Time Warner - AT&T - Revver - MySpace - Baidu - MediaBytes F

TIME WARNER will spin off AOL's Internet access business from its web division and cut 100 jobs in the restructuring. AOL's dial-up business is still profitable but in obvious decline. The company is also actively exploring a sale of the 84% of Time Warner Cable that it currently owns. During Time Warner's quarterly conference call, CEO Jeff Bewkes addressed the state of the television industry, saying it needs to be "a bit more revolutionary" and that all networks should offer their content on-demand. AT&T will expand its 3G network to 80 additional cities this year, reaching a total of 350 cities. The network expansion plans include a future upgrade path to 4G. The company will also roll out its first network with High-Speed Uplink Packet Access, which allows for greater upstream speeds. REVVER is offering itself for sale for around $500,000 and the assumption of $1 million in debt. The video-sharing site pioneered the revenue-sharing model for online content creators. However, traffic growth has been flat and the site seems to have lost some of the buzz surrounding its business model, as YouTube and others have added similar revenue-sharing options. MYSPACE will run a second season of Roommates, the online faux-reality show about recent college graduates. Ford will remain a sponsor, with Freshlook Color Contacts also signing on. MySpace claims the show had 6 million views during its first season. BAIDU faces a new lawsuit from the International Federation of Phonographic Industries. The IFPI has asked Chinese courts to force the popular search engine to remove its thousands of free links to copyrighted music. As reported yesterday, Google is planning a new legal music service to challenge Baidu's unlicensed music offerings. Get the full story at http://www.Media30.com.

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YouTube | February 7, 2008

Tags:. .jobs. .signing. .engine. .currently. .copyrighted