Yahoo founder Jerry Yang is stepping down as CEO, and a search is underway for a replacement after a tumultuous 18 months on the job. Which is curious. In a recent interview, Yang had just told AllThingsD's Kara Swisher, "In this uncertain environment, I think I am absolutely the right person" to lead Yahoo. He must…
When the Yellowstone Club filed for bankruptcy earlier this week, company execs were quick to reassure the clubs roster of billionaire moguls that the resort would remain open for the ski season. Now it looks like Bill Gates, Barry Sternlicht, Peter Chernin, Dan Quayle and the club's other members are going to need…
♦ Peter Chernin, Rupert Murdoch's right-hand at News Corp., may be planning to depart the company in the near future. [LAT]
♦ 60 Minutes has snagged the first interview with Barack Obama. [THR]
♦ WWD has a roundup of how magazines will fare overall in 2008. Most of the news is depressing, yes, but there are a…
It looks like hotel mogul Barry Sternlicht, Microsoft co-founder Bill Gates, and Hollywood boss Peter Chernin may need to make some adjustments to their 2009 vacation itineraries: The Yellowstone Club, the invitation-only private ski and golf resort in Montana for the exceedingly wealthy, filed for Chapter 11…
Two weeks after News Corp COO Peter Chernin told an audience in New York that MySpace ads are ahead of target, the site launched a self-serve ad system at advertising.myspace.com. Aimed primarily at musicians and small businesses, the ads start at a $25 minimum for a campaign. The big difference from Google's…
News Corp. COO Peter Chernin told Wall Street investors yesterday that social network MySpace is selling ads "above where we expected" and better than the rest of the marketplace. Which is funny, because a Madison Avenue's interactive ad agency exec was just telling me the other day that "you buy MySpace only if you…
When NBC Universal jumped into bed with Rupert Murdoch's News Corp. to launch YouTube-competitor Hulu, you just knew things were going to get tawdry. Murdoch, after all, has shrewdly and repeatedly exploited the draw of sexual content, at UK newspaper The Sun (with its page three girls), on TV network Fox and…
Back in August 2006, when Google agreed to pay News Corp. $900 million to serve ads against MySpace, News Corp. COO Peter Chernin bragged, "Whoever said it remains to be seen whether we can monetize [MySpace], hopefully it's a little clearer this week." Almost two years later, "monetizing" MySpace seems more…
Some guys really know how to turn on the charm. Take CAA agent Dan Aloni for example, who reps directors Christopher Nolan, Michel Gondry and Tom Shadyac (among others) and who we hear recently talked his way right off the Fox lot after a tiff with Fox Atomic production boss Debbie Liebling. It seems everything was…
When News Corp. announced its Fox Interactive division — the unit built around MySpace — would miss its targets, COO Peter Chernin offered three excuses reasons why. Since we noted them yesterday, an agency exec whose clients advertise on MySpace took a moment to respond to Chernin's three points:
There's only so much ledge-prancing, saber-rattling, gun-pointing madness a person can get away with spinning in the press, and at a glance, anyway, it appears SAG national executive director Doug Allen may be faking the labor funk a little too aggressively. Now that his union's extended (and re-extended)…
Somehow, Fox Interactive revenues dropped last quarter despite traffic to MySpace, the News Corp. Web unit's main property, growing. News Corp. chairman Peter Chernin offered three excuses:
How badly does News Corp. want to move MySpace out the door? During yesterday's quarterly earnings call with analysts, News Corp. president and COO Pete Chernin and chairman Rupert Murdoch said they haven't discussed a merging properties with Microsoft, AOL or Yahoo in quite some time. Like maybe 14 days. Chernin:…
Fox Interactive Media, News Corp.'s Web division overseeing properties including MySpace, Photobucket and Rotten Tomatoes, saw its revenues drop in the second quarter to $210 million., from $233 million in the previous quarter. News Corp. president and COO told analysts today that the division would not meet its $1…
With news that 138 acres of land just west of the H in the Hollywood sign have been put up for sale yesterday by Chicago investors, the last impediment to Mt. Mogulmore—Les Moonves's masterplan of constructing an enduring companion monument to the nine-letter icon—is but a mere $22 million check away.
In case you were too consumed with your Super Bowl preparations to scroll through the scores of "THE STRIKE IS OVER!!!" e-mails filling up your BlackBerry, various reports touting "progress" fueled by a breakthrough in Friday's informal deal-chat surfaced over the weekend, filling Hollywood with the kind of cautious…
· Giving the thousands of writers who will descend upon the Fox lot for tomorrow's mass picket a little extra motivation, News Corp. president Peter Chernin claims that his network will save more money from unpaid deals, story, and pilot costs than it stands to lose during a strike. It remains to be seen whether or…
A News Corp. source is confirming that MySpace honchos Tom Anderson and Chris DeWolfe — the site's founders in name, if not in fact — have signed new contracts. How much did it take to keep the pair from bolting MySpace, even as it keeps losing ground to rival social network Facebook? It's been reported the pair…
"YouTube could do a much more aggressive job about taking down content that is a copyright violator... It's pretty safe to say that [Google has] the technology available... it's publicly available and I haven't yet heard a lot about Google being technologically constrained." — News Corp. president and COO Peter…
News Corp. President Peter Chernin on the Financial Times, a rival to the company's newly acquired Wall Street Journal: "We don't want to buy the FT. News Corp will crush it." [Scotsman]
