Tuesday, October 10, 2006

signs of the times

Good news for YouTube:

Google Inc. announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction.

Bad news for Tower Records:

Tower Records, once the dominant music retailer in the country, has officially fallen. Following a 29-hour auction Friday (Oct. 6), most of the retailer's assets were sold to liquidation firm Great American Group...