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ArchivesGoogle's Big Gains Fall Short of ExpectationsAuthored by Mark Hefflinger on January 31, 2006 - 7:26am.
Mountain View, Calif. - Despite sharp gains in both revenue and net income, shares of Google fell as much as 19% in after-hours trading Tuesday after the search giant reported quarterly results that fell short of lofty Wall Street expectations. Excluding one-time items, the company posted net income $469 million, or $1.54 a share, up from $204.1 million, or $0.71 a share, during the same period a year ago. Analysts surveyed by Thomson First Call, however, had predicted earnings per share of $1.76. Revenue came in at $1.92 billion, nearly double the amount of a year ago, but only matched expectations after topping them for each of the previous five quarters since its IPO.
AOL, ABC News Team on Interactive State of the Union BroadcastAuthored by Mark Hefflinger on January 31, 2006 - 7:25am.
Dulles, Va. - America Online said that it is teaming with ABC News on interactive coverage and analysis of Tuesday night's State of the Union address. Viewers will be able submit text and video comments on both President Bush's address and the Democratic response, with select portions airing throughout ABC's coverage of the event, which also will air on AOLNews.com. Online visitors can submit text comments to AOL News and video segments from cell phones and other wireless devices to ABCNews.com. ABC News anchors will answer viewer questions through video responses to be posted on the web. Commentary from AOL users also will run on an ABC ticker, as well as on ABC's "World News Tonight," "Nightline" and "Good Morning America.". "We are creating an electronic town square, where web users can offer real-time feedback," said Lewis D'Vorkin, the vice president and editor-in-chief of AOL News and Sports.
Report: Google Considering Partnership, Acquisition of NapsterAuthored by Mark Hefflinger on January 31, 2006 - 7:24am.
New York - Google is considering a possible acquisition of Napster, or else a strategic alliance with the digital music service, the New York Post reported on Tuesday, citing "sources within the music industry." The search giant is reportedly looking to partner with an existing digital music provider rather than developing its own service. The report sent shares of Napster up 30% on Tuesday. Last week, Napster told Reuters that it was not actively seeking buyers, responding to media reports that included layoff rumors. The company did acknowledge that it laid off ten middle managers last week.
Frank Biondi Joins Carl Icahn in Time Warner Proxy FightAuthored by Mark Hefflinger on January 31, 2006 - 7:22am.
Dulles, Va. - Frank Biondi, the former CEO of Viacom, has joined billionaire Carl Icahn in a proxy fight for control of media giant Time Warner, with the intention of forcing a sale or spin off of the company's America Online unit, Icahn's group said. Biondi would serve as Time Warner's CEO, if the group manages to gain control of the company’s board of directors. A report from the investment bank Lazard, commissioned by Icahn and expected to be released next week, will provide a detailed plan of how Time Warner could be restructured to maximize the company's business prospects and share price, Icahn said. The plan will include separating Time Warner's component businesses and significantly reducing corporate overhead.
Cingular Releases Second Motorola iTunes PhoneAuthored by Mark Hefflinger on January 31, 2006 - 7:21am.
Atlanta - Cingular Wireless on Tuesday began offering a thin new Motorola handset to its subscribers, the SLVR, which comes loaded with Apple's iTunes music playing software. Similar in size to Motorola's ROKR -- the first iTunes phone offered by Cingular -- the SLVR's features include a camera, video capture and 512MB of memory, or enough to hold about 100 songs transferred from a computer via an included USB cable. Cingular is offering the SLVR phone for $199 with the purchase of a two-year service contract.
Report: Top Online Radio Station Audiences Grow 177% in 2005Authored by Mark Hefflinger on January 31, 2006 - 7:19am.
New York - The three biggest online radio networks -- Yahoo's Launchcast Radio, America Online's Radio@AOL and Microsoft's MSN Radio and Windows Media Network -- saw their average U.S. weekday listening audiences grow 177% between October 2004 and October 2005, according to the first full year of online radio ratings data provided by Arbitron and comScore Media Metrix. All ratings data are based on the number of listeners 12 and older who tuned in during an average quarter hour (AQH) on weekdays between 6 A.M. and 7 P.M. Among other networks, Live 365, which began reporting in January 2005, saw its average weekday listening audience grow 127% by October, while Clear Channel Online Radio, which began reporting in June, saw a 33% increase by October. Overall, Yahoo Music claims the most AQH listeners, with 445,800 in October 2005, compared with Radio@AOL (312,700); MSN Radio/WindowsMedia.com (168,200); Clear Channel Radio (137,700); and Live 365 (71,300).
TV "Placeshifting" Device Maker Sling Media Raises $46.6 MillionAuthored by Mark Hefflinger on January 31, 2006 - 7:18am.
San Mateo, Calif. - Sling Media, the developer of the Slingbox -- a set-top box that allows users to access their premium TV channels and recorded TV shows from anywhere over the Internet -- announced on Tuesday that it has raised $46.6 million in its latest round of venture capital financing. Goldman Sachs, Liberty Media and Echostar Communications led the investment round; Allen & Co., Doll Capital Management, Mobius Venture Capital, The Hearst Corporation and others also participated. San Mateo, Calif.-based Sling Media's $250 device redirects, or "placeshifts," a single live TV stream from a basic cable connection, cable box, satellite receiver or digital video recorder to the viewer's PC through the Internet, where it can then be accessed from any other Windows-based PC or Windows Mobile-based PDA or smartphone.
Broadband Entertainment Site Heavy.com Secures $10 MillionAuthored by Mark Hefflinger on January 31, 2006 - 7:17am.
New York - Heavy.com, a broadband entertainment website that claims 10 million unique monthly viewers, announced on Tuesday that it has raised $10 million in a new round of financing, led by Polaris Venture Partners. Founded in 1999, New York-based Heavy.com offers original online entertainment programs like "Behind the Music that Sucks" and "Pimp My Weapon," in addition to short-form video, animation and machinima. In coming months, the company plans to launch a broadband community called MyHeavy.com, as well as a network based on its "Teriyaki Strips" channel. Heavy.com will use the funds to accelerate the roll-out of original programming for online and mobile consumption.
Online Ad Technology Developer Adviva Raises $8 MillionAuthored by Mark Hefflinger on January 31, 2006 - 7:16am.
London - Adviva Media, a U.K.-based online advertising firm, announced that it has raised approximately $8 million in first round venture capital financing, led by Kennet Venture Partners. Adviva, which has developed a "lifestyle" demographic profiling technology that allows advertisers to target specific groups, said it would use the investment to fund expansion into France and Germany. Under the terms of the investment, Kennet managing directors Michael Elias and Javier Rojas will join Adviva's board.
NFL to Rebroadcast Super Bowl Ads On TV, VOD, Online, Mobile TVAuthored by Mark Hefflinger on January 31, 2006 - 7:14am.
New York - The National Football League (NFL) has announced plans to rebroadcast Super Bowl TV ads on its NFL Network, video-on-demand, online and for cell phones. In addition to the TV rebroadcasts, the Super Bowl ads will available on NFL.com and through the Sprint mobile TV network.
Sony Acknowledges Issues With Player Software for Digital WalkmanAuthored by Mark Hefflinger on January 31, 2006 - 7:13am.
London - Sony has acknowledged that the music software that comes with its new Walkman digital music players can result in some performance issues, and recommends that users download an older application while it fixes the Connect Player 1.0 software, The Register reported. Some users have reported that the bundled Connect Player, which integrates the Walkman players tightly with Sony's Connect online music store, can crash when transferring songs to a Walkman, or else run very slowly. Sony has apologized and said it is now investigating the issues.
Loud Technologies Applies for Nasdaq ListingAuthored by Mark Hefflinger on January 31, 2006 - 7:11am.
Woodinville, Wash. - Loud Technologies, a manufacturer or pro audio products under brands including Ampeg, Crate, EAW and Mackie, said on Tuesday that it has filed to list its shares on the Nasdaq Capital Market. The company's products include digital recording products, audio and music software, guitar and bass amplifiers and loudspeakers. "With advances in technology and improving price/performance driving demand for pro audio products around the world, LOUD has an exciting long-term growth opportunity," said Loud chairman and CEO Jamie Engen.
XM Satellite Radio Launches Traffic Info Service in 9 New MarketsAuthored by Mark Hefflinger on January 31, 2006 - 7:10am.
Washington - XM Satellite Radio, a provider of subscription radio programming with over 6 million subscribers, on Tuesday said it will expand its XM NavTraffic satellite traffic information service into nine additional U.S. markets in the first quarter of 2006. Already available in 22 markets, the service will soon also be offered in Cincinnati, Cleveland, Denver-Boulder, Milwaukee-Racine, Portland, Providence-Warwick- Pawtucket, Sacramento, San Antonio and Wilmington, Delaware.
The Orchard Adds International Artists to Distribution RosterAuthored by Mark Hefflinger on January 31, 2006 - 7:09am.
New York - The Orchard, a digital distributor of independent label music, on Tuesday announced a number of new international signings that came out of the MIDEM international music conference in Cannes, France. The Orchard will now distribute tracks from Asha Bhosle, Dion, Ofra Haza, Simply Red, Buddha Bar, The Waifs and others to digital retailers and services including iTunes, Napster and Rhapsody.
Blinkx Adds Sundance Channel Content to Web Video IndexAuthored by Mark Hefflinger on January 31, 2006 - 7:08am.
San Francisco - Blinkx, a provider of a searchable index of Web video, said on Tuesday that it has added content to its index from SundanceChannel.com, which includes clips from original programs, series, features and documentaries airing on the Sundance Channel.
Wizzard Software Offers Skype Ringtone ApplicationAuthored by Mark Hefflinger on January 31, 2006 - 7:06am.
Pittsburgh - lWizzard Software on Tuesday released its WizzTones application, which allows users of the Skype Internet-based telephone service to create their own ringtones for use on Skype. Available for $9.95, the software lets users assign ringtones to every number on their Skype contacts, including ringtones purchased from Skype, and those created using the software's text-to-speech or voice recorder features.
Fox Launches Online Fantasy Game for Reality TV ShowsAuthored by Mark Hefflinger on January 31, 2006 - 7:05am.
Los Angeles - Fox Reality, News Corporation's all-reality-TV network, on Tuesday announced the launch of its "Fantasy Reality Challenge," an online game that lets players earn points based on the performance of the selected participants from reality series including "Survivor," "Amazing Race," "America's Next Top Model," "The Apprentice" and "American Idol." The Fox Reality network launched in May 2005, and is now available in more than 18 million U.S. homes.
D3Publisher to Develop Games Based on DreamWorks' "Flushed Away"Authored by Mark Hefflinger on January 31, 2006 - 7:03am.
Los Angeles - Japanese video games firm D3Publisher announced that it has signed an agreement with film studio DreamWorks Animation, to develop games based on its "Flushed Away" digitally animated film. Developer Vicious Cycle will create versions of the game for PlayStation 2 and GameCube, while Altron and ART will develop titles for Nintendo DS and Game Boy Advance; all are slated for release in the fourth quarter of 2006, alongside the film's theatrical release.
Sony Online to Ship "Untold Legends: The Warrior's Code" for PSPAuthored by Mark Hefflinger on January 31, 2006 - 7:02am.
San Diego - Sony Online Entertainment said on Tuesday that its "Untold Legends: The Warrior's Code" title for the Sony PSP has gone gold and will ship to retailers on March 14. The game is a sequel to the original roleplaying title for the PSP.
Cheyenne Mountain to Develop Multiplayer Game for "Stargate SG-1"Authored by Mark Hefflinger on January 31, 2006 - 7:00am.
Phoenix, Ariz. - Video game developer Cheyenne Mountain Entertainment said on Tuesday that it has signed an agreement with MGM Interactive to develop "Stargate Worlds," a massively multiplayer online roleplaying game based on the Sci Fi Network TV series, "Stargate SG-1."
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