Sounds like she's in a tough spot. You're pretty much forced into a situation of focusing on the good numbers when you're a public company or you'll get beaten up by the shareholders and shorts. So it's difficult to shine sunlight on the bad stuff to disinfect because that's not what public investors want to hear.
Going into search? That's just crazy talk. Google has the space completely wrapped up.
I think Yahoo has some excellent properties like finance.yahoo.com which is amazing and could unlock a deluge of cash with the right biz model. Retail investors visit the site in droves daily. Right now it's an advertising disaster. Prime space taken up by spammy link-baity ads injected into the main center content: "10 most popular fitness models on the planet". And prime spaces on the right taken up by amazon ads. The most targeted ads by etrade, scottrade and ameritrade are the smallest ads on the page with tiny icons on the left. They relaunched yahoo finance in September and sounds like their users hate the new site: https://yahoo.uservoice.com/forums/315477-finance-dd-3
The WSJ article isn't going to make life at Yahoo any easier unfortunately.