House Democrats have proposed injecting an additional $650 million into the digital TV coupon program. The government mandated program, which is set to run out of money, was originally given $1.34 billion for the coupon program. While the Bush administration sought to give the program $250 million in additional funding, the Obama administration may provide both additional funding and a delay.
Intel reported a 90% decrease in net income for the fourth quarter. The world's largest chip manufacturer took in $234 million during the quarter, down from $2.3 billion in 2007. Despite the decline in revenue, Intel is committed to investing in the future, noting that capital spending will stay the same in 2009.
FCC Chairman Kevin Martin announced he will resign from his position next week when the new administration takes over. Martin, a republican, did not have to resign as his term does not expire until 2011. The soon-to-be-former Chairman is expected to join the Aspen Institute think tank as the Senior fellow in the Communications and Society program.
After much criticism, Burger King has pulled its "Whopper Sacrifice" Facebook application off the social network. The application, which let users dump 10 friends and rewards them with a coupon for a free Whopper, was pulled after Facebook raised privacy concerns.
Sprint will offer an all inclusive $50/month cell phone plan. The plan includes unlimited calling, texting, wireless web and walkie-talkie service. The catch? The plan is limited runs on Sprint Nextel's sub-optimal walkie-talkie network and features a very limited phone selection.
Shelly Palmer is a consultant and the host of MediaBytes a daily show featuring news you can use about technology, media & entertainment. He is Managing Director of Advanced Media Ventures Group LLC and the author of Television Disrupted: The Transition from Network to Networked TV (2008, York House Press). Shelly is also President of the National Academy of Television Arts & Sciences, NY (the organization that bestows the coveted Emmy® Awards). You can join the MediaBytes mailing list here. Shelly can be reached at firstname.lastname@example.org