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"content": "\u003cfigure id=\"attachment_81997\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/Oakland-Coliseum-Getty-Images.jpg\">\u003cimg class=\"size-medium wp-image-81997\" title=\"Seattle Mariners v Oakland Athletics\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/Oakland-Coliseum-Getty-Images-300x202.jpg\" alt=\"\" width=\"300\" height=\"202\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The O.co Coliseum -- orignally called the Oakland Coliseum -- was once named the McAfee Coliseum, after the anti-virus software company founded by John McAfee (Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>GUATEMALA CITY (AP) — Surfacing in public for the first time in weeks, software company founder John McAfee says he plans to ask for asylum in Guatemala, saying he fears persecution in Belize.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cul>\n\u003cul>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.whoismcafee.com/\">McAfee's blog\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.nytimes.com/2012/12/02/business/john-mcafee-plays-hide-and-seek-in-belize.html?_r=0\">How a journalist's smart phone accidentally blew\u003cbr>\n\u003c/a>\u003ca href=\"http://www.nytimes.com/2012/12/02/business/john-mcafee-plays-hide-and-seek-in-belize.html?_r=0\">McAfee's cover\u003cbr>\n\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.nytimes.com/2012/12/02/business/john-mcafee-plays-hide-and-seek-in-belize.html?_r=0\">McAfee's strange adventures\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/ul>\n\u003c/ul>\n\u003c/ul>\n\u003c/aside>\n\u003cp>McAfee is now at a hotel in Guatemala City after sneaking out of neighboring Belize, where police have called him a person of interest in the November slaying of a fellow American ex-pat.\u003c/p>\n\u003cp>He tells The Associated Press that he will petition the Guatemalan government to allow him to stay. McAfee has said he fears he will be killed if he turns himself in for questioning in Belize.\u003c/p>\n\u003cp>McAfee has spent weeks narrating his life on the lam through emails, blog posts and calls to reporters.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>SAN FRANCISCO (AP) Netflix's video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/04/netflixlogo.jpg\">\u003cimg class=\"alignleft size-full wp-image-63124\" title=\"netflixlogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/04/netflixlogo.jpg\" alt=\"\" width=\"94\" height=\"94\">\u003c/a>The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to a popular service that streams video over high-speed Internet connections. Netflix says the deal with make it \"the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios.\"\u003c/p>\n\u003cp>Investors applauded Netflix's coup, lifting the company's stock by $7.65, or more than 10 percent, to $83.65 in afternoon trading.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://finance.yahoo.com/q?s=nflx&ql=1\" target=\"_blank\">NFLX realtime stock quote\u003c/a> (Yahoo! Finance) \u003c/aside>\n\u003cp>It's the first time that one of Hollywood's major studios has sold the coveted rights to Netflix Inc. instead of a premium TV network such as HBO, Starz and Showtime. DreamWorks Animation SKG Inc. licensed the pay-TV rights to its movies to Netflix last year under a deal that begins in 2013, but those movies don't wield the same box-office appeal as Disney, whose stable includes Pixar Animation and Marvel.\u003c/p>\n\u003cp>Starz currently holds the rights to The Walt Disney Co.'s movies under a deal that expires in 2015.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Beginning in 2016, Netflix will be able to show Disney movies about seven months after they leave theaters.\u003c/p>\n\u003cp>In Tuesday's \u003ca href=\"https://signup.netflix.com/MediaCenter/Press\" target=\"_blank\">news release\u003c/a>, Netflix didn't disclose how much it is paying Disney.\u003c/p>\n\u003cp>The Disney deal gives Netflix a measure of revenge against Starz, which had been demanding a price that \u003ca href=\"http://ww2.kqed.org/news/2011/09/01/netflix-increased-prices-damaging-deal-news-and-8-stock-drop-all-in-one-day/\" target=\"_blank\">Netflix refused to pay when their licensing agreement expired\u003c/a> earlier this year. The Starz rights had included Disney movies, so losing that access had been seen as a blow to Netflix.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The stock price of Liberty Media Corp., Starz' owner, dropped $6.62, or 6 percent, to $104.43 in afternoon trading.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>SAN FRANCISCO (AP) Netflix's video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/04/netflixlogo.jpg\">\u003cimg class=\"alignleft size-full wp-image-63124\" title=\"netflixlogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/04/netflixlogo.jpg\" alt=\"\" width=\"94\" height=\"94\">\u003c/a>The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to a popular service that streams video over high-speed Internet connections. Netflix says the deal with make it \"the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios.\"\u003c/p>\n\u003cp>Investors applauded Netflix's coup, lifting the company's stock by $7.65, or more than 10 percent, to $83.65 in afternoon trading.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://finance.yahoo.com/q?s=nflx&ql=1\" target=\"_blank\">NFLX realtime stock quote\u003c/a> (Yahoo! Finance) \u003c/aside>\n\u003cp>It's the first time that one of Hollywood's major studios has sold the coveted rights to Netflix Inc. instead of a premium TV network such as HBO, Starz and Showtime. DreamWorks Animation SKG Inc. licensed the pay-TV rights to its movies to Netflix last year under a deal that begins in 2013, but those movies don't wield the same box-office appeal as Disney, whose stable includes Pixar Animation and Marvel.\u003c/p>\n\u003cp>Starz currently holds the rights to The Walt Disney Co.'s movies under a deal that expires in 2015.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Can Public Media Organizations Succeed Seeding Silicon Valley Startups? New Fund to Find Out",
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"content": "\u003cfigure id=\"attachment_81583\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/coreyfordjohnboland-e1354314500107.jpg\">\u003cimg class=\"size-medium wp-image-81583\" title=\"coreyfordjohnboland\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/coreyfordjohnboland-e1354314500107-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Matter Ventures CEO Corey Ford and KQED President John Boland\u003c/figcaption>\u003c/figure>\n\u003cp>Three media nonprofits -- \u003ca href=\"http://www.knightfoundation.org/\">Knight Foundation\u003c/a>, \u003ca href=\"http://www.prx.org/\">Public Radio Exchange\u003c/a> (PRX), and KQED (you're on it, bub, no link required) have announced they're creating a $2.5 million \u003ca href=\"http://www.inc.com/christina-desmarais/difference-between-startup-accelerator-and-incubator.html\" target=\"_blank\">accelerator\u003c/a> fund for selected media startups -- of the \u003cem>for\u003c/em>-profit variety -- to tap.\u003c/p>\n\u003cp>It's called Matter Ventures, based in San Francisco's SoMa district. Prospective candidates will be able to apply at the \u003ca href=\"http://www.matter.vc/\" target=\"_blank\">web site\u003c/a>, which went live today.\u003c/p>\n\u003cp>KQED and Knight Foundation are kicking in $1.25 million each to fund the initiative over two years, potentially taking an equity stake in businesses that develop within the program. PRX will help run the project. The media accelerator was \u003ca href=\"http://techcrunch.com/2012/03/08/public-media-gets-its-own-accelerator-led-by-corey-ford-from-eric-schmidts-innovation-endeavors/\" target=\"_blank\">previously announced last December by PRX and Knight under the name Public Media X\u003c/a>, and now KQED has come aboard. The CEO, as reported last year, will be Corey Ford, formerly of Runway, an incubator in ex-Google CEO Eric Schmidt's venture capital fund, Innovation Endeavors.\u003c/p>\n\u003cp>KQED is a San Francisco-based, member-supported public media organization best known for its radio and TV broadcasts. Knight Foundation funds various journalism and community projects. PRX is an online clearinghouse for public radio content.\u003c/p>\n\u003cp>Here's how it'll work, from the press release:\u003c/p>\n\u003cblockquote>\u003cp>The intensive, four-month acceleration program is designed for media startups with multi-disciplinary teams who have early-stage prototypes, such as participatory platforms, mobile applications, B2B media services, and content production engines. Matter will invest in entrepreneurs who show high potential to create media ventures that make a meaningful, positive impact on society while pursuing a sustainable, scalable, profitable business model. Over the course of two years, the fund will run four class cycles, each consisting of five startups....\u003c/p>\n\u003cp>Startups selected to participate in Matter will receive a $50,000 investment and will work side by side in a creative space in the South Park area of San Francisco's SoMa district... The structured program will kick off with an intensive design thinking and entrepreneurship bootcamp followed by a regular series of design reviews, mentoring session and educational workshops ... At the end of the four-month program, teams will pitch at a demo day to the Matter community and potential investors.\u003c/p>\u003c/blockquote>\n\u003cp>The application deadline is Jan 6. The first round of participants will start the program in February, 2013.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c!--more-->KQED's Joshua Johnson recently interviewed Corey Ford, because he's the Matter CEO, and KQED President and CEO John Boland, because Joshua knew where to find him on the third floor. And because he wanted to ask him, you know, \u003ca href=\"http://ww2.kqed.org/news/2012/12/02/matter-ventures-media-accelerato/#boland\">what's a nice org like you doing in a space like this\u003c/a>?\u003c/p>\n\u003cp>We don't want to get too self-involved here. For those of you interested in issues facing public media organizations like KQED, as well as the disruptive effect on business models and content delivery that digital technology has had on all media, have at these. For the rest of you, here are some \u003ca href=\"http://ww2.kqed.org/news/2012/11/28/11-creative-images-of-the-bay-area-rain/\" target=\"_blank\">awesome images of the Bay Area rain\u003c/a>.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://matter.vc/#apply\" target=\"_blank\">\u003cstrong>Sign up for application details\u003c/strong>\u003c/a>\u003c/aside>\n\u003cp>I will say this: Joshua's first question posits the idea that the cultures of Silicon Valley and public media are \"diametrically opposed.\" As someone who has worked within both now, I think that's an interesting starting point for a pair of good discussions.\u003c/p>\n\u003cp>First, CEO Corey Ford, who described the new Matter accelerator as a place \"where the values of public media meet the mindset of Silicon Valley.\"\u003c/p>\n\u003cp>Both of the following transcripts have been edited for length and readability...\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: I think that, intuitively, people understand the ethos of Silicon Valley, and people who watch and listen to KQED or other public stations understand the ethos of public media – and those seem to be almost diametrically opposed. How do you get them to work together?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: I don't see them as diametrically opposed. I believe you can be mission-driven and you can pursue and use the best practices of sustainable, scalable, entrepreneurship all in one. What it really comes down to is having a culture of experimentation.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: How did this project come about?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: It all started, I believe, with a conversation between \u003ca href=\"http://www.pbs.org/idealab/2012/01/why-prx-knight-created-an-accelerator-for-public-media018.html\" target=\"_blank\">Jake Shapiro\u003c/a> of PRX and John Bracken from the Knight Foundation, saying if you look at what's going on in Silicon Valley and how much innovation these accelerator programs are producing, is there a way that we can leverage that type of model to support innovations in the areas we care about, in the future of media that matters?\u003c/p>\n\u003cp>And at the same time, I used to produce films for \u003ca href=\"http://www.pbs.org/wgbh/pages/frontline/view/\" target=\"_blank\">Frontline\u003c/a> on Public Television. I loved what we did and I believed really deeply in what we did, but around 2005 it felt like the world was changing dramatically and it didn't feel like we were changing at all.\u003c/p>\n\u003cp>And so I stepped away from one of the best jobs in public television because I wanted to learn more about entrepreneurship, about innovation and leadership so I could apply them, potentially, back to public media, either in the current institutions or by helping build startups that would put that mission forward.\u003c/p>\n\u003caside class=\"pullquote alignleft\">It's not just owning how is content produced or delivered but what is the business model around that, one of the key problems to solve within the media-that-matters space.\n\u003cp>--Matter CEO Corey Ford\u003c/p>\u003c/aside>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: And the one biggest thing that you learned that you would like to see apply to public media is…?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: It's really about building a culture of experimentation, one that is audience-centered and designed for their emerging needs, and that's not about getting it perfect. It's about taking your idea and building it in a way where you can get feedback from your audience, and then iterating on that.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Why doesn't that exist in Public Media today?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: Well, I am not saying that it doesn't exist in public media today...\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Then more broadly...\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: Right. I think it's challenging almost anywhere. You have to be really intentional about thinking about how to build a culture of experimentation, and I think any institution that's been around for a while, once they've had their successes, it's more risky to experiment with them.\u003c/p>\n\u003cp>So part of what we are doing is creating this place where we can think about the world from a blank-slate perspective. We can ask ourselves, if we are going to build a meaningful media institution, how might we do that leveraging emerging technologies, seeking new business models, and I think most importantly designing explicitly for the needs and emerging behaviors of our audience.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: What kind of startups are you looking for?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: The one constant in early-stage entrepreneurship is everything is going to change, so you really want to find the people and the teams who are driven by a similar mission that we're looking for. They have a vision for how their startups are going to impact society in a way that makes its citizens more informed, engaged or empowered.\u003c/p>\n\u003cp>In terms of specific ideas, I think they can range from participatory platforms -- think Twitter -- business-to-business services, mobile-first applications. Maybe a Kickstarter business model, designed for mobile first, which appeals to millennials, for example.\u003c/p>\n\u003cp>And finally what I would call not content but content-production engines. We are looking for people who think of their startups as a venture. It's not just owning how is content produced or delivered but what is the business model around that, one of the key problems to solve within the media-that-matters space.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: What is it about this geographic area that you think makes a good fit for innovating public media?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: There is a culture to Silicon Valley that is really hard to copy anywhere else. For me, and I think it is really misunderstood in some places, what it comes down to is what does failure look like in your organization? Is it something that is celebrated by the top leadership and reverberates so that it says I can experiment and I can learn and adjust based on that? And I think Silicon Valley has that nailed.\u003c/p>\n\u003cp>\u003ca name=\"boland\">\u003c/a>\u003cbr>\n\u003cstrong>\u003cem>End interview. Here's the interview with KQED President and CEO John Boland...\u003c/em>\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>JOSHUA JOHNSON\u003c/strong>: This sounds like new territory for a public media organization -- to be involved and, literally, invested in a venture like this.\u003c/p>\n\u003cp>\u003cstrong>KQED's JOHN BOLAND\u003c/strong>: It is something new and it also fits perfectly with our strategy for KQED, which is to develop and invent a new model for public media. The reason we are doing that is the needs of our audience are changing so drastically and things in the community are changing rapidly, largely because of digital technology. So we feel we need to innovate and reinvent at a fairly rapid clip.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: I often deal with KQED audience members who want everything to stay exactly the way it is -- they don't want any kind of change and if you change it, I am taking my membership dollars back. But the reality is we really are in an era in which all the rules are being thrown out. So what is KQED experiencing, specifically?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: We have to be all things to all people. Television and radio are still around and continuing, and we fully intend to continue those services in a very robust way. But we know that people are increasingly using laptops and smart phones and tablets, and they are not only accessing media in different ways, the media is being created in different ways.\u003c/p>\n\u003cp>Also, audiences are engaging in a kind of a two-way conversation in a way they never could with radio and television. We are definitely getting the signal from folks that you need to deliver KQED with this new digital content and services, and with the community that is convening.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Explain what some of the challenges are in terms of innovation in public media, which seems to deal with some specific kinds of strictures.\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think we have some specific strictures and some specific opportunities. I think the opportunity part is that public media, although it is a nonprofit and that's always a struggle financially, has a financial model in terms of community support that's still working, whereas the ad-supported model in commercial media has really fallen apart on the digital side.\u003c/p>\n\u003cp>I think the difficulty is we are so busy keeping up with the needs of the community as we see them now and delivering the services as we see them now that it's hard to find room and resources for trying new things. A lot of the ideas are coming from entrepreneurs and people with concepts that not only are designed to become the next Google and make lots of money, but really to change the world and media in positive ways. A lot of that is happening outside our ecosystem, and we feel like we need to make that connection.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: So why don't we see more independent producers now, walking into their local PBS station or NPR station, saying, \"I've got a great idea for this thing and it takes this much and it can be done this way and... ta-da!\"\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: What's interesting is that we get a lot of independent radio or TV producers coming in with great ideas, and we engage them, but we don't necessarily get people coming in saying, \"I have a new technology application that will really help you connect and serve your audience better.\" And the reason is they don't feel a public media organization is going to have the resources to invest in them, so they show up at a venture capital firm or an incubator or an accelerator.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Talk about where the dollars for this come from. This is a huge investment that KQED is making. I can imagine someone saying, \"I'd rather you just put that toward something you are already doing and keep me happy the way you're already doing it.\"\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: The dollars won't come away from the services we provide now or even their growth. What people don't realize is that KQED makes investments like this every year. We invest in a new radio transmitter, a new television master control. So this is coming out of that, our capital reserve fund, from which every year we spend several million dollars.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: For KQED members and audiences who think this is just an awesome idea but it seems hard to wrap their arms around, anything else they should know?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think it's legitimate for people to raise the question -- and people have raised it-- \"Is this a risky thing for KQED to do?\" And I would say not really, because we are not investing in this to get a big financial return. We're smart enough to know most startups do not become Google or Apple. What we are really looking for is an innovation return.\u003c/p>\n\u003cp>If out of this investment we get some great ideas that are going to help us do better work, if we meet some great people whose company maybe doesn't take off but they end up coming to work for KQED, if we find some great technology that we can leverage, then I think it will be a worthwhile investment.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: One of the things that I have discussed with Corey Ford is the nature of failure in innovation. If this venture fails, how does that reflect on KQED?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think it reflects that we are willing to take risks because the fact is we are in an environment now where you hear the phrase \"fail forward.\" You have to try things. And I am confident we are going to learn something from this. I hope it's a good lesson and not a bad lesson.\u003c/p>\n\u003cp>\u003cstrong>Update 9:50 a.m.\u003c/strong> So what is an \"accelerator\" anyway? Hari Sreenivasan took a \u003ca href=\"http://www.youtube.com/watch?v=6Q_44Apgzho&feature=youtube_gdata_player\" target=\"_blank\">look at the concept\u003c/a> last year for KQED's This Week in Northern California and PBS NewsHour.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.youtube.com/embed/6Q_44Apgzho\" frameborder=\"0\" width=\"500\" height=\"281\">\u003c/iframe>\u003c/p>\n\n",
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"description": "Three media nonprofits -- Knight Foundation, Public Radio Exchange (PRX), and KQED (you're on it, bub, no link required) have announced they're creating a $2.5 million accelerator fund for selected media startups -- of the for-profit variety -- to tap. It's called Matter Ventures, based in San Francisco's SoMa district. Prospective candidates will be able",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_81583\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/coreyfordjohnboland-e1354314500107.jpg\">\u003cimg class=\"size-medium wp-image-81583\" title=\"coreyfordjohnboland\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/coreyfordjohnboland-e1354314500107-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Matter Ventures CEO Corey Ford and KQED President John Boland\u003c/figcaption>\u003c/figure>\n\u003cp>Three media nonprofits -- \u003ca href=\"http://www.knightfoundation.org/\">Knight Foundation\u003c/a>, \u003ca href=\"http://www.prx.org/\">Public Radio Exchange\u003c/a> (PRX), and KQED (you're on it, bub, no link required) have announced they're creating a $2.5 million \u003ca href=\"http://www.inc.com/christina-desmarais/difference-between-startup-accelerator-and-incubator.html\" target=\"_blank\">accelerator\u003c/a> fund for selected media startups -- of the \u003cem>for\u003c/em>-profit variety -- to tap.\u003c/p>\n\u003cp>It's called Matter Ventures, based in San Francisco's SoMa district. Prospective candidates will be able to apply at the \u003ca href=\"http://www.matter.vc/\" target=\"_blank\">web site\u003c/a>, which went live today.\u003c/p>\n\u003cp>KQED and Knight Foundation are kicking in $1.25 million each to fund the initiative over two years, potentially taking an equity stake in businesses that develop within the program. PRX will help run the project. The media accelerator was \u003ca href=\"http://techcrunch.com/2012/03/08/public-media-gets-its-own-accelerator-led-by-corey-ford-from-eric-schmidts-innovation-endeavors/\" target=\"_blank\">previously announced last December by PRX and Knight under the name Public Media X\u003c/a>, and now KQED has come aboard. The CEO, as reported last year, will be Corey Ford, formerly of Runway, an incubator in ex-Google CEO Eric Schmidt's venture capital fund, Innovation Endeavors.\u003c/p>\n\u003cp>KQED is a San Francisco-based, member-supported public media organization best known for its radio and TV broadcasts. Knight Foundation funds various journalism and community projects. PRX is an online clearinghouse for public radio content.\u003c/p>\n\u003cp>Here's how it'll work, from the press release:\u003c/p>\n\u003cblockquote>\u003cp>The intensive, four-month acceleration program is designed for media startups with multi-disciplinary teams who have early-stage prototypes, such as participatory platforms, mobile applications, B2B media services, and content production engines. Matter will invest in entrepreneurs who show high potential to create media ventures that make a meaningful, positive impact on society while pursuing a sustainable, scalable, profitable business model. Over the course of two years, the fund will run four class cycles, each consisting of five startups....\u003c/p>\n\u003cp>Startups selected to participate in Matter will receive a $50,000 investment and will work side by side in a creative space in the South Park area of San Francisco's SoMa district... The structured program will kick off with an intensive design thinking and entrepreneurship bootcamp followed by a regular series of design reviews, mentoring session and educational workshops ... At the end of the four-month program, teams will pitch at a demo day to the Matter community and potential investors.\u003c/p>\u003c/blockquote>\n\u003cp>The application deadline is Jan 6. The first round of participants will start the program in February, 2013.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c!--more-->KQED's Joshua Johnson recently interviewed Corey Ford, because he's the Matter CEO, and KQED President and CEO John Boland, because Joshua knew where to find him on the third floor. And because he wanted to ask him, you know, \u003ca href=\"http://ww2.kqed.org/news/2012/12/02/matter-ventures-media-accelerato/#boland\">what's a nice org like you doing in a space like this\u003c/a>?\u003c/p>\n\u003cp>We don't want to get too self-involved here. For those of you interested in issues facing public media organizations like KQED, as well as the disruptive effect on business models and content delivery that digital technology has had on all media, have at these. For the rest of you, here are some \u003ca href=\"http://ww2.kqed.org/news/2012/11/28/11-creative-images-of-the-bay-area-rain/\" target=\"_blank\">awesome images of the Bay Area rain\u003c/a>.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://matter.vc/#apply\" target=\"_blank\">\u003cstrong>Sign up for application details\u003c/strong>\u003c/a>\u003c/aside>\n\u003cp>I will say this: Joshua's first question posits the idea that the cultures of Silicon Valley and public media are \"diametrically opposed.\" As someone who has worked within both now, I think that's an interesting starting point for a pair of good discussions.\u003c/p>\n\u003cp>First, CEO Corey Ford, who described the new Matter accelerator as a place \"where the values of public media meet the mindset of Silicon Valley.\"\u003c/p>\n\u003cp>Both of the following transcripts have been edited for length and readability...\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: I think that, intuitively, people understand the ethos of Silicon Valley, and people who watch and listen to KQED or other public stations understand the ethos of public media – and those seem to be almost diametrically opposed. How do you get them to work together?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: I don't see them as diametrically opposed. I believe you can be mission-driven and you can pursue and use the best practices of sustainable, scalable, entrepreneurship all in one. What it really comes down to is having a culture of experimentation.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: How did this project come about?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: It all started, I believe, with a conversation between \u003ca href=\"http://www.pbs.org/idealab/2012/01/why-prx-knight-created-an-accelerator-for-public-media018.html\" target=\"_blank\">Jake Shapiro\u003c/a> of PRX and John Bracken from the Knight Foundation, saying if you look at what's going on in Silicon Valley and how much innovation these accelerator programs are producing, is there a way that we can leverage that type of model to support innovations in the areas we care about, in the future of media that matters?\u003c/p>\n\u003cp>And at the same time, I used to produce films for \u003ca href=\"http://www.pbs.org/wgbh/pages/frontline/view/\" target=\"_blank\">Frontline\u003c/a> on Public Television. I loved what we did and I believed really deeply in what we did, but around 2005 it felt like the world was changing dramatically and it didn't feel like we were changing at all.\u003c/p>\n\u003cp>And so I stepped away from one of the best jobs in public television because I wanted to learn more about entrepreneurship, about innovation and leadership so I could apply them, potentially, back to public media, either in the current institutions or by helping build startups that would put that mission forward.\u003c/p>\n\u003caside class=\"pullquote alignleft\">It's not just owning how is content produced or delivered but what is the business model around that, one of the key problems to solve within the media-that-matters space.\n\u003cp>--Matter CEO Corey Ford\u003c/p>\u003c/aside>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: And the one biggest thing that you learned that you would like to see apply to public media is…?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: It's really about building a culture of experimentation, one that is audience-centered and designed for their emerging needs, and that's not about getting it perfect. It's about taking your idea and building it in a way where you can get feedback from your audience, and then iterating on that.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Why doesn't that exist in Public Media today?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: Well, I am not saying that it doesn't exist in public media today...\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Then more broadly...\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: Right. I think it's challenging almost anywhere. You have to be really intentional about thinking about how to build a culture of experimentation, and I think any institution that's been around for a while, once they've had their successes, it's more risky to experiment with them.\u003c/p>\n\u003cp>So part of what we are doing is creating this place where we can think about the world from a blank-slate perspective. We can ask ourselves, if we are going to build a meaningful media institution, how might we do that leveraging emerging technologies, seeking new business models, and I think most importantly designing explicitly for the needs and emerging behaviors of our audience.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: What kind of startups are you looking for?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: The one constant in early-stage entrepreneurship is everything is going to change, so you really want to find the people and the teams who are driven by a similar mission that we're looking for. They have a vision for how their startups are going to impact society in a way that makes its citizens more informed, engaged or empowered.\u003c/p>\n\u003cp>In terms of specific ideas, I think they can range from participatory platforms -- think Twitter -- business-to-business services, mobile-first applications. Maybe a Kickstarter business model, designed for mobile first, which appeals to millennials, for example.\u003c/p>\n\u003cp>And finally what I would call not content but content-production engines. We are looking for people who think of their startups as a venture. It's not just owning how is content produced or delivered but what is the business model around that, one of the key problems to solve within the media-that-matters space.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: What is it about this geographic area that you think makes a good fit for innovating public media?\u003c/p>\n\u003cp>\u003cstrong>FORD\u003c/strong>: There is a culture to Silicon Valley that is really hard to copy anywhere else. For me, and I think it is really misunderstood in some places, what it comes down to is what does failure look like in your organization? Is it something that is celebrated by the top leadership and reverberates so that it says I can experiment and I can learn and adjust based on that? And I think Silicon Valley has that nailed.\u003c/p>\n\u003cp>\u003ca name=\"boland\">\u003c/a>\u003cbr>\n\u003cstrong>\u003cem>End interview. Here's the interview with KQED President and CEO John Boland...\u003c/em>\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>JOSHUA JOHNSON\u003c/strong>: This sounds like new territory for a public media organization -- to be involved and, literally, invested in a venture like this.\u003c/p>\n\u003cp>\u003cstrong>KQED's JOHN BOLAND\u003c/strong>: It is something new and it also fits perfectly with our strategy for KQED, which is to develop and invent a new model for public media. The reason we are doing that is the needs of our audience are changing so drastically and things in the community are changing rapidly, largely because of digital technology. So we feel we need to innovate and reinvent at a fairly rapid clip.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: I often deal with KQED audience members who want everything to stay exactly the way it is -- they don't want any kind of change and if you change it, I am taking my membership dollars back. But the reality is we really are in an era in which all the rules are being thrown out. So what is KQED experiencing, specifically?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: We have to be all things to all people. Television and radio are still around and continuing, and we fully intend to continue those services in a very robust way. But we know that people are increasingly using laptops and smart phones and tablets, and they are not only accessing media in different ways, the media is being created in different ways.\u003c/p>\n\u003cp>Also, audiences are engaging in a kind of a two-way conversation in a way they never could with radio and television. We are definitely getting the signal from folks that you need to deliver KQED with this new digital content and services, and with the community that is convening.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Explain what some of the challenges are in terms of innovation in public media, which seems to deal with some specific kinds of strictures.\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think we have some specific strictures and some specific opportunities. I think the opportunity part is that public media, although it is a nonprofit and that's always a struggle financially, has a financial model in terms of community support that's still working, whereas the ad-supported model in commercial media has really fallen apart on the digital side.\u003c/p>\n\u003cp>I think the difficulty is we are so busy keeping up with the needs of the community as we see them now and delivering the services as we see them now that it's hard to find room and resources for trying new things. A lot of the ideas are coming from entrepreneurs and people with concepts that not only are designed to become the next Google and make lots of money, but really to change the world and media in positive ways. A lot of that is happening outside our ecosystem, and we feel like we need to make that connection.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: So why don't we see more independent producers now, walking into their local PBS station or NPR station, saying, \"I've got a great idea for this thing and it takes this much and it can be done this way and... ta-da!\"\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: What's interesting is that we get a lot of independent radio or TV producers coming in with great ideas, and we engage them, but we don't necessarily get people coming in saying, \"I have a new technology application that will really help you connect and serve your audience better.\" And the reason is they don't feel a public media organization is going to have the resources to invest in them, so they show up at a venture capital firm or an incubator or an accelerator.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: Talk about where the dollars for this come from. This is a huge investment that KQED is making. I can imagine someone saying, \"I'd rather you just put that toward something you are already doing and keep me happy the way you're already doing it.\"\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: The dollars won't come away from the services we provide now or even their growth. What people don't realize is that KQED makes investments like this every year. We invest in a new radio transmitter, a new television master control. So this is coming out of that, our capital reserve fund, from which every year we spend several million dollars.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: For KQED members and audiences who think this is just an awesome idea but it seems hard to wrap their arms around, anything else they should know?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think it's legitimate for people to raise the question -- and people have raised it-- \"Is this a risky thing for KQED to do?\" And I would say not really, because we are not investing in this to get a big financial return. We're smart enough to know most startups do not become Google or Apple. What we are really looking for is an innovation return.\u003c/p>\n\u003cp>If out of this investment we get some great ideas that are going to help us do better work, if we meet some great people whose company maybe doesn't take off but they end up coming to work for KQED, if we find some great technology that we can leverage, then I think it will be a worthwhile investment.\u003c/p>\n\u003cp>\u003cstrong>JOHNSON\u003c/strong>: One of the things that I have discussed with Corey Ford is the nature of failure in innovation. If this venture fails, how does that reflect on KQED?\u003c/p>\n\u003cp>\u003cstrong>BOLAND\u003c/strong>: I think it reflects that we are willing to take risks because the fact is we are in an environment now where you hear the phrase \"fail forward.\" You have to try things. And I am confident we are going to learn something from this. I hope it's a good lesson and not a bad lesson.\u003c/p>\n\u003cp>\u003cstrong>Update 9:50 a.m.\u003c/strong> So what is an \"accelerator\" anyway? Hari Sreenivasan took a \u003ca href=\"http://www.youtube.com/watch?v=6Q_44Apgzho&feature=youtube_gdata_player\" target=\"_blank\">look at the concept\u003c/a> last year for KQED's This Week in Northern California and PBS NewsHour.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "Worried About Facebook? Here's Who Really Knows Your Private Business",
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"content": "\u003cp>Facebook user-agreement changes and the accompanying uproar about privacy are beginning to feel as common as, say, an Apple product launch. But how big a threat are these changes?\u003c/p>\n\u003cfigure id=\"attachment_81433\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebook-privacy.jpg\">\u003cimg decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-81433\" title=\"Demonstration Held Against Facebook's Privacy Policies\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebook-privacy-300x197.jpg\" alt=\"\" width=\"300\" height=\"197\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Concerns over privacy led to protests in June, 2010 (Justin Sullivan/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>KQED’s \u003ca href=\"http://www.kqed.org/a/forum/R201211280900\" target=\"_blank\" rel=\"noopener\">Forum\u003c/a> gathered some smart people: \u003ca href=\"http://allthingsd.com/author/kara/\" target=\"_blank\" rel=\"noopener\">All Things D’s\u003c/a> Kara Swisher, \u003ca href=\"http://www.npr.org/people/2101272/laura-sydell\" target=\"_blank\" rel=\"noopener\">NPR’s\u003c/a> Laura Sydell and \u003ca href=\"http://epic.org/epic/staff_and_board.html\" target=\"_blank\" rel=\"noopener\">Electronic Privacy Information Center’s\u003c/a> Mark Rotenberg to gather insight into \u003ca href=\"http://www.foxnews.com/tech/2012/11/27/how-facebook-policy-changes-affect/\" target=\"_blank\" rel=\"noopener\">Facebook’s latest policy changes\u003c/a>. The takeaway: Facebook’s changes — not such a big deal. Google, mobile and government data gathering — pretty big deal.\u003c/p>\n\u003cp>According to Sydell, Facebook’s motivation for the change is not to provide profits to shareholders at the expense of users’ privacy.\u003c/p>\n\u003cp>“There are changes sometimes that a business needs to make for practical reasons,” said Sydell.\u003c/p>\n\u003cp>Those practical reasons include wanting to share servers between Instagram and Facebook, improving a less-than-ideal mail service and ending a user voting system that Facebook has outgrown.\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But just because the changes aren’t part of a profiteering scheme doesn’t mean that anyone should expect privacy on Facebook, or any social network, for that matter.\u003c/p>\n\u003cp>“If you live in this connected world, you are going to have your privacy violated,” said Swisher.\u003c/p>\n\u003cp>But as our guests and callers pointed out, there’s having your privacy violated, and then there’s having your privacy violated. Here are some of the trends and entities that our guests are concerned about:\u003c/p>\n\u003cp>\u003cstrong>1. Google\u003c/strong>\u003cbr>\n“I happen to be married to a Google person and I’m frightened of them,” said Swisher. “The kind of data that they have on people is vast. I’ve gotten into arguments with Google executives over this many times. One of their arguments is ‘We understand. We’re good people.’ And I keep saying ‘Who runs Google in 10 years? Who gets this power?’ I think all of the [companies] collectively are a problem in that regard but [Google] definitely has more information than anybody else.”\u003c/p>\n\u003cp>\u003cstrong>2. Government\u003c/strong>\u003cbr>\n“You’re sharing your information with these companies and you kind of know that they’re going to use it to give you ads,” said Sydell. “And maybe you’re not really worried about that. The bigger problem might be that these companies are compiling this information and increasingly the government subpoenas the information from these companies.”\u003c/p>\n\u003cp>“It’s going to be irresistible to government, both ours and others, not to go in when they’re looking for a criminal,” warned Sydell.\u003c/p>\n\u003cp>\u003cstrong>3. Mobile\u003c/strong>\u003cbr>\n“Once this [data collecting] becomes mobile, this becomes very important,” said Swisher. “I think it will resonate with consumers who maybe don’t pay as much attention to this as we do. When you search on Google on your desktop and you go from one site to the next, it’s troubling enough that they know exactly where you’re going. But when you search on say an Android phone, and you then go somewhere and do something, or you buy something, or you post a picture, they know not just what you search next but they know what you did next, where you go next, they know what you said next, they know who you called next. That becomes a really problematic issue of true tracking. Mobile takes this into a quantum level of interest to consumers.”\u003c/p>\n\u003cp>\u003cstrong>4. Third Party App Developers\u003c/strong>\u003cbr>\n“One of things that most Facebook users don’t know is that when you install an app, basically your whole social graph — which is your friends, and your likes, and your public information, everything else goes to the app developer,” said Rotenberg. “Now, again, if people want to do that, that’s their choice and that’s fine, but they should understand just how much information flows as a consequence of installing an app or using one of the Facebook-enabled Internet website partners.”\u003c/p>\n\u003cp>\u003cstrong>5. Each Other\u003c/strong>\u003cbr>\n\u003cstrong>\u003c/strong>“Data is so intermingled with other people’s data,” said Swisher. “If Michael wants to pull down his information and he’s done a lot of interaction with me, is it my data or his data?”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“The way it’s supposed to work is that when you delete your information on Facebook it gets deleted, if you want it gone for good,” said Swisher. “That said — what’s that famous line from the Facebook movie — ‘The Internet is written in pen, not pencil.’ You don’t know what’s been moved around by other people, what people have grabbed. I don’t know how to compare it, it’s almost like a viral disease.”\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Facebook user-agreement changes and the accompanying uproar about privacy are beginning to feel as common as, say, an Apple product launch. But how big a threat are these changes?\u003c/p>\n\u003cfigure id=\"attachment_81433\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebook-privacy.jpg\">\u003cimg decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-81433\" title=\"Demonstration Held Against Facebook's Privacy Policies\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebook-privacy-300x197.jpg\" alt=\"\" width=\"300\" height=\"197\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Concerns over privacy led to protests in June, 2010 (Justin Sullivan/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>KQED’s \u003ca href=\"http://www.kqed.org/a/forum/R201211280900\" target=\"_blank\" rel=\"noopener\">Forum\u003c/a> gathered some smart people: \u003ca href=\"http://allthingsd.com/author/kara/\" target=\"_blank\" rel=\"noopener\">All Things D’s\u003c/a> Kara Swisher, \u003ca href=\"http://www.npr.org/people/2101272/laura-sydell\" target=\"_blank\" rel=\"noopener\">NPR’s\u003c/a> Laura Sydell and \u003ca href=\"http://epic.org/epic/staff_and_board.html\" target=\"_blank\" rel=\"noopener\">Electronic Privacy Information Center’s\u003c/a> Mark Rotenberg to gather insight into \u003ca href=\"http://www.foxnews.com/tech/2012/11/27/how-facebook-policy-changes-affect/\" target=\"_blank\" rel=\"noopener\">Facebook’s latest policy changes\u003c/a>. The takeaway: Facebook’s changes — not such a big deal. Google, mobile and government data gathering — pretty big deal.\u003c/p>\n\u003cp>According to Sydell, Facebook’s motivation for the change is not to provide profits to shareholders at the expense of users’ privacy.\u003c/p>\n\u003cp>“There are changes sometimes that a business needs to make for practical reasons,” said Sydell.\u003c/p>\n\u003cp>Those practical reasons include wanting to share servers between Instagram and Facebook, improving a less-than-ideal mail service and ending a user voting system that Facebook has outgrown.\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But just because the changes aren’t part of a profiteering scheme doesn’t mean that anyone should expect privacy on Facebook, or any social network, for that matter.\u003c/p>\n\u003cp>“If you live in this connected world, you are going to have your privacy violated,” said Swisher.\u003c/p>\n\u003cp>But as our guests and callers pointed out, there’s having your privacy violated, and then there’s having your privacy violated. Here are some of the trends and entities that our guests are concerned about:\u003c/p>\n\u003cp>\u003cstrong>1. Google\u003c/strong>\u003cbr>\n“I happen to be married to a Google person and I’m frightened of them,” said Swisher. “The kind of data that they have on people is vast. I’ve gotten into arguments with Google executives over this many times. One of their arguments is ‘We understand. We’re good people.’ And I keep saying ‘Who runs Google in 10 years? Who gets this power?’ I think all of the [companies] collectively are a problem in that regard but [Google] definitely has more information than anybody else.”\u003c/p>\n\u003cp>\u003cstrong>2. Government\u003c/strong>\u003cbr>\n“You’re sharing your information with these companies and you kind of know that they’re going to use it to give you ads,” said Sydell. “And maybe you’re not really worried about that. The bigger problem might be that these companies are compiling this information and increasingly the government subpoenas the information from these companies.”\u003c/p>\n\u003cp>“It’s going to be irresistible to government, both ours and others, not to go in when they’re looking for a criminal,” warned Sydell.\u003c/p>\n\u003cp>\u003cstrong>3. Mobile\u003c/strong>\u003cbr>\n“Once this [data collecting] becomes mobile, this becomes very important,” said Swisher. “I think it will resonate with consumers who maybe don’t pay as much attention to this as we do. When you search on Google on your desktop and you go from one site to the next, it’s troubling enough that they know exactly where you’re going. But when you search on say an Android phone, and you then go somewhere and do something, or you buy something, or you post a picture, they know not just what you search next but they know what you did next, where you go next, they know what you said next, they know who you called next. That becomes a really problematic issue of true tracking. Mobile takes this into a quantum level of interest to consumers.”\u003c/p>\n\u003cp>\u003cstrong>4. Third Party App Developers\u003c/strong>\u003cbr>\n“One of things that most Facebook users don’t know is that when you install an app, basically your whole social graph — which is your friends, and your likes, and your public information, everything else goes to the app developer,” said Rotenberg. “Now, again, if people want to do that, that’s their choice and that’s fine, but they should understand just how much information flows as a consequence of installing an app or using one of the Facebook-enabled Internet website partners.”\u003c/p>\n\u003cp>\u003cstrong>5. Each Other\u003c/strong>\u003cbr>\n\u003cstrong>\u003c/strong>“Data is so intermingled with other people’s data,” said Swisher. “If Michael wants to pull down his information and he’s done a lot of interaction with me, is it my data or his data?”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“The way it’s supposed to work is that when you delete your information on Facebook it gets deleted, if you want it gone for good,” said Swisher. “That said — what’s that famous line from the Facebook movie — ‘The Internet is written in pen, not pencil.’ You don’t know what’s been moved around by other people, what people have grabbed. I don’t know how to compare it, it’s almost like a viral disease.”\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "HP Says Fraud Prompted $5B Overpayment",
"title": "HP Says Fraud Prompted $5B Overpayment",
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"content": "\u003cp>By Peter Svensson\u003c/p>\n\u003cp>NEW YORK (AP) Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.\u003c/p>\n\u003cp>HP CEO Meg Whitman said executives at Autonomy Corporation PLC \"willfully\" boosted the company's figures through various accounting tricks, which convinced HP to pay $9.7 billion for the company in October 2011.\u003c/p>\n\u003cp>Autonomy's former CEO said HP's allegations are false.\u003c/p>\n\u003cp>HP is now taking an $8.8 billion charge to align Autonomy's purchase price with what HP now says is its real value. More than $5 billion of that charge is due to false accounting, HP said.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The revelation is another blow for HP, which is struggling to reinvent itself as PC and printer sales shrink. The company's stock hit a 10-year low in morning trading.\u003c/p>\n\u003cp>Among other things, Autonomy makes search engines that help companies find vital information stored across computer networks. Acquiring it was part of an attempt by HP to strengthen its portfolio of high-value products and services for corporations and government agencies. The deal was approved by Whitman's predecessor, Leo Apotheker, but closed three weeks into Whitman's tenure as chief executive. Whitman was a member of HP's board of directors when Apotheker initiated the Autonomy purchase.\u003c!--more-->\u003c/p>\n\u003cp>Among the tricks used at Autonomy, Whitman said: The company had been booking the sale of computers as software revenue and claiming the cost of making the machines as a marketing expense. Revenue from long-term contracts was booked up front, instead of over time.\u003c/p>\n\u003cp>The allegations are serious, according to accounting experts.\u003c/p>\n\u003cp>\"According to GAAP (generally accepted accounting principles), the overstatement of revenue under any tax code is illegal,\" said Mark Williams, a finance professor at Boston University and a former bank examiner for the Federal Reserve.\u003c/p>\n\u003cp>As a result of its alleged accounting practices, Autonomy appeared to be more profitable than it was and seemed to be growing its core software business faster than was actually the case. The moves were apparently designed to groom the company for an acquisition, Whitman said.\u003c/p>\n\u003cp>Once HP bought the company, Autonomy's reported revenue growth and profit margin quickly declined. Autonomy CEO Mike Lynch continued to run the company as part of HP, but Whitman forced him out on May 23 because it was not living up to expectations.\u003c/p>\n\u003cp>\"Little did I know that there was more than met the eye,\" Whitman said.\u003c/p>\n\u003cp>With Lynch gone, a senior Autonomy executive volunteered information about the alleged accounting irregularities, prompting an internal investigation, Whitman said.\u003c/p>\n\u003cp>The case has been referred to the U.S. Securities and Exchange Commission and the UK's Serious Fraud Office, she said. The company will also try to recoup some of the cash it paid for Autonomy through lawsuits.\u003c/p>\n\u003cp>In a statement to the Financial Times, Lynch said \"The former management team of Autonomy was shocked to see this statement today, and flatly rejects these allegations, which are false.\"\u003c/p>\n\u003cp>\"It took 10 years to build Autonomy's industry-leading technology and it is sad to see how it has been mismanaged since its acquisition by HP,\" he added.\u003c/p>\n\u003cp>On a conference call with Whitman following the earnings report, analyst Ben Reitzes of Barclays Capital asked who will be held responsible internally for the disastrous acquisition.\u003c/p>\n\u003cp>Whitman answered that the two executives who should have been held responsible — Apotheker and strategy chief Shane Robison — are gone. But the deal was also approved by the board of directors.\u003c/p>\n\u003cp>\"Most of the board was here and voted for this deal, and we feel terribly about that,\" Whitman said. \"What I will say is that the board relied on audited financials. Audited by Deloitte — not 'Brand X' accounting firm, but Deloitte. During our very extensive due diligence process, we hired KPMG to audit Deloitte. And neither of them saw what we now see after someone came forward to point us in the right direction.\"\u003c/p>\n\u003cp>Apotheker told The Associated Press on Tuesday that he was \"stunned and disappointed\" to learn of the allegations against Autonomy, and pointed out that they had gone undiscovered by HP's auditors, executives and directors.\u003c/p>\n\u003cp>Deloitte UK said it could not comment on the matter because of client confidentiality rules.\u003c/p>\n\u003cp>It was the second mammoth loss in a row for HP. In the third fiscal quarter, it lost a record $8.86 billion, or $4.49 per share. That was due to a charge for another acquisition — that of Electronic Data Systems, a technology consulting service that it bought for $13 billion in 2009. In that case, HP didn't blame improper accounting, just results that didn't live up to expectations.\u003c/p>\n\u003cp>Excluding the charges in the latest quarter, HP earned $1.16 per share in the latest quarter, just above the average analyst forecast of $1.14 per share, as polled by FactSet.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Technology Writer Barbara Ortutay in New York contributed to this report.\u003c/em>\u003c/p>\n\n",
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"excerpt": "NEW YORK (AP) Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.\r\n\r\nHP CEO Meg Whitman said executives at Autonomy Corporation PLC \"willfully\" boosted the company's figures through various accounting tricks, which convinced HP to pay $9.7 billion for the company in October 2011.",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>By Peter Svensson\u003c/p>\n\u003cp>NEW YORK (AP) Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.\u003c/p>\n\u003cp>HP CEO Meg Whitman said executives at Autonomy Corporation PLC \"willfully\" boosted the company's figures through various accounting tricks, which convinced HP to pay $9.7 billion for the company in October 2011.\u003c/p>\n\u003cp>Autonomy's former CEO said HP's allegations are false.\u003c/p>\n\u003cp>HP is now taking an $8.8 billion charge to align Autonomy's purchase price with what HP now says is its real value. More than $5 billion of that charge is due to false accounting, HP said.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The revelation is another blow for HP, which is struggling to reinvent itself as PC and printer sales shrink. The company's stock hit a 10-year low in morning trading.\u003c/p>\n\u003cp>Among other things, Autonomy makes search engines that help companies find vital information stored across computer networks. Acquiring it was part of an attempt by HP to strengthen its portfolio of high-value products and services for corporations and government agencies. The deal was approved by Whitman's predecessor, Leo Apotheker, but closed three weeks into Whitman's tenure as chief executive. Whitman was a member of HP's board of directors when Apotheker initiated the Autonomy purchase.\u003c!--more-->\u003c/p>\n\u003cp>Among the tricks used at Autonomy, Whitman said: The company had been booking the sale of computers as software revenue and claiming the cost of making the machines as a marketing expense. Revenue from long-term contracts was booked up front, instead of over time.\u003c/p>\n\u003cp>The allegations are serious, according to accounting experts.\u003c/p>\n\u003cp>\"According to GAAP (generally accepted accounting principles), the overstatement of revenue under any tax code is illegal,\" said Mark Williams, a finance professor at Boston University and a former bank examiner for the Federal Reserve.\u003c/p>\n\u003cp>As a result of its alleged accounting practices, Autonomy appeared to be more profitable than it was and seemed to be growing its core software business faster than was actually the case. The moves were apparently designed to groom the company for an acquisition, Whitman said.\u003c/p>\n\u003cp>Once HP bought the company, Autonomy's reported revenue growth and profit margin quickly declined. Autonomy CEO Mike Lynch continued to run the company as part of HP, but Whitman forced him out on May 23 because it was not living up to expectations.\u003c/p>\n\u003cp>\"Little did I know that there was more than met the eye,\" Whitman said.\u003c/p>\n\u003cp>With Lynch gone, a senior Autonomy executive volunteered information about the alleged accounting irregularities, prompting an internal investigation, Whitman said.\u003c/p>\n\u003cp>The case has been referred to the U.S. Securities and Exchange Commission and the UK's Serious Fraud Office, she said. The company will also try to recoup some of the cash it paid for Autonomy through lawsuits.\u003c/p>\n\u003cp>In a statement to the Financial Times, Lynch said \"The former management team of Autonomy was shocked to see this statement today, and flatly rejects these allegations, which are false.\"\u003c/p>\n\u003cp>\"It took 10 years to build Autonomy's industry-leading technology and it is sad to see how it has been mismanaged since its acquisition by HP,\" he added.\u003c/p>\n\u003cp>On a conference call with Whitman following the earnings report, analyst Ben Reitzes of Barclays Capital asked who will be held responsible internally for the disastrous acquisition.\u003c/p>\n\u003cp>Whitman answered that the two executives who should have been held responsible — Apotheker and strategy chief Shane Robison — are gone. But the deal was also approved by the board of directors.\u003c/p>\n\u003cp>\"Most of the board was here and voted for this deal, and we feel terribly about that,\" Whitman said. \"What I will say is that the board relied on audited financials. Audited by Deloitte — not 'Brand X' accounting firm, but Deloitte. During our very extensive due diligence process, we hired KPMG to audit Deloitte. And neither of them saw what we now see after someone came forward to point us in the right direction.\"\u003c/p>\n\u003cp>Apotheker told The Associated Press on Tuesday that he was \"stunned and disappointed\" to learn of the allegations against Autonomy, and pointed out that they had gone undiscovered by HP's auditors, executives and directors.\u003c/p>\n\u003cp>Deloitte UK said it could not comment on the matter because of client confidentiality rules.\u003c/p>\n\u003cp>It was the second mammoth loss in a row for HP. In the third fiscal quarter, it lost a record $8.86 billion, or $4.49 per share. That was due to a charge for another acquisition — that of Electronic Data Systems, a technology consulting service that it bought for $13 billion in 2009. In that case, HP didn't blame improper accounting, just results that didn't live up to expectations.\u003c/p>\n\u003cp>Excluding the charges in the latest quarter, HP earned $1.16 per share in the latest quarter, just above the average analyst forecast of $1.14 per share, as polled by FactSet.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Technology Writer Barbara Ortutay in New York contributed to this report.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"title": "Amazon's New Online Wine Shop: Industry Friend or Foe?",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-79982\" title=\"RedWine\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\">\u003c/a>The world’s largest e-commerce site began its third foray into the world of wine Thursday. Amazon.com says customers can now order online from a list of nearly a thousand wines from around the country.\u003c/p>\n\u003cp>KQED News anchor Stephanie Martin spoke with reporter Cathy Bussewitz, who covers California’s wine country for the \u003ca title=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" href=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" target=\"_blank\" rel=\"noopener\">Santa Rosa Press Democrat\u003c/a>, about the online retailer’s latest move into another formerly offline commodity.\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Amazon tried to do this in 1999 and then again 10 years later, and both efforts were very expensive failures. What went wrong ?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, at the time there were and there still are today a lot of regulatory hurdles for shipping wine directly to consumers. One of the main things that really changed is that about a year ago some of those regulations were relaxed, so a third-party provider like Amazon can now ship direct to consumers, as long as the winery itself remains in charge of the sale. That sort of paved the way for regulators to get back into the scene. \u003c!--more-->\u003cstrong>Stephanie Martin\u003c/strong>: The public relations director at Rodney Strong Vineyards, Robert Larson, really summed up the complicated nature of wine shipping when he said to you, “It’s a whole lot easier to send a gun to another state than it is to send a bottle of wine.” Even with the change that you just talked about, it’s still complicated, isn’t it?\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: It’s absolutely still complicated. And you’ll see, Amazon, even with their launch, is only going to be shipping to 13 states so far. So while this is a big change for the wine industry and for wineries’ ability to reach to states where they might not have much of a brand presence, it’s really the beginning phase.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: What’s the buzz in the North Coast wine region about Amazon’s move into the business?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, I think people are really intrigued by it and excited about what it might mean. And I think it’s also a little early to tell how this is really going to change things. But there’s a few large Sonoma County wineries that are participating in this, and Napa of course. But it’s not obvious that there’s a huge presence of North Coast wineries that are participating at this point, so it’ll be interesting to see how it unravels.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Who do you think is likely to benefit the most?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.pressdemocrat.com/article/20121108/BUSINESS/121109591\">Amazon launches online wine shop\u003c/a> (Santa Rosa Press Democrat)\u003c/aside>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think the perception is that it really depends on how a winery has structured its business. The shipping is going to be quite expensive for them. You’ll see that the customers who buy wine through Amazon.com are going to get good deals on the shipping, but the wineries are having to handle the cost, so they’re picking up the slack in terms of those discounts.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin:\u003c/strong> And who has reason to be concerned?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think some people would say that distributors have reason to be concerned. There’s a three-tier system that wineries have to navigate: they have to typically sell through a distributor and then a wholesaler and then a retailer. Amazon selling wine online sort of cuts out one step of the process, but you know some seem concerned about that, and others feel that it’s not really going to eat away at distributors’ business.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: And ultimately, what’s the benefit to consumers for using Amazon?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: They have an interesting setup on their web site. If you’re looking for Russian River Chardonnay, you can literally go through their web site, choose Sonoma County, choose a region, and search that way. So, they are providing an interesting way of shopping, in which you can really hone in on what you’re looking for.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And, it sounds like the shipping is pretty good, too. So people who want to ship some wine for the holidays to their family, as long as their family lives in one of those 13 states, they’ll maybe have an easier time doing that and pay less for shipping.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-79982\" title=\"RedWine\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\">\u003c/a>The world’s largest e-commerce site began its third foray into the world of wine Thursday. Amazon.com says customers can now order online from a list of nearly a thousand wines from around the country.\u003c/p>\n\u003cp>KQED News anchor Stephanie Martin spoke with reporter Cathy Bussewitz, who covers California’s wine country for the \u003ca title=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" href=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" target=\"_blank\" rel=\"noopener\">Santa Rosa Press Democrat\u003c/a>, about the online retailer’s latest move into another formerly offline commodity.\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Amazon tried to do this in 1999 and then again 10 years later, and both efforts were very expensive failures. What went wrong ?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, at the time there were and there still are today a lot of regulatory hurdles for shipping wine directly to consumers. One of the main things that really changed is that about a year ago some of those regulations were relaxed, so a third-party provider like Amazon can now ship direct to consumers, as long as the winery itself remains in charge of the sale. That sort of paved the way for regulators to get back into the scene. \u003c!--more-->\u003cstrong>Stephanie Martin\u003c/strong>: The public relations director at Rodney Strong Vineyards, Robert Larson, really summed up the complicated nature of wine shipping when he said to you, “It’s a whole lot easier to send a gun to another state than it is to send a bottle of wine.” Even with the change that you just talked about, it’s still complicated, isn’t it?\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: It’s absolutely still complicated. And you’ll see, Amazon, even with their launch, is only going to be shipping to 13 states so far. So while this is a big change for the wine industry and for wineries’ ability to reach to states where they might not have much of a brand presence, it’s really the beginning phase.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: What’s the buzz in the North Coast wine region about Amazon’s move into the business?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, I think people are really intrigued by it and excited about what it might mean. And I think it’s also a little early to tell how this is really going to change things. But there’s a few large Sonoma County wineries that are participating in this, and Napa of course. But it’s not obvious that there’s a huge presence of North Coast wineries that are participating at this point, so it’ll be interesting to see how it unravels.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Who do you think is likely to benefit the most?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.pressdemocrat.com/article/20121108/BUSINESS/121109591\">Amazon launches online wine shop\u003c/a> (Santa Rosa Press Democrat)\u003c/aside>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think the perception is that it really depends on how a winery has structured its business. The shipping is going to be quite expensive for them. You’ll see that the customers who buy wine through Amazon.com are going to get good deals on the shipping, but the wineries are having to handle the cost, so they’re picking up the slack in terms of those discounts.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin:\u003c/strong> And who has reason to be concerned?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think some people would say that distributors have reason to be concerned. There’s a three-tier system that wineries have to navigate: they have to typically sell through a distributor and then a wholesaler and then a retailer. Amazon selling wine online sort of cuts out one step of the process, but you know some seem concerned about that, and others feel that it’s not really going to eat away at distributors’ business.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: And ultimately, what’s the benefit to consumers for using Amazon?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: They have an interesting setup on their web site. If you’re looking for Russian River Chardonnay, you can literally go through their web site, choose Sonoma County, choose a region, and search that way. So, they are providing an interesting way of shopping, in which you can really hone in on what you’re looking for.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And, it sounds like the shipping is pretty good, too. So people who want to ship some wine for the holidays to their family, as long as their family lives in one of those 13 states, they’ll maybe have an easier time doing that and pay less for shipping.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://www.baycitizen.org/technology/story/atherton-gets-cash-facebook-over-traffic/\" target=\"_blank\">The Bay Citizen\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula.\u003c/p>\n\u003cfigure id=\"attachment_79904\" class=\"wp-caption alignleft\" style=\"max-width: 235px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\">\u003cimg class=\"size-full wp-image-79904\" title=\"facebookHQ\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\" alt=\"\" width=\"235\" height=\"230\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Facebook's new headquarters are pictured in Menlo Park on Tuesday, Aug. 2, 2011 (Noah Berger/The Bay Citizen)\u003c/figcaption>\u003c/figure>\n\u003cp>The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased traffic.\u003c/p>\n\u003cp>Now the question for the town of 7,000 people is what to do with the cash.\u003c/p>\n\u003cp>“We’re not in a big hurry to spend the money,” said Atherton Mayor Bill Widmer. “We have a number of issues we’re looking at.”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The payment is the smallest Facebook has made to appease its new hometown and neighboring communities.\u003c/p>\n\u003cp>East Palo Alto, one of the poorest cities in the region, received $650,000 from Facebook to compensate for increased congestion on its streets. \u003c!--more-->Menlo Park, meanwhile, received $1.1 million to finance street improvements and other projects to handle the thousands of employees working at the new location. \u003c/p>\n\u003cp>Facebook also will pay Menlo Park at least $8.5 million over the next 10 years to offset the loss of local sales taxes formerly generated by Sun Microsystems, the computer software company that used to occupy the space Facebook now calls home. Menlo Park does not levy a sales tax on online advertisements, a major source of revenue for Facebook. \u003c!--more-->\u003c/p>\n\u003cp>Facebook, which moved from its Palo Alto location last year, employs roughly 2,500 people in Menlo Park. In coming years, it hopes to have 9,400 employees at the new site and a planned campus nearby. The company expects to break ground on the new facility next year and complete it by 2015.\u003c/p>\n\u003cp>After Atherton initially opposed Facebook’s move, the two \u003ca href=\"https://www.documentcloud.org/documents/509332-atherton-facebook-agreement.html\">reached an agreement in early July\u003c/a>; the deal prohibits the town from filing a lawsuit against the company over the project.\u003c/p>\n\u003cp>Atherton, tucked between Menlo Park and Redwood City, is known for its tree-lined streets and secluded mansions. Per-capita income is $107,000 a year, according to the latest Census data, nearly four times the state average. There are few sidewalks or bicycle lanes, giving the city a more rural vibe than its Silicon Valley neighbors to the south.\u003c/p>\n\u003cp>The town’s annual budget is a little more than $10 million, with more than half going to public safety, Widmer said. Among the services the city provides are vacation home checks by police officers.\u003c/p>\n\u003cp>The idea behind the one-time payment was to compensate the town for increased traffic at the intersection of Marsh and Middlefield roads, about 5 miles from Facebook’s new campus.\u003c/p>\n\u003cp>The T-shaped intersection, which has one lane in each direction, is likely to become a main thoroughfare for cars traveling to Facebook. One possible solution is to remove a roadside drainage channel and add an extra turn lane.\u003c/p>\n\u003cp>In addition to the one-time payment of $350,000, Facebook agreed to provide Atherton up to $15,000 of consulting work for transportation initiatives, including improvements to bicycle lanes around the town. Last month, Atherton took the first step in developing a bicycle-pedestrian master plan.\u003c/p>\n\u003cp>So far, the $350,000 remains untouched in the town’s general fund.\u003c/p>\n\u003cp>“There are no restrictions as to how it can be spent,” said Widmer, who was quick to add that it is up to the Atherton City Council to decide how to allocate the money. “The intention was that we would more or less earmark that money so it’s used for traffic-related activity.”\u003c/p>\n\u003cdiv id=\"DV-viewer-509347-atherton-facebook-agreement\" class=\"DV-container\">\u003c/div>\n\u003cp>\u003cscript src=\"//s3.amazonaws.com/s3.documentcloud.org/viewer/loader.js\">\u003c/script>\u003cbr>\n\u003cscript>\n DV.load(\"//www.documentcloud.org/documents/509347-atherton-facebook-agreement.js\", {\n width: 550,\n height: 600,\n sidebar: false,\n pdf: false,\n container: \"#DV-viewer-509347-atherton-facebook-agreement\"\n });\n\u003c/script>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n",
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"description": "By Matt Drange, The Bay Citizen Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula. The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://www.baycitizen.org/technology/story/atherton-gets-cash-facebook-over-traffic/\" target=\"_blank\">The Bay Citizen\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula.\u003c/p>\n\u003cfigure id=\"attachment_79904\" class=\"wp-caption alignleft\" style=\"max-width: 235px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\">\u003cimg class=\"size-full wp-image-79904\" title=\"facebookHQ\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\" alt=\"\" width=\"235\" height=\"230\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Facebook's new headquarters are pictured in Menlo Park on Tuesday, Aug. 2, 2011 (Noah Berger/The Bay Citizen)\u003c/figcaption>\u003c/figure>\n\u003cp>The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased traffic.\u003c/p>\n\u003cp>Now the question for the town of 7,000 people is what to do with the cash.\u003c/p>\n\u003cp>“We’re not in a big hurry to spend the money,” said Atherton Mayor Bill Widmer. “We have a number of issues we’re looking at.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The payment is the smallest Facebook has made to appease its new hometown and neighboring communities.\u003c/p>\n\u003cp>East Palo Alto, one of the poorest cities in the region, received $650,000 from Facebook to compensate for increased congestion on its streets. \u003c!--more-->Menlo Park, meanwhile, received $1.1 million to finance street improvements and other projects to handle the thousands of employees working at the new location. \u003c/p>\n\u003cp>Facebook also will pay Menlo Park at least $8.5 million over the next 10 years to offset the loss of local sales taxes formerly generated by Sun Microsystems, the computer software company that used to occupy the space Facebook now calls home. Menlo Park does not levy a sales tax on online advertisements, a major source of revenue for Facebook. \u003c!--more-->\u003c/p>\n\u003cp>Facebook, which moved from its Palo Alto location last year, employs roughly 2,500 people in Menlo Park. In coming years, it hopes to have 9,400 employees at the new site and a planned campus nearby. The company expects to break ground on the new facility next year and complete it by 2015.\u003c/p>\n\u003cp>After Atherton initially opposed Facebook’s move, the two \u003ca href=\"https://www.documentcloud.org/documents/509332-atherton-facebook-agreement.html\">reached an agreement in early July\u003c/a>; the deal prohibits the town from filing a lawsuit against the company over the project.\u003c/p>\n\u003cp>Atherton, tucked between Menlo Park and Redwood City, is known for its tree-lined streets and secluded mansions. Per-capita income is $107,000 a year, according to the latest Census data, nearly four times the state average. There are few sidewalks or bicycle lanes, giving the city a more rural vibe than its Silicon Valley neighbors to the south.\u003c/p>\n\u003cp>The town’s annual budget is a little more than $10 million, with more than half going to public safety, Widmer said. Among the services the city provides are vacation home checks by police officers.\u003c/p>\n\u003cp>The idea behind the one-time payment was to compensate the town for increased traffic at the intersection of Marsh and Middlefield roads, about 5 miles from Facebook’s new campus.\u003c/p>\n\u003cp>The T-shaped intersection, which has one lane in each direction, is likely to become a main thoroughfare for cars traveling to Facebook. One possible solution is to remove a roadside drainage channel and add an extra turn lane.\u003c/p>\n\u003cp>In addition to the one-time payment of $350,000, Facebook agreed to provide Atherton up to $15,000 of consulting work for transportation initiatives, including improvements to bicycle lanes around the town. Last month, Atherton took the first step in developing a bicycle-pedestrian master plan.\u003c/p>\n\u003cp>So far, the $350,000 remains untouched in the town’s general fund.\u003c/p>\n\u003cp>“There are no restrictions as to how it can be spent,” said Widmer, who was quick to add that it is up to the Atherton City Council to decide how to allocate the money. “The intention was that we would more or less earmark that money so it’s used for traffic-related activity.”\u003c/p>\n\u003cdiv id=\"DV-viewer-509347-atherton-facebook-agreement\" class=\"DV-container\">\u003c/div>\n\u003cp>\u003cscript src=\"//s3.amazonaws.com/s3.documentcloud.org/viewer/loader.js\">\u003c/script>\u003cbr>\n\u003cscript>\n DV.load(\"//www.documentcloud.org/documents/509347-atherton-facebook-agreement.js\", {\n width: 550,\n height: 600,\n sidebar: false,\n pdf: false,\n container: \"#DV-viewer-509347-atherton-facebook-agreement\"\n });\n\u003c/script>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Big Facebook Bear Still Not Impressed",
"title": "Big Facebook Bear Still Not Impressed",
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"content": "\u003cp>Facebook has gotten some good news lately, but not enough to shake the convictions of one guy we've been talking to about the stock throughout the long post-IPO deal.\u003c/p>\n\u003cfigure id=\"attachment_79140\" class=\"wp-caption alignleft\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1.jpg\">\u003cimg class=\"size-large wp-image-79140\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1-1024x681.jpg\" alt=\"\" width=\"640\" height=\"425\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages) \u003ccite>( Ted Aljibe/AFP-Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>As CEO of the stock analysis company PrivCo, Sam Hamadeh has been throwing cold water in the faces of Facebook investors since before the company went public.\u003c/p>\n\u003cp>His company specializes in initial public offerings, and he said a lot was wrong with this one. He even gave us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons not to buy the stock\u003c/a> during the height of the IPO hype Later, he told us analysts involved with IPOs are typically under pressure to \u003ca href=\"http://ww2.kqed.org/news/2012/06/29/how-serious-should-you-take-analyst-ratings-on-stocks-not-so-much-says-this-guy/\">tout the stock\u003c/a>.\u003c/p>\n\u003cp>But more important, he said, the numbers just didn't add up. And in the months after Facebook went public on May 18, he has appeared to be right.\u003c/p>\n\u003cp>Facebook started with a price of $38 per share, only to watch that number dip down to the teens.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But on Oct. 23 the company \u003ca href=\"http://ww2.kqed.org/news/2012/07/26/facebook-earnings-beat-estimates/\">beat analysts' expectations\u003c/a>, and the price jumped from $19.50 to $24.01 overnight. So we had to wonder: Impressed yet, Hamadeh?\u003c/p>\n\u003cp>\"I think it's not as good as it seems,\" he told me, pointing out that the stock has slid since then down to $22.10 on Friday.\u003c/p>\n\u003cp>And it should be lower still, he said. One way of analyzing a stock's value is to look at its price to earnings ratio. That's the market price of a share divided by the annual earnings per share. \u003c!--more-->\u003c/p>\n\u003cp>\"The price to earnings ratio should be the same as its annual growth rate,\" he said. Normally the growth rate would be calculated based on earnings, but Facebook hasn't turned a profit, so Hamadeh is using its revenues as a substitute. And those revenues have been increasing at an annual rate of 34%.\u003c/p>\n\u003cp>But Facebook's price-to-earnings ratio was 232.58 when the market closed on Friday -- almost seven times its growth rate.\u003c/p>\n\u003cp>In addition, Hamadeh noted, the company's revenues overall may have gone up, but its \u003ca href=\"http://allthingsd.com/20121023/feeling-zyngas-pain-facebooks-payments-biz-takes-a-dive/\">payments business actually shrank\u003c/a> in the fourth quarter. That's the revenue from partners like Zynga. \"That's supposed to be an important business line for them,\" said Hamadeh.\u003c/p>\n\u003cp>And, he pointed out, more stock will come available in November. Insiders, such as company executives, were forbidden from selling their shares until six months after the IPO. Now these shares may come onto the market, depressing prices.\u003c/p>\n\u003cp>The bottom line is that Facebook's stock is still overpriced, said Hamadeh, mostly because many small investors have been dazzled by the excitement around the company.\u003c/p>\n\u003cp>\"If it was any other company or you blocked out the name, you would get [a stock price] in the teens,\" he said. \"And eventually the smart money will value it appropriately.\"\u003c/p>\n\u003cp>But not yet, apparently. The \u003ca href=\"http://finance.yahoo.com/q/ao?s=FB+Analyst+Opinion\">mean analyst price target\u003c/a> on Yahoo! Finance for Facebook is $28.37.\u003c/p>\n\u003cp>We'll see...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.kqed.org/lowdown/2012/03/06/why-facebooks-ipo-will-bring-in-some-serious-cash-and-whos-going-to-get-rich/\">Read an explanation of Facebook's IPO process.\u003c/a>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Facebook has gotten some good news lately, but not enough to shake the convictions of one guy we've been talking to about the stock throughout the long post-IPO deal.\u003c/p>\n\u003cfigure id=\"attachment_79140\" class=\"wp-caption alignleft\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1.jpg\">\u003cimg class=\"size-large wp-image-79140\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1-1024x681.jpg\" alt=\"\" width=\"640\" height=\"425\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages) \u003ccite>( Ted Aljibe/AFP-Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>As CEO of the stock analysis company PrivCo, Sam Hamadeh has been throwing cold water in the faces of Facebook investors since before the company went public.\u003c/p>\n\u003cp>His company specializes in initial public offerings, and he said a lot was wrong with this one. He even gave us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons not to buy the stock\u003c/a> during the height of the IPO hype Later, he told us analysts involved with IPOs are typically under pressure to \u003ca href=\"http://ww2.kqed.org/news/2012/06/29/how-serious-should-you-take-analyst-ratings-on-stocks-not-so-much-says-this-guy/\">tout the stock\u003c/a>.\u003c/p>\n\u003cp>But more important, he said, the numbers just didn't add up. And in the months after Facebook went public on May 18, he has appeared to be right.\u003c/p>\n\u003cp>Facebook started with a price of $38 per share, only to watch that number dip down to the teens.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But on Oct. 23 the company \u003ca href=\"http://ww2.kqed.org/news/2012/07/26/facebook-earnings-beat-estimates/\">beat analysts' expectations\u003c/a>, and the price jumped from $19.50 to $24.01 overnight. So we had to wonder: Impressed yet, Hamadeh?\u003c/p>\n\u003cp>\"I think it's not as good as it seems,\" he told me, pointing out that the stock has slid since then down to $22.10 on Friday.\u003c/p>\n\u003cp>And it should be lower still, he said. One way of analyzing a stock's value is to look at its price to earnings ratio. That's the market price of a share divided by the annual earnings per share. \u003c!--more-->\u003c/p>\n\u003cp>\"The price to earnings ratio should be the same as its annual growth rate,\" he said. Normally the growth rate would be calculated based on earnings, but Facebook hasn't turned a profit, so Hamadeh is using its revenues as a substitute. And those revenues have been increasing at an annual rate of 34%.\u003c/p>\n\u003cp>But Facebook's price-to-earnings ratio was 232.58 when the market closed on Friday -- almost seven times its growth rate.\u003c/p>\n\u003cp>In addition, Hamadeh noted, the company's revenues overall may have gone up, but its \u003ca href=\"http://allthingsd.com/20121023/feeling-zyngas-pain-facebooks-payments-biz-takes-a-dive/\">payments business actually shrank\u003c/a> in the fourth quarter. That's the revenue from partners like Zynga. \"That's supposed to be an important business line for them,\" said Hamadeh.\u003c/p>\n\u003cp>And, he pointed out, more stock will come available in November. Insiders, such as company executives, were forbidden from selling their shares until six months after the IPO. Now these shares may come onto the market, depressing prices.\u003c/p>\n\u003cp>The bottom line is that Facebook's stock is still overpriced, said Hamadeh, mostly because many small investors have been dazzled by the excitement around the company.\u003c/p>\n\u003cp>\"If it was any other company or you blocked out the name, you would get [a stock price] in the teens,\" he said. \"And eventually the smart money will value it appropriately.\"\u003c/p>\n\u003cp>But not yet, apparently. The \u003ca href=\"http://finance.yahoo.com/q/ao?s=FB+Analyst+Opinion\">mean analyst price target\u003c/a> on Yahoo! Finance for Facebook is $28.37.\u003c/p>\n\u003cp>We'll see...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.kqed.org/lowdown/2012/03/06/why-facebooks-ipo-will-bring-in-some-serious-cash-and-whos-going-to-get-rich/\">Read an explanation of Facebook's IPO process.\u003c/a>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Investors may listen with concern today when Apple Computer reports its fourth quarter earnings at 2 p.m. today.\u003c/p>\n\u003cp>Although up for the year, the company's\u003ca href=\"https://www.google.com/finance?client=ob&q=NASDAQ:AAPL\"> stock has been falling \u003c/a>since mid September, and some analysts think that will continue. Some even worry that Apple, which is the largest publicly traded company in the world by market capitalization, could drag the whole stock market down.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://events.apple.com.edgesuite.net/12epjwgpjviociytiy10/event/index.html\">Listen to the earnings call\u003c/a>.\u003c/li>\n\u003cli>\u003ca href=\"http://live.cnet.com/Event/Apple_third-quarter_earnings_call_live_blog?Page=0\">Follow CNET's live coverage\u003c/a>.\u003ca href=\"http://www.macworld.com/article/2013103/live-blog-apple-fourth-quarter-earnings-conference-call.html\">\u003cbr>\nFollow Macworld's live coverage.\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.thestreet.com/story/11748335/1/apple-earnings-live-blog.html?cm_ven=GOOGLEN\">Follow The Street's live coverage.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Here's a \u003ca href=\"http://www.reuters.com/article/2012/10/24/us-apple-earnings-technicals-idUSBRE89N1J920121024\">report from Reuters\u003c/a> writer Rodrigo Campos:\u003c/p>\n\u003cblockquote>\u003cp>Apple Inc seems to still be the drug of choice for consumers of all stripes looking for sleek gadgetry. But traders are starting to doubt the hype, and the stock's technicals are painting a bleak picture ahead of Apple's earnings due Thursday.\u003c/p>\u003c/blockquote>\n\u003cp>And here's a\u003ca href=\"http://news.cnet.com/8301-13579_3-57477954-37/apple-earnings-ipad-boom-likely-iphone-hmmm/\"> CNET report\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>Savvy consumers, who have gotten wise to Apple's annual product upgrade and are expecting a new model this fall, may have held back on purchasing an iPhone during the quarter. That happened in the quarter that followed Apple's typical iPhone launch period last year with the belated \u003ca href=\"http://www.cnet.com/iphone-4s/\">iPhone 4S\u003c/a>, which led to \u003ca title=\"Despite strength, Apple earnings miss the mark -- Tuesday, Oct 18, 2011\" href=\"http://news.cnet.com/8301-27076_3-20122163-248/despite-strength-apple-earnings-miss-the-mark/\">Apple missing Wall Street's estimates\u003c/a>. In a research note last week, Toni Sacconaghi, of Bernstein Research, suggested that the very same thing could happen once again, but that sales of the device may not be the only thing to blame.\u003c/p>\n\u003cfigure id=\"attachment_79001\" class=\"wp-caption alignright\" style=\"max-width: 210px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg1.jpg\">\u003cimg class=\"size-large wp-image-79001 \" title=\"ipag mini as jpeg\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg1-892x1024.jpg\" alt=\"\" width=\"210\" height=\"240\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Apple launched a smaller version of its popular iPad on Tuesday. (Apple Computer)\u003c/figcaption>\u003c/figure>\n\u003cp>\"We see a reasonable probability that Apple will miss consensus revenue expectations due to macro-economic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new \u003ca href=\"http://www.cnet.com/apple-mac.html\">Mac\u003c/a> notebooks,\" Sacconaghi wrote. All that could lead up to earnings of $10.24 on revenue of $35.5 billion, he added.\u003c/p>\u003c/blockquote>\n\u003cp> \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Investors may listen with concern today when Apple Computer reports its fourth quarter earnings at 2 p.m. today.\u003c/p>\n\u003cp>Although up for the year, the company's\u003ca href=\"https://www.google.com/finance?client=ob&q=NASDAQ:AAPL\"> stock has been falling \u003c/a>since mid September, and some analysts think that will continue. Some even worry that Apple, which is the largest publicly traded company in the world by market capitalization, could drag the whole stock market down.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://events.apple.com.edgesuite.net/12epjwgpjviociytiy10/event/index.html\">Listen to the earnings call\u003c/a>.\u003c/li>\n\u003cli>\u003ca href=\"http://live.cnet.com/Event/Apple_third-quarter_earnings_call_live_blog?Page=0\">Follow CNET's live coverage\u003c/a>.\u003ca href=\"http://www.macworld.com/article/2013103/live-blog-apple-fourth-quarter-earnings-conference-call.html\">\u003cbr>\nFollow Macworld's live coverage.\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.thestreet.com/story/11748335/1/apple-earnings-live-blog.html?cm_ven=GOOGLEN\">Follow The Street's live coverage.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Here's a \u003ca href=\"http://www.reuters.com/article/2012/10/24/us-apple-earnings-technicals-idUSBRE89N1J920121024\">report from Reuters\u003c/a> writer Rodrigo Campos:\u003c/p>\n\u003cblockquote>\u003cp>Apple Inc seems to still be the drug of choice for consumers of all stripes looking for sleek gadgetry. But traders are starting to doubt the hype, and the stock's technicals are painting a bleak picture ahead of Apple's earnings due Thursday.\u003c/p>\u003c/blockquote>\n\u003cp>And here's a\u003ca href=\"http://news.cnet.com/8301-13579_3-57477954-37/apple-earnings-ipad-boom-likely-iphone-hmmm/\"> CNET report\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>Savvy consumers, who have gotten wise to Apple's annual product upgrade and are expecting a new model this fall, may have held back on purchasing an iPhone during the quarter. That happened in the quarter that followed Apple's typical iPhone launch period last year with the belated \u003ca href=\"http://www.cnet.com/iphone-4s/\">iPhone 4S\u003c/a>, which led to \u003ca title=\"Despite strength, Apple earnings miss the mark -- Tuesday, Oct 18, 2011\" href=\"http://news.cnet.com/8301-27076_3-20122163-248/despite-strength-apple-earnings-miss-the-mark/\">Apple missing Wall Street's estimates\u003c/a>. In a research note last week, Toni Sacconaghi, of Bernstein Research, suggested that the very same thing could happen once again, but that sales of the device may not be the only thing to blame.\u003c/p>\n\u003cfigure id=\"attachment_79001\" class=\"wp-caption alignright\" style=\"max-width: 210px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg1.jpg\">\u003cimg class=\"size-large wp-image-79001 \" title=\"ipag mini as jpeg\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg1-892x1024.jpg\" alt=\"\" width=\"210\" height=\"240\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Apple launched a smaller version of its popular iPad on Tuesday. (Apple Computer)\u003c/figcaption>\u003c/figure>\n\u003cp>\"We see a reasonable probability that Apple will miss consensus revenue expectations due to macro-economic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new \u003ca href=\"http://www.cnet.com/apple-mac.html\">Mac\u003c/a> notebooks,\" Sacconaghi wrote. All that could lead up to earnings of $10.24 on revenue of $35.5 billion, he added.\u003c/p>\u003c/blockquote>\n\u003cp> \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cfigure id=\"attachment_78839\" class=\"wp-caption alignleft\" style=\"max-width: 303px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook.jpg\">\u003cimg class=\"size-large wp-image-78839\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook-1024x681.jpg\" alt=\"\" width=\"303\" height=\"201\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages)\u003c/figcaption>\u003c/figure>\n\u003cp>NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations.\u003c/p>\n\u003cp>The world's biggest social media company posted a loss of $59 million, or 2 cents per share, in the July-September period. That's down from earnings of $227 million, or 10 cents per share a year ago, when Facebook was still privately held.\u003c/p>\n\u003cp>Excluding special items, mainly related stock compensation expenses, Facebook earned $311 million, or 12 cents per share, in the latest quarter.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.marketwatch.com/story/zynga-confirms-layoffs-cost-reductions-2012-10-23\">Read why Zynga is laying off 5 percent of its workforce\u003c/a>.\n\u003cp>\u003ca href=\"http://investor.fb.com/results.cfm\">Listen to the Facebook earnings call, or read its media release.\u003c/a>\u003c/p>\u003c/aside>\n\u003cp>Revenue rose 32 percent to $1.26 billion from $954 million.\u003c/p>\n\u003cp>Analysts had expected earnings of 11 cents per share on revenue of $1.23 billion, according to FactSet.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Menlo Park, Calif.-based Facebook's stock is up 90 cents, or 4.6 percent, to $20.40 in after-hours trading.\u003c/p>\n\n",
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"content": "\u003cp>by Michael Liedtke and Peter Svensson, AP Technology Writers\u003c/p>\n\u003cp>SAN JOSE, Calif. (AP) — Apple Inc. on Tuesday revealed a smaller version of its hit iPad tablet computer that will start at $329 and comes with a screen that's about two-thirds the size of the full-size model.\u003c/p>\n\u003cfigure id=\"attachment_78828\" class=\"wp-caption alignleft\" style=\"max-width: 311px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg.jpg\">\u003cimg class=\"size-large wp-image-78828\" title=\"ipag mini as jpeg\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg-892x1024.jpg\" alt=\"\" width=\"311\" height=\"356\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The new iPad Mini can be held in one hand. (Apple)\u003c/figcaption>\u003c/figure>\n\u003cp>Apple starts taking orders for the new model on Friday Oct. 26 and will ship the Wi-Fi-only models on Nov. 2, said marketing chief Phil Schiller at an event in San Jose, Calif. Later, the company will add models capable of accessing \"LTE\" wireless data networks.\u003c/p>\n\u003cp>The iPad mini weighs 0.68 pounds, half as much as the full-size iPad, and is as thin as a pencil, Schiller said.\u003c/p>\n\u003cp>The screen resolution is 1024 by 768 pixels, the same as the iPad 2 and a quarter of the resolution of the third-generation iPad.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"It's not just a shrunken down iPad, it's an entirely new design,\" Schiller said.\u003c/p>\n\u003cp>Company watchers have for a year been expecting the company to release a smaller iPad to counter cheaper tablets like Amazon.com Inc.'s Kindle Fire. However, most were expecting it to cost between $250 and $300. At $329, it's twice the price of the basic Kindle Fire.\u003c/p>\n\u003cp>In a surprise, Apple also said it's upgrading its full-size iPad tablet just six months after launching a new model, doubling the speed of the processor. Previously, the company has updated the iPad once a year.\u003c/p>\n\u003cp>The fourth-generation iPad will have a better camera and work on more \"LTE\" wireless data networks around the world. Apple is also replacing the 30-pin dock connector with the new, smaller \"Lightning\" connector introduced with the iPhone 5 a month ago.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The price of the new full-size model stays the same as the previous version, starting at $499 for a Wi-Fi-only version with 16 gigabytes of memory.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>by Michael Liedtke and Peter Svensson, AP Technology Writers\u003c/p>\n\u003cp>SAN JOSE, Calif. (AP) — Apple Inc. on Tuesday revealed a smaller version of its hit iPad tablet computer that will start at $329 and comes with a screen that's about two-thirds the size of the full-size model.\u003c/p>\n\u003cfigure id=\"attachment_78828\" class=\"wp-caption alignleft\" style=\"max-width: 311px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg.jpg\">\u003cimg class=\"size-large wp-image-78828\" title=\"ipag mini as jpeg\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ipag-mini-as-jpeg-892x1024.jpg\" alt=\"\" width=\"311\" height=\"356\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The new iPad Mini can be held in one hand. (Apple)\u003c/figcaption>\u003c/figure>\n\u003cp>Apple starts taking orders for the new model on Friday Oct. 26 and will ship the Wi-Fi-only models on Nov. 2, said marketing chief Phil Schiller at an event in San Jose, Calif. Later, the company will add models capable of accessing \"LTE\" wireless data networks.\u003c/p>\n\u003cp>The iPad mini weighs 0.68 pounds, half as much as the full-size iPad, and is as thin as a pencil, Schiller said.\u003c/p>\n\u003cp>The screen resolution is 1024 by 768 pixels, the same as the iPad 2 and a quarter of the resolution of the third-generation iPad.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Do High-Tech Traffic Tools Work? Caltrans Hopes They'll Ease I-80 Traffic Mess",
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"content": "\u003cfigure id=\"attachment_78686\" class=\"wp-caption alignright\" style=\"max-width: 320px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/80Traffic.jpg\">\u003cimg class=\"size-full wp-image-78686\" title=\"80Traffic\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/80Traffic.jpg\" alt=\"\" width=\"320\" height=\"175\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">A normal midday traffic snarl on westbound I-80 in Emeryville.\u003c/figcaption>\u003c/figure>\n\u003cp>Bay Area drivers have some notoriously bad daily commutes, but if you’re looking for the stretch of freeway with top bragging rights, look no further than the Interstate 80 corridor through Richmond and Berkeley. Caltrans ranks it as the worst traffic in the Bay Area.\u003c/p>\n\u003cp>Now, Caltrans and regional transportation groups are kicking off an $80 million dollar project to improve that stat – not through new freeways lanes but through technology.\u003c/p>\n\u003cp>Weekday or weekend, the traffic is almost constant between the Carquinez Bride and Bay Bridge – as I found when I tried to get to the midday press conference about that very subject on Friday.\u003c!--more-->\u003c/p>\n\u003cp>The coincidence wasn’t lost on Bijan Sartipi, director of Caltrans District 4. “There are 290,000 cars that travel through this corridor every single day. And every single what you see behind me does occur, which is congestion,” he says.\u003c/p>\n\u003cp>The numbers don’t lie – add up all the time lost by each car and it’s more than 7,500 hours of delay each day, not to mention the added air pollution. But with San Francisco Bay on one side and buildings on the other, there’s no room to widen the road.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“We can’t just keep building ourselves out of congestion. We have to better manage the traffic,” says Sartipi.\u003c/p>\n\u003cp>So, Caltrans is going high-tech.\u003c/p>\n\u003cp>\u003cstrong>Project number one\u003c/strong>: Install advanced metering lights at the on-ramps which space out the cars entering the freeway and give special preference to buses.\u003c/p>\n\u003cp>\u003cstrong>Project number two\u003c/strong>: Banks of signs over each lane of traffic displaying real-time information. “So what the drivers will see is actually more information about the lane that they’re driving in. If a lane is closed, you will see a red X mark in that lane.” That will move cars out of lanes with accidents. The signs will also have changing speed limits, so cars slow down more gradually to improve traffic flow.\u003c/p>\n\u003cp>\u003cstrong>Project number three\u003c/strong>: Traffic signal coordination with the main parallel route, San Pablo Avenue, so street traffic doesn’t back up there. All the systems will go through a main Caltrans information center.\u003c/p>\n\u003cp>\u003cstrong>Check out this video for more about how it will work:\u003c/strong>\u003cbr>\n\u003ciframe src=\"http://player.vimeo.com/video/25423461?title=0&byline=0&portrait=0\" frameborder=\"0\" width=\"400\" height=\"300\">\u003c/iframe>\u003c/p>\n\u003cp>Sartipi says when it’s all in place in mid-2015, the project should reduce travel time by 16 percent.\u003c/p>\n\u003cp>Will it really work? “People should be very grateful for these projects, because they’re going to make their life much easier,” says Alex Bayen of the University of California, Berkeley’s Institute for Transportation Studies. These real-time techniques have been proven in other countries, he says, which are actually ahead of the Bay Area in adopting them.\u003c/p>\n\u003cp>Just take the variable speed limits. “Conceptually it’s very easy for people to understand if you have a bunch of people running to certain point, you can see how that’s an unstable system. So if you’re preventing them from running that fast, you can see how you can smooth things out,” he says.\u003c/p>\n\u003cp>Bayen says these tools won’t solve traffic problems long term with the Bay Area’s ever-growing population. There's a mathematical limit on the number of cars a freeway can handle.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>But engineers have more tricks to try before giving in to gridlock: Someday self-driving cars could pick routes more logically than the most rational human.\u003c/p>\n\n",
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"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
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"id": "fresh-air",
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"hidden-brain": {
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"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
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"airtime": "SUN 7:30pm-8pm",
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"hyphenacion": {
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"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
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"jerrybrown": {
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"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
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"order": 18
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},
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"title": "Latino USA",
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"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
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},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
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"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
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"source": "American Public Media"
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"masters-of-scale": {
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"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"rss": "https://rss.art19.com/masters-of-scale"
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},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
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"officialWebsiteLink": "/mindshift/",
"meta": {
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"order": 12
},
"link": "/podcasts/mindshift",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
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"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/onourwatch",
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"order": 11
},
"link": "/podcasts/onourwatch",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
"airtime": "SUN 2pm-3pm, MON 12am-1am",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png",
"officialWebsiteLink": "https://www.wnycstudios.org/shows/otm",
"meta": {
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},
"link": "/radio/program/on-the-media",
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"apple": "https://itunes.apple.com/us/podcast/on-the-media/id73330715?mt=2",
"tuneIn": "https://tunein.com/radio/On-the-Media-p69/",
"rss": "http://feeds.wnyc.org/onthemedia"
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},
"pbs-newshour": {
"id": "pbs-newshour",
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"info": "Analysis, background reports and updates from the PBS NewsHour putting today's news in context.",
"airtime": "MON-FRI 3pm-4pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/PBS-News-Hour-Podcast-Tile-360x360-1.jpg",
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},
"link": "/radio/program/pbs-newshour",
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"apple": "https://itunes.apple.com/us/podcast/pbs-newshour-full-show/id394432287?mt=2",
"tuneIn": "https://tunein.com/radio/PBS-NewsHour---Full-Show-p425698/",
"rss": "https://www.pbs.org/newshour/feeds/rss/podcasts/show"
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},
"perspectives": {
"id": "perspectives",
"title": "Perspectives",
"tagline": "KQED's series of daily listener commentaries since 1991",
"info": "KQED's series of daily listener commentaries since 1991.",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/01/Perspectives_Tile_Final.jpg",
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"officialWebsiteLink": "/perspectives/",
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"order": 14
},
"link": "/perspectives",
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"planet-money": {
"id": "planet-money",
"title": "Planet Money",
"info": "The economy explained. Imagine you could call up a friend and say, Meet me at the bar and tell me what's going on with the economy. Now imagine that's actually a fun evening.",
"airtime": "SUN 3pm-4pm",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/planetmoney.jpg",
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"meta": {
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},
"link": "/radio/program/planet-money",
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"apple": "https://itunes.apple.com/us/podcast/planet-money/id290783428?mt=2",
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},
"politicalbreakdown": {
"id": "politicalbreakdown",
"title": "Political Breakdown",
"tagline": "Politics from a personal perspective",
"info": "Political Breakdown is a new series that explores the political intersection of California and the nation. Each week hosts Scott Shafer and Marisa Lagos are joined with a new special guest to unpack politics -- with personality — and offer an insider’s glimpse at how politics happens.",
"airtime": "THU 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Political-Breakdown-2024-Podcast-Tile-703x703-1.jpg",
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