paidContent - paidContent Quick Hits: 7.29.09

This story was written by Alex Ferreyra.
»  Microsoft (NSDQ: MSFT) is going on a spending “diet” after watching costs balloon and the bottom line sink; it is likely to involve cutting some programs and employees. [Bloomberg]

»  Facebook responds to rumors that ads being run on its Platform ad network can upload user pictures at the advertiser’s discretion. [Inside Facebook]

»  Sam Zell says that the Tribune Company could exit Chapter 11 bankruptcy by the end of the year. [E&P]

»  Thanks to the poor overseas performance of Monsters Vs. Aliens, Dreamworks Animation took a 7% dip in revenues during the second quarter. [LA Times]

»  Twitter’s redesigned home page, which plays up its search function and give more tips to newbies, is now live. [Twitter Blog]

»  About 100 AP staffers are taking voluntary buyouts. [E&P]

By Alex Ferreyra