In BoomTown’s bold quest to annoyingly stick a Flip digital video camera in the face of every Yahoo senior exec, this week I worked the last nerve of its CTO and EVP of Products, Aristotle “Ari” Balogh.

Actually, the 45-year-old Balogh is a very calm and pleasant man, especially considering the huge responsibility that has been foisted on him by CEO Carol Bartz to rejigger how Yahoo (YHOO) makes its products and services and deploy its technology in a more efficient, centralized and most of all, innovative manner.

It is actually a process that was started under the previous leadership, especially President Sue Decker.

But now, after a number of reorgs, a wide swath of Yahoo is under Balogh’s purview–from search to open initiatives to product development to trying to fix Yahoo’s big problem of never quite getting its innovations out the door.

To explain all this, Balogh sat down with me twice–he is clearly a glutton for punishment–to talk about where Yahoo stood as it sought to dig itself out of its long slump and reemerge as the potent Internet force it once was.

While he successfully avoided the questions about Yahoo’s talks to do a search and advertising partnership with Microsoft (MSFT), he did talk about his view of its new Bing search service (well done, but can it scale?–which is an engineer’s favorite schoolyard taunt).

He also addressed the bigger question of how Yahoo can stay relevant in the fast-changing Web 2.0 world.

To Balogh, copying trendsetters like Facebook is not the answer. For example, he noted that Yahoo is more a place where consumers do “one-way” follows of things important in their lives rather than wanting another social-network service (which Yahoo has tried and failed at, actually).

“We’re not going to be another social network,” said Balogh flatly, agreeing that that boat has already long sailed without Yahoo on it with a significant product–Yahoo famously failed to buy Facebook, well before Balogh arrived in early 2008 from VeriSign (VRSN). “But we can be a place where people make and manage the important connections they have.”

How this will all play out is one of the most interesting questions in Silicon Valley because–even after all the turmoil–Yahoo remains one of the largest sites on the Web.

About 500 million monthly unique visitors enter its homepage and course through its vast site constantly, from its search pages to its massive email and instant-messaging services and its popular suite of content sites.

No one says Yahoo is not big–what everyone says is that it has missed many major and critical Internet trends as it has become mired in a management morass and external battles.

Now, with new leadership in place, observers are waiting to see what’s next.

In this regard, it is important what Balogh thinks since he is perhaps Yahoo’s only person who even closely resembles a Web product visionary now that former CEO and co-founder Jerry Yang has stepped aside and Bartz has taken up command.

While he typically shies away from the spotlight, he is not bashful about talking about Yahoo’s infamous lugubrious development process.

“We have pockets of great technology that we have to really put back together into a coherent infrastructure,” said Balogh. “We have to get the basics right and focus on those core daily experiences that make Yahoo extraordinary.”

That is easier said than done, especially when changes impact so many consumers and, of course, the bottom line. Choosing what key trends to attack is harder for a large public company like Yahoo, which has a lot to protect in its current businesses.

“There will always be a battle between new ideas and monetization,” said Balogh. “The question is how much do you push that line back and forth?”

That fine line will surely be tested with the rollout of its new homepage in the fall, a long project that has been codenamed “Metro.”

“It is not a radical departure, but we have given users more power to do what they want and also serve as the best of Web versus that is already inside of Yahoo,” said Balogh of the new homepage. “With technology, it is always a push-pull.”

Here’s my video interview with him, talking about all this and more:

Jeff Zucker runs one of the world’s leading media and entertainment content companies, which is also being caught in the throes of a major shift, due to the impact of the Internet over the last decade.

In this onstage interview with me at the seventh D: All Things Digital conference, Zucker talks about the state of the television business; the changing advertising market; the impact of Hulu, an online premium video joint venture the GE (GE) unit NBC launched with News Corp. (NWS); and precisely what he meant when he said that the Web was turning “analog dollars into digital pennies.”

Here’s the video of the full D7 session (the video does not include a short intro video done by NBC’s “Late Night” host Jimmy Fallon, which includes a ribald joke about Zucker marrying Courtney Cox):

Microsoft just announced in a blog post that it was “integrating more real time data into our search results, starting with some of the more prominent and prolific Twitterers from a variety of spheres.”

Microsoft (MSFT) said it is not indexing all of Twitter in its new Bing search service–not yet, that is–nor has it made any kind of exclusive deal with Twitter to add this real-time feed.

Recent tweets will be prominently displayed near the top of the search page, but could also be spread throughout the results.

The feature is now rolling out, so might not be able to be accessed immediately. It will be updated every minute, said Microsoft.

Microsoft is the first major search service to do this on a regular basis, using public programming interfaces, or API’s, available to anyone from Twitter–and it is an aggressive move, which seems to be part of its major push by Bing (which is, in fact, seeing some share gain in yet another report released today).

But, all are moving in that direction. While neither Google (GOOG) nor Yahoo (YHOO) is regularly indexing any part of the microblogging service’s real-time data stream yet, both have been testing the idea internally.

All three, though, do index static Twitter profiles in some way in their search results. They also can show older tweets that have specific keywords in them.

The Microsoft effort is different, and, um–and I had absolutely no idea that the company was doing this–appears to include BoomTown tweets, as well as those from other tech bloggers like Search Engine Land’s Danny Sullivan and a “few thousand people to start.”

Still, in a mission-accomplished effort to creep me out, Microsoft’s Sean Suchter, general manager of its Silicon Valley Search Technology Center, noted in the blog, “starting today, when you search for these folks names in association with Twitter, you’ll see their latest Tweets come up in real time on Bing’s search results.”

He then used my name and Twitter profile as an example, displaying some of my duller tweets of stories I had posted on All Things Digital.

(My testy roundelay with TechCrunch’s Erick Schonfeld about the veracity of its Twitter-about-to-sell-to-Google post a while back would have been much more interesting, and pertinent too!)

In an interview with me this afternoon, Suchter described the addition of the specific tweets as a “first step” in adding a lot more real-time data to Bing.

“Given Twitter is the big gorilla here and it is a really interesting frontier for search, we thought it was important to get something out there,” he said. “It is also about us learning how users interact with it that will also be really interesting.”

Suchter said Twitter is aware of the move, but that Microsoft did not need any extra help from the San Francisco start-up to launch it.

Suchter said it would begin with a limited number of tweets for now and will not include search results of tweets about a person–although that is possible. And Microsoft, he said, was not able to index all of Twitter at the present time.

“We would like to grow this, because this area is so exciting, so we wanted to get the plumbing working to show we could do it,” said Suchter. “And since there is a lot of useful content in Twitter and in this real-time corpus, it has to be a big part of the search experience in the future.”

This is obviously a first shot in what will be a long war over real-time search among Google, Microsoft and Yahoo–each of which has also been talking to Twitter about a variety of partnership deals that have yet to be struck.

Here is Suchter’s blog on the Twitter real-time data addition:

Bringing a Bit of Twitter to Bing

There has been much discussion of real-time search and the premium on immediacy of data that has been created primarily by Twitter. We’ve been watching this phenomenon with great interest, and listening carefully to what consumers really want in this space. Today we’re unveiling an initial foray into integrating more real time data into our search results, starting with some of the more prominent and prolific Twitterers from a variety of spheres. This includes Tweets from folks from our own search technology and business sphere like Danny Sullivan or Kara Swisher as well as those from spheres of more general consumer appeal like Al Gore or Ryan Seacrest.

Starting today, when you search for these folks names in association with Twitter, you’ll see their latest Tweets come up in real time on Bing’s search results. For example, if you type “Kara Swisher Twitter” or “Kara Swisher Tweets” or even “@karaswisher” as your search query, you’ll see something like this:

The answer will include that person’s latest Tweets, along with an easy link to “See more tweets” from that individual.

We’re not indexing all of Twitter at this time… just a small set of prominent and prolific Twitterers to start. We picked a few thousand people to start, based primarily on their follower count and volume of tweets. We think this is an interesting first step toward using Twitter’s public API to surface Tweets in people search. We’d love to hear your feedback as we think through future possibilities in real time search.

And while we may not be famous, we are prolific, so don’t forget to follow us on Twitter for all the latest news from Bing!

Sean Suchter, General Manager, Search Technology Center, Silicon Valley

Speaking of creepy stalking, please enjoy this nail-biting trailer for “Play Misty for Me”:

Back on April 7, Tim Armstrong sent a memo to the long-battered troops of AOL about a 100-day vision quest the new CEO and chairman was going on to find out “how to bring back the magic of AOL.”

It is now Day 86, and Armstrong is closing in on the end of a Where’s-Waldo commitment that he made then to visit all of the far-flung offices of the Time Warner (TWX) online unit globally.

More importantly, as it is almost over, Armstrong also has to make good on another promise he made in that memo he sent to the staff on his first day:

“The culmination of the 100-day process will end in Dulles with an All-Hands meeting in mid-July. At that meeting, we’ll review the feedback we’ve received–both internal and external. We’ll also discuss our strategic direction for the coming years, and highlight areas that will bring AOL and AOL properties into the next decade of digital leadership. Most importantly, we will set a course and focus all of our resources to make that course a success.”

BoomTown is eager to see what Armstrong has found out on his trip and what path it will ultimately put AOL on.

So far, the broad outlines of his strategy seem to center on expanding AOL’s content assets, strengthening its advertising network and getting out of businesses the company cannot compete well in, such as social networking.

What other pearls of wisdom Armstrong has gleaned are to still to be revealed, presumably.

His corporate version of “The Amazing Race” is certainly a novel idea, born at his first all-hands meeting in Dulles, Va., which used to be the world-wide HQ of AOL and remains its heart.

There, Armstrong (pictured here) joked to the crowd:

“I know that work goes on across the globe and, in the first 90 days, I’m going to try to visit every office we have and sit down and talk to every employee and that will be something that my wife has actually agreed to let me do so.”

Thus, spouse-approved, the former Google (GOOG) exec has circumnavigated the globe and has held meeting with employees in a wide range of places: Dulles; New York; Baltimore; San Francisco; Mountain View, Calif.; Toronto, Lancaster, Pa.; Denver; Hamburg; London; Paris; Bangalore; Dublin and, this week, Tel Aviv.

But it has not been all tourism, in search of innovation.

During this time, Armstrong has also dispatched employees and top execs, such as advertising head Greg Coleman and communications and communities head Joanna Shields, and hired a few key staffers of his own; announced a pending spinoff of the company; and bought some stuff (including a company he funded).

It will be interesting to see what comes next–after the 100-day gathering in Dulles, which should come sometime after Armstrong’s July 15 deadline, of course.

Party on, Tim.

Last week, BoomTown posted a detailed piece on Yahoo’s plans for a massive rebranding and marketing push, which included the hiring of outside consultant Penny Baldwin (pictured here), who was a former top exec at Young & Rubicam.

And, yesterday, Baldwin became an official Yahoo exec, as SVP of global integrated marketing and brand management.

Baldwin, said Yahoo (YHOO), “will lead the company’s global brand efforts, and is responsible for developing and executing Yahoo!’s brand marketing approach including brand management, corporate messaging, integrated marketing and advertising.”

Said Baldwin in a statement, signaling that Yahoo is poised for an important brand makeover: “This is a seminal moment for the Yahoo! brand and for the business overall.”

While the company said Baldwin’s was a newly created position, it is not hugely different from the job that was held by Allen Olivo, who was SVP of global brand marketing until he recently left Yahoo.

Yahoo had previously described his job as “overseeing all aspects of its advertising and brand marketing strategy worldwide, including design and editorial.”

But, said many sources at the company, Baldwin’s purview is much larger, especially as it will involve a major overhaul of Yahoo’s image, which is likely to be rolled out as the Internet site also launches its redesigned front page in the fall.

In addition, unlike past Yahoo marketing execs, Baldwin has been described to me by many people at the company as much more colorful and bold in her style, and that she has been advocating more aggressive ideas about reinvigorating the Yahoo brand.

“Well, Penny is definitely not Yahoo,” said one Yahoo source, joking about the company’s quainter, yodel-focused and purple-toned image. “Which is probably a good thing.”

Baldwin reports to CMO Elisa Steele. It’s Steele, as I previously reported, who has been leading the rebranding effort at Yahoo.

It is aimed at repairing a damaged public image, communicating innovation and focusing consumers on what defines Yahoo in the years ahead.

Besides the hiring of Baldwin, Steele has also retained well-known (and pricey!) brand consulting firm Landor Associates.

Many themes have been considered to depict Yahoo going forward–most along the lines of Yahoo still being a key hub destination for Internet users.

Those possible directions were discussed at a recent off-site meeting of Yahoo’s top execs, led by Steele, who ran through the tangled history of Yahoo’s marketing efforts and showed off some rough ideas for the future.

One motto considered, among several: Yahoo as “your home on the Web.”

It is not clear how much Yahoo is prepared to spend on this rebranding effort. Microsoft (MSFT), for example, is in the midst of a $100 million marketing campaign around the recent relaunch of its Bing search service.

Here is the official press release about Baldwin:

Penny Baldwin Appointed to Senior Vice President of Global Integrated Marketing and Brand Management at Yahoo!

SUNNYVALE, Calif., Jun 30, 2009 (BUSINESS WIRE)–Yahoo! Inc. announced today that Penny Baldwin has been appointed to senior vice president, global integrated marketing and brand management. She assumes this newly created position immediately and reports to Yahoo!’s chief marketing officer, Elisa Steele.

Baldwin will lead the company’s global brand efforts, and is responsible for developing and executing Yahoo!’s brand marketing approach including brand management, corporate messaging, integrated marketing and advertising.

“One of Yahoo!’s greatest assets is its brand,” said Steele. “Our integrated, global approach is critical to our success and we have a deep business commitment to fulfill our promise to our users, customers and partners. Penny is uniquely qualified to lead the effort and her leadership, experiences, knowledge and skills are excellent additions to the Yahoo! marketing team.”

She is a 20-year veteran of global brand strategy development and execution across all internal and market-facing touch points. Most recently, Baldwin served as Managing Partner of Young & Rubicam Brands, Y&R Advertising and Wunderman Direct Marketing. As agency leader and manager, she was responsible for leading the efforts of large global teams across industries. Her experiences span technology, retail, packaged goods, finance, travel, gaming, wireless communications, entertainment, healthcare and sports marketing.

Baldwin has worked with several Fortune 500 brands including Microsoft, Intel, Oracle, AMD, NetApp, Hitachi Data Systems, Siebel Systems and Hewlett-Packard, among others. She has also worked with leading brands including Cadbury, Schweppes, Foster Farms, Jacuzzi, Wells Fargo, DHL, AT&T and Palm.

“This is a seminal moment for the Yahoo! brand and for the business overall,” said Baldwin. “I am delighted to be part of the leadership team that will take Yahoo! to the next level as we evolve our brand strategy worldwide.”

As most know by now, Microsoft CEO Steve Ballmer introduced the software giant’s relaunch of its search offering, dubbed Bing, onstage at the seventh D: All Things Digital conference.

You can see that here, as well as Ballmer demoing the product, which is Microsoft’s biggest and priciest attempt yet to catch archrival Google (GOOG) and Yahoo (YHOO) in the search business.

It is a market where the typically dominant Microsoft (MSFT) is a mouse in comparison, although it is also trying to innovate.

That did not stop Ballmer from doing some roaring about Bing, in an interview with Walt Mossberg, as well as the status of other Microsoft products like its upcoming release of the Windows 7 operating system, an arena where Microsoft does rule.

Ballmer also talked about ongoing talks with Yahoo about a search partnership, and other Microsoft initiatives.

Here’s the video of Ballmer’s full D7 session (this video is missing a promotional video for Bing, which the audience saw, but that Microsoft did not give us video rights to use here):

In that vein, we have recently added two new features over the last few weeks, both of which deserve a look-see: Topic pages and job listings.

The first is our attempt to offer a new and easier way for the ATD audience to navigate specific information, by gathering in one place a selection of blogs, columns, videos and photos on the site, all related to a single popular topic, all without requiring a user to search via keywords.

The variety of our topic pages will grow over time. But right now we have special pages for the Apple (AAPL) iPhone 3GS, the Palm (PALM) Pre, the new Bing search service from Microsoft (MSFT) and news from Apple’s recent Worldwide Developers Conference.

Secondly, we’ve partnered with Simply Hired to offer paid job listings on AllThingsD.com, right from the front page. Starting this week, you’ll find Simply Hired widgets with current job opportunities on pages across our site, including here.

Recruiters can post jobs directly to the ATD jobs page, and these listings are also distributed to more than 5,000 partner sites in Simply Hired’s network, including GigaOM, Mashable and WashingtonPost.com.

(Full disclosure: Simply Hired, which is based in Mountain View, Calif., has raised some of its funding from the News Corp. (NWS) digital unit, Fox Interactive Media. News Corp. also owns Dow Jones, which owns this site.)

What can one say about Mark Cuban that he can’t say himself?

Not much, as you will see from this sassy onstage interview he did with Walt Mossberg and me at the seventh D: All Things Digital conference, where he talked about everything from the idiots of the Internet to the subsidization of Web video by Google (GOOG) to the next big innovation.

Cuban hardly needs an introduction–he’s been a Web mogul, an entrepreneur, a sports team owner, a blogger, a theater owner, a high-definition evangelist and most of all, a digital gadfly.

Here’s the full D7 video session:

Last week, after much delay, longtime Internet exec Julius Genachowski (pictured here) was confirmed by the Senate as the chairman of the Federal Communications Commission.

It is an important role for the future development of the Web, of course, although it took a dog’s age into the new Democratic administration to approve him.

Hopefully, he and the other commissioners can soon get to work on a wide range of major digital issues, such as a national broadband plan that does not cost Americans a fortune.

Genachowski, a close tech adviser to President Barack Obama, was seated along with Commissioner Robert McDowell, a Republican appointee who was confirmed for a second FCC term.

After the Senate approves two others–Democrat Mignon Clyburn and Meredith Attwell Baker for the GOP–in the next month, it will round out the five-member panel.

(The other FCC commissioner is a Dem, Michael Copps, who has been acting chairman while Genachowski got approval.)

Genachowski, a former FCC staffer, was most recently working as a VC at Rock Creek Ventures and LaunchBox Digital. But he is best known to many in Silicon Valley as a top exec at IAC/InterActiveCorp. (IACI).

He is likely to make his debut to chair his first meeting this coming Thursday, and it is a humdinger of dull:

According to the FCC’s Web site, the July open meeting, held in Washington, D.C., will consider three items:

1.) Amendment of the Commission’s Rules to Provide Spectrum for the Operation of Medical Body Area Networks: The Commission will consider a Notice of Proposed Rulemaking to allocate spectrum and establish service and technical rules for the operation of Medical Body Area Networks to monitor patients’ physiological data.

2.) Amendment of Service and Eligibility Rules for FM Broadcast Stations: The Commission will consider a Report and Order concerning changes in the FM translator rules to allow AM broadcast stations to rebroadcast their signals on eligible FM translator stations.

3.) Amendment of Part 101 of the Commission’s Rules to Accommodate 30 Megahertz Channels in the 6525-6875 MHz Band: The Commission will consider a Notice of Proposed Rulemaking addressing whether to provide licensees with authority to operate on channels with bandwidths up to 30 megahertz in the Upper 6 GHz band and whether to extend conditional authority to two additional channel pairs in the 23 GHz band, as well as an Order addressing a related waiver reques.

But the site also mentioned that “the Meeting also will include a presentation on the status of the Commission’s process for developing a National Broadband Plan.”

Now, that is something BoomTown would like to know about since this country is effectively still in the dirt-road period, in terms of high-speed broadband access for Americans.

But, of course, the cost of what we do get–which is very substandard compared to a lot of other countries–is also very pricey.

Let’s hope Genachowski–who has a lot of other issues on his plate, especially as the media industry undergoes drastic reconfiguration too–can do something about it.

In a related note, Lawrence Strickling was also OK’d to run the telecom division of the Commerce Department, which is the agency with the dough ($4.7 billion in government funds) to help the create this supposed Internet infrastructure boom with the FCC.

I remain dubious of any movement in the arena, but still hopeful.

And, until there is some action from Genachowski, here is a highlights video from an onstage interview Walt Mossberg and I did with former FCC chairman Kevin Martin–along with Verizon (VZ) Wireless CEO Lowell McAdam–at the sixth D: All Things Digital conference in 2008.

Here is the D6 video:

Facebook picked a new CFO quietly, after its cloddish public parting with longtime top financial exec Gideon Yu earlier this year.

Facebook said in late March it was looking for a CFO with “public company experience,” and it seems to have gotten one in former Genentech CFO David Ebersman.

(He is pictured here–is it just me or does he look a lot like an older version of the man he will be reporting to, Facebook CEO and founder Mark Zuckerberg?)

It’s an interesting choice of a high-profile exec for the job at the headed-for-an-IPO-someday social-networking company, and one from outside the Web sector.

And, indeed, with the addition of Ebersman, Facebook inches ever closer to a public offering.

It is also a good move for Ebersman, who has been at the biotech firm for almost 15 years. But the South San Francisco-based Genentech was acquired in March by Hoffman-La Roche, which already has a CFO.

Ebersman, who will formally start in September, will oversee Facebook’s finance, accounting, investor relations and real estate functions and will also be part of the Palo Alto, Calif., company’s executive management team.

Former Netscape exec and VC Peter Currie has served as a stand-in for Yu since he left, although has not been an active financial exec.

Here is the full press release from Facebook:

PALO ALTO, Calif.–June 29, 2009–Facebook today announced that David Ebersman, the former executive vice president and chief financial officer (CFO) of Genentech, the pioneering biotechnology firm recently acquired by Roche, will become the company’s chief financial officer.

Ebersman will report to Chief Executive Officer (CEO) and Founder Mark Zuckerberg. He will oversee Facebook’s finance, accounting, investor relations, and real estate functions. He also becomes a part of the company’s executive management team, which directs all aspects of company strategy, planning and operations. Ebersman will formally start in September 2009.

“We received a lot of interest in the CFO position and had the opportunity to meet with many impressive candidates,” said Mark Zuckerberg. “We quickly recognized that David was the right person for Facebook. He was Genentech’s CFO while revenue tripled, and his success in scaling the finance organization of a fast growing company will be important to Facebook.”

“After meeting with Mark and the rest of the team, I was thoroughly impressed with everyone’s drive and sense of purpose to help people connect and share,“ noted Ebersman. “Mark is constantly pushing the company forward and he’s assembled a world-class team that is achieving remarkable results both for its users and as a business. I’m excited to join this effort and this new industry.”

Ebersman worked at Genentech for nearly 15 years. He served as the firm’s executive vice president and CFO from 2006 through April 2009, when Roche Group acquired the company. Prior to joining the company’s finance organization, he was senior vice president of Product Operations. He joined Genentech as a business development analyst. Previously, he was a research analyst at Oppenheimer & Company Inc.

Well, here’s a photo that was forwarded to me showing an advertisement on top of a taxi in Manhattan of a goodbye message from Bing, as well as GE (GE) entertainment unit NBC, to the late pop legend, Michael Jackson.

It was a joint effort from Bing and NBC, said a Microsoft source. The software giant and NBC have a strong partnership surrounding the launch the search service.

Done by Show Media, which specializes in this form of advertising, the text–with a picture from Jackson’s “Thriller” album–reads: “We will miss you Michael.”

Presumably, enough of a condolence to get fans to search about him on Bing–instead of on Google (GOOG) or Yahoo (YHOO)–and get news updates from NBC’s many media outlets.

Jackson’s sudden death last week caused a massive surge of activity all over the Web, including at search engines.

Here’s the taxi-topper image (click on it to make it larger):

Over the last weeks, News Corp. Chief Digital Officer Jon Miller and MySpace CEO Owen Van Natta have had their hands full directing massive layoffs at the flagship social-networking site, as well as throughout the Fox Interactive Media division.

The pair discussed the many challenges faced by the giant media company in its digital enterprises in an onstage interview with Walt Mossberg and me at the seventh D: All Things Digital conference last month.

That included everything from how News Corp. (NWS) online content is paid for to the need for MySpace to innovate, as Facebook has surpassed it.

Here’s the video of the full D7 session:

(Full disclosure: News Corp. owns Dow Jones, which owns this site.)

While she had almost nothing to do with the Internet, the Web still has a lot to do with Farrah Fawcett, especially today after the iconic Hollywood actress and model died after a long and well-documented battle with cancer.

Still, the massive online reaction to a more sudden and unexpected celebrity death yesterday–pop legend Michael Jackson, who was 50–pretty much drowned out Fawcett’s passing at 62 years old.

That’s too bad, since she was a genuine cultural phenom–from her famous poster to her feathered hairstyle to her always glamorous declarations of “Freeze!” on the television show, “Charlie’s Angels.”

Thus, here’s my favorite of the many tributes to Fawcett from the Web, to remember her by:

The layoffs at Fox Interactive Media moved on to Photobucket today, as one-third of its staff of about 120 were let go, sources close to the situation said.

The photo- and video-hosting service was bought for $250 million in mid-2007 by News Corp. (NWS).

A FIM spokesperson confirmed the layoffs after being contacted by BoomTown, but declined to give specific numbers. But sources told me a total of up to 75 people were fired.

“As part of our continuing review of each of the FIM business units, employees were informed of job cuts today at several of our sites. We made these cuts to ensure that our resources are aligned properly with our business goals, and at a scale that will enable us to operate as efficiently as possible,” said the FIM spokesperson.

It is all part of a series of job cuts that are now hitting FIM properties other than MySpace.

The social-networking site has seen massive layoffs over the last two weeks, both in the U.S. and internationally.

Photobucket was hardest kicked, with 35 people fired, while other properties, such as the IGN videogame and entertainment unit, had the other layoffs spread among them.

Cuts at IGN, for example, were minimal, and it was also hiring in other parts of its business.

FIM’s whole structure itself is undergoing a shift, along with a likely name change, as BoomTown previously reported.

(Full disclosure: News Corp. owns Dow Jones, which owns this site.)

BoomTown is at the lovely Santa Clara Marriott in Silicon Valley at the 2009 Yahoo annual meeting, liveblogging the event, which should be spectacularly dull.

Here is a rundown of what went on.

10:05 am: The meeting kicked off with a little video presentation with various and sundry television talking heads saying “Yahoo” in quick succession.

Actually, this was the year during which all of those hype-magnets repeated “Twitter”–the hottest media trend these days–so many times that it has began to make my ears bleed.

But I like the spirit of trying to make Yahoo (YHOO) seem relevant and innovative again.

Then, CEO Carol Bartz (pictured below) walked onto the small stage in the California Ballroom, declaring: “Well, that made me feel good.”

Exactly when does Carol not feel good?

She explained why: “I am having a ball,” speaking about her rehaul job at Yahoo, and then thanked shareholders after what was “a tough year last year.”

The board was introduced, with most of them being present at the meeting, except for Ron Burkle and Carl Icahn.

10:12 am: General Counsel Mike Callahan comes on with the blah-blah-blah about rules and votes.

I soon started thinking of the lovely breakfast pastries outside that I passed by outside. Drat!

This year, the 12-member board, now including Bartz, was up for reelection.

Last year, as you might remember, many of those board members were under siege by shareholder discontent.

Not in 2009. A major shareholder who was unhappy last year told me there would be no protest vote.

“Carol is doing a good job,” said the investor.

Yahoo was also asking for approval of its accounting firm, Price Waterhouse.

There were several important votes before the shareholders.

One was a standard one regarding executive compensation or a “say on pay” proposal, which was introduced by an outside stockholder.

Yahoo’s board recommended against it.

Another proposal regarded changes to be made to a 1995 stock plan and to a 1996 employee stock purchase plan.

The latter was most important, because it was a request to authorize more shares for future employee options grants. It will mean a large addition to the pool–30 million more shares–if authorized.

The stock will be used to keep valuable Yahoo talent in place. Good idea.

10:23 am: The floor was then opened for comments on the proposal and ballots were collected.

I was not on the edge of my seat.

Like clockwork or an election in the former Soviet Union, the board was elected, the stock plans approved and Price Waterhouse was in.

The “say for pay” proposal? It went down in defeat.

The people have spoken!

10:29 pm: Bartz took back the stage, which immediately livened things up.

She went through the history of her coming to Yahoo, which began with former Yahoo CEO and Co-Founder Jerry Yang (pictured here) asking if she was interested in the job at a Cisco (CSCO) board meeting.

Both are on its board.

Bartz also briefly recounted her meeting with Yang at his house, although she minimized the insulting aspect of the story.

She has maximized it in other tellings–such as in an onstage interview with me recently at the D: All Things Digital conference.

The basic thrust of the story was that Yahoo was a big mess that needed the Carol treatment.

Bartz, of course, did not stress that as much today. After all, Yang was sitting right in front of her.

Bartz noted that she has been asked about two things since coming on board:

What about a deal with Microsoft? And what the heck is Yahoo anyway?

She had nothing to say about Microsoft (MSFT) and said it would be said publicly only after any such deal was struck.

Actually, she has commented about talks with the software giant publicly many times, but let’s overlook that.

The Bartz went into the definition of Yahoo. It’s simple, she said. The largest global online media company. With technology. That everyone knows. Plus email.

10:34 am: Bartz ran through the new staff she has put in place, such as CMO Elisa Steele and others.

She then moved onto the top-to-bottom reviews she has been doing of Yahoo.

Including what she dubbed “space debris,” which are Yahoo sites that should be shut down, repaired or outsourced.

Bartz’s tone? Calm and comforting and reassuring–less the live wire she usually telegraphs and more the I’m-in-charge-here-so-remain-calm vibe.

She hit all the big targets, for good measure. Front page. Mobile. And, of course, advertising.

“Yahoo has a distinct opportunity in this area,” said Bartz, referring to its online display ad business. “Advertisers come to us.”

She ended by calling Yahoo a “home,” which is one theme the company is considering using as a brand strategy in an massive overhaul it is working on.

10:45 am: The floor was open for questions.

The first was a good one. Essentially, why is Google (GOOG) such a money machine when Yahoo is not? And why are its workers so much more productive in comparison?

“We have a very different model than Google,” said Bartz. “It has a cleaner process.”

As in, it is better at vacuuming up the dough!

Bartz, who has been trying mightily to end the Yahoo/Google comparison (smart move!), did not really give an answer.

“Please, this direct comparison model to Google is not fair and is frankly not relevant,” she said.

Well, it is actually quite a bit fair and a lot relevant, but we shall also overlook that one too (for now).

10:49 am: A fan question about how it was good that Bartz has been taking the focus off of the Microsoft issue too.

He also liked that she said she would take piles of money from the software giant, though, in a search partnership deal.

Then, the questioner dived right into the weeds, with questions about the front page, such as having too much dopey entertainment news on it.

Especially all that Jon & Kate and their gazillion kids crap!

This is a favorite meme for Bartz, who proceeded to quickly one-up the question by strafing a perfect celebrity target.

“If I see another Britney Spears item, I am going to throw up,” she declared in nauseous solidarity.

She then mentioned something called a “fluffometer,” which is apparently taking care of this most pressing issue of our time–the Lindsay Lohan threat.

Will it defluff Yahoo?

Inquiring minds want to know.

10:54 am: The inevitable China question was asked, of course, a query which has always tripped up previous Yahoo management.

“It’s very easy to get crosswise,” said Bartz, trying not to get crosswise.

She mentioned a recent human rights summit Yahoo had hosted. “We have actually done a lot, but it is never enough.”

Well, actually, Yahoo and many others did not do enough previously, but Bartz was pretty much steering clear of the thorny realities of doing business in China.

Then came the “vision” question.

Actually, Bartz said it was not about vision, but about growth. “We don’t have a vision problem, we have an execution problem,” she said.

Another question was asked about Internet censorship in China.

“I’m going to go real simple here: Yahoo was not incorporated to fix China,” she said. “It’s that simple.”

Bartz said the company was not going to take on every government in the world and that its “mistake”–referring to activists jailed due to Yahoo handing over information to the Chinese government–should not hound it forever.

Well, it should, but point taken.

The next question was about Iran and how popular Twitter is. Bartz said Yahoo was also in there.

11:04 am: A questioner asked about Facebook and why the social networking site was so popular, even though Yahoo had better products.

Bartz said Yahoo was working hard on making those products more social.

The next questioner asked about whether another Google partnership deal with Yahoo could be reborn. That deal went down in defeat last year.

“Justice is Justice,” said Bartz, referring to the federal government department’s opposition to the deal.

As in, you don’t tug on Superman’s cape, you don’t spit into the wind, you don’t pull the mask off the old Lone Ranger and you don’t mess around with Uncle Sam.

The next questioner asked about why Yahoo always told shareholders at meetings like this that it was doing great every year and then didn’t deliver.

Bear with us, said Bartz.

As to selling off its Alibaba assets in China: Not a good time to sell.

11:09 am: A questioner asked whether Yahoo might buy a newspaper, like the New York Times (NYT).

Yes, that would be a good move–out of the frying pan into the fire!

I was sitting right next to one of its reporters, Miguel Helft. No comment!

Bartz then thanked the Yahoo shareholders for having faith.

As I said, it was Bartz’s first annual meeting. But, for Yahoo investors over the last several years, having a lot of faith–too often tested–kind of comes with the territory.