Word: mudd
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Making personalized radio portable could be the key to its long-term success. "The biggest problem with Internet radio is that it's stuck on the PC," says Slacker CEO Dennis Mudd. "What you really want is this device you can play in your living room, in your car or in the desert walking around." In addition to Sprint's move to put Pandora on phones, SanDisk recently demonstrated a prototype portable player that could run Pandora, and Slacker plans to sell a $150 iPod-like player this summer that can get wireless music downloads from its website...
Unlike iTunes, music from Slacker is free. "Most people don't want to pay for radio," says Mudd, who hopes to bring in revenue through audio advertising spots. That model is showing some promise. The overall Internet-radio market brought in more than $400 million in ad revenue last year, according to JPMorgan Chase. About half of that came from online ads on websites owned by conventional radio broadcasters like CBS Radio and Clear Channel. "Internet radio, when you tie it in with our business model, I think it works," says Clear Channel CEO Mark Mays, who is beefing...
...SAMUEL MUDD...
...only helped a stranger with a broken leg, he said. But that stranger was John Wilkes Booth, on the run after assassinating Abraham Lincoln. Mudd was jailed for life for treason and for conspiring to assassinate the President but was pardoned...
...those with the cash, Juicy and Mudd are the jeans of choice. Also in: spaghetti straps, sequined tops and short, fitted jackets...