MTV To Buy Atom Films For $200 Million

Viacom Inc.’s MTV Networks announced that it has agreed to buy Internet video and games company Atom Entertainment for $200 million. Atom Entertainment was formed about five years ago from the merger of Atom Films, known for carrying independent short films, and Shockwave.com, which offered online games. Atom began letting viewers upload their own online films in March this year. The acquisition now gives MTV access to...

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Alltel To Offer XM Satellite Radio On Cell Phones

XM Satellite Radio has inked a deal with Alltel Wireless that will give Alltel customers access to a wide range of XM Satellite Radio programming via their wireless phones. The XM Radio Mobile service will be offered to Alltel Wireless customers for $7.99 per month. The application was developed by MobiTV, a company specializing in television and digital radio services for cellular, Wi-Fi and broadband enabled devices. XM’s...

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