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Is FiLife Running On Borrowed Time?

Mar 19, 2010 11:15 PM ET

Hourglass

Less than two months after talking up the turnaround at Dow Jones-IAC (NSDQ: IACI) personal finance JV FiLife, paidContent has learned the site’s continued existence is no certainty. It survived the multiple trimmings as Barry Diller cut back on IAC’s portfolio of emerging businesses, but the company is now exploring options that range from leaving it open to a sale or a full shut down. When Ezra Kucharz, president and GM for just over a year, left for CBS (NYSE: CBS) in January, both IAC and DJ credited him publicly with turning around the site and building it to the #4 personal finance site with 4.4 million unique visitors in December. Now both companies are declining comment about the site’s future.

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Posted In: Features, Exclusive, Media & Publishing, Online News, Companies, IAC, News Corp., Dow Jones

Wireless Carriers Bicker Over Size Of Spectrum Holdings

Mar 19, 2010 9:19 PM ET

Wireless Spectrum Chart, Holdings By Carrier

Clearwire (NSDQ: CLWR) frequently brags about how much spectrum it has at its disposal, and how easy it will be to deliver a ton of video and other high-bandwidth services over mobile networks. It’s a luxurious postion to be in and something that has only become top of mind for consumers recently as they experience dropped calls or sluggish 3G internet speeds.

But it appears that AT&T (NYSE: T) and Verizon have been formulating their response to this, and this week refuted Clearwire’s claims, by arguing that they have deep spectrum positions that can re-purposed for 4G when it needs to, reports ConnectedPlanet.com. Kris Rinne, AT&T’s SVP of architecture and planning, who spoke along side other executives at a GSM Association event, said: “You need to make sure you count all of our spectrum when you make these comparisons.”

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Posted In: Legal, Policy, Regulatory, FCC, Companies, AT&T, Clearwire, Sprint Nextel, T-Mobile, Verizon

pc buzz

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  • davidaKaplan 15 hours Ago
    Bloomberg BusinessWeek reforms design team, adding art staffers from Guardian, NYT Mag

FCC May Open Public-Safety Spectrum Block For Commercial Purposes

Mar 19, 2010 7:31 PM ET

Wireless Tower

The FCC is working on a plan that would sell a chunk of spectrum in the first half of 2011 that failed to be sold in 2008 because of the strict conditions of use.

The spectrum, which was earmarked for public-safety use, may now have different terms and conditions, if any are to be attached. Jamie Barnett, chief of the FCC Public Safety & Homeland Security Bureau, told Reuters that the FCC could issue a notice of inquiry “early summer” but a final decision has not been made.

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Posted In: Legal, Policy, Regulatory, FCC, Mobile, Technologies / Formats, 3G, 4G, Broadband, WiMax, Companies, AT&T, T-Mobile, Verizon

Right On Schedule, MediaNews’ Parent Exits Chapter 11

Mar 19, 2010 6:13 PM ET

Dean Singleton

As it promised back in January, Affiliated Media, the holding company for newspaper chain MediaNews Group, has emerged for Chapter 11 bankruptcy protection. The owner of the Denver Post and San Jose Mercury News was able to shrink its debt from a staggering $930 million debt to a more manageable $165 million. That 82.3 percent reduction in its debt, allowed it to end the bankruptcy period. This was a pre-packaged reorg, meaning its lenders are all in agreement. None of the newspapers will be affected, and Dean Singleton will remain chairman and CEO. Release

Posted In: Media & Publishing, Newspapers, Money, Bankruptcy

Welcome To Microsoft Office. Would You Like A Microblog With Your Order?

Mar 19, 2010 5:10 PM ET

Waitress Taking Order

Microsoft’s experimental Office Labs group says it’s testing a new microblogging service called OfficeTalk—which “applies the base capabilities of microblogging to a business environment, enabling employees to post their thoughts, activities, and potentially valuable information to anyone who might be interested.” It’s an experiment but the Office Labs group does say that OfficeTalk has been one of its most popular internal tests to date and it’s therefore inviting interested outside firms to try it out.

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Posted In: Social Media, Nanopublishing, Companies, Microsoft

March Madness: CBSSports.com Says It Served 3.4 Million Live Hours On Day One

Mar 19, 2010 4:16 PM ET

March Madness On Demand Player

Initial stats are in for NCAA March Madness on Demand and it looks like CBSSports.com will be able to declare victory again (unlike fans of Georgetown or Vanderbilt). Unlike NBC Universal (NYSE: GE) and the Olympics, CBS (NYSE: CBS) goes for maximum exposure online—offering full, free access to all 63 games of the NCAA Division 1 Men’s Basketball Tournament. Day one by the internal numbers:

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Posted In: Entertainment, Sports, Companies, CBS, march madness

paidContent Quick Hits 03.19.2010

Mar 19, 2010 3:52 PM ET

Children Playing Four Square

»  The keys to Microsoft’s and Xbox 360’s success: ignoring Blue-ray and betting on digital distribution. [Blast]

»  How Foursquare lured 100,000 new users within the past week with a game of, well, “four square.” [ClickZ]

»  A closer look at the lawsuits plaguing Yelp. [AP]

»  Top 15 technologies in the spotlight at Microsoft (NSDQ: MSFT) MIX 2010. [eWeek]

»  For a quick laugh: the real victims of the newspaper collapse. [The Onion]

Posted In: Features, Quick Hits

Industry Moves
Yahoo’s Revolving Door: Chief Technologist Leaves For Benchmark Capital

Mar 19, 2010 2:43 PM ET

Revolving door

Yahoo (NSDQ: YHOO) Chief Technologist Sam Pullara is leaving the company, capping off a week of high-profile departures. At Yahoo, Pullara was “responsible for ensuring that products we develop are competitive and provide compelling customer experiences by driving a dialogue between internal product groups, research and business leaders,” according to his LinkedIn profile; he also represented Yahoo on the board of the OpenSocial Foundation and had helped launch its ‘open application platform’—which lets third-party developers build apps for Yahoo properties. Pullara is taking a job as an entrepreneur in residence at Benchmark Capital.

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Posted In: Industry Moves, Companies, Yahoo, benchmark capital, sam pullara

GOOG v BIDU: A Tale Of Two Stocks

Mar 19, 2010 1:50 PM ET

Google China

It now seems all but official that Google (NSDQ: GOOG) will pull its search operations in China; Chinese media says Google will make an announcement Monday and the search engine could shut down as soon as April 10.

The likely big winner in all of this: Baidu, which currently controls more than 50 percent of the Chinese search market to Google’s roughly 30 percent. So, how much value may Google be handing over to Baidu? (NSDQ: BIDU) One measure: In the two months since Google first issued its China manifesto, Baidu has gained nearly $13 billion in market value (Its stock is up a whopping 42 percent, completely reversing a 10 percent drop during the prior two months). By contrast, Google has lost about $7 billion in market value (its stock down nearly 7 percent), while the S&P 500 has been flat.

The comparison after the jump »

Posted In: Search, Research & Metrics, Metrics, Companies, Google, baidu

FT.com Takes Free Articles Away From Unregistered Users, Except Via Search

Mar 19, 2010 1:01 PM ET

Rob Grimshaw Official

Now the Financial Times is getting really bullish about its web access model. In another tweak, it’s now ensuring that no free articles are on offer to non-registered users.

In 2007, the site introduced this access model to give five free articles a month to casual readers, and 25 to free-registered users, as incentives to subscribe. But, watching its paying customers grow since then, it reduced the five free articles to one a month, and now to none.

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Posted In: Companies, Pearson, Financial Times, FT.com

Bernstein: Broadcasters Once Again Have a License To Print Money

Mar 19, 2010 1:00 PM ET

Retro TV

Most forecasters have expected broadcast ad revenues to experience a nice recovery as the recession eases, but BernsteinResearch analyst Michael Nathanson expects a TV advertising to see a rebound that could bring stations back to their healthier 2007 levels. While the major station owners took a big hit on revenue declines last year, margins remained fairly strong. For example, while Gannett’s broadcast revs fell by almost 20 percent in ‘09, it was still able to post EBITDA margins of 42.6 percent. Belo’s TV station ad revs dropped 23 percent between ‘07 and ‘09, but it still managed to produce respectable a 26.7 percent EBITDA margin. And although CBS’ and Scripps’ margins have gone from the 30 percent neighborhood down to the mid-teens, Nathanson says that a large wave of political ad spending this year to boost those levels back up—though on a smaller revenue base.

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Posted In: Advertising, Media & Publishing, TV, Broadcast, Cable & Telecom, Research & Metrics, Research

Palm’s Stock Dives As Analyst Downgrades Target Price To $0

Mar 19, 2010 12:12 PM ET

Palm CEO Jon Rubinstein holding the Palm Pixi for Verizon Wireless

Palm (NSDQ: PALM) provided a stark view of its financial and market position yesterday after releasing its third-quarter results. With inventories mounting, cash reserves dwindling and its market competitiveness to be determined, investors today are being quick to ditch the stock. In afternoon trading, Palm’s stock was down about one dollar, or 18 percent, to trade at $4.60 a share.

To be sure, there were critics that were even more harsh and believe the stock could go lower. Canaccord Adams technology analyst Peter Misek cut his price target from $4 to $0, and maintained his “sell” rating. In a note to clients, he wrote: “We believe Palm’s troubles will only accelerate as carriers and suppliers increasingly question the company’s solvency and withdraw their support. With what appears to be roughly 12 months of cash on hand, an accelerating burn rate, a complete lack of earnings visibility, and substantial debt and preferred equity, we no longer see any value in the company’s common equity.”

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Posted In: Companies, Palm

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