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Yesterday we lost two of our dearest pop-culture icons. Farah Fawcett, the subject of the best selling poster of all time and Michael Jackson, the musical force behind the best selling album of all time. Their untimely passings brought their extraordinary achievements into focus, and made me wonder, will anyone ever sell 12 million posters or 45 million albums ever again? It seems unlikely.

Taiwanese smartphone manufacturer HTC unveiled the third Google Android based phone yesterday. Dubbed the Hero, the phone is similar to the iPhone and includes a 3.2 inch touchscreen and GPS. The phone will also support Adobe’s Flash, which is currently not offered by Apple’s iPhone.

The Professional Golf Association and Turner Sports have agreed to a contract extension that will give Turner broadcast rights for the PGA until 2019. In addition, Turner, which has access to early round PGA tour coverage, will continue to manage PGA.com. As part of the agreement, Turner will launch mobile and new media services to extend the PGA’s digital footprint.

Transformers: Revenge of the Fallen earned $60.6 million at the box office on its opening day. The sequel broke Harry Potter and the Order of the Phoenix’s previous record of $44.2 million for a Wednesday opening by over $15 million. At its current rate, Transformers: Revenge of the Fallen could surpass Spiderman 2’s $152.4 million record for a five day opening.

Microsoft announced that the Windows 7 will be significantly cheaper than its failed Vista OS. Windows 7 packages will run between $199.99 and $319.99, while upgrades will start at $119.99. To make up for Vista, a product which truly hurt the Windows brand, Microsoft will give customers who purchase a new PC before Windows 7 is released a free upgrade in October when it is released.

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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