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Yahoo throws out podcast service in hope of better days
IN A RUT:
The feature is joining several others the company has scrapped in its effort to snap out of a financial funk that has depressed its stock price
AP, SAN FRANCISCO
Saturday, Sep 29, 2007, Page 10
Yahoo Inc will jettison a little-used service for finding and rating podcasts, or online audio programs, as the latest casualty of the Internet company's rejuvenation effort.
The podcast section will be silenced on Oct. 31, according to a notice posted on Yahoo's Web site. It joins several other features that Yahoo has scrapped as it tries to snap out of a financial funk that has depressed its stock price and triggered a reshuffling of top management.
Yahoo spokeswoman Carrie Davis said the company still hopes to blend its index of podcasts into another part of its Web site.
The latest retrenchment comes near the end of 100-day review of Yahoo's operations that co-founder Jerry Yang (楊致遠) announced in mid-July, a month after he replaced chairman Terry Semel as the Sunnyvale-based company's chief executive.
Yahoo is expected to dump more services before the overhaul is completed, with its music subscription service frequently mentioned as one of the most likely targets.
Some shareholders have suggested the company also could boost profits by closing the Santa Monica offices that serve as the hub of its news and entertainment division.
Yang has revealed little about what else might be cut, saying only that there would be no "sacred cows" as he explores ways to revive Yahoo's earnings growth. The company's profit fell by 7 percent during the first half of this year.
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