YouTube Hires Yahooâs Yu as New CFO
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YouTube Hires Yahoo&#8217;s Yu as New CFO YouTube has taken a step in the serious direction of fortifying its management team and monetization efforts with the recruitment of Gideo Yu, Yahoo&#8217;s Treasurer. Yu is now the Chief Financial Officer at YouTube. Analysts are predicting that the move marks what may eventually add up to an IPO or [...]
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New Yahoo exec's name ring a bell? Maybe you've been watching Seinfeld reruns. [Missing Links]
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The biggest windfalls went to YouTubeâs three founders and its main financial backer, Sequoia Capital.
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Struggling Internet giant Yahoo brought back co-founder Jerry Yang as chief executive Monday to replace Terry Semel as the company girds up to fight back the Google juggernaut.
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Terry Semel is stepping down as Yahoo&#39;s non-executive chairman, six months after handing over his CEO title to Jerry Yang.Semel is leaving the board effective immediately, Yahoo announced Thursday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo&#39;s co-founders, was made CEO, and Semel was demoted to non-executive chairman.As CEO, Semel helped to build Yahoo&#39;s audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year&#39;s reorganization.&quot;With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board,&quot; Semel said in the statement.He approached the board several months ago about leaving once a replacement could be found, Yahoo said.Bostock has a long history in the advertising industry, &quot;an area that is more important than ever to Yahoo&#39;s business and our long term success,&quot; the company said.On Tuesday&#160;Yahoo reported that net income for its fourth quarter declined&#160;to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.Semel&#39;s departure from the board appears to mark the end of his tenure at Yahoo. Yang thanked him for &quot;his many contributions to Yahoo over the years&#160;-- and for helping to lay a firm foundation for future success and improved financial performance.&#8221;Bostock has been a board member at Yahoo since May 2003 and was elected unanimously by the board to replace Semel. From 1990 to 2000 he was chairman and CEO of D&#39;Arcy Masius Benton &amp; Bowles, and its successor advertising company The MacManus Group.
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YouTube investors, executives and its founders, Chad Hurley and Steve Chen, have filed to sell as much as $1.53 Billion in Google stocks which were received when Google bought YouTube last year. Sequoia Capital is making out quite well on the deal also, with $504.4 million coming their way. Chad Hurley and Steve Chen are expected [...]
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Internet media company Yahoo Inc. and   Current TV, a television channel founded by former U.S. Vice   President Al Gore, said on Wednesday they had teamed up on a   Web video service aimed at young adults.
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Yahoo Inc.  on Monday  tapped co-founder Jerry Yang to replace Chief Executive Terry  Semel, bowing to investor pressure as the Internet media  company has failed to keep up with rival Google Inc. .
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Yahoo Inc. thinks it's back on the right track now that co-founder Jerry Yang has replaced Terry Semel as chief executive, but analysts and investors already are wondering whether the shake-up is just a prelude to more radical measures, including a possible sale or breakup of the troubled Internet icon.
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(InfoWorld) - Yahoo agreed to buy Web video editing and publishing site Jumpcut.com on Wednesday, as Internet companies continue to seek ways to compete with YouTube. The move comes nearly four months after the Sunnyvale, California, companyÂ revamped its own Yahoo Video site, and could foretell further acquisitions in the Web video space.Â Microsoft recently openedÂ the beta version of itsÂ online video-sharing serviceÂ last week, Soapbox on MSN Video, while AOLÂ unveiled a revamped video portalÂ in late July to strengthen its position against YouTube and Google Video. Yahoo and Jumpcut both announced the deal on company blogs, and Jumpcut even made a short video to commemorate the event, which can beÂ seen here. The video site will join a host of other Yahoo properties, including Flickr and Del.icio.us. The deal will help Jumpcut reach a broader audience, and gain "more creators, more content and more exciting things to do," it said. Yahoo said Jumpcut would be part of the Yahoo Video family, indicating that the online Web video service would not replace Yahoo's own video service,Â available here. Terms of the deal were not disclosed. Jumpcut was founded and run by MiraVida Media, a San Francisco company. YouTube thrashed all rivals in a count of U.S. visitors from HitwiseÂ earlier this year, with 43 percent of traffic to video sites, nearly double the share of runner up MySpace.com. Myspace, in turn, held twice as much market share as the third and fourth place video sites, Yahoo and MSN. In a more recent survey earlier this month, YouTube captured 60 percent of all U.K. online video traffic.
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Yahoo Inc. on Monday tapped  co-founder Jerry Yang to replace Chief Executive Terry Semel,  bowing to investor pressure as the Internet media company has  failed to keep up with rival Google Inc.
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US Internet search giant Yahoo launched a video-sharing service in a move that could capitalize on a hot online trend made clear by the popular young YouTube website.
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Internet media company Yahoo   Inc.YHOO.O and Current TV, a television channel founded by   former U.S. Vice President Al Gore, on Wednesday said they had   teamed up on a Web video service aimed at young adults.
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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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In a surprise move, Yahoo's board announces co-founder Jerry Yang will replace Terry Semel as CEO of the company. Semel will stay on as non-executive chairman, and former CFO Susan Decker will become president of the company.
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Terry Semel is stepping aside as Yahoo CEO, with co-founder Jerry Yang set to take over the helm.
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Terry Semel will hand over the reins to Jerry Yang in Yahooâs latest attempt to regain investor confidence.