News Byte

Elvis, Muhammad Ali and American Idol Sold For $509 Million

CKX, the holding company that owns the production company behind “American Idol,” is being sold to private equity firm Apollo Global Management for $509 million. Besides 19 Entertainment, CKX also owns licensing rights for Elvis Presley and Muhammad Ali, as well as a majority share of Presley’s Graceland mansion. Deadline and the LAT have good background.

Exclusive: Silicon Valley Go-To Guy Peter Currie Joining Twitter Board

According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter. It’s an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually. With much hot start-up experience, Currie is also suited to helping Twitter sort through its current funding round.
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Don't Miss the Annual GadgetFest at Churchill Club Thursday, Featuring Facebook Celeb Geeks

This Thursday, my All Things Digital partner, Walt Mossberg, and I are hosting–for the seventh year running–the annual “What’s Hot and What’s Not in Personal Technology” program for the Churchill Club. This year, our guest “tech geek” celebs–drawn from the gadget-mad players of Silicon Valley–are Facebook COO Sheryl Sandberg and Mike Schroepfer, the social networking site’s VP of Engineering. Let the gadgeting begin!
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Meet Peter Currie, Facebook's New Money Man (For Now)

Back in the heyday, Peter Currie was the money man to see in Silicon Valley. As CFO of Netscape Communications, he led the famed browser start-up into history, as the first great Internet rocket ship, when it went public on Aug. 9, 1995. Rising to insane levels, the stock was ground zero of the Internet gold rush, despite the fact that it had no profits to speak of. But it did have a 23-year-old co-founder and tech wunderkind in Marc Andreessen and a growth trajectory that was astounding. If you think it sounds somewhat similar to Facebook today–where Currie will now help out as temporary financial adviser after the social-networking site parted ways with its CFO, Gideon Yu, yesterday–you are correct.
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How to Juice AOL: A Spin-Out, Of Course, But Also a Reunion at Dulles HQ?

First came the go-go hello email, and now new AOL Chairman and CEO Tim Armstrong will address all the troops tomorrow at 11 am EST and has chosen to do so from, of all places, AOL’s old center of power in Dulles, Virginia. Many at AOL hope that Armstrong will quickly and transparently lay out plans for a spin-out of the Time Warner online unit from the media conglomerate, where it has languished for years. And sources said Armstrong could further up the ante and help raise the layoff-weary morale by having some former AOL execs from its glory days as the top online player in person at the event.
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A Video Smorgasbord From the Churchill Club's "Sixth Annual What's Hot and What's Not in Personal Technology"

Last night, Walt Mossberg and I hosted yet another annual “What’s Hot and What’s Not in Personal Technology” event for the Churchill Club. It was a gadgetfest with BoomTown, Walt Mossberg, Gadgetoff’s Greg Harper and Twitter Co-Founder and CEO Evan Williams presenting the digital show-and-tell. Here is a rather longish video of the event, which is well worth watching. (Yes, I am–along with my No. 1 son, Louie, and an animatronic Elvis–wearing a Yahoo hat.)

The Entire D6 Interview With Facebook's Mark Zuckerberg and Sheryl Sandberg (2 of 4)

We’re posting all the interviews from the sixth D: All Things Digital conference that took place in late May. Here’s Part 2 of 4 of an interview I did with Facebook Founder and CEO Mark Zuckerberg and COO Sheryl Sandberg. The social-networking site has had quite a year as the hottest and most hyped on the Web 2.0 landscape. With fast growth and still-questionable monetization power, where Facebook is going will be a journey plenty will be paying attention to. In this video, Zuckerberg talks even more about sharing information, explains why he wants to stay CEO, discusses mistakes like Beacon and successes like Facebook’s open platform, and defends widgets. Meanwhile, Sandberg talks about why she came to Facebook from Google, compares widget popularity to Elvis fans and talks about where ad spending is going online (think virtual ice cream cones).