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European online radio platform Radionomy hits US
by Staff Writers
San Francisco (AFP) Sept 18, 2012

Twitter unveils new design, apps
San Francisco (AFP) Sept 18, 2012 - Twitter on Tuesday unveiled a series of design updates, a new app for the iPad and new versions of the application for other mobile devices.

"Starting today you can make your presence on Twitter more meaningful with new Twitter profiles," the company blog said.

"Upload an all-new header photo on mobile apps for iPad, iPhone and Android or twitter.com, and the same image will appear whenever anyone views your profile on the web or these apps. You can upload your header photo, which appears above your Tweets, to express yourself instantly, anywhere."

Twitter's Jaikumar Ramanathan said one of the features is improved photo sharing.

"Photo streams for profiles display the images people have shared on Twitter," he wrote.

"Whenever you see a photo stream, swipe left or right through the thumbnails or tap to view photos in fullscreen mode. Android users can also get closer to photos with pinch-to-zoom."

Twitter, which allows its members to post brief comments, links or pictures, claims to have more than 140 million active users, with the largest number being in the United States.

A recent survey found one in seven Americans who go online use Twitter and eight percent do so every day.


Radionomy.com on Tuesday launched its online radio platform in the US, putting its spin on a market dominated by the likes of Pandora and Spotify.

Unlike online radio services that let listeners create playlists based on tastes in music, Radionomy invites people to become deejays or talk-show hosts of their own programs streamed online for anyone to hear.

"You just need an Internet connection and you can start your own station," Radionomy vice president of business development Thierry Ascarez told AFP. "It is open to everyone."

Radionomy provides simple tools for people to create radio programs and provides a library of music.

The company tends to royalties through a deal with Sound Exchange and asks that for four minutes out of every hour on the air it gets to run ads, the revenue from which is shared with program creators.

"It's totally free and easy to use," Ascarez said. "We give tools to producers to create programming from scratch; you can have music, weather, jingles, talk, news... whatever."

Radionomy launched in France in 2008 and added offices in Belgium, Germany and Spain. The company opened a San Francisco office as part of its drive into the US.

About 50 new stations are created daily at Radionomy.com, with nearly 6,000 of them streaming programs daily.

"Consumers as well as professional creators of content have a growing interest in curation, and the services and tools that enable it," said Gartner Research analyst Michael McGuire.

A Radio Mozart station out of France is among the most popular Radionomy programs, according to Ascarez.

"There is always someone behind the programming; there are no algorithms determining what is played," Ascarez said. "The Radio Mozart producer was passionate about classical music and this was his dream."

Radionomy watches out for offensive themes or content at stations.

Radionomy had already attracted an audience in the United States and thought the time right to cultivate programs and advertisers in the market with improved features and online tools.

"More than 6,000 stations and 92 million listening sessions a month are proof positive of just how consumers respond to the creative freedom and flexibility of Radionomy," said company founder and chief executive Alexandre Saboundjian.

"Now, US consumers get to share, create and discover great new online stations too."

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Alibaba begins buying back Yahoo! stake in company
San Francisco (AFP) Sept 18, 2012 - Chinese e-commerce giant Alibaba on Tuesday announced that it has bought back billions of dollars worth of stock from Yahoo! in a step toward independence from the US Internet pioneer.

Alibaba Group Holding Limited said it has completed an initial repurchase of shares from Yahoo! and "restructured its relationship with the Silicon Valley company" in transactions valued at approximately $7.6 billion (US).

"The completion of the first stage of the Alibaba share repurchase represents a significant milestone for both Alibaba and Yahoo!," the California company's chief executive Marissa Mayer said in a release.

"The execution of the deal was excellent."

In May, the companies revealed that more than a year of negotiations had resulted in a deal for Yahoo! to sell back its stake in Alibaba.

The transaction will be carried out in stages, with the first step calling for a repurchase by Alibaba of up to one-half of Yahoo!'s stake, or approximately 20 percent of Alibaba's total shares.

Yahoo! said that it received $6.3 billion in cash and $800 million in Alibaba preferred stock for half of its 40-percent stake in the Chinese online commerce colossus.

Alibaba paid Yahoo! an additional $550 million for a "technology and intellectual property" license agreement.

Yahoo! reported that net cash proceeds after taxes and fees totaled $4.3 billion, $3.65 billion of which will be "returned to shareholders" primarily in the form of stock repurchases.

"I look forward to continued partnership with (Alibaba chief) Jack Ma and his team," Mayer said.



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London (AFP) Sept 12, 2012
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