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Yahoo revenue down 13 percent in Q4, CEO says better execution needed

Yahoo’s revenue dropped 13 percent compared to the same period last year, the company reported today. In its quarterly earnings’ announcement Tuesday, Yahoo reported $1,324 million in GAAP revenue for the fourth quarter of 2011, while costs increased by 10 percent. Excluding traffic acquisition costs from Yahoo’s partnership with Microsoft and others, the company brought in $1,169 million — down just three percent compared to last year.

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Google considers financing a deal for Yahoo buyout

Google is the latest company to be connected to a potential buyout of troubled Yahoo Inc. The search giant has talked to at least two equity firms about helping it acquire a chunk of Yahoo, according to a report in the Wall Street Journal, which sites an unnamed source close to the matter.

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Yahoo rebrands its video site as Yahoo Screen, adds 8 original programs

Although Yahoo is in turmoil after the ouster of CEO Carol Bartz, the company is still continuing to release digital products and trying to innovate. The company on Tuesday launched a new video site called Yahoo Screen that it will use to launch eight new original web shows and polish its overall video offerings.