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Report: Jack Welch and Jack Connors Exploring Acquisition of Boston Globe

Authored by Mark Hefflinger on October 26, 2006 - 1:58pm.
Boston - The Boston Globe reports that Jack Welch, the former CEO of GE, and former advertising executive Jack Connors are part of a group that is considering making a bid for The Boston Globe, which is owned by The New York Times Company.
tags: Deals | Online Publishing | Acquisitions | Newspapers | News | NYTimes | Publishing | Rumors | Boston Globe |

Report: News Corp. Among Suitors for Digg News Aggregation Site

Authored by robert on October 25, 2006 - 1:03pm.
San Francisco - Digg, a site that posts news stories whose prominence is determined by votes from a community of users, has recently been in acquisition talks with companies including Rupert Murdoch's News Corporation, according to TechCrunch.com.
tags: Deals | Internet | Online Publishing | Tech | FIM | News | News Corp. | Web | Rumors | Web 2.0 | Digg |

Google and YouTube - It is a Good Fit

Authored by Jay Baage on October 6, 2006 - 6:14am.
This Friday morning, rumors of that Internet search giant is in talks to buy online video site YouTube for $1.6 billion appeared in the Wall Street Journal (WSJ), giving additional credability to earlier rumors reported on the blog TechCrunch. WSJ cited "a person familiar with the matter", but neither Google or YouTube would comment on it as of early Friday. Shares of Google were up by around 1% in mid-day trading on the Nasdaq stock exchange.
tags: Deals | Internet | Video | Tech | TV | Investing | Search | Acquisitions | Google | YouTube | Portals | Rumors |

Napster Lays Off 10 "Middle Managers," Denies Substantial Layoff Rumors

Authored by Mark Hefflinger on January 26, 2006 - 8:56am.
Los Angeles - Napster announced that it plans to lay off around ten middle managers, denying rumors that have been circulating about more substantial job cuts at the digital music service provider. "Consolidating the Napster subscription service with our new Napster.com initiative has resulted in approximately 10 middle management redundancies world-wide, and no additional reductions are contemplated," the company said in a statement. "Napster projects its headcount will actually increase over the coming year as our new Napster.com products enter the marketplace. Rumors of major or significant layoffs were misleading and greatly exaggerated, and efforts to sell the company are patently untrue." The company recently announced that it has surpassed 500,000 paying subscribers.
tags: Napster | Middle Managers | Denies | Rumors |

Shares of CNET Soar on Rumors of Possible Sale

Authored by Mark Hefflinger on July 6, 2005 - 4:51am.
San Francisco -- Shares of San Francisco-based CNET Networks closed up more than 10% last Thursday following reports that the technology-focused media company is shopping for a buyer. The New York Post reported that CNET has "had discussions" with Viacom and Barry Diller's InterActiveCorp, among others, and that investment banks are vying for the deal. AOL and Sunnyvale-based Yahoo are also rumored to be considering making a bid. "What makes CNET attractive is its huge amount of traffic," one source familiar with the matter told the Post. "These media companies think they can turn it into the next Google or Ask Jeeves." According to the sources, no deal is imminent.
tags: CNET | Sale | Rumors | Shares |