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News Corp is firing MySpace CEO and Co-Founder Chris DeWolfe. DeWolfe, who has been with MySpace since its launch in 2003, ran the company when News Corp acquired it for $580 million in 2005. It has been reported that former Facebook COO Owen Van Natta will be announced as MySpace’s new CEO.

PBS launched a beta version of its own online video outlet. Dubbed PBS Video Portal, the site gives users access to thousands of hours of archived footage. In addition to its own online destination, PBS is also offering up content on Hulu.

Despite CEO Steve Jobs being on medical leave, Apple defied expectations, reporting nearly $8.16 billion in revenue for the quarter. The positive financial report was heavily influenced by exceptional sales of Apple’s iPhone, which sold 3.79 million units. CFO Peter Oppenheimer noted that the company recorded its “best non-holiday quarter revenue and earnings” in its history.

ABC is set to revive Who Wants to Be a Millionaire this summer with host Regis Philbin. The show, which premiered over a decade ago, will begin on August 9th and will run until August 23rd. The show generated renewed public interest due to the success of the Oscar winning Slumdog Millionaire, which is centered around the Indian version of the game show.

William Peterson, who played Grissom on CSI, announced that a film of the popular TV drama is set to be produced. Peterson, who left the show but is still an executive producer, noted that “there’s a story that can’t be told on TV and needs to be told from ‘CSI’s’ perspective and the audience wants it.” A timetable for the production has yet to have been set.

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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