I hope your Labor Day weekend was nice and long. Here’s a look at what’s happening this week on PRrag.com
The Crocodile Hunter, Steve Irwin died yesterday in a tragic accident while filming features for a documentary. PRrag will discuss his impact on our world and remember the enthusiastic outdoorsman.
The “Data War” continues. MySpace recently partnered up with iTunes rival, SnoCap to provide digital music download services.
This is an interesting move and certainly helps SnoCap much more than it helps MySpace. A company like SnoCap would be all too happy to sign a deal with the Internet’s largest social networking portal and its tens of millions of registered users. As nearly everyone lines up to challenge Apple’s utter dominance in the digital music (playing and downloading) market, this may be the most promising move yet to offer Apple serious competition.
Slumbering giant, Yahoo!, may have been stirred last week. Their treasurer, Gideon Yu, joined YouTube, the fast-growing, free personal video hosting and sharing service, as their first-ever chief financial officer.
This is a huge move for Yahoo! if it pans out the way I think it will. The number one web site in the world for traffic faced the very real possibility of losing its advertising market share to Google and scrambling Microsoft as the two continue to trade shots back and forth, signing major web sites to exclusive advertising deals. Yahoo! finally positioned itself to sign a major player as YouTube was one of the only major web portals without such an advertising deal in place. Yu will be in a position to guide YouTube down Yahoo! way.
PRrag.com will continue to follow Yahoo!, Google and Microsoft.
In a bit of breaking news, Tom Freston, CEO of Viacom has resigned. Reuters is reporting Philippe Dauman will succeed Freston at the helm of the major media company.
Freston, one of the founders of MTV Networks, gave no immediate reason for his departure.
You’ll also see this week’s Mid-Week Market Rag tomorrow with more tech and financial industry news.
That’s the rag mop-up for now. Thank you for reading!