The News Review:
- CBS News, Katie Couric Are Likely to Part Ways
- Yahoo Testing AdSense for Search
- Bloomberg.com: Investment Tools
- Advocate, Out, book publishing division go for $6M to Here! Networks
- PassAlong Networks Launches 200th Digital Music Store
- Tokyo shares outlook – Higher on Wall Street rebound; Takeda in focus
- Asian Stocks Rise in US; Chunghwa, Taiwan Semiconductor Gain
CBS News, Katie Couric Are Likely to Part Ways
wsj.com – Apr 10, 2008
bought Dow Jones & Co. , publisher of The Wall Street Journal. )With its profitability declining sharply, hurt by lower local-TV ad revenue, CBS’s affiliate group has been cutting costs. It laid off 160 employees at sites scattered around the country several weeks ago. As part of companywide cost-cutting efforts, CBS earlier this year discussed whether it could reduce the cost of Iraq war coverage by using CNN feeds out of Iraq, according to two people at CBS. CBS News spends about $7 million a year operating its Baghdad bureau, mostly to cover security costs. The discussions fell apart in March over what the people at CBS describe as a “rights issue.
Related: Inland News | PE.com | Southern California News | News for Inland…
Yahoo Testing AdSense for Search
WebProNews – Apr 10, 2008
and will not include Yahoo!’s extended network of affiliate or premium publisher partners. The test is expected to last up to two weeks and will be limited to no more than 3% of Yahoo! search queries… Indeed, such a deal has been rumored for at least the past year. ” Granted, this could potentially increase Yahoo’s search profits—but honestly, are they going to be the only ones? Google’s gotten big press for allegedly.
Related: Eyes on the prize
Bloomberg.com: Investment Tools
Bloomberg – Apr 10, 2008
Twelve-monthrevenue was $1. 22 listed$964 million in assets against debt of $1. The case is In re Buffets Holdings Inc… Immediately after the Chapter 11 filing, Aron sought theappointment of a Chapter 11 trustee. Aron, the agent for lenders,said it was owed $60 million under a secured term loan and$20 million under a hedging agreement. Osyka filed under Chapter 11 along with an affiliate. Theproduction is in Texas, Louisiana and Mississippi, with mostreserves in southern Mississippi. The companies have not yetfiled lists of assets and debt, although Osyka says it has areport saying the reserves are worth not less than $90 million. The case is In re Osyka Corp.
Advocate, Out, book publishing division go for $6M to Here! Networks
Dallas Voice – Apr 10, 2008
A formal agreement should be done by April 30 and the deal should close by Aug. 31, the Business Times reported. A letter of intent between PlanetOut and Regent Releasing, an affiliate of Here Networks, calls for Regent to pay $1 million on or before April 30, depending on when the agreement is completed, and then $1 million on the 15th of each month from May through September. PlanetOut officials said it intends to return its focus to its Web sites, which include Gay. The San Franscio Business Times reported that the company?s online segments have been contributing less to its revenue for each of the last three years, dropping from 87 percent in 2005 to 54 percent in 2006 and 51 percent in 2007… The San Franscio Business Times reported that the company?s online segments have been contributing less to its revenue for each of the last three years, dropping from 87 percent in 2005 to 54 percent in 2006 and 51 percent in 2007. In those same three years, the magazine publishing?s portion of total revenue rose from 13 percent to 46 percent to 49 percent. PlanetOut also recently put Expedia Inc. in charge of travel booking on its Web sites and has hired Allen & Co. on a three-year contract to help it with strategy, including a possible sale of the company.
PassAlong Networks Launches 200th Digital Music Store
Earthtimes – Apr 10, 2008
The store is for 101. 5 KAMB – Celebration Radio, a listener-funded Christian radio station based in Merced, Calif. , and features access to a complete Christian music catalog provided by master affiliate Cornerstone Media International. “This is a major milestone for our company and we are thrilled that it occurred with a partnership between PassAlong, 101. 5 KAMB and Cornerstone Media International,” said Dave Jaworski, co-founder and CEO of PassAlong Networks. “We are very proud of the clients we’ve worked with to-date to create digital experiences for their customers and we will continue to add more quality partners like Celebration Radio to our client list. ” The 101… Music can be shared via email, Yahoo! Instant Messenger, AOL Instant Messenger and with Skype. About PassAlong Networks PassAlong Networks works to empower artists and fans by enhancing the Connected Consumer™ ecosystem. PassAlong’s suite of services includes StoreBlocks™, OnTour®, freedomMP3™, Rostr™ and subsidiary Speakerheart™, with current initiatives ranging from advertising premium incentive programs, ad-supported revenue models, variable-pricing programs, in-car music downloads, mobile devices, media place-shifting and device-shifting, digital video libraries and social networks. Founded in 2002, PassAlong Networks is privately held and based in Franklin, Tenn. For more information, visit.
Tokyo shares outlook – Higher on Wall Street rebound; Takeda in focus
Forbes – Apr 10, 2008
The deal is expected to give Takeda access to a lucrative blood cancer drug. Takeda hasspecialized in treatments for diabetes and cardiovascular problems. Ranked 17th among global drug makers, it has struggled to stay competitive while attempting to head off a loss in revenue as its patents expire on key drugs. stocks rebounded on Thursday after two days of losses, encouraged by a decline in unemployment claims and better-than-expected sales by discount retailers. The Dow Jones industrial average rose 54… on a report that Japan’ssecond-largest banking group plans to cut its net profit outlook for the fiscal year ended in Marchfor a third time to reflect subprime loan-related losses at affiliate Mizuho Securities Co. may fall on a report that the world’s fifth-largest DRAM chip maker is expected to have logged operating loss of 20 billion yen for the year ended March 31, reversing the year-earlier profit of 68. 4 billion yen, due to steep declines in chip prices.
Asian Stocks Rise in US; Chunghwa, Taiwan Semiconductor Gain
Bloomberg – Apr 10, 2008
The companymissed its twice-reduced profit forecast for fiscal 2007 because ofsubprime-loan-related losses at its Mizuho Securities Co. affiliate, Nikkei English News said, without citing anyone. Focus Media Holding Ltd… China'slargest publicly traded advertising company cut its full-yearrevenue forecast for its mobile handset business to a range of $14million to $15. The company previously predicted as muchas $55. To contact the reporter on this story:.
[...] Amgen Develops Six Cancer Drugs as Anemia Sales Fall (Update2)Bloomberg – Apr 11, 20084percent this year. First Attempt Amgen's effort to discover cancer drugs began in 2001,fueled by revenue from the anemia business. Its first marketedmedicine was acquired in 2006 through the $2. 2 billion takeoverof Abgenix Inc. The product, Vectibix for colorectal tumors, waspredicted to generate $2 billion a year in sales. The drug was marketed to physicians and Wall Street as asafer and less expensive alternative to ImClone Systems Inc… 2 billion takeoverof Abgenix Inc. The product, Vectibix for colorectal tumors, waspredicted to generate $2 billion a year in sales. The drug was marketed to physicians and Wall Street as asafer and less expensive alternative to ImClone Systems Inc. Instead of being safer, Vectibix appeared to be more risky. A study of more than 1,000 newly diagnosed patients was halted inMarch 2007 after Vectibix raised the risk of death when used withAvastin. Vectibix ended up generating $170 million in its firstyear on the market.Related: Tokyo shares outlook – Higher on Wall Street rebound; Takeda in focus [...]
[...] AECOM Affiliate, DMJM Aviation, Awarded $25-Million Contract for Los…Earthtimes – Apr 11, 2008Experts from AECOM’s aviation practice, DMJM Aviation, will manage the development program, which includes the Midfield Satellite Concourse, New Large Aircraft gates at the Tom Bradley International Terminal (TBIT), and related projects such as taxiways, tunnels, aircraft ramp areas, utility improvements, and other infrastructure repair and replacement projects that need to be performed to enable construction of these major projects to begin. The one-year contract also calls for AECOM’s aviation practice to mobilize a delivery team to advance these projects, while developing a more comprehensive understanding of the overall CIP, which includes LAX projects that are estimated between $5 and $8 billion over the next 10 years. A notice to proceed was issued on March 20. Once the CIP is further defined, Los Angeles World Airports (LAWA) may, with Los Angeles City Council approval, extend the contract term to continue program management services over a six-year period.Related: Advocate, Out, book publishing division go for $6M to Here! Networks [...]