Yahoo’s Media Flip-Flops Deemed a ‘Head Scratcher’

Los Angeles Times: When Yahoo announced last year that it had lost $42 million reviving NBC’s TV series “Community” and launching two other original shows, the company framed it as a failed experiment. It didn’t work, so Yahoo was cutting its losses. But those in the entertainment industry were scratching their heads: How could the company call it quits without spending more? Yahoo has long struggled with its identity, flip-flopping between its roots as a tech company and its ambitions of becoming a media giant.