The erosion of ad dollars earmarked for traditional TV has gone from alarming to dire. Advertisers cut their “upfront” spending on broadcast TV by approximately 5.3%, according to an analysis of the annual sales market by Media Dynamics Inc., a consultancy that tracks ad spending. Spending on cable TV fell even more, with marketers cutting
UK-based healthcare billing software maker Craneware is responding to a cyberattack in which hackers stole a “significant volume” of customer data from its systems, the company said Monday. The company said the hackers appear to have been kicked out of its systems, but its investigation into the breach is ongoing, according to a statement filed
Microsoft has announced that it has cut 4,800 jobs (about 2.1% of its workforce) and Xbox will bear a large portion of its latest layoffs. Amy Coleman, Microsoft’s executive vice president, told employees in a memo that the tech giant needed to focus on areas that can deliver results for customers amid a “rapidly changing