Yahoo Doubling Price of Music Service
Yahoo Inc. (Nasdaq:YHOO – news) is doubling the price of its online music subscription service for portable MP3 players, ending a short-lived promotion that sought to lure consumers from Apple Computer Inc.’s market-leading iTunes store.
[…] Piper Jaffray analyst Gene Munster said Yahoo’s low rental prices didn’t impress most consumers because the service isn’t compatible with Apple’s iPod — which boasts about 75 percent of the market for portable players.
“About 90 percent of the (iTunes) music store’s success has to do with the devices that it works with,” Munster said.
Web 2.0 Cracks Start to Show
In a widely read online essay, “The Amorality of Web 2.0,” Carr slammed overeager Web 2.0 proponents as hyper-hyped.
Citing two particularly error-ridden entries on Bill Gates and Jane Fonda, Carr described Wikipedia’s contents as “unreliable,” “slipshod” and sometimes “appalling.”
“The promoters of Web 2.0 venerate the amateur and distrust the professional,” wrote Carr. “We see it in their unalloyed praise of Wikipedia, and we see it in their worship of open-source software and myriad other examples of democratic creativity.”
[…] “Online, free media is one of the contributing factors to the shrinking circulation of good newspapers,” he said. “Now, traditional media is shifting away from large investments in bureaus and hard reporting, and towards cheaper content and opinion-making. It’s hard for me to imagine participatory media devoting investments to hard, investigative or overseas reporting. The healthiest scenario would be one in which both kinds of media thrive.”