Google Revenue Weakness, The iPod Touch HD, NYT Sells Building

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Tuesday, March 10, 2009

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Google's Revenue Weakens Markedly Over Past Month Last week, when Google CEO Eric Schmidt described the economy as "pretty dire" and said Google was "not immune," some analysts argued that Eric's comments were not new and should not be taken to mean that Google's business is deteriorating. This interpretation seemed like wishful thinking. According to sources, it was. Read > Google's Marissa Mayer Trashes Yahoo Engineers

Apple Building 'Netbook' -- Is This The 'iPod Touch HD'? More support that Apple is working on what we've been calling the "iPod touch HD" -- a touchscreen, portable Internet device that's bigger than the iPhone: "Taiwan-based Wintek will supply touch panels for Apple's new netbook, and shipments will start in the third quarter this year," DigiTimes reports, citing the Chinese-language Commercial Times. DigiTimes also says that Quanta Computer will manufacture the new device. Read >

CBS's March Madness Online Ad Revenues Up 30% There's no recession in March Madness, reports the WSJ. CBS will pull in $30 million from online ad revenue, up 30% from a year ago. Keep in mind that $30 million is still a small fraction of the $650 million plus CBS is expected to draw from March Madness in total. Read >

NYT Gets $225M Out of NYC Tower The New York Times bought itself some more time, hammering out a $225 million sale-leaseback deal on its spanking new building in Midtown Manhattan. Read >

More

Advertisement More Startups Merging With Each Other A trend we expect to see more of as the venture capital, buyout, and IPO markets continue to sink: Startups joining up to make themselves more attractive to potential big buyers. Read > Midway Games' New Owner: I Don't Know Sumner Midway Games' new owner tells a judge he never met Sumner or Shari Redstone before last November. Read > Report: Microsoft To Take Its $400 Xbox 360 Elite Off The Market If true, Sony will be the last company on the market with a $400 game console. Read > Twitter Payola, Now With Extra Cheese One of the top "trending" topics on Twitter is Maggiano's, an Italian restaurant chain owned by Dallas-based Brinker International. Why? Because Maggiano's is encouraging Twitter users to promote the chain to their friends -- by telling them to start following @maggianos. The prize? $100 in gift certificates. Read > Recession Winner: CNBC Normally, people turn off CNBC during a recession. Not this time. Read >

Circuit City R.I.P. Will Corny 3-D Animations Sell More Baseball Cards? Hulu's Television Commercial Starring Dollhouse's Eliza Dushku Turning Left Pays Off For MSNBC, NBC News

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