News Corp. (NASDAQ: NWS), via the MySpace unit, has announced that it is acquiring a social music discovery service called iLike. Financial terms were not disclosed, but iLike’s co-founders and twin brothers…
Douglas A. McIntyre Reuters: China Investment Corp will put $2 billion into US mortgages. Reuters: The US pay czar says be can “claw back” executive compensation. Reuters: Japan is pulling out of its recession. Reuters: …
Twitter had another hacker attack yesterday. Several media outlets reported that the micro-blogging system was down periodically though the early morning and afternoon. The service had more severe problems last week. There…
Every time the media says that Fox Business Network is doing poorly or its rating are low, it defends itself with an astonishing rabidness. Fox will beat CNBC at its own game.…
Douglas A. McIntyre Reuters: A bubble may be forming in the corporate bond market. Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
Short sellers are will to bet, at least for now, that the worst of the banking earning crisis is over. Short interest in a number of large financial companies fell sharply for…
If at first you don’t succeed, try, try again. MySpace, which has lost the crown as the world’s largest social network to Facebook and fired about a third of its staff will…
Douglas A. McIntyre It was only a matter of time before major American magazines, flagships of the national media business, began to close or be put on the auction block. BusinessWeek is for sale according…
Douglas A. McIntyre Reuters: Social media such as Twitter may not be worth as much as many people believe because of challenges they face in bringing in revenue. Reuters: The arrests of Rio Tinto (RTP)…
Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy. Reuters: NYC apartment sales are down…
The DVD business is bad. Video-on-demand, available on most cable systems, and internet streaming of premium content have cut into one of the largest profit centers in Hollywood. Viacom’s (VIA) Paramount studio…
Facebook is becoming one of the most dangerous places on the internet. According to Reuters, “Scammers break into accounts posing as friends of users, sending spam that directs them to websites that…
Reuters: Bernanke denied putting pressure on Bank of America (BAC) over the deal to buy Merrill Lynch. Reuters: GM said a bankruptcy delay would destroy suppliers. Reuters: Nominees have started to emerge…
Yahoo! (YHOO) wants to change its image as the “also-ran” search engine with incompetent management. According to All Things Digital, Yahoo! “is working on a massive plan to overhaul its brand in…
What is true on the air is also true on the web. CNN.com has a larger audience that MSNBC.com. It also hold a large advantage over the largest website of any American…
