May 22, 2012 at 12:06pm ET by Pamela Parker

The Search Alliance between Yahoo and Microsoft had some unintended beneficiaries (now casualties). Yahoo's former senior director of business management, Robert Kwok, has pled guilty to conspiracy to commit securities fraud, after being accused that he told a mutual fund manager in July 2009 that the deal between Yahoo and Microsoft was imminent. Among its many provisions, the deal -- officially announced in late July of 2009 -- called for Microsoft to pay Yahoo $50 million annually, for three years, for implementation costs. The mutual fund manager, Reema Shah, formerly of Ameriprise F [...]

Related Topics: Microsoft: Bing | Yahoo: Business Issues

Report: Scott Thompson To Step Down As Yahoo CEO, Ross Levinsohn To Step In

May 13, 2012 at 12:37pm ET by Greg Sterling

Kara Swisher at AllThingsD is reporting that embattled Yahoo CEO Scott Thompson is going to step down for "personal reasons." Swisher has one or more "moles" inside the company and consistently gets inside information -- which generally turns out to be correct. Thompson's "personal reasons," as we all know, are: misrepresenting that he had a computer science degree. Yahoo EVP Ross Levinsohn is reportedly set to become interim CEO, with the apparent hope that he could take the helm permanently. Swisher adds that the situation is still in flux and could change. The board is apparently meet [...]

8 Products That Might Be On Yahoo’s Chopping Block

Apr 18, 2012 at 4:47pm ET by Matt McGee

Yahoo's product teams are officially on notice. Shortly after announcing Q1 earnings yesterday, new Yahoo CEO Scott Thompson dropped a bomb during the analysts' call when he said the company will be "shutting down or transitioning roughly 50 properties that don't contribute meaningfully to engagement or revenue." He went on to say that Yahoo's focus will be on its "core media connections and commerce businesses," such as Yahoo News, Yahoo Sports, Yahoo Mail and a few other successful Yahoo properties. But what about the 50 properties that are destined to be shut down or transitioned [...]

Yahoo Q1: Revenue Beats Expectations, Search Up 8 Percent

Apr 17, 2012 at 4:54pm ET by Greg Sterling

A short while ago Yahoo released Q1 earnings, which exceeded financial analysts' consensus estimates. Total revenue was $1.22 billion, up 1 percent year-over-year (YoY). Net earnings were $286 million, representing 28 percent YoY growth. Total search revenue was $470 million, up 3 percent vs. last year. Search revenues (ex-TAC) were up 8 percent to $384 million (vs. $357 in Q1 2011). Total display ad revenues were down 2 percent, however, to $511 million. The search gains came notwithstanding a decline in overall query volume last quarter, according to comScore. New CEO Scott Thom [...]

Related Topics: Yahoo: Business Issues | Yahoo: Search

Yahoo’s Re-Organization: Search Stays Alive, At Least On Paper

Apr 10, 2012 at 1:42pm ET by Matt McGee

Following last week's layoffs of about 2,000 employees, new Yahoo CEO Scott Thompson announced today an overhaul of the company's structure -- and, despite concerns about the future of Yahoo search, it remains alive. At least in the memo that Thompson sent to Yahoo employees this morning. Yahoo's new corporate structure will take effect on May 1st and have three primary divisions: Consumer - this will have three units: Media, Connections and Commerce Regions - this is the division that serves Yahoo advertisers and is "accountable for all Yahoo revenue" Technology - the infrastructure [...]

Related Topics: Top News | Yahoo: Business Issues | Yahoo: Search

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