July 28, 2011
In the News: Oprah’s Magazine in Financial Trouble; Saxophonist Frank Foster Dies and More
- Oprah’s Magazine in Financial Trouble
O, the Oprah magazine, is suffering from a steep decline in ad sales for the months of August and September. The New York Post reports that O has suffered a 31.4% drop in ad pages for August, compared with an overall industry decline of 7%. Ouch. Even worse – September’s outlook is more grim with another 18.2% loss.
Read more at The Atlanta Post…
- iPad To Dominate Tablet Market Until 2015
The iPad will continue to dominate the growing tablet market until Android tablets take over in 2015, according to forecasts from Informa Telecoms & Media.
The study estimates that Apple currently owns about 75% of the tablet market, which is expected to expand from less than 20 million units in 2010 to more than 230 million in 2015. By that time, Apple’s share of the market will drop to just 38%, due largely to the proliferation of cheaper and more advanced Android tablets. Still, it will take another year – until 2016 – for Android tablets to outsell Apple ones.
- Colleges Join Plan for Faster Computer Networks
A coalition of 29 American universities is throwing its weight behind a plan to build ultra-high-speed computer networks – with Internet service several hundred times faster than what is now commercially available – in the communities surrounding the participating colleges.
The project, which is named Gig.U and will be announced on Wednesday, is meant to draw high-tech startups in fields like health care, energy and telecommunications to the areas near the universities, many of which are in the Midwest or outside of major cities. These zones would ideally function as hubs for building a new generation of faster computer networks, which could make the United States more competitive internationally.
Read more at the New York Times…
- Jazz Saxophonist Frank Foster Dies
(Associated Press) Frank Foster, a jazz saxophonist who played with the Count Basie Orchestra and composed the band’s hit, “Shiny Stockings,” died Tuesday. He was 82.