Shelly Palmer Radio Report – June 30, 2011

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News Corp has officially sold MySpace to the advertising firm Specific Media for around $35 million. Six years ago, News Corp purchased MySpace for $580 million and quickly began to lose advertising revenue to Facebook’s popularity. Specific Media got quite the deal, as the forlorn social networking site is still expected to generate over $180 million in ad revenue this year. In other news, HTC recently announced that it’s releasing a Facebook oriented smartphone called the HTC Status. The major difference is a dedicated Facebook button that lets users instantaneously share almost any phone activity. The HTC Status runs Android, has a thumb-sized keyboard and touchscreen and is available on AT&T this summer. And finally, Microsoft has been awarded a patent for developing wiretapping technology for voice over IP services. The project called ‘Legal Intercept’ is being designed specifically to facilitate government requests for monitoring digital lines.

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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