No image available
/ 22 January 2008
Battered by slow revenue growth and the popularity of social-networking websites, Yahoo! is poised to lay off hundreds of workers, according to published reports. The New York Times and Wall Street Journal have both reported on the slumping internet icon’s cost-cutting plans, citing people familiar with the matter.
Yahoo! said on Monday it is buying the remaining 80% interest in online advertising exchange Right Media that it does not already own for approximately -million. Yahoo! said shareholders will be paid in roughly equal parts of cash and stock, with Yahoo! assuming the New York-based company’s options and equity awards.
No image available
/ 20 November 2006
Yahoo! will work with seven United States newspaper groups to share online advertising in a deal that could help newspapers tap into the lucrative online ad market. A total of 176 newspapers in 38 states will participate in the deal, reported on Sunday on the website of the New York Times.
Yahoo! says chairperson Terry Semel’s annual salary will be reduced to until 2008 in exchange for millions of company stock options that will give its chief executive an opportunity to build on the -million windfall that he has reaped during the past three years.
Internet giant Yahoo said on Tuesday its second-quarter profit grew sixfold from a year ago to -million, lifted by increased sales across a broad range of services and a one-time gain. That compared with a net profit of -million in the same period a year ago.