Archive for June, 2012

TNT Orders a Second Helping of ‘Dallas’; Sheen Scores for FX

June 29, 2012  |  Media Week  |  No Comments

Just three episodes into its premiere run, TNT’s Dallas reboot has earned a second season order. The Turner network has ordered 15 episodes from Warner Horizon Television, with plans to bow them sometime in 2013. After debuting June 13 to 6.86 million viewers and 1.93 million adults 18-to-49, Dallas ’ deliveries in week two fell 30 percent, with an average draw of 4.76 million viewers. The demo was more stable, dropping 17 percent to 1.61 million adults 18-to-49. Episode three also showed slippage, although the declines weren’t as severe. On June 27, Dallas served up 4.08 million viewers and a 1.1 rating in the demo. In head-to-head competition at 9 p.m.

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At Long Last, Beats Nearly Ready to Finalize Deal to Acquire MOG Music Service

June 29, 2012  |  All Things Digital  |  No Comments

This deal has been coming for a long while, but Beats is just about ready to announce its plans to acquire the MOG music service, according to CNET . AllThingsD first reported the deal was in the works back in March.

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At Long Last, Beats Nearly Ready to Finalize Deal to Acquire MOG Music Service

June 29, 2012  |  All Things Digital  |  No Comments

This deal has been coming for a long while, but Beats is just about ready to announce its plans to acquire the MOG music service, according to CNET . AllThingsD first reported the deal was in the works back in March.

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Yahoo’s Longtime Top Lawyer Mike Callahan Departs (Internal Memo!)

June 29, 2012  |  All Things Digital  |  No Comments

Mike Callahan, Yahoo’s longtime and powerful general counsel, is leaving the company. According to an internal memo, which is embedded below, Callahan does not have another job. But sources said that he has been considering departing the Silicon Valley Internet giant since the beginning of the year. Ron Bell, who is now deputy GC for products and the Americas region, has been named interim GC reporting to interim CEO Ross Levinsohn. It’s all very interim (except me — I started covering Yahoo in the mid-1990s and I never go away!). Callahan has been around a long time too, serving as the top lawyer at the company for almost a decade, after arriving at Yahoo in 1999. In his job, he has been in charge of legal affairs and public policy globally. In addition, he has played a very powerful role on a range of strategic, corporate governance and transactional issues at Yahoo. That has included everything from Yahoo’s nasty hostile takeover battle with Microsoft to its eventual search and advertising partnership with the software giant. He has also been a key adviser to Yahoo’s musical chair series of CEOs over the last few years. Callahan has also been deeply involved in Yahoo’s current patent settlement negotiations with Facebook — which, by the way, he was integral to waging under former CEO Scott Thompson. Those talks are ongoing, although complex, with a likely cross-licensing agreement at some point in July. Sources said that Callahan’s departure has nothing to do with the current investigation into the circumstances around the fake computer science degree on Thompson’s bio that caused a firestorm at Yahoo. Several directors are looking into the controversy, most especially how the false information got into Yahoo’s legal filings. That aside, the quiet and self-effacing Callahan has certainly been one of the steadier members of the management team over the years and his departure from Yahoo is a major one.

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Facebook Announces July 26 Q2 Earnings Call, Its First as a Public Company

June 29, 2012  |  All Things Digital  |  No Comments

Facebook updated its investor relations page on Friday, announcing July 26 as the date for the second quarter results of the company’s financials. It is the first earnings call for the company since it went public in May. It will no doubt be a closely scrutinized first earnings call, as the company continues to face mounting questions on its advertising strategy, its potential for mobile monetization and the impact of a slowing signup rate on the site as a whole. This, especially in light of a decline in overall revenues moving from the fourth quarter of 2011 into the first of this year, and a reported sharp last-minute curtailing of analyst’s estimates in the days leading up to the IPO process. Also of note: It’s the first earnings call for CEO Mark Zuckerberg, the 28-year-old company CEO who, in his founder’s letter accompanying the company’s S-1 filing, has essentially made no bones about showing his complete lack of concern for what Wall Street thinks of his leadership. As Zuckerberg famously stated in the letter : “We don’t build services to make money; we make money to build better services.” Though noble in his intent, those lofty aspirations will do little to sate the investment banks, retail investors and those who have poured billions into one of the most highly sought tech stocks of the past decade. Others I’d expect to see on the call include COO and newly appointed boardmember Sheryl Sandberg, the woman who led the charge of turning an immensely popular social startup into a viable business. CFO David Ebersman will also most likely be on the call, though it will be interesting to see how active of a role he’ll take, considering the amount of flak received after May’s ugly IPO. But as the person in control of Facebook with nearly 57 percent of voting power granted by his shares, Zuckerberg needs to be the one to take charge of the call. And with less than a month to go before his big day, he’ll have time to practice.

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Facebook Announces July 26 Q2 Earnings Call, Its First as a Public Company

June 29, 2012  |  All Things Digital  |  No Comments

Facebook updated its investor relations page on Friday, announcing July 26 as the date for the second quarter results of the company’s financials. It is the first earnings call for the company since it went public in May. It will no doubt be a closely scrutinized first earnings call, as the company continues to face mounting questions on its advertising strategy, its potential for mobile monetization and the impact of a slowing signup rate on the site as a whole. This, especially in light of a decline in overall revenues moving from the fourth quarter of 2011 into the first of this year, and a reported sharp last-minute curtailing of analyst’s estimates in the days leading up to the IPO process. Also of note: It’s the first earnings call for CEO Mark Zuckerberg, the 28-year-old company CEO who, in his founder’s letter accompanying the company’s S-1 filing, has essentially made no bones about showing his complete lack of concern for what Wall Street thinks of his leadership. As Zuckerberg famously stated in the letter : “We don’t build services to make money; we make money to build better services.” Though noble in his intent, those lofty aspirations will do little to sate the investment banks, retail investors and those who have poured billions into one of the most highly sought tech stocks of the past decade. Others I’d expect to see on the call include COO and newly appointed boardmember Sheryl Sandberg, the woman who led the charge of turning an immensely popular social startup into a viable business. CFO David Ebersman will also most likely be on the call, though it will be interesting to see how active of a role he’ll take, considering the amount of flak received after May’s ugly IPO. But as the person in control of Facebook with nearly 57 percent of voting power granted by his shares, Zuckerberg needs to be the one to take charge of the call. And with less than a month to go before his big day, he’ll have time to practice.

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Where Are Yahoo’s Ad Tech Outsourcing Plans? Complicated and in Limbo

June 29, 2012  |  All Things Digital  |  No Comments

Yahoo has been making a flurry of content deals of late, all part of interim CEO Ross Levinsohn’s plan to turn the company into a media giant. But what about the other part of Levinsohn’s plan — possibly outsourcing a big chunk of the Silicon Valley Internet giant’s ad-servicing business? As it turns out, doing so is awfully complex and fraught. And, since Yahoo’s board hasn’t officially given Levinsohn the top job as yet — there is an active job search effort going on looking at him, as well as others — the planning process gone into neutral, said sources. But if Levinsohn does get the go-ahead, things could get very interesting. As in, a major tie-up with Google interesting . That’s one of the options Levinsohn and his team have been considering, as they contemplate a strategy that would hand over much of Yahoo’s ad tech operations to outsiders

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Savannah Guthrie Named Co-Anchor of NBC’s ‘Today’ Show

June 29, 2012  |  Media Week  |  No Comments

NBC on Friday made it official, announcing it has tapped Savannah Guthrie as the new co-anchor of the Today show. The confirmation comes just one day after Ann Curry made her tearful exit. Guthrie has hosted Today ’s 9 a.m. hour since June 2011 and is NBC News’ chief legal correspondent, a role she will continue to hold down after she takes her seat on the couch next to Matt Lauer. While Guthrie filled in for Curry on this morning’s show, no official word of her succession was made on the air.

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Google’s Nexus 7 Tablet Headed to Retail Shelves

June 29, 2012  |  All Things Digital  |  No Comments

When Google announced its Nexus 7 tablet on Wednesday , the company focused on the fact that it would be available directly from the Google Play Web site. However, sources close to both companies indicated that there was a retail strategy for the devices, as well . That’s starting to come into focus, with GameStop announcing on Friday that it has started taking preorders for the 16 gigabyte version of the Asus-made device, which costs $249. The device is due to be available from GameStop in mid-July, the same time frame given by Google for Web orders. Expect other retailers to announce their plans to carry the Nexus 7 in the coming weeks, sources say.

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Studios, craft unions reach tentative deal

June 29, 2012  |  Variety  |  No Comments

Top News: Majors, drivers and four other unions come to three-year agreement

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