The FCC is setting rules for auctioning the 700 MHZ spectrum, formerly used for Analog TV. Analog will stop using the spectrum in February 2009.

YAHOO has launched a searchable database of music lyrics. The database includes the official versions of lyrics to over 400,000 songs, supplied by music publishers. Yahoo and the rights-holders will share revenue from advertising.

AMAZON doubled 1Q profits. The success of its membership program and downloadable movie service were contributing factors.

MYSPACE will launch a reality show with producer Mark Burnett. The program will air on MySpace, but also seek traditional network distribution.

VONAGE is allowed to sign up new customers, while the Verizon lawsuit continues. Vonage shares jumped almost 30 percent on the news.

About Shelly Palmer

Named one of LinkedIn’s Top 10 Voices in Technology, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on machine learning and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb

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"MediaBytes – 04/25/07" by @ShellyPalmer

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