Yahoo owes directory publisher $2.7 billion, says Mexican court

30 Nov 2012
Though Yahoo says it will appeal the decision, the 49th Civil Court of the Federal District of Mexico City has entered a non-final judgment of $2.7 billion USD against Yahoo Inc and  Yahoo de Mexico, S.A. de C.V. . The Mexico-based plaintiff, Worldwide Directories S.A. de C.V.  is the Mexican holding company of Ideas Interactivas, S.A. de C.V., Yahoo! Páginas Útiles publisher. Yahoo! Páginas Útile

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Jim Townsend

Jim Townsend, editorial director and a principal of the AIM Group, is a career journalist, consultant and interactive media pioneer with more than 35 years of experience in news management. Townsend joined the AIM Group in 2001 as an analyst and consultant and became a part-owner in 2003. He is based in Houston. He leads a global team of analysts who report media industry trends in North and South America, Europe, India, Asia, Australia and other countries in the Pacific Rim.