- Axl Rose has fired his manager Merck Mercuriadis. Read here.
- CBS Revives CBS Records to Make Music for TV, ITunes
CBS Corp. plans to revive its CBS Records label to produce music for television programs
Internet sales to tap consumer demand for downloaded songs. CBS music and videos initially will be sold only online at Apple Computer Inc.’s iTunes store and through Web outlets such as cbsrecords.com. - Facebook Not for Sale
Facebook another social-networking Web site courted by Yahoo! isn’t for sale, board member Peter Thiel said. “It’s going to remain an independent company,” Thiel said
in an interview last week. “The plan is to actually build it, maybe at some point take it public, but definitely not to sell it.” (Ruben Ramirez) - American use 10 Hours of Media a Day
Americans will spend nearly 10 hours a day watching television, surfing the Internet, reading books, newspapers and magazines and listening to music this year, the U.S. Census Bureau said on Friday. - David Geffen; a Billion short for the LA TIMES
Media mogul David Geffen’s $2 billion bid for the Los Angeles Times is about $1 billion short of what big shareholders of parent Tribune Co. want for the storied newspaper. L.A. Times is closer to $3 billion and have said any sale of the paper would have to be done as tax-free transaction, sources said.
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