John Paczkowski

Recent Posts by John Paczkowski

RealNetworks Posts Q4 Loss

RealNetworks investors hoping the company’s recent management changes herald an improvement in its financial performance should steel themselves for another unpleasant quarter or two. Reporting a worse-than-expected fourth-quarter net loss after market close today, Real said it expects revenue in the current quarter “to decline by up to 12 percent year-over-year and up to 15 percent sequentially.”

An ugly forecast, especially considering today’s financial report from the company: A loss of $13.3 million, or 11 cents a share, on revenue of $145.5 million–down five percent year-over-year.

“The severe recession in 2009 hurt both our revenue and profitability for the year,” Bob Kimball, president and acting CEO of RealNetworks, said in an earnings news release. “While we don’t expect that overall trend to change in the first quarter, we are aggressively moving to transform RealNetworks into a more simple and focused company that delivers value to its shareholders. The first step in Real’s simplification was announced this week with the separation of our Rhapsody music business into an independent company.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald