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Watch Shelly’s commentary on GOOGLE and T-MOBILE unveiling the first Android enabled phone and whether or not consumers will understand the value proposition.
MTV Networks has acquired social networking platform FLUX, which allows users to share and interact with content across a growing network of more than 1,000 entertainment, pop culture and music Web sites. Flux will help Viacom accomplish their Social Media Networking goals.
CIRCUIT CITY’s CEO was forced out Monday. After months of lackluster performance, the retail giant’s CEO Philip Schoonover was brought in two years ago from Best Buy and has presided over Circuit City while the company has been in a freefall. The Street reacted well to Schoonover’s ousting, with Circuit City’s stock jumping 11% in after hours trading.
NETFLIX has struck a deal with CBS and DISNEY to distribute content over the internet. The deal will allow Netflix users to view CBS and Disney television shows over the Internet, after their original on air date. The move is another stepping stone for Netflix, who is transitioning from delivering their content exclusively by mail to over the Internet.
MICROSOFT announced that it will buy back $40 billion in stock. The share buy back will be spread over 5 years time and is the largest single repurchase in 2008, besting IBM’s buyback of $15 billion. Microsoft may use the money it had offered Yahoo to repurchase the stock.