Tuesday, July 29, 2008

ShopLocal Job Cuts, Sirius-XM Merger

Looks like job cuts are on tap for ShopLocal, a Chicago-based interactive marketing and data concern. About half of the company's estimated workforce will soon be fired with cutbacks beginning Thursday, says an industry source.
ShopLocal employs about 55 people, according to Answers.com. Other web sites say its up to 200 staffers. It also operates ShopLocal.com, an e-commerce site that allows users to compare online shopping sites.
Until recently, ShopLocal was owned jointly by newspaper companies Tribune Co., McClatchy Co. and Gannett. On July 8, Gannett acquired the entire firm from its partners and began to absorb ShopLocal's operations into its Pennsylvania-based PointRoll, an interactive web advertising company.
When I get a tip like this I check with the companies involved. But frankly, I did that in early July, when I heard that ShopLocal was being sold, and no one from any of the merging companies got back to me. A few days later, an announcement of the sale was made public.
My information is credible. But if there's a mistake, ShopLocal or PointRoll can get back to me via this site.
My source suggests the ShopLocal and PointRoll combo makes limited sense (don't you like mergers that make only partial sense?). It will produce a stronger web advertising unit but fails to bolster the ShopLocal.com site's fortunes.
We'll see.


Let's get Sirius. One of the least consequential mergers ever proposed has finally been approved by government regulators.
Congratulations folks, you made the world safe for democracy.
I'm referring to the link-up between XM Satellite Radio and Sirius Satellite Radio, which in February of 2007 entered into a stock swap deal worth about $13 billion, including $1.5 billion in debt. It took 16 months to approve this deal--much longer than agreements triple its size.
As a rule, I'm not a big fan of mergers.
Typically, they generate a lot of hype but don't produce the rosy cost savings, revenue or operational benefits that are so often predicted. Also, just as we're seeing at ShopLocal, people end up losing their jobs.
Chances of the Sirius-XM merger succeeding are, at best, a 50-50 shot. In it's short life, satellite radio has yet to prove it can make a buck from the twin revenue streams of listener subscription fees and paid advertising.
This merger should go a long way toward proving if satellite radio is a viable business model or just a gutsy investment play.
Personally, I'm a Sirius subscriber and enjoy the option of listening to an uncensored Howard Stern, Bloomberg business news, and the music stations.
But lately it sounds to me like Sirius isn't reinvesting in its product, especially the music on the pop and rock stations, where the same selections are playing over and over.
Perhaps Sirius has been forced to spend too much money for lawyers and lobbyists to get this merger approved? Or is CEO Mel Karmazin --a tough man when it comes to spending money--falling back on his old cost-cutting ways?
With the merger approved (with some silly conditions)let's hope Sirius gets back to the business to reinvesting in content. That's why I, and millions more like me, subscribe.

8 comments:

Shopper said...
This comment has been removed by a blog administrator.
Anonymous said...

So were there job cuts at ShopLocal? I heard the CFO and other senior officers were let go

LayoffGossip said...

People always hate to talk about when they are laid off. But as it has become every day's news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not.
And every thing they want to tell anonymously.And www.layoffgossip.com is providing you that platform.

Anonymous said...

Do you know the maple mesos? It is very interesting and if you have enough mesos,you can be strong. So i often go to play the game to get more and more cheap mesos, sometimes i can get the maplestory mesos from my friends who i know in the game. However i like the game very much because of the maple story mesos, i want to play the game more often.

Anonymous said...

酒店兼職
禮服店
酒店上班
酒店打工
酒店小姐
酒店經紀
酒店兼差
假日打工
台北酒店經紀
童裝批發
童裝批發
童裝
童裝
酒店喝酒
暑假打工
寒假打工
酒店
酒店經紀人
酒店現領

Anonymous said...

29047126483369175 I play dofus Replica Watches for one year, I Replica Rolex Watches want to get some Replica Watch kamas to buy Replica Chanel Watches item for my character. So, I search "Replica Swiss Watches" on google and found many website. As Exact Replica Graham Watch the tips from the forum, I just review the Swiss Replica Watches websites and choose some Replica Montblanc Watches quality sites to Replica Cartier Watches compare the price, and go to their Replica Breguet Watches online support to make Replica Breitling Watches the test. And Last Chaos Gold I decide to use Replica BRM Watch at the end. And Tag Heuer Replica Watch that is the Replica IWC Watch beginning..

Adi said...

Oes Tsetnoc one of the ways in which we can learn seo besides Mengembalikan Jati Diri Bangsa. By participating in the Oes Tsetnoc or Mengembalikan Jati Diri Bangsa we can improve our seo skills. To find more information about Oest Tsetnoc please visit my Oes Tsetnoc pages. And to find more information about Mengembalikan Jati Diri Bangsa please visit my Mengembalikan Jati Diri Bangsa page and other update like as Beratnya Mengembalikan Jati Diri Bangsa, Mengembalikan Jati Diri Bangsa di perpanjang and Jangan Berhenti Mengembalikan Jati Diri Bangsa. Thank you So much.

Oes Tsetnoc | Lanjutkan Mengembalikan Jati Diri Bangsa

Anonymous said...

ShopLocal just laid a bunch of people off in the Chicago office. It's 2011, seriously layoffs Gannett?