Stories by Kenneth Li

More pink slips at Oxygen

Women's cable-and-online network Oxygen Media is handing out pink slips Thursday to 35 employees in its online division, including the head of online operations and the head of flagship site Oxygen.com.

Barnes & Noble meets expectations

Blaming weak holiday sales, Barnes & Noble (BKS) reported that its fourth-quarter earnings before charges dropped nearly 20 percent to US$1.21 per share, in line with analysts' estimates.

The Dreamcast is over for Sega

To "stop the hemmorhaging" from a money-losing business, Sega says it plans to withdraw from the videogame hardware market in order to focus on developing games for competing game console companies Sony (SNE) and Nintendo, as well as for wireless devices and broadband-connected set-top boxes, says Peter Moore, president of Sega of America.

The Lights Go Down on Pseudo

Pseudo Programs Inc., one of New York's first generation of Internet companies, shuts its doors Monday, a victim of heavy debts and a lack of investor confidence. The closing brings an unceremonious end to the content programming studio that launched in 1994 and was one of the first to fire a salvo at the mainstream media industry.

Sony Game Group Buys Seattle Firm

Nearly a year after it announced the creation of a landmark broadband distribution network, Sony Corp. (SNE) 's PlayStation group has finally taken a small first step.

Liberty Buys into Sony's Online Games

AT&T Corp. subsidiary Liberty Digital Inc. will purchase a 50 percent stake in Sony Corp. Pictures Entertainment's Game Show Network in the hopes of developing interactive TV offerings based on shows such as Wheel of Fortune and Jeopardy!

Kozmo in Talks to Acquire Urbanfetch

Online delivery pioneer Kozmo.com is in discussions to acquire archrival Urbanfetch.com, a sign that instant gratification doesn't guarantee instant success for everyone.

Kozmo Replaces Its CEO

One-hour online delivery service Kozmo.com Inc. plans to announce Wednesday that Joseph Park will give up the title of CEO at the company he founded. He will retain a role as the chairman of Kozmo's board.

Sony May Spin Off PlayStation.com Next Year

Sony Computer Entertainment is considering spinning off the Internet arm of its video-game company, PlayStation.com, in the U.S., Japan and Europe as early as next year, Sony Computer Entertainment CEO Ken Kutaragi told The Standard on Thursday. The motive behind such an undertaking - be it an initial public offering or a tracking stock - remains unclear even to the executives involved, Kutaragi warns.

Conde Nast Site to Appear Fashionably Late

When CondeNet launches its fashion destination Style.com this July, it will - like prissy fashionistas offline - arrive late. Nearly six months after CondeNet, an Internet arm of Advance Publications (owners of Conde Nast) unveiled Vogue.com, it is finally completing its online women's fashion portal. To do so, it had to pay an undisclosed amount to clothing retailer The Limited for the Internet address.

Sony Online Entertainment's President Quits

The president of Sony Online Entertainment (SOE), Lisa Simpson, resigned from her post this afternoon following the consolidation of the online divisions of Sony Corp.'s entertainment units this week, according to a company-wide e-mail obtained by The Standard.

Sega's Got Net

If you play with him online, Sega Corp.'s Sonic the Hedgehog might give it all away. Almost. In a landmark decision by a videogame console company, Sega plans to create a new company.

NBCi Hires a New CEO

NBCi appointed former Federated executive William Lansing to the top post this morning in a none-too-subtle hint about the spinoff's commerce plans. The three-year deal can be seen as a coming home of sorts for the 41-year-old executive, who served as VP of corporate development at General Electric and was one of the few members of GE chief executive Jack Welch's inner circle.

CDnow Scotches Planned Merger

In a stunning about-face, the planned merger between CDnow Inc. and Columbia House Co., which is owned by Sony Corp. and Time Warner Inc., hit the skids today amid a squirrelly stock price and excessive spending.