Word: media
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...media has become fascinated with Yahoo again over the last few weeks as it finally found a new CEO to run the company in the place of founder Jerry Yang who was part of the Microsoft foul-up. Carol Bartz was the head of Autodesk (ADSK) from 1992 to 2006. She deserves whatever credit she got for improving Autodesk's fortunes. The stock soared over the period that she ran the company. (See pictures of TIME's Wall Street covers...
...numbers are not the reason that Yahoo does not matter. What matters is that it is no longer a company with even a modest voice in the media industry. The time when Microsoft CEO Steve Ballmer might have bought it or its search division is probably over. Ballmer is, as most good businessmen should be, ruthless beyond the imagination of the general public. He gave Yahoo's board a chance to do the right thing for its shareholders. Once Yahoo turned Ballmer down, he kept leaking comments about ongoing interest to the press. Just as Yahoo was beginning take...
...Yahoo has lost its place as a meaningful player in the media and in the world of the internet because it has the same e-mail, content, TV guide, shopping, mapping, and personal ad sections as the other portals do. None of these is distinguished. These features are, as a matter of fact, nearly interchangeable with the similar features that its competitors offer...
...Yahoo is not the leader in anything anymore. The fascination that the media has with the company is poorly placed. The company may reorganize itself from ten divisions to five. It may fire another 20% of its staff. Those are simply the ordinary actions of an ordinary company struggling with the recession...
...case has not been made, and it should be, that the strategic value of the print media comes from the centuries that it has served as a check and balance to the central government both in the United States and elsewhere. The most obvious example of this is the reporting on Watergate done by The Washington Post, but the tradition is longer and deeper than many people remember. William Randolph Hearst may have been one of the most reprehensible publishers in history, but he was instrumental in building a level of public opinion that prevented FDR's plans...