RUMOR MILL
Wednesday, January 12, 2011
Verizon to take $5b hit the first year
THE BIG SQUEEZE: After Verizon Wireless starts selling the iPhone in February, the company may have to eat as much as $5 billion in subsidies over the following 12 months, the N.Y. Post reports. The $5 billion hit, the high end of Wall Street estimates, is the difference between the $199 price charged to customers and the estimated $620 Apple charges Verizon times the estimated 15 million phones one analyst is predicting Verizon will sell in the first year. "Apple is good at pointing a gun at someone's head and saying, 'You want our stuff? Here are our terms,'" Jack Gold of Jack Gold Associates told the Post. (1/12a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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