- Absent an heir apparent to the Razr, Motorola Inc. is ready to abandon the mass-market cellphone business. This news came as the company announced a $3.58bn loss in the fourth quarter, suspended its dividend and said it would cut 4,000 jobs. It also raised a more ominous question for the industry: how to expand when most people already have a phone?
- The revolving door at Time Warner’s AOL unit keeps spinning. Former Yahoo executive vice president of global sales, Gregory Coleman, is taking over as AOL’s president of Web advertising, replacing Lynda Clarizio. Mr Coleman will be the third executive in just over a year to try and energize the division, which sells ads on AOL and thousands of other sites, and suffered an 18 per cent decline in revenue between 2007 and 2008. While this won’t be easy given the lousy climate for ad sales, Coleman seems a likely candidate to succeed.
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