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Wednesday, June 29, 2011

Obama Administration's Health Care Law Upheld in Court

A federal appeals court in Cincinnati has upheld the Obama health care overhaul law, ruling the part of the law that requires everybody buy health care is constitutional under the commerce clause. The individual mandate is a signature part of the health care law and has been the target of numerous legal challenges from Florida to Virginia.


For coverage from NPR click here.

Myspace sold to Orange County CA-based ad network


Myspace-blog
Myspace, once the dominant social networking site on the Internet but now an afterthought to Facebook, will be sold to Specific Media in a deal worth $35 million in cash and stock, a person familiar with the matter said. 
The acquisition by the Irvine-based advertising network is expected to be completed Wednesday.
News Corp., which acquired Myspace in 2005 for $580 million as part of a bold digital strategy, plans to retain a small stake in company. The media conglomerate had hoped to fetch as much as $100 million for the site, which has been steadily shedding users and advertising revenue over the last several years.

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An example of new media, but will it work and who are you really hitting with these webcast?



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