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Liberty Lends Sirius $530m, Gets 40 Percent Stake
John Malone's Liberty Media Corp has agreed to lend $530 million to Sirius XM Radio Inc in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent. NEW YORK -- John Malone's Liberty Media Corp has agreed to lend $530 million to Sirius XM ...
Local Radio Reaches Deal on Internet Royalty Rates
Copyright holders announced a deal Monday regarding royalty rates for local radio stations that broadcast their shows on the Internet. The National Association of Broadcasters (NAB) and SoundExchange, which governs the music industry's royalty rates, reached a six-year deal with radio stations running Web channels. Under the agreement, rates for simulcasts or web channels operated by ...
Obama Signs Stimulus Bill, Launches recovery.gov
President Obama signed the American Recovery and Reinvestment Act into law Tuesday, and his team launched a Web site – Recovery.gov – that is intended to track the progress of the stimulus package. “The size and scale of this plan demand unprecedented efforts to root out waste, inefficiency and unnecessary spending," Obama said in a video ...
Stimulus Sets Aside Billions for Broadband, Batteries
Congress released details of a compromise stimulus package Thursday night, a bill that includes $7.2 billion for broadband programs, $2 billion for health information technology, and $650 million for the digital TV transition. The House passed its version of the stimulus bill in late January, and the Senate followed suit earlier this week. Given the discrepancies ...
Sirius XM: May File for Bankruptcy Tuesday
Sirius XM Radio said its XM Satellite has refinanced some of its outstanding debt, but acknowledged it may file for bankruptcy protection as soon as Tuesday. Sirius, the pay-radio provider under pressure to address some $1 billion in debt this year, on Friday said it exchanged $172.5 million aggregate principal amount of senior notes due December ...
YouTube Adds Download Options
Following hot on the heels of other Google properties such as Gmail and Calendar, YouTube today announced plans to offer offline viewing. The site is partnering with content providers to give users downloadable access to hosted videos under a Creative Commons license. Users can download partner videos by clicking the download link in the left-hand corner ...
Keep the 'Net Open to All, Interest Groups Urge Congress
Several Washington-based interest groups called on Congress Wednesday to retain the open-access broadband provisions in the economic stimulus package. “Legislators understand that open access maximizes the economic benefit of publicly funded high speed networks," Markham Erickson, executive director of the Open Internet Coalition (OIC), said during a call with reporters. “Closed networks kill innovation; open networks ...
Twitter to Stay Free, for Now
That's what you get for “thinking out loud." The owners of micro-blogging service Twitter have been doing just that for some time, publicly mulling over ways to monetize their popular free service. Recent out loud speculation caused the blogosphere to explode, suggesting that the site was going to start charging users (companies, specifically) for the service, ...
Internet Companies Vying for Stimulus
companies are looking to cash in as U.S. lawmakers hash out a $900 billion stimulus plan aimed at jump-starting the souring economy. Nearly $10 billion in federal grants and loans and $100 million in tax credits could be spent extending high-speed Internet access to rural areas and poor neighborhoods, a goal outlined by President Barack Obama ...
Here I AM! Google Latitude Map Tool Launches
Need another online method for being tracked? Google today announced the release of Latitude. Built into Google Maps for Mobile and iGoogle, the feature lets users share their locations. The opt in feature offers up the user's rough location, placing their profile picture on a map accessible through a PC or mobile device. By clicking on ...
