Newspaper wrap-up: Google has a difficult time getting ad revenue from YouTube
Posted Jul 9th 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Delta Air Lines (DAL)
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MAJOR PAPERS:
- Corporate advertisers are not flocking to YouTube despite the fact that the video sharing site attracts one billion views a day, upsetting Google Inc's (NASDAQ: GOOG) expectations for a strong revenue stream, according to the Wall Street Journal. Total ad revenue for Google this year will be about $200M from the site, where the company is counting on growth beyond its text ads from Web searches.
- A day after Microsoft Corporation (NASDAQ: MSFT) said it would be interested in reopening talks to acquire some of all of Yahoo! Inc (NASDAQ: YHOO) if Carl Icahn's proxy battle succeeds, the Wall Street Journal reported that Yahoo! CEO Jerry Yang accused Microsoft of "trying to destabilize" the company "without a real desire to complete a deal".
OTHER PAPERS:
- The Atlanta Journal Constitution reported that Comair, a subsidiary of Delta Air Lines Inc (NYSE: DAL), is set to cut 300 pilots and 220 flight attendants from its staff. The paper said the layoffs will go into effect in September when Comair cuts its flight schedule as part of Delta's capacity cuts and will affect crew members based at Cincinnati/Northern Kentucky International Airport and New York's John F. Kennedy International Airport.
WEB SITES:
- Iran successfully test-launched a long-range version of its Shahab-3 missile, according to Iranian news service Al-Alam. The missile can reach U.S. military bases in the Persian Gulf and Israel.
Tags: capacity cuts, CapacityCuts, Carl Icahn, CarlIcahn, Comair, DAL, Delta Air Lines, delta airlines, DeltaAirLines, GOOG, Google, Google Inc, GoogleInc, Icahn, Iran, Jerry Yang, JerryYang, microsoft, missile, MSFT, proxy battle, ProxyBattle, Yahoo, YHOO, youtube, youtube.com
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