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		<title>Is He In or Is He Out? Crunchtime for Scott Thompson at Yahoo.</title>
		<link>http://allthingsd.com/20120511/is-he-in-or-is-he-out-crunchtime-for-scott-thompson-at-yahoo/</link>
		<comments>http://allthingsd.com/20120511/is-he-in-or-is-he-out-crunchtime-for-scott-thompson-at-yahoo/#comments</comments>
		<pubDate>Fri, 11 May 2012 15:15:28 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=206889</guid>
		<description><![CDATA[Waiting for a verdict in trial of ResuMess.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120511/is-he-in-or-is-he-out-crunchtime-for-scott-thompson-at-yahoo/in_n_out_logo/" rel="attachment wp-att-206892"><img src="http://allthingsd.com/files/2012/05/in_n_out_logo-380x253.jpg" alt="" title="in_n_out_logo" width="380" height="253" class="alignright size-medium wp-image-206892" /></a></p>
<p>While he has only been CEO of Yahoo for less than five months, in the next several days Yahoo CEO Scott Thompson is facing perhaps the most critical moment of his short tenure.</p>
<p>According to sources with knowledge of the situation, the board of Yahoo is not likely to take long in assessing whether he will stay or if he will be let go, due to a controversy around how a <a href="http://allthingsd.com/20120507/ceo-apologizes-to-yahoos-but-will-the-mea-culpa-work-without-an-explanation-for-the-borked-bio-memo/">non-existent computer science degree got on his bio</a> and also in Yahoo regulatory filings. </p>
<p>A special committee of independent directors is now investigating the matter, including trying to assess the damage has had on Thompson&#8217;s ability to lead the Silicon Valley Internet giant.</p>
<p>How quickly the board moves is likely to be a sign of their intent. If within the next days, it is likely to let the former president of eBay&#8217;s PayPal payments unit go and replace him with a current company exec; if it waits longer and shows some public support of him &#8212; which the board has not done since the scandal erupted &#8212; Thompson&#8217;s chances are better that he will only be given some sort of censure.</p>
<p>One important task is also closely considering the impact of possible legal problems related to Thompson and others signing documents with the Securities and Exchange Commission that were not accurate.</p>
<p>One thing is clear from interviews with multiple sources, many members of the board have not been happy with how Thompson has handled the matter since activist shareholder Daniel Loeb of Third Point uncovered the problem a week ago. </p>
<p>While first tossing the borked bio as an &#8220;inadvertent error,&#8221; Thompson was then largely silent about the issue with staff, despite being in close meetings with them, which caused stress among key execs.</p>
<p>Then, he made a public announcement in which he apologized for only the &#8220;distraction&#8221; caused by the incident and not the error itself as some had hoped he would.</p>
<p>Yesterday, apparently feeling it was time to try to explain things face-to-face, Thompson made another attempt to explain what happened in two separate meetings with his direct reports and then his senior staff, apparently trying to get through to employees that he did not fake his resume nor did he give an inaccurate bio to Yahoo when he was being hired for the job earlier this year.</p>
<p>Thompson thought it was time &#8212; now that the board investigation was underway &#8212; to answer questions directly, said a source.</p>
<p>Among other things, Thompson gave a somewhat convoluted explanation that it appeared in his bio due to a misunderstanding during an interview with a headhunting firm. And that he never noticed it once it proliferated And that when an NPR interviewer asked him directly about his CS degree, he did not want to correct her in mid-discussion &#8212; although others report he said he did not hear the question fully.</p>
<p>Sources said Thompson &#8212; who is on the midst of initiating changes across a large and troubled organization, after laying off 2,000 employees &#8212; thought the sessions went well, that he clearly communicated that he was taking blame for the problem and its repercussions. Those sources also noted that he received support for doing so after the talks.</p>
<p>But, more than a dozen others I interviewed who were listening remotely &#8212; some of whom I sought out and some who contacted me directly &#8212; thought Thompson&#8217;s complex explanation was deeply problematic and that he tried to foist the blame on others rather than on himself. </p>
<p>Every one of these people expressed the need for him to step down to allow Yahoo to move forward.</p>
<p>What the board thought about the performance is still not clear, said sources, but things are coming down to two distinct scenarios.</p>
<p>The first is a quick parting of the ways with Thompson, within days, either for cause or via a negotiated settlement. Others at Yahoo involved with perpetuating the mistake in the bio are also at risk.</p>
<p>This option is perhaps the more likely at this moment, unless the scandal dissipates and employees continued rancor over the situation can be assuaged soon.</p>
<p>In this case, sources said, Thompson will be replaced by a current board member or a member of the top staff. When directors fired Carol Bartz last fall, CFO Tim Morse became interim CEO and he is one of the likely candidates for the job again.</p>
<p>The second scenario centers on needing Thompson to complete a number of complex transactions related to the sale of Yahoo&#8217;s Chinese assets and its re-negotiations with Microsoft over its troubled search partnership, among other things. </p>
<p>In that case, Thompson will be censured in some manner by the board and will also probably have to endure some punishment for allowing false regulatory documents to be filed by Yahoo. Others at Yahoo will also be subject to the same treatment in such an outcome.</p>
<p>How will it turn out?</p>
<p>Only board member Patti Hart has so far paid for her faulty vetting of Thompson, <a href="http://allthingsd.com/20120508/exclusive-yahoo-director-in-charge-of-botched-ceo-vetting-to-step-down-from-board/">stepping down from the board</a> earlier this week. </p>
<p>But whether she will be the only shoe to drop in what has turned out to be a bizarre wildfire that as raged across Yahoo&#8217;s troubled landscape remains to be seen.</p>
<p>Thus, most definitely watch this space this weekend. </p>
<p><blockquote class="memo" style="background:#faf5e5;font-style:normal;">
<h4 class="subhed">RELATED POSTS:</h4>
<ul>
<li><a href="http://allthingsd.com/20120514/yahoos-parting-with-thompson-will-be-for-cause/">Yahoo’s Parting With Thompson Will Be for “Cause” (a.k.a. CSLie)</a></li>
<li><a href="http://allthingsd.com/20120513/ross-levinsohns-yahoo-plan-back-to-the-future/">Ross Levinsohn’s Yahoo Plan: Back to the Future</a></li>
<li><a href="http://allthingsd.com/20120513/heres-new-yahoo-ceos-first-note-to-troops-the-leaking-internal-memos-to-atd-policy-remains-in-place/">Here’s New Yahoo CEO’s First Note to Troops! (The Leaking-Internal-Memos-to-ATD Policy Remains in Effect As Usual)</a></li>
<li><a href="http://allthingsd.com/20120513/yahoo-officially-confirms-atd-report-on-ceo-changes-and-proxy-settlement/">Yahoo Officially Confirms ATD Report on CEO Changes and Proxy Settlement</a></li>
<li><a href="http://allthingsd.com/20120513/meet-the-man-i-call-the-hair-the-video-stylings-of-yahoos-newest-ceo-ross-levinsohn/">Meet the Man I Call “The Hair”: The Video Stylings of Yahoo’s Newest CEO Ross Levinsohn</a></li>
<li><a href="http://allthingsd.com/20120513/will-thompsons-ouster-mean-a-yahoofacebook-patent-settlement/">Will Thompson’s Ouster Mean a Yahoo-Facebook Patent Settlement Too?</a></li>
<li><a href="http://allthingsd.com/20120513/exclusive-yahoos-thompson-out-levinsohn-in-board-settlement-with-loeb-nears-completion/">Exclusive: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion</a></li>
<li><a href="http://allthingsd.com/20120511/heidrick-struggles-slaps-back-at-thompsons-yahoo-in-blame-game/">Heidrick &#038; Struggles Slaps Back at Thompson’s Yahoo in Blame Game Over ResuMess</a></li>
<li><a href="http://allthingsd.com/20120511/is-he-in-or-is-he-out-crunchtime-for-scott-thompson-at-yahoo/">Is He In or Is He Out? Crunchtime for Scott Thompson at Yahoo.</a></li>
<li><a href="http://allthingsd.com/20120510/not-so-scott-free-yahoos-other-big-shareholder-cap-re-leaning-toward-supporting-loeb-over-thompson-resumess/">Not So Scott Free? Yahoo’s Other Big Shareholder — Cap Re — Leaning Toward Supporting Loeb Over Thompson ResuMess.</a></li>
<li><a href="http://allthingsd.com/20120509/technations-gunn-says-she-and-yahoo-ceo-talked-about-their-cs-degrees-before-2009-show-video-and-audio/">Tech Nation’s Gunn Says She and Yahoo CEO Discussed Their CS Degrees Before 2009 Show (Video and Audio)</a></li>
<li><a href="http://allthingsd.com/20120509/loeb-again-calls-for-thompson-firing-from-yahoo-as-former-ebay-boss-support-him/">Loeb Calls Again for Thompson Firing From Yahoo, as Former eBay Boss Supports Him</a></li>
<li><a href="http://allthingsd.com/20120509/place-your-bets-will-loeb-drop-another-bomb-on-yahoo-at-vegas-confab-later-today/">Place Your Bets: Will Loeb Drop Another Bomb on Yahoo at Vegas Confab Later Today?</a></li>
<li><a href="http://allthingsd.com/20120508/exclusive-yahoo-director-in-charge-of-botched-ceo-vetting-to-step-down-from-board/">Exclusive: Yahoo Director in Charge of Botched CEO Vetting to Step Down From Board</a></li>
<li><a href="http://allthingsd.com/20120507/ceo-apologizes-to-yahoos-but-will-the-mea-culpa-work-without-an-explanation-for-the-borked-bio-memo/">CEO Says Sorry to Yahoos for Borked Bio “Distraction” — But Will Mea Culpa Work Without an Apology for Error? (Memo)</a></li>
<li><a href="http://allthingsd.com/20120507/buffett-comments-on-yahoo-ceo-biogate-calling-trust-issue-a-problem/">Buffett Comments on Trust Issue in Yahoo CEO BioGate: “You’ve Got a Problem”</a></li>
<li><a href="http://allthingsd.com/20120507/loeb-lobs-lawsuit-as-expected-at-yahoos-borked-bio-mess/">Loeb Lobs Lawsuit, as Expected, at Yahoo’s Borked Bio Mess</a></li>
<li><a href="http://allthingsd.com/20120506/as-yahoo-ceo-reaches-out-to-top-staff-board-meets-to-weigh-options-i-e-figuring-out-who-gets-to-take-the-borked-bio-blame/">As Yahoo CEO Reaches Out to Top Staff, Board Meets to Weigh “Options” (I.E., Deciding Who Gets to Take the Borked Bio Blame)</a></li>
<li><a href="http://allthingsd.com/20120506/yahoo-should-expect-incoming-lawsuit-lobbed-by-loeb-tomorrow-on-ceo-hiring/">Yahoo Should Expect Incoming Lawsuit Lobbed by Loeb Tomorrow on CEO Hiring</a></li>
<li><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/">They Shoot Yahoo CEOs, Don’t They? But Not Without a <em>Really</em> Smoking Gun and a Much Stronger Board.</a></li>
<li><a href="http://allthingsd.com/20120504/yahoos-thompson-speaks-asks-employees-to-stay-focused-except-not-on-him-memo/">Yahoo’s Thompson Asks Employees to “Stay Focused” — Except Not on <em>Him</em></a></li>
<li><a href="http://allthingsd.com/20120503/in-2009-interview-yahoo-ceo-does-not-deny-he-has-a-cs-degree-and-calls-himself-an-engineer/">In 2009 Interview, Yahoo CEO Does Not Deny He Has a CS Degree, and Calls Himself an “Engineer” (Audio)</a></li>
<li><a href="http://allthingsd.com/20120503/yahoos-board-will-review-resume-discrepancy-of-ceo/">Yahoo’s Board Will “Review” Resume Discrepancy of CEO</a></li>
<li><a href="http://allthingsd.com/20120503/how-did-phantom-cs-degree-get-on-ceos-bio-in-sec-filings-yahoos-not-saying/">How Did a Phantom CS Degree Get on CEO’s Bio in SEC Filings? Yahoo’s Not Saying.</a></li>
<li><a href="http://allthingsd.com/20120503/yahoos-response-on-computer-science-resumegate-inadvertent-error/">Yahoo’s Response on CEO’s Computer Science ResumeGate: “Inadvertent Error”</a></li>
<li><a href="http://allthingsd.com/20120503/dan-loeb-alleges-discrepancies-on-yahoo-ceo-scott-thompsons-resume-related-to-computer-science-degree/">Dan Loeb Alleges “Discrepancies” on Yahoo CEO Scott Thompson’s Resume Related to Computer Science Degree</a></li>
</ul>
</blockquote>
</p>
]]></content:encoded>
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		<title>They Shoot Yahoo CEOs, Don't They? But Not Without a Really Smoking Gun and a Much Stronger Board.</title>
		<link>http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/</link>
		<comments>http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/#comments</comments>
		<pubDate>Sat, 05 May 2012 16:33:02 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=203924</guid>
		<description><![CDATA[While many across the blogosphere -- including some very clever tweets -- called for the head of Scott Thompson tout de suite, that's just not going to happen. At least for now. And here's why.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/smokinggun/" rel="attachment wp-att-203937"><img src="http://allthingsd.com/files/2012/05/smokinggun-380x198.jpg" alt="" title="smokinggun" width="380" height="198" class="alignright size-medium wp-image-203937" /></a></p>
<p>Earlier today, Yahoo&#8217;s persistent thorn, activist shareholder Dan Loeb of Third Point poison-<a href="http://allthingsd.com/20120504/loeb-demands-yahoo-board-fire-ceo-by-monday-over-false-resume/">penned another letter to the board</a> of the Silicon Valley Internet company, demanding that Yahoo fire its new CEO Scott Thompson, as well as director Patti Hart, over bizarre inaccuracies related to their academic achievements.</p>
<p>&#8220;Permitting Mr. Thompson and Ms. Hart to stay with the Company after apparently violating the Code of Ethics sends a message to all Yahoo! employees that a different set of rules applies at the top,&#8221; Loeb wrote.&#8221;[Yahoo must] terminate Mr. Thompson for cause immediately given his demonstrable unsuitability to remain Chief Executive Officer and a director of Yahoo! and accept the resignation of Ms. Hart for similar reasons.&#8221;</p>
<p>And while many across the blogosphere &#8212; including some <a href="http://www.businessinsider.com/the-smartest-people-in-tech-are-ridiculing-scott-thompson-and-yahoo-2012-5?op=1 ">very clever tweets</a> &#8212; called for his head tout de suite, that&#8217;s just not going to happen.</p>
<p>At least for <em>now</em>, at this early point in a <a href="http://allthingsd.com/20120503/dan-loeb-alleges-discrepancies-on-yahoo-ceo-scott-thompsons-resume-related-to-computer-science-degree/">controversy over Yahoo filing legal documents that misrepresented Thompson&#8217;s long-ago degree</a> from Stonehill College.</p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/220px-rubiks_cube-1/" rel="attachment wp-att-204007"><img src="http://allthingsd.com/files/2012/05/220px-Rubiks_cube-1.png" alt="" title="220px-Rubik&#039;s_cube-1" width="220" height="229" class="alignleft size-full wp-image-204007" /></a> </p>
<p>In a nutshell: Thompson does not have a computer science degree, as he had maintained he did in public bios for almost a decade, a falsehood that mysteriously seeped into documents Yahoo filed with the Securities and Exchange Commission.</p>
<p>That&#8217;s bad news for Yahoo, for sure, on many levels, but moving against Thompson at this moment is not likely to be the answer &#8212; for the short term, at least.</p>
<p>That&#8217;s due to many reasons, that I like to think of it as three hopelessly complex puzzles that need solving pronto.</p>
<p><strong>The What-Did-Yahoo-Know-and-When-Did-It-Know-It Question</strong></p>
<p>There is no question the first thing Yahoo&#8217;s board needs to do is a <a href="http://allthingsd.com/20120503/yahoos-board-will-review-resume-discrepancy-of-ceo/">thorough investigation</a> to determine how a borked bio could proliferate so widely and for so long.</p>
<p>Most importantly, Yahoo will have to reveal if Thompson actually gave them this incorrect information, as he aggressively lobbied for the then-open CEO job. </p>
<p>As I had previously reported several times, Thompson cold-emailed a Yahoo director &#8212; Intuit CEO Brad Smith, as it turns out &#8212; despite not being on the list of potential candidates. Thompson was then shuttled over to Hart, who was running the vetting process with the help of headhunting firm Heidrick &#038; Struggles, and hired within weeks.</p>
<p>Oddly, sources said Thompson never filled out the required informational papers for the job, nor did Heidrick conduct the normal background check on him. Instead, another forensic firm Yahoo hired did the work.</p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/stage_curtains/" rel="attachment wp-att-204012"><img src="http://allthingsd.com/files/2012/05/stage_curtains.jpeg" alt="" title="stage_curtains" width="407" height="296" class="alignright size-full wp-image-204012" /></a></p>
<p>If it turns out Thompson gave any of them the bad bio info, it would be quick curtains for him. </p>
<p>But if Yahoo&#8217;s board members obtained his info on their own, the next key query would be how no one at Yahoo &#8212; especially its legal and compliance staffers, as well as outside help &#8212; managed to catch the problem during the vetting of Thompson.</p>
<p>Here are some good questions to start with: </p>
<p>Who put a faux computer science degree on Thompson&#8217;s bio in the first place, why and when did it happen? </p>
<p>Where did Yahoo get the inaccurate information? </p>
<p>Who was in charge of checking Thompson&#8217;s academic record for Yahoo? </p>
<p>And, who checked the work of the checkers? </p>
<p>The problem is made more complicated, because correct information was easily available in the SEC filings of eBay for years, since Thompson was head of its PayPal payments unit.</p>
<p>While the resume information was indeed wrong on eBay&#8217;s Web site and on numerous bios of Thompson for years, how did eBay legally get it right while Yahoo did not?</p>
<p>That calls into question the expertise of the company, its directors and those they hired to make sure execs were completely on the up and up, a task they clearly failed at.</p>
<p>If rank incompetence is the reason, which it looks like it might be, expect certain board members and other Yahoo staffers to go, along with anyone who helped in the Thompson vetting, or lack thereof.</p>
<p>Unless, of course, the gang-that-couldn&#8217;t-shoot-straight actually did shoot straight and some one at Yahoo found out about the educational discrepancy before the new CEO was announced, but declined to fix it.</p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/the-hunger-games-430x323/" rel="attachment wp-att-204019"><img src="http://allthingsd.com/files/2012/05/The-Hunger-Games-430x323.jpeg" alt="" title="The-Hunger-Games-430x323" width="430" height="323" class="alignleft size-full wp-image-204019" /></a></p>
<p>While sinister, such a scenario is not entirely implausible, given how much pressure Yahoo was under at the time to hire a CEO quickly, due to Loeb and his looming proxy fight.</p>
<p>If any evidence were to surface that this was so, it is curtains all around, which would rain the kind of disaster down on Yahoo&#8217;s Sunnyvale HQ that would make Loeb&#8217;s attacks look like a Nerf battle. Instead, it would be &#8220;The Hunger Games&#8221; &#8212; except that no one survives.</p>
<p><strong>The Chaos-in-Sunnyvale Conundrum</strong></p>
<p>Which brings us to the profound implications of Yahoo jacking its second CEO within six months.</p>
<p>While it&#8217;s easy to yell &#8220;Fire the CEO&#8221; on a crowded Twitter, it&#8217;s simply not so easy in practice.</p>
<p>How long did it take Yahoo&#8217;s lugubrious board to figure out Carol Bartz needed to go? A &#8230; long &#8230; time. (And, she <em>had</em> a CS degree!)</p>
<p>More to the point, Thompson &#8212; and his not-so-merry band of consultants from Boston Consulting Group and, this week, McKinsey &#038; Company &#8212; has only just completed a massive <a href="http://allthingsd.com/20120404/its-official-yahoo-lays-off-2000-employees/">layoff of 2,000 employees</a> and a jarring <a href="http://allthingsd.com/20120410/its-official-yahoo-reorgs-itself-just-like-we-said-memo-time/">restructuring</a> of management.</p>
<p>He&#8217;s also in the early stages of rolling out a new and decidedly still-squishy strategic plan to  top execs (also just this week), along with working on some other key initiatives.</p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/mr-busy-web/" rel="attachment wp-att-204024"><img src="http://allthingsd.com/files/2012/05/mr-busy-web.jpeg" alt="" title="mr-busy-web" width="330" height="301" class="alignright size-full wp-image-204024" /></a></p>
<p>That includes renegotiating its search partnership with Microsoft; noodling around on a possible deal with Google; contemplating the sale of a variety of assets; and &#8212; <em>oh, yes</em> &#8212; trying to take on social networking Godzilla Facebook over patent infringement.</p>
<p>Busy much?</p>
<p>But, most importantly, Thompson is now the umpteenth Yahoo CEO to be working on the never-ending talks with its Asian partners over selling back a piece of the company&#8217;s lucrative stake to them. </p>
<p>While Yahoo CFO Tim Morse and head lawyer Mike Callahan are the point men on the deal, the lack of CEO would be an issue in the now-proceeding again talks. </p>
<p>This is a sale that must &#8212; and I underscore <em>must</em> &#8212; get done and soon, giving Yahoo much-needed breathing room and a whole lot of cash to fork over to increasingly disgruntled shareholders.</p>
<p>So, expect Yahoo to try to milk that deal for all it&#8217;s worth in the coming week, in order to give the appearance, at least, of positive forward momentum.</p>
<p>And, like it or not, Thompson has to play a key role in it getting done. </p>
<p>Thus, the likelihood of wait-and-see over point-and-shoot on Thompson is higher than you might think.</p>
<p>That&#8217;s especially true given four members of the board are leaving within six weeks and have either or are in the process of being replaced by new members. </p>
<p>Then, Thompson will be their problem to solve.</p>
<p>Again, no small thing, since the old crew &#8212; led by feckless Chairman Roy Bostock &#8212; is not likely to want to end its appalling tenure with yet another disaster. </p>
<p>Such a move would further tarnish the legacy of its outgoing directors, although I am not sure how it could be any more sullied, given their consistent record of one bad decision after the next. </p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/100percent/" rel="attachment wp-att-204029"><img src="http://allthingsd.com/files/2012/05/100percent.jpeg" alt="" title="100percent" width="240" height="241" class="alignleft size-full wp-image-204029" /></a></p>
<p>What do I <em>really</em> think? I think this cursed board will maintain its 100 percent score of doing the wrong thing at the right time. </p>
<p>It could be a different case with the new directors, of course, who all seem pretty sharp and not as easily impressed by a record of failure. </p>
<p>They will surely be monitoring Thompson carefully, as will employees, who have taken to internal message boards with a rage not seen in a while over the resume debacle. </p>
<p>Their morale might be one uncertainty impacting Thompson&#8217;s fate. If a lot of key employees continue to bolt Yahoo or those remaining more loudly express their disdain for the bio antics, the new directors might listen.</p>
<p><strong>The Whatever-Loeb-Says-We-Won&#8217;t-Do-Till-Later Head-Scratcher</strong></p>
<p>Which brings us back to Loeb, whose noisy campaign to grab seats on the Yahoo board has certainly hit home this week. </p>
<p>And, though Yahoo likes to ding him a lot, since he started his campaign of terribly entertaining investor terror, a lot of what he&#8217;s been calling for has happened. </p>
<p>That includes a major flushing of the board &#8212; with five longtime members, including co-founder Jerry Yang, going, going and gone.</p>
<p>In addition, Loeb brought pressure to slow down some questionable deals, from Yahoo&#8217;s PIPE dream to a tax-free spinoff in Asia in a deal only an accountant could love. </p>
<p>He&#8217;s also &#8212; though they try to deny it &#8212; got the Yahoo directors in the dangerous habit of reacting to him, rather than playing their own game. </p>
<p>While the Yahoo board has resisted any deal with Loeb (pictured here), blaming him for rejecting their kind offers of settlement, it is he who is setting the tone more than Yahoo.</p>
<p>And that tone is of alarm and trouble and chaos at Yahoo. </p>
<p><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/battleship/" rel="attachment wp-att-204045"><img src="http://allthingsd.com/files/2012/05/battleship-380x285.jpg" alt="" title="battleship" width="380" height="285" class="alignright size-medium wp-image-204045" /></a></p>
<p>That&#8217;s not going to work to convince other Yahoo investors to back his cause &#8212; in fact, Loeb has a decidedly uphill battle to win his proxy challenge &#8212; he has still scored a direct win with the bio relevations.</p>
<p>So far, though, Loeb has not sunk Yahoo&#8217;s battleship, so it is unlikely the board will acquiesce to <a href="http://allthingsd.com/20120504/loeb-demands-yahoo-board-fire-ceo-by-monday-over-false-resume/">his latest demand of Thompson being fired by noon</a> on Monday. </p>
<p>Maybe it will eventually, or maybe it will just scold Thompson or maybe it will do nothing at all. </p>
<p>All that is an unknown &#8212; a riddle, wrapped in a mystery, inside an enigma, with a lot of managerial incompetence thrown in. And that, most of all, is the sad definition of today&#8217;s Yahoo.</p>
<p><blockquote class="memo" style="background:#faf5e5;font-style:normal;">
<h4 class="subhed">RELATED POSTS:</h4>
<ul>
<li><a href="http://allthingsd.com/20120514/yahoos-parting-with-thompson-will-be-for-cause/">Yahoo’s Parting With Thompson Will Be for “Cause” (a.k.a. CSLie)</a></li>
<li><a href="http://allthingsd.com/20120513/ross-levinsohns-yahoo-plan-back-to-the-future/">Ross Levinsohn’s Yahoo Plan: Back to the Future</a></li>
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<li><a href="http://allthingsd.com/20120513/will-thompsons-ouster-mean-a-yahoofacebook-patent-settlement/">Will Thompson’s Ouster Mean a Yahoo-Facebook Patent Settlement Too?</a></li>
<li><a href="http://allthingsd.com/20120513/exclusive-yahoos-thompson-out-levinsohn-in-board-settlement-with-loeb-nears-completion/">Exclusive: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion</a></li>
<li><a href="http://allthingsd.com/20120511/heidrick-struggles-slaps-back-at-thompsons-yahoo-in-blame-game/">Heidrick &#038; Struggles Slaps Back at Thompson’s Yahoo in Blame Game Over ResuMess</a></li>
<li><a href="http://allthingsd.com/20120511/is-he-in-or-is-he-out-crunchtime-for-scott-thompson-at-yahoo/">Is He In or Is He Out? Crunchtime for Scott Thompson at Yahoo.</a></li>
<li><a href="http://allthingsd.com/20120510/not-so-scott-free-yahoos-other-big-shareholder-cap-re-leaning-toward-supporting-loeb-over-thompson-resumess/">Not So Scott Free? Yahoo’s Other Big Shareholder — Cap Re — Leaning Toward Supporting Loeb Over Thompson ResuMess.</a></li>
<li><a href="http://allthingsd.com/20120509/technations-gunn-says-she-and-yahoo-ceo-talked-about-their-cs-degrees-before-2009-show-video-and-audio/">Tech Nation’s Gunn Says She and Yahoo CEO Discussed Their CS Degrees Before 2009 Show (Video and Audio)</a></li>
<li><a href="http://allthingsd.com/20120509/loeb-again-calls-for-thompson-firing-from-yahoo-as-former-ebay-boss-support-him/">Loeb Calls Again for Thompson Firing From Yahoo, as Former eBay Boss Supports Him</a></li>
<li><a href="http://allthingsd.com/20120509/place-your-bets-will-loeb-drop-another-bomb-on-yahoo-at-vegas-confab-later-today/">Place Your Bets: Will Loeb Drop Another Bomb on Yahoo at Vegas Confab Later Today?</a></li>
<li><a href="http://allthingsd.com/20120508/exclusive-yahoo-director-in-charge-of-botched-ceo-vetting-to-step-down-from-board/">Exclusive: Yahoo Director in Charge of Botched CEO Vetting to Step Down From Board</a></li>
<li><a href="http://allthingsd.com/20120507/ceo-apologizes-to-yahoos-but-will-the-mea-culpa-work-without-an-explanation-for-the-borked-bio-memo/">CEO Says Sorry to Yahoos for Borked Bio “Distraction” — But Will Mea Culpa Work Without an Apology for Error? (Memo)</a></li>
<li><a href="http://allthingsd.com/20120507/buffett-comments-on-yahoo-ceo-biogate-calling-trust-issue-a-problem/">Buffett Comments on Trust Issue in Yahoo CEO BioGate: “You’ve Got a Problem”</a></li>
<li><a href="http://allthingsd.com/20120507/loeb-lobs-lawsuit-as-expected-at-yahoos-borked-bio-mess/">Loeb Lobs Lawsuit, as Expected, at Yahoo’s Borked Bio Mess</a></li>
<li><a href="http://allthingsd.com/20120506/as-yahoo-ceo-reaches-out-to-top-staff-board-meets-to-weigh-options-i-e-figuring-out-who-gets-to-take-the-borked-bio-blame/">As Yahoo CEO Reaches Out to Top Staff, Board Meets to Weigh “Options” (I.E., Deciding Who Gets to Take the Borked Bio Blame)</a></li>
<li><a href="http://allthingsd.com/20120506/yahoo-should-expect-incoming-lawsuit-lobbed-by-loeb-tomorrow-on-ceo-hiring/">Yahoo Should Expect Incoming Lawsuit Lobbed by Loeb Tomorrow on CEO Hiring</a></li>
<li><a href="http://allthingsd.com/20120505/they-shoot-yahoo-ceos-dont-they-but-not-without-a-really-smoking-gun-and-a-much-stronger-board/">They Shoot Yahoo CEOs, Don’t They? But Not Without a <em>Really</em> Smoking Gun and a Much Stronger Board.</a></li>
<li><a href="http://allthingsd.com/20120504/yahoos-thompson-speaks-asks-employees-to-stay-focused-except-not-on-him-memo/">Yahoo’s Thompson Asks Employees to “Stay Focused” — Except Not on <em>Him</em></a></li>
<li><a href="http://allthingsd.com/20120503/in-2009-interview-yahoo-ceo-does-not-deny-he-has-a-cs-degree-and-calls-himself-an-engineer/">In 2009 Interview, Yahoo CEO Does Not Deny He Has a CS Degree, and Calls Himself an “Engineer” (Audio)</a></li>
<li><a href="http://allthingsd.com/20120503/yahoos-board-will-review-resume-discrepancy-of-ceo/">Yahoo’s Board Will “Review” Resume Discrepancy of CEO</a></li>
<li><a href="http://allthingsd.com/20120503/how-did-phantom-cs-degree-get-on-ceos-bio-in-sec-filings-yahoos-not-saying/">How Did a Phantom CS Degree Get on CEO’s Bio in SEC Filings? Yahoo’s Not Saying.</a></li>
<li><a href="http://allthingsd.com/20120503/yahoos-response-on-computer-science-resumegate-inadvertent-error/">Yahoo’s Response on CEO’s Computer Science ResumeGate: “Inadvertent Error”</a></li>
<li><a href="http://allthingsd.com/20120503/dan-loeb-alleges-discrepancies-on-yahoo-ceo-scott-thompsons-resume-related-to-computer-science-degree/">Dan Loeb Alleges “Discrepancies” on Yahoo CEO Scott Thompson’s Resume Related to Computer Science Degree</a></li>
</ul>
</blockquote>
</p>
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		<title>Code Advisors Takes a $25 Million Investment From J.P. Morgan</title>
		<link>http://allthingsd.com/20120502/exclusive-code-advisors-takes-a-25-million-investment-from-j-p-morgan/</link>
		<comments>http://allthingsd.com/20120502/exclusive-code-advisors-takes-a-25-million-investment-from-j-p-morgan/#comments</comments>
		<pubDate>Thu, 03 May 2012 04:01:42 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=202845</guid>
		<description><![CDATA[Big and little investment banks join hands to take on Silicon Valley better.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120502/exclusive-code-advisors-takes-a-25-million-investment-from-j-p-morgan/code/" rel="attachment wp-att-202902"><img src="http://allthingsd.com/files/2012/05/CODE-380x152.jpg" alt="" title="CODE" width="380" height="152" class="alignright size-medium wp-image-202902" /></a></p>
<p>Code Advisors is getting a $25 million investment from financial services giant JPMorgan Chase for a minority stake in the Silicon Valley-based boutique investment bank and advisory firm.</p>
<p>The influx of cash will allow Code to grow quicker, said Quincy Smith, one of the firm&#8217;s founders, which also include Michael Marquez and Fred Davis.</p>
<p>The non-exclusive deal, the two firms said, is the natural extension of a longer-term relationship that has been developing for a while.</p>
<p>&#8220;To the extent that the money means we are getting even closer together, that&#8217;s great,&#8221; said Smith in an interview earlier today. &#8220;This solidifies a partnership that has existed for some time.&#8221;</p>
<p>Plus, it presumably also gives each what the other cannot offer clients. Usually a big bank might try to kill or buy a firm like Code, so this move is unique.</p>
<p>&#8220;We are growing our business and getting access to next-generation entrepreneurs that Code knows well,&#8221; added Kurt Simon, co-head of Technology, Media and Telecom Banking at J.P. Morgan. &#8220;And it&#8217;s a sign of continued investment in our important West Coast businesses.&#8221;</p>
<p><a href="http://allthingsd.com/20120502/exclusive-code-advisors-takes-a-25-million-investment-from-j-p-morgan/print-2/" rel="attachment wp-att-202912"><img src="http://allthingsd.com/files/2012/05/Logo2008_JPM_A_Black.jpg" alt="" title="Print" width="330" height="84" class="alignleft size-full wp-image-202912" /></a></p>
<p>Indeed, J.P. Morgan has been competing with Goldman Sachs and Morgan Stanley for a higher profile in Silicon Valley. It recently was selected with the pair as one of the lead bankers in the upcoming Facebook IPO. It has also worked recently with LinkedIn, Skype and Pandora.</p>
<p>Code has taken on smaller deals with a range of hot start-ups and entrepreneurs, which was one of the attractions for J.P. Morgan. That includes representing Spotify and LivingSocial, and making investments in Path and Flipboard.</p>
<p>&#8220;For J.P. Morgan, it&#8217;s like making an limited partner investment in another venture firm,&#8221; said Smith. &#8220;And for us, we can offer a lot more services to our clients as they grow.&#8221;</p>
<p>As part of the deal, Jes Staley, CEO of J.P. Morgan&#8217;s investment bank and a member of the firm&#8217;s operating committee, will become a non-voting observer on Code&#8217;s board.</p>
<p>Here&#8217;s the full press release on the deal:</p>
<blockquote class="memo"><p><strong>CODE ADVISORS ANNOUNCES A $25 MILLION INVESTMENT FROM JPMORGAN CHASE</p>
<p>San Francisco May 3, 2012 &#8212; </strong> Code Advisors announced today that JPMorgan Chase (NYSE: JPM) has agreed to make a $25 million minority investment. Jes Staley, CEO of J.P. Morgan&#8217;s Investment Bank and a member of the firm&#8217;s Operating Committee, will also act as a non-voting observer at Code&#8217;s Advisory and Investor Board meetings.</p>
<p>&#8220;We are thrilled that JPMorgan Chase has decided to invest in Code Advisors,&#8221; said co-founder Quincy Smith. &#8220;This transaction demonstrates how together we might energetically adjust to serve the new needs of entrepreneurs and companies. The chance to work more closely with Jes and his team gives us awesome global and experienced perspective.&#8221;</p>
<p>J.P. Morgan&#8217;s investment and relationship will allow Code to accelerate its growth opportunities and allow each team to offer complementary services to their respective and shared clients.</p>
<p>&#8220;Identifying and supporting great ideas early in their development is particularly important in the technology space,&#8221; said Staley. &#8220;Code continues to uniquely identify next generation companies, and together we are excited to help those entrepreneurs grow and expand their businesses.&#8221;</p></blockquote>
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		<title>Silver Lake Grabs Large Minority Stake of WME to Push Digital Initiatives</title>
		<link>http://allthingsd.com/20120502/silver-lake-grabs-large-minority-stake-of-wme-to-push-digital-initiatives/</link>
		<comments>http://allthingsd.com/20120502/silver-lake-grabs-large-minority-stake-of-wme-to-push-digital-initiatives/#comments</comments>
		<pubDate>Wed, 02 May 2012 17:59:41 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=202614</guid>
		<description><![CDATA[Hollywood meets Silicon Valley. Again.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120502/silver-lake-grabs-large-minority-stake-of-wme-to-push-digital-initiatives/wme_logojpg/" rel="attachment wp-att-202647"><img src="http://allthingsd.com/files/2012/05/WME_Logojpg-640x203.png" alt="" title="WME_Logojpg" width="640" height="203" class="aligncenter size-large wp-image-202647" /></a></p>
<p>Large private equity firm Silver Lake is buying a large stake in powerful Hollywood talent agency William Morris Endeavor Entertainment, which is being described as a way to turbocharge its digital efforts.</p>
<p>While the pair would not disclose any financial details of the deal, which they are calling a &#8220;strategic partnership,&#8221; sources said Silver Lake is acquiring 31 percent of WME.</p>
<p>&#8220;Over the years, we have been brick-building, as we have been doing more and more digitally,&#8221; said Patrick Whitesell, co-CEO of WME with Ari Emanuel, in an interview today. &#8220;But the opportunities are so vast, there is a need for more capital to do more.&#8221;</p>
<p>Whitesell and Emanuel said they had been considering a range of investors, especially among media entities, but that they wanted to work with Silver Lake since it had more digital experience as an active investor in technology.</p>
<p>Skype, for example, was the driver of the sale of Internet telephony giant Skype to Microsoft for $8.5 billion, while WME reps stars such as Matt Damon and Hugh Jackman, among others. </p>
<p>&#8220;In addition to capital, we really wanted a partner that to help us build it out that had more technology expertise,&#8221; said Emanuel. &#8220;We are good with brands and creative and talent, but there are many more Silicon Valley opportunities.&#8221;</p>
<p>In fact, WME has long tried to up its digital portfolio to respond to the needs of its clients and the changing nature of entertainment distribution as consumer Internet use has exploded. That&#8217;s included a digital advertising effort, as well as one in online gaming.</p>
<p>Silver Lake, which has most recently looked at investing in Yahoo, it was a chance to get closer to a trove of premium entertainment content.</p>
<p>&#8220;You have two forces at play, ubiquitous distribution and four billion people connected,&#8221; said Silver Lake&#8217;s Egon Durban. &#8220;As that distribution has been commoditized, the only way to differentiate is through A-plus content.&#8221;</p>
<p>Along with the core investment, WME and Silver Lake said they will also be considering other possible deals together as they move forward. </p>
<p>&#8220;There is nothing we like more than handing our best partners more money,&#8221; said Durban, who will join WME executive committee and also help create a technology advisory counsel at the firm.</p>
<p>Calling Marc Andreessen! Actually, in an interesting factoid, it was the well-known tech investor and entrepreneur who introduced Durban to Emanuel.</p>
<p>But this movie has been shown before and is not the first Hollywood-tech hookup to happen. A variety of efforts have waxed and waned over the years &#8212; most of which have largely been underwhelming.</p>
<p>Last year, for example, Accel Partners invested $40 million in Legendary Pictures and, back in 2008, Accel, the then William Morris Agency and AT&#038;T formed an investment consortium to focus on Southern California start-ups. </p>
<p>Most closely related was the 2010 deal, in which TPG Capital took a 35 percent stake in Creative Artists Agency.</p>
<p>Here is the official press release on the Silver Lake-WME deal:</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/119958555/WME-Press-Release_5-02-12_FINAL">WME Press Release_5 02 12_FINAL</a></font><br/><object id="_ds_119958555" name="_ds_119958555" width="640" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=119958555&#038;mem_id=1512683&#038;doc_type=pdf&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="119958555";var docstoc_title="WME Press Release_5 02 12_FINAL";var docstoc_urltitle="WME Press Release_5 02 12_FINAL";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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		<title>Yahoo Beats Q1 Expectations (as Expected) -- Now, Will New CEO Outline More Strategery on Investor Call?</title>
		<link>http://allthingsd.com/20120417/yahoo-beats-expectations-as-expected-now-will-new-ceo-outline-strategery-in-investor-call/</link>
		<comments>http://allthingsd.com/20120417/yahoo-beats-expectations-as-expected-now-will-new-ceo-outline-strategery-in-investor-call/#comments</comments>
		<pubDate>Tue, 17 Apr 2012 20:15:24 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=197379</guid>
		<description><![CDATA[An upside non-surprise as we await pearls of wisdom from new CEO Scott Thompson.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120417/yahoo-beats-expectations-as-expected-now-will-new-ceo-outline-strategery-in-investor-call/expectations/" rel="attachment wp-att-197396"><img src="http://allthingsd.com/files/2012/04/expectations.jpeg" alt="" title="expectations" width="249" height="241" class="alignright size-full wp-image-197396" /></a></p>
<p>Yahoo beat Wall Street estimates in its first-quarter earnings report today, with revenue of $1.08 billion and earnings of 23 cents. That&#8217;s a gain of 28 percent from a year ago in net earnings and 38 percent per diluted share. </p>
<p>Analysts had been expecting Yahoo to report revenue of $1.06 billion and earnings of 17 cents a share. But, as <a href="http://allthingsd.com/20120417/despite-all-the-sturm-und-drang-yahoo-will-likely-beat-this-quarter-its-the-next-step-thats-a-doozie/">I reported earlier today</a>, sources had indicated that the results would be on the upside.</p>
<p>Still, revenue was only up year over year by 1 percent &#8212; not exactly a great achievement, given exploding growth across the Internet industry. The real drag was the Europe, Middle East and Africa regions, whose revenue was down 9 percent &#8212; which Yahoo attributed to the weak economy there &#8212; with its &#8220;contribution&#8221; down 27 percent. That region has been run by Rich Riley, who is now Yahoo&#8217;s sales lead in the U.S.</p>
<p>One interesting note: While display revenue was down, search revenue was up. And unique visitors to Yahoo were up 7 percent, which was lower growth than in previous quarters. The reason was declines in search and communications, with media up strongly.</p>
<p>Now, investors are hoping to get more clarity from new CEO Scott Thompson in a call at 2 pm PT about the overall strategy for the troubled Silicon Valley Internet giant, which just restructured its management again and also had layoffs of 2,000 employees.</p>
<p>Thompson has yet to articulate a specific plan beyond the broad strokes of media, commerce and data/platforms as Yahoo&#8217;s aim. </p>
<p>But there is a lot more to deal with and in detail, including figuring out its troubled advertising search partnership with Microsoft, the talks around selling off parts of the company&#8217;s lucrative Asian assets, Yahoo&#8217;s patent lawsuit against Facebook, how Yahoo is going to deal with activist shareholder Third Point&#8217;s possible proxy challenge and whether more layoffs beyond recent firings will be needed.</p>
<p>&#8220;In the first quarter, Yahoo!&#8217;s results came in at the high end of our guidance range and beat consensus on revenue and profits,&#8221; Thompson said in a statement. &#8220;We also made changes to resize the organization and establish a new leadership structure to quickly deliver the best user and advertiser experiences at scale.&#8221; </p>
<p>Until Thompson gives more deets on the earnings call, <a href="http://allthingsd.com/20120417/liveblogging-yahoos-q1-earnings-im-so-excited-and-i-just-cant-hide-it/">which I will be liveblogging</a>, here&#8217;s Yahoo&#8217;s official press release and cool charts on the subject:</p>
<p><a title="View YHOO News 2012-4-17 General on Scribd" href="http://www.scribd.com/doc/89863434/YHOO-News-2012-4-17-General" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">YHOO News 2012-4-17 General</a><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/89863434/content?start_page=1&#038;view_mode=list&#038;access_key=key-11wq6ihwzrhyvyq3d3qu" data-auto-height="false" data-aspect-ratio="0.772727272727273" scrolling="no" id="doc_60066" width="640" height="853" frameborder="0"></iframe></p>
<p><a title="View YHOO_Q112EarningsPresentation on Scribd" href="http://www.scribd.com/doc/89863975/YHOO-Q112EarningsPresentation" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">YHOO_Q112EarningsPresentation</a><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/89863975/content?start_page=1&#038;view_mode=list&#038;access_key=key-2hysguqo5rvbjwx2jnbn" data-auto-height="false" data-aspect-ratio="1.29411764705882" scrolling="no" id="doc_24161" width="640" height="853" frameborder="0"></iframe></p>
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		<title>To Stanch Layoffs, Yahoo Has Been Shopping Its Ad Technology Platforms to Google, Microsoft and Others</title>
		<link>http://allthingsd.com/20120314/to-stanch-layoffs-yahoo-has-been-shopping-its-ad-technology-platforms-to-google-microsoft-and-others/</link>
		<comments>http://allthingsd.com/20120314/to-stanch-layoffs-yahoo-has-been-shopping-its-ad-technology-platforms-to-google-microsoft-and-others/#comments</comments>
		<pubDate>Wed, 14 Mar 2012 15:04:23 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=186081</guid>
		<description><![CDATA[There's always yet another wacky money-making scheme on the horizon at Yahoo!]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120314/to-stanch-layoffs-yahoo-has-been-shopping-its-ad-technology-platforms-to-google-microsoft-and-others/yahoorightmedia/" rel="attachment wp-att-186087"><img src="http://allthingsd.com/files/2012/03/yahoorightmedia.png" alt="" title="yahoorightmedia" width="255" height="132" class="alignright size-full wp-image-186087" /></a></p>
<p>In an effort to minimize the impact of <a href="http://allthingsd.com/20120305/yahoos-new-ceo-preps-major-restructuring-including-significant-layoffs/">massive layoffs</a> that Yahoo&#8217;s top management has been planning, according to sources close to the situation, one of the latest ideas to save costs and presumably jobs by new CEO Scott Thompson is to sell off much of its advertising technology platform, including Right Media.</p>
<p>And among the possible buyers Thompson has been targeting in recent visits: Google and Microsoft, as well as Silver Lake, the private equity firm that had once been talking to the Silicon Valley Internet giant about making a large investment in the company.</p>
<p>(That <a href="http://allthingsd.com/20120126/yahoo-ceo-meets-with-pe-firms-pipe-might-be-dead-but-what-else-is-there/">particular deal</a> has gone south, but there is always yet another scheme on the horizon at Yahoo!)</p>
<p>The concept behind such a sale, according to several sources inside and outside the company, is to turn a cost center into a revenue source, with Yahoo essentially outsourcing a business that was a cornerstone of its strategy. A negotiable number of employees affiliated with those units would then move over to the new owner.</p>
<p>The most ideal plan, said sources, would be to sell Yahoo&#8217;s whole advertising technology &#8220;stack,&#8221; including the Right Media Exchange, a marketplace for advertisers, publishers and ad networks to trade online ads. Yahoo bought it for $700 million in 2007. </p>
<p>According to info on the company&#8217;s site, it has &#8220;300,000 active global buyers and sellers and more than 11 billion daily transactions.&#8221;</p>
<p><a href="http://allthingsd.com/20120314/to-stanch-layoffs-yahoo-has-been-shopping-its-ad-technology-platforms-to-google-microsoft-and-others/yahoo-apt-logo1/" rel="attachment wp-att-186088"><img src="http://allthingsd.com/files/2012/03/yahoo-apt-logo1.jpg" alt="" title="yahoo-apt-logo1" width="300" height="151" class="alignleft size-full wp-image-186088" /></a></p>
<p>Also part of the possible package is APT, a system Yahoo has built to make buying and selling online advertising easier. In addition, Yahoo&#8217;s technologies for display-ad serving have been mentioned as a possibility for sale.</p>
<p>It&#8217;s unclear what the potential sale means for the new ad strategy that U.S. boss Ross Levinsohn and his lieutenant Jim Heckman have been pursuing since last summer. That plan included its own <a href="http://allthingsd.com/20111101/yahoo-buys-ad-network-interclick-for-270-million/">acquisition of ad network Interclick</a> and an attempt to sync up with rivals AOL and Microsoft in an effort to fend off Google and some third-party players, like ad networks.</p>
<p>But the reason for contemplating much a major move &#8212; which has been considered before, but never has been seriously offered &#8212; are obvious: While Yahoo once dominated this arena, it has steadily lost ground, especially to Google. The search giant has made almost all of its money in search-related ads, but has been moving aggressively via its DoubleClick and other ad-serving entities into higher-level ads.</p>
<p>Microsoft has also been trying to compete, as has AOL, but it&#8217;s getting to be an expensive race, and one where Yahoo would have to make major investments to once again gain momentum. Building up this business again had been the aim of co-founder Jerry Yang, who wanted to go big in the arena in a number of ways before he left the company earlier this year.</p>
<p>But those days seem to be over at Yahoo.</p>
<p>&#8220;A lot of what has happened so far under Scott [Thompson] has been trying to find more revenue anywhere it can be generated, and get out of businesses that are not growing,&#8221; said one person. &#8220;Right now, it&#8217;s a lot about what we shouldn&#8217;t do rather than what we should.&#8221;</p>
<p>That has meant visits to see both Google and Microsoft about possible deals by Thompson, with the involvement of CFO Tim Morse and Chief Product Officer Blake Irving. </p>
<p><a href="http://allthingsd.com/20120305/yahoos-new-ceo-preps-major-restructuring-including-significant-layoffs/scott_thompson_446x625-thmb/" rel="attachment wp-att-180521"><img src="http://allthingsd.com/files/2012/03/Scott_Thompson_446x625-thmb.png" alt="" title="Scott_Thompson_446x625-thmb" width="175" height="175" class="alignright size-full wp-image-180521" /></a></p>
<p>Thompson (pictured here) has also recently been talking to Silver Lake about the ad-platform sale, in a deal that might include the Andreessen Horowitz venture fund. This would be a different kind of transaction, said sources, in which a separate company would be formed, with Yahoo owning a piece and contracting with the new entity to provide ad technology.</p>
<p>All this activity is related to the layoffs in the works of perhaps thousands of employees, which were to have been communicated to the company this week. </p>
<p>Sources said those have been delayed for some weeks for several reasons, including whether to consider more deeply if certain larger business units can be spun off, sold or somehow transformed. (To be clear: Major layoffs are still being planned, but now might take place in two parts, said sources, in what is a quickly changing and volatile atmosphere at Yahoo.)</p>
<p>Another area being looked at, said sources, is Yahoo&#8217;s search advertising partnership with Microsoft, which has not been as successful as had been expected. While Yahoo has been working with the software giant about improving the results, Thompson has apparently been contemplating other possibilities, including working with Google (calling all regulators!) and/or laying off up to 900 employees who work on the company&#8217;s search offering.</p>
<p>Any of these moves could, of course, cause a firestorm of controversy, which Thompson appears to not worry much about. He was the driving force in Yahoo&#8217;s <a href="http://allthingsd.com/20120312/breaking-yahoo-sues-facebook-for-patent-infringement/">patent lawsuit against Facebook</a> earlier this week, which is largely attracting a negative reaction across the tech landscape. </p>
<p>A number of prominent voices have spoken out against the legal action, including well-known VC Fred Wilson, who yesterday penned a poisonous blog post, titled &#8220;<a href="http://www.avc.com/a_vc/2012/03/yahoo-crosses-the-line.html">Yahoo Crosses the Line</a>.&#8221; </p>
<p>It ends thusly: &#8220;I am not writing this in defense of Facebook. They can and will defend themselves. I am writing this in outrage at Yahoo! I used to care about that company for some reason. No more. They are dead to me. Dead and gone. I hate them now.&#8221;</p>
<p><em>Ouch!</em></p>
<p>Also weighing in publicly <a href="https://twitter.com/#!/erichippeau/status/179563929134051328">via Twitter</a> was former Yahoo director Eric Hippeau, who was one of the company&#8217;s first investors, which is embedded below:</p>
<blockquote class="twitter-tweet tw-align-center"><p>Pathetic and heartbreaking last stand for Yahoo <a href="http://t.co/kzY9wkjR" title="http://bit.ly/yirCcj">bit.ly/yirCcj</a> It&#8217;s all over. I loved you very much.</p>
<p>&mdash; Eric Hippeau (@erichippeau) <a href="https://twitter.com/erichippeau/status/179563929134051328" data-datetime="2012-03-13T13:45:51+00:00">March 13, 2012</a></p></blockquote>
<p><script src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><em>Double ouch!</em></p>
<p>All I can say is that Thompson certainly has a lot of gumption. That has actually been his M.O. from the start, said several sources, with the former president of eBay&#8217;s PayPal payments unit and dark horse cold-emailing his way into the Yahoo CEO job. </p>
<p>True story: He had not been among its list of possible candidates &#8212; largely because he had been placed in his job at eBay many moons ago by Heidrick &#038; Struggles, which was conducting the Yahoo CEO search, and that&#8217;s a talent acquisition no-no to poach someone you placed. </p>
<p>That did not stop Thompson, who thought he might be good for the job and reached out directly to board members at the end of the selection effort, which then led to the search committee and soon enough to the job in what was a very quick vetting and secretive (although <a href="http://allthingsd.com/20120103/exclusive-yahoo-poised-to-name-ceo-with-ebays-paypal-head-as-top-choice/">not secretive <em>enough</em></a>!) hiring process. </p>
<p>Since then, Thompson has been on a tear, from working on a restructuring to trying to assuage activist shareholder Dan Loeb to helping put the kibosh on its Asian stake sale talks to suing Facebook. And now this sale effort, too. </p>
<p>If the peripatetic Thompson &#8212; who might need a dose of Ritalin before this thing is over &#8212; wanted to get noticed by the tech powers that be: Mission accomplished!</p>
<p>&#8220;He&#8217;s definitely someone who appears to have decided on shooting the moon with a lot of these actions,&#8221; said one person close to the situation, referring to the move in the card game of Hearts, which is a risky gambit to capture every penalty card worth 26 points in order to win. &#8220;I just hope no one loses an eye in the process.&#8221;</p>
<p>(That would be triple ouch, by the way.)</p>
<p>No comments all around, but everyone was certainly cordial on this rainy morning.</p>
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		<title>Microsoft Finally Dumps Deal Provider Now Owned by Google</title>
		<link>http://allthingsd.com/20120106/microsoft-finally-dumps-deal-provider-now-owned-by-google/</link>
		<comments>http://allthingsd.com/20120106/microsoft-finally-dumps-deal-provider-now-owned-by-google/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 20:06:09 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[8coupons]]></category>
		<category><![CDATA[aggregation]]></category>
		<category><![CDATA[AmazonLocal]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=161036</guid>
		<description><![CDATA[Microsoft has inked a new partnership with 8coupons to replace The Dealmap, which had been providing local offers to Bing Deals for about nine months.]]></description>
			<content:encoded><![CDATA[<p>Microsoft has inked a new partnership with <a href="http://www.8coupons.com/">8coupons</a> to replace The Dealmap, which had been providing local offers to Bing Deals <a href="http://allthingsd.com/20110303/bing-adds-daily-deals-to-search-results-through-partnership/">for about nine months</a>.</p>
<p><img class="alignright size-medium wp-image-161074" title="bingdeals" src="http://allthingsd.com/files/2012/01/bingdeals-329x285.png" alt="" width="329" height="285" />The partnership understandably ended once Microsoft&#8217;s big search rival, Google, <a href="http://allthingsd.com/20110801/google-acquires-daily-deal-provider-for-less-than-6-billion-probably/">acquired The Dealmap in August</a>.</p>
<p>&#8220;We can confirm that Bing is no longer partnering with The Dealmap and is now partnering with local and daily deal aggregator 8coupons,&#8221; a Microsoft spokesperson said. &#8220;We’re excited about the partnership with 8coupons and to be able to offer our customers access to great deals and discounts from across the Web &#8212; all in one place.&#8221;</p>
<p>A spokesperson for 8coupons also confirmed the partnership, adding that it started to replace The Dealmap a couple of weeks ago.</p>
<p>Rather than build a Groupon copycat as Google and Amazon have done, Microsoft has decided to partner with an aggregator that collects offers from various providers around the Web. Deals delivered by 8coupons come from Restaurant.com, Yelp, LivingSocial and GiltCity, among many others, as shown <a href="http://www.bing.com/shopping/deals?q=deals&amp;sscope=sdeals&amp;FORM=PGCA">on the Bing Deals homepage</a>.</p>
<p>Google&#8217;s purchase of The Dealmap was relatively small, especially compared to its failed $6 billion offer to buy Groupon. So far, The Dealmap is being used for the underpinnings of a pilot project that Google Offers has rolled out in the Bay Area.</p>
<p>In San Francisco, <a href="http://allthingsd.com/20111027/google-pumps-up-its-groupon-killer-by-adding-more-than-a-dozen-partners/">Google works with more than a dozen deal providers</a> so that it can offer a variety of deals every day. It believes that in order to have relevant offers for all types of consumers, you need a lot of good deals, not just one a day.</p>
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		<title>Google Will Pay Mozilla Almost $300M Per Year in Search Deal, Besting Microsoft and Yahoo</title>
		<link>http://allthingsd.com/20111222/google-will-pay-mozilla-almost-300m-per-year-in-search-deal-besting-microsoft-and-yahoo/</link>
		<comments>http://allthingsd.com/20111222/google-will-pay-mozilla-almost-300m-per-year-in-search-deal-besting-microsoft-and-yahoo/#comments</comments>
		<pubDate>Thu, 22 Dec 2011 18:57:10 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=156313</guid>
		<description><![CDATA[The search giant will pony up close to $1 billion to hipcheck Microsoft's Bing from the pole position on the Firefox browser.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><a href="http://allthingsd.com/20111222/google-will-pay-mozilla-almost-300m-per-year-in-search-deal-besting-microsoft-and-yahoo/monopoly-copy/" rel="attachment wp-att-156330"><img src="http://allthingsd.com/files/2011/12/monopoly-copy-380x276.png" alt="" title="monopoly copy" width="380" height="276" class="alignright size-medium wp-image-156330" /></a></p>
<p>Earlier this week, Google and Mozilla said they had <a href="http://allthingsd.com/20111220/google-resigns-firefox-search-royalty-deal/">struck a deal to renew their search royalty agreement</a> for another three years.</p>
<p>What the pair declined to add: The search giant will pay just under $300 million per year to be the default choice in Mozilla&#8217;s Firefox browser, a huge jump from its previous arrangement, due to competing interest from both Yahoo and Microsoft.</p>
<p>Sources said this total amount &#8212; just under $1 billion &#8212; was the minimum revenue guarantee for delivering search queries garnered from consumers using Firefox.</p>
<p>Google&#8217;s main rival in the bid, sources said, was Microsoft&#8217;s Bing search service, which was aggressively trying to hip-check it from the main search spot on the browser.</p>
<p>That&#8217;s because the software giant has been spending a lot of money in efforts to grow Bing&#8217;s market share in the search market.</p>
<p>Microsoft, of course, also owns the still-dominant Internet Explorer browser, but Google&#8217;s Chrome has recently been making major gains over both IE and Mozilla&#8217;s Firefox.</p>
<p>Still, Mozilla&#8217;s recent negotiations with both companies was about search market share.</p>
<p>Yahoo was also in the mix, even though Microsoft powers its search technology, because a hookup with Firefox was considered a plus in holding on to its declining search market share. </p>
<p>But the deal, which was being pushed hard by Yahoo&#8217;s Chief Product Officer Blake Irving and its search head Shashi Seth, was determined to be too costly for Yahoo.</p>
<p>Costly indeed, since the new price is much higher than Google had previously ponied up to Mozilla. In 2010, Google contributed 84 percent of Mozilla&#8217;s $123 million in revenue.</p>
<p>A previous version of the partnership had expired at the end of November, and the new talks were done against a backdrop of simmering tension between Google and Mozilla over Chrome.</p>
<p>As Liz Gannes wrote earlier this week:</p>
<blockquote class="memo"><p>Since the first search royalty deal was signed in 2008, Google&#8217;s own Chrome browser has become a significant competitor. Just last month, Chrome overtook Firefox in global usage for the first time, according to StatCounter. Both browsers &#8212; software which is used to navigate the Internet &#8212; have about 25 percent market share.</p></blockquote>
<p>Even with the new default deal with Google, Mozilla still also has partnerships with other search providers, including Bing, Yahoo, Yandex, Amazon and eBay.</p>
<p>Of course, everybody declined to comment on my queries to hand over all the financial deets <em>stat</em>.</p>
<p>But Google&#8217;s SVP of Search, Alan Eustace, said in a statement: &#8220;Mozilla has been a valuable partner to Google over the years and we look forward to continuing this great partnership in the years to come.&#8221;</p>
<p>Great, perhaps, but also much more expensive &#8212; so presumably Firefox is worth it.</p>
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		<title>Google Renews Firefox Search Royalty Deal</title>
		<link>http://allthingsd.com/20111220/google-resigns-firefox-search-royalty-deal/</link>
		<comments>http://allthingsd.com/20111220/google-resigns-firefox-search-royalty-deal/#comments</comments>
		<pubDate>Tue, 20 Dec 2011 18:49:54 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=155488</guid>
		<description><![CDATA[Mozilla is about to announce that it has signed a new three-year agreement for Google to be the default search option in its Firefox browser.]]></description>
			<content:encoded><![CDATA[<p><img src="http://allthingsd.com/files/2011/12/firefox_logo_new.png" alt="" title="firefox_logo_new" width="380" height="285" class="alignright size-full wp-image-155518" /></p>
<p>Mozilla is set to announce that it has signed a new three-year agreement for Google to be the default search option in its Firefox browser.</p>
<p>It&#8217;s a critical renewal for the Silicon Valley software maker, since its earlier deal with the search giant has been a major source of revenue to date.</p>
<p>The companies said the specific terms of the commercial agreement are not being released. But, in 2010, Google contributed 84 percent of Mozilla&#8217;s $123 million in revenue.</p>
<p>A previous version of the arrangement had expired at the end of November. Mozilla <a href="http://allthingsd.com/20111205/mozilla-says-google-relationship-in-active-negotiations/">said at the time</a> that it was in &#8220;active negotiations&#8221; with Google. </p>
<p>The relationship has not been without some tension of late. Since the first search royalty deal was signed in 2008, Google&#8217;s own Chrome browser has become a significant competitor. Just last month, Chrome overtook Firefox in global usage for the first time, <a href="http://gs.statcounter.com/press/chrome-overtakes-firefox-globally-for-first-time">according to StatCounter</a>. Both browsers &#8212; software which is used to navigate the Internet &#8212; have about 25 percent market share.</p>
<p>Mozilla also has partnerships with other search providers, including Microsoft&#8217;s Bing, Yahoo, Yandex, Amazon and eBay.</p>
<p>Here&#8217;s the <a href="http://blog.mozilla.com/blog/2011/12/20/mozilla-and-google-sign-new-agreement-for-default-search-in-firefox/">full announcement</a> Mozilla will soon put out: </p>
<blockquote class="memo"><p><strong>Mozilla and Google Sign New Agreement for Default Search in Firefox</strong></p>
<p>We&#8217;re pleased to announce that we have negotiated a significant and mutually beneficial revenue agreement with Google. This new agreement extends our long term search relationship with Google for at least three additional years.</p>
<p>&#8220;Under this multi-year agreement, Google Search will continue to be the default search provider for hundreds of millions of Firefox users around the world,&#8221; said Gary Kovacs, CEO, Mozilla.</p>
<p>&#8220;Mozilla has been a valuable partner to Google over the years and we look forward to continuing this great partnership in the years to come,&#8221; said Alan Eustace, Senior Vice President of Search, Google.</p>
<p>The specific terms of the commercial agreement are confidential and are not being released.</p></blockquote>
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		<title>BermanBraun to Launch Three Non-HuffPost Sites -- Including Weather -- for AOL</title>
		<link>http://allthingsd.com/20111215/bermanbraun-to-launch-three-non-huffpost-sites-for-aol/</link>
		<comments>http://allthingsd.com/20111215/bermanbraun-to-launch-three-non-huffpost-sites-for-aol/#comments</comments>
		<pubDate>Thu, 15 Dec 2011 16:27:24 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=154036</guid>
		<description><![CDATA[In a rare partnership, Arianna Huffington makes way for some fancy Hollywood online content producers.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111215/bermanbraun-to-launch-three-non-huffpost-sites-for-aol/41648_1684686176_232_n/" rel="attachment wp-att-154120"><img src="http://allthingsd.com/files/2011/12/41648_1684686176_232_n.png" alt="" title="41648_1684686176_232_n" width="199" height="236" class="alignright size-full wp-image-154120" /></a></p>
<p>In a deal that was struck some time ago and is close to fruition, BermanBraun is prepping three major Web properties for AOL that will focus on pets, men and, interestingly, the weather.</p>
<p>After I inquired, AOL confirmed that the Hollywood production company &#8212; headed by former Yahoo and ABC exec Lloyd Braun and former Paramount exec Gail Berman &#8212; will debut the trio of sites around March. The new sites will use rich features and a slick design to attract premium advertisers.</p>
<p>The pair will jointly sell the advertising, but the sites themselves will be operated by BermanBraun in cooperation with AOL&#8217;s media unit, the Huffington Post Media Group. The deal was struck in late 2010, before AOL bought the Huffington Post for $300 million in January of this year.</p>
<p>While AOL has partnered with many outside sites, this will be the most prominent one since that acquisition.</p>
<p>Since then, much of the new content development on AOL has been aimed at drastically increasing the number of sites with that brand. There have been more than two dozen of those since March.</p>
<p>In this case, the Huffington Post Media Group, run by Arianna Huffington, has typically either created new topic sites or relaunched old AOL ones.  </p>
<p>This week, for example, the company rejiggered AOL TV as HuffPost TV, as well as announcing El Huffington Post, an international Spanish-language version of the Huffington Post that will debut in early 2012, in partnership with El País.</p>
<p>The BermanBraun effort, though, is more independent and large-scale. It will feature extensive video and heavy use of imagery. Huffington Post will be involved in editorial selection, and has been working closely with the firm on incorporating social elements.</p>
<p>&#8220;It&#8217;s been a very dynamic and collaborative partnership &#8212; we&#8217;ve worked together on everything from design to picking the editors,&#8221; said Roy Sekoff, founding editor of the Huffington Post Media Group, about the arrangement. &#8220;BermanBraun brings a distinctive approach to their sites, and we&#8217;ve helped infuse that with our focus on real-time, social, and building community.&#8221; </p>
<p>Sekoff declined to give more details, such as the names of the sites. (They won&#8217;t be HuffPost Pets, HuffPost Weather and HuffPost Dudes, though!) </p>
<p>Pets could be a strong category if done in a new way, especially if designed with new tablet devices in mind. And weather, to my mind, is a sleeper category if reimagined freshly.</p>
<p>BermanBraun &#8212; which also develops television shows and movies &#8212; has a lot of experience in the online content arena. It has previously created Web sites for Microsoft&#8217;s MSN unit, including the high-profile celebrity site Wonderwall.</p>
<p>It will be interesting to see how the collaboration turns out. In the meantime, here&#8217;s my favorite weather song &#8212; Lena Horne rules! &#8212; to enjoy until the three sites launch:</p>
<p><iframe width="640" height="480" src="http://www.youtube.com/embed/QCG3kJtQBKo?rel=0" frameborder="0" allowfullscreen></iframe></p>
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		<title>What Cash Crunch? Revolution Growth Raises $450M for Its First Fund.</title>
		<link>http://allthingsd.com/20111130/what-cash-crunch-revolution-growth-raises-450m-for-its-first-fund/</link>
		<comments>http://allthingsd.com/20111130/what-cash-crunch-revolution-growth-raises-450m-for-its-first-fund/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 04:30:09 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=148959</guid>
		<description><![CDATA[You say you want a revolution? How about an investment, instead?]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111130/what-cash-crunch-revolution-growth-raises-450m-for-its-first-fund/screen-shot-2011-03-14-at-8-31/" rel="attachment wp-att-149018"><img src="http://allthingsd.com/files/2011/11/Screen-shot-2011-03-14-at-8.31.png" alt="" title="Screen-shot-2011-03-14-at-8.31" width="246" height="72" class="alignright size-full wp-image-149018" /></a></p>
<p>Revolution Growth, a new investment vehicle led by former AOLers Steve Case, Ted Leonsis and Donn Davis, has raised $450 million in their first investment fund.</p>
<p>Originally, as I <a href="http://allthingsd.com/20110310/exclusive-former-aolers-steve-case-and-ted-leonsis-raising-400-million-growth-equity-fund/">reported in March</a>, the growth fund was going to be $400 million, but more was added due to investor interest.</p>
<p>The figure is a large one for a new venture and includes two dozen limited partners.</p>
<p>According to a letter to its partners, which I posted below in its entirety, Revolution said it will make 10 to 12 investments over five years in the consumer space of about $25 million to $50 million and mostly on the East coast, where its principals live and work.</p>
<p>The fund will focus on the &#8220;speed-up&#8221; stage &#8212; which is apparently just past venture stage and not yet in growth.</p>
<p>While both Leonsis and Case have done a lot of investing in the Web 2.0 space both together (Revolution Money) and apart (the Groupon and LivingSocial social buying sites, respectively), this is the first time the pair of well-known Web pioneers are creating a more formal investment partnership.</p>
<p>The pair are also investing $75 million of their own money in total in the Revolution Growth fund. </p>
<p>Revolution&#8217;s three partners said they will also be deeply involved with entrepreneurs at its companies. </p>
<p>&#8220;We are not just investors, but former CEOs and business builders who have the expertise and passion to be actively involved with the companies we back,&#8221; said the letter. &#8220;By making only a few investments each year, we will have the time to really help the entrepreneurs with whom we partner.&#8221;</p>
<p>Well, you can read about the Revolution Growth fund yourself here:</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/106216377/letter">letter</a></font><br/><object id="_ds_106216377" name="_ds_106216377" width="630" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=106216377&#038;mem_id=1512683&#038;doc_type=pdf&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="106216377";var docstoc_title="letter";var docstoc_urltitle="letter";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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		<title>Exclusive: Zynga's Van Natta Moves to Strategic Adviser; Feld Off Board, Paul In</title>
		<link>http://allthingsd.com/20111117/exclusive-zyngas-van-natta-moves-to-strategic-advisor-feld-off-board-paul-in/</link>
		<comments>http://allthingsd.com/20111117/exclusive-zyngas-van-natta-moves-to-strategic-advisor-feld-off-board-paul-in/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 18:30:08 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[Amazon]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=145219</guid>
		<description><![CDATA[Big changes at the online social gaming phenom as it gets ready to go public.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111117/exclusive-zyngas-van-natta-moves-to-strategic-advisor-feld-off-board-paul-in/547994716_6xqwx-m-1-199x300-2/" rel="attachment wp-att-145263"><img src="http://allthingsd.com/files/2011/11/547994716_6XQWx-M-1-199x300.png" alt="" title="547994716_6XQWx-M-1-199x300" width="199" height="300" class="alignright size-full wp-image-145263" /></a></p>
<p>In a <a href="http://allthingsd.com/20111117/hasta-la-vista-stock-options-heres-the-zynga-sec-filing/">new filing with the Securities and Exchange Commission</a> concerning its upcoming IPO, Zynga is expected to unveil two key management and board changes at the online gaming phenom:</p>
<p>Chief Business Officer Owen Van Natta &#8212; who came to the San Francisco-based start-up several years ago to help CEO Mark Pincus grow it and develop it &#8212; will step down from his job and become a strategic adviser focusing on major partnerships. He&#8217;ll still remain board member at Zynga, but will give up millions of pre-IPO shares by moving out of his operational role.</p>
<p>And director and venture investor Brad Feld will leave the the board, which VCs sometime do as companies move to a public offering and add members with more specific business experience. </p>
<p>In his place, longtime entrepreneur and investor Sunil Paul, who founded a company called FreeLoader with Pincus many moons ago, will join the board.</p>
<p>Zynga confirmed the changes to me in a statement by Pincus: </p>
<p>&#8220;Owen is a valuable business partner. He&#8217;s made great contributions to Zynga and continues to be an important part of our team.&#8221;</p>
<p>Sources said the changes related to Van Natta around are not part of a recent controversy around a <a href="http://online.wsj.com/article/SB10001424052970204621904577018373223480802.html">Wall Street Journal story</a> about clawing back of some share options grants of early Zynga employees who had become less involved in the company. While the company cannot actually take back already vested shares owned by those staffers, the article has put a lot of scrutiny on Zynga and raised questions about how to cope with the kind of hyper-growth some Internet firms experience.</p>
<p>That&#8217;s certainly been the kind of rocket ride Zynga has been on, as it has grown from a small social gaming company on Facebook to a high-profile public company.</p>
<p>Zynga is in the final stages of its IPO process, answering questions from the SEC that are typical. If all goes well, Zynga execs are expected to go on a road show after the Thanksgiving and go public by the end of the year at a market valuation of close to $20 billion.</p>
<p>That was different from when Van Natta officially <a href="http://allthingsd.com/20100813/zyngas-newest-deal-snagging-myspace-facebook-vet-owen-van-natta/">got to Zynga in the spring of last year</a> &#8212; after a rocky experience running the doomed Myspace. At the time, he told me at the time that planned to be focused on scaling the business and did not consider himself a long-term operating executive.</p>
<p>Since then, he has helped Pincus hire a series of experienced gaming execs, including a chief operating officer, a chief marketing officer and others.</p>
<p>Zynga was Van Natta&#8217;s third high-profile Web company in recent years. He was a top early exec for Mark Zuckerberg at Facebook until <a href="http://kara.allthingsd.com/20080219/owen-van-natta-to-leave-facebook/">early 2008</a>, and in 2009 he took over News Corp.&#8217;s (NWS) <a href="http://kara.allthingsd.com/20090422/former-facebook-exec-van-natta-set-to-take-over-at-myspace-as-founder-dewolfe-steps-down/">MySpace</a>, a job that <a href="http://kara.allthingsd.com/20100210/myspace-ceo-van-natta-was-fired-by-news-corp-digital-head-miller-in-late-afternoon-meeting/">lasted less than a year</a>. </p>
<p>Early in his career, Van Natta was also was a top strategy, marketing and deal exec for Amazon, which bought an early social networking start-up called PlanetAll that he worked at.</p>
<p>It will now be interesting to see what Van Natta does next, but it is unlikely he will take a permanent position. He is a longtime angel investor in Silicon Valley, including in hot start-ups such as Asana and still holds a significant stake in Facebook. </p>
<p>But, in moving out of his job at Zynga, he will be giving up many millions of shares of a rich trove he was given when he arrived at the company. That said, Van Natta already owns millions of accelerated vested shares and will get another large grant as a board member.</p>
<p>Translation: Don&#8217;t cry for Mr. Van Natta, Silicon Valley &#8212; he made $42 million last year from Zynga shares alone.</p>
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		<title>Yahoo's Jerry Yang and Rose Tsou on to Sell or Not to Sell, Asia and More: The Full AsiaD Interview (Video)</title>
		<link>http://allthingsd.com/20111101/yahoos-jerry-yang-and-rose-tsou-on-to-sell-or-not-to-sell-asia-and-more-the-full-asiad-interview-video/</link>
		<comments>http://allthingsd.com/20111101/yahoos-jerry-yang-and-rose-tsou-on-to-sell-or-not-to-sell-asia-and-more-the-full-asiad-interview-video/#comments</comments>
		<pubDate>Tue, 01 Nov 2011 18:29:08 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[AsiaD]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=138862</guid>
		<description><![CDATA[The co-founder of Yahoo will try to answer all your questions now.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111101/yahoos-jerry-yang-and-rose-tsou-on-to-sell-or-not-to-sell-asia-and-more-the-full-asiad-interview-video/asiad-20111020-081154-01913-l/" rel="attachment wp-att-138865"><img src="http://allthingsd.com/files/2011/11/asiad-20111020-081154-01913-L-640x427.png" alt="" title="asiad-20111020-081154-01913-L" width="640" height="427" class="alignright size-large wp-image-138865" /></a></p>
<p>We are now posting the full videos from the recent <strong>AsiaD</strong> conference, which took place in Hong Kong in October.</p>
<p>Over the next two weeks, we&#8217;re going to follow the schedule of the actual event. Up next: Yahoo&#8217;s co-founder <a href="http://allthingsd.com/20111019/jerry-yang-rose-tsou-asia/">Jerry Yang and Rose Tsou</a>, who runs its businesses in Asia.</p>
<p>In an interview with Walt Mossberg, the pair covered a wide range of topics, including Yahoo&#8217;s current strategic review, its search for a new CEO, the state of its businesses in Asia and its contentious partnerships in the region, and, of course, the definition of what Yahoo is.</p>
<p>According to Yang &#8212; who is leading the efforts of the Silicon Valley Internet giant to right itself &#8212; Yahoo is a &#8220;premier digital media company.&#8221;</p>
<p>But why don&#8217;t you hear it from him?</p>
<p>Here:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=2E75FD61-F780-409C-B83A-DF11B7B7B571&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={2E75FD61-F780-409C-B83A-DF11B7B7B571}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Spooking Flipboard: Yahoo's Livestand -- Followed by Google's Propeller -- Set to Launch Next Week</title>
		<link>http://allthingsd.com/20111028/news-reader-traffic-jam-yahoos-livestand-and-googles-propeller-set-to-launch-aiming-at-flipboard/</link>
		<comments>http://allthingsd.com/20111028/news-reader-traffic-jam-yahoos-livestand-and-googles-propeller-set-to-launch-aiming-at-flipboard/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 12:35:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=137646</guid>
		<description><![CDATA[Memo to Flipboard, Pulse, CNN's Zite and AOL's Editions: You might want to make some room in the crowded news and social reader space -- you're about to get some bigfoot company.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111028/news-reader-traffic-jam-yahoos-livestand-and-googles-propeller-set-to-launch-aiming-at-flipboard/yahoo_livestand/" rel="attachment wp-att-137655"><img src="http://allthingsd.com/files/2011/10/yahoo_livestand-380x272.png" alt="" title="yahoo_livestand" width="380" height="272" class="alignright size-medium wp-image-137655" /></a></p>
<p>Memo to Flipboard, as well as Pulse, CNN&#8217;s Zite and AOL&#8217;s Editions: You might want to make some room in the already-crowded news and social reader space, because you&#8217;re about to get some bigfoot company.</p>
<p>Next Wednesday, according to sources close to the situation, Yahoo will finally officially unveil its offering, called <a href="http://allthingsd.com/20110210/yahoos-got-a-digital-newstand/">Livestand</a>.</p>
<p>And perhaps as early as next week or in the weeks soon after, Google will also weigh in with its version of the genre &#8212; <a href="http://allthingsd.com/20110915/its-called-google-propeller-and-its-aimed-at-flipboard-and-facebook-too/">code-named Propeller</a> &#8212; which also might be the product&#8217;s name. Another moniker under strong consideration: Currents.</p>
<p>As I have previously reported, Google Propeller is an HTML5 reader for the Apple iPad and Android &#8212; essentially a souped-up version of similar apps such as Flipboard, <a href="http://allthingsd.com/20110802/aol-finally-ready-with-editions-its-ipad-magazine/">AOL&#8217;s Editions</a>, Zite (which was just <a href="http://allthingsd.com/20110830/zite-sold-to-cnn-for-just-over-20-million/">bought by Time Warner&#8217;s CNN</a>) and <a href="http://allthingsd.com/20110616/pulse-gets-quicker-with-9m-in-funding/">Pulse</a>. </p>
<p>All these apps are part of the drastically changing habits of media consumers, helping users better navigate numerous social and media feeds &#8212; such as Facebook and Twitter, as well as news sites and more &#8212; using handsome interfaces and touch technologies on tablet devices.</p>
<p>Flipboard, the most prominent and elegant of these offerings, is now available only on the Apple iPad. </p>
<p>Flipboard&#8217;s traction among elite users, along with its high-level design ethos and strong reviews, is why Google tried to buy the well-funded company last year, sources said.</p>
<p>But Flipboard &#8212; which is backed by some of tech&#8217;s biggest venture players, who have invested <a href="http://allthingsd.com/20110414/exclusive-flipboard-confirms-50-million-funding-at-200-million-valuation/">more than $60 million at a $200 million valuation</a> &#8212; declined the kind offer.</p>
<p>At the time, sources said, Google told Flipboard execs that if it did not buy the start-up, it planned to do a version of its own.</p>
<p>Hence, after I heard about the product earlier this year, I dubbed it the <em>Flipinator</em>.</p>
<p><a href="http://allthingsd.com/20111028/news-reader-traffic-jam-yahoos-livestand-and-googles-propeller-set-to-launch-aiming-at-flipboard/attachment/31664/" rel="attachment wp-att-137672"><img src="http://allthingsd.com/files/2011/10/31664-285x285.gif" alt="" title="31664" width="285" height="285" class="alignleft size-medium wp-image-137672" /></a></p>
<p>According to sources, Propeller will launch with a plethora of media partners, as well as integration into the Google+ social network. The aim of the search giant is to offer media companies easy tools for publishing content on these devices, as well as a better path to monetization.</p>
<p>That is essentially the same plan at Yahoo, which has been working on Livestand with hopes of it being a product that will woo publishers into tight collaboration with the Silicon Valley Internet giant.</p>
<p><a href="http://www.yadvertisingblog.com/blog/2011/02/16/video-demo-livestand-from-yahoo/">Livestand was announced</a> by Yahoo&#8217;s now-fired CEO Carol Bartz in February, at a speech at the World Mobile Congress in Spain.</p>
<p>At the time, Bartz demoed a magazinelike platform that would allow publishers to put up content easily and give users the ability to personalize their selections based on search history and interests.</p>
<p>Bartz called it &#8220;content in context.&#8221; (You can see the demo video below.)</p>
<p>But while Bartz promised the product within three months, development has been slowed by its complex technologies, bugs and the need to sign on publishers. </p>
<p>Yahoo&#8217;s Chief Product Officer Blake Irving is pushing the product hard as a way for the company to reinvigorate its media products.</p>
<p>It&#8217;s not clear how many publishers Yahoo will have at launch, and neither are the distribution plans, beyond flacking it from the Web site and being present in app stores.</p>
<p>Google, on the other hand, has its Android platform to push out Propeller, although it all must work as well on Apple&#8217;s iPad, which is the dominant tablet on the market.</p>
<p>But just because both Yahoo and Google are big companies is by no means a guarantee of success &#8212; think Yahoo 360 or Google Wave or Buzz &#8212; and their lateness might be a hindrance.</p>
<p>And, in fact, other news reader apps are much further along. The leader, Flipboard, has already had four million downloads and 50 partnerships with leading publishers.</p>
<p>It also has started to introduce rich advertising products and, perhaps most importantly, has tight social integration with Twitter and Facebook.</p>
<p>There will be social elements on both Yahoo&#8217;s Livestand and Google&#8217;s Propeller. But news reading will be stressed more, making them more like Pulse, a tiny but highly innovative start-up.</p>
<p>Each of the existing apps will presumably compete by adding on more features. Pulse recently added <a href="http://blog.pulse.me/your-news-everywhere-sync-sources-to-your-pul-0">cross-platform, cross-device syncing</a>, while Flipboard is close to unveiling <a href="http://allthingsd.com/20110421/pre-200-million-valuation-flipboards-mike-mccue-at-sxsw-the-full-onstage-video/">an iPhone version</a> it has said it was working on.</p>
<p>Yahoo and Google PR declined comment.</p>
<p>Here is the Livestand demo video from February:</p>
<div><iframe frameborder="0" width="576" height="324" src="http://d.yimg.com/nl/yahoo-digital-media-bureau/ydmb/player.html#browseCarouselUI=hide&#038;vid=24199251"></iframe></div>
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		<title>AOL's Biz Dev SVP and Strategy Chief Heads to Spotify</title>
		<link>http://allthingsd.com/20111027/aols-biz-dev-svp-and-strategy-chief-heads-to-spotify/</link>
		<comments>http://allthingsd.com/20111027/aols-biz-dev-svp-and-strategy-chief-heads-to-spotify/#comments</comments>
		<pubDate>Thu, 27 Oct 2011 07:19:15 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=137184</guid>
		<description><![CDATA[Top AOL dude abandons ship to head to hot music start-up.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111027/aols-biz-dev-svp-and-strategy-chief-heads-to-spotify/imgres-67/" rel="attachment wp-att-137185"><img src="http://allthingsd.com/files/2011/10/imgres3.png" alt="" title="imgres" width="264" height="191" class="alignright size-full wp-image-137185" /></a></p>
<p><a href="http://corp.aol.com/2010/05/12/jared-grusd2/">Jared Grusd</a>, AOL&#8217;s SVP of business development and chief of strategy, is leaving the New York Internet giant to work at Spotify, according to sources close to the situation. </p>
<p>At AOL, according to his bio, Grusd &#8220;oversees the organization responsible for all domestic and international strategic partnerships and commercial alliances for AOL and each of its operating units. He is also responsible for identifying and evaluating new corporate strategies and opportunities for the company.&#8221;</p>
<p>The marathon fiend and former Google exec &#8212; who held top legal-deal jobs there &#8212; also serves on AOL&#8217;s Executive Management Team.</p>
<p>It is not clear what the well-respected Grusd will be doing at the online music service, which has been expanding its executive ranks as it has moved aggressively into the U.S. market. But sources said it was a high-level position in New York.</p>
<p>Spotify <a href="http://allthingsd.com/20111007/spotify-lands-a-biz-dev-guy-clear-channels-gerrit-meier/">recently hired former Clear Channel exec Gerrit Meier</a> as GM of distribution and partnerships, reporting to U.S. head Ken Parks. </p>
<p>Spotify also just scooped up former AOL sales head <a href="http://allthingsd.com/20110915/aols-old-ad-boss-lands-at-spotify/">Jeff Levick</a> &#8212; another Google alum &#8212; as its chief advertising officer.</p>
<p>The departure of Grusd further thins out the exec ranks at AOL, which is still mired in a turnaround under the leadership of CEO Tim Armstrong (yes, he too is a former Googler!).</p>
<p>I lobbed a query into AOL PR for comment, and am awaiting news of my news.</p>
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		<title>Yahoogle Redux? Why "Project Porcupine" Means Someone Is Definitely Going to Lose an Eye This Time.</title>
		<link>http://allthingsd.com/20111025/yahoogle-redux-why-project-porcupine-means-someones-definitely-going-to-lose-an-eye-this-time/</link>
		<comments>http://allthingsd.com/20111025/yahoogle-redux-why-project-porcupine-means-someones-definitely-going-to-lose-an-eye-this-time/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 13:07:20 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
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		<category><![CDATA[Yahoogle]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=136354</guid>
		<description><![CDATA[How do you hug a porcupine?

Very carefully.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><a href="http://allthingsd.com/20111025/yahoogle-redux-why-project-porcupine-means-someones-definitely-going-to-lose-an-eye-this-time/funny-pictures-porcupine-kisses-stump/" rel="attachment wp-att-136384"><img src="http://allthingsd.com/files/2011/10/funny-pictures-porcupine-kisses-stump-351x285.png" alt="" title="funny-pictures-porcupine-kisses-stump" width="351" height="285" class="alignright size-medium wp-image-136384" /></a></p>
<p>You gotta hand it to those geniuses over at the Googleplex, thinking up adorkable names for all their various plots and schemes.</p>
<p>And for its latest look-see of the Yahoo situation, it has revived an old one: &#8220;Project Porcupine,&#8221; presumably from the old joke about how you hug a porcupine.</p>
<p><em>Very</em> carefully. </p>
<p>Or maybe you don&#8217;t hug it at all, which is why all the rumors about the search giant hooking up with some unnamed private equity firms have been so unclear and, well, hard to grab ahold of.</p>
<p>According to sources, there are three clear aspects of what is actually going on:</p>
<p>1. Interest in using Google&#8217;s vast cash hoard as part of an investment it would make in a deal &#8212; meaning the company was approached, which it is, often.</p>
<p>2. Desire of Google&#8217;s crafty Chief Business Officer Nikesh Arora to perhaps find a clever way to get ahold of Yahoo&#8217;s display inventory to add to Google&#8217;s own fast-growing DoubleClick display advertising subsidiary &#8212; meaning Arora has been making the rounds at Yahoo to gauge interest.</p>
<p>3. Pure enjoyment in messing with Microsoft execs &#8212; who are now allied with Yahoo via its Bing search technology &#8212; as well as getting up any price the software giant would have to fork over to be part of any consortium that will be cobbled together in what is sure to be a hopelessly complex deal.</p>
<p><a href="http://allthingsd.com/20111025/yahoogle-redux-why-project-porcupine-means-someones-definitely-going-to-lose-an-eye-this-time/yahoogle-3/" rel="attachment wp-att-136389"><img src="http://allthingsd.com/files/2011/10/yahoogle.png" alt="" title="yahoogle" width="192" height="58" class="alignleft size-full wp-image-136389" /></a></p>
<p>Whether incoming or outgoing or just an early version of Mischief Night, any one of these options &#8212; while interesting to contemplate &#8212; is certainly fraught for Google. </p>
<p>Remember the trouble three years ago when Google tried to do a simple search-advertising partnership with Yahoo, in order to pull it out of the clutches of Microsoft?</p>
<p>That effort ended with a resounding <em>oh-no-you-don&#8217;t</em> by the Justice Department, which <a href="http://allthingsd.com/20081105/google-dumps-yahoo-which-should-come-as-a-shock-only-to-yahoo/">promised an antitrust lawsuit was awaiting</a> such a move to bring together the No. 1 and No. 2 search services.</p>
<p>And if it was a no-no then, any formal relationship or even arm&#8217;s-length investment in Yahoo by Google would inevitably be more closely scrutinized this time around. </p>
<p>In fact, what I <a href="http://allthingsd.com/20080417/microhoo-yahoo-and-google-play-house/">wrote in 2008</a> applies a dozen times more emphatically today: </p>
<p>&#8220;It is bad for advertisers, it is bad for consumers, it is bad for innovation, no matter how well-intentioned Google is.&#8221;</p>
<p>Fast forward to today, after Google has already played a worrisome game of chicken with regulators over a number of acquisition deals &#8212; which makes trying to bring back Yahoogle akin to reaching for the third rail.</p>
<p>But that&#8217;s not what it&#8217;s going to do, in truth, because &#8212; even though Yahoo is still a tempting target &#8212; there is usually only one outcome to hugging a porcupine. </p>
<p><em>Ouch.</em></p>
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		<title>Final AsiaD Speakers: Apple's Phil Schiller and Former VP Al Gore</title>
		<link>http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/</link>
		<comments>http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/#comments</comments>
		<pubDate>Wed, 05 Oct 2011 00:15:32 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[AsiaD]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=128535</guid>
		<description><![CDATA[AsiaD is now ready for launch, with a little taste of Apple and the Veep.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/schillergorecreds/" rel="attachment wp-att-128580"><img src="http://allthingsd.com/files/2011/10/schillergorecreds.png" alt="" title="schillergorecreds" width="380" height="285" class="alignright size-full wp-image-128580" /></a></p>
<p>And then there was Schiller and Gore.</p>
<p>That would be Apple&#8217;s SVP of worldwide product marketing <strong>Phil Schiller</strong> and former Vice President <strong>Al Gore</strong>, who round out the stellar list of speakers at our upcoming <strong>AsiaD</strong> conference.</p>
<p>Taking place from Oct. 19 to 21 in Hong Kong, the <a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/?refcat=asiad">lineup is already impressive</a>, with a <a href="http://allthingsd.com/20110912/even-more-asiad-speakers-yahoos-yang-htcs-wang-samsungs-hong-and-more/">mix of speakers</a> from China, Japan, Korea and Taiwan, as well as Silicon Valley and elsewhere.</p>
<p>The previously announced speakers include: Alibaba Group&#8217;s <strong>Jack Ma</strong>; Google Android head <strong>Andy Rubin</strong>; Twitter inventor and product guru, as well as Square co-founder and CEO, <strong>Jack Dorsey</strong>; Nvidia founder and CEO <strong>Jen-Hsun Huang</strong>; Asus Chairman <strong>Jonney Shih</strong>; Sony president and second-in-command <strong>Kazuo &#8220;Kaz&#8221; Hirai</strong>; Google+ guru <strong>Bradley Horowitz</strong>; Hollywood big shot <strong>Peter Chernin</strong>; Huawei&#8217;s North American R&#038;D head <strong>John Roese</strong>; Microsoft&#8217;s Windows Phone head <strong>Andy Lees</strong>; and a panel of Silicon Valley start-up stars &#8212; Joyus&#8217; <strong>Sukhinder Singh Cassidy</strong>, SurveyMonkey&#8217;s <strong>Dave Goldberg</strong> and Airbnb&#8217;s <strong>Brian Chesky</strong>; Yahoo co-founder <strong>Jerry Yang</strong> and Asia head <strong>Rose Tsou</strong>; LivingSocial&#8217;s <strong>Tim O&#8217;Shaughnessy</strong>, along with founders of two of its Asian units, <strong>Daniel Shin</strong> and <strong>Paul Srivorakul</strong>; Samsung mobile head <strong>Dr. Won-Pyo Hong</strong>; HTC CEO <strong>Peter Chou</strong>, who replaces Chairwoman <strong>Cher Wang</strong>. </p>
<p>Schiller, who reports to Apple&#8217;s CEO Tim Cook (and before that, Steve Jobs) is a member of the executive team of the tech icon, where he has worked for 17 years. He is responsible for a swath of Apple&#8217;s outward-facing businesses, including product marketing, developer relations and business marketing. </p>
<p>Today, in fact, he was onstage at Apple&#8217;s iPhone event, outlining some of its new product offerings. In addition, Apple just opened its first retail store in Hong Kong. </p>
<p>Gore, who had a memorable interview at the fourth <strong>D: All Things Digital</strong> conference in 2006, needs little introduction. The former VP and Nobel Peace Prize winner is now chairman of Current TV and also continues as a prominent environmental activist. </p>
<p>Gore is on the board of Apple, while also being a senior adviser to Google, which is a neat trick. At the same time, he is a partner in the famed Silicon Valley venture capital firm, Kleiner Perkins, and co-founder and chairman of Generation Investment Management, a partnership that is focused on sustainable investing.</p>
<p>And, as most people know, he knows a thing or two about the Internet. </p>
<p>Walt Mossberg and I could not think of two better people to add to the lineup we have for <strong>AsiaD</strong>, which has very few seats left.</p>
<p>See you in China in two weeks!</p>
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		<title>He's Back: Bob Pittman Named CEO of Clear Channel</title>
		<link>http://allthingsd.com/20111002/hes-back-bob-pittman-named-ceo-of-clear-channel/</link>
		<comments>http://allthingsd.com/20111002/hes-back-bob-pittman-named-ceo-of-clear-channel/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 21:00:08 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=127310</guid>
		<description><![CDATA[Longtime media and Internet exec Bob Pittman has been named CEO of radio broadcast and outdoor advertising giant Clear Channel, the company announced today.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111002/hes-back-bob-pittman-named-ceo-of-clear-channel/bob_pittman_color-feature/" rel="attachment wp-att-127313"><img src="http://allthingsd.com/files/2011/10/Bob_Pittman_Color-feature-380x285.png" alt="" title="Bob_Pittman_Color-feature" width="380" height="285" class="alignright size-medium wp-image-127313" /></a></p>
<p>Longtime media and Internet exec Bob Pittman has been named CEO of radio broadcast and outdoor advertising giant Clear Channel, the company announced today.</p>
<p>Pittman &#8212; who has been chairman of Clear Channel&#8217;s media and entertainment platforms after making an investment in the company less than a year ago &#8212; will join the board of directors of CC Media Holdings, Clear Channel Communications and Clear Channel Outdoor Holdings, as executive chairman.  </p>
<p>Clear Channel&#8217;s holdings include a huge parcel of radio stations across the U.S., along with a number of digital properties and a big global outdoor advertising business.</p>
<p>Pittman &#8212; the former MTV wunderkind who started in radio at 15 years old as an announcer at a station in his native Mississippi &#8212; has not been in a top job like this one since he resigned from the then-AOL Time Warner as its COO in the midst of the botched merger mishegas almost a decade ago.</p>
<p>Since then, Pittman has been doing a range of things, including making canny investments in a variety of Internet start-ups such as Zynga and DailyCandy, and even in a <a href="http://allthingsd.com/20091016/its-another-tequila-start-up-bob-pittmans-new-venture/">high-end tequila company</a> via the Pilot Group, a New York-based private investment firm.</p>
<p>He made his own investment in Clear Channel last year and has since upped his involvement, which resulted in the latest move to CEO.</p>
<p>&#8220;I swore I would never work like this again, but when something gets me this stimulated, I knew I wanted to get into it again,&#8221; said Pittman, in an interview with me yesterday. &#8220;I think this company has everything it needs to be a great media company in the new media landscape.&#8221;</p>
<p>That will include a range of new initiatives, including recent partnerships with Facebook and more. </p>
<p>&#8220;We want to move like an entrepreneur and have the assets of a big media company,&#8221; said Pittman. &#8220;I am an addict for this challenge.&#8221;</p>
<p>Here&#8217;s the official press release from Clear Channel:</p>
<blockquote class="memo"><p><strong>BOB PITTMAN NAMED CEO OF CC MEDIA HOLDINGS</p>
<p>Appointment Underscores Clear Channel&#8217;s Evolution to a Fully Realized, Integrated Media, Digital and Entertainment Enterprise</p>
<p>Media Pioneer Will Oversee the Company&#8217;s Global Media Properties, including Broadcast, Digital and Mobile, Syndication, Media Representation and Outdoor</p>
<p>New York, NY &#8212; October 2, 2011 &#8212; </strong> CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media, digital and entertainment company, announced today that Bob Pittman will become its Chief Executive Officer. Pittman joined Clear Channel in November 2010 as an investor and the company&#8217;s Chairman of Media and Entertainment Platforms. Pittman will join the Board of Directors of CC Media Holdings, Inc. and Clear Channel Communications, Inc.; in addition, he will join the Board of Directors of Clear Channel Outdoor Holdings, Inc., as its Executive Chairman. These appointments are effective immediately.</p>
<p>In his new role, Pittman will oversee the company’s businesses, which include:</p>
<p><strong>Clear Channel Radio</strong>, which serves 150 cities through 850 owned radio stations and an additional 100 cities and 4,000 stations through its syndicated Premier Radio Networks products. Clear Channel Radio also includes:</p>
<p>* <strong>Clear Channel Digital</strong>, which develops and operates iHeartRadio, the free, industry-leading digitalradio product that combines access to all of Clear Channel&#8217;s live broadcast and digital-only radio stations as well as user-created Custom Stations. Clear Channel Digital also develops the companion digital products for each radio station brand, including strong social components;</p>
<p>* <strong>Media Services</strong> for the radio, media, digital, mobile and music industries, including Total Traffic Network, a groundbreaking programming and technology service delivering real-time traffic data to vehicles via in-car and portable navigation systems, broadcast media, wireless and Internet-based services; The Katz Media Group, the leading media representation firm in the US for radio and television stations; and RCS, which provides scheduling and broadcast software for radio, internet and television station in addition to research studies that aid the media and music businesses.</p>
<p><strong>Clear Channel Outdoor Holdings</strong>, which is one of the world&#8217;s largest outdoor advertising companies with close to one million displays in over 40 countries across five continents. Clear Channel Outdoor includes:</p>
<p>* <strong>Americas Outdoor Advertising</strong>, which owns or operates nearly 190,000 displays across the United States, Canada and Latin America including operations in 49 of the 50 largest markets in the United States.  The Americas businessconsist of various types of displays that include billboards; street furniture; transit displays; the Clear Channel Airports division, which is the premier innovator of contemporary display concepts and currently operates more than 260 airport programs across the globe; mall displays; wallscapes; and spectaculars including Spectacolor, a market leader in spectacular sign displays, with displays located in New York&#8217;s Times Square. The Company has been a leader in the development and operation of digital displays and networks across many of its U.S. markets. </p>
<p>* <strong>International Outdoor Advertising</strong> operates across Asia, Australia and Europe with displays across nearly 30 countries. The International business consists of street furniture and transit displays, billboards, mall displays, wallscapes and spectaculars. Clear Channel International&#8217;s street furniture division operates over 3,500 municipal advertising contracts worldwide. </p>
<p>Pittman will also remain a member of Pilot Group, LLC, a New York-based private investment firm.</p>
<p>&#8220;On behalf of the Board of Directors, I want to express how delighted I am that Bob has accepted this position,&#8221; said Mark Mays, Chairman of Clear Channel Media Holdings. &#8220;He has been an invaluable contributor to Clear Channel Radio since last November, and he is the perfect person to take Clear Channel to the next level. I look forward to his leadership of our company.&#8221;</p>
<p>&#8220;Bob Pittman brings a long history as a brilliant innovator and brand builder &#8212; from his days as a very successful radio programmer, creator of MTV and CEO of MTV Networks to his work helping to drive the phenomenal growth of AOL and his successful investments in other digital, media and technology companies. He has already generated a renewed sense of confidence and direction not only at Clear Channel, but across the entire radio and media landscape,&#8221; said Scott Sperling, Co-President of THL Partners. </p>
<p>&#8220;I&#8217;m thrilled we were able recruit Bob into the CEO role at Clear Channel. He is the perfect fit to lead this incredibly powerful media platform. He embraces creativity, and has given employees the motivation and freedom to innovate, take risks and succeed,&#8221; said John Connaughton, Managing Director of Bain Capital. &#8220;He thinks big, is not afraid of change and is intensely focused on driving new businesses, expanding our creative talent and maximizing the full value of Clear Channel’s extraordinary assets, ideas and people.&#8221;</p>
<p>Pittman&#8217;s appointment comes on the heels of several industry-leading achievements by Clear Channel Radio this past year. In March, the company acquired digital music company Thumbplay for its state-of-the-art technologies as well as its technology and product teams. Last week, Clear Channel hosted the iHeartRadio Music Festival, the largest live concert event in radio history, which marked the official launch of the New iHeartRadio, which combines more than 850 of the nation’s most popular live broadcast and digital-only radio stations from 150 cities with user-created Custom Stations. iHeartRadio was one of the few highlighted new products at Facebook&#8217;s f8 conference on September 22nd, where it was recognized for its technology and cutting-edge social integration.</p>
<p>Additionally, Clear Channel has demonstrated its unique national promotional capabilities through significant relationships with record labels and social media leaders, and forging relationships with partners like Microsoft, Facebook, Zynga, Toyota and HP that reach further and deeper than advertising. </p>
<p>&#8220;Over the past year, I&#8217;ve had the unique opportunity to look at the Clear Channel people and assets up close and have found myself increasingly drawn to the company, to the point where the chance to get even more deeply involved has just become irresistible,&#8221; said Pittman. &#8220;I know first-hand that we have great people and the assets that allow them to do great things. We are so much more than just transmitters and broadcast towers &#8212; we leverage our local brands, personalities, strategic relationships and programming expertise to create unique experiences that forge real connections with consumers across our multiple platforms.&#8221;</p>
<p>Pittman continued, &#8220;I look forward to continuing to work closely with John Hogan and the Clear Channel Radio team to grow our company as we strengthen relationships with our consumers, advertisers, artists, labels and partners, nationally and locally &#8212; and I&#8217;m excited by the opportunity to work with Ron Cooper and William Eccleshare to help them make the most of our outdoor advertising potential by tapping into Clear Channel’s assets as a whole. I believe we have the technologies, the physical infrastructure, the content and, most importantly, the people to market to consumers better than any other media company in the world.&#8221;</p></blockquote>
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		<title>Google Calls Justice Department Second Request on Motorola Deal "Pretty Routine" (If Four Percent Is Routine)</title>
		<link>http://allthingsd.com/20110929/google-calls-justice-department-2nd-request-on-motorola-deal-pretty-routine-if-four-percent-is-routine/</link>
		<comments>http://allthingsd.com/20110929/google-calls-justice-department-2nd-request-on-motorola-deal-pretty-routine-if-four-percent-is-routine/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 11:31:53 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=126341</guid>
		<description><![CDATA[The acquisitive search giant plays the odds again in Washington, D.C., with handset purchase.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><a href="http://allthingsd.com/20110929/google-calls-justice-department-2nd-request-on-motorola-deal-pretty-routine-if-four-percent-is-routine/310bxa8erul/" rel="attachment wp-att-126345"><img src="http://allthingsd.com/files/2011/09/310bxa8ErUL.png" alt="" title="310bxa8ErUL" width="300" height="300" class="alignright size-full wp-image-126345" /></a></p>
<p>Think about the <a href="http://allthingsd.com/20110831/doj-seeks-to-block-att-t-mobile-merger/">federal government&#8217;s blocking of the $39 billion AT&#038;T and T-Mobile merger</a> and you might want to reread Google&#8217;s blog today, penned in reaction to the news that the Justice Department is <a href="http://allthingsd.com/20110928/feds-taking-close-look-at-google-motorola-deal/">making a second request</a> for information about its $12.5 billion acquisition of Motorola Mobility.</p>
<p>&#8220;This is pretty routine,&#8221; wrote Google&#8217;s Motorola integration exec <a href="http://allthingsd.com/20110924/googles-woodside-to-lead-motorola-mobility-integration/">Dennis Woodside</a>. &#8220;We&#8217;ve gotten these kind of requests before.&#8221;</p>
<p>Maybe Google has (and it has with other purchases) &#8212; but in actuality, only four percent of transactions got such a follow-up request from regulators.</p>
<p>To be fair, it is much more common in high-profile, big-money deals like this one, but it means a longer closing period and more uncertainty around the Android mobile ecosystem until it&#8217;s done. </p>
<p>Still, Google has good reason to be patient. Despite tough criticism and brutal lobbying, it won approval from Justice for its $700 million deal to <a href="http://allthingsd.com/20110413/google-ita-software-acquisition-now-complete/">buy flight data service ITA Software</a> in April, after nine months of scrutiny and a number of conditions imposed.</p>
<p>And the search giant waited out an intense six-month Federal Trade Commission approval process last year for its $750 million acquisition of <a href="http://allthingsd.com/20100521/ftc-gives-google-admob-deal-green-light-a-big-bouquet-of-flowers-sent-to-apple/">mobile advertising start-up AdMob</a>. It had an even harder time with the FTC&#8217;s nod of its 2007 <a href="http://allthingsd.com/20070502/microsoft-247/">DoubleClick purchase</a> for $3.1 billion.</p>
<p>One that it lost &#8212; an <a href="http://allthingsd.com/20080410/microhoo-jesus-is-coming-look-busy/">obvious bridge too far</a> that I dubbed <a href="http://allthingsd.com/20081105/google-dumps-yahoo-which-should-come-as-a-shock-only-to-yahoo/">Yahoogle</a> &#8212; was Google&#8217;s 2008 effort to meld a troubling partnership with Yahoo in search advertising.</p>
<p>So, we&#8217;ll see soon enough which way D.C. &#8212; which just had Google Executive Chairman Eric Schmidt up to the <a href="http://allthingsd.com/20110921/liveblogging-googles-schmidt-at-senate-antitrust-hearing/">Senate for an antitrust hearing chit-chat</a> &#8212; will go.</p>
<p>Until then, here&#8217;s Woodside&#8217;s <a href="http://googlepublicpolicy.blogspot.com/2011/09/update-on-our-motorola-acquisition.html">whole blog</a>:</p>
<blockquote class="memo"><p><strong>An update on our Motorola acquisition</strong></p>
<p>Wednesday, September 28, 2011 at 5:30 PM ET</p>
<p>Posted by Dennis Woodside, SVP Google </p>
<p>Since we announced our plans to acquire Motorola Mobility, we&#8217;ve been excited about the positive reaction to the proposed deal &#8212; particularly from our partners who have told us that they&#8217;re enthusiastic about our defense of the Android ecosystem.</p>
<p>And as David Drummond said when we announced our plans in August, we&#8217;re confident that this deal will be approved. We believe very strongly this is a pro-competitive transaction that is good for Motorola Mobility, good for consumers, and good for our partners. </p>
<p>That said, we know that close scrutiny is part of the process and we&#8217;ve been talking to the U.S. Department of Justice over the past few weeks. Today we received what is called a &#8220;second request,&#8221; which means that the DOJ is asking for more information so that they can continue to review the deal. (This is pretty routine; we&#8217;ve gotten these kind of requests before.)</p>
<p>While this means we won&#8217;t be closing right away, we&#8217;re confident that the DOJ will conclude that the rapidly growing mobile ecosystem will remain highly competitive after this deal closes. We&#8217;ll be working closely and cooperatively with them as they continue their review.</p></blockquote>
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		<title>My Picks for Yahoo's Next CEO -- Maybe Snoop Dogg, Ya Digg?</title>
		<link>http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/</link>
		<comments>http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/#comments</comments>
		<pubDate>Wed, 07 Sep 2011 14:00:32 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=117602</guid>
		<description><![CDATA[While the Yahoo board has yet to begin a search, I have already been hard at work on selecting the next CEO.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/dogg-copy/" rel="attachment wp-att-117788"><img src="http://allthingsd.com/files/2011/09/dogg-copy.png" alt="" title="dogg copy" width="518" height="227" class="aligncenter size-full wp-image-117788" /></a></p>
<p>The firing of Yahoo CEO Carol Bartz leaves open one of the bigger and more difficult jobs in tech &#8212; one that has taken its toll on many.</p>
<p>Nonetheless, rapper Snoop Dogg stepped right up to the Twitter plate yesterday, as soon as news broke of the ouster.</p>
<p><a href="https://twitter.com/#!/SnoopDogg/statuses/111223802049990656">Tweeted Snoop Dogg</a>:</p>
<p>&#8220;Im takn over as tha CEO of Yahoo. Need sum of tha Snoop Dogg content ya digg. Nuff Said.&#8221;</p>
<p>Not nearly <em>nuff</em>!</p>
<p>Thus, while the Yahoo board has yet to begin a search, I have already been hard at work on selecting the next CEO. </p>
<p>(Last time, the company took <a href="http://allthingsd.com/20081118/yahoos-peter-chernin-principle-and-other-ceo-choices/">none of my suggestions</a>, but after the most recent result, the directors might want to pay mind!)</p>
<p>Sources said Yahoo is looking for an experienced Internet type, either from inside or outside the company.</p>
<p>&#8220;Yahoo has put its flag in the ground as a digital media company with a technology base,&#8221; said one source. &#8220;The job requires big buckets of expertise and needs someone who will grow the company.&#8221;</p>
<p>Here I go with the outsiders:</p>
<p><a href="http://kara.allthingsd.com/files/2010/11/051208103823NewsCorpPeterChernin.jpeg"><img src="http://kara.allthingsd.com/files/2010/11/051208103823NewsCorpPeterChernin.jpeg" alt="" title="051208103823NewsCorpPeterChernin" width="150" height="140" class="alignright size-full wp-image-37242" /></a></p>
<p><strong>Peter Chernin:</strong> The former News Corp. exec has been eyeing Yahoo for a possible takeover with other investors. Both Yahoo and I had <a href="http://allthingsd.com/20101117/enter-the-chernin-former-news-corp-president-and-coo-in-yahoo-what-if-mix/">picked him</a> when co-founder Jerry Yang stepped down as CEO almost three years ago, and he had declined the offer. This time, perhaps a big chunk of the company and total autonomy would work, even if making a hit like &#8220;Rise of the Planet of the Apes&#8221; is more fun.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/sheryl-sandberg-3/" rel="attachment wp-att-117854"><img src="http://allthingsd.com/files/2011/09/sheryl-sandberg-150x150.png" alt="" title="sheryl-sandberg" width="150" height="150" class="alignleft size-thumbnail wp-image-117854" /></a></p>
<p><strong>Sheryl Sandberg:</strong> The COO of Facebook is sort of the anti-Bartz, with a smooth and efficient persona, and she is an experienced tech exec. But the former Google exec is at a place of growth at the social networking site, and is unlikely to want to leave the big show, especially since a blockbuster IPO is looming.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/jason-kilar-o/" rel="attachment wp-att-117855"><img src="http://allthingsd.com/files/2011/09/jason-kilar-o-150x150.png" alt="" title="jason-kilar-o" width="150" height="150" class="alignright size-thumbnail wp-image-117855" /></a></p>
<p><strong>Jason Kilar:</strong> The Hulu CEO is in the midst of the process of selling the premium video service, with Yahoo as a bidder. While he has some tense relations with the studios, Kilar is top notch in his dedication to consumer products, and has a lot of experience from his stint at Amazon, too. </p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/dan_rosensweig/" rel="attachment wp-att-117856"><img src="http://allthingsd.com/files/2011/09/dan_rosensweig-150x150.png" alt="" title="dan_rosensweig" width="150" height="150" class="alignleft size-thumbnail wp-image-117856" /></a></p>
<p><strong>Dan Rosensweig:</strong> Currently CEO of IPO-headed Chegg textbook rental service, the former Yahoo exec never got a chance to run the company as its top leader. Well-connected and still well-liked by the troops at Yahoo, it still would be pretty hard for him to go home again.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/1008506_dave_goldberg/" rel="attachment wp-att-117857"><img src="http://allthingsd.com/files/2011/09/1008506_Dave_Goldberg-138x150.png" alt="" title="1008506_Dave_Goldberg" width="138" height="150" class="alignright size-thumbnail wp-image-117857" /></a></p>
<p><strong>Dave Goldberg:</strong> Sure, he&#8217;s married to Sandberg (see above), but the savvy CEO of polling phenom SurveyMonkey is one of the sharpest thinkers in Silicon Valley. He sold his music company to Yahoo many years ago and has a strong background in consumer online services.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/jonmiller1_0/" rel="attachment wp-att-117858"><img src="http://allthingsd.com/files/2011/09/jonmiller1_0-150x150.png" alt="" title="jonmiller1_0" width="150" height="150" class="alignleft size-thumbnail wp-image-117858" /></a></p>
<p><strong>Jon Miller:</strong> The chief digital exec at News Corp. almost got the CEO spot years ago when Carl Icahn was agitating for change at Yahoo, before Time Warner blocked him via a noncompete. With the mishegas at the media giant, and dwindling digital businesses there, it might be a good escape hatch for Miller.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/susan_wojcicki-300x247/" rel="attachment wp-att-117859"><img src="http://allthingsd.com/files/2011/09/Susan_Wojcicki-300x247-150x150.png" alt="" title="Susan_Wojcicki-300x247" width="150" height="150" class="alignright size-thumbnail wp-image-117859" /></a></p>
<p><strong>Susan Wojcicki:</strong> The accomplished Google exec, who runs all its ad products, has the kind of calm, cool, collected persona that Yahoo could use right about now. The search giant was founded in her garage, and she has been a key part of its success since then. Wojcicki is also an understated class act in hey-look-at-me Silicon Valley.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/toddbradley/" rel="attachment wp-att-117860"><img src="http://allthingsd.com/files/2011/09/toddBradley-150x150.png" alt="" title="toddBradley" width="150" height="150" class="alignleft size-thumbnail wp-image-117860" /></a></p>
<p><strong>Todd Bradley:</strong> The Hewlett-Packard exec just got blindsided when the company kicked webOS to the curb. While he is in line to run a possible spinoff of the device business, Bradley might also want to jump out of the frying pan into the fire.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/mike-mccue-2/" rel="attachment wp-att-117861"><img src="http://allthingsd.com/files/2011/09/mike-mccue-150x150.png" alt="" title="mike-mccue" width="150" height="150" class="alignright size-thumbnail wp-image-117861" /></a></p>
<p><strong>Mike McCue:</strong> The CEO of Flipboard would certainly energize Yahoo with his intense focus on quality and consumer delight. The news app start-up could be a good addition to Yahoo, and McCue, the former Netscape and Microsoft exec who is well-liked in the Internet scene, would be, too.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/joanne-bradford2-lt/" rel="attachment wp-att-117862"><img src="http://allthingsd.com/files/2011/09/joanne-bradford2-lt-150x150.png" alt="" title="joanne-bradford2-lt" width="150" height="150" class="alignleft size-thumbnail wp-image-117862" /></a></p>
<p><strong>Joanne Bradford:</strong> The former Yahoo advertising head bolted Bartz&#8217;s regime early on to run revenue for Demand Media. Well-liked in the ad business, she also knows where all the bodies are buried at Yahoo. Since ads and media are key at the company, she&#8217;d make an interesting choice.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/mehdi-1/" rel="attachment wp-att-117863"><img src="http://allthingsd.com/files/2011/09/mehdi-1-150x150.png" alt="" title="mehdi-1" width="150" height="150" class="alignright size-thumbnail wp-image-117863" /></a></p>
<p><strong>Yusuf Mehdi:</strong> The Microsoft online exec would also be a left-field candidate to run Yahoo, given his even-keeled personality and longtime experience in the sector. And, though pricey, Mehdi&#8217;s impact on Bing search has been important. But he&#8217;s also been involved in the software giant&#8217;s lackluster ad and search partnership and still has not turned around the situation at MSN.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/kevin-johnson11-low/" rel="attachment wp-att-117864"><img src="http://allthingsd.com/files/2011/09/kevin-johnson11-low-150x150.png" alt="" title="kevin-johnson11-low" width="150" height="150" class="alignleft size-thumbnail wp-image-117864" /></a> </p>
<p><strong>Kevin Johnson:</strong> The former Microsoft exec and current CEO of Juniper was once slated to be the CEO of Yahoo, had Microsoft managed to win the company in its hostile takeover attempt. In fact, Johnson was the architect of the idea of Yahoo running the media and Microsoft running the tech.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/37867v2-max-250x250/" rel="attachment wp-att-117865"><img src="http://allthingsd.com/files/2011/09/37867v2-max-250x250-150x150.png" alt="" title="37867v2-max-250x250" width="150" height="150" class="alignright size-thumbnail wp-image-117865" /></a></p>
<p><strong>Tim Armstrong:</strong> Well, he might have been a good candidate before the downward slide of AOL and a recent series of questionable judgments. If Armstrong can&#8217;t keep a loud tech blogger in line, it&#8217;s not clear he can wrangle the Yahoo beast.</p>
<p>And here&#8217;s the insider scoop:</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/yahoo__ross_levinsohn-thmb-2/" rel="attachment wp-att-117866"><img src="http://allthingsd.com/files/2011/09/Yahoo__Ross_Levinsohn-thmb-150x150.png" alt="" title="Yahoo__Ross_Levinsohn-thmb" width="150" height="150" class="alignleft size-thumbnail wp-image-117866" /></a></p>
<p><strong>Ross Levinsohn:</strong> The former News Corp. exec is running the Americas for Yahoo, which puts him in charge of the company&#8217;s key businesses. But he&#8217;s still struggling to turn the ad business around, and how well he does that could be a major determinant of his success. But <em>fantastic</em> hair!</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/500-blake-irving/" rel="attachment wp-att-117867"><img src="http://allthingsd.com/files/2011/09/500-blake-irving-150x150.png" alt="" title="500-blake-irving" width="150" height="150" class="alignright size-thumbnail wp-image-117867" /></a></p>
<p><strong>Blake Irving:</strong> The former Microsoft exec has an amiable nature and is well-liked at Yahoo, but he still needs to show that the company can ship some innovative products, and quickly. Like Livestand, the news reader, which is muchly late.</p>
<p><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/davidkenny315309280/" rel="attachment wp-att-117868"><img src="http://allthingsd.com/files/2011/09/DavidKenny315309280-150x150.png" alt="" title="DavidKenny315309*280" width="150" height="150" class="alignleft size-thumbnail wp-image-117868" /></a></p>
<p><strong>David Kenny:</strong> The Yahoo board member is now president of Akamai, which might preclude him from the job. But the well-regarded exec &#8212; he&#8217;s a snazzy dresser, too &#8212; ran one of the Internet&#8217;s top digital ad agencies and now has tech chops from the content delivery network.</p>
<p>Memo to Yahoo board: I have a million more ideas, from former Viacom exec Tom Freston to former Yahoo board member Eric Hippeau. Or why not bring back a passel of former Yahoos to advise, such as former CEO Terry Semel or former president Sue Decker?</p>
<p>Or Oprah! I hear Winfrey will be in Silicon Valley later this week, and she has a lot more free time now. </p>
<p>Like Snoop Dogg, she would <a href="http://www.urbandictionary.com/define.php?term=fo%20shizzle"><em>fo shizzle</em></a> be the bomb to cover.</p>
<p><h4 class="subhed">Related posts</h4>
<ul>
<li><a href="http://allthingsd.com/20110906/as-yahoo-continues-to-wobble-investors-and-board-eye-options/">As Yahoo Continues to Wobble, Investors (And Board) Eye Options</a></li>
<li><a href="http://allthingsd.com/20110906/exclusive-carol-bartz-out-at-yahoo-cfo-interim-ceo/">Exclusive: Carol Bartz Out at Yahoo; CFO Tim Morse Named Interim CEO</a></li>
<li><a href="http://allthingsd.com/20110906/carol-bartzs-last-f-you-now-aimed-at-yahoo/">Carol Bartz’s Last F%*&#038; You — Now Aimed at Yahoo Board</a></li>
<li><a href="http://allthingsd.com/20110906/yahoos-statement-on-bartz-ouster/">Yahoo’s Statement on Bartz Ouster</a></li>
<li><a href="http://allthingsd.com/20110906/wall-street-likes-bartzs-firing-yahoo-stock-spikes-on-news/">Wall Street Likes Bartz’s Firing — Yahoo Stock Spikes on News</a></li>
<li><a href="http://allthingsd.com/20110907/yahoos-next-ceo-maybe-snoop-dogg-ya-digg/">My Picks for Yahoo’s Next CEO — Maybe Snoop Dogg, Ya Digg?</a></li>
</ul>
</p>
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		<title>More AsiaD Speakers: Sony, Google+, Microsoft, Hollywood, Huawei and Hot SV Start-Ups!</title>
		<link>http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/</link>
		<comments>http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/#comments</comments>
		<pubDate>Wed, 10 Aug 2011 00:00:33 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=107055</guid>
		<description><![CDATA[Here's the latest list of speakers for the upcoming AsiaD conference, which will take place October 19 to 21 in Hong Kong.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/asiad-logo-380x126-3/" rel="attachment wp-att-107077"><img src="http://allthingsd.com/files/2011/08/AsiaD-logo-380x126.png" alt="" title="AsiaD-logo-380x126" width="380" height="126" class="alignright size-full wp-image-107077" /></a></p>
<p>After our grand tour of Asia last week &#8212; with stops in <a href="http://allthingsd.com/20110803/asiad-adventures-walt-and-kara-in-seoul-video/">Korea</a> and <a href="http://allthingsd.com/20110806/asiad-adventures-japan-edition-walt-and-kara-visit-digital-tokyo-video/">Japan</a> &#8212; it seems like a perfect time to update the speaker list for our upcoming <a href="http://allthingsd.com/conferences/asiad/about/"><strong>AsiaD</strong></a> conference in Hong Kong in October.</p>
<p>As Walt Mossberg and I said, we are trying to mix both U.S.-based speakers with a pan-Asian selection of speakers from across the region, and the new additions are just that.</p>
<p>For the international confab &#8212; this one will be held Oct. 19-21 &#8212; we&#8217;ve already <a href="http://allthingsd.com/20110711/and-so-the-asiad-speakers-begin-google-alibaba-twitter-asus-nvidia-and-more-to-come/?refcat=asiad">announced</a> a great lineup, including Alibaba&#8217;s <strong>Jack Ma</strong>; Google Android head <strong>Andy Rubin</strong>; Twitter inventor and product guru, as well as Square co-founder and CEO, <strong>Jack Dorsey</strong>; Nvidia founder and CEO <strong>Jen-Hsun Huang</strong>; and Asus Chairman <strong>Jonny Shih</strong>. </p>
<p>Now, to add to that terrific lineup:</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-39/" rel="attachment wp-att-107102"><img src="http://allthingsd.com/files/2011/08/imgres6-150x150.png" alt="" title="imgres" width="150" height="150" class="alignleft size-thumbnail wp-image-107102" /></a></p>
<p><strong>Kazuo &#8220;Kaz&#8221; Hirai</strong> is widely considered the <a href="http://allthingsd.com/20110310/sony-picks-possible-heir-to-stringer-in-realignment/">second in command at the consumer electronics giant Sony</a>, in charge of its key computer entertainment division, as well as now serving as executive deputy president of the whole company. In that role, the dynamic exec is at the nexus of the Japanese company&#8217;s efforts around tablets, smartphones, gaming and more. As Sony struggles to reassert its dominance over the arena, Hirai will be a key player in that effort.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-2-10/" rel="attachment wp-att-107106"><img src="http://allthingsd.com/files/2011/08/imgres-2-150x150.png" alt="" title="imgres-2" width="150" height="150" class="alignright size-thumbnail wp-image-107106" /></a></p>
<p><strong>Bradley Horowitz</strong> &#8212; as head of <a href="http://allthingsd.com/20110705/google-exec-is-now-really-plus-one/">product management for Google+</a>, the search giant&#8217;s aggressive effort to break Facebook&#8217;s hammerlock on social networking &#8212; has a perfect perspective to talk about the fast-growing area and where it is going globally. With locally-based social companies springing up all over Asia, can Google establish one the whole world will use? It&#8217;s an important question and Horowitz&#8217;s job No. 1.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/lees_web/" rel="attachment wp-att-107413"><img src="http://allthingsd.com/files/2011/08/lees_web-150x150.png" alt="" title="lees_web" width="150" height="150" class="alignleft size-thumbnail wp-image-107413" /></a></p>
<p>At Microsoft, <strong>Andy Lees</strong> is leading one of the software giant&#8217;s most important initiatives, as president of its <a href="http://allthingsd.com/20110421/exclusive-microsofts-lees-and-nokias-oistamo-talk-about-the-final-contract-they-just-signed/">Windows Phone division</a>. His come-from-behind job includes mobile software and hardware, as well as its key partnership with Nokia. With Apple&#8217;s iPhone and Google&#8217;s Android far in the lead, Lees will need to win in markets globally, especially in Asia.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-5-2/" rel="attachment wp-att-107113"><img src="http://allthingsd.com/files/2011/08/imgres-5.png" alt="" title="imgres-5" width="120" height="112" class="alignright size-full wp-image-107113" /></a></p>
<p><strong>Peter Chernin</strong> is one of Hollywood&#8217;s top players and execs. The <a href="http://allthingsd.com/20090224/peter-chernin-unplugged-just-for-now-methinks-the-entire-d5-interview/">former top News Corp. exec</a> is now a movie producer &#8212; his first effort, &#8220;Rise of the Planet of the Apes,&#8221; is a big hit. But he&#8217;s also been increasingly active in media investing in Asia of late, and has a lot to say about the global nature of entertainment in the digital age.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-1-20/" rel="attachment wp-att-107155"><img src="http://allthingsd.com/files/2011/08/imgres-12-150x150.png" alt="" title="imgres-1" width="150" height="150" class="alignleft size-thumbnail wp-image-107155" /></a></p>
<p><strong>John Roese</strong> heads the North American R&#038;D team for Huawei, the Chinese telecom giant making everything from heavy-duty gear for networks to mobile phones and tablets. The <a href="http://allthingsd.com/20081110/nortel/">former CTO of Nortel</a>, he&#8217;s heading up global development of Huawei&#8217;s cloud services for both businesses and consumers. Roese will also talk about the phenomenon of a Chinese-owned company emerging on the world technology stage.</p>
<p>Even in the midst of an economic downturn, there is no denying that it has been a golden time for Silicon Valley start-ups, which have enjoyed unprecedented growth and funding in the Web 2.0 era. But as they seek to expand beyond the U.S., a critical move for them all, we&#8217;ve assembled a panel of entrepreneurs to discuss it, including:</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/brian/" rel="attachment wp-att-107156"><img src="http://allthingsd.com/files/2011/08/brian.png" alt="" title="brian" width="125" height="125" class="alignright size-full wp-image-107156" /></a></p>
<p><strong>Brian Chesky</strong> is the CEO and co-founder of Airbnb, the <a href="http://allthingsd.com/20101122/socializing-vacation-rentals-the-airbnb-guys-speak/">popular online vacation rental site</a> that recently got a <a href="http://allthingsd.com/20110724/airbnb-raises-112-million-for-vacation-rental-business/">huge dose of funding</a> and an equally large amount of <a href="http://allthingsd.com/20110801/airbnb-apologizes-and-offers-50000-guarantee-in-hopes-of-defusing-security-concerns/">controversy</a>. How Airbnb can take the company to the next level, including across the world, while dealing with the kinds of challenges the small management team has to face, will be an interesting topic for discussion.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-3-4/" rel="attachment wp-att-107157"><img src="http://allthingsd.com/files/2011/08/imgres-3-150x150.png" alt="" title="imgres-3" width="150" height="150" class="alignleft size-thumbnail wp-image-107157" /></a></p>
<p>After stints as president of Asia Pacific and Latin America operations at Google and co-founder of the online personal finance company Yodlee, <strong>Sukhinder Singh Cassidy</strong> is trying her hand at a small start-up again. She&#8217;ll talk about how the <a href="http://allthingsd.com/20110801/premium-video-commerce-site-joyus-headed-by-top-ex-googler-gets-7-9-million-in-funding/">recently funded Joyus</a>, a new premium video commerce site trying to pioneer a new way to shop online, plans to expand globally.</p>
<p><a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/imgres-40/" rel="attachment wp-att-107424"><img src="http://allthingsd.com/files/2011/08/imgres7-150x150.png" alt="" title="imgres" width="150" height="150" class="alignright size-thumbnail wp-image-107424" /></a></p>
<p>Finally, longtime tech exec <strong>David Goldberg</strong> is now running one of tech&#8217;s most successful start-ups at SurveyMonkey, the <a href="http://allthingsd.com/20090817/surveymonkeys-dave-goldberg-speaks-plus-a-tour-of-his-new-planet-of-the-apes-lair-in-silicon-valley/">dominant online survey company</a>. With stints as founder of music site Launch Media, which was bought by Yahoo, and as an Entrepreneur in Residence with Benchmark Capital, he is the perfect person to explain what it&#8217;s like being an entrepreneur today in Silicon Valley.</p>
<p>We have even more speakers  for AsiaD we&#8217;ll be announcing in the coming weeks, so get ready for what&#8217;s next.</p>
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		<title>Demand Media Q2 Call Liveblog: Spam-a-Not</title>
		<link>http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/</link>
		<comments>http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/#comments</comments>
		<pubDate>Tue, 09 Aug 2011 21:20:00 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=107797</guid>
		<description><![CDATA[Rachael Ray might dole out spam recipes on Demand Media, but the company said on its Q2 conference call that its business was not hurt by the spam-killers of Google.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/imgres-42/" rel="attachment wp-att-107812"><img src="http://allthingsd.com/files/2011/08/imgres9.png" alt="" title="imgres" width="98" height="99" class="alignright size-full wp-image-107812" /></a></p>
<p>Today, Demand Media <a href="http://allthingsd.com/20110809/demand-media-beats-expectations-for-q2/">beat Wall Street expectations</a> in its second-quarter earning, growing revenue and lessening losses.</p>
<p>The Santa Monica, Calif., online content maker also announced that it had re-upped and expanded its advertising partnership with Google and also bought two start-ups in social media and advertising.</p>
<p>Now, it&#8217;s time for the inevitable conference call to explain it all to Wall Street analysts and the media. </p>
<p><strong>2:02 pm PT:</strong> The call starts off with an unusually jaunty CEO Richard Rosenblatt, who quickly got to the real deal: Exactly how badly did Google&#8217;s changes to its search algorithm, under a program code-named Panda, hurt Demand&#8217;s content business?</p>
<p>Not much, says Rosenblatt, who reels off a list of things the company has done to improve its offerings, which have been dinged by many as, well, spam. </p>
<p><a href="http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/www-rachaelrayshow/" rel="attachment wp-att-107859"><img src="http://allthingsd.com/files/2011/08/www.rachaelrayshow.png" alt="" title="www.rachaelrayshow" width="210" height="230" class="alignleft size-full wp-image-107859" /></a></p>
<p>Rosenblatt was not having any of that, talking about removing 300,000 pieces of crappy content and also &#8220;quality improvements&#8221; with partners such as cheerily demented cooking goddess Rachael Ray. She might cook with spam &#8212; <a href="http://www.rachaelraymag.com/Recipes/rachael-ray-magazine-recipe-search/dinner-recipes/spam-hawaiian">here is a delightful Spam Hawaiian recipe</a> &#8212; but she <em>ain&#8217;t</em> spam!</p>
<p><strong>2:13 pm:</strong> Now it is on to the acquisition of IndieClick. Essentially: It&#8217;s for the young people.</p>
<p>Then, international. Latin America Demand editorial via eHow en español! (Actually, the acquisition of Emergincast.com, an Argentine start-up. Coming soon to a blog site near you: ¿Cómo se hierve el agua?</p>
<p>Last, social media. Demand will be doing a lot more of it, like everyone else in the world, including more recommendations. I would really like it if some Internet company said it was going anti-social.</p>
<p><a href="http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/imgres-43/" rel="attachment wp-att-107862"><img src="http://allthingsd.com/files/2011/08/imgres10.png" alt="" title="imgres" width="259" height="194" class="alignright size-full wp-image-107862" /></a></p>
<p><strong>2:18 pm:</strong> The finance guy comes on, covering everything already in the press releases. Which is why I am cutting out here and getting a gluten-free doughnut at the Whole Foods store where I am writing this post.</p>
<p>It is as delicious as you might imagine a gluten-free doughnut can be. Which is to say: Not very!</p>
<p><strong>2:32 pm:</strong> Q&#038;A time from the Wall Street dudes &#8212; and, let it be said, they are all dudes. </p>
<p>The first question is about the &#8220;cleansing&#8221; of its cruddy content and if it is all flushed out. </p>
<p>It might be baked-on sludge, but Rosenblatt assures that Demand has it all figured out.</p>
<p>Then, a query about international and how the company decides what to pick. Algo, of course! And local content writers.</p>
<p>Back to the spam content: Does the need to have better content mean less of it? Kind of, since there is a lot more video. But still a lot of content churning out of Demand!</p>
<p><a href="http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/imgres-1-21/" rel="attachment wp-att-107866"><img src="http://allthingsd.com/files/2011/08/imgres-13-380x81.png" alt="" title="imgres-1" width="380" height="81" class="alignleft size-medium wp-image-107866" /></a></p>
<p>A question about Facebook and how to program Demand content into it. Good lord, it&#8217;s hyper-poking!</p>
<p>&#8220;It&#8217;s not clear the best way of how you expand into all these properties,&#8221; said Rosenblatt, specifically referring to its acquisition today of both IndieClick and RSS Graffiti.</p>
<p>The next question is how successful Demand is in the display and brand business, and how IndieClick, a premium ad company aimed at niche blogs, will be integrated in. </p>
<p>More on social media advertising&#8217;s future. <em>Aaaghh</em>, this is as obvious as a store-bought-crust apple pie baked by Rachael Ray. </p>
<p><a href="http://allthingsd.com/20110809/liveblogging-the-demand-media-q2-call/imgres-2-11/" rel="attachment wp-att-107871"><img src="http://allthingsd.com/files/2011/08/imgres-21.png" alt="" title="imgres-2" width="188" height="268" class="alignleft size-full wp-image-107871" /></a></p>
<p>Rosenblatt notes that its flagship site, eHow, is but one means of distribution, but Demand content is going all over the place and winging by people when they least expect it.</p>
<p>&#8220;Social is more effective &#8230; to try to find stuff you didn&#8217;t know that you needed,&#8221; says Rosenblatt, who also would not dis search as a means of discovery.</p>
<p>That&#8217;s important, since Google is a major traffic driver and advertising partner, when it is not terrorizing Demand and others with its search algo version of Defence Against the Dark Arts Professor Snape.</p>
<p>And presto, here comes a question about Demand&#8217;s Google ad relationship, which Rosenblatt touts nicely.</p>
<p>Of course he does. It&#8217;s tastier than spam, after all.</p>
]]></content:encoded>
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		<title>Microsoft PR Ninja Strikes Back at Google Patent Whine With Email Jujitsu</title>
		<link>http://allthingsd.com/20110803/microsoft-pr-ninja-strikes-back-at-google-patent-whine-with-email-jujitsu/</link>
		<comments>http://allthingsd.com/20110803/microsoft-pr-ninja-strikes-back-at-google-patent-whine-with-email-jujitsu/#comments</comments>
		<pubDate>Thu, 04 Aug 2011 04:38:59 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<category><![CDATA[Kent Walker]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=106190</guid>
		<description><![CDATA[Google waxes on, so Microsoft waxes off.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110803/microsoft-pr-ninja-strikes-back-at-google-patent-whine-with-email-jujitsu/imgres-1-18/" rel="attachment wp-att-106195"><img src="http://allthingsd.com/files/2011/08/imgres-1.png" alt="" title="imgres-1" width="276" height="182" class="alignright size-full wp-image-106195" /></a></p>
<p>After Google&#8217;s legal head David Drummond let forth with a <a href="http://allthingsd.com/20110803/google-rails-against-anti-android-patent-cabal/">blog post about how Microsoft and Apple had formed an evil patent cabal</a> against the search giant, the software giant&#8217;s PR head Frank Shaw was not having any of it.</p>
<p>In his post, Drummond had claimed the pair ganged up on Google and had not offered to partner over key former Novell patents, in an attempt to stop the growth of its Android mobile operating system.</p>
<p>Except not, according to an email that Shaw posted on Twitter from Google&#8217;s legal counsel Kent Walker to Microsoft&#8217;s legal head Brad Smith.</p>
<p><a href="http://twitter.com/#!/fxshaw/status/98932077327691776/photo/1">Tweeted Shaw</a>: &#8220;Free advice for David Drummond – next time check with Kent Walker before you blog. :)&#8221;</p>
<p>It was followed by the image of the email, in which Walker seemed to turn down an offer of a partnership over the patents. &#8220;After talking with people here, it sounds as though for various reasons a joint bid wouldn&#8217;t be advisable for us on this one.&#8221;</p>
<p>Smith also piled on on Twitter, noting: &#8220;Google says we bought Novell patents to keep them from Google. Really? We asked them to bid jointly with us. They said no.&#8221;</p>
<p>Wax on, Google!</p>
<p>Here&#8217;s the image of the email:</p>
<p><a href="http://allthingsd.com/20110803/microsoft-pr-ninja-strikes-back-at-google-patent-whine-with-email-jujitsu/email/" rel="attachment wp-att-106194"><img src="http://allthingsd.com/files/2011/08/email-640x131.png" alt="" title="email" width="640" height="131" class="aligncenter size-large wp-image-106194" /></a></p>
<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
]]></content:encoded>
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		<title>Liveblogging Microsoft Q4 Earnings: I'm So Excited and I Just Can't Hide It</title>
		<link>http://allthingsd.com/20110721/liveblogging-microsoft-q4-earnings-i-feel-pc-pretty-oh-so-pretty/</link>
		<comments>http://allthingsd.com/20110721/liveblogging-microsoft-q4-earnings-i-feel-pc-pretty-oh-so-pretty/#comments</comments>
		<pubDate>Thu, 21 Jul 2011 21:49:38 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=101454</guid>
		<description><![CDATA[Microsoft had a solid fourth quarter, which is why the conference call with Wall Street analysts should be relatively short and sweet.

Or sweet, at least.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110721/liveblogging-microsoft-q4-earnings-i-feel-pc-pretty-oh-so-pretty/imgres-27/" rel="attachment wp-att-101507"><img src="http://allthingsd.com/files/2011/07/imgres8.png" alt="" title="imgres" width="225" height="225" class="alignright size-full wp-image-101507" /></a></p>
<p>Microsoft had a <a href="http://allthingsd.com/20110721/microsoft-beats-earnings-expectations/">solid fourth quarter</a>, which is why the conference call with Wall Street analysts should be relatively short and sweet.</p>
<p>Or sweet, at least.</p>
<p>Microsoft reported beat expectations on profits that rose 30 percent, as well as on revenue. Of particular note were its Office, Entertainment and Devices and Servers and Tools units. Even the revenue at its perpetually money-sucking Online Services division was up 17 percent.</p>
<p>(You can see <a href="http://allthingsd.com/20110721/the-anti-nokia-yahoo-charts-the-microsoft-shoots-scores-in-q4-data/">Microsoft&#8217;s charts and other data here</a>, if you <em>really</em> want more.)</p>
<p>Here&#8217;s a liveblog of the call:</p>
<p><strong>2:31 pm PT:</strong> Well, Microsoft investor relations dude-in-chief Bill Koefoed sounds unusually jaunty in his greeting.</p>
<p>And why not? The results are good for Microsoft, even a little giddy, with a lot of impressive numbers and solid launches of several products, from Xbox Kinect to Office 365 to Bing, the very pricey but pretty search service.</p>
<p>Next up is CFO Peter Klein, who also sounds like this particular call is a relief. </p>
<p>He talks about the results a bit, most of which are up. </p>
<p>&#8220;In summary, we are pleased,&#8221; says Klein about the quarter and the year. He also notes that he is &#8220;excited.&#8221;</p>
<p>It&#8217;s party time in Redmond!</p>
<p><strong>2:38 pm:</strong> Peppy Bill is back, going through the numbers. Solid!</p>
<p>Klein then moves onto the future and he remains &#8220;excited.&#8221; </p>
<p>Now, it is onto Q&#038;A from the analysts. </p>
<p><a href="http://allthingsd.com/20110721/liveblogging-microsoft-q4-earnings-i-feel-pc-pretty-oh-so-pretty/imgres-28/" rel="attachment wp-att-101531"><img src="http://allthingsd.com/files/2011/07/imgres9.png" alt="" title="imgres" width="225" height="225" class="alignleft size-full wp-image-101531" /></a></p>
<p>This is where I zone out a little and start to wonder if a doughnut is a wise choice for an afternoon tasty treat.</p>
<p>That would make me &#8220;excited.&#8221;</p>
<p>Lots of congrats, which only makes me hungrier. One analyst asks why it was so much stronger than expected.</p>
<p>Klein: The economy has improved, businesses are expanding, peeps love them some cloud.</p>
<p>There is a question about how the troubled Yahoo search partnership is going. Klein promises some improvement by the end of the year.</p>
<p>Still, <em>bummer</em>!</p>
<p>But it is quickly back to happy, with a question about the strength of Xbox and its subscribers.</p>
<p>&#8220;It&#8217;s fantastic,&#8221; says Klein.</p>
<p>Like I said, <em>sweeeeeeet</em>.</p>
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		<title>Who's to Blame for Yahoo's Q2 Revenue Rout? The Line Forms Around Back&#8230;</title>
		<link>http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/</link>
		<comments>http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/#comments</comments>
		<pubDate>Tue, 19 Jul 2011 21:02:54 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=100052</guid>
		<description><![CDATA[What happened to Yahoo revenue? Display sales in the U.S. gets the blame this quarter.

While coming up with a new thing to blame for Q3, Yahoo execs try to explain it all for you.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/images-6/" rel="attachment wp-att-100103"><img src="http://allthingsd.com/files/2011/07/images5.png" alt="" title="images" width="259" height="194" class="alignright size-full wp-image-100103" /></a></p>
<p>Yahoo turned in another <a href="http://allthingsd.com/20110719/yahoo-revenues-down-again-in-2q-and-microsoft-search-deal-gets-blame/">weak performance in the second quarter</a>, with yet another decline in revenue. </p>
<p>This time it was five percent, compared to last quarter&#8217;s six percent. In other words, at least things are looking up as they go down!</p>
<p>While earnings per share rose smartly, Wall Street is still looking for strong sales growth from the Silicon Valley Internet giant, which seems unable to provide it.</p>
<p>Blamed most this time for the revenue fall: Yahoo&#8217;s changes in its display sales operations in the key Americas region, reasons for which were largely unspecified in the initial company press release. (You can see the damage in this <a href="http://allthingsd.com/20110719/not-so-chart-tastic-picture-of-yahoos-2q-display-disaster/">slide deck from the company here</a>.)</p>
<p>Maybe Yahoo CEO Carol Bartz will explain it all in its upcoming conference call with analysts (or she could try the <a href="http://allthingsd.com/20110719/liveblogging-murdoch-son-at-phonegate-hearing-a-lion-in-winter/">I-don&#8217;t-know approach taken by News Corp. CEO Rupert Murdoch</a> in PhoneGate hearings in Britain earlier today!).</p>
<p><strong>2 pm PT:</strong> It starts with the usual regulatory blah-blah, which I always enjoy.</p>
<p>Bartz gets right into it, opening with the key <a href="http://allthingsd.com/20110714/the-good-the-bad-and-the-time-consuming-yahoo-pushes-to-settle-alibaba-dispute-before-earnings-but-dont-hold-your-breath/">problems with China&#8217;s Alibaba Group</a>, as well as its display and search revenue weaknesses.</p>
<p>The fight with Alibaba is over its Alipay payments unit, which was spun out of the Chinese company without Yahoo&#8217;s say-so. Yahoo is a big shareholder.</p>
<p>Bartz says that the company was working on a settlement night and day.</p>
<p>But she quickly gets onto how display did not perform as expected in its key Americas arena. &#8220;Obviously, I am not happy,&#8221; she said.</p>
<p><a href="http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/unknown-2/" rel="attachment wp-att-100200"><img src="http://allthingsd.com/files/2011/07/Unknown1.png" alt="" title="Unknown" width="215" height="234" class="alignleft size-full wp-image-100200" /></a></p>
<p><em>Obvi!</em> Neither are shareholders, Carol.</p>
<p>She says it was not about new competitive development. It was not about the economy. It was not about engagement. </p>
<p>So what <em>was</em> it? Changes in its sales leadership and organization, says Bartz, which has included talent walking out the door in droves.</p>
<p>A lot more than Yahoo expected, but no surprise to anyone who has been paying any attention to the brain drain at the company.</p>
<p>Bartz promises a new approach to sales, part of its endless turnaround, which is beginning to feel like a digital version of &#8220;Waiting for Godot.&#8221;</p>
<p>Search revenue, though, says Bartz, was better than expected.</p>
<p><strong>2:11 pm:</strong> CFO Tim Morse is on now, running through the numbers and the display shortfall in the Americas region. </p>
<p>&#8220;We simply did not have appropriate coverage,&#8221; says Morse, noting consumer products, tech and autos as weak spots in the advertising market.</p>
<p>Thank goodness, then, for the guarantees from search revenue in the Microsoft partnership deal. </p>
<p>More numbers and then it is back to Bartz to talk about search, which is going better than the last quarter, when it was the culprit for the revenue decline.</p>
<p>She says that Microsoft and Yahoo were working together to improve the issues.</p>
<p>&#8220;We&#8217;d like to be further down the road,&#8221; says Bartz about the goal of search revenue per search growth, as well as settling all the other problems, such as the Asian issues. </p>
<p><a href="http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/images-8/" rel="attachment wp-att-100205"><img src="http://allthingsd.com/files/2011/07/images7.png" alt="" title="images" width="223" height="156" class="alignright size-full wp-image-100205" /></a></p>
<p>And, by further, I am presuming she means actual forward movement, which is what roads are actually for.</p>
<p><strong>2:27 pm:</strong> Q&#038;A time, the part of our program where Wall Street analysts do not ask the questions that need asking (and where I win fancy journalism awards for pointing this delta out!).</p>
<p>Therefore, Bartz is first thanked for providing &#8220;color&#8221; about the display disaster and is not asked about more specifics of the disaster itself.</p>
<p>The second question still does not get to it either, but she does note Yahoo&#8217;s sales force has to sell beyond &#8220;Gee, we&#8217;re big&#8221; and come up with better ad solutions.</p>
<p>&#8220;The issue is we did not have enough sales people in front of the big clients,&#8221; says Bartz. </p>
<p>That&#8217;s because all those former Yahoos are now working at Groupon, LivingSocial, Facebook and on down the line and now in front of big clients for those hotter companies.</p>
<p><strong>2:34 pm:</strong> Question about its Asian assets. Yahoo&#8217;s talks with Yahoo! Japan and Alibaba are separate, says Bartz, although I would add that they have non-movement in common. </p>
<p>And also a question about <a href="http://allthingsd.com/20110718/with-yet-another-flat-quarter-expected-does-yahoo-need-a-hail-mary-hulu-acquisition/">Yahoo&#8217;s interest in the acquisition</a> of the Hulu premium online video service.</p>
<p>Bartz winks verbally and says nothing, which translates into: Of course, it is interested.</p>
<p>More on the reasons for the display fall-off, which Bartz makes clear is not due to big competitive threats, but internal issues. </p>
<p>Maybe she&#8217;s saving big competitive threats as the reason for a revenue decline in the third quarter!</p>
<p><a href="http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/unknown-3/" rel="attachment wp-att-100212"><img src="http://allthingsd.com/files/2011/07/Unknown2.png" alt="" title="Unknown" width="194" height="260" class="alignleft size-full wp-image-100212" /></a></p>
<p>I look forward to the quarter I get the finger pointed at me for causing revenue to fall, due to my snarky posts. </p>
<p>Now, we are into softball questions about improvements in engagement. It&#8217;s up, but no one asks why Yahoo is still not doing anything very cutting edge in product innovation compared to competitors.</p>
<p>I believe Google has <a href="http://allthingsd.com/20110715/by-the-numbers-google-the-biggest-social-network-launch-ever/">launched at least 14 new social networks</a> since this Sunday, along with its <a href="http://allthingsd.com/20110714/google-beats-q2-expectations/">strong quarterly performance</a> last week. And Apple, well, <a href="http://allthingsd.com/20110719/monster-earnings-from-apple/">blew away its quarter today</a> as it is about to <a href="http://allthingsd.com/20110714/new-macbook-airs-coming-next-week-not-this-week/">release more cool new stuff</a> later this week.</p>
<p>And that might be the crux of the issue for Yahoo, which might not solve its woes by throwing a more focused sales army at the issue.</p>
<p>That&#8217;s because Yahoo&#8217;s products are simply not nearly has social as Facebook or even Google right now, which might be the true problem as old customers move on to new advertising solutions.</p>
<p>Whatever the reason, Yahoo clearly needs a refresh of its ad products and how it sells them, especially in its fast-growing mobile, video and communications products.</p>
<p>Bartz talks about getting better expertise, a tighter regional focus and other issues of going to market, which is perhaps something she might have realized many, many quarters ago. </p>
<p>After all, she&#8217;s been in charge for a while, and these issues are not new. </p>
<p><a href="http://allthingsd.com/20110719/liveblogging-yahoo-q2-earnings-call-whos-to-blame-for-the-revenue-rout/images-1-3/" rel="attachment wp-att-100213"><img src="http://allthingsd.com/files/2011/07/images-12.png" alt="" title="images-1" width="284" height="177" class="alignright size-full wp-image-100213" /></a></p>
<p>In fact, in an earlier quarter, Bartz was <a href="http://allthingsd.com/20110420/yahoos-focuses-on-tentpole-events-with-new-head/">stressing &#8220;tentpole&#8221; events</a> and anchor media properties and the power of the size of Yahoo as a selling point. </p>
<p>This <a href="http://allthingsd.com/20110419/yahoos-first-quarter-earnings-the-revenue-drought-continues-due-to-search-fall-off/">was in April</a>, in fact, in the <a href="http://allthingsd.com/20110419/liveblogging-yahoos-1q-earnings-call-get-me-to-funky-town/">first quarter of this year</a>.</p>
<p>As I wrote then: </p>
<p>&#8220;CEO Carol Bartz excited was the Silicon Valley Internet giant&#8217;s traffic gusher for big tentpole events such as the Super Bowl and the Oscars. In fact, Bartz practically sounded like a gushy &#8220;Entertainment Tonight&#8221; flunky when talking to Wall Street analysts about Yahoo&#8217;s Oscar news, games and other offerings. She proudly noted the site&#8217;s efforts generated more than a billion pages views.&#8221;</p>
<p>Now big is out! <em>Moving on!</em></p>
<p>The last question is another about Yahoo&#8217;s talks with its Asian partners.</p>
<p>&#8220;It&#8217;s complex,&#8221; says Bartz.</p>
<p>You can say that again.</p>
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