According to Bloomberg.com, Yahoo’s newly-crowned CEO Carol Bartz is considering a bevy of options to lessen the impact of a slowing Internet advertising market, including negotiating with Microsoft CEO Steve Ballmer about a possible Internet search deal.
Last week Ballmer said that the two companies should join forces to compete with Google.
Amid talks about the negotiations with Ballmer, Bartz also said during an investor conference today in San Francisco that she is considering cutting the HotJobs site.
Yahoo! has closed a number of products recently. Among the casualties was Briefcase, an online storage service.
Yahoo fell 8 cents to $12.50 at 4 p.m. New York time in Nasdaq Stock Market trading.
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March 4th, 2009 at 1:50 pm
By cutting I imagine they mean selling.
March 4th, 2009 at 2:20 pm
Most articles state there has been no leaking of news and that no details have been mentioned about any of the negotiations. Where are you pulling this from? Any credible sources or is this just stirring the pot?
March 4th, 2009 at 5:18 pm
Why would Carol dump/sell Hotjobs? I would think that they are adding revenue and traffic to Yahoo!. Plus when I worked there the profit margins were huge. Is she trying to raise maybe close to $1B in cash? Maybe Carol is trying to focus Yahoo! more on search and less on other things in an effort to be more like Google? That would be a mistake….Google owns search and continues to pull away. Yahoo! has to stop the search traffic loss and build revenue and traffic and brand loyalty in other areas.
March 4th, 2009 at 10:05 pm
This move does not surprise me one bit. She was brought in to get Yahoo refocused on the search business. To compete with Google and make themselves more atractive to Microsoft for purchase this makes a lot of sense. Does not have to mean hotjobs goes away. They may take on another life under new ownership.
March 5th, 2009 at 12:03 am
another case of grabbing something out of context and throwing it down on the blog to get a great headline. listen to the clip of the conference. all she does is indicate that she will be examining Yahoo’s other properties outside of their core products. she mentions HotJobs as an example of a non-core property, not as an example of a product they are going to cut. And, she does this – only because the moderator used it as an example of a non-core property in her question to bartz. she doesn’t say that she “may cut HotJobs.” in fact, she follows up the comment by saying they’ll be looking at gettng rid of products on their “wall of shame” — clearly HotJobs (a revenue generating product) is not on Yahoo’s “wall of shame.”
March 5th, 2009 at 12:37 am
This could be true. I wont be surprised if Monster becomes the new owner.
March 5th, 2009 at 9:14 pm
I left yahoo hj after working there for several years. now that im gone i will say what i have always thought…. joel, your blog sucks.