<![CDATA[Gawker: valleywag, thomson reuters]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, thomson reuters]]> http://gawker.com/tag/valleywag/thomsonreuters http://gawker.com/tag/valleywag/thomsonreuters <![CDATA[Reuters Implores AP to 'Stop Whining']]> Huzzah: A president at newswire operator Thomson Reuters says traditional journalism is not actually being strangled by Google, blogs and the rest of the internet. And that anyone who thinks so — *cough* AP *cough* — should get a grip.

Thomson Reuters' media group president Chris Ahearn recently tweeted that his company "stands ready to help those who wish an alternative to the AP," the Reuters competitor that has proclaimed it is "mad as hell" at various internet fiends. AP is trying to charge people for quoting as few as five words of its content.

Ahearn has elaborated on his "alternative" in a blog post, writing that too many traditional media organizations waste manpower "recycling commodity news" and that they should instead seek to retool, including by forging a new "win-win relationship" with new media. The executive dispenses bluntly with those who would point the finger, like AP:

Blaming the new leaders... or saber-rattling and threatening to sue are not business strategies – they are personal therapy sessions. Go ask a music executive how well it works... Let's stop whining and start having real conversations.

It sounds like Ahearn has started just such a "real conversation" himself. TechDirt has already blogged back. And Reuters is even authorizing bloggers to "hyperlink" and excerpt its side of things, as God and the U.S. Code intended. Imagine that.

(CORRECTION: This post originally stated that Ahearn was president of all Thomson Reuters; in fact he is president of the firm's "media group.")

(Pic: Reuters)

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<![CDATA[When flacks attack! Marcy Simon vs. Elliot Schrage]]> CARLSBAD, CA — I'll be unabashed about it: Part of the fun of a conference like D6 are the casual mogul sightings. Look! Barry Diller in a schlumpy brown sweater! Say, isn't that Jeff Bezos chatting up a Googler? But my favorite happenstances are the reunions of frenemies. Take, for example, this chance encounter between Marcy Simon, the former girlfriend of Google CEO Eric Schmidt, and Elliot Schrage, the head of Facebook PR. (Sandwiched awkwardly in the middle is Google VP Susan Wojcicki.) Simon and Schrage's back story, and more pictures from the hotel lobby at D6, after the jump.

Schrage, we hear, strongly opposed Simon's hiring as a consultant for the launch of the then-secret Googlephone — the collection of wireless software now known as Android. And Schmidt's extramarital relationships, first with Simon and later with Kate Bohner, were a source of friction between him and Schrage, not because Schrage disapproved, but because it hurt the company's image. Or so I've heard. I've run into Schrage twice at the conference, and he's made noises about talking to me, at which point I'll ask him directly about all this.

That's not the only run-in Schrage and Simon have had, though. Before taking her current gig at Thomson Reuters — one that Thomson Reuters PR staff are not very happy about — Simon made a strong play to take over PR at Facebook. She was not very gently rebuffed, and Schrage landed the job instead.

And yet here we see Schrage, smiling, or faking a smile, as he catches up on email as Simon and Wojcicki catch up. His new bosses at Facebook should be pleased they've hired someone so skilled at putting on appearances.

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<![CDATA[Invading D6, the Wall Street Journal's posh pooh-bah conference]]> CARLSBAD, CA — D, the Wall Street Journal schmoozefest which opened today with a round of golf at the Four Seasons Aviara Resort, is not the conference for the rest of us. It attracts a host of tech and media CEOs who agree to be harangued onstage by Walt Mossberg, the sexagenarian of sexy gadgets, and Kara Swisher, the diminutive media commentaterrorist of AllThingsD.com. In exchange, they get to seem classy and witty, if only by comparison. It is the sort of elite event to which Valleywag is not invited. We showed up anyway.

Security may prevent me from attending the formal program. But the hotel bar is lovely, I hear, and I intend to camp out there, to overhear what I may and hold court with brave (or incautious) tipsters. Folks I'm looking forward to running into:

  • Facebook COO Sheryl Sandberg, who threatened to shoot me
  • Thomson Reuters CEO Tom Glocer, or rather, his rumored chaperone at the event — Marcy Simon, Google CEO Eric Schmidt's ex-girlfriend
  • Yahoo president Sue Decker, who is negotiating a divorce at the same time as a merger

And that's just for starters. See why I don't get invited to these things?

For you, gentle reader, I can endure a few awkward conversations and more. Peruse the list of speakers, think of questions you'd like me to ask, and I'll do my best to buttonhole them for you.

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<![CDATA[RIM seeds new $150 million venture fund for BlackBerry software]]> Canadian smartphone maker Research in Motion (RIM) announced a new $150 million Blackberry Partners Fund which includes private Canadian investors, RBC and Thomson Reuters. The fund will focus on companies building technology that works with RIM's popular BlackBerry mobile devices. And it raises the question: Why isn't the large installed base of BlackBerry devices motivation enough for developers? [PEHub]

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<![CDATA[Are VCs fleeing the Web? Yes and no]]> Most venture capitalists are adept followers of the herd. As such, their investments are best seen as trailing indicators — the financial detritus of events past, rather than predictors of what to come. Is there a bubble in Web startups? The numbers themselves are as confused as investors. Dow Jones says the first quarter saw a record $1.58 billion in venture capital invested in Internet companies. Thomson Reuters says its figure of $1.3 billion was down 7 percent from the fourth quarter. Data about VC investments is hard to obtain, and the two categorize companies differently. Anecdotally, it's clear that smart VCs have stopped funding every new social-media website and online-ad network that cross their desks. But the Valley remains awash in dumb money that has yet to be called home. The popping of this bubble will take more than a quarter's time.

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