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Thursday, Nov 19

Newsfeed Update: 11.19.09

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1111aol_logo.jpgAOL To Cut 2,500 Jobs After Spinoff (Reuters)
AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spinoff from Time Warner Inc. The struggling Web pioneer said it has asked for volunteers, but will perform involuntary layoffs if enough workers do not step up.

How Reddit's Social-Media Dream Deal With Condé Nast Fell Apart (The Big Money)
Although Reddit has had solid traffic growth since its 2006 sale to Condé Nast, both founders announced they were leaving the company on the day their contracts with Condé Nast expired. The dissolution of the Condé Nast-Reddit partnership says a lot about the oil-and-water mixture of old media and new.

YouTube Launches Full-Length Shows Section in the U.K. (Guardian)
YouTube has launched a new shows section for U.K. users as it taps into rising online demand for full-length television programs. The new section provides the first shows from a landmark deal with Channel 4 announced last month.


Crowdsourcing Social Networks to Inform Public Policy (Wired/Epicenter)
Six Apart co-founder Anil Dash plans to reinvent the way the government listens to its citizens. We're not talking about wiretapping. Rather, he wants to solicit expert opinions on scientific matters through a new social network belonging to the American Association for the Advancement of Science's Expert Labs. mediabistro.com: So what do you do, Anil Dash?

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