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Wednesday, January 28, 2009

Buyer’s Remorse or Not–AOL Is Not Considering Selling Bebo

Yesterday, TechCrunch’s U.K. blogger Mike Butcher spun the tale of buyer’s remorse run amok with a report that Time Warner online unit AOL was “seriously considering selling Bebo, the social network it acquired for $850 million only a year ago,” citing poor performance and a bad advertising market.

Later, AOL went on the record saying “there is no truth to this rumor,” although Butcher insisted otherwise from his sources.

Well, actually, no. While Time Warner was crazy to pay that much for Bebo, it is not quite that nuts to sell it for bupkis.

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Monday, January 12, 2009

MediaGlow, AOL, Glow? (Here’s the Entire Press Release Too)

Although its advertising business is tanking this quarter and its merger deal with Yahoo remains dormant, AOL is focusing on one of the brighter spots in its business: the popularity of its content sites.

Today, the Time Warner unit will announce the expansion of its publishing unit, which it is curiously called MediaGlow.

In a press release obtained by Boomtown, AOL said it would develop over 30 new sites in 2009, employing its low-cost, niche-focused model that has worked well at many of its 75 existing sites.

But is a deep dive into content a risk in the midst of an advertising downturn?

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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