Digital Daily » New York Post

BREAKING: Facebook May or May Not Launch Music Service

John Paczkowski — Fri, 17 Oct 2008 17:04:53 +0000

Looks like Facebook CEO Mark Zuckerberg is suffering from a bit of Freudian MySpace Envy. Now that the rival social network has launched what MySpace CEO Chris Wolfe likes to describe as a “mega-music experience,” Facebook is said to be looking for a foothold in the digital music business as well. The New York Post reports that the social network is busy poking the major record labels to gauge their interest in a Facebook music offering. Unlike MySpace Music, which is a joint venture between MySpace and the “Big Four” music labels, Facebook’s music service would more likely take the form of an outsourcing deal with a streaming service like Rhapsody.com or Imeem.com. If there’s a music service at all. Said the Post, “Insiders familiar with the talks further cautioned that nothing is imminent, and Facebook may ultimately walk away from the plan altogether.”

Headless Story Found in Rumor-Filled Bar?

[Image Credit: New York Post]

P2P Tax to Be Followed by Boston P2P Party?

John Paczkowski — Fri, 28 Mar 2008 18:00:47 +0000

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Yahoo Board to Yang: Save the Drama for Your Mama

John Paczkowski — Fri, 15 Feb 2008 18:28:04 +0000

Seems the Yahoo board’s “unanimous” rejection of Microsoft’s $40 billion-plus bid for the company may not have been so unanimous after all. According to the New York Post, the board is actually split over the issue.

On one side is Yahoo CEO Jerry Yang, Eric Hippeau, a managing partner at Softbank Capital Partners and a longtime Yahoo (YHOO) director, and Robert Kotick, chairman and CEO of Activision, who all oppose the bid. On the other is a group led by Yahoo Chairman Roy Bostock and billionaire investor Ron Burkle, who fear Yang has allowed his emotions to get the better of him and forgotten about his fiduciary duty to Yahoo shareholders. And in the absence of a compelling alternative strategy, that could expose the company to litigation.

“The emotional part of Yang would rather do anything but sell to Microsoft,” (MSFT) a source close to the company told the Post. “But he doesn’t have the cards to come up with a value-creating, competitive alternative for shareholders.”