Gawker
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print is dead
Why the Large-Format Kindle Is Not a Life Raft for Newspapers
Terminal patients often suffer colorful delusions. But none is as cruel as the fantasy Amazon.com has kindled among dying ink-stained wretches, who believe a magical electronic reading device will cure what ails magazines and newspapers. More »
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By Owen ThomasComment by Peter Feld: And extra points for saying "the old" rather than "the olds." 3 Responses | Other threads
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hires
MySpace Job Is Sweet Revenge for Ex-Facebook Exec
Owen Van Natta, Facebook's former COO, is officially taking over MySpace, News Corp.'s social network. With its user numbers stagnant, MySpace desperately needs a restart. Is Van Natta the guy to do it? More »
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By Owen ThomasComment by Cheap Shot: I don't know why I haven't killed my MySpace account. It would be great if he rechristened it 'MySpaceBook' just... 2 Responses | Other threads
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blowhards
Jason Calacanis Nominates Himself MySpace's Captain Obvious
The most amusing thing about fameballs is when they don't realize their balls have stopped rolling. Such is bulldog entrepreneur Jason Calacanis's lot, as he desperately tries to pose as MySpace's next CEO. More »
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By Owen ThomasComment by stanhalen: Guy looks like a classic doofus...If you squint he looks just like Corky from life goes on.. Not that any of... 3 Responses | Other threads
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hires
Should MySpace Hire the Hero or the Zero?
Former Facebook COO Owen Van Natta is the frontrunner to replace Chris DeWolfe as MySpace CEO. Blog lordling Jason Calacanis has been jokingly nominated for the News Corp. gig. Here's who should get it. More »
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By Owen ThomasComment by nirreskeya: Obviously it's possible, but is it common for execs to live in the Bay Area and commute to L.A.? 3 Responses | Other threads
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exits
Friendship with Boss's Wife Can't Save MySpace CEO
Sucking up to the CEO's wife is usually a wise move. But did it doom MySpace chief Chris DeWolfe? More »
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By Owen ThomasComment by owenmeanie: I prefer to think of MySpace as the girl who I lost my virginity to - DAMN it was hot... more » | Other threads
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news corp.
News Corp. baron Rupert Murdoch has Kindle envy, wants his own e-book reader.
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rumormonger
News Corp's Internet Wunderkind May Be on the Outs
Former AOL CEO Jon Miller hasn't officially joined News Corp. yet, but we hear that Jeremy Philips, the 36-year-old executive vice president in charge of Internet strategy, is panicked at the prospect of his hire. More »
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By Owen ThomasComment by robmorsexxx: Wait....NewsCorp has an internet strategy? So that would imply that trailer parks and white-supremecist compounds have internet access and that... 10 Responses | Other threads
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hires
AOL Outcast Jon Miller to Join News Corp.'s Soap Opera in Progress
Rupert Murdoch's media empire continues its turmoil after the announcement of COO Peter Chernin's departure. The newest player: Former AOL CEO Jon Miller, who's widely expected to take the top digital job there. More »
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By Owen ThomasComment by Miss Anita Manbadly: Are those his legs, or is this some Muppet-like trickery? It looks like they stuck some poles through his... 1 Responses | Other threads
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rumormonger
Is Chris DeWolfe on His Way Out at MySpace?
Bad days for MySpace CEO Chris DeWolfe: A tell-all book about the lowbrow social network's shady origins is hitting the shelves as a Wall Street analyst predicts layoffs. How long will he last? More »
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By Owen ThomasComment by Nick Denton: Why exactly is it such a scandal that the founders were involved in porn and spam? Where else were they... 1 Responses | Other threads
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myspace
Wendi Deng Murdoch's MySpace Problem
A tipster tells us Wendi Deng dropped by MySpace headquarters with a friend on Friday. What is Mrs. Rupert Murdoch up to at the News Corp.-owned social network? More »
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By Owen ThomasComment by jbk: You know what would be really funny - if Murdoch's media empire ever relentlessly pursued Bill Clinton for cheating on... more » | Other threads
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wendi deng
The Craziest Speculation We've Heard About That Wendi Deng Rumor
The fun party game tonight at Michael Wolff's shindig for his Rupert Murdoch biography, The Man Who Owns the News, is going to be to see if anyone from the News Corp. orbit actually shows up. There must have been some overlap in the guest list if Murdoch had Wolff move his party to tonight so as not to conflict with last night's 40th birthday party for wife Wendi Deng. Speaking of whom, we've heard at least one crazy conspiracy theory about who might be spreading rumors about her sleeping around. As with the original rumor, we're extremely skeptical but the theory is so beautifully convoluted and Machiavellian that it's worth sharing. More »
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Comment by Vivien Smith-Smythe-Smith: Oh man, I just realised that I start my first grown up job in February. I'm really going to miss... 9 Responses | Other threads
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Business Media
"Wall Street" Part of Wall Street Journal Increasingly Meaningless
Robert Thomson, the wily Aussie installed by Rupert Murdoch as editor of the Wall Street Journal, wants his newspaper to be big in Japan. And Europe. And Chicago. And Los Angeles.
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By Owen ThomasComment by cassandra: Thomson is Australian, not British. I'm not sure how that affects your illusory "wiliness" matrix but it's worth getting it... 1 Responses | Other threads
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DailyFill
MySpace launches another doomed gossip site
The celebrity-industrial complex will expand, must expand, can't help but expand until every site on the Web features gossipy famous-people headlines. The latest entrant: DailyFill, MySpace's slapdash copycat celebrity-news site.
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By Owen ThomasComment by JustStart: satan shat myspace out one night after a raging circuit party. 1 Responses | Other threads
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breakdowns
MySpace foe can't keep it up
Brad Greenspan, the former CEO of Intermix Media, the company which launched MySpace, loves to make trouble for News Corp., the media giant he claims bought Intermix and MySpace for a song. Too bad he pays more attention to his ongoing, one-sided feud than his revenge vehicle, LiveUniverse. Greenspan's startup is having trouble with his uptime; a tipster says his LiveUniverse and LiveVideo sites have been down for two days running. That's not the real problem; the real problem is that it took two days for anyone to notice they've been down.
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By Owen ThomasComment by MaiaEuryalus: The company is being evicted from its LA offices after months of not paying rent, and they had their phones... more » | Other threads
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online advertising
Hulu's surprising lesson
Jason Kilar, the CEO of online-video site Hulu, has rediscovered a truism: less is more. Hulu, which is mostly owned by NBC and News Corp., runs fewer ads on the TV clips it licenses from its TV-network parents than they air when they broadcast the same shows. And yet the ads are more effective. This could simply be a novelty effect; everything about Hulu is new, so the ads also draw more notice. But Hulu may be onto something. Why don't networks try running fewer ads on air, too? (Photo via Alarm:Clock)
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By Owen ThomasComment by marcsiry: I'm not sure this story follows VW style guidelines- aren't you supposed to use at least one vaguely insulting descriptor... 2 Responses | Other threads
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owen van natta
MySpace Music's fruitless CEO search
Why can't News Corp. find anyone to run MySpace Music, the spinoff from its social network which is part-owned by major labels? No one seems able to state the obvious: MySpace Music is a feature, not a company. The outside investment it garners is just an elaborate way of cutting in the labels on MySpace's music-related profits. No wonder former Facebook COO Owen Van Natta turned down the job; TechCrunch reports that he cleverly tried to get MySpace to buy Project Playlist, a music startup he'd invested in, as part of the deal. Van Natta picked the right test: If MySpace had been willing to fold Project Playlist into MySpace Music, it would have proven that the music venture really had some independence. Any other CEO candidate should ask the same questions Van Natta raised with his quid-pro-quo deal.
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By Owen ThomasComment by nirreskeya: Was Owen planning on moving to LA, or just commuting from the Bay? Both sound terrible to me. more » | Other threads
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meltdowns
Buy food and guns — but not the crisis hype
Jeremy Philips, News Corp.'s Internet-savvy executive wunderkind, has been going around telling anyone who will listen, "Buy food and guns." Some people can't tell if Philips (shown here, right), is kidding; those who take him seriously interpret it as a wry shorthand for hunkering down and bracing for a long economic downturn. It's naive to think that the meltdown of the investment-banking sector won't have an effect on Silicon Valley. But not in the way most people think. More » -
geek love
Michael Arrington pounding his MySpace source
When TechCrunch, the blog for startup fetishists, published leaked screengrabs of MySpace's just-launched music service, Michael Arrington wrote: "We’ve been pounding our sources for screenshots of the new service for weeks without any luck." Now we know what he meant. A tipster tells us, and another source confirms, that Arrington's been dating Dani Dudeck, MySpace's VP of global communications, for months. More »
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Comment by Rachel Marsden: Also, people who use "wait for it" as a splicer should be stood up against the nearest wall and shot. 2 Responses | Other threads
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music
MySpace launches music site, biz prays it's the next MTV
MySpace CEO Chris DeWolfe wanted a one-stop music shop that would have included event ticket and merchandise purchases along with streaming audio and paid downloads. What he got were agreements from the four major labels for the streaming audio and a deal with Amazon to sell digital downloads. Which is something. Also, there's handful of big-name sponsors like McDonald's and Toyota, and MySpace certainly still has a huge user base of music lovers. Whether or not this is "the one" for the record industry remains to be seen. How's the service? More » -
meltdown
5 tech companies getting soaked by Wall Street's meltdown
If Silicon Valley is mentally disconnected from this week's Wall Street mess, it's because ad-supported companies dominate the Valley these days. High-net-worth investors aren't reeled in with cheap banners, so the demise of Lehman Brothers or Merrill Lynch hardly pinches budgets. Lehman spent just $501,900 on ads, both online and off, in the first half of 2008. Merrill Lynch, which has a much larger consumer business, still only spent $38 million on advertising last year. Still, some 150,000 people will lose their jobs in this week's fallout. That's a lot of tech infrastructure no one will want to pay for anymore. Lehman, for example, spent $309 million on IT last quarter alone. What's more, Lehman's investment banking connections run deep in the Valley's world of startups, VCs and big company buyers. Below, five tech companies that find themselves wishing they could unleash themselves from Wall Street's fate. More »
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Comment by sample032: "New York's most successful tech company is financial information provider Bloomberg..." That's news to IBM. 1 Responses | Other threads
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exits
MySpace China CEO quits, with Rupert Murdoch's wife in the wings
Why doesn't News Corp. CEO Rupert Murdoch just make it official? His wife, Wendi Deng, serves as "chief strategist" for MySpace China, the media conglomerate's Internet outpost in her homeland. MySpace China CEO Luo Chan has just quit. Just promote her already, Rupert! You're not going to have any luck recruiting an outsider to fill the spot, when it's obvious Deng runs the show. And you'll never hear the end of it from her until you do. (If you're not familiar with Deng's colorful history before she married Murdoch, you should read up on it, courtesy of a pre-Murdoch Wall Street Journal article.)
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By Owen ThomasComment by Drunken Economist: Here's your Palinesque cheap shot of the day: If 'Deng' is Hanyu Pinyin, then it's not 'dehng' as said in... 2 Responses | Other threads
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news corp.
Rupert Murdoch damns MySpace with faint praise
Employees of Fox Entertainment Group, the News Corp. entity which includes most of the media conglomerates U.S. arms, recently got a peppy letter from septuagenarian CEO Rupert Murdoch and COO Peter Chernin. After lavishing Fox's movie and television units with praise — "record market share," "double digit profit growth," "critically acclaimed releases," Murdoch finishes the letter with this tepid phrase: More »
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By Owen ThomasComment by SYDNEYWAG: Nevermind that Rupy didn't even notice the Internet existed until oh, umm...2005....preferring instead until that point not to "cannabilise"... more » | Other threads
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venture capital
Who has it out for Photobucket's investors?
The investors at Insight Venture Partners, already wealthy, got richer yet when they invested personally in Photobucket, a photo-sharing site now owned by News Corp. Insight's cofounders Jeff Horing and Jerry Murdock made $5 million apiece. Their limited-partner investors, including Yale's endowment and California's state retirement fund, did not get a chance to invest in the deal. Controversial? Yes — to someone who I suspect bore a grudge against Insight, and peddled this story to every outlet he could find, including Valleywag. More »
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By Owen ThomasComment by davidu: First -- Insight isn't a typical VC, so I'm not sure what sggrf is talking about. All my interactions... 2 Responses | Other threads
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jackpot
Chris De Wolfe's gain is Fox execs' loss
News Corp.'s online arm, Fox Interactive Media, has struggled to attract online talent while paying them like a startup would. (News Corp. shares just don't cut it.) The solution for the unit, which includes MySpace and a passel of lesser-known websites: a long-term incentive plan, or LTIP, which offers a sort of phantom equity to executives in the division. In the last few weeks, the numbers for the most recent fiscal year which ended June 30 were distributed, and they were "disastrously low," says a tipster. "Most executives were already looking to leave," he says. "They hated FIM and the only reason they were staying was because of promises made about the LTIP." True, FIM hasn't quite made its aggressively optimistic numbers. But executives believe the real reason their bonuses are so low is MySpace CEO Chris DeWolfe's fat contract. More »
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By Owen ThomasComment by Furious George: @transparency: It looks like one of those circa-mid-1990s knit sweatshirts, a.k.a., a drug rug. more » | Other threads
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hires
MySpace music venture lonely at the top
MySpace Music, the joint venture between the social network and three big record-label groups, is struggling to find a CEO, according to The Deal. There's a long list of prospects who have turned the News Corp.-owned social network down: Ian Rogers, the former head of Yahoo Music; Jim Bankoff, formerly of AOL; Eric Garland, the highly quotable head of file-sharing research firm BigChampagne; and former Launch CEO Dave Goldberg, who now works at Benchmark Capital as an entrepreneur-in-residence and is married to Facebook COO Sheryl Sandberg, which makes the L.A. job geographically undesirable. But what's most amusing about MySpace's failed CEO search is the excuse MySpace is now giving for putting off a hire: The team is so close to delivering a product that hiring a boss now would just screw things up. Makes sense — but it raises the question, why hire a CEO at all?
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By Owen ThomasComment by colonelpanic: Actually, a dusty old 1998 530i is retro-cool ironic. THIS car is the automotive embodiment of a MySpace page: more » | Other threads
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geek love
Terry Semel spawn Courtenay dating MySpace star Tila Tequila
Plasticly popular MySpace personality Tila Tequila and Courtenay Semel, the daughter of ex-Yahoo CEO Terry Semel, attended a premiere together last night in Los Angeles. There, the pair confirmed a more successful merger than Semel senior ever managed. “I’d seen the show [A Shot at Love] and just needed to meet her and it just happened,” Semel told People magazine. “It’s true what they say about lesbians," said Tequila. "You meet and then the next day you move in together, because I can’t get rid of her. She pretty much lives at my house.” We think this is the only Yahoo-MySpace deal we'll see happen. (Photo by AP/Steinberg)
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Comment by Migrant Blogger: 30 comments on a VW story ... isn't this a record? more » | Other threads
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online advertising
Fox exec on MySpace: Google's ads aren't working, but ours are
News Corp. reports earnings tomorrow — but no one's worrying about how many copies of The Simpsons Fox sold on Blu-ray. Wall Street's worries are centered on how ads are doing on MySpace. After months of denials, a Fox executive has conceded the obvious to the Wall Street Journal: Google's keyword-pegged ads are bombing on MySpace. Google CEO Eric Schmidt said as much in discussing his company's results, but MySpace founder Chris DeWolfe was quick to deny a problem at the time. With Fox Interactive's parent company, News Corp., reporting quarterly results tomorrow, we suspect the Fox source let the bad news leak early in an effort to mix a hint of optimism in the story. The result: More »
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Comment by sggrf: I seriously doubt that Google renews the content part of this deal. more » | Other threads
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politics
Senator Ted Stevens indicted for making "false statements"
Ted Stevens, the Republican Senator from Alaska who has held office for a record 40 years, has been indicted on seven counts of making false statements in connection with illegal influence peddling by the likes of convicted Veco CEO Bill Allen — who says the company dispatched employees to remodel Senator Stevens's Alaskan home and paid former Alaskan State Senator Ben Stevens, Ted Stevens's son, $234,000 in bribes. However, none of the indictments arises from his much-parodied description of Internet infrastructure as a "series of tubes." More »
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By Jackson WestComment by Vulture: So when are they going to indict the rest of the Senate? more » | Other threads
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downtime
Hulu widgets let you watch TV while pretending to use Internet
Finally a widget I can get behind: TV and movie site Hulu has built a set of highly configurable widgets that can preview or even play full episodes in the middle of a Web page. Now if only they'd carry the entire Season 4 backlog of Battlestar Galactica.
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By Paul BoutinComment by WagCurious: Let me save you the time Paul... the Battlestar finds earth, but it's been devastated by war. Did not see... more » | Other threads
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rumormonger
Has News Corp. acquired TechCrunch? Everyone's talking about it, but it's not happening
A startup founder tells us that, over the weekend, he and his friends overheard TechCrunch writers celebrating the sale of Michael Arrington's blog to News Corp.'s Fox Interactive unit — Rupert Murdoch's home for MySpace, Rotten Tomatoes, and other wayward websites. The source tells us that the deal has been signed, but TechCrunch is waiting for its summer party at August Capital's Sand Hill Road offices to announce it. Another source who's spoken recently to Arrington says that a deal is on. But a highly placed News Corp. source says there's "no truth" to the rumor. What's behind this wave of TechCrunch sale talk? More »
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Comment by kimbjo: why would anybody buy a company so closely related and tied in it's identity and operations to one guy? pay him... more » | Other threads
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strategery
Murdoch on Microsoft-Yahoo: "There won't be a deal"
Yahoo CEO Jerry Yang, who says shareholders shouldn't give corporate raider Carl Icahn control of the company because he has no plan other than to sell to Microsoft, got a boost from an unexpected supporter: News Corp. chairman Rupert Murdoch. Murdoch told reporters at Allen & Co.'s Sun Valley retreat that "in six months, (Microsoft) will walk away." The crusty mogul added: "There won't be a deal. There's bad personal feelings." More »
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Comment by outside2344: damn, the escort he is walking with back to his hotel room is hot. more » | Other threads
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yahoo raid
Yahoo refuses to pay News Corp. $15 billion for MySpace
There's desperate — and then there's "paying $15 billion for second-place has-been social network MySpace" desperate. Not even Yahoo CEO Jerry Yang, under pressure from a mixed-up Microsoft, angry shareholders, and crazy-old-coot corporate raider Carl Icahn to do some kind of deal, is that desperate. Yang is taking so much heat for blowing merger negotiations with Microsoft, botching the company's reorg, and losing top talent that he's probably going to lose his job come August 1, when the company holds an annual shareholder meeting. But despite all that, a source close to the company told Reuters that Yang refused a bailout deal with News Corp. that would have combined Yahoo with MySpace because "News Corp. sought a value of as much as $15 billion for those assets." At long last, we're happy to credit Yang for a smart move! More »
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Comment by pleinad: Yes Jerry made the right call. If he didn't get Facebook for $2b and Bebo for $1b why would he... more » | Other threads
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stocks
Wall Street Journal makes Yahoo more expensive for Rupert Murdoch
The Wall Street Journal's report that Microsoft is looking for partners to dine on Yahoo's carcass à la carte — a group which includes Journal owner News Corp., whose media-mogul boss, Rupert Murdoch, has long flirted with swapping MySpace for a chunk of Yahoo — triggered after-hours trading that boosted Yahoo's stock well above $21 a share, keeping it from dipping below the $19 it was trading at before Team Redmond's initial buyout offer was announced. We can only hope the story was sourced better than TechCrunch's earlier stock-boosting rumor.
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By Jackson WestComment by sample032: For the ballsy, it's short time. Or buy some puts; I can't imagine this boost lasting more than a... more » | Other threads
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deals
Microsoft looking for a third to get in on the Yahoo action
Microsoft's latest plan: acquire Yahoo's search business and convince either Time Warner or News Corp to snatch up the rest. Microsoft CEO Steve Ballmer and Yahoo board chairman Roy Bostock had a meeting scheduled Monday to discuss the plans, but Ballmer called it off at the last minute, reports the Wall Street Journal. Yahoo sources took the cancellation to mean Ballmer couldn't persuade News Corp's chairman Rupert Murdoch or Time Warner CEO Jeff Bewkes to do the deal. They're probably right about Bewkes. Word has it he's hoping Yahoo will buy Time Warner's AOL, not the other way around. As for Murdoch, he's been willing to hand over MySpace for Yahoo stock since at least last year, but perhaps like us, he's wondering why anyone would make a move for Yahoo shares right now, when they don't seem to be going anywhere but down. (Photo by xamad) -
jerry yang
Cowed Yahoo board members' wishlist of Yang and Decker replacements
Yahoo shares are almost below $20 in morning trading and as the company approaches its August 1 annual meeting, Yahoo's directors have finally begun to fear for their jobs and their reputations. They're negotiating with Yahoo's major shareholders and, along with agreeing to renew talks with Microsoft and approach AOL for acquisition, some on the board are offering to promote CEO Jerry Yang into a non-executive chairmanship and fire Yahoo president Sue Decker. Reporter's reporter Kara Swisher reports that shareholders and some board members have already come up with a wish list of names for the top jobs. More » -
great moments in customer service
No, we're not MySpace Tom, but here's our advice anyway
Dear Valleywag reader Hannah M.: It's true that sometimes Valleywag writes about News Corp.'s social network MySpace. This does not make us MySpace co-founder Tom Anderson, however. We apologize for any confusion. The Internet can be hard. We understand. By way of making up for this grievance, we've posted your email — addressing us as "MySpace Tom" — in hopes that Anderson will see it and take action. In the meantime, please also note that you should not email "Goob" at FacebookTalk.com for help with your Facebook account. He's isn't quite as nice as us when it comes to these kinds of mistakes. You are welcome a "bunnch."
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Comment by raincoaster: The sad thing is, there's really only one "S" in her last name. more » | Other threads
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facebook
Murdoch calls Facebook a "flavor of the month" as MySpace falls to second place in traffic
News Corp. chairman Rupert Murdoch told an audience at the Cannes ad festival yesterday that Facebook, "done a great job of being the flavor of the month the last six months of last year." Murdoch went on to dismiss the site as a simple "directory" and, comparing it to News Corp's own MySpace, said "they've not monetized as well as us." If that's the case, Murdoch has a low estimation of Facebook's money-making prowess indeed. Google CEO Eric Schmidt, whose company paid $900 million for the right to sell the ads for MySpace in 2008, said last month it still hasn't figured out a way to profit from the deal.
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Comment by G2GdoB2B: Truth is nobody has really figured it out. Social networks have all the information but no real way to monetize... more » | Other threads
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michael arrington
Did the New York Times Joker-ize Digg CEO Jay Adelson?
Saul Hansell quoted Digg CEO Jay Adelson defending the Associated Press (of which Hansell's publication the Times is a member). TechCrunch's Michael Arrington freaked out, natch. Adelson then attempted to further explain his complicated position, trying to be diplomatic. Yawn. As we've said before, and will say again, exercise your fair use rights under the law and shut up, because giving the AP attention just feeds its argument and therefore reinforces its position. Moving on: More » -
online video
YouTube moves to counter Hulu by offering full-length movies and shows
Mark Cuban says Hulu is kicking ass because of a simple marketing device: The NBC and News Corp.-backed site is advertising full-length programs on YouTube to get traffic to shows on which they can sell real advertising. YouTube, rather than ban Hulu, is now angling to keep that traffic in-house by allowing partners to upload shows up to 1 gigabyte in size, enough room for full-length film and television programming (though not at great quality). More »
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By Jackson WestComment by Hey_mikey: @WagCurious: SAG is dreaming if they think that vbloggers are going to pay union dues. Not that it might not... more » | Other threads
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myspace
Fox's Batman ad on MySpace to trigger flashbacks for 9/11 survivors?
The MySpace homepage today features the same burning-building graphic used in the promotional poster for the upcoming Dark Knight sequel. It's not a new image, but by pushing the campaign online, it certainly reminds me of recent attempts to trigger epileptics by posting strobing images to epilepsy forums — since survivors of the attacks on the World Trade Center on September 11, 2001 suffering from post-traumatic stress disorder might cry "trigger." Maybe someone at Fox Interactive did it for the lulz.
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By Jackson WestComment by Nicholas Carlson: Andrew 1: Knock knock. New York: Who's there? Andrew 1: 9/11 New York: 9/11 who? Andrew 1: You said you'd never forget. [jessicacoen.tumblr.com] more » | Other threads
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Fri Jul 10
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