Yahoo unifies ad sales as key sales exec leaves
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Yahoo Inc.  is merging the two main parts of its U.S. advertising business after veteran sales executive Wenda Harris Millard resigned, the latest in a string of executive departures.
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(InfoWorld) - A slowing U.S. economy may already be impacting Yahoo's Web advertising sales growth, the head of the company said Tuesday, a trend that does not bode well for other ad-supported Internet sites. "We're seeing some slowing in perhaps two of the largest sectors, both autos and financial services," said Terry Semel, chairman and chief executive officer of Yahoo, in response to questions at a Goldman Sachs conference. Advertising sales from both sectors have slowed down during the past three to four weeks, although both remain on a growth track. "They're growing, but they're not growing as quickly as we would have hoped at this moment in time," said Semel. The comments sparked a sell-off in Yahoo shares, which plunged 11.2 percent, or $3.25, to close at $25.75 each during normal trading hours. Other Internet stocks suffered from the comments, with Google shares falling 2.6 percent to $403.81, and eBay stock ending 3.3 percent lower to finish the day at $25.95. Yahoo loweredÂ its third quarter outlook to the lower end of its guidance. The company had forecast revenue, excluding commissions, to be in the range of $1.12 billion to $1.23 billion this quarter. A slowdown in advertising growth on the Internet could hurt the development of new Web sites in the near term, since so much content depends on advertising sales to support operations. But Yahoo was careful to note that it cannot tell whether the current slowdown is a sign of broader trouble or is limited to ads from the auto and financial sectors. The company also noted that while the weakness in advertising showed up in some of the most economically sensitive categories, it's not necessarily a sign of a slowing U.S. economy. "It's too early to tell if this is a sign of anything broader," said Susan Decker, head of finance at Yahoo, who attended the conference with Semel. An audio Web cast of comments by the two Yahoo executives can beÂ accessed here.
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Yahoo Inc.  said on  Sunday it has signed up top corporate advertisers to use its  advertising system to run brand ads on mobile phones in 18  countries, marking a major diversification beyond computers.
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Oh! Noes! Yahoo! is using the departure of its US head of sales to reorganise its sales department.â¦
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Yahoo announces a restructuring drive, as it attempts to simplify its business and take on rival Google.
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The deal may help Yahoo expand in the video advertising business. But it adds complexity to a company that is trying to simplify.
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After just a six-month stint as the head of the company's technology arm, Yahoo CTO Farzad Nazem will leave the company June 8. The announcement was revealed in a Wednesday filing with the Securities and Exchange Commission.
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Yahoo Inc. said head of sales Gregory Coleman is leaving the company, the latest casualty of a management shakeup following three years of slowing revenue growth and market share losses to Google Inc.
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Yahoo is restructuring its operations and shuffling its management in the hopes of competing more effectively against nimbler rivals.
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SAN FRANCISCO -- Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. _ a losing battle that had demoralized Yahoo's shareholders and employees.
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Terry S. Semel, the ex-chief executive  who is credited with reviving Yahoo and then losing touch, is leaving the companyâs board.
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Pasadena-based Overture Services, the subsidiary of Yahoo Inc. which provides keyword-based search advertising, announced that it has extended its sponsored search distribution relationship with Microsoft.
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Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online advertising network, for $300 million in cash, in the latest move to consolidate the behavioral ad targeting market.
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YAHOO co-founder Jerry Yang today took over as chief executive following the ousting of Terry Semel.   Semel quit last night after attracting increasing investor wrath as Yahoo lags behind arch-rival Google by almost all measures.
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Terry Semel  resigned under pressure on Monday as CEO of Yahoo Inc., and the  company handed the reins back to Jerry Yang, the billionaire  co-founder of the search engine that became one of the  Internet&#39;s earliest success stories.
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Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.
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Yahoo's top sales executive is on his way out, and a new global sales organization has been created.