Viacom Inc.'s new chief executive, Philippe Dauman,
has vowed to change the way his company's shares are viewed by Wall
Street, but he may find his biggest challenge will be figuring out how
to succeed in online media. Tom Freston, the company's former chief executive, was ousted partly
because Viacom failed to make a bid for MySpace, the popular social
networking Web site that has been such a boon to
, features three young women from
Los Angeles traveling the world to meet friends they’ve met on
social-networking Web site MySpace
It's not just a hobby - some small sites are making big money.
TechCrunch pulls in $60,000 in ad revenue every
month. Boing Boing, a four-person operation that bills itself as a directory
of wonderful things, is on track to gross an estimated $1 million in ad
revenue this year. The digital-media
news site PaidContent.org, headquartered in the
second bedroom of a Santa Monica apartment, is set to post even more
than that. And Fark.com, a site packed with sophomoric humor run by a
lone guy in Lexington, Ky., is on pace to become a multimillion-dollar
property. In short, some of the most popular blogs, long the bane of
the mainstream media, are themselves becoming mainstream.
With Internet-like speed, blogs have gone from self-indulgent hobbies
to flourishing businesses. Real businesses, with real revenue streams
from real advertisers--not overhyped next big things with pick-a-number
valuations based on selling out someday to some overenthusiastic
big-media sugar daddy.
TEACHER SUES STUDENTS OVER MYSPACE OUTINGPlacing
tacs on a teachers chair? OUT. Creating a fake Myspace for the
assistant principal and outing her as a lesbian? IN. An assistant
principal in Austin, Texas, is suing two 16 year old students who
created a bogus
myspace under her name, claiming she was gay. Seems to us all they needed to do was out her for being an assistant principal.
iTUNES : WHAT'S WITH THE BUG UP ITS ASS?Overheating,
dead on arrival, riddled with bugs. Apple and Pete Doherty share the
same issues. As hip as they may be, the iPod and it's cousin iTunes
have been causing more than a few problems for both Apple and PC users.
Ours refuses to play Michael Bolton tunes.
GADGET OF THE WEEK
Newly released Skype devices that connect to Wi-Fi networks aren't portable like cellphones, but they can be handy at home.