Diginews - Tribune files for Ch. 11 - TV guide sold for $1 - NYT to borrow against bldg - Mouse turns 40 - Ballmer Qi q&a - Facebook phone



Tribune files for Chapter 11 bankruptcy
Tribune Co files for Chapter 11 bankruptcy on Monday, according to a court filing. Tribune and several dozen affiliates file for bankruptcy protection with U.S. Bankruptcy Court in Delaware. Tribune says has $7.60 billion assets, $12.97 billion debts as of today, December 8.

Yahoo CEO hunt saga, Chernin may not be interested
"If you were Chernin, would you want to trade your powerful, well-paid, glamorous job in Hollywood and New York for what will surely be a slog of a job in Sunnyvale, and in a cubicle?" In any case, Chernin is still in negotiations to extend his hefty contract with News Corp beyond its June expiration, and having his name floated doesn't hurt.

TV guide sold for $1
In 1988, TV Guide was sold to Rupert Murdoch's News Corporation for about $3 billion. In 2000, it was sold for $9.2 billion. Last week, TV Guide once again changed hands. This time, the selling price was one dollar.

New York Times Co. to Borrow Up to $225M Against Building
The Times Company owns 58 percent of the 52-story, 1.5 million-square-foot tower on Eighth Avenue, which was designed by the architect Renzo Piano, and completed last year. The developer Forest City Ratner owns the rest of the building. The Times Company's portion of the building is not currently mortgaged, and some investors have complained that the company has too much of its capital tied up in that real estate. The company is borrowing to ease a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits. Standard & Poor's recently lowered its credit rating on the Times Company below investment grade, and Moody's Investors Service has said it was considering a similar move. Times Company stock, which has lost more than half its value this year, closed on Friday at $7.64, down 30 cents.

The humble mouse hits 40-year milestone
On 9 December 1968 hi-tech visionary Douglas Engelbart first used one to demonstrate novel ways of working with computers.The first mouse that Dr Engelbart used in the demo at the Fall Joint Computer Conference (FJCC) was made of wood and had one button. Much of the technology shown off in the demo inspired the creation of the hardware and software now widely used. Dont miss the video.

Microsoft Interview: Steve Ballmer And Qi Lu
In the first joint interview together, Mr. Ballmer and Dr. Lu on Friday morning discussed their plan for making Microsoft more competitive on the Internet. Mr. Ballmer also reiterated his interest in acquiring in Yahoo's search business and how it would be better for both companies if they can do a deal "sooner than later."

The Decline and Fall of an Ultra Rich Online Gaming Empire
The rise and fall of Internet Gaming Entertainment

A Profile Of Google's Sergey Brin by The Economist
Sergey Brin, one of the founders of Google, believes knowledge is always a good thing—and that more of it should be shared.

Yahoo BOSS Reaches 10 Million Queries Per Day
Yahoo Search BOSS, a search web service which launched just last July, is now serving an average of more than 10 million daily queries, or 100 queries per second, the company says.

3 debuts 'Facebook phone'
Mobile network operator has launched the first handset designed to fully integrate Facebook's features into the traditional functions of a mobile phone, such as a contacts book and text messages. The device, called INQ1 (pronounced 'ink one') is the first phone from new handset maker INQ, a venture set up earlier in the year by 3's owner Hutchison Whampoa.

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