By Roy Greenslade : James Murdoch’s speech to investors in Barcelona ( via Reuters ) yesterday revealed the direction that News Corporation ( NYSE: NWS ) plans to take in the coming years. His key quote: In the business of ideas, which is the business that we are in, we do think journalism plays a role, and we do think there are business models there that will make a lot of sense, albeit perhaps...
Tory culture secretary Jeremy Hunt demands massive media reform to "allow media operators more flexibility to own businesses operating on both the same and different platforms" and enact light touch regulation. The price of Rupert Murdoch's support!
Time Warner (TWX) decides to sell off AOL. At the same time they announce they will reduce the AOL work force by one third. So basically the board of directors knew they had to cut one third if not more and kept these guys around, destroyed shareholder wealth and are now sufficiently hypocritical by trying to unload AOL with the lead headline that the staffing is bloated.
Here is an early heads up for tomorrows Excess Baggage. I’m going to do something here that would totally annoy and make the blood pressure of Rupert Murdoch go through the roof. In fact I think he would get some of those pet reptiles of his to send me a nasty letter if he caught me. So [...] whitespider1066.com on Facebook
AOL which will be sprung from Time Warner at the beginning of next month laid off 1/3 of its workers and reports indicate it's putting its ICQ messaging service and perhaps MapQuest up for sale. Among the possible buyer suggested for the mapping biz:... Read more
The co-founder of Twitter today warned Rupert Murdoch that his plans to charge for online content, and block Google from using stories produced by his News International titles, were a vain attempt to "put the genie back in the bottle".
Texas Republicans are truly an entirely separate category of stupid. “For somebody like me who has put together the logistics of a court trial, you’ve got weak links all along the way from the jailers, the bailiffs, the clerks, the jurors, the judge, everybody in the courtroom, their families…You’ve got subways, tunnels, bridges all subject to [...]
COSI Columbus' Dynamic Hands-On Science Center! Here are some pictures from the Connect a Million Minds launch at COSI today. Time Warner cable will invest $11 million right here in Ohio to organizations who help engage children in science, technology, engineering & math.
NEW YORK | AOL LLC, an Internet company struggling to adapt to an advertising-driven economy, is looking to shed as much as 36 percent of its work force as it prepares to spin off from Time Warner Inc. next month. Major job cuts had been expected, but the magnitude hadn't been known until Thursday. AOL, which now employs 6,900 workers, is asking for 2,500 volunteers to accept buyouts. If it falls short,...
Biz Stone, co-founder of Twitter, said that he would "love to see what happens" if Rupert Murdoch goes ahead with his plans to block News International titles from Google's search index and implement his proposed paywall. Speaking at an event...
I suspect the workforce buyout offer will be over-subscribed In recent years, amid the fallout from its audacious merger with Time Warner , AOL Inc. has steadily become smaller through subscriber desertions and rounds and rounds of layoffs. It is becoming smaller still. On Thursday, AOL announced it would cut its work force by one-third by eliminating close to 2,500 workers. The move comes as the...
Co-owner of Twitter, Biz Stone, has spoken about Rupert Murdoch's pay-wall plans and believes the owner of News Corp's ideas would "fail fast". Discussing the matter at an event in London, Stone likened Murdoch's radical plans to turn the Sun and the Times websites into subscription-based models to when the car took over from horse, saying: "I am sure that during the transition from...
(Telecompaper) AOL said in a filing to the SEC that it wants to cut one-third of its workforce, or around 2500 jobs, in an effort to cut around USD 300 million in annual costs, as part of its planned spin-off from Time Warner. AOL will start with a volunteer buyout programme and move on to involuntary layoffs if enough workers do not opt out. The internet company said earlier that the layoffs would...
Cost-reductions ahead of Time Warner spin-off In the States, AOL has announced it will be cutting its workforce by around a third after it gets spun off from Time Warner next month. The jobs cuts - nicely timed for the "holidays" - will see both involuntary and voluntary redundancies for around 2500 members of staff. The move is part of a cost-cutting programme as AOL prepares for its IPO...
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