News Byte

NYSE to Hit Eject Button on Blockbuster

How the mighty have fallen. The New York Stock Exchange is set to delist beleaguered Blockbuster next week after the video rental chain’s shareholders failed to approve measures that would have lifted the stock price above the NYSE’s $1 minimum (it’s currently trading under 20 cents). And if that weren’t enough, Standard & Poor’s downgraded Blockbuster’s corporate credit rating today, a day after the company missed $42.4 million in debt payments. Cue the circling-the-drain sound effect.

Will Google’s Goodwill Campaign Appease Publishers?

Publishers complain. Google listens politely, then makes moves that don’t address publishers’ complaints. Repeat.
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Pirate Bay’s Would-Be Buyer Sinks, Blames Media

A proposed deal to buy The Pirate Bay and turn it legit, which never made sense in the first place, now looks all but dead. The Swedish software/Internet cafe company that’s supposed to buy the file-sharing haven for $8 million now says investors that were supposed to finance the deal have disappeared. And it says this is the fault of the U.S. media, which supposedly spooked said investors. Sorry!
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