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...last October. But he also displayed alarming signs of true believerism about web advertising. Disappearing dotcoms made no difference to his bottom line, he said, since traditional companies would pick up the slack. And "the majority of ad spending will be concentrated on the big players"--meaning Yahoo and AOL. (AOL and TIME are part of AOL Time Warner...
This banner-ad Alamo brings Yahoo's entire business model into question. Unlike AOL, Yahoo has no Plan B to drive sales. AOL, a service provider as well as a content provider, collects a steady $21.95 a head per month, while Yahooligans get their Internet access elsewhere and are accustomed to paying squat for content. When Koogle gingerly tried to extract even a nominal fee from users of Yahoo's auction service, 90% of them disappeared in disgust. No wonder he felt like joining them...
...year $500 million stock buyback plan. That will still leave $1.5 billion in the bank, effectively buying time for the company to figure out how to make more money on its own. Certainly Silicon Valley is rooting for Yahoo to stay independent in a world increasingly dominated by the AOL-Microsoft rivalry. "They do have a certain cachet, being the last Switzerland standing," says Sinnreich. Not that cachet alone pleases Wall Street anymore. If Yahoo is going to be Swiss, it had better find some good cheese and chocolate to sell...
TIME.com ON AOL Chat with John Cloud about school violence on AOL at 7 p.m. E.T. on March 14. Keyword: Live...
...Parker and Stone don't seem to have any disdain for the President. Neither voted, and they sold the idea of a sitcom about the presidency to Comedy Central (half-owned by AOL Time Warner, parent company of TIME) the summer before the election; the recount pushed the show back from its planned March debut and also reduced the number of episodes from 10 to eight. In fact, before November, the only plot they had sketched out had President Gore trying to convince people that he was the real President while being usurped by a life-size robot. And before...