Matthew Keys, the social media editor of international news at Reuters, has been indicted for helping the hacker group Anonymous penetrate computer systems belonging to the L.A. Times in order to change around their website. The U.S. Department of Justice indicted Keys and he is facing three federal charges – one count for conspiracy and two counts for sharing malicious code. Keys worked with a hacker code-named “sharpie.”
Reuters Group PLC Posts
Yesterday Google announced that they will be placing ads on Google News’ search results in the U.S. This means if you search for keywords such as the iPhone or the Kindle, you will notice results for sponsored links from websites such as BlackBerry.com, att.com, Amazon.com, and SonyStyle.com.
“We’ve always said that we’d unveil these changes when we could offer a good experience for our users, publishers and advertisers alike, and we’ll continue to look at ways to deliver ads that are relevant for users and good for publishers, too,” stated Josh Cohen on the Google News Blog.
Google was debating whether to put ads on news.google.com for about 6 years. They were skeptical before because of criticism from newspaper publishers. Content from Google News is aggregated from various blogs and online newspapers.
Google CEO Eric Schmidt has reiterated that the search engine company is a friend of newspaper publishers. Google’s own Adwords and AdSense business depends on newspaper publishers and other content publishers.
“When Eric Schmidt says he worries about the newspaper industry, it’s crocodile tears,” stated Brian Tierney CEO of the parent company for The Philadelphia Inquirer and The Philadelphia Daily News.
William Dean Singleton, CEO of MediaNews Group has a difference of opinion with Tierney. MediaNews is the parent company of about 54 daily newspapers including the San Jose Mercury NEws and The Denver Post. He says that newspaper companies don’t have to let Google take content, but opt to do so because it drives traffic.
Reuters says that they will be watching Google News closely as they don’t have any licensing agreement with them. “We are certainly not surprised by the move, which places Google News in a position to compete with news publishers — giving us cause for concern,” stated Alisa Bowen, SVP for Reuters.
[via New York Times]
Carl Icahn, the 46th richest man in the world has made an interesting hire. Icahn has hired Dane Hamilton, a hedge fund reporter from Thomson Reuters to manage his blog, The Icahn Report. Hamilton will be publishing data regarding Icahn’s opinions on corporate America.
When Icahn was nominating his own slate of directors for Yahoo!’s Board of Directors, Icahn communicated regularly on his blog regarding why he was doing so. Hamilton has been writing for the last seven years about hedge funds and even about Icahn. Hamilton recently published an article from Reuters called Icahn says Yahoo-Google ad deal has merit.
Carl Icahn grew up in Brooklyn, New York, dropped out of medical school, joined the army, then went back to NYC to work on Wall Street. Icahn & Co. Inc. started in 1968. Icahn has overtaken positions at RJR Nabisco, Yahoo!, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, USX, American Can, Imclone, Marvel, Federal-Mogul, Kerr-McGee, BEA Systems, Medimmune, and Time Warner. Icahn is currently worth about $14 billion.
Pluck Corporation sent out a press release stating that traditional media companies will be able to link their web sites to social networks, MySpace and Facebook.Â “If I comment on a story about the presidential primary, the story itself is going to be noted on my Facebook profile, and so is the comment I made,” stated Pluck CEO, Dave Panos.
USA Today, WashingtonPost.com, Statesman.com, Better Homes, and Fox News are some of Pluck’s clients.Â The new initiative also gives Facebook and MySpace users a way to expose their interests in current events.Â And between MySpace and Facebook, there are over 165 million users that will have access to Pluck’s new service.
“If you’re a media company, you’re now attracting more users to your site,” stated Panos. “For them, I think it’s about reaching a broader audience, and maybe a younger demographic.”
Reuters invested $7 million in Pluck last year.Â Facebook users will have access to the service in early 2008 and participants in Google OpenSocial (including MySpace) will have access to Pluck’s service starting in mid-2008.
This merger of the second and third-largest financial news companies will be investigated by regulators and will be gearing to hyperactively compete with Bloomberg LP.Â Regulators could take up to 9-12 months to approve of the merger.Â The joint company will be led by current CEO of Reuters, Tom Glocer.
The Thomson family of Canada will be retaining 53% of the combined company and is selling its higher-education publication arm for $7.75 billion.Â Thomson’s financial arm alone makes $2 billion in sales.
Thomson has a strong market presence in America and Reuters has a strong market presence in other countries.Â Due to those circumstances, merging the companies truly symbolizes synergy.