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The Senate has approved a delay of the digital Television transition. The approval, supported by President Obama, now schedules the transition for June 12. Last week the government reported that 1.4 million Americans were on a waiting list for DTV coupons.

SAG National Executive Director Doug Allen has been fired from his position. Allen, a controversial figure inside the organization, said that he was “disappointed in the board’s decision, which was made by written assent,” and that he was “proud” of his record. Allen effectively split the union in half by not replacing negotiators working on cutting a deal with Hollywood studios.

In what is becoming increasingly more popular, many tech companies are laying off thousands of workers. Texas Instruments (3,400), Phillips (6,000), IBM (2,800) and Sprint (8,000) all announced plans to lay off thousands of workers. Each company blames the economy, citing consumer apprehension, and the need to cut costs for the layoffs.

Netflix reported a 45% increase in profits for the quarter. The progressive movie rental company posted a net income of $22.7 million, up from $15.7 million a year ago. While the company has experienced growth in the down trending economy, it did lower its outlook in October from $0.38 a share to $0.30 a share.

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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