N.Y. Times is now supported by readers, not advertisers

The New York Times Is Now Supported by Readers, Not Advertisers At the company’s big three papers — the New York Times, International Herald Tribune, and Boston Globe — print and digital ad dollars dipped 6.6 percent to $220 million, while circulation revenue was up 8.3 percent to $233 million. The historical rebalancing may indicate a sea change in an industry …

Where do America’s biggest banks make their money?

Most people know the traditional banking model, if only from George Bailey in It’s A Wonderful Life. In simplified form: A bank takes deposits from savers, and pays them a low interest rate. Then it lends that money out to borrowers at a higher interest rate. The bank’s profits come from the difference between the rates.   Charming…but far …

Foursquare launches promoted updates – now all social networks have ads in your news feed

It’s official, all the social networking sites have started adding “promoted” tweets/posts/places to your news feed. It’s no surprise considering that Twitter, with its “promoted tweets,” recently said it has a “truckload of money in the bank”.   Today Foursquare is launching its version of search ads, Promoted Updates. Promoted Updates operate like Google’s promoted listings or Twitter’s …

Goodwill – a leader in recycling e-waste, creating green jobs

The following is a press release from Goodwill of Orange County, California. It discusses the great success the company has had managing e-waste and creating green jobs. Check out your local Goodwill to see if they are also accepting e-waste, there is a good chance they are!   Turn Your E-Waste Into New Opportunities. We all …

How Linkedin gets 20x more money per user than Facebook

Forbes has LinkedIn CEO Jeff Weiner on the cover—but the professional social network’s business model is the real hero of the story. Here are some of the amazing statistics Forbes’ George Anders reports: LinkedIn users spend an average of 18 minutes a month on the site. Facebook users spend 6.4 hours a month. But LinkedIn gets $1.30 in revenue …

Facebook’s first public earnings release, Q2 – July 26

Facebook will give investors and the world their first official look at its post-IPO earning for Q2 2012 at 2pm PST on July 26th, according to a brief note posted to its investor relations page just now. The company’s share price closed at $31.095 today, down $0.265 or 0.85%, but still closer to the $38 …

YouTube is finally making money – lot’s of it!

Is Google making money off of YouTube? You betcha, Google execs told shareholders today, without offering the slightest bit of detail. Par for the course. So, in lieu of real numbers from Google, here’s a Wall Street estimate: Google is making a ton of money from YouTube. More specifically: The video site should generate more than $3.6 billion …

The Orange County Register sold to – 2100 Trust LLC – a Massachusetts-based venture

The owner of The Orange County Register announced today that the paper has been bought by 2100 Trust LLC, a privately-held company led by a Massachusetts investor who previously planned to buy The Boston Globe. *** Today’s announcement is the latest in a major sea change in U.S. newspaper ownership as the industry struggles to …

Universal Music Catalog – just a few years away

With the announcement of Amazon’s new Cloud Player iPhone app, the Universal Music Catalog is one step closer. For years I have dreamed of this Star Trek-like device, where I can find any song I want and listen to it, from anywhere. Preferably this will be an app on a device I already own (smartphone), …

California’s budget troubles – say hello to billions in tax revenue from Facebook’s IPO

California is hoping for another Google-effect like the one that happened in 2005, after the company’s IPO. From 2004 to 2005 the revenue from capital gains taxes in California shot up $14 billion. Mark Zuckerberg, whose initial public stock offering in two weeks could value the company at $96 billion, will cut in the state …