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Watch Shelly’s commentary on the biggest banking buyout in United States history.
AT&T is switching its satellite-television provider to DIRECTV. Despite signing a one-month extension with the DISH NETWORK last week, AT&T will ditch the struggling provider. Analysts believe that AT&T left DISH because of the companies lower-end market and its inability to roll out quality High Definition programming faster than its competitor.
Screen legend Paul Newman passed away this weekend. Newman, the Academy Award winner known for roles in Cool Hand Luke, Butch Cassidy and the Sundance Kid and The Sting, was also a philanthropist and avid sports fans. His Newman’s Own company has given more than $250 million to charity.
The FCC is considering rules for product placement on television. While consumer groups want product placement to be more transparent, advertisers see it as one of the last viable ways to get your product to the audience. Product Placement has grown so rampant that American Idol logged 4,636 product placement shots during the first half of 2008.
Baltimore will become the first city to test SPRINT’s WIMAX network. The service, which will provide users with wireless internet access at home, as well as mobile internet, will begin offering the mobile product for as little as $30/month. While Sprint is banking on its next generation wireless network to increase revenue, the fact that it is not compliant with AT&T and Verizon’s 4G.