The Morning Lowdown 12.14.10

Morning Lowdown

»  Yahoo (NSDQ: YHOO) layoff rumors are surfacing again: the word now is 600 to 700 job cuts, way down from the 2,500 that were bruited about before. If it happens, it will be mostly in the U.S. products group, which already has been undergoing an overhaul since Bartz hired former Microsoft (NSDQ: MSFT) Corp. executive Blake Irving to run the division last spring. [AP]

»  Five years after its founding, The Huffington Post is “nearing” profitability and appears on track to exceed an earlier promise to double its revenues this year — now it looks like it might triple. [Bloomberg]

»  Google’s portfolio of acquisitions keeps growing. The latest is stealth mobile payment startup Zetawire. [Inorganic Growth]

»  Lee Enterprises (NYSE: LEE), publisher of the St. Louis Post-Dispatch, offered a generally better outlook as it swung to a profit and ended the year with digital revenues up 12 percent. [10-k]

»  Annual mobile app downloads to increase from 10.9 billion in 2010 to nearly 76.9 billion in 2014 as developers create apps for virtually every aspect of a mobile user’s personal and business lives. [IDC]

»  Time Inc. (NYSE: TWX) wasn’t the only company to announce a new chief digital officer today — so did Madison Avenue’s Ogilvy. [Release]

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