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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 30, 2009
Page
10
The Conference Board says consumer confidence rose to 52.9 in December, the second straight gain, with expectations for job prospects improving in early 2010. Unemployment hovered near 10 percent and housing prices in October showed modest regional gains while overall sentiment remains weak.
GM plans 7000 per vehicle incentives for remaining Saturn and Pontiac stock moved to dealer fleets. Dealers can sell to consumers at a discount while labeling cars as used. The offer expires January 4 as GM exits Saturn and Pontiac and trims brands to Buick Chevrolet GMC and Cadillac.
Johnson & Johnson expands a voluntary recall of Tylenol Arthritis Caplets to all product lots of the Arthritis Pain Caplet 100 count bottles with the red EZ-Open Cap due to moldy odors causing nausea and sickness. The odor is linked to 2,4,6-tribromoanisole from treated wooden pallets used in packaging.
Broadcasters face revenue erosion as ad dollars shift to cable and the Web. Networks and local stations may seek higher pay TV fees, or switch to cable channel models, risking the end of free broadcasts once dominant since the 1940s. Comcast's NBC takeover adds to the shift as Fox warns of higher fees amid negotiations.
Cable channels earn from advertising and pay TV carrier fees per subscriber. ESPN commands near four dollars per sub while MTV2 earns only a few pennies. overall ESPN revenue rose to 6.3 billion in 2009 from 1.8 billion a decade earlier.
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