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If you follow AllThingsD, and Weekend Update hopes you do, then one thing you’ve come to value is the special way the staff gets around the world to cover the important stuff and report it straight from the geek’s mouth. This week our bicoastal brigade brought the tech news as it happened, and in Boomtown’s case, from 30,000 feet.

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Google leads the search industry in market share. No surprise, then, that it leads the industry in customer satisfaction as well. The company has once again achieved top rank among Internet search engines and portals in the American Consumer Satisfaction Index, the seventh time it has done so in eight years.

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No surprise, this: The econalypse continues to weigh heavily on online ad spending. Worldwide spending on Internet advertising declined by five percent in the second quarter of this year, slipping to $13.9 billion from $14.7 billion, according to research firm IDC.

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Time Warner’s second-quarter earnings beat analysts’ expectations. But that’s not saying much, really. Profits fell 34 percent to $519 million, or 43 cents a share, from $792 million, or 66 cents a share, a year earlier. Revenue was down nine percent to $6.8 billion.

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When Google took a five percent stake in AOL for $1 billion in 2005, it valued the company at about $20 billion. Last year the search giant wrote down $726 million of that investment. And now, according to a regulatory filing, Google has gone and sold its share back to Time Warner for $283 million, about a quarter of what it originally paid for it.

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QOTD

Yahoo-AOL would not happen anytime in the forever future. Yahoo is a much stronger property in a different direction and there’s no sense confusing all of that.

– Yahoo (YHOO) CEO Carol Bartz about a hook-up with the Time Warner (TWX) online unit.

It didn’t really need the money, but OpenX today announced a $10 million third round of funding. DAG Ventures led the round, and existing investors Mangrove Capital, Accel Partners, Index Ventures, First Round Capital and former AOL CEO Jon Miller, the company’s chairman, all chipped in a second time.

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It was like a liveblogging tournament this past week–one that included a lot of the big players, but ended in a three-way tie.

According to BoomTown’s reliable sources, the elusive Microsoft-Yahoo deal is making “meaningful” progress. Accordingly, BoomTown also wondered whether Ballmer planned on visiting Carol Bartz on his trip to the Bay Area this week, or if the proximity of Stanford to Yahoo was just chance, given that Stanford was his main destination.

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In advance of its shareholder meeting today, Google is holding a press event at its Mountain View, Calif., campus with CEO Eric Schmidt presiding. Also on hand: Dave Drummond, senior vice president of corporate development; Susan Wojcicki, vice president for product management, and Marissa Mayer, vice president, search products and user experience. Hot topics of the day: Google’s and Apple’s interlocking boards, YouTube and the company’s thoughts on the econalypse, AOL and netbooks.

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If there was an over-arching theme for this last week on All Things D, it would have to be musical chairs.

Brand new MySpace CEO Owen Van Natta started things off Monday with his first day on the job. He was joined by new COO and former AOL exec Mike Jones and new chief product officer and former Sling Media exec Jason Hirschhorn.

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