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Sumner Redstone repeated his promise that he will not sell anymore stock in either CBS or Viacom. Redstone assured investors he has more than enough assets to cover the $1.6 billion debt. Shares in both companies were up on the news, as Redstone works with bankers on restructuring the debt.

Microsoft will offer 0% financing on business software. The deal, available to company’s spending between $20,000 and $1 million on MSFT’s customer management and accounting software, is an incentive to sign up small and medium sized businesses during the recession.

Microsoft is relaunching Windows Live as a social networking tool. The service, which can import content from Twitter, Flickr, LinkedIn, Yelp and other sites, organizes information in a Facebook-like news feed. The big question is whether or not Microsoft jumped on the social network wagon too late to make a significant impact on Facebook and MySpace.

Google has added voice recognition software to its iPhone application, to be available today. Users can pose a question, the sound of which is converted to a digital file and sent to a private Google server, where it is analyzed, and subsequently searched on Google, with answers appearing in text. Google’s goal is to dramatically increase advertising value through location and voice services.

Plus, today’s consulting question, “Local TV news is so important, how can Fox and NBC merge their local news departments?” Shelly has the answer on today’s MediaBytes.

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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