Semel Says Yahoo Needs No Merger

Yahoo CEO Terry Semel spoke at an investment conference in New York today and this article: Yahoo chief sees no need to join media merger frenzy, offers a few quotes from the presentation.

In an era of widespread media consolidation, internet media company Yahoo believes television networks, movie studios and music companies should look to it as a partner rather than a merger candidate, chief executive Terry Semel says.

"I think there's another alternative. I see Yahoo as a perfect partner who could help traditional media," Semel said in response to a question about media consolidation at an investment conference in New York.

Semel said Yahoo will continue to build its advertising network around free content as well as developing revenue from premium services aimed at its 300 million unique users.

Semel also recently spoke at the Harvard Business School. This blog post has the details.