Shelly Palmer Radio Report – June 10, 2011

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Citigroup responded to reports by the Financial Times, confirming it had been hacked. While the breach only affected 1% of customers, Citigroup refused to alert anyone about the month-old cyber attacks. No sensitive information was stolen except for email addresses and card numbers. In other news, Apple reversed its rules on how publishers are required to sell subscriptions through iTunes. Previously, companies were forced to sell iPad publications solely through the App Store, forking over 30% of profits to Apple. Now, publishers can now set subscription terms and prices through their website instead. And finally, Microsoft finally lost its appeal against a $290 million patent dispute with company i4i. The case stems from i4i suing Microsoft over a software feature in Word, which would require Microsoft to pull the software from stores. I4i says the case is an example of Microsoft trying to lower the standard for invalidating patents.

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



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