MUJI's second store in New York, located at 620 Eighth Avenue, will offer exactly 2,170 items at the time of the opening, and all products will share the same strict MUJI rule: no branding. The name "MUJI" comes from the Japanese word "Mujirushi Ryohin" that essentially means quality without a name. Some people call MUJI the Japanese IKEA, but I'm not … Read more
Over the years, I've become inured to David Brooks' predictable platitudes about politics and culture. He's been wrong so often on the big story of our times--the war--that I automatically tune out his musings on contemporary culture. But after stewing all weekend about his most recent New York Times column, I've got to get this off my chest.
Writing about the ascent of the "alpha geek"--a contradiction in terms?--Brooks cobbles together a series of easy generalizations regularly tossed around as shorthand to explain more complex developments. Call it cliche as socio-economic analysis. To … Read more
Breaking up is hard to do. But in the case of Time Warner, it's simply the right thing to do.
News of the company splitting comes as no surprise. The cable piece of the business has been operating as a separate company for a while now. And investors have been clamoring for the company to make it official. Time Warner corporate announced plans for the split a month ago.
But now the full details of the split have been revealed. And the blogosphere is full of commentary on what a great deal it is for Time Warner corporate, namely … Read more
Time Warner has agreed to separate from its cable division, the company said Wednesday.
As part of the separation, Time Warner Cable has declared a one-time dividend of about $10.9 billion to stockholders, $9.25 billion of which will go to Time Warner.
"Separating the two companies...will help their management teams focus on realizing the full potential of the respective businesses and will provide investors with greater choice in how they own this portfolio of assets," Time Warner CEO Jeff Bewkes said in a release. "We're bullish on Time Warner Cable's prospects, but … Read more
Here's the first installment of Train Wreck's first recurring post: Dysfunctional Executive Watch. It'll show up whenever there's enough material. Enjoy the lunacy, and let us know if you've got something to report.
You've got fraud On Monday, the Securities and Exchange Commission filed civil charges against eight former executives of AOL Time Warner for fraudulently inflating online advertising revenue by more than $1 billion. Four of the executives agreed to pay millions in fines and return ill-gotten gains. Charges against the other four, including former CFO John Michael Kelly, are still pending.
The company had previously agreed to fork over $500 million to settle civil and criminal charges brought by the SEC and the Justice Department.… Read more
It's mobile or bust for cable operators that seem to be trying anything and everything to get into the wireless market.
One of the biggest shifts over the next decade in the cable market is likely to be a move toward wireless services. As cable operators face stiff competition from phone companies, cable operators large and small are looking for ways to take their services mobile.
Brian Roberts, CEO of Comcast, the largest cable operator in the U.S., talked up his company's investment in a new joint venture to blanket the country with 4G, or fourth-generation, wireless … Read more
Securities and Exchange Commission regulators on Monday filed civil fraud charges against eight former AOL Time Warner executives over allegations they overstated the Internet company's advertising revenue in excess of $1 billion.
The lawsuits, filed in U.S. District Court for the Southern District of New York, allege John Michael Kelly, former CFO of AOL Time Warner; Steven E. Rindner, a former Business Affairs unit senior executive; Joseph A. Ripp, former CFO of the AOL division; and Mark Wovsaniker, former Accounting and Policy head, created a fraudulent scheme where AOL Time Warner funded its own advertising revenue by giving … Read more
The New York Times is bringing its e-reader desktop application to the Mac this month. The newspaper publisher unveiled its latest efforts last night, with a slew of screenshots. The Times' First Look post notes that the application will be running on Microsoft's Silverlight technology, enabling rich-media effects and rendering. Users will be able to read, browse, and search the entire publication while offline.
The big difference between the PC application and the Mac version will be the ability to view pages in three different sizes, all of which have been crunched on the company's servers instead of … Read more
The New York Times suggested Wednesday that future versions of the Zune might come with a tiny cop capable of catching digital lawbreakers.
And no, I'm not talking about some sort of bundled action flick.
In a blog, the Times' Saul Hansell said that, as part of Microsoft's deal to get NBC TV shows, it had agreed to look into the possibility of adding technology into the MP3 player that would scan a user's collection for unauthorized content.
The blog cites Microsoft spokesman Adam Sohn as saying that the software maker is exploring antipiracy measures with NBC. … Read more
There are several solid newsreaders for Mac OS X including the popular NewsFire and NetNewsWire which I've talked about here before. But I found an application today which puts a different sort of visual spin on the standard newsreader. It's called Times and it organizes feeds in an entirely different, though immediately familiar way. One quick note: this application only works on Mac OS X 10.5 Leopard.
Most newsreaders offer a three-paned interface with your feed list on the left, headlines with summaries on the upper right, and full stories (once clicked) in the lower right. What … Read more