In an attempt to cope up with the subscriber losses at its fixed-line phone business, Verizon Communications Inc is planning to slash close to 13,000 jobs at the division this year following a slump in expected fourth quarter revenues.

Chief Financial Officer John Killian said that the cuts will follow reductions of a similar size as in the last year. This year’s eliminations shall equal to 11 per cent of the staff at the unit with about 117,000 in the workforce at the year end.

The company’s sales grew 9.9 per cent to USD 27.1 billion, however short of the USD 27.3 billion estimate. The fixed-line revenue fell 3.9 per cent.

The company’s pretax expense was USD 3 billion last quarter related to job cuts, pushing it to a net loss of USD 653 million. This is in sharp contrast to the USD 1.24 billion profit last year.

It’s amazing how an entire economy has been created around Wordpress. A simple blogging platform has turned into zillions of new things from a newspaper site, to a classifieds site, from a CMS to so many other things. Even Matt mustn’t have thought Wordpress would create such a big revolution. College students are making money creating simple plugins that add value in some way. Designers make money selling great designs. For the user no longer does he require tutions of HTML, PHP, ASP etc. Wordpress makes it so easy for everyone to publish.

Sadly there is also an other side to it. Today I read a very interesting post on Wordpress Automation Fraud People looking to use Wordpress as an easy money making solution need to realize pure content created from the mind is what www wants and what Google likes.

There is some great news for readers. Kindle is now available on your Blackberry. Simply down and app and get it started and you have access to over 400,000 Kindle books. All this on your mobile phone.

It would be futile to ask for for all the functions of Kindle on your mobile phone but the app does have the necessary functions like auto syncing the last page read, annotations between different devices, bookmarks and Whispersync to sync between your computer and other Kindle supported devices.

The TV industry sees yet another joint venture. Will an across the shores partnership work this time? From Times Warner to Fox Studios almost every production house worth its name is investing in India. This time its Zee and Mail.

Zee Entertainment Enterprises Ltd (Zeel) has entered into a joint venture with US-based digital media company Mail.com Media Corporation (MMC) to launch an online and mobile entertainment portal.

The company has appointed Arvindra Singh Kanwal, who has 23 years of experience in business strategy, marketing, sales and operations, as the CEO of the joint venture. He has worked Hindustan Unilever, Sony Entertainment Television, Indian Express Online Media Ltd and Rediff.com.

Utiba, a leading global supplier of mobile commerce platforms for mobile operators and financial institutions, today announced its association with MyWay IPTV for its electronic top-up solution.

This association highlights the capability of utilizing a retail presence enabled by electronic media to distribute or collect payment for an electronic commodity and marks the beginning of an interesting trend in the country.

Smart Digivision have entered into long term contract with BSNL and MTNL under the brand name MyWay IPTV to provide interactive video services to customers in 54 large cities across India.

Speaking on the Occasion, Kapil Dev Kumar, Chief Operating Officer, MyWay IPTV said “At MyWay IPTV it is our constant endeavor to provide quality services to our customers. Association with Utiba enables us to provide our customers easy recharge option so that they can enjoy hassle-free, seamless service. We chose Utiba because they have extensive domain knowledge, superior technology and a focused attitude towards mobile financial transaction domain.”

Justin Ho, co CEO, Utiba said “With our association with MyWay IPTV we have taken Electronic top up beyond the telecom infrastructure. This has actually initiated an interesting trend in India where services of providers other than MNOs are paid through pre-funded wallets of the retail chain and the same logic can be extended to a host of other services like utility payments, ticketing etc. We have witnessed success for this model with some of our installations in other countries. This is one step short of the customer eventually using his own wallet to make such transactions. We are very excited about the prospects of these services picking up in India and wish great success to this venture and would like to thank MyWay IPTV to have offered us this opportunity to work with them.

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