Cablevision Reportedly to Buy Bresnan for $1.3 Billion
As has been rumored, Cablevision (CVC) will buy Bresnan Communications from a group of private investors led by Providence Equity Partners for about $1.3 billion, Reuters reports, citing “a source...
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NBC Keeps Part of the Hulu/Boxee Story a Secret
Remember the kerfuffle when Hulu blocked Boxee last year? And remember the slightly smaller kerfuffle when the issue resurfaced earlier this year, during a government inquiry into the Comcast-NBC...
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Hulu's Subscription Service Could Come Next Week–For Some of You
Some of you may finally get a chance to pay for Hulu. The video Web site is finalizing plans to launch its subscription service, and people familiar with the company say a beta test of “Hulu Plus”...
View ArticleHulu Plans to Shrink Its Board
Hulu LLC is planning to shrink its board, according to people familiar with the matter, shaking up the Web-video venture’s governance as it hashes out its future within the media business. As part of...
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Myspace Bake-Off Starts Wednesday and–Despite Reports–No Bidder in Lead (and...
While no one inside or outside Myspace owner News Corp. expects fireworks and giant piles of money, the tire-kicking for the long-troubled social-networking-turned-entertainment site actually starts...
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Dancing Queen: After Meeting With Microsoft Last Week, Yahoo Is Next on...
Here’s a handy helper for those following the fate of the Hulu premium online video service, whose noisy efforts to sell itself have gotten a lot of attention of late: “In preliminary talks” =...
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Yahoo's China Settlement Fails to Stem Its Stock Decline
You would think the settlement of a major dispute would goose the stock of a company, but Yahoo’s deal with its Chinese partner Alibaba Group on Friday did exactly the opposite. Despite the clearing...
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Would-Be Hulu Buyers Will Have Their Checkbooks Ready Next Week
Quick update on the Hulu auction: Would-be buyers are expected to offer up their initial bids by the end of next week, according to people familiar with the company. That will end the first step of a...
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As Yahoo Continues to Wobble, Investors (And Board) Eye Options
When Yahoo announced on January 13, 2009, that it had hired longtime Silicon Valley tech veteran Carol Bartz to replace outgoing CEO and co-founder Jerry Yang and turn around the company, there was a...
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Exclusive: Carol Bartz Out at Yahoo; CFO Tim Morse Named Interim CEO
According to sources at the company, Yahoo’s Carol Bartz is no longer CEO of Yahoo. CFO Tim Morse has been named interim CEO. The situation around what is clearly an ouster is uncertain, but Bartz has...
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As Yahoo Board Meets Tomorrow, Investors Ready Thumbscrews
The Yahoo board will be meeting in Silicon Valley tomorrow to discuss a wide range of worrisome issues facing the troubled Internet giant. Meanwhile, several sources said, even more private equity...
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Yahoo for Sale: Possible Bidders Circling -- Including Marc Andreessen -- as...
A range of major players interested in acquiring all or a large piece of Yahoo have been prepping possible bids and have been in touch with the Internet giant’s board over the last several days. While...
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Not So Much on a Microsoft Bid for Yahoo (They're Crazy, But Not That Crazy)
Is this investment-banker-hype week and nobody told me? It certainly seems so from all the almost ridonkulous rumors about everyone and their mother being “imminently poised” to make a bid for Yahoo....
View ArticleHulu's Owners Call Off Sale
Hulu won’t be bought by Amazon, Google or anyone else, say Hulu’s owners. Here’s the release: HULU EQUITY OWNERS ANNOUNCE DECISION TO TERMINATE THE HULU SALE PROCESS Los Angeles, New York &...
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OpenSky Raises $30 Million for Twitter-Inspired Shopping Site
The founder and CEO of OpenSky, John Caplan, says the curated shopping site has more in common with Twitter than with eBay or Amazon. On the site, shoppers add — or “follow” — celebrities and experts...
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Exclusive: Silver Lake Finally Signs Yahoo NDA, as Talks Proceed With Bidders
Score one for Yahoo, it seems, getting some key private equity firms to sign its restrictive non-disclosure agreement to allow them a special peek at its business. And now that includes Silver Lake,...
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Ex-Yahoos Getting Downloaded by PE Firms and Others on Possible Deals
One of Yahoo’s biggest problems — brain drain — has turned out to be an asset for private equity firms and other players interested in figuring out their best moves related to the Silicon Valley...
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Yahoo Stock Gets Gaslit by Bidders Dangling Phantom $20-a-Share Bid
What an amazing coincidence. On the very day Yahoo’s board is considering actual bids from two private equity firms interested in deals to buy close to 20 percent of the company for between $16.50 and...
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Yahoo Intensifies Search for CEO (With Hulu's Kilar as One Dream Unicorn...
Whatever you want to call him or her — a silver bullet, the cure or, as I like to say, the last unicorn — Yahoo’s ever-seeking and never-deciding board has now renewed its focus on finding a new CEO....
View ArticleCelebrity Shopping Service OpenSky Hires Merchandising Exec
OpenSky, the e-commerce company that lets users “follow” celebrities using a Twitter-like system, has hired its first chief merchandising officer. Simon Black joins the New York-based start-up after...
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Hulu Keeps Jon Stewart and Stephen Colbert for Two More Years, Adds SpongeBob
Hulu may have big changes ahead of it, but for now the company is proceeding along the same path: Today it announced it has broadened a deal with Viacom, by adding some of the cable giant’s Nickelodeon...
View ArticleProvidence Equity Sells Hulu Stake
Providence Equity Partners has closed a deal to sell its stake in Hulu, according to a source familiar with the transaction. The sale, first reported by TechCrunch, has been in the works since April,...
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Peter Chernin Rounds Up Another $100 Million, This Time From Qatar
Peter Chernin, the longtime News Corp. executive who is now running his own media and technology fund, has landed another slug of investment money, this time from Qatar’s sovereign wealth fund. Chernin...
View ArticleNews Corp. Nears Deal For YES Stake
News Corp. is closing in on a deal to buy a minority stake in New York regional sports network YES, according to three people with knowledge of the negotiations. According to one of the people, a deal...
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Hulu's Employee Owners Are Just Employees Again, Which Means Some May Be...
Hulu’s employees used to be owners, too. But those days are over, so they’re going to have to be happy with a paycheck and some bonuses. That’s the upshot of a new long-term incentive plan I’m told...
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