A system to speed elite travelers through airports shuts down after four years and $116 million. Its failure will rub some shine off a couple of well-known media types: The entrepreneur behind Court TV and some of the primary investors behind Twitter.
Jay Maynard, a.k.a. “The Tron Guy,” is famous for dressing up like, well, one of the guys from the movie “Tron.” But while that distinction made him one of the early breakout stars on YouTube, it hasn’t made him rich. Or at least, not wealthy enough to afford the customized airplane he bought last year for $140,000. He’s auctioning it off on eBay at a fire sale price.
Mike Angus, EVP and General Counsel of Fox Interactive Media, is leaving that job for another in New Corp., as new digital head Jon Miller continues to reshape the division. Last week, BoomTown reported that FIM CFO Ed McKenna was leaving his post and the company, part of many changes taking place related to News Corp.’s digital properties. It’s all part of a major rejiggering of the News Corp. digital unit, which came into being almost four years ago, although not an elimination of the unit, as has been reported. More likely, it will likely include a name change–perhaps to the Digital Media Group–as well as a much streamlined organization that gives more autonomy to FIM’s Web, online advertising and publishing technology units.
Let’s say you’re a small-time blogger who makes a habit out of writing about, say, music or books or software or videogames. And let’s say that you’ve decided to join an “affiliate program” that sends readers to Amazon or to Apple’s iTunes, where they can buy said product. Well, the Federal Trade Commission might like a word with you.