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Watch Shelly’s commentary on GOOGLE (NASD: GOOG) launching Knol and the culture of Mountain View.

The NEW YORK TIMES (NYSE: NYT) reported a net income of $21.1 million for the second quarter, down from $118.4 million from the second quarter last year. Despite major efforts to cut costs, the Times continues to lose money. In an effort to raise revenue, the Times will increase its news stand price to $1.50.

ELECTRONIC ARTS (NASD: ERTS) has signed a deal with Hollywood talent agency UTA. The goal is to turn more video games into movies and TV shows. Currently, EA has a movie version of “The Sims” in the works with Fox, as well as an animated Sims series in development.

FCC commissioners have reached a tentative deal that will approve the SIRIUS (NASD: SIRI)-XM (NASD: XMSR) merger. Commissioner Tate is expected to cast the deciding vote in favor of the merger, after specific details are resolved. If everything goes as planned, Sirius and XM could have joint units on the market before the winter holidays, a traditionally strong market period for satellite radio.

MICROSOFT’s (NASD: MSFT) Head of Online Business, Kevin Johnson, is leaving Redmond for JUNIPER NETWORKS. Johnson, who led Microsoft’s effort to acquire Yahoo, was in charge of overseeing Window’s operating system, Windows Live, and the company’s online services. Microsoft is expected to split Johnson’s team into two separate divisions, one focusing on Windows and the other on web presence.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and 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 writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



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