If you are having trouble viewing our video player, check out MediaBytes on YouTube.

Yesterday, while at a Google TV ads conference, NBC head Jeff Zucker noted that TiVo is the number one show on at 10pm. Last year at a conference, Zucker made a similar remark on the future of television, saying “Why should I trade analog dollars for digital pennies.”

While Google reported its first ever decline in quarterly profits, its Q4 revenue jumped 18% to $5.7 billion. The increase, which may seem positive, is the first time Google has posted growth revenue under 30%. A most impressive quarter in a down trending economy.

Google is blaming its profit decline on writedowns from investments in AOL and Clearwire, the Wi-Max wing of Sprint Nextel. Google took a $726 million impairment charge on a $1 billion investment it made in AOL in 2005. Based on the investment, analysts have noted that Google must consider AOL to be worth $5.5 billion, roughly $1.5 billion lower than Jeff Bewkes’s reported asking price.

Microsoft has confirmed plans to cut 5,000 jobs. The move comes after the company posted an 11% decrease in quarterly profit. The news shocked investors, who unloaded shares, bringing MSFT to its lowest trading price in over a decade.

Sony is reporting a $3 billion annual loss. Of the news, Sir Howard said “The massive economic upheaval being experienced across the world is sparing no one in the consumer electronics world.” Sir Howard Stringer noted that not only is the global economy in shambles, but consumer are apprehensive to buy and retailers are going bankrupt and liquidating like wild fire.

The Screen Actors Guild will not be going on strike any time soon. National Executive Director Doug Allen has proposed plans to suspend the strike-authorization vote, a controversial issue which has caused a great deal of tension inside the organization. All things considered, the time certainly isn’t right for a strike, as it will only adversely affect an already brittle economy.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

Tags

Categories

PreviousObama's Inauguration Draws 40 million TV Viewers : MediaBytes with Shelly Palmer January 22, 2009 NextSocial Network Etiquette

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe