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Moto Mobility Braces for Layoffs

Here's a look at what's making news around the cable realm.

  • Motorola Mobility LLC expects to lay off roughly 800 workers -- about 4.2 percent -- before the end of the year, and the effect will be felt at both its Mobile Devices and Home units, reports Multichannel News, citing the company's recently filed 10-Q. Company management approved the layoff plan on Oct. 24, and expects to record a net pre-tax charge of approximately $31 million, including $27 million of severance and $4 million of facility exit costs, in the fourth quarter. (See Moto Ships 4.8M Smartphones Amid Q3 Losses.)

  • Google (Nasdaq: GOOG)'s YouTube Inc. unit confirmed in a blog post that it will soon launch almost 100 streaming video "channels" with original content in genres such as TV, music, news and sports, confirming reports that surfaced earlier in the year. YouTube said channels will start going live in November and will be offered on a wide range of Internet-connected devices, including the revamped Google TV. The current list shows 96 channels under names such as The Red Bull Channel, The Comedy Shaq Network (with Shaquille O'Neal), the RIDE Channel (from Tony Hawk) and WWE Fan Nation. (See Google Crafting YouTube 'Channels' and Google TV's Refresh .)

  • Google will forgo the 2011 holiday selling season to instead wait until 2012 for the launch of new Google TV hardware and pricing, reports PaidContent.

  • Internap Network Services Corp. (Nasdaq: INAP) will tap Concurrent Computer Corp. (Nasdaq: CCUR)'s eFactor software to help it simplify the process of packaging and preparing live and on-demand content in multiple streaming formats, including Adobe Systems Inc. (Nasdaq: ADBE)'s, Apple Inc. (Nasdaq: AAPL)'s and Microsoft Corp. (Nasdaq: MSFT)'s formats. Concurrent sells eFactor to content delivery network (CDN) operators, MSOs and telcos.

  • Perhaps Coinstar Inc. forgot that Netflix Inc. (Nasdaq: NFLX) just got ripped to shreds for raising its rates, but the company that runs the Redbox DVD kiosks will today start charging $1.20 per rental per day, a 20 percent increase, to help cover higher expenses tied to debit card processing and the DVDs themselves. Blu-ray titles and video games will stay at $1.50 and $2 per day, respectively. (See Netflix Loses 810,000 Subs .)

  • Netflix, meanwhile, continues to shore up its streaming business, announcing a license extension for hundreds of library episodes from ABC Studios, Disney Channel and ABC Family, including prior season episodes of series such as Grey's Anatomy and Desperate Housewives, as well as content that will be completely new to Netflix, including all episodes of Alias.

    — Jeff Baumgartner, Site Editor, Light Reading Cable

  • Duh! 12/5/2012 | 4:50:14 PM
    re: Moto Mobility Braces for Layoffs

    Net pre-tax charge of $31M.  Sanjay Jha's severance package is reported by the WSJ to be $35M.  Res ipso loquitir.


    I hope that Google will do better.

    msilbey 12/5/2012 | 4:50:13 PM
    re: Moto Mobility Braces for Layoffs

    Maybe Google will create a Cute Kittens channel and start cleaning up on the TV content app front...


    But seriously, one has to wonder about the value of the original content Google's planning. I've got plenty of Roku channels, but the only one I use on any regular basis is Netflix. Throwing a bunch of niche content at viewers isn't going to solve the Google TV problem. 

    AESerm 12/5/2012 | 4:50:11 PM
    re: Moto Mobility Braces for Layoffs

    That's down from the $62m that WSJ was reporting back in Aug. 'The matter speaks for itself' -- a bit of common law there. A matter of criminal negligence?

    Duh! 12/5/2012 | 4:50:10 PM
    re: Moto Mobility Braces for Layoffs

    Negligence?    Sometimes the scandal lies not in what was done that is illegal, but rather in that what was done is not  illegal.

    Lrmooney 12/5/2012 | 4:50:04 PM
    re: Moto Mobility Braces for Layoffs

    Seems the headline should be google layoffs off another 800

    Jeff Baumgartner 12/5/2012 | 4:50:03 PM
    re: Moto Mobility Braces for Layoffs

    A pre-emptive layoff?  Well, forward-thinking views are allowed here on the message boards.  JB

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