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CBS is working round the clock to keep David Letterman’s explanation of his extortion case off the Internet. The clip was not posted to either CBS.com nor TV.com and CBS censors have removed many copies of the ten minute clip from YouTube. While the network is obviously worried about the clip diminishing the Late Show brand, analysts believe that the clip, which could cause a viral buzz, may have increased attention to the show.

The latest reports on the Comcast-NBCU negotiations say that GE wants to purchase 20% of NBCU from Vivendi for a 49% stake in the company. If agreed upon, Vivendi would no longer own a piece of NBCU, while Comcast would own the controlling interest. Of course the deal may run into anti-trust issues as negotiations continue.

Last week Time Warner shareholder Gordon Crawford noted that he thought Time Warner was set to sell of its magazine division. However, CEO Jeff Bewkes denied the story, saying simply “Time Inc. is not for sale.” Bewkes went on to note that the magazine business was solid, despite recession fueled ad rates.

Reports are coming out that TMZ helped in charging the man who took videos of sportscaster Erin Andrews while in her hotel. Michael David Barrett, who used a peephole in a wall to spy on Andrews, tried to sell the scandalous clips to TMZ. Rather than deal with the stalker, TMZ notified authorities and helped in getting Barrett arrested.

Sony enjoyed a strong week at the box office with Zombieland and Cloudy with a Chance of Meatballs coming in at number one and two. Zombieland earned approximately $25 million, while Cloudy with a Chance of Meatballs grossed $16.7 million to make Sony the highest grossing studio for the week.

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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