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Microsoft chief Steve Ballmer remains unshaken in his desire to strike a deal with the standoffish Yahoo, in the hopes of gaining a bigger share of the $41 billion online advertising market. Meanwhile, maverick investor Carl Icahn plans to kick Yahoo CEO Jerry Yang out of his job.
Microsoft abandoned its $47.5 billion offer for Yahoo in early May after the Yahoo board said the offer was too low; later, Microsoft tried to purchase Yahoo’s search business, according to people familiar with the talks (via Bloomberg).
Icahn’s plans to oust Yahoo CEO Jerry Yang depend on the dissident director slate that he has nominated. If the slate is elected to the Yahoo board, he will push Yang out, he told the Wall Street Journal (via Barron’s).
“I’m very cynical about many of the boards and CEOs in this country, but even I am amazed at the lengths that Jerry Yang and the board went to entrench themselves in this situation, Icahn said.
Comcast is hoping to enlighten media buyers on the ways of young men ages 18-34 with its new “field guide,” titled Hunting with Lightsabers, that has been in the works for a year and is now available.
The guide provides…
One of the few remaining tabloid book review sections in the country’s newspapers bought the farm this weekend.
The Chicago Tribune, which last year moved its stand-alone book review tabloid from Sunday to Saturday, has killed the section altogether, replacing…
A “Money Bus” took off to begin its tour of the country this week. The bus - part of a campaign by Kiplinger’s Personal Finance, the National Association of Personal Financial Advisors (NAPFA) Consumer Education Foundation, and TD Ameritrade Institutional…
Though prime time viewing on broadcast is down, all four networks are up in viewers for NFL games through the first four weeks of the season, compared to last year.
NFL games are scoring high ratings in part because the…
Most Americans are very concerned about their internet privacy and many are taking steps to limit the information that is being collected and shared about them online, according to a poll from Consumer Reports, MarketingCharts reports.
To combat what they view…
Companies are struggling with how to adapt to serve a new wave of consumers from the Millennial Generation (or Gen Y) - born between 1982 and 2001 - according to a global survey by the Economist Intelligence Unit and Alcatel-Lucent company Genesys, reports Retailer…
