- Carol Bartz took a sharper knife than expected to Yahoo’ s staffing levels as the biggest online display advertising company struggled to maintain its profit margins in the face of declining sales. As many as 700 more will join the ranks of the unemployed. However, Ms Bartz said she was not shying away from investing more in Yahoo’s most promising businesses.
- The music business continues to shrink. The growth in digital sales last year once again failed to make up for declining sales of traditional formats, according to music industry trade group IFPI. Global sales of physical formats dropped by nearly $2.5bn to $13.8bn, while digital purchases rose only $750m to $3.78bn.
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