Kara Swisher

Recent Posts by Kara Swisher

Exclusive: Yahoo Loses Associated Content’s Luke Beatty, as Restructuring Looms

In yet another high-level executive departure, top-level content exec Luke Beatty, the founder of the Associated Content unit that Yahoo bought several years ago for $90 million, is departing, according to sources.

Beatty’s move comes as the Silicon Valley Internet giant is preparing large-scale layoffs and a massive restructuring, which several sources said will begin mid-week.

It’s another blow for the company, given the entrepreneurial Beatty was the kind of exec that Yahoo desperately needs to keep if its media aspirations are to remain innovative.

While Associated Content — now called the Yahoo Contributor Network — has been integrated into the media offerings at Yahoo, other upcoming cuts in Beatty’s areas of management could be decimating.

The changes are due to a new initiative from new CEO Scott Thompson to turn Yahoo around after years of lackluster performance. The situation has been tense at the iconic company, made worse by an increasingly nasty proxy fight that is also looming.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work