Two years after he left, the ghost of TV executive Lloyd Braun still haunts Yahoo. Which is why a report of lost perks in Yahoo's L.A. office turned into an evisceration of the ex-exec.

With 1,500 employees gone today, Yahoo has surely hit bottom. The company's third act begins today — either an amazing rebirth, a disappearance into Microsoft, or a slow grind into irrelevance. How did those become its options?

Hollywood's savvy hustlers have struck again, with Lloyd Braun and Gail Berman convincing Yahoo and Microsoft to hire BermanBraun to produce a content portal for MSN and a contentpole for Yahoo called "Lunacy Report," according to sources cited by All Things Digital. For the ADD-affected with long term memory…

Last we heard from Yahoo SVP Scott Moore, he announced that Yahoo would introduce a singing newsreader for Yahoo News. That plan, possibly a joke gone awry, eventually disappeared. Kinda like the career of his predecessor at Yahoo, Lloyd Braun. But luckily for him, and for Yahoo shareholders, Moore, who's now adding…

Remember how Yahoo exec Brad Garlinghouse, in his now-famous "peanut butter manifesto," complained Yahoo, under former CEO Terry Semel, spread its resources too thin over too many projects and too many ideas? Turns out Semel doesn't just have trouble picking business projects to fund.. The man is just as unable to…

· The Venice Film Festival opening film—a WWII drama starring Keira Knightley called Atonement—was screened to mostly positive word of mouth, a triumph capped by fest organizers allowing star James McAvoy to have full access to the controls of the Ceremonial Wrecking Ball. [Variety]
· Renee Zellweger and Harry…

Lloyd Braun, the famously inept media executive who flamed out of a gig at Yahoo, is back on the Internet. He's got a "first-look" interactive deal with Pepsi's entertainment arm, according to Kara Swisher at AllThingsD.com. That's Hollywood-speak for saying that Pepsi has the option to use any online-entertainment…

Nestled between today's Page Six items concerning a Diddy goon's seizure of a digital camera memory card that may have contained unauthorized images of their boss dancing with Sienna Miller and a discarded Trump trophy wife's endorsement of Hillary Clinton's presidential ambitions is this bizarre mash-note about …

· Studios aren't as horny as usual to pimp their event movies during the Super Bowl, preferring to spend their ad dollars on hit primetime shows instead of the year's biggest advertising orgy. But for those who change their minds, there's plenty of available space towards the end of the broadcast, when drunken…

The LAT reports that recently ousted Paramount lieutenant Gail Berman is joining forces with long-ago ousted ABC executive Lloyd "I Totally Came Up With 'Lost' And All I Got Was This Lousy, Short-Lived Gig At Yahoo!" Braun to form the creatively named multimedia (TV/internet/movies/short-wave radio plays, if that's…

Sorting through the fallout of yesterday's announced reorganization at Yahoo! is a job best left to tech-dirt-shovelling sister site Valleywag (we could never hope to equal our boss's facility with neon green arrows), but we've seen corporate reshuffling victim and former ABC bigwig Lloyd "Ever Hear Of 'Desperate…

Just like Christmas in July, New Year predictions deserve a mid-year refresher — especially since Valleywag wasn't here for New Year's. Valleywag predicts that by the end of 2006:

CEOs and founders may fight, but little guys have the best horror stories, whether they're sitting outside the VP's office for an hour or losing their fancy chairs. An alleged employee at Lloyd Braun's Yahoo Media Group sent this inside report. Make sure you read the whole story.

Let's bring TV to Yahoo" might not get laid off after all. Yahoo Media Group head Lloyd Braun must be cheering over the new Pepsi-branded show hosted by Yahoo, "The 9." This daily show features a pretty woman discussing popular news items from around the Internet. (This, of course, has never been done.)

Poking fun at Lloyd Braun's pointless job may be fun, but the Yahoo Media Group head is no dummy — his TV biz skills are just pointless at a company that doesn't want to make content. But a reader says that Lloyd's putting one classic skill to work.

A reader respins the Yahoo Media Group reorg, saying CNET exec Vince Broady (pictured) could be the upstart to unseat YMG head Lloyd Braun. (Broady was named in news reports today after Valleywag ran a less specific tip yesterday.)

Hot damn, Yahoo Media Group is on fire, according to this tipster. If the report is true, the new Yahoo Studios Group could be just what YMG head Lloyd Braun needs to reassert his value to the company.

Terry Semel, Yahoo CEO and boss of Lloyd Braun (pictured), this morning:

British media blogger "Guido Fawkes" reports from the We Media conference on his site:

Valleyspeak comes in many forms. Sometimes it takes a detailed translation; sometimes a simple key unlocks a world of meaning.