News

On August 31, Apple announcedhttp://www.apple.com/pr/library/2007/08/31itunes.html">announced; that the iTunes store would stop selling NBC television episodes for the upcoming season. The press release stated: "The move follows NBC's decision to not renew its agreement with iTunes after Apple declined to pay more than double the wholesale price for each NBC TV episode, which would have resulted in the retail price to consumers increasing to $4.99 per episode from the current $1.99. ABC, CBS, Fox and The CW, along with more than 50 cable networks, are signed up to sell TV shows from their upcoming season on iTunes at $1.99 per episode."

It has been a fraught week for Tweeter Newco LLC, the A/V specialty chain acquired by Shultze Asset Management in July. On August 17, the company trimmed its corporate staff by "half," approximately 80 staffers at the home office in Canton, MA. It was the second corporate re-structuring since January, when 20% of the corporate staff was laid off.

On August 15, Sonos announced the release of Sonos System Software v2.3, which adds Sirius Internet Radio connectivity to the company's line of digital music systems. Sirius subscribers who own Sonos systems can add that system to their coverage for an additional $2.99/month. Sonos system owners who do not already subscribe to Sirius can purchase Sirius Internet Radio subscriptions for $12.95/month.