This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Yahoo! Revamps Media Group

Yahoo! (YHOO) has revamped the high-profile media group headed by former ABC television executive Lloyd Braun, according to a memo posted on the Web site .

The changes come as the Sunnyvale, Calif.-based company changes the focus of the business from producing original content to distributing content developed by partners. Yahoo! scaled back plans by Braun to create video productions because Chief Executive Terry Semel found them too similar to television programs. These changes led to friction between Braun and Semel that insiders say has since been resolved.

During a speech last week at the company's analysts' meeting, Braun said that Yahoo! wanted to create unique experiences for users that would be difficult for competitors to replicate. The company couldn't immediately be reached for comment on the media group changes, which had also had been reported on the gossip site ValleyWag .

Yahoo!, which has more visitors than any other Web site, runs some of its most well-known features though the media group, such as fantasy sports, business news and music. Braun was hired to run the business in November 2004.

Vince Broady, a former CNet (CNET) executive, is joining Yahoo! as head of its games and entertainment unit. At CNet, his responsibilities included GameSpot , which he cofounded.

Yahoo! Sports head David Katz will now also run Yahoo! Studios, which will focus on the development and production of event-based, original and user-generated content for the business, the memo says. Scott Moore, who oversees news, finance and technology, will now run health and lifestyles.

Shawn Hardin will leave Yahoo! to pursue other career opportunities, the memo says. He was hired by Yahoo! from Time Warner's (TWX)America Online unit last year.

Shares of Sunnyvale, Calif.-based Yahoo! rose 71 cents to $31.17 in early trading.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs