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Dave Westin, President of ABC News, sent a company wide email notifying employees of drastic budget cuts. ABC News, which is trying to limit expenses asked that executives take coach flights, stay in cheaper hotels, while canceling all print subscriptions. tightening convention attendance policy and limiting business lunches. Westin also canceled the company’s holiday party.

Netflix announced that it will finally launch “Watch Instantly” for Macs. The streaming movie service, to be made available via Microsoft’s Silverlight, will be available by the end of the year. The service has been available to Windows and Linux users for nearly 2 years.

Oprah named Amazon’s Kindle as her “favorite new gadget.” Looking to build off the endorsement, Amazon will offer a $50 rebate to users who enter the code “OPRAHWINFREY” at checkout. The rebate will bring the cost of the Kindle to $359, but the big question is whether or not this will bring Kindle to the mainstream.

Cox is expected to announce the launch of a cell phone network today. Cox plans on building the network in areas where it provide cable service and partnering with Sprint in other areas. The company spent $500 million on wireless capacity and hopes to have it available commercially in the second half of 2009.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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