Yahoo! inks content deals with Fox News, Reuters
Meanwhile, Katz exits sports unitYahoo! on Monday confirmed the departure of David Katz, head of sports and programming, while announcing two content-related deals with Fox News and Reuters.
Katz, who came to Yahoo! in mid-2005 after overseeing new-media efforts at CBS, left the company last week, according to a company spokeswoman. He reported to Yahoo! Media Group head Lloyd Braun.
Yahoo! Sports general manager James Pitaro will continue to run day-to-day operations of that group but now will report to Scott Moore, head of news and information. Yahoo! Studios general manager Drew Buckley will continue in his role overseeing that group but will now report to Vince Broady, head of entertainment, games and youth.
"We have great leaders in place who will continue to drive our initiatives in both Sports and Studios," according to a statement released by Yahoo!
Katz's exit preceded the newly announced deal with Fox, which has Fox News serving as Yahoo!'s premiere provider of business news for Yahoo! Finance.
Dubbed "Fox Business Now," the co-branded initiative includes nine original two-minute market reports each weekday, Fox News business segments, investment programming and personal finance content and will be a fixture on the Yahoo! Finance homepage. It also will be accessible through FoxNews.com with other promotions on Yahoo! and on-air at Fox News.
"We have been really emphasizing content partnerships throughout the whole history of Yahoo!'s existence, and the Fox deal just builds on this and our strategy to being an aggregator and provider of a broad variety of news sources and video," Moore said.
Jeremy Steinberg, Fox News vp digital media ad sales and business development, jointly announced the deal with Moore, describing the venture as Fox News' "first true portal deal."
"We're excited because it's going to really drive awareness to our news channel, FoxNews.com and our business properties," Steinberg said.
The Reuters deal, called "You Witness News," will highlight user-generated video and photos. Yahoo! editors will review submissions and package those that are chosen along with other Yahoo! news.
"We thought it was time to take advantage of the technology and create a service that harnesses the power of the millions witnessing breaking news," said Moore, calling it the beginning of what Yahoo! hopes to be a significant service bringing ordinary citizens into the newsmaking and distribution process.
While Moore said details were still being determined with regard to user compensation, he did confirm that users would be paid for their submissions. "We respect the copyrights of the contributors and want to compensate them in that," Moore said.