Media and Money

Posts Tagged ‘Silicon Valley

Happening now in Pasadena, California is the Fortune Brainstorm: TECH conference. I am excited to see what creativity and new ideas will emerge since the conference’s agenda is to focus on how technology companies, content creators and other institutions can thrive in the recession and help lead the way to a new era of global prosperity. Fortune Brainstorm Tech

The agenda is divided into four categories: renewal and recovery, technology and social transformation, the 21st century consumer and business innovation.

TechCrunch reports an interview this morning with David Kirkpatrick and new AOL CEO, Tim Armstrong, discussing the effectiveness of display advertising to run a business. Armstrong says, “Consumer behavior continues to change drastically online…monetization on the Internet will continue to go up…It’s under monetized as a whole.”
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By Kara Swisher, All Things Digital

ning-ssNing has raised $15 million more, a round that is valuing the social networking start-up at an eye-popping $750 million valuation.

In its last fundraising $60 million round a little more than a year ago, Ning was valued at $500 million.
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According to reports from the Allen & Co. media summit in Sun Valley Idaho, companies and investors are scrambling to stake out territory in the new world of mobile content.

Media conglomerates, hardware makers and telecommunications carriers are all eyeing the nascent wireless media market, spurred by smartphones like Apple Inc’s iPhone and Research In Motion Co Ltd’s BlackBerry.

Highflying start-ups with strong mobile credentials, such as microblogging site Twitter, have increasingly become the subject of acquisition rumors even as their unproven business models mean a deal is unlikely at this week’s Sun Valley media and technology conference organized by Allen & Co.
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The New York Times reports that in a direct challenge to Microsoft, Google announced that it is developing an operating system for PCs that is tied to its Chrome Web browser.

The software, called the Google Chrome Operating System, is initially intended for use in the tiny, low-cost portable computers known as netbooks, which have been selling quickly even as demand for other PCs has plummeted. Google said it believed the software would also be able to power full-size PCs.

The move is likely to sharpen the already intense competition between Google and Microsoft, whose Windows operating system controls the basic functions of the vast majority of personal computers.
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Things have changed radically since Allen & Co.’s first summer summit in 1983. More than 260 media, financial and political leaders are gathering in Sun Valley, Idaho, for the Allen & Co. media conference. The conference revolves around the technology trailblazers who have turned computers and mobile phones into multimedia hubs that are tormenting newspapers, magazines, broadcasters, music labels and movie studios.

The disruption has technology gurus playing the dual role of the media’s sages and scourges.

This week, Twitter Inc. CEO Evan Williams will likely be in high demand as everyone tries to figure out whether the online messaging service is a fad or a revolutionary breakthrough in communications.
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According to Reuters, Facebook will likely be posting billions of dollars in revenue in five years, up from about $500 million this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook’s board.

Andreessen told Reuters that the world’s most popular online social network could pile up $1 billion in revenue this year if it pushed harder on selling advertising.

But he added that it was more important at this stage for social sites like Facebook and Twitter to retain and grow their user base and capture market share, rather than worry too much about making lots of money right away.
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