bailout

Turnabout Is Fair Play: BoomTown Decodes Rupe's Journalism-Is-Not-a-Free-Cow Op-Ed!

Kara Swisher in News on December 14, 2009 at 9:05 am PT

Last week, BoomTown translated an opinion piece written by Google CEO Eric Schmidt and published in The Wall Street Journal that focused on defending the search giant from criticism that it was, well, killing journalism. One of the louder critics, in fact, has been Rupert Murdoch, chairman and CEO of News Corp., who has leveled a series of high-profile verbal attacks on Google. Last week, Murdoch published his own piece in The Journal, in which Google was never mentioned by name. So in the interest of equal-opportunity balloon-pricking, I must also render Murdoch’s post through my decoding machine, because it’s only sporting!

Newspapers to Congress: Please Don’t Give Us a Bailout

Peter Kafka in Media on September 24, 2009 at 7:59 am PT

The newspaper bailout proposal you may have heard about over the last few months? The newspapers want no part of it, says an industry spokesman. That said, the industry wouldn’t turn down some help from Congress, says John Sturm, CEO of the Newspaper Association of America. He is testifying before a joint committee this morning.

Warren Buffett at Fortune Women's Conference: On the Economy and George Clooney

Kara Swisher in News on September 15, 2009 at 12:01 pm PT

Folksy set was on the highest burner possible at Fortune magazine’s Most Powerful Women’s conference this morning, as legendary financial investor Warren Buffett took to the stage. Buffett, who was interviewed by Fortune’s terrific Carol Loomis onstage in Carlsbad, Calif., held forth to the crowd–made up mostly of women–having instructed Loomis previously to “do anything with me…I like your crowd.”

Viral Video: New Michael Moore Bailout Teaser

Kara Swisher in News on June 15, 2009 at 3:14 am PT

This week’s viral video is for filmmaker Michael Moore’s latest, which takes direct aim at the banking bailout. Called “Save Our CEOs,” the teaser notes: “This time it’s personal.” Well, Moore is always personal, so slapping around Wall Street and the politicians responsible for the econalypse should be interesting, to say the least.

Ad Giant Omnicom: Stimulus Spending Could Boost Media by End of the Year

Peter Kafka in Media on April 27, 2009 at 11:23 am PT

Ad giant Omnicom reported that its revenue dropped 14 percent and profits declined by 21 percent in the last quarter, but investors are bidding up the stock in a down market. That’s presumably because the profit slump isn’t as bad as Wall Street expected. But maybe investors are buying some of the optimism CEO John Wren doled out–sparingly–during the company’s earnings call: He thinks stimulus spending could lead to more advertising spending by the end of the year.

Weekend Update, 4.26.09

Beth Callaghan in News on April 26, 2009 at 6:00 am PT

It was a banner week for earnings calls. Yahoo, Microsoft and Apple all got the liveblogging treatment on All Things D. First up, BoomTown’s anticipation for pistol-packin’ Carol Bartz’s first earnings appearance paid off when Bartz dropped the F-bomb, live and uncensored.

Mr. Newspaper Goes to Washington, Comes Back Without a Bailout

Peter Kafka in Media on April 22, 2009 at 4:46 am PT

The newspaper industry wants help from Washington. But it’s not going to get it anytime soon. That’s the takeaway from a Congressional hearing yesterday, where some industry executives pleaded their case–specifically, that they need a change in antitrust law to survive. But if they were thinking that the Obama administration would be receptive to that sort of thing, they got a swift rebuke.

Econalypse Now

John Paczkowski in News on October 6, 2008 at 9:03 am PT

The government’s $700 bailout of Wall Street, signed into law Friday after weeks of contentious debate, clearly isn’t the panacea for which tech investors, and investors in general, had hoped. Technology stocks stumbled at the opening bell Monday and then fell flat on their faces as investors succumbed once again to the market malaise.