouTube to create a new, online-video channel. The "CNN BuzzFeed" YouTube channel, launching Tuesday, offers content designed to be shared over social media.
Netflix 'Arrested' Expected to Use Up Bandwidth
Netflix has made the fourth season of "Arrested Development" the most highly anticipated original show ever to premiere on the media service. "Arrested" was expected to use up more than 5% of the streaming site's bandwidth on Sunday, the day of its return.
Twitter's New Authentication Can Be Abused
Twitter's new two-factor authentication feature could be abused to lock users who don't have it enabled out of their accounts if attackers gain access to log-in credentials, according to researchers. The two-factor authentication is intended to make hacking more difficult.
Tumblr Millionaires to Reinvest in New York Tech
Crain's New York
Yahoo's $1.1 billion deal to buy Tumblr will create a cluster of instant millionaires, some of whom will use their new wealth to become angel investors and entrepreneurs. "We're going to see a pretty significant infusion into New York's tech ecosystem."
Automattic's WordPress Firm Attracts $50 Million
Automattic, the company that operates the blogging service WordPress, has announced a $50 million investment from hedge fund and private-equity investor Tiger Global. WordPress powers the blogs at companies such as CNN.com and TechCrunch, said a spokeswoman.
Huffington Post Tablet Mag Struggling for Ads
When The Huffington Post's weekly iPad magazine transitioned from a pay model to free last August, advertising was intended to sustain the tablet-native title, as consumers had resisted paying for it. Almost a year postlaunch, it looks like advertisers are rejecting it, too.
Hulu Online Video Site Auction Attracts Four Bidders
Former News Corp. president Peter Chernin and private-equity fund Guggenheim Digital Media are said to have placed bids for Hulu, triggering a tug-of-war for the online video service. DirecTV and Time Warner Cable also are believed to have submitted offers.
YouTube Tops Again in Online Unique Video Views
YouTube is going to be tough competition to beat. With 154 million unique video views in April, the social video site is the top spot once again on the Internet for online video consumption, according to a new report from comScore. Facebook came in at a distant second place.
Tremor Video Ad Network Files for Public Offering
Tremor Video, a video ad network that has been eyeing a public offering, has finally decided to go ahead with one. The New York-based firm has filed its S-1, and should be headed out on a road show within the next month. Tremor's ads run on some 500 websites and apps.
Yahoo Snagged Tumblr; Who's Next On the Block?
Following Yahoo's buy of Tumblr, other acquisition targets could include the likes of Pinterest, Kickstarter, Yelp and Etsy. For tech and media companies looking to buy into social media, the formula will likely be to target sites whose users are young and mobile.
Tumblr Employees Hit the Jackpot in Deal with Yahoo
While Tumblr founder David Karp will receive some $253 million and a small amount of Yahoo stock from the deal with Yahoo, his colleagues won't go away empty-handed. The first 30 employees from Tumblr's early days stand to make an average of $3.6 million each.
Google Mulls Acquiring Waze Presaging Bidding War
Google is said to be considering buying map-software provider Waze, setting up a possible bidding war with Facebook. Waze is believed to be fielding expressions of interest from multiple parties and is seeking more than $1 billion. The startup might also remain independent.
Facebook Looks to Relocate Offices in New York City
Crain's New York
Facebook is said to be considering taking 160,000 additional square feet of office space in Manhattan. The social networking giant is negotiating to lease the seventh and eighth floors at 770 Broadway, a building that houses offices for AOL and Guggenheim Digital Media.
Twitter Cozies Up to Television with New Ad Products
Wall Street Journal
Twitter has rolled out advertising products aimed at showing it wants to be TV's friend. The social networking site unveiled a new capability to let advertisers send follow-up ads on Twitter to people who have just seen their ad on TV. Television companies will not get a cut.
Netflix to Revive 'Arrested Development' on Sunday
More than six years after Fox canceled "Arrested Development," the cult-comedy favorite returns with 15 new episodes exclusively on Netflix, available for streaming all at once, Sunday at 3:01 a.m. ET. And diehard fans can't wait, if activity on social media is any indication.
Verizon, Jennifer Lopez to Open Mobile Phone Stores
"Jenny from the Block" wants the block to buy Verizon phones from her. Jennifer Lopez plans to open a chain of cellphone stores and a website under the Viva Movil brand. The aim is to sell Verizon phones and services to Latinos. The first store opens in New York on June 15.
Amazon 'Kindle Worlds' Lets Fans Sell Their Stories
Fan fiction, in which aficionados of existing books write characters into new storylines, has long been popular fodder on Internet forums — but stories based on copyrighted works are difficult to sell. Amazon wants to change that with its new "Kindle Worlds" program.
Google Faces New Federal Probe Over Display Ads
Federal investigators have begun probing whether Google is using its increasingly potent position in the online advertising market to undermine competition, an issue officials have monitored since its acquisition of digital ad company DoubleClick in 2008.
Vice Media Founder Offers Advice to Legacy Media
Vice Media founder Shane Smith would seem to be the ultimate new media insurgent. But what Vice does isn't so complicated, Smith said. "There is a perception that young people don't care about news. We've found that isn’t true at all. Most of our growth is in news."
Twitter Has Been F----- Up by Media, Kutcher Says
Twitter used to be cool, but the media has royally screwed it up, according to angel investor Ashton Kutcher. "Twitter's experience has changed for me. It used to be a really personal experience that I could share. The media kind of f----- it up. Retweeting hurt Twitter the most."
Survey: Women Prefer Mobile Devices Over Sex
Some 57% of U.S. women would choose their mobile device over sex, according to a survey by AVG Technologies, an Internet security company. In fact, women are becoming increasingly detached from their relationships as they become more attached to their devices.
Apple iWatch Not Due Until Late 2014, Analyst Says
Consumers awaiting Apple's watch-like device might need to wait until next year before the gadget sees the light of day. That's according to KGI Securities analyst Ming-Chi Kuo, who said Apple "may not have adequate resources" to develop a version of iOS for the device.
Gawker's Denton: We Helped Out Anderson Cooper
Ten years ago, Nick Denton started Gawker with the idea of capturing the gossip that journalists tell one another privately. Since then, he has been at the center of several battles with celebrities. "I'm proud to say we played a part in outing Anderson Cooper," Denton said.
Webby Awards Toast Tumblr Millionaire David Karp
New York Post
David Karp, the 26-year-old whose Tumblr site was acquired by Yahoo for $1.1 billion, had Cipriani Wall Street buzzing at this week's Webby Awards. Arianna Huffington announced: "The theme at this year's Webbys is 'Winning is Huge,' a k a 'The Story of David Karp.' "
Twitter Ups Security After Hacking Spree on Media
Twitter has unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press and the Financial Times. The micro blogging site has begun rolling out an optional "login verification" service.
Tumblr Founder Not a Billionaire After Yahoo Deal
When Yahoo announced it would acquire David Karp's Tumblr, rumors swirled that the 26-year-old entrepreneur had become a billionaire. However, Forbes estimates that Karp, after taxes, will be about a fifth of the way to the $1 billion threshold with Yahoo's $1.1 billion deal.
Yahoo's Rise in Asia Offsets Risk from Tumblr Buy
Yahoo CEO Marissa Mayer's $1.1 billion acquisition of Tumblr will be a test of her ability to revive the aging web portal. But some investors and analysts say that Wall Street is more focused on the rising value of Yahoo's Asian assets, such as its 24% slice of China's Alibaba.
YouTube CEO Named Media Person of the Year
The Cannes Lions International Festival of Creativity has named YouTube CEO Salar Kamangar its Media Person of the Year. Every year, the so-called Oscars of advertising bestows this honor on a media figure whose innovation plays a larger role in shaping the industry.
Hulu's TV-Focused Owners Assert Ad Sales Control
Hulu's three TV-focused owners are taking more control of the streaming-video site's ad sales. As part of a new agreement, ABC, Fox and NBC are to retain control over some 90% of ad inventory attached to current-season programming. The arrangement is apparently a flip of sorts.
Microsoft Xbox One Stakes Claim to Living Room
Microsoft's focus during the unveiling of its new Xbox One demonstrates the company's bid to secure a digital hub in living rooms. "Team Xbox is on a new mission," said Microsoft's Don Mattrick, adding that the console is the "ultimate all-in-one-home entertainment system."
Google Fiber Not Going Nationwide, Report Says
Google's heralded fiber optic network is likely to remain a minor player in the U.S. broadband market, with the search behemoth unlikely to deploy the service nationwide due its high cost, according to IHS Screen Digest. IHS believes Google Fiber will remain in smaller markets.
Yahoo to Raise Tumblr to Facebook, Twitter Status
One of Tumblr's earliest investors, venture capitalist Fred Wilson, said the Yahoo deal will lead to an influx of advertising on the platform and bring it to the level of Facebook and Yahoo in the minds of advertisers. Tumblr's native ad system is "beautiful," he said.
Facebook Losing Interest of Teenagers, Study Says
A study by the Pew Research Center and the Berkman Center for Internet & Society has confirmed anecdotal evidence that Facebook is falling out of favor with teenagers. "Teens who used Twitter and Instagram reported feeling like they could better express themselves."
Netflix to Import New Gervais British Comedy 'Derek'
Ricky Gervais's latest British TV comedy is coming to the United States. But this time, unlike with "The Office," it won't be a remake with American actors; it will be the British original. "Derek," written by and starring Gervais, will be released Sept. 12 on Netflix.
BuzzFeed to Launch Coverage of Business News
Talking Biz News
BuzzFeed is expected to officially launch its business news coverage on Wednesday. The social news site has hired a team of business journalists to produce "smart, sophisticated analysis that can hold up against the Times, the FT, the Journal," said business editor Peter Lauria.
Hollywood.com News Website Lays Off Reporters
New York Observer
Layoffs are hitting Hollywood.com, the entertainment-news website. Reporters are announcing that they are newly unemployed via Twitter: "Anyone looking for a writer? I was laid off from Hollywood.com today along with several of my other fabulous co-workers. Hire us!"
Reddit Helps Find Missing Pets in Oklahoma Tornado
After misidentifying a potential suspect in the Boston bombing, Reddit is on the road to redemption. The social news site created a "subreddit" to help relocate missing pets in Moore, Okla., following the devastating tornado. "Found chihuahua near plaza towers," one post reads.
Tumblr's Karp Scolds ABC News Over 'Hipster' Label
New York Post
Don't call Tumblr mogul David Karp a "hipster." The 26-year-old, shaggy-haired CEO — who sold his site to Yahoo for $1.1 billion — scolded ABC's George Stephanopoulos for branding him "the original hipster CEO." Said Karp: "I don't know if I really appreciate that one."
Target to Test Netflix-like Video-Streaming Service
Target is testing a Netflix-like movie streaming service with its own employees. Called Target Ticket beta, the service offers "instant access to 15,000 titles, new releases, classic movies and next-day TV." The move comes as video streaming is becoming a challenger to TV.
YouTube Posts Pirated Version of 'Star Trek' Movie
A pirated version of "Star Trek Into Darkness" was posted on YouTube Sunday night, where was accessible for more than 24 hours. The Paramount Pictures film was released on Friday. The video appeared to have been shot on a hand-held camera in a movie theater.
Yahoo to Move Into Former New York Times Building
New York Times
Yahoo, the web giant web that just announced plans to acquire Tumblr for $1.1 billion, is moving its New York headquarters into the former home of the New York Times, on 43rd Street. Yahoo hopes to erect a large illuminated sign with its name at the top of the building.
Tumblr Buy Turns Attention to More Potential Targets
In the wake of Yahoo's plan to snap up Tumblr, the attention has shifted to other private tech companies that could be next. Several other potential takeover targets in the media and tech sectors have been identified. They include: Foursquare, WhatsApp, Waze and Hulu.
Apple Avoids Taxes with 'Web' of Offshore Entities
Apple used a "complex web" of offshore entities that allowed it to pay little or no taxes on tens of billions it earned overseas, according to a Senate investigation. Apple's scheme was "unprecedented" in its use of multiple affiliates that had no semblance of a physical presence.
Facebook Hit with Lawsuit by Eminem Publisher
Eight Mile Style, the firm that administers the rights to Eminem's music, has filed a lawsuit against Facebook. The complaint accuses the social network of lifting one of Eminem's songs for the launch of a new application called "Facebook Home," among other charges.
Microsoft Xbox Live Preps 'Music Room' TV Project
Xbox Live plans to host a new interactive TV project, The Music Room, as Microsoft looks to increase its presence in entertainment. Described as a "new interactive series," The Music Room's first show will feature former Libertines co-frontman Carl Barat as its special guest.
AOL Mulls Launch of 'Bling' Subscription Business
Is there room for another subscription commerce business? AOL has been working on a new operation that it is calling "Bling Thing," a business that would offer "subscriptions to receive boxes filled with assorted items in the fields of consumer products and consumer services."
Yahoo Vows Not to 'Screw Up' Tumblr in Acquisition
Yahoo and Tumblr have announced a deal for the Internet giant to acquire the New York-based blogging startup for $1.1 billion. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business," said the official press release.
Facebook Transforms Into Media Giant After IPO
Facebook is said to be on its way to becoming "another big media company in a tech startup hoodie." A year ago, the social networking giant went public, "and a company that previously hadn't even bothered to put ads on its mobile product suddenly had to answer to Wall Street."
Google's New Glasses Eyed by Adult Film Industry
Adult film directors said they plan to use the new high-tech Google Glass eyewear for their flicks to explore the "full potential" of the technology. "A device that allows you to shoot high-quality video in a truly hands-free fashion will make shooting 'point of view' that much easier."
Microsoft New Xbox to Battle Tablets, Smartphones
Wall Street Journal
Microsoft will unveil its new Xbox on Tuesday. What's underneath the hood of the latest videogame console represents a multiyear odyssey of trying to figure out how to keep the machine "cool" in the age of smartphones and tablets. The last Xbox was rolled out in 2005.
Hulu Video Site Acquisition Considered by DirecTV
Wall Street Journal
DirecTV, the second largest U.S. pay-TV provider, is said to be weighing a potential bid for Hulu, the latest company to show interest in the six-year-old video site. Pay-TV operators could be interested in Hulu in part to expand their so-called "TV Everywhere" services.
YouTube Worth $20 Billion by 2020, Analysts Say
YouTube could be a $20 billion business within seven years, according to a research note from Morgan Stanley. Based on the site's current share of the video advertising market, analysts at the firm estimate that YouTube will do $4 billion in gross revenue this year alone.
Twitter Teams with NBA to Stream Replay Videos
Twitter has teamed with the National Basketball Association to stream video clips of game highlights as the blogging service expands beyond 140-character status updates ahead of a possible initial public offering. Short advertisements will appear alongside the clips.
AOL's Patch Names New CEO, Lays Off Staffers
Jon Brod will step down as CEO of Patch, the AOL local content site, according to a memo sent to employees. He will be replaced by COO and president Steve Kalin. Also, the company is said to be laying off about 3% of its 1,400 employees, to help "make Patch profitable."
Pinterest Makes Move to Work with Big Brands
Pinterest plans to announce a new type of pin that will highlight major U.S. retail brands, marking its first step in integrating images with associated brands -- and making it easier to purchase items. Launch partners include Bon Appetit, Epicurious and Martha Stewart Living.
Gawker's Gizmodo Pivots From Gadgets to Design
New York Observer
Gizmodo, Gawker Media's tech blog, is getting a new editor and a new focus. Geoff Manaugh, a former senior editor at Dwell magazine and contributing editor at Wired U.K., will take over. Manaugh is bringing his architecture and design website along with him.
TMZ Launches Bus Sightseeing Tour in New York
Celebrity-gossip site TMZ has rolled out a New York City sightseeing tour for tabloid-obsessives. The two-hour bus ride will, according to the company, make around 70 stops. The TMZ team has been coy about the route, except to say that it will "change constantly."
Yahoo Approves $1.1 Billion Acquisition of Tumblr
The board of Yahoo has approved a massive deal to pay $1.1 billion in cash to acquire Tumblr. The deal was said to be a unanimous vote by the Internet giant. Despite reports, there were no other competing bids to snap up the New York-based hipster blogging service.
Internet Week New York to Gather Tech Celebrities
Famous names in the tech world will descend upon lower Manhattan to "geek out" during Internet Week New York, the annual festival kicking off Monday. BuzzFeed founder Jonah Peretti and Neil Blumenthal of Warby Parker will mix with the likes of Jerry Seinfeld and Frank Ocean.
Survey: Young People Prefer to Read on a Screen
Young people are now much more likely to prefer to read on a computer screen rather than a printed book or magazine, according to a survey by the U.K. National Literary Trust. "Not only are young people more likely to read on electronic devices, they also do it more often."
Facebook 'Fatigue' Stirs Concern Among Investors
As Facebook marks its first year as a public company on Saturday, it is facing pressure from investors to address fears that young people are losing interest in the social network. Many investors believe that under-25s are defecting to services like Twitter and WhatsApp.
Google Glass Targeted by Congress Over Privacy
Wall Street Journal
Members of Congress have asked Google to make assurances about privacy safeguards for the Google Glass wearable-computing device, which isn't yet for sale. The demands come as Google coaches developers on how to write programs for the new product.
Yahoo in Talks to Acquire Tumblr in $1 Billion Deal
Yahoo is said to be in serious talks with Tumblr to acquire the social blogging site. The deal is not done, but could reach as high as $1 billion. Such an acquisition could be just what CEO Marissa Mayer has been looking for to turn around Yahoo's momentum.
Apple App Store Surpasses 50 Billion Downloads
Apple said its customers have downloaded some 50 billon applications from its App Store since its launch in 2008. The App Store had 500 apps when it first opened. It now has more than 850,000. Apps range from newspapers and magazines to games and business tools.
YouTube: Judge Denies Copyright Class Action
In a nearly six-year-old dispute, a U.S. judge won't allow a large number of copyright owners to pursue YouTube in a massive class action. The lawsuit was brought by a group of plaintiffs including U.K.'s professional soccer league and the National Music Publishers Association.
Groupon Founder Plans Launch of New Company
Groupon co-founder Andrew Mason is heading to San Francisco to work on launching a new company. The former CEO announced on his blog that he has "accumulated a backlog of ideas over the last several years" and will be turning his favorite one into a company this fall.
Yahoo to Display Twitter Updates in Streaming News
Marissa Mayer plans to start displaying posts from Twitter alongside other items featured in news feeds on Yahoo. U.S. users will see updates from the microblogging service on desktop and mobile versions of Yahoo's news service in the next few days, the CEO said on a blog post.
Netflix Dominates Video Viewing on Tablet Devices
Netflix accounts for more than one-third of the total video-viewing time on tablet computers, according to the NPD Group. The average tablet user watched two and a half hours of video per week from the on-demand service in March. Netflix is "the most consumptive" app.
Apple App Gives Hollywood Horror Flick Wide Release
Hollywood's latest horror flick, "Haunting Melissa," opens today on the small screen. Hooked Digital Media, distributor of the film, is making the movie available through an app on Apple's tablets and smartphones. Users can download the title one segment at a time.
MPAA Unveils Legal Access Site for Movies, TV Shows
Los Angeles Times
The Motion Picture Association of America has announced the launch of a new site that will serve as a one-stop shop for audiences looking for legal ways to watch movies and TV shows online. The new WheretoWatch.org lists several services, such as Amazon, Netflix and Hulu.
Google Unveils Online Game, Photo, Music Features
Google's sixth annual conference for software developers opened with a chance for the company to showcase its latest services. Announcements included new features for online games and search, a music-streaming service and enhancements to its Google Plus social network.
Microsoft, Samsung Developing High-Tech Eyewear
New York Post
Samsung and Microsoft are getting in the glass game. Both companies are developing their own high-tech eyewear to rival the recently announced but not yet for sale Google Glass. The two powerhouses are expected to show off web-connected glasses within six months.
Yahoo Eyes Younger Users in Push to Become 'Cool'
Yahoo plans to ramp up advertising and marketing efforts as it seeks to break its reliance on an "aging demo" and become more relevant to young adults, said CFO Ken Goldman. "Part of it is going to be just visibility again in making ourselves cool, which we got away from."
AOL Quietly Sells Trade Media Unit to Web Publisher
AOL has sold its trade media unit, AOL Industry, to Breaking Media, publisher of sites including Dealbreaker and Fashionista. The AOL unit consisted of three sites, AOL Defense, AOL Energy and AOL Government. More closures of unprofitable AOL sites are expected.
Hulu Bid Eyed by Time Warner Cable, Cable Partners
New York Post
Time Warner Cable CEO Glenn Britt has been talking with other cable-TV providers about making a joint bid for Hulu. Cable companies could turn the web-TV hub into an authenticated service, meaning cable subscribers would get it for free. "They want real bids in by May 23."
YouTube Forecast to Make $4 Billion from Ads in 2013
YouTube will generate about $4 billion in advertising revenue this year, according to analyst Ian Maude of Enders Analysis. Television's growth is largely driven by older viewers, he added. "We're seeing a divergence between what the under-35s and over-35s are doing."
Netflix Shares Rise on 'Arrested Development' Hopes
Netflix shares rose to its highest since August 2011 after saying its revival of the cult TV show "Arrested Development" could help second-quarter results. The program, which becomes available starting May 26, "might have an impact” on the company's financial performance.
Rovio's 'Angry Birds' Move to Big Screen via Sony
"Angry Birds," the video game that became the top-selling mobile-phone app of all time, is coming to the big screen. The animated 3-D film will be distributed by Sony Pictures on July 1, 2016. Sony was among several Hollywood studios seeking the distribution rights.
Huffington Post Founder Invests in Travel Site Skift
Crain's New York
Nine-month-old travel industry site Skift, which aims to be a new kind of business-to-business media company, has raised $1.1 million in seed financing. Though it's a relatively modest sum, it comes from some major players. The investment was led by Lerer Ventures.
Gawker Chief Denton to Marry Longtime Boyfriend
New York Observer
Gawker Media overlord Nick Denton is engaged. Denton proposed to his actor boyfriend, Derrence Washington, over the weekend, and they are planning on a wedding next May in upstate New York. "This is the one event even I wouldn’t gossip about," the website publisher said.
Google to Unveil New Subscription Music Services
Google is said to be planning to unveil new subscription music services at the Google I/O conference. The Internet giant reportedly has signed licensing deals with Universal Music and Sony Music for both YouTube and Google Play, setting the stage for such an announcement.
YouTube's StyleHaul Network Hauls In $6 Million
StyleHaul, the YouTube network dedicated to fashion and shopping, has raised another $6 million, this time via an investment from RTL Group, the European TV and radio conglomerate. An earlier funding round brought in $6.5 million from Bertelsmann and other investors.
Netflix Still Eats a Third of the Internet Every Night
For the last three years, Netflix has accounted for a third of the Internet traffic zipping into North American homes every night. The company "is streaming more video than ever." Web video rivals Amazon, HBO and Hulu all say they are seeing significant growth as well.
AOL's New Series Presents 'Candid' Nicole Richie
Telepictures has teamed up with AOL to create the web series "#CandidlyNicole," with Nicole Richie, inspired by the performer's Twitter account. Each weekly video is about five minutes. "This will be a developmental tool for me to build my brand," Richie said.
Apple Worked to Fix E-Book Prices, U.S. Filing Says
Apple engaged in a horizontal price-fixing scheme with major publishers to violate antitrust laws by working "to strip retailers of pricing authority," the U.S. Justice Department said in a court filing. The department's antitrust division filed papers for a trial to begin June 3.
Google CEO Page Says He Has Vocal Cord Paralysis
When Google CEO Larry Page stopped talking at events last summer, some company watchers feared the worst. But Page has revealed that he is perfectly healthy, and his raspy voice is due to vocal cord paralysis. His doctors speculate it is virus-based nerve damage from a cold.
Apple CEO Cook Coffee Auction Closes at $610,000
After 86 bids, the coffee meeting with Apple's CEO has sold for $610,000. The "power meeting" was part of a campaign by auction site CharityBuzz to raise money for the Robert F. Kennedy Center for Justice and Human Rights. The auction is tied for CharityBuzz's highest grossing.
Netflix Shares Up Amid Transformation Into Network
So far this year, Netflix shares are up nearly 148%, closing at $229.38 on Monday. Its original content is attracting new subscribers and more shows are in the works. "We are really turning Netflix into a network instead of being a broad distributor," said a spokesman.
Aereo Says Atlanta is Next for Streaming TV Service
Aereo is on a roll, with plans to bring its streaming TV service to Atlanta. The launch is scheduled for June 17, the company has announced. The capital of Georgia will be the third city to get the Aereo service, following New York and, from Wednesday of this week, Boston.
Twitter Valued at Nearly $10 Billion by Shareholder
Twitter has been valued by shareholder GSV Capital at almost $10 billion, higher than a previous estimate. GSV has revealed that it owns more than 1.9 million shares in Twitter amid continued speculation that the micro-blogging site could stage an initial public offering next year.
LinkedIn Has Global Ambitions for Social Network
LinkedIn's top execs aim to establish the website as an integral part of the global economy. "We would have a digital profile for every company in the world," said CEO Jeff Weiner, "and a professional profile for every one of the 3.3 billion people in the [worldwide] workforce."
Google, Apple Help Build $6 Billion Wearable Market
As Apple and Samsung develop smart watches and Google prepares to roll out web-enabled eyewear, software developers are springing up to lend a hand and reap the profits. The wearable-computer market may swell to $6 billion by 2016, according to IMS Research.
BuzzFeed, Twitter Named Among Media Disruptors
Aereo, BuzzFeed, Spotify, Tumblr and Twitter are the companies shaking things up most in the media sector, according to CNBC's new "Disruptor 50" list. The roundup was made from nominations by venture capitalists, industry analysts, startup investors and beat reporters.
Twitter CEO Quits UK Director Role Post TweetDeck
Dick Costolo has resigned as director of Twitter's U.K. arm, two days after British regulators dissolved the company's other firm, TweetDeck, for repeated failure to file its accounts. The California-based micro-blogging giant controls its U.K. firm through an Irish subsidiary.
YouTube's New Subscriptions Don't Include Stars
YouTube has finally rolled out its paid subscription service. But the world's biggest video site went out of its way to downplay the launch, describing it is as the first stage of an experiment. The initial list of channels includes few mainstream brands, shows or YouTube-native stars.
Google, Facebook Eye Messaging App WhatsApp
Los Angeles Times
Start-up mobile messaging apps have surged, displacing traditional SMS texts. Silicon Valley titans now want in on the action. Both Facebook and Google have reportedly approached WhatsApp about a possible buyout. But WhatsApp said it plans to remain independent.
EBay Preps New Home Page Inspired by Pinterest
Crain's New York
EBay's New York office is working on making shopping on the site more like hanging out on Pinterest — turning a property once known for auctions of attic junk into an eye-pleasing stream of merchandise "curated" according to user preferences. "It's Amazon meets Pinterest."
Thrillist Guy Selling to Dudes Overseas via Mobiles
Ben Lerer used to make money by telling dudes where to spend their money, via his Thrillist e-mail startup. Then he got dudes to spend money, via his JackThreads e-commerce site. Now Lerer has figured out a new line extension: Selling stuff to dudes overseas, via phone.
Netflix Aims to Become Next HBO - or Time Warner
Netflix is striving to become an entertainment power on par with HBO — if not HBO owner Time Warner, according to a Bloomberg Businessweek cover story about the company and CEO Reed Hastings. "Netflix's goal is to become HBO before HBO can become Netflix."
YouTube Unveils Paid Subscriptions for Channels
YouTube is launching a pilot program in which users can pay to subscribe to channels like Ultimate Fighting Championship and Sesame Street. Subscription fees start at 99 cents per month, and viewers can test out a channel for free as part of a 14-day trial.
Google Abandons Plan to Introduce Credit Card
Google will update its Wallet product at its I/O developer conference next week, but will not include the physical credit card that the company had considered launching at the event. The card was part of Google’s larger strategic goal to know more about consumer purchases.
Disney Trademark Sparks Outcry on Social Media
Disney's effort to trademark "Dia de los Muertos," the name of the traditional "Day of the Dead" holiday, for an upcoming film sparked anger on social media, expressed largely by Latinos. Disney later dropped the trademark request, saying the film's name would change.
Amazon Developing Smartphone with 3-D Screen
Wall Street Journal
Amazon is expanding beyond its range of Kindle devices as it aims to compete more directly with Google and Apple. The e-commerce giant has recently been developing a wide-ranging lineup of gadgets, including two smartphones and an audio-only streaming device.
'Pinterest Stress' Afflicts Many Moms, Survey Says
In a survey of 7,000 U.S. mothers, 42% said they sometimes suffer from "Pinterest stress" – the worry that they're not crafty or creative enough. Pinterest "tricks you into thinking that everyone is baking their own bread." The social media service is "a site of unrealized dreams."
Twitter: We're Not Entering the News Business
Twitter recently posted a job for a "head of news and journalism partnerships." However, the social media site has no ambitions to become a news operation, said exec Mark Luckie. "We're not writing stories. We're simply providing a platform for other people to do so."
AOL Names Stivers Editor Amid Content Push
New York Observer
Cyndi Stivers is leaving her position as editor in chief of Columbia Journalism Review to become editor in chief of AOL.com. In her new role, Stivers will be in charge of editorial and programming across the AOL homepage, all associated apps and syndicated feeds.
'Sex and the City' Creator Hacked, New Book Leaked
Candace Bushnell, the author behind "Sex and the City," has become a victim of celebrity hacker Guccifer. Fifty pages of Bushnell's new novel, "Killing Monica,' have been published online by the hacker, along with email correspondence between the author and her agents.
Google Seeks to Block $3 Billion Lawsuit by Authors
Google has asked an appeals court to deny class status to a group of authors who claim that the company's project to digitally copy millions of books violates their copyrights. "Plaintiffs cannot claim to represent the many class members who approve of Google Books."
Microsoft Mulls $1 Billion Purchase of Nook Media
Microsoft is offering to pay $1 billion to buy the digital assets of Nook Media, the digital book and college book joint venture with Barnes & Noble and other investors. In this plan, Microsoft would redeem preferred units in Nook Media, leaving it with the digital operation.
Yahoo Preps Search Revamp to Narrow Google Lead
Yahoo CEO Marissa Mayer plans to unveil tools for Internet search, including making it easier to find information on mobile devices, stepping up efforts to nab share from Google. "We've got some really cool things in the pipeline, which we'll rolling out over the coming months."
AOL Plan to Steal TV Ad Dollars Faces Skepticism
AOL is eyeing the large sums advertisers spend on TV commercials, seeking to fuel future growth. "This is the first real year where you will see dollars move from TV to the Internet," said CEO Tim Armstrong. However, some analysts remain skeptical of the strategy.
Pinterest Update Seen as Cleaner, Easier to Manage
Pinterest, the popular link- and photo-sharing website, has rolled out an update, one offering people simpler navigation and new ways to arrange their boards to fit their needs. "Although the haphazard spirit of Pinterest remains, the site is much less overwhelming."
Groupon Eyes 'New Chapter' Amid Search for CEO
Groupon is entering a "new chapter," as it seeks to shift the way the company sells its deals to customers. Groupon is reporting progress in transforming its model from morning email blasts to an online marketplace. Also, the company is "not in a hurry" to find a new CEO.
LinkedIn Overhauls Its News Portal in Redesign Blitz
Silicon Valley Business
LinkedIn, in the midst of a major redesign, has rolled out a redo of LinkedIn Today, its curated news portal for professionals. LinkedIn has handpicked 250 influencers, and encouraged the online network's users to follow them to see what they are reading each day.
NowThisNews Video Service Raises Nearly $5 Million
NowThisNews, the startup that is trying to create a video news service for the iPhone generation, has raised another $4.8 million. In addition to earlier investors, SoftBank Capital has put money into the new round. NowThisNews has raised nearly $10 million in the past year.
BuzzFeed Opens Section Where Readers Can Publish
BuzzFeed has launched a vertical called "Community" that consists entirely of user-submitted content. "Community has always been a huge part of our site — some of our best posts have come from community submissions — and now we want to reinvent community for the social web."
The Dish 'Unlikely' to Reach Sullivan's Income Goal
When Andrew Sullivan, founder of the politics blog The Dish, announced in January that he was leaving the Daily Beast and taking the site independent, the goal was to raise $900,000 to keep business running in the first year. Sullivan now says he is unlikely to reach that goal.
Daily Voice Hyper-Local News Site Goes Bankrupt
New York Post
The Daily Voice, a hyper-local media site covering 41 towns across Westchester County and Connecticut, has filed for bankruptcy after blowing through $18 million of investor money since its 2010 launch. The site was started by former Saturday Review editor Carll Tucker.
Yahoo CEO Meets Hulu Execs Amid Video Site Sale
Yahoo CEO Marissa Mayer is said to have recently met with top execs at Hulu, the premium video service whose media company owners have been considering selling it for some months. Yahoo is "in the process," although the Internet giant has not made any kind of formal bid.
YouTube Networker Maker Studios CEO to Depart
Last year, YouTube network Maker Studios got a big slug of cash to help it grow. Now it has a new boss to guide the expansion: Founder Danny Zappin is stepping down as CEO, and TV veteran Ynon Kreiz will effectively replace him, taking the title of executive chairman.
Netflix, Amazon Traffic Eclipsed by Adult Content
The Internet is for adult content. We all know that, but until now we may not have realized to what extent such content dominated the Internet. Adult content websites get more visitors each month than Netflix, Amazon and Twitter combined, according to a new report.
BitTorrent Makes Move to Legitimize File-Sharing
BitTorrent has announced the BitTorrent Bundle, a new kind of torrent format that offers creators a chance to distribute -- and profit from -- their work. The product is part of a new push by BitTorrent to legitimize the format in the eyes of the entertainment industry.
Google Said to Prep Stores for High-Tech Eyewear
Google is rumored to be planning retail stores to sell its Internet-connected glasses, Google Glass. A source said he knows someone that is working at Google to develop the Glass outlets. When briefed on this story, Google said, "We don't plan to comment on rumor or speculation."
AOL Sees Revenue Jump at HuffPost, TechCrunch
AOL has reported a rise in first-quarter revenue as the online media group posted growth in display advertising. Revenue from the Huffington Post and other media sites such as TechCrunch and Engadget jumped 14% to $189.6 million. AOL has made big bets to coax more ad dollars.
Kickstarter to Get a Rival Backed by Donald Trump
Crain's New York
Donald Trump is set to announce the launch of his latest venture — a crowdfunding site called FundAnything, which is designed to compete with leaders in the field like Kickstarter and Indiegogo. Trump plans to give away suitcases filled with an undisclosed amount of cash.
Twitter Founder's New Medium Is Like a Magazine
Twitter co-founder Evan Williams said he loved reading magazines while growing up. Indeed, his latest Internet project, Medium, looks somewhat like a magazine. "We're going to be a great place for professional writers to write. The magazine is the analog for what we're doing."
Myspace Nabs Rolling Stone Editor for Relaunch
Monica Herrera is leaving Rolling Stone magazine to become managing editor of the relaunched Myspace. Herrera has been with Rolling Stone since 2011, serving as a senior editor. Prior to her stint at the magazine, Herrera served as online news editor for Billboard.
Demand Media Reports Growth at Media Websites
Demand Media has reported better-than-expected first quarter revenue and profit on growth at its media websites, which include the properties eHow, Livestrong and Cracked. The company is branching out into other areas to diversify its business model, including paid content.
Aereo Files Preemptive Legal Action Against CBS
Here's the next round in Aereo vs. the TV guys: The web video startup has made a preemptive legal move against CBS, seeking to head off lawsuits as it expands into more markets. Said CBS: "These legal maneuvers do not change the illegal nature of Aereo's supposed business."
Hulu Plus Arrives on Microsoft's Windows Phone
Hulu Plus has launched for Windows Phone 8, representing Microsoft's latest major "get" in its continued push to fill out its app catalog. Like Pandora earlier this year, the streaming video service has long been available on rival smartphone platforms iOS and Android.
Google Launches Real-Time YouTube Trends Map
Google has launched an interactive map showing the most popular videos across the United States broken down either by the gender or age of the viewer. The map displays how viral videos are shared and received by different markets across the country.
Tremor, Online Video-Ad Startups Seen Near IPOs
Demand for web commercials played alongside video clips is fueling growth at marketing startups, putting such companies as Tremor Video, YuMe and Adap.tv on course for initial public offerings this year. All three have picked bankers or are in discussions to sell shares.
Facebook to Launch Video Ads in Newsfeed in July
Facebook is set to launch video advertising in its newsfeed in July, as it looks to new revenue streams to bolster its share price in the wake of its lackluster stock market listing last year. The move is a bid to tap into the vast budgets that marketers spend on television.
Google Ventures Taps TechCrunch Writer as Partner
MG Siegler, the blogger-turned-VC who still writes for TechCrunch about topics like how Google devices compare to Apple products, is becoming a general partner at Google Ventures. He was previously at CrunchFund, the investment firm that emerged out of TechCrunch.
Amazon-eBay Battle Shapes Up in Internet Taxation
Internet taxation has taken a step closer to reality, underscoring the high stakes it holds for tech's two big e-commerce combatants. The fate of the legislation could tilt the playing field between Amazon and eBay. Billions are at stake — online sales rang up $225.5 billion last year.
Silicon Valley's Snarky Blogs Making a Comeback
Silicon Valley is taking itself a tad too seriously, and a few of its shriller residents have taken note. Recent weeks have seen the birth of new blogs poking fun at America's crucible of technology, among them White Men Wearing Google Glass, as well as the relaunched Valleywag.
Gawker 'Stole' Hoax Video Says Dr Phil in Lawsuit
Dr. Phil claims that Gawker caused his ratings to drop by lifting video from his show. The TV shrink's copyright infringement lawsuit concerns his interview with the man who said he fooled Heisman Trophy runner-up Manti Te’o into thinking he was his fake dead girlfriend.
HuffPost Bows in Japan Amid 'Lost Faith' in Media
The Huffington Post has continued to expand into new territories by launching a Japanese edition in partnership with daily newspaper Asahi Shimbun. The launch comes as some of the Japanese public have "lost faith" in traditional media, according to Asahi Shimbun.
Google to Unveil Subscription Services for YouTube
Google is on the verge of unveiling an à la carte subscription service for as many as 50 specialist channels on its YouTube video website. The move could be announced as early as this week. Viewers will be able to subscribe to each channel for as little as $1.99 a month.
YouTube Poised to Rival CBS or Viacom, Analyst Says
Within the next five years, Google's YouTube could generate $15 billion or more in annual revenue — which would make it about the same size as CBS or Viacom, a Wall Street analyst has predicted. "YouTube will be a large, profitable and highly consequential business."
IAC's Electus Invests in Indie Production House
IAC's multi-platform production studio Electus has made what it calls a "strategic investment" in Hud:sun Media, an independent production firm known for shepherding such series as Bravo's "Pregnant in Heels" and AOL's "Decoding Style with Nina Garcia."
Twitter, Facebook Should Pay Users, Author Says
New York Post
Americans must find a way to get paid for the content they add to Twitter, Facebook, Instagram and other social media, according to Microsoft staffer Jaron Lanier, author of the new book "Who Owns the Future?" Twitter and Facebook "are helping destroy the middle class."
Facebook Shares Are Over Valued, Barron's Says
Shares of Facebook, which were given a boost last week when the social networking company reported first quarter results that largely met analysts' expectations, may be over valued, according to a report in Barron's. The company is "probably worth no more than $25 a share."
Google High-Tech Eyewear Gets App for YouTube
Google Glass has its first YouTube app. Fullscreen Labs has released Fullscreen BEAM, the first YouTube app for the high-tech glasses. "Our immediate thought was, 'How can we build a seamless experience for YouTubers to capture and share life's moments?'"
Amazon Expected to Release 10-Inch Kindle Fire
Amazon is expected to bring out a bigger version of the Kindle Fire, as it gradually grows the size of its tablets. The online retailer launched the 7-inch Kindle Fire in 2011. And it followed that with an 8.9-inch model, announced in 2012. Now it's moving up to the 10-inch class.
Pinterest Clones for Men Compete for New Market
San Francisco Chronicle
While Pinterest seems to focus on fashion, fingernail art and rainbow fruit kabobs, a new website called MANteresting leans toward muscle cars, WD-40 and bacon pancakes. The so-called "Pinterest for dudes" is not the only startup vying for that designation.
Abrams Media Taps Business Insider Exec as Chief
Abrams Media has named Bridget Williams, Business Insider svp of business and audience development, as its new president. Abrams Media, whose websites include Mediaite, SportsGrid and Gossip Cop, claims an audience reach of some 15 million monthly uniques.
BuzzFeed Takes Steps to Add Foreign News Coverage
New York Times
BuzzFeed, the swiftly growing social news site, has posted a hiring notice for a foreign editor, aiming to "build a new kind of world news coverage." Editor in chief Ben Smith said he expects to have reporters based overseas, most likely in Cairo and Mexico City to start.
Apple's All-Time Apps List Dominated by Games
As Apple approaches 50 billion downloads on its App Store, the company has revealed the top 25 paid and free apps for the iPad and iPhone, with games taking over several spots. On the iPad, 15 of the 25 most downloaded apps ever are games, including five of the top six.
Twitter's Morgan Stanley Banker Hire Hints at IPO
Twitter has hired Cynthia Gaylor from Morgan Stanley to run its corporate development team, bringing in a veteran investment banker with experience in acquisitions and initial public offerings. Twitter is expected to be the next big IPO to emerge from Silicon Valley.
AOL Ventures Founder Departs to Open Own Fund
Mike Brown Jr., a co-founder of AOL Ventures, has left to form an independent venture-capital firm called Bowery Capital. The company will be based in New York City, although the 29-year-old VC veteran expects to spend nearly half of his time in San Francisco.
Google Hires Computer Games Veteran as Designer
Google has hired computer games veteran Noah Falstein to the position of chief game designer. The search giant, not known for its games development, appears to have a major gaming project in circulation, or at least something that requires someone like Falstein at its helm.
Barnes & Noble to Add Google Play Apps to Nook
Barnes & Noble has added a variety of Google services to the Nook HD and the 9-inch Nook HD+. Nook owners can now tap into 700,000 Google Play apps and games, and access millions of songs. Users also can access thousands of movies and TV shows from Google.
Byliner Hires Conde Nast Digital Veteran Brown
Deanna Brown, a digital-media pioneer as a co-founder of what is now Conde Nast Digital, has been named president of San Francisco-based Byliner. The two-year-old e-book publisher specializes in contracting famous fiction and nonfiction authors to write "e-shorts."
Huffington Post to Launch in Japan Next Week
The Huffington Post, which has expanded to a number of countries including Canada, Italy, the U.K., France and most recently to Germany, will launch in Japan next week, according to Roy Sekoff, founding editor of the Huffington Post and president of HuffPost Live.
Daily Beast 'Parts Ways' with Media Journo Kurtz
The Daily Beast has "parted ways" with Howard Kurtz, the veteran media critic who made news this week for his erroneous report about NBA star Jason Collins. "It's quite a tumble for a reporter who, in 2000, was dubbed the most important media reporter in America."
Netflix Sees Media Giants Start Their Own Services
New York Post
Time Warner, AMC Networks and CBS each launched their own video-streaming apps recently and Viacom yesterday told investors it would soon roll out apps for its MTV and Comedy Central brands. Such moves could eventually steal some growth from Netflix.
YouTube Says the Battle with TV is Already Over
YouTube vs. TV? YouTube says the battle — if there ever was one — is over. In a flashy presentation to advertisers, Google chief Eric Schmidt declined to forecast that Internet video will displace television watching. Instead he declared: "That's already happened."
Facebook Profits Increase Amid Growth in Mobile
Facebook's first-quarter earnings grew 6.8% as the world's largest social network continued to push further into mobile devices, helping revenue beat Wall Street expectations. Also, recent quarters have shown improved mobile-ad revenue and mobile-user numbers.
Google Invests $17 Million in High-Tech Lender
Crain's New York
On Deck Capital, which brings algorithms and social media to the old-fashioned business of lending money to small businesses, has raised some financing of its own. The startup announced that Google Ventures has led a $17 million expansion of a Series D funding round.
Yahoo CEO Pockets $6 Million in First-Year Pay
Marissa Mayer took home a pay package of nearly $6 million for her first year on the job as Yahoo's CEO. In addition to a salary of close to half a million dollars, Mayer received a $1.1 million cash bonus and $4.3 million in stock, according to regulatory documents filed this week.
Apple Loses Market Share as Tablet Sales Surge
Tablet sales surged in the first quarter, as sales more than doubled to 49.2 million, according to IDC. Apple remained the dominant tablet vendor with 39.6% market share, although that also represented market share loss for the iPad maker which had 58.1% in the year-earlier period.
Twitter Looking to Hire Head of News, Journalism
Twitter has posted an ad seeking a "Head of News and Journalism," to oversee its relationship with media outlets. "You will be responsible for devising the strategies that make Twitter indispensable to newsrooms. You will be also Twitter’s rep to the news industry."
DreamWorks Pays $33 Million for AwesomenessTV
DreamWorks Animation is said to be paying $33 million in cash to acquire AwesomenessTV, a YouTube channel aimed at teens and tweens. With incentives, the deal could push the payout to $117 million by 2015. Awesomeness investors put $3.5 million into the channel.
Quad/Graphics Buys Stake in YouTube Marketer
Quad/Graphics has purchased a minority interest in Pixability, a video marketing firm certified by YouTube. The investment strengthens the commercial printer's offerings for multichannel marketing. "Online video is the fastest growing marketing channel in the world today."
Hulu Adds Two Shows as Subscribers Double
New York Times
Hulu, the online video website that has both free and paid services, said that it had doubled its number of paying subscribers in the last year, to 4 million. The announcement comes as Hulu touts two new series: the Wild West comedy "Quick Draw" and the drama "East Los High."
AOL Unveils 15 Shows in Push for TV Dollars
AOL has lined up big names as it attempts to get advertisers to consider its original shows up against the likes of ABC and Fox. Its projects include a ballet documentary series produced by Sarah Jessica Parker and an inspiration-focused show co-hosted by Gwyneth Paltrow.
Twitter Will Outlast New York Times, Thiel Says
Tech visionary Peter Thiel said the business case for Twitter is solid. He contrasted the future of Twitter with that of the New York Times, a print media vanguard that he said is not guaranteed a future in the digital age. "Twitter is instant global public messaging for free."
IAC Nets Diller of a Disappointment in Quarter
New York Post
IAC/InterActiveCorp shares fell as much as 5.5% in extended trading after the owner of Match.com, Newsweek/Daily Beast and other Internet brands reported slower-than-expected growth. Barry Diller's digital empire showed a profit increase, but not enough to impress Wall Street.
Netflix to Lose Almost 2,000 Movies This Week
Netflix's streaming catalog is about to lose nearly 2,000 movies. As of May 1, 2013, Netflix will officially have 1,794 fewer titles in its streaming repository. After Netflix and Starz were unable to renew their streaming agreements, more than 1,000 films disappeared.
Yahoo CEO Expands Benefits for Maternity Leave
Yahoo CEO Marissa Mayer, who sparked an uproar and hurt her image as a working mom when she banned telecommuting, has begun offering employees generous new family leave benefits. Both new mothers and fathers can take up to eight weeks of paid child leave.
Twitter: U.S. Users Can Now Post Ads on Network
Twitter said all its U.S. users can post advertising on the social network through the company's self-service ad feature. Previously, Twitter's self-service feature was available only to select users. Twitter said it has spent the past year getting feedback from "thousands."
Webby Awards Recognize Netflix, New York Times
The Webby Awards are honoring Netflix "House of Cards" producers Kevin Spacey and Dana Brunetti with a Webby special achievement award. The political thriller proved that digital media can produce cable-quality drama. Netflix also won for best streaming media site.
Yahoo Unveils Six Web Shows, TV Partnerships
Working to fulfill CEO Marissa Mayer's promise to make Yahoo a place where users will want to come every day, the company announced that it will debut six new original web shows. The shows feature performers such as Ed Helms, Cheryl Hines, Zachary Levi and John Stamos.
IAC's Diller Says Buying Newsweek Was Mistake
Barry Diller, chief of IAC/InterActiveCorp, said he regrets his decision to buy Newsweek magazine, which he merged with the Daily Beast website. "I wish I hadn’t bought Newsweek. It was a mistake." While the publisher has "a very solid" newsroom, "I don’t have great expectations."
Twitter Is Not Considering an IPO, Creator Says
Twitter's initial public offering could be the biggest for a consumer web company since Facebook. But execs have declined to say when it might happen, and co-founder Jack Dorsey said the company is "not even thinking about it." Twitter has been valued at about $9 billion.
AOL, VH1 Partner On 'Downloaded' Distribution
Alex Winter's documentary about the rise and fall of Napster has a new online home. AOL will make "Downloaded" available to visitors to on.aol.com via streaming later this year. This is the portal's first foray into longform streaming as a part of s distribution deal with VH1.
Yahoo Creates Ad Units Catering to User Interests
Yahoo has launched two new ad features: One is a new way of introducing ads called Yahoo Stream Ads, and the other is a redesigned Yahoo Billboard. "We're committed to delivering engaging and effective advertising opportunities," said CEO Marissa Mayer.
Hulu Launches New Episodes of Canceled Soaps
From the new opening credits to the influx of new actors playing aged up characters to spicier scenes, the retooled online versions of "All My Children" and "One Life to Live" are trying to show they're not your mother's soaps — while still trying to hold on to your mother as a viewer.
Yahoo Deal to Buy Dailymotion Stake Is Scuppered
Yahoo's bid to take a $200 million majority investment in the video site Dailymotion — the "YouTube of France" — has been killed by the French government, which decided that it didn't want a U.S. company to take a controlling stake in a French operation.
TiVo Roots for Tebow After New York Jets Release
TiVo said it is standing behind Tim Tebow, the former New York Jets backup quarterback and company pitchperson, after his release from the restructuring football team. "Regarding Tim's relationship with TiVo, it goes beyond football. We'll just have to see how things develop."
Twitter Warns News Outlets of More Hacking Threats
In a memo sent to news organizations, Twitter warns that it expects high profile account hijackings to continue. "Please help us keep your accounts secure." The memo advises: "Designate one computer to use for Twitter. Don't use this computer to read email or surf the web."
Vox Media Blog Publisher Opens In-House Ad Shop
Vox Media, the publisher of the SBNation, Verge and Polygon blogs, aims to get down to business with monetizing its content with the launch of Vox Creative, a new division of the company that will act as an in-house service to create marketing and advertising.
SpinMedia's Celebuzz Eyes Lohan as Rehab Blogger
New York Post
Lindsay Lohan may blog about her lessons learned after rehab. The troubled actress is in talks with the website Celebuzz to detail her deepest thoughts after her 90 days of court-ordered rehab. Lohan would contribute content beginning in August, after the rehab stint.
Digital 'NewFronts' to Face Higher Expectations
Last year, the inaugural Digital NewFronts didn't skimp on the hype. Google, Hulu, Yahoo and others made brash, glitzy presentations to advertisers. There will be plenty of the same this week in New York at the NewFronts, the digital world's take on TV's "upfront" tradition.
YouTube Lowers Ad Prices to Attract TV Dollars
YouTube has taken a novel approach to winning TV advertising dollars during this year's "upfront" season: lowering prices. Google's video platform is re-thinking the way it structures up front ad deals for premium content on the eve of its show for marketers and agencies.
Huffington Post Video Channel Comes to Cable TV
New York Times
The Huffington Post has found a partial home on cable TV for its eight-month-old Internet channel, HuffPost Live. Mark Cuban's cable channel AXS TV, previously known as HDNet, will carry HuffPost Live's programming for six hours a day, starting May 13.
Google Buys Startup Behind Content Summarizer
Google has acquired Wavii, a Seattle startup behind an app that condenses online content for time-pressed web surfers. Wavii's technology grasps the context of language so it can summarize the main points in news stories. The technology will be used in Google products.
Apple's Decade of iTunes Killed the Music Industry
Since the introduction Apple's iTunes Music Store 10 years ago, music sales have plummeted in the United States — from $11.8 billion in 2003 to $7.1 billion last year. When adjusted for inflation, revenue has been more than halved since the launch of the store on April 28, 2003.
Google, Apple Urged to Bankroll Dish CEO's Vision
Google and Apple should consider helping Dish Network "leave a lasting mark on the industry," according to BTIG Research's Walter Piecyk. Dish CEO Charlie Ergen could be in a position to capitalize on the shift of video viewing to wireless mobile devices, the analyst said.
Facebook Board to Lose Venture Capitalist Breyer
Jim Breyer plans to step down from Facebook's board, according to a filing from the social network. The venture capitalist, who also sits on the board of News Corp. and others, said he will step aside in light of his other duties, including his recent Harvard University Corp. board election.
AOL Shutters Music Division Under Content Boss
AOL has shuttered its music division, laying off a few dozen employees in an operation that has faltered in recent years. News of the layoffs leaked as staffers tweeted their own dismissals. New brand group CEO Susan Lyne has said she planned to take a hard look at AOL properties.
LivingSocial Hacking Hits 50 Million Customers
LivingSocial, the daily deals site owned in part by Amazon, has suffered a massive cyber-attack on its computer systems, which is said to have resulted in "unauthorized access to some customer data" from its servers. The breach has impacted 50 million customers.
Google Glass Hacked as Schmidt Talks Caution
Within hours of Google chief Eric Schmidt's revelation that apps for Google Glass will require the Internet giant's approval, a renowned hacker and developer has shattered the notion of a locked-down Glass. More specifically, Jay Freeman — aka "Saurik" — has jailbroken it.
Study: U.S. Spends More Time on Social Media
Americans spend on average 16 minutes per hour on social networking sites, or six hours a day, according to a survey by Experian. The study shows that Americans spend the most time on social media sites than any other country. "We are totally ego-centric."
Facebook CEO Reaped $2.3 Billion Gain Last Year
Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader's initial public offering. The windfall, detailed in regulatory documents, saddled the Facebook CEO with a massive tax bill.
Netflix CEO's Pay Lower Than Rivals in Old Media
Los Angeles Times
Netflix CEO Reed Hastings received about $5.5 million in compensation last year, a 40% drop from 2011. The digital media powerhouse doesn't come close to its old-media counterparts in executive pay — CBS boss Les Moonves had a 2012 package valued at $62.2 million.
Kickstarter: Zach Braff Raises $2 Million in Days
Zach Braff has met his goal on Kickstarter, raising $2 million in three days to fund his follow-up to "Garden State." The actor-director's crowd-funding campaign follows Rob Thomas' wildly successful use of Kickstarter to finance a movie of the defunct TV series "Veronica Mars."
TechCrunch Disrupt NY Begins with Hackathon
Crain's New York
TechCrunch's Disrupt NY conference and startup competition has kicked off with a 24-hour hackathon. The confab will also feature the Startup Battlefield, a judged series of launch presentations by 30 companies. General admission for the annual event is $2,995.
BuzzFeed Alternative D.C. Party Strategy Pays Off
BuzzFeed didn't attempt to buy a table at the White House Correspondents' Association dinner until after all the seats had been sold, officials said. The social news site "counter programmed" by hosting its own party, attracting a crowd of 40-and-under media and political gadflies.
Huffington Post Adds German Edition in Expansion
The Huffington Post plans to start a German-language edition as it seeks to continue its expansion outside the home U.S. market. The AOL-owned news site will work with Munich-based digital media company Tomorrow Focus to hire journalists and will begin publishing this fall.
Yahoo Chairman Said to Exit Over Choice of CEO
Yahoo chairman Alfred Amoroso plans to leave the Internet company's board in June. Among the reasons for his departure, according to sources: Marissa Mayer wasn't his first choice for CEO. Also, "the one really calling the shots" is hedge fund manager Dan Loeb.
YouTube to Showcase a Week of Comedy in May
YouTube plans to turn into the planet's biggest open mic. The Google-owned site is preparing YouTube Comedy Week, a seven-day cyber extravaganza to showcase some of the best comedy across its video platform. "This has never been done before on YouTube."
Google Co-Founder Keeps Spotlight on the Future
Sergey Brin has outlined a vision for the future in which self-driving cars whisk care-free friends to verdant parks that were once paved lots. "It's these kinds of ideas that make me excited about coming to work every day," said the Google co-founder in an annual founder's letter.
BuzzFeed Plans Move to Bigger Fifth Avenue Offices
New York Post
BuzzFeed has entered a two-year sublease for the 8th floor of 57,691 square feet at 200 Fifth Avenue in New York. The social news site currently occupies roughly 24,000 square feet at 54 West 21st Street, just around the corner. BuzzFeed "wanted to stay in the neighborhood."
Gawker Ordered to Remove Hulk Hogan Sex Tape
A judge has granted Hulk Hogan's request for a temporary restraining order, in the former wrestler's ongoing legal spat with Gawker over the posting of a sex tape. The snarky website has agreed to take down the video, but is refusing to remove an accompanying post.
Digg Owner Acquires Majority Stake in Instapaper
Betaworks, the parent company of the all-new Digg, has acquired a majority stake in Instapaper, the popular read-it-later service. Creator Marco Arment wrote in a blog post that he had been looking for an investor to help him keep up with a growing business.
Google to Overtake News Corp as WPP Beneficiary
Martin Sorrell, the CEO of WPP, has laid out a stark picture of how significant a role digital plays for the advertising giant. Google will soon overtake News Corp. as WPP's biggest beneficiary, he said. Google is "a media owner masquerading as a tech company."
Apple CEO Sit-Down is Offered on Auction Block
Apple CEO Tim Cook is offering the opportunity for a winning bidder and guest to join him for coffee at the company's headquarters in Cupertino, Calif., as part of a fund-raiser for the Robert F. Kennedy Center's Spring Auction for Human Rights. The latest bid is $160,000.
Google Doubles Compensation for Some Officers
Google in 2012 doubled the compensation of three of its top officers, according to a regulatory filing. The Internet company boosted stock and stock-option awards for CFO Patrick Pichette, CBO Nikesh Arora, and CLO David Drummond, who also oversees M&A.
Verizon Eyes Bid for Vodafone's Wireless Stake
Verizon is said to have hired advisers to prepare a possible $100 billion bid to take full control of Verizon Wireless from its partner Vodafone. Verizon, which has made little secret of its wish to buy out its British joint venture partner, has ramped up pressure in recent months.
Microsoft Expected to Reveal Next Xbox in May
Microsoft will host an event at its Redmond, Wash., campus on May 21, where it is expected it will reveal the long-awaited successor to the Xbox 360. Media invites sent to outlets confirm a "special unveiling" next month with the title "A New Generation Revealed."
Amazon to Release Kindle TV Set-Top Box in Fall
Amazon is said to be planning to introduce a device this fall dedicated to streaming video over the Internet and into its customers' living rooms. According to sources, the set-top box will plug into TVs and give users access to Amazon's expanding video offerings.
Twitter Creator Talks Hacking, Video, Magazines
Did Twitter co-founder Jack Dorsey feel a pang of guilt when a hacker's takeover of the Associated Press Twitter account caused the Dow to plunge 143 points? "I think having really strong passwords is really critical," he said. The incident was "a good reminder.”
Zynga Reports Fewer Players of Its Online Games
The number of people playing Zynga's online games dropped dramatically in the first quarter, a development that sent the company's stock tumbling. The publisher behind games like "FarmVille" and "Words With Friends" said its number of monthly players continues to decline.
Netflix Sees a Future World Without Traditional TV
Netflix has released a mission statement detailing its future plans. Entitled "Netflix Long Term View," the 11-page document predicts that Internet-based TV services will grow to eclipse — and outright replace — traditional TV altogether. "Ours is an amazing opportunity to grow."
Yahoo Wins Rights to Classic 'Saturday Night Live'
New York Times
Yahoo has acquired the exclusive online rights to classic "Saturday Night Live" episodes from 1975 through 2012, effective in September. The clips will be removed from Hulu and NBC.com, where they currently reside, and be shown instead on the Internet portal.
Hulu, iTunes to Debut Former ABC Soaps Next Week
The former ABC soaps "All My Children" and 'One Life to Live" will make their debut online Monday. Half-hour weekday episodes will be available at Hulu and iTunes. Their new online home will allow for racier dialogue. "Soaps have gone from radio to TV and now online."
YouTube to Run Cap'n Crunch Late-Night Talk Show
Despite all the drama inherent in late-night TV, cereal mascot Cap'n Crunch has tossed his blue cap into the arena with his own online talk show, in what is undoubtedly a first for a breakfast food. "The Cap'n Crunch Show" is an animated series of webisodes targeting adults.
Twitter Tests Security Solution to Stop Hackers
Twitter is said to be internally testing a two-step security solution before the company begins rolling it out to users. Such a system aims to drastically reduce the risk of users having their accounts hacked, which has been experienced by everyday people and major companies.
LinkedIn Struggles to Reach Young Adult Users
LinkedIn is powerful, profitable and growing. The only problem? It may be leaving behind the audience that needs them the most: young adults and recent graduates. A recent survey of 23 major social networks ranks LinkedIn as the "oldest," with an average age of 44.2.
Huffington Post Aims to Build Global Media Brand
The Huffington Post is already available as a local edition in several countries. "This year, we want to go from international to truly global," said CEO Jimmy Maymann. A Japan edition launches May 7. "Mobile Internet in Japan is 'Internet.' We have to approach that market differently."
Drudge Report Promises the 'Year of Alex Jones'
Matt Drudge, editor of the Drudge Report, tweeted that he "privately told friends" that 2013 would be the "year of Alex Jones." Drudge has linked to the radio host and conspiracy-monger several times following the Boston bombings. Jones's show is "one hell of a broadcast."
Apple CEO Hints of Exciting New Product Category
Tim Cook has teased "the potential of exciting new product categories," and suggested that Apple will announce new products this fall. "We've got a lot more surprises in the works," the CEO said. "Our teams are at work on some amazing new hardware, software and services."
Aereo Expands to Boston; CBS Promises to Sue
Aereo, the television-over-the-Internet service that is threatening the broadcast and cable TV industries, said it plans to expand to Boston. In response to the Barry Diller-backed company's announcement, a CBS spokesman vowed, "And we will be there to sue them."
Yahoo, Vevo Hope to Steal Ad Dollars from TV
New York Post
While the major TV networks are still gearing up for the spring advertising-sales market, Madison Avenue is already predicting the smallest gains since the downturn. A number of alternative online video outlets including Yahoo, Vevo and Microsoft are hoping to steal ad dollars.
YouTube's Top Brand is Red Bull, Report Says
The top 500 brands on YouTube generate 442 million views per month, according to a report by Outrigger Media. Using its own formula that takes into account engagement, influence and size of audience, Outrigger is pronouncing Red Bull as the top brand on the video site.
DirecTV Adds Voice Search to Smartphone App
DirecTV hopes it has done away with both your clunky TV guide and your clunkier on-screen keyboard searching. That's the goal of DirecTV Voice, a new feature for the company's mobile apps. DirecTV is using speech recognition to make it easy to find things to watch.
TheStreet Acquires DealFlow Media Newsletters
TheStreet has acquired financial newsletters and databases from DealFlow Media, including the DealFlow Report, the Life Settlements Report and the PrivateRaise database. The digital financial media company will integrate the content into The Deal, which it acquired in September.
Gawker Relaunches Valleywag with Kinja Focus
Gawker Media has relaunched its Silicon Valley gossip blog Valleywag. But this time, the snarky site is focused on reader engagement. Valleywag is putting Gawker's Kinja discussion platform in the spotlight. The commenting system allows people to control online conversations.
Apple Said to Look for Replacement for CEO Cook
Is Apple secretly searching for a new CEO to replace Tim Cook? Some Wall Street sources close to Apple say such a move is afoot, although there is yet no available evidence that the board of the once-mighty top tech-innovator is officially in such a game-changing mode.
Twitter Reaches Milestone Ad Deal with Starcom
Twitter has landed its biggest advertising deal to date, reaching a first-of-its-kind agreement with Publicis' Starcom MediaVest Group worth hundreds of millions of dollars over a multiyear period. The deal signals the growing importance of Twitter in media and marketing.
Microsoft, Pizza Hut App Lets Users Order Food
Microsoft and Pizza Hut plan to release an app that lets hungry gamers order food straight from their Xbox 360s. What's more, the service will reportedly let users build a pizza with the Kinect, through "hand motions or voice commands," which is "quicker than using the controller."
Amazon Kindle Singles Store Becomes Profitable
New York Times
Amazon Kindle Singles have helped promote a renaissance of novella-length journalism and fiction. Amazon said the Singles store is profitable, having sold nearly 5 million copies since it opened. "The idea that writers would participate in the publishing model is very bold."
Tumblr Launches Mobile Ads in Push for Revenue
Tumblr has launched mobile ads, marking the first time the startup has placed ads that look and feel like regular posts on the blog network. The mobile ads are the first to appear in user streams where until now Tumblr users have just seen content posted by people they follow.
Reddit Chief Apologizes for 'Online Witch Hunts'
Reddit general manager Erik Martin has apologized for the online community's reaction to the Boston bombings, after amateur investigators frustrated the public and law enforcement with a flood of misinformation. "Some of the activity fueled dangerous speculation."
Analysis: The New Digital Original Content Wars
The definition of television is changing. And with that new definition comes a whole new slew of players. Tech giant Microsoft and e-tailer Amazon are eager to jump into Netflix's business because they see that premium content is what draws and hooks consumers.
Netflix to Change Up Family Streaming Service
Netflix plans to introduce a new family streaming plan that will let up to four people stream at the same time for $11.99 per month. Its current plan, at $8 a month, allows two streams at the same time. The move may be a precursor to putting an end to users sharing one account.
Hulu Owners Keep Site from Making Bold Moves
Just what is Hulu supposed to be? The digital-TV initiative is on track to become a billion dollar business this year. But its owners keep pulling it into different directions. If the company is sold, it's not clear that current owners will let it have next-day access to their TV programs.
YouTube Creators Find Making Money is Harder
For many of the more than 1 million creators who have signed up for YouTube's ad-revenue sharing program, the payout has been disappointing. The surge in new content is making it harder for any one content channel on the video site to get noticed.
Google's Schmidt Shares Vision in Tech Treatise
Eric Schmidt has shared his vision of the future in "The New Digital Age," a new book due out Tuesday. The Google chief and co-author Jared Cohen foresee a day where all of a person's online accounts — from Facebook to Netflix — are merged together into a one-stop profile.
BitTorrent to Promote Independent Film Release
Los Angeles Times
BitTorrent, the tech company whose name was once synonymous with Internet piracy, has begun doing business with the film industry. BitTorrent is partnering with indie film distributor Cinedigm to help promote the new film "Arthur Newman," starring Colin Firth and Emily Blunt.
Amazon Posts 14 TV Pilots Online for Feedback
Amazon's experiment with original video production has taken a big step forward, as the company posted 14 pilots for TV shows on the Internet for free viewing. Based on viewers' reactions and reviews, the company will decide which projects to make into full TV series.
Netflix Seen Cracking Down on Account Sharing
Netflix has won over consumers with its mix of TV reruns, old movies and original shows, all for $7.99-a-month with liberal policies that let family and friends share one account. CEO Reed Hastings may be able to squeeze more profit from his customers by tightening up those policies.
Yahoo to Trim Products to Sharpen Mobile Focus
Yahoo plans to shut down a few of its online services, including a coupon site and a local events calendar, as CEO Marissa Mayer sharpens the web portal's focus on apps for mobile devices. The company wants to trim its 60 to 75 products to about a dozen to offer popular mobile apps.
Apple iPhone Turning Into Ad-Phone, Report Says
The Apple iPhone's monthly ad share grew 12% in the first quarter of this year and now accounts for more than 50% of mobile ad spending, according to a report by MoPub. While cheaper Google Android phones reach more people, Apple "has more desirable customers."
Twitter Directly Drives Sales for Brands, Study Says
The big question for many brands when it comes to social media is how does it affect the bottom line? According to a study by Deloitte, tweets not only generate valuable word-of-mouth effects that impact consumer demand, but positive tweets about a brand directly drive sales.
Reddit, Twitter Sleuths Flourish in Boston Manhunt
The manhunt for the Boston bombers didn't take place only on the city's streets with police officers. It also unfolded across the country with regular folks using Twitter and online forums like Reddit. However, some people were wrongly accused in the crowdsourcing.
YouTube Account of Boston Suspect Scrutinized
The YouTube account of accused Boston bomber Tamerlan Tsarnaev took on an increasingly puritanical religious tone last August. It moved from "secular militancy to Islamist certainty." Among his postings was a video of a figure described as the bard of Chechen separatism.
Google Has $50 Billion for Acquisitions, Investments
Google's cash pile grew to more than $50 billion in the March quarter, up from $48.1 billion at the end of 2012, the search giant revealed in its first quarter earnings report. It will likely serve as a powerful resource for Google to continue buying up technology and top talent.
Microsoft Financial Officer Departs Amid Struggles
Microsoft CFO Peter Klein is leaving the company, as the software giant struggles with sharply declining personal computer sales and a lukewarm reception for its new Windows 8 operating system. Klein is the latest in a line of top-level execs to leave the company.
Apple's Next iPad Expected to Be Thinner, Lighter
Apple's next iPad will be both thinner and lighter than its predecessor, bringing back the company's old habit of iPad shrinkage. That's according to KGI Securities analyst Mingchi Kuo, who has been spot on about Apple's plans. "Thinness and lighter are key attributes."
YouTube Prevails in Viacom Copyright Suit - Again
Viacom lost yet another legal salvo toward getting as much as $1 billion from Google for allegedly violating copyrights on YouTube. A judge concluded that Viacom does not have "the kind of evidence that would allow a clip-by-clip assessment of actual knowledge."
Yahoo Adds Two Applications to Mobile Arsenal
The mobile push orchestrated by CEO Marissa Mayer has hatched Yahoo's first email app for Apple's iPad and other tablet computers. Yahoo also has created a new weather app for Apple's iPhone that will provide current temperatures and forecasts on top of slideshows.
AOL's Second Life: Reinvention as Media Company
In the past two years AOL has launched editions of the Huffington Post in Britain, France, Italy, Spain and other countries. In May it will invade Japan. CEO Tim Armstrong has also put money into online video — HuffPost Live, launched last year, is trying to be a younger, online CNN.
WikiLeaks Posts Schmidt, Assange Conversation
Google chief Eric Schmidt and WikiLeaks founder Julian Assange secretly met in 2011 and held a lengthy interview, according to a transcript published on the whistleblowing site. The leak is surprisingly timely — Schmidt was conducting research for his new book.
Twitter Hires Editor to Discover Stories in Tweets
Twitter has hired Simon Rogers, previously a data journalist at the U.K.'s Guardian newspaper, to be its first-ever "data editor," a position created to uncover fascinating stories in tweets. Said Rogers: "What I'm good at is explaining data, simplifying it and making it accessible."
Survey: Young Users of Social Media Seek Fame
Tweens and young teens who use social media place a higher value on fame than youngsters who don't use it or use it infrequently, according to a new survey from UCLA's Children's Digital Media Center. "Kids who claim they want to be famous use more media."
Netflix Streams Latest Original Series 'Hemlock'
Netflix's original content assault continues Friday with the debut of "Hemlock Grove," a "supernatural" series directed by Eli Roth. Previous releases "Lilyhammer" and "House of Cards" chased viewers interested in quirky foreign humor and political drama, respectively.
Guggenheim Digital in Talks for Stake in Vevo
Wall Street Journal
Guggenheim Digital Media has had talks with online music-video company Vevo, and would be interested in taking a controlling share. Separately, Guggenheim has acquired full ownership of entertainment trade publication Backstage and music website Sonicbids, its first deals.
Guggenheim Advises on Hulu Sale, May Also Bid
Hulu has hired Guggenheim Partners to advise on a sale of the video website, even as the financial services firm is considering making its own bid. Guggenheim created a digital media unit in January and put former Yahoo and News Corp. exec Ross Levinsohn in charge.
Hulu's New Series to Star Desperate Housewife
Hulu's latest foray into original content is a half-hour animated comedy about a former record exec who moves to the suburbs to try motherhood. Former "Desperate Housewives" star Eva Longora plays Rudi Wilson in "Mother Up," a series making its debut this fall on Hulu.
Aereo Is Considering Web-Content Partnerships
Wall Street Journal
Aereo is considering new partnerships focused on independent and quality web content, said CEO Chet Kanojia. Those new types of programmers, he indicated, could be similar to online music video service Vevo, as well as some of the professionally produced YouTube programming.
Amazon Near Debut of Original TV Show Pilots
Amazon will soon debut 14 of its own TV show pilots on its website, allowing anyone from the United States, United Kingdom and Germany watch them for free. The company will ask for viewer input, and hopes the comments and critiques will help decide which shows live or die.
Alloy Digital Acquires Digital Broadcasting Group
Alloy Digital has acquired the video ad network Digital Broadcasting Group. The deal puts two of the larger web video distribution and production firms together in one place. DBG has shepherded web series such as the Kiefer Sutherland-starring "The Confession."
Google to Launch High-Speed Network in Utah
Google Fiber plans to branch out yet again. Google's ultra-high-speed network is slated to come to Provo, Utah. Google Fiber offers Internet speeds of up to 1 gigabit per second, which the Internet giant says is 100 times faster than the average U.S. Internet user's service.
Apple Shares Drop Amid Loss of 'Mobility Mojo'
Apple shares have dropped below $400 for the first time since December 2011 after one of its audio-chip suppliers reported an inventory glut that suggests iPhone sales may fall short of analyst expectations. "We blame Apple for losing its mobility mojo," said one analyst.
Twitter Tool Allows Advertisers to Target Tweets
Advertisers on Twitter can now target tweets based on keywords in them. They can also target keywords in tweets users have retweeted or replied to. "This is an important new capability, because it lets marketers reach users at the right moment, in the right context."
Medium Buys Long-Form Journalism Site Matter
Twitter cofounder Evan Williams only launched Medium in the summer of 2012. The blogging and publishing site relies on user upvoting to organize its posts. Now Medium is expanded by acquiring Matter, a tech site that publishes one long story each month, selling them for $0.99.
Bleacher Report Founder Preps Site for Women
Bryan Goldberg plans to follow up the success of Bleacher Report, the digital sports media network recently sold to Time Warner, with a multimedia publication catering to women. Goldberg is building a team to produce content that will resonate with a female audience.
BuzzFeed: 65 Percent of Traffic Is from Mobile
BuzzFeed now sees 65% of its traffic coming from mobile devices, according to Ken Lerer, chairman of BuzzFeed and Betaworks. "Everything is going to the phone," said Lerer. He added: "It's the best time in the last eight years to invest in digital content companies."
Study: Teens Are Watching More Mobile Video
It might be no surprise that 12- to 17-year-olds watch more video on mobile devices and less on traditional TV than those slightly older. A Nielsen report found that those in the younger age range spend seven hours and 48 minutes per month on average watching video on mobiles.
Yahoo's Mayer Emphasizes Mobile for Future
Yahoo's first-quarter earnings delivered more profit but less revenue than the first quarter of 2012. CEO Marissa Mayer, during the company's earnings call, emphasized the importance of mobile for Yahoo's future. By 2015, there will be more usage on mobile devices than PCs.
Facebook Seeks $1 Million Price for Video Ads
Facebook hopes that its hotly anticipated video-ad units can be a more-than-$4-million daily business out of the gate. The social networking giant is said to be shopping its video ads to agencies, looking to lock down commitments for the first available slots in June or July.
Twitter Testing Ad Model for Short Video Clips
Twitter has been testing an advertising model for video: Content owners put a short video on the micro-blogging site, a sponsor pays to promote the content and Twitter and the content owner share the revenue. Twitter is talking to TV networks about doing that sort of thing at scale.
WhatsApp 'Bigger Than Twitter' in User Numbers
YouTube Star iJustine Signs With Talent Agency
Justine Ezarik, better known by her online handle iJustine, has signed with UTA. With nearly 3 million subscribers and more than 430 million video views across her five YouTube channels, Ezarik is one of the most-subscribed female personalities on the video website.
Amazon Gains Against Apple's iTunes in Music
Amazon has grabbed more than a fifth of the market for digital music downloads, helped by the launch of its own tablet computers and aggressive pricing, according to a study by the NPD Group. Amazon has also benefited from consumers who buy physical CDs.
Spotify Has Global Ambitions for Digital Service
New York Times
Spotify, the digital music service, has announced plans to open in Mexico, Hong Kong, Malaysia, Singapore, Estonia, Latvia, Lithuania and Iceland. These additions will raise the total number of markets where the service is available to 28. Spotify currently has 24 million users.
Google Chief: Phenomenal Gadgets Are Coming
Google chairman Eric Schmidt is spending a lot of time on the road right now. But he has popped into Google's Motorola unit to see what the company is working up. "They have a new set of products, which are phenomenal," he said. "Very, very impressive."
Aereo Appeal Warns of Havoc, Disruption to TV
Fox, PBS and other broadcasters have filed for a New York appeals court to revisit a crucial ruling that permitted Aereo to beam their signals. The broadcasters claim the decision "threatens to cause massive disruption to the TV industry" and "will wreak commercial havoc."
Netflix Shares Could Surge 40%, Analyst Says
As cable companies begin to see the value of using Netflix to push consumers into higher priced broadband packages, the stock could surge, said BTIG analyst Richard Greenfield. "Look at the content they've added, not to mention original programming."
Twitter Breaks News of Boston Marathon Blasts
Twitter broke the story of the blasts near the finish line of the Boston Marathon. And Twitter continues to aggregate it with photos and briefs from the scene. Still, it was old media that new media turned to first: the Boston Globe's coverage was retweeted and reposted.
Reddit Compiles News of Explosions in Boston
Reddit, one of the largest online communities, is often a great source of breaking news, and right now it's proving it with a story on the Boston marathon explosions. A redditor has started compiling all the news about the explosions that occurred at the marathon.
YouTube Creates Boston Explosions Video Page
As Boston grapples with the aftermath of explosions that hit the city during its annual marathon, YouTube has created a way for people to immediately get the latest news. The video-streaming site has built an official YouTube Spotlight page devoted to all video related to the blasts.
Google Will Win True War for Likes, Forrester Says
In an online world dominated by the need to drive revenue based on advertisers, Google typically takes the top spot for intent-driving marketing, and Facebook leads in affinity-driving marketing. But a new report from Forrester said that Google will win both battles.
Facebook to Help Educate Teens About Privacy
While some reports indicate that teen use is on the decline, Facebook — in a new effort with the National Association of Attorneys General — is about to become laser focused on educating that demo and their parents about privacy in the social networking community.
Microsoft Working on Touch-Enabled Watch Device
Microsoft is said to be working on designs for a touch-enabled watch device, potentially joining Apple in developing a new class of computing products. Analysts see growing demand for wearable gadgets "as the size of the smartphone has become too big to carry around."
YouTube Plans Themed Programming Weeks
YouTube is said to be planning to start themed programming weeks, in an effort to attract advertising dollars away from traditional TV. The first, focused on comedy, is expected to be held next month. YouTube will talk publicly about the idea at a May 1 event for advertisers.
Kickstarter for 'Veronica' Rakes In $5.7 Million
The Kickstarter campaign to bring the cult TV show "Veronica Mars" to the big screen has come to an end, raising $5.7 million from nearly 100,000 devoted fans. The campaign to fund a feature film was launched last month by series creator Rob Thomas and star Kristen Bell.
Twitter Music to Integrate with Vevo, YouTube
Twitter's forthcoming music service is expected to have both a web interface and a separate app, offer streaming and integrate with Spotify, Rdio, iTunes, Soundcloud, Vevo and YouTube. Other notable features include the ability to compose tweets from the music app.
Google Offers Search Change to Settle EU Probe
Google is said to have offered to change how it operates in a bid to settle a European Union antitrust investigation into whether it discriminates against rivals. Google submitted a final package of commitments to the European Commission aimed at creating more distinction in searches.
Study: Anxiety, Alcohol Use Linked to Facebook
Anxiety and alcohol use appear to play a big role in factors leading some people to turn to Facebook to connect to others, according to a study by a doctoral student at the Missouri School of Journalism. "They are more motivated to engage in similar online behaviors."
Apple Sees Tech Coming to Everyday Objects
Apple — and Silicon Valley as a whole — has embarked on a path of tech intimacy in which everyday objects appear set for major upgrades. "When you start to think about glasses or watches, they become as intimate as the cell phone was," said Apple board member Bill Campbell.
Google's Schmidt Predicts Entire World Online
Eric Schmidt has made a bold prediction about the spread of the Internet. "By the end of the decade, everyone on Earth will be connected," said the executive chairman of Google. Certainly the number of people online is expanding dramatically. But the entire world?
AOL's TechCrunch Founder Denies Allegations
Mike Arrington has disputed allegations that he assaulted his former girlfriend, Jenn Allen. The TechCrunch founder and tech investor posted online a letter from his lawyer to Allen, founder of the tech startup RTist, demanding that she retract her charge or face legal action.
Rookie Online Magazine Creator Expands Empire
Tavi Gevinson has been called everything from the future of fashion to the future of journalism. She created her first blog, the Style Rookie, at age 11. Now 16, Gevinson's focus is Rookie, an online magazine for teen girls. She works from her parents' home in Oak Park, Ill.
BuzzFeed CEO: No Plans to Sell Social News Site
There is no indication that BuzzFeed founder Jonah Peretti plans to follow Arianna Huffington's example by selling out. "A lot of web companies will take a short-term approach and sell and don't end up living up to their full potential," he said. "We're qualitatively different."
Netflix Called 'Most Watched U.S. Cable Network'
Netflix CEO Reed Hastings said on his public Facebook page that subscribers watched 4 billion hours of content on Netflix in the first quarter, prompting Wall Street analyst Richard Greenfield to declare that the new-media company is "likely the most-watched cable network."
YouTube, Facebook Fatigue Seen Among Teens
YouTube and Facebook are still considered the most important social media destination for teens, according to Piper Jaffray. But their popularity among this fickle demographic has fallen precipitously. Reddit and Twitter are the "new hot teen channels" in social.
Facebook CEO Launches Political Action Group
Facebook CEO Mark Zuckerberg has launched a new political action group, FWD.us, to focus on immigration reform. The group also includes tech heavyweights like Reid Hoffman and Marissa Mayer. Zuckerberg said the U.S. immigration policy is "unfit for today's world."
AOL Networks CEO Eyes Yahoo Job in Resignation
Ned Brody, who as AOL Networks CEO was responsible for signing up display, video and mobile advertising for the company, has resigned. Brody reportedly wants to move to Yahoo to fill the vacant Americas CEO slot. For now, AOL CEO Tim Armstrong is assuming Brody's duties.
Twitter Acquires Online Music Discovery Service
We Are Hunted, a music discovery service, has been acquired by Twitter, confirming earlier reports that it was already being integrated with the microblogging site's music products. We Are Hunted creates a kind of Billboard chart for online music.
Apple, Universal Music Near Deal on Streaming
Apple is expected to sign its first internet radio licensing agreement with a major record label perhaps as soon as next week. Universal Music Group, the largest of the major record companies, has reached the final stages of the negotiations. Warner Music is "close behind."
Amazon's IMDb Triumphs in Actress Age Lawsuit
A federal jury has rejected a claim brought by Junie Hoang, an actress who first lied about how old she was on the popular Internet Movie Database, then sued the Amazon-owned company when it published her true age. The 41-year-old sought $1 million in damages.
LinkedIn Pays $90 Million for E-Reader Company
LinkedIn will pay about $90 million to acquire Pulse, which makes an e-reader platform used on mobile devices. More than 30 million people worldwide use Pulse's e-reader apps on devices running both Apple and Android-based operating systems.
Reddit Hires Kleiner Veteran Pao for Partnerships
Ellen Pao, a former Kleiner Perkins Caufield & Byers junior partner who is suing the venture capital firm for gender discrimination, has landed a new job heading up strategic partnerships at social-news website Reddit. Pao has been working with Reddit for the last year.
Wanderful Media Revamps Local Deal Service
Wanderful Media, a startup backed by major newspaper publishers, plans to launch a dramatically improved version of its Find&Save service. The company's vision is to create the online version of the deal- and coupon-filled circulars that are delivered with newspapers.
Flipboard: Half a Million Magazines Are Created
More than 500,000 magazines have been created since Flipboard rolled out a new version of its app, which includes the ability for users to make their own digital publications. Flipboard 2.0 offers users the ability to aggregate articles, photos, audio and video.
Redbox: Are Discs Going the Way of the Dodo?
Streaming video may be putting a bigger dent in rental discs sooner than expected. Redbox is estimated to have seen a 16% drop in revenue per kiosk during its first quarter. Redbox's weakness "has fueled the argument that discs are quickly going the way of the Dodo."
Microsoft's Next-Gen Xbox to Take Over the TV
Microsoft plans to invest in TV in a big way with its next Xbox console. The software giant is expected to introduce a feature that lets its console take over a TV and set-top box in a way similar to Google TV. The Xbox will require an online connection to use its entertainment services.
Netflix to Use Facebook, Twitter for Disclosures
Netflix plans to use Facebook and Twitter to release news that may be deemed material information now that U.S. regulators have cleared the practice. The video-streaming service listed its pages on the two social-media services as possible outlets in a regulatory filing.
Google Glass Ideas Attract Venture-Capital Firms
Kleiner Perkins and Andreessen Horowitz have teamed up with Google's venture capital arm to find and finance entrepreneurs who want to create apps and other accessories for Google Glass, the Internet-connected eyewear that aims to become the latest fashion trend.
Yahoo Rebounds as CEO Leads Push Into Mobile
As Yahoo prepares to report first-quarter earnings next week, CEO Marissa Mayer is riding a wave of investor enthusiasm following signs of business improvement, a string of small acquisitions and reports of partnership talks with Apple. Yahoo is "making progress."
Facebook Serves Up Ads Based on User Purchases
Facebook has expanded its advertising platform to allow for ads based on users' purchase history across desktop and mobile. The program, dubbed "partner categories," is intended to allow ad partners to target more people than before, according to the social network.
Foursquare Gets $41 Million Investment for Growth
Foursquare has attracted a $41 million investment from private equity fund Silver Lake Partners and several venture capital firms. The money will buy founder Dennis Crowley time to expand. "This allows us to get closer to being able to prove that there's a real business here."
Twitter: Half of Bieber's Followers Said to Be Fake
More than half of Justin Bieber's followers on Twitter are fake, according to social media analytics experts Socialbakers. The pop star was crowned the King of Twitter earlier this year when he overtook Lady Gaga's follower count. But Gaga is said to have more real followers.
Report: Teen Interest in Social Media Dwindling
Over the past year, the number of teens who deem Facebook as the most important social media site has dropped from 30% to about 20%, according to a study by Piper Jaffray. In fact, almost all social media have seen a decline or stagnation in their importance to teens.
Study: People Are Getting Ruder on Social Media
Throwing insults are cutting online friendships short, with a new survey by corporate-training firm VitalSmarts showing people are getting ruder on social media and two in five users have ended contact after a virtual altercation. "Manners haven't caught up with technology."
YouTube: People Will Pay for Premium Channels
People are willing to pay for YouTube channels — but only if their access to content is limited. A Video-Over-the-Internet Consumer Survey found that half of consumers would pay $10 a month for a premium YouTube channel, but only in countries with access to little else.
Vudu Video Service Reveals Customer Data Theft
Vudu has revealed that a break-in occurred at its offices on March 24, and hard drives containing customer names, email addresses, phone numbers and other data were among the items stolen. The video streaming outfit said that no full credit card numbers were taken.
Google to Bring Ultra-Fast Broadband to Austin
Google has picked tech-savvy Austin as the next city where it will wire homes with ultra-fast Internet connections. Austin and Kansas City are the only places to get Google Fiber — a broadband service 100 times faster than rivals and an alternative to cable or satellite TV providers.
Yahoo Preps 'Thought Leader' Summit on Media
Later this month, Yahoo will fly 25 guests to the Caribbean for a "thought leader" summit on the future of tech and media. Half of the guests will be chief marketing officers for big brands. The other half will be figures from academia, government, media and technology.
Facebook Gets GM to Return with Ad Mobile Test
General Motors, which cast a pall over Facebook's initial public offering last year by announcing it would stop advertising on the social-networking service, said it is restarting paid spots. The test ads will run through Facebook's mobile apps and mobile website.
Twitter Growth Prospects in Mobile Ads Doubted
Facebook and Twitter have become the dynamic duo of the U.S. mobile display advertising market, according to IDC. While Facebook dominates the space, Twitter's growth prospects "are doubtful given the hard time the company seems to have to monetize the service."
Apple, Yahoo Talk Deeper Partnership for Devices
Apple and Yahoo are getting cozier. The two companies are said to be discussing how more of Yahoo's services can play a prominent role on Apple's iPhone and iPad. Possible deals could have Yahoo News and Yahoo Sports content preloaded onto Apple devices.
Google Said to Favor In-House Search Results
Google faces having to offer users in Europe more choice of other specialized search engines after European Commission investigators found its results were favoring its in-house services to the detriment of consumers. Google is submitting an offer of concessions.
Tumblr Shutters Storyboard Editorial Experiment
Tumblr plans to shut down Storyboard, the editorial experiment meant to highlight the work of the social network's much-touted creators, according to CEO David Karp. "What we've accomplished with Storyboard has run its course for now." The editorial team "will be moving on."
Perez Hilton Wins Dispute Over Publishing Email
Perez Hilton in 2007 posted an email message from a woman calling him a "fat gay big." The celebrity blogger posted the woman's full name and email address along with the message, resulting in a lawsuit seeking $25 million. An arbitrator recently rejected the woman's claims.
Webby Awards Put Obama, Bieber in Same Category
The teams behind President Obama's 2012 social media election campaign and Justin Bieber's fragrance launch are among the nominees for the Webby Awards, honoring Internet excellence. Other nominees include Tom Hanks, Lady Gaga and "The Walking Dead."
Study: Online Nearly Matches TV in Daily Usage
Internet advertising dollars still have a ways to go before they match TV's. But in terms of the time people spend with the internet and TV, digital has almost caught up. A study from Temkin Group finds that people spend nearly as much time online as they do watching TV.
YouTube Discoveries Help Boost DeGeneres Rep
Los Angeles Times
Ellen DeGeneres' 2011 discovery on YouTube of two British cousins — who love to sing and dance in frilly dresses — was the spark that helped ignite the talk-show host's social-media supernova status, according to execs with the video site and show producers Warner Bros.
Google, WhatsApp Acquisition Talks Are Denied
WhatsApp, the popular messaging app, said it is not in talks to sell the company to Google. A report from Digital Trends said that the company was mulling a $1 billion sale to the search giant. WhatsApp has been the subject of similar rumors before.
Apple Collects 74 Percent of Mobile App Revenue
Canalys has issued a report on app downloads at the major mobile stores. Apple's store accounted for the largest share of revenue, at around 74%. Google saw the greatest number of downloads, at about 51%, with Apple close behind. Apple and Google "remain the heavyweights."
Facebook Extends Trial of Paying for Messages
Facebook is giving select users in nearly 40 countries around the world access to a trial service that will charge them a fee for sending direct, personal messages to people outside their network. Facebook has been testing the concept for some time in the United States.
Twitter Poaches Facebook Exec for Sales Position
Twitter has poached new talent from Facebook. The micro-blogging company's new sales director for the central United States is Brad Keown, a Facebook veteran who most recently oversaw his former employer's relationship with Omnicom agencies worldwide.
IAC Veteran Joins Hearst-Backed Tech Incubator
Jason Rapp, a former exec at IAC and the New York Times, has joined Science, the Los Angeles tech incubator, as a managing partner. Headed by former Myspace CEO Mike Jones, Science recently received $30 million in funding from Hearst's venture capital arm.
WikiLeaks Publishes Over 1.7 Million U.S. Records
WikiLeaks has published some 1.7 million U.S. diplomatic records from the 1970s, coined the Kissinger Cables, to coincide with the launch of a new searchable database for all of its released materials. The most noteworthy of the new cables relate to Henry Kissinger.
Thin Reads Online Guide to E-Singles Launches
Howard Polskin, a former communications head of the Association of Magazine Media trade organization, has launched Thin Reads, a website devoted to e-singles. The site offers reviews and author interviews, bestseller lists drawn from Amazon and a database of titles.
Mashable's Sponsors Pay for Articles, Not Just Ads
New York Times
Mashable, BuzzFeed and Business Insider all use some form of branded content. A result is a media universe where it is increasingly difficult for readers to tell editorial content from advertising. "Brands have now leaked into what has been traditionally the editorial space."
BuzzFeed: Does Viral-Content Site Know the Secret?
Publications like The Atlantic and the Washington Post are playing with strategies similar to BuzzFeed's. Like a joyful scourge, Jonah Peretti is fanning the flames that are disrupting the old media business model and promising that he has constructed a new, lucrative one.
Aereo, Dish's Hopper Threaten Broadcast TV Model
Two fledgling technologies — Aereo and Dish Network's Hopper — strike at the heart of the broadcast television model, whose future will be up for debate at the National Association of Broadcasters show, which 90,000 people were expected to attend in Las Vegas this week.
YouTube Superstars Taking on TV – and Winning
A new wave of young YouTubers are threatening traditional TV with their sharp video blogs and direct interaction with their millions of teenage fans. YouTube "is like a surfboard," said one young video maker. "We're riding this wave and it's turning into an unstoppable tsunami."
Google Fiber Internet Service Expected in Austin
Google and the city of Austin have sent out invitations to an event on Tuesday, but declined to provide details on what will be announced. The announcement is expected to involve expanding Google's gigabit broadband Internet service Google Fiber to the Texas city.
Twitter: False Accounts Become a Big Business
New York Times
Some false Twitter accounts are nearly impossible to discern from the real thing. Those that sell them claim that they can make up to a million dollars in one week. Twitter said it is taking an active role in fighting the biggest sources of fake content. "It's a hard problem."
Apple, Google Win Ruling Blocking Group Lawsuit
Apple and six other companies won a court order to block potentially thousands of employees — from engineers to sous chefs — from proceeding in a group lawsuit that their incomes were held down by the companies' agreements not to recruit one another’s workers.
Amazon CEO: Why He Invested in Business Insider
Jeff Bezos has led a $5 million round in Business Insider, the six-year-old online news startup. Bezos believes the gatekeepers of traditional media are being threatened by shifts in the economics of content creation and distribution, and Amazon is investing to profit from it.
AOL's Patch May Threaten California Newspapers
A proposed California law aims to permit the online publishing of public notices by allowing Internet-only entities to be defined as "newspapers." The revenue from publishing public notices could shift to online news sites, such as AOL's Patch, if the bill were to pass.
Amazon Chief Bezos Invests in Business Insider
Jeff Bezos has made a "significant" investment in Business Insider, the business news website founded by Henry Blodget. Bezos is joining other investors, contributing a total of $5 million. "Our goal," said Blodget, "is to become the best digital business publication on the planet."
AOL Vows News Business Patch Profitable in 2013
Investor's Business Daily
AOL CEO Tim Armstrong is committed to Patch, saying the network of nearly 900 local news sites is "ahead of the marketplace." According to Patch co-founder Warren Webster: "We can't tell you the end of the movie, but we know we'll be profitable by next year."
Twitter: We Won't Rival Old Media or Hire Journalists
CEO Dick Costolo insists that Twitter does not want to compete with traditional media. "Twitter is increasingly breaking the news, but I don't think of us as a news organization because we don't and won't employ journalists. We will partner with existing media companies."
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