Speaking at the outlet's Reuters Media Summit, DeWolfe said that MySpace's "revenue and profits are significant and they continue to grow in spite of the poor economy." Fox Interactive Media, the News Corp. division that encompasses MySpace, Photobucket, and other digital properties, was declared the top destination for display ads on the Web several months ago.
But display ads will be hit hard as … Read more
Analyst firm eMarketer has reduced its estimate for online ad spending in 2008 to $23.6 billion from its August estimate of $24.9 billion, with this year's online ad growth rate of 11.3 percent dropping to 8.9 percent in 2009.
Looking on the bright side, eMarketer said in a statement, "It is important to note that the lowered estimate still represents an increase of 11.3 percent over 2007 spending." And eMarketer expects spending to reach $25.7 billion in 2009, $28.5 billion in 2010, and ultimately $42 billion in 2013.
But the … Read more
A few weeks back I was watching Larry King Live, and his guest was Bill Clinton. They were talking about the financial crisis and Bill said something to the effect of, "You and I, we're going to be fine. Guys like us don't have to worry."
I guess guys like them are about the only people who could actually afford Runco's $40,000 VideoWall VW-100HD 100-inch display.
Now, of course there are businesses that will be interested in purchasing a 100-inch screen, but I get the feeling Runco sells more than a few of these to individuals as well, since according to the company, it is the "leading brand in luxury video solutions."
OK, enough of my bitter "I don't make as much money as Bill Clinton and Larry King and never will" hate speak.
The screen supports full 1080p HD resolution, and according to Runco, its VideoWalls are not as susceptible to the washed-out effect ambient light can have on screens. Runco's "Constant Contrast" technology allows the screen to incorporate frame-by-frame contrast correction to keep black levels low, regardless of ambient light, and the VW-100HD can purportedly reach contrast ratios in excess of 5000:1 ANSI.… Read more
Growth projections for online advertising received another knock to the knees on Monday, as analysts continued to lower their outlooks.
The online advertising industry is expected grow 11 percent in the U.S. and 9 percent worldwide next year, down from a previous estimate of 13 percent for both figures, according to a research note by analyst Jeff Lindsay of Sanford C. Bernstein & Co.
Earlier this the month, Jim Friedland of Cowen & Co. placed a much more dire outlook on the industry, predicting an anemic 3 percent growth in the U.S. next year, down from his previous … Read more
With the Monday evening announcement that Jerry Yang would step down as its chief executive, Yahoo's search for his replacement will not only be closely watched by its investors but also by the folks at Microsoft, according to sources.
In part, two people industry players and headhunters point to as possible good fits already have Redmond running through their veins. One is former Microsoft online and Windows chief Kevin Johnson, who recently left to take a CEO post at Juniper Networks, and the other is Brian McAndrews, senior vice president of Microsoft's Advertiser and Publisher Solutions Group, who … Read more
Yahoo fell as much as 4 percent in early morning trading Thursday, pushing the Internet pioneer's share price into the $9 range.
Shares of Yahoo dipped as low as $9.92 a share, even as broader markets moved upward.
For Yahoo, its share price has been slipping in $1 increments at a rapid rate, creating a dark cloud around its ticker. The company's share price closed in the $10 range on Wednesday. It was in the $11 range on October 15, the $12 range on October 9, the $13 range on October 8, and the $14 range on … Read more
One of the hottest products in consumer electronics is finally cooling off.
A report released Tuesday confirms that flat-panel television shipments to retailers are beginning to tail off. Specifically, LCD and plasma TV shipment grew just 21 percent, and 20 percent, respectively year over year during the third quarter of 2008, according to DisplaySearch's Quarterly Global TV Shipment and Forecast Report.
That's by far the most meager growth for this category in the past two years. The previous six quarters' growth have all exceeded 41 percent compared to the previous year.
We're on the brink of a … Read more
Yahoo has named a former MSN executive to head its media operations, as its former media executive Scott Moore exits.
Jeff Dossett, former MSN Media Network executive producer and general manager, has joined Yahoo as senior vice president of U.S. Audience. He will oversee the company's media properties from Yahoo Finance to Yahoo News, the company said Monday.
Dossett, who will report to Hilary Schneider, executive vice president of Yahoo U.S., is replacing Scott Moore, also a former MSN executive.
Online advertising is expected to take a steeper hit than previously expected, but some sectors within the industry may feel the pain less than others, according to two separate reports released Monday.
Online advertising worldwide is now expected to grow at a slower rate of 25 percent this year compared with earlier projections of 28 percent, according to a research note by JPMorgan analyst Imran Khan. The situation for next year is also expected to deteriorate further than previously expected, with 13 percent growth compared with an earlier forecast of 19 percent growth.
Said Khan in his research note:
Overall … Read more