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FCC dismisses Liberty Media request for control of SiriusXM

Score one for Mel Karmazin, the chief executive of Sirius XM Radio Inc.

The U.S. Federal Communications Commission on Friday dismissed Liberty Media Corp.'s request for the operating licenses that would have given the company control over SiriusXM.

Liberty's request, made in March, argued that because it had 40% of SiriusXM's shares, along with five out of 13 seats on the company's board, Liberty effectively controlled SiriusXM, a New York-based satellite radio service with 22.3 million paying subscribers. Sirius strenuously protested with the FCC, and Karmazin in a recent call with investors mocked Liberty's argument as "40 is the new 50."

The FCC, in a letter to Liberty's lawyers, rejected the application. Here's the relevant rationale:

We find Liberty Medias applications to be unacceptable for filing because they are defective with respect to execution and other matters of a formal character. Specifically, Liberty Media was unable to obtain the passwords, signatures, and other necessary information from Sirius to properly file an electronic transfer of control application. Furthermore, we concludethat a waiver of basic filing requirements is not warranted, as the facts disclosed in the referenced applications are not sufficient to establish that Liberty Media intends to take actions, such as conversion of preferred to common stock and installation of a board majority, that would constitute exercise of de facto or de jure control.

Translation: In order to get its hands on SiriusXM's operating licenses, Liberty Media would have to get the passwords and approval of executives and board members who run SiriusXM.Eddy Hartenstein, publisher of the Los Angeles Times, is a non-executive chairman of the SiriusXM board.

Calls to SiriusXM and Liberty Media were not immediately returned.

John Malone, the chairman of Liberty Media, isn't one to give up easily, however. The FCC option was simplythe least expensive path to gaining control of SiriusXM.

Liberty now has other, albeit costlier, options including accumulating enough shares of SiriusXM to boost its stake above 50%and staging a boardroom coup bycalling a meeting of Sirius stockholders and putting the matter to a vote. But doing so could trigger a big tax bill for Liberty Media if the transaction is deemed to be an acquisition.

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FCC dismisses Liberty Media request for control of SiriusXM

Tech and You: Social networking app – PlayUp – NewsX – Video

04-05-2012 02:17 PlayUp offers live scores and stats for leagues including NFL, NBA, MLB, NHL, College Football and Basketball. And if you're a fan of international sports, we have got you covered with all the best Soccer, Cricket, Rugby and much more! Cricket Umpire social game is also available here and former Australian cricket captain Steve Waugh would be giving his expert inputs in the social games. For more log onto-

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Tech and You: Social networking app - PlayUp - NewsX - Video

Livehoods Maps Neighborhoods For The Social-Networking Age

Researchers at Carnegie Mellon's School of Computer Science have developed a program they're calling Livehoods, which organizes "check-ins" from the popular social networking site Foursquare into a cultural database of local habits and trends.

Livehoods' organizers say the program provides an opportunity for city planners and others to track and aggregate the real-time cultural habits and diverse makeup of certain neighborhoods, from block to block, and to see how they change over time.

"A lot of people might look at this project and say at first, it's obvious," says Justin Cranshaw, a Ph.D. student at CMU and one of the project's leading researchers. "Maybe it's obvious to locals, but to people unfamiliar with that part of the city, this [provides] an accurate snapshot of what's really going on."

The program's algorithm examines the check-ins and identifies unique trends pertaining to that particular neighborhood. This information is then mapped to reveal an area's "Livehood," unique to each section of a city, displaying the most popular things to do and places to go. A user can browse the most frequented locations in a certain area, see what kinds of places they are -- restaurants, movie theaters, bars, etc. -- and learn where people with similar habits are hanging out across the city.

One wonders whether enough types of city-dwellers are logged onto Foursquare these days, but Cranshaw insists that the social-networking site has become more diverse. When Foursquare first started in 2009, it seemed primarily geared toward technologically savvy people in big cities who wanted to score the most check-ins at their local dive bar.

Though it still only reflects the cultural habits of those who own a smartphone and choose to use its service, the site has clearly expanded significantly. Today Foursquare boasts over 20 million users around the world, and it has racked up around 2 billion "check-ins" at various locations. Driving across the country last fall, it was even possible to check in at "the middle of nowhere" somewhere in North Carolina. There was a mayor and a badge and everything.

Cranshaw notes that over the years, computers have become more adept at map-making and providing detailed directions and reviews, but they're still "not that great at determining real cultural knowledge." Livehoods, he says, sorts the local "knowledge" of each community into browsable regions.

"In urban studies, researchers have always had to interview lots of people to get a sense of a community's character and, even then, they must extrapolate from only a small sample of the community," Raz Schwartz, a visiting scholar at the CMU School of Computer Science's Human-Computer Interaction Institute and another researcher on the project, said in a statement. "Now, by using Foursquare data, we're able to tap a large database that can be continually updated."

So far, Livehoods has maps for San Francisco, New York and Pittsburgh, and has analyzed millions of unique check-ins at various locations.

Cranshaw said that the project will not only help city developers and planners, but also business-owners looking to determine the best location to open a new store or restaurant.Certainly advertisers and other marketing agencies will be happy to gain access to the information as well.

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Livehoods Maps Neighborhoods For The Social-Networking Age

Facebook pushes record-breaking IPO

Facebook, the company that turned the social Web into acultural and business phenomenon, is worth as much as $95bn, accordingto the price range for its upcoming initial public offering of stock.

Facebook's IPO, expected in a couple of weeks, would be the biggest so far for an internet company. Facebook disclosed the price range of $28 to $35 pershare in a regulatory filing on Thursday.

At the high end, Facebook and its current shareholders could raise as muchas $13.58bn, far more than the $1.9bn raised in the 2004offering for current Internet IPO record-holder Google Inc.

The IPO valuedGoogle, now worth about $200bn, at $23bn.

Facebook Inc's IPO has been highly anticipated, not just because of howmuch money it will raise but because Facebook itself is so popular.

Theworld's largest online social network has more than 900 million users.

CEO Mark Zuckerberg, who turns 28 this month, has emerged as a wunderkindleader who has guided Facebook through unprecedented growth from its scrappystart as an online hangout for Harvard students.

Road show

Facebook's offering values the company at $76bn to $95bn,based on the expected number of Facebook shares following the IPO.

Facebook's next step is an "IPO road show," where executives talk topotential investors about why they should invest in the stock.

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Facebook pushes record-breaking IPO

New FSMB Policy Addresses Appropriate Use of Social Media by Physicians

Newswise DALLAS The Federation of State Medical Boards (FSMB) House of Delegates adopted new policy guidelines on the appropriate use of social media and social networking sites by physicians during the FSMBs 2012 Annual Meeting in Fort Worth, Texas, on April 28.

Developed by the FSMBs Special Committee on Ethics and Professionalism, the "Model Policy Guidelines for the Appropriate Use of Social Media and Social Networking in Medical Practice" provide recommendations for state medical boards to consider in educating their licensees on the proper use of social media and social networking websites.

Digital media has enormous potential for doctors and patients, allowing us more opportunities to share information and establish meaningful professional relationships, said FSMB President and CEO Humayun Chaudhry, DO. However, physicians also need to be aware of how to maintain the same professional and ethical standards in their online activity as they do in the rest of their practice. Failing to do so can hurt patients and physicians careers.

Violations of online professionalism are prevalent among physicians, according to a recent study published in the Journal of the American Medical Association. The study, conducted by the Robert Wood Johnson Foundation Clinical Scholars at Yale in collaboration with the FSMB, found that 92 percent of state medical boards in the United States have received reports of violations of online professionalism.

Developed by the FSMB to encourage physicians who use social media to protect themselves from unintended consequences, the new model guidelines include these recommendations:

Physicians should only have online interaction with patients when discussing the patients medical treatment within the physician-patient relationship and these interactions should never occur on personal social networking or social media websites.

Patient privacy and confidentiality must be protected at all times, especially on social media and social networking websites. Although physicians may discuss their experiences in non-clinical settings, they should never provide any information that could be used to identify patients.

Physicians should be aware that any information they post on a social networking site may be disseminated to a larger audience, and that what they say may be taken out of context or remain publicly available online in perpetuity.

The "Model Policy Guidelines for the Appropriate Use of Social Media and Social Networking in Medical Practice" is available on the FSMB website at http://www.fsmb.org.

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New FSMB Policy Addresses Appropriate Use of Social Media by Physicians