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Ebay plans to cut their upfront listing fees by as much as 75-percent. The reason for the move is that Ebay wants to change their entire business model from the associated auction-style marketplace to a fixed rate, buy-now store. Ebay's hope is that cutting their fees will increase the inventory of items sold through the site, which will ultimately increase their revenue.
And there's more trouble brewing for Steve Jobs and company. Apple admitted that its iPod Nano has had problems with smoking and sparking, an issue caused by overheating batteries. Apple said they will replace first generation Nanos, along with MacBook and MacBook Pro MagSafe power cords, which have had problems melting and ripping.
And in the Online video world, video advertising network Tremor Media released figures showing that 80-percent of its users watch pre-roll ads all the way through. Tremor said that the numbers for the completion rate of both 15 and 30 second ads was nearly identical. Tremor's stats are good news for the industry, proving that viewers don't mind watching short ads before watching a free online video.
Chris Russo, better known for his popular radio persona The Mad Dog, signed a 5-year contract with Sirius XM Radio worth 15-million dollars. The Mad Dog just left his job hosting the popular Mike and the Mad Dog Show out of New York's WFAN radio station before signing the deal. His new show will begin broadcasting on September 15th, and it will be the first original radio show that will be available to both Sirius and XM subscribers as the two satellite companies are in the process of merging.
And finally, NBC's Olympics coverage has been a roaring success. After about 2-weeks of competition, the Peacock attracted 211-million viewers, making it the most viewed Olympic games in TV history. Over 83-percent of US households have tuned-in to see at least some of the competition. Plus, NBC's multichannel coverage has helped them deliver the widest ...