It has been about two years since Apple last released a major firmware update for its Apple TV platform, so the release of Apple TV 3.0 today will come as welcome news to those who own the device. 3.0 is largely as rumored: Adding support for both iTunes LP and iTunes Extras.
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It’s not the $974.5 million TiVo had been looking for, but the $200 million in sanctions against EchoStar’s Dish Network the company has been awarded isn’t exactly petty cash, either. On Friday, a U.S. District Court judge for the Eastern District of Texas ordered the satellite broadcaster to cough up that sum for its continued infringement of TiVo’s “multimedia time warping system” patent.
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AT&T and Verizon have run afoul of TiVo’s video patents. Reporting a second-quarter loss and projected results below Wall Street expectations Wednesday, the digital video recorder pioneer said it is suing the two telecoms for infringing on its patents for technology that allows DVRs to simultaneously store and play back programs, pause live television and deliver other features.
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Though it was eagerly anticipated by the industry and Sirius subscribers, the satellite radio provider never expected that much from its new iPhone app. During a call with analysts Thursday, CEO Mel Karmazin said the app was intended more as a means of tempering subscriber churn than a means of driving new subscriptions.
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If you thought the decline in subscribers posted by Sirius XM Radio in its first quarter was ugly, you ain’t seen nothing yet. With the souring economy weighing heavy on the auto industry–a mainstay of Sirius’s business–and partner Chrysler navigating bankruptcy, the struggling company is bracing itself for continued subscriber losses in its second quarter.
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Apparently, satellite mogul Charlie Ergen’s run at Sirius XM has been in the works for quite some time. Indeed, “people familiar with the situation” tell The Wall Street Journal that he made an offer late last year to take control of the struggling satellite radio outfit, but was rebuffed.
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Well, what do you know? Sirius CEO Mel Karmazin pulled it off: At the satellite radio outfit’s shareholder meeting today, a proposal to enact a reverse stock split and another to increase the number of authorized shares of Sirius XM common stock from 4,500,000,000 to 8,000,000,000 passed.
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In November of 2007, shares in Sirius XM were trading at $3.94. Today they’re at $.13. Suffice to say, the company’s shareholder meeting tomorrow will be a critical one for the struggling satellite radio outfit and for CEO Mel Karmazin, who’s presided over its more than 85 percent decline in value.
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If the Save Sirius coalition hopes to fulfill its eponymous mandate, it may have to do so by other than legal means. Because its lawsuit against Sirius XM has been dismissed.
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The U.S. Justice Department has managed the impossible. It’s brought Howard Stern and Oprah Winfrey together under a single aegis.
This morning the DOJ approved the merger of satellite radio companies Sirius Satellite Radio (SIRI) (home to Stern) and XM Satellite Radio (XMSR) (home to Winfrey), a move that will create a satellite radio company with [...]
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“Comcast 3.0.” That was the subject of Comcast CEO Brian Roberts keynote address at the Consumer Electronics Show today. And what is “Comcast 3.0?” Well, like Web 2.0 and 3.0, it’s a marketing term–in Comcast’s case, one for its transformation from “broadband” provider to a “wideband” provider.
In 2008, said Roberts, Comcast will begin upgrading its [...]
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With little more than a year to go before television in the states goes all-digital, the federal government is doing its best to make the transition easier for couch potatoes dreading the looming obsolescence of their rabbit-eared sets.
Yesterday, the Commerce Department began accepting applications for $40 coupons to defray the cost of a basic digital-to-analog [...]
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According to “a reliable industry insider,” the touchscreen iPod that Apple is expected to uncrate tomorrow will support digital radio. “The source said that the new iPods will be able to receive digital radio, and will include a ‘buy-now’ function to allow the user to download and buy tracks as they are being played,” [...]
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