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Yahoo to Cut 1,500 Jobs
Yahoo Inc LogoYahoo, Inc. is one of the companies people think of when they think about the beginning of the Internet as a medium. Yahoo has transformed from a web search company to more of an entertainment-media-search hybrid over the past few years. Revenues were up again in the third-quarter but only by 1%. The company has also lowered revenue estimates for the remainder of the year. They will also be cutting 1,500 jobs according to USA Today.
The Silicon Valley company announced the latest round of cuts against a backdrop of poor third-quarter results and a grim economic forecast. The company's profit tumbled 64%, to $54 million, or 4 cents per share, from $151 million, or 11 cents per share, in the same quarter a year ago.

Revenue inched up 1%, to $1.8 billion, from a year ago.

The profit fell short of the 9 cents per share forecast by analysts polled by Thomson Reuters.

Reflecting the downturn, Yahoo lowered its revenue estimates for the remainder of the year. It now expects 2008 revenue of $7.2 billion to $7.4 billion — down from a previous estimated range of $7.4 billion to $7.9 billion.
The Inquirer notes that Yahoo also cut 1,000 positions in February. Layoffs at many media companies are expected because of concerns about a deep recession. More discussion of Yahoo's cuts can be found at Tom's Guide, NewsFactor, The Week, Financial Times> and InternetNews.com.

Posted on October 23, 2008
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Where's Wally Search Engine Coming
Wheres WaldoWhere's Wally was a popular children's character featured in books that were published in over fifty languages. Now The Guardian is reporting that Wally may return as a search engine. A deal was recently cut between Entertainment Rights and Where's Wally creator Martin Handford. Entertainment Rights executive Mike Heap told The Guardian that in the future people will be talking about going to "Wally it" instead of "Googling it."
Referring to Google's happy position where to "Google something" has become an everyday phrase, Mr Heap said Wally would soon be muscling into the search engine corner of cyberspace.

"In the future I think you will be saying 'I'm going to Wally it'," he said. Last month, Entertainment Rights became the world's biggest independent owner of children's brands when it bought up its US rival in a deal that doubled its size and added Lassie and the Lone Ranger to its portfolio.

Hampstead-born Mr Handford, 50, worked in an insurance office to fund his way through art college and specialised in drawing crowd scenes.

He created the popular Wally character - the time-travel aficionado who always dresses in red and white - in 1986. Since then, more than 73m of the "Where's Wally?" books have been sold around the world. Each picture takes him around eight weeks to draw. Entertainment Rights said Where's Wally has become one of the most recognisable children's characters in the world but still had plenty of potential to grow.
Are people ready to "Wally it?" Tackling the Google brand may be a bit of stretch but Wally should be able to find a niche online. Wally is probably known to U.S. readers as Waldo as the book series was published as Where's Waldo here in the United States. Maybe U.S. readers will "Waldo it."

Posted on March 2, 2007
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Rocketinfo and Thomas Gale Announce Content Agreement
Rocketinfo Inc., a business news search engine, has signed an agreement with Thomson Gale to provide Rocketinfo's customers with access to over 1,000 full-text periodicals, journals, and magazines licensed by Thomson Gale. Rocketinfo's Rocketnews database includes over 100,000 business news sources including Reuters, AP, Bloomberg, the New York Times, and the BBC. The Rocketinfo database also includes niche providers and weblogs.

Posted on March 15, 2005
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Questia Media Adds Taylor & Francis Books
Questia Media, Inc., an online academic library, has added more than 3,500 titles from the Taylor & Francis Group to its online collection of over 50,000 academically books and 400,000 journal, magazine, and newspaper articles. Taylor & Francis is one of more than 250 academic and commercial publishers who have licensed content to the Questia library. Other publishers include: Cambridge University Press; Oxford University Press; Lawrence Erlbaum Associates; Greenwood Publishing Group; Perseus Books Group; Stanford University Press; Columbia University Press; Allen & Unwin; Brookings Institution Press; Lynne Rienner Publishers; MIT Press; M.E. Sharpe Publishers; Palgrave Macmillan; Peter Lang Publishing; Princeton University Press and Prometheus Books.

Posted on March 3, 2005
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