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Watch Shelly’s commentary on Obama’s shifting stance regarding Telecom immunity and his understanding of the broadband environment.

After MICROSOFT (NASD: MSFT) began talks seeking partners for a YAHOO deal, YAHOO (NASD: YHOO) has decided to strike back by pursuing the same partners. Yahoo has been in talks with TIME WARNER (NYSE: TWX) and NEWS CORP (NYSE: NEWS). With Yahoo’s search ads deal with GOOGLE (NASD: GOOG) in regulatory purgatory, Yahoo is in dire need of a partner who can help boost its crumbling stock price.

CIRCUIT CITY’s (NYSE: CC) lead director resigned yesterday. Director Mikael Salovaara and another board member jumped ship after BLOCKBUSTER (NYSE: BB) pulled its billion dollar bid for the retailer. Circuit City is still looking to explore a sale or merger that could stabilize its finances.

CLEAR CHANNEL’s (NYSE: CCU) Premiere Radio Networks has signed Rush Limbaugh to a $400 million contract extension that runs through 2016. Valued at $38 million a year, with a $100 million bonus, the deal is a quasi-360 deal that means Premiere Radio Networks will share profits from Limbaugh’s daily radio show, newsletter, website and subscription service. The deal is the largest in the history of terrestrial radio.

A Federal judge denied VIACOM’s (NYSE: VIA) request to force GOOGLE (NASD: GOOG) and YOUTUBE (NASD: GOOG) to turn over the algorithm behind their search function. Viacom had requested the code be turned over in their billion dollar copyright-infringement case against Google’s YouTube. Google claims its search algorithm is a trade secret which couldn’t be disclosed without the risk of losing business.

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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