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Tech Observer

by Megan Barnett
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Feb 05 2009 5:29pm EDT

Last Bytes: News Corp., Wonderwall, About.com, IBM

News Corp. posts a quarterly loss after writing down $8.4 billion in assets. Murdoch has some sobering words on the state of affairs there. [Reuters]

Look out, Perez Hilton. There's a new game in town. Wonderwall, from Microsoft. All celebs all the time. [Businessweek.com]

About.com is eliminating 10 percent of its staff and reducing pay for contributing guides. [Silicon Alley Insider]

IBM got a lot of grief after its latest round of job cuts, so it's coming back with an offer for the canned workers: You can keep working for us if you move abroad to an "exotic locale" and do your job there for local wages. [Ars Technica]

Arthur Rock, a legendary Silicon Valley venture capitalist, appeared on the Bernie Madoff victim list. [Bits Blog]

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