Archive for June, 2013

9th Circuit: Same-Sex Marriages Can Resume in California

June 28, 2013  |  Variety  |  No Comments

Same-sex marriages can resume immediately in California, after the 9th Circuit on Friday lifted a stay following the Supreme Court’s refusal to take up the merits of upholding the state’s ban on gay nuptials. The high court ruled 5-4 on Wednesday that proponents of Prop. 8 did not have standing to appeal a trial court... Read more

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News Corp. Split Official

June 28, 2013  |  Media Week  |  No Comments

News Corp.’s long-awaited split is official. Rupert Murdoch’s media behemoth Friday completed the separation of its entertainment from its news and information businesses into two publicly traded companies. The new News Corp (spelled with no period, differentiating it from the previous conglomerate) is comprised of Murdoch’s newspapers worldwide, including The Wall Street Journal, New York Post and The Times of London, as well as couponing, book publishing, digital education and other businesses. Post-separation, News Corp, split off so as not to be a drag on the faster-growing entertainment side, will emerge the biggest U.S. newspaper publisher , bigger than Gannett Co. and the New York Times Co. put together.

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News Corp. Split Means Big Test for Stocks

June 28, 2013  |  Variety  |  No Comments

News Corp. completed the spinoff of its publishing assets Friday, setting the stage for both companies to prove themselves on the open market. Shares for both companies began early trading on June 19, but normal trading will begin next week. “The big event is really Monday,” said RBC Capital Markets analyst David Bank. “They’re two... Read more

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Silicon Valley Congress Members Try to Save Patent Funding

June 28, 2013  |  All Things Digital  |  No Comments

Three Silicon Valley U.S. Congress reps are trying to exempt the U.S. Patent and Trademark Office from budget sequestration. Their proposed bill  would unlock $150 million worth of fees and allow progress to continue on opening new patent offices, including one in Silicon Valley. While growth in patent applications, patent stockpiling and especially patent lawsuits has made many techies wary of the space, the lawmakers are calling this the Patents And Trademarks Encourage New Technology (PATENT) Jobs Act and saying speedy patent approvals promote economic growth.

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Broadway May Be Closer to Earning an IRS Write-Off

June 28, 2013  |  Variety  |  No Comments

With the recent announcement by U.S. Sen. Charles E. Schumer (D-N.Y.) of his intention to introduce the Stage Act of 2013, the legit industry may be one step closer to earning an IRS write-off.

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Broadway May Be Closer to Earning an IRS Write-Off

June 28, 2013  |  Variety  |  No Comments

With the recent announcement by U.S. Sen. Charles E. Schumer (D-N.Y.) of his intention to introduce the Stage Act of 2013, the legit industry may be one step closer to earning an IRS write-off.

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New Intel CEO Says Intel TV Sounds Great In Theory. But…

June 28, 2013  |  All Things Digital  |  No Comments

Since February Intel executives have been promising to launch a Web TV subscription service sometime this year. And they’re still making those promises. But Intel also has new CEO. And while Brian Krzanich is still supporting the TV project, led by BBC veteran Erik Huggers, he doesn’t sound convinced about Intel TV’s prospects. This messaging comes from a Reuters piece, which says Krzanich took a “cautious tone” about Intel TV in a recent interview (presumably today), and “said Intel continues to look at the business model”. The Reuters piece doesn’t spend a lot of time on Kraznich’s TV comments. Which makes sense, because even if he was incredibly enthusiastic about TV, that business would be a small play for Intel for some time. Here are the two quotes Reuters provides from him on the topic: *”We believe we have a great user interface and the compression-decompression technology is fantastic. But in the end, if we want to provide that service it comes down to content. We are not big content players.” *”We’re being cautious. We’re experts in silicon, we’re experts in mobility, in driving Moore’s law,” Krzanich said. “But we are not experts in the content industry and we’re being careful.” I wasn’t in the interview, but will assume Reuters captured Kraznich’s tone and words correctly (I’ve asked them for content). And if they did, all it really means is that Kraznich has the same question everyone outside of Intel has about Intel TV — can the company really get their hands on enough programming, at the right price, to make a product that would compete with traditional pay TV? We won’t know that until Intel actually launches — or at least until they’ve announced distribution deals with the major TV networks. So far they haven’t. And although there has been recent speculation that entrenched incumbents like Time Warner Cable are blocking their way, people with knowledge of Intel’s negotiations with the biggest programmers say that’s  not the case : If Intel is willing to pay up, the networks will put out. Let’s see what happens over the next six monts.

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Happy Friday! Yahoo Kills a Dozen Products.

June 28, 2013  |  All Things Digital  |  No Comments

It’s Friday afternoon, which means it’s time to take out the trash. In a quiet blog post after markets closed, Yahoo announced it will be “sunsetting” 12 of its services over the coming months, beginning as soon as today. Among the casualties is Yahoo Axis, a rather attractive and creative search browser the company debuted just one year ago. Also particularly relevant and perfectly timed: Yahoo is deep-sixing its RSS alerts, dovetailing exactly with the much bemoaned death of Google Reader on July 1. Users are encouraged to take up another of the company’s services, Yahoo Alerts, which relies on email to inform users of news. Another biggie: After nearly two decades of existence, Yahoo is putting a bullet in the head of search engine Alta Vista.

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Richard Nanula, Colony Capital Face Paralegal’s Sexual Harassment Suit (Exclusive)

June 28, 2013  |  Variety  |  No Comments

Richard Nanula, who took a leave of absence from Colony Capital earlier this week amid the emergence of sexually explicit photos posted online, was the subject of a sexual harassment suit that a paralegal at his company filed in January. Stephanie Shaw, hired as a temporary paralegal in February, 2011, and to a permanent position... Read more

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No Room for Rivals: Android, iOS Maintain Smartphone Dominance

June 28, 2013  |  All Things Digital  |  No Comments

Some good news for Apple, Samsung and Google in comScore’s latest smartphone metrics, and some bad news for their rivals. For the three-month period ended in May, Apple and Samsung once again ranked as the top U.S. smartphone manufacturers. Apple captured a 39.2 percent share of the market, up 0.3 points from the prior period; Samsung grabbed 23 percent, up 1.7 points. HTC, Motorola and LG rounded out the top five OEM list, none with a share above 10 percent. In the smartphone platform space, comScore’s measurements show the market largely in a same-as-it-ever-was state, with Google’s Android OS and Apple’s iOS utterly dominating it. Android captured 52.4 percent of the smartphone platform market during the period, a small gain over the 51.7 percent it claimed in the previous period. iOS’s share of the market also rose slightly, to 39.2 from 38.9. And how are Microsoft and BlackBerry doing in a U.S. smartphone market that’s 91 percent controlled by Apple and Google? Not too well. For the period comScore surveyed, BlackBerry claimed a 4.8 percent share, down from the 5.4 percent share it nabbed previously

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