and most importantly, michael's share of the sony/atv catalog. when he bought the catalog that the beatles songs in it for $47.5 million back in 1985, that is now worth $1 billion to $1.5 billion of real money. cnn just learned that deep inside that catalog, amongst the beatles and elvis' music was the catalog of little richard. you know, tooty fruity, good goly miss molly. we talked to little richard today and found out that shortly after michael bought that catalog, he quietly and his lawyer, john branca, went over to see little richard, sat down with him and said, look, little richard, you have been so important to my life, you've made such an impact in music, here, we want to give you your music back. at the same time, it was worth, what, $4 million to $5 million in revenue streams each year. ultimately, they couldn't work out the details with sony, but little richard told us today, and he'll be at the services, both the private memorial and the public memorial tomorrow, he told us today that that indeed happened and that it meant so

do you think restructuring at sony is finally paying off? >> it's a combination of restructuring and some luck and some genuine good selling products. we would expect it to come through more as the year progresses so that it is entirely possible that by the end of the year this is a break even target. which if you consider where they were three or six months ago is a fantastic achievement. they've had a bit of luck. the yen stopped appreciating. they have had a bit of a behind fall gain from the michael jackson phenomena. but also they're starting to bring out products that people are really excited with. we will see the new psp go will be released in september. i think people will view that as a serious competitor to nintendo's ds. going forward, you're looking at products which do rival apple's iphone coming out. so we're seeing a change in heart, a change in performance at sony at last. >> it's funny because you mentioned how sony is doing better on the psp front but anybody tendo reporting a slowing man for its wii consoles. will nintend

there are more steps with the sony.nstall software on your computer, down load the book and transfer it with the usb cord. for e-readers on the go, the wireless kindle is easier to use. lesli foster for 9 news now and wusa9.com. >> in the mail bag tonight, racism or perceptions of it. last night i asked if you thought there had been an increase in racial understand debts since the election of president obama. kenneth describes himself as white and retired. >> i'm thankful that president obama won since it shows the campaign based upon hope struck a chord in the hearts of all people and all classes -- another says there is plenty of racism but it is not from white folks. first of all, you are throwing around a lot of numbers that i can't verify. are there this great number of black on white crimes that go unreported. in my experience crime in low income neighborhoods go unreported regardless of the race of the victims and the converse is true in the good neighborhoods. it is just more unusual and i can't speak for other

my dad still has a sony walkman. when he actually goes out and walks the dog in the morning. >> wasn't there an e-mail that teenagers were shown the walkman and it was like something from another planet. they couldn't figure out what they were looking at because it was so big. >> took that sony walkman on the street to do a little reporting 30 years after it was introduced. what is this, how does this work. kids today probably have never even seen a tape nor never will. >> no, but they're using facebook.com, that's for sure, facebook.com, twitter to get messages out. sarah palin now tells us a little on her facebook.com page. >> she had a couple of quotes which again you have to read into much like her speech the other day. but here's one quote. now, these are the same principles, of course, she practiced as a governor. it goes on. >> how she gets more than 140 characters on her status update. >> i don't know. the entry there about energy independence, stronger national security, less government intervention, much-ne

it will be available every format includes the sony reader, the amazon kendall and everybody that says we went to offer this book and i believe they can buy the book today. >> host: how important are that the book to our business? >> they represent growth and a way to continue reading in another form and format. the e-books potential how readers read a book is very significant. i also think in this world everything happens so quickly we sometimes have been able to get books out faster in e-books format we did this last year of public affairs with george soros book on the financial crisis we release it as the e-books at the but it took 56 weeks to get the of

is supply company which supplies panels for dell, hp and sony fell in the june period. that figure, however, was narrower than the loss in the first quarter thanks to recovering panel sales and prices. au's biggest rival, samsung electronics, reports tomorrow. shares of au and its rivals are looking at this at this time. au up 0.4%. samsung down 1.5% and lg display up 0.3%. elsewhere, president obama says it's closely monitoring the standoff between china and australia over the detention of chinalco employees. meanwhile, action and transparency was called for in response to the case. >> it needs to be more open with what the reasons are and, in fact, if charges are to be laid, they should lay them. but, you know, the relationship

the electronic giant sony posted a loss but smaller than forecast, so traders were upbeat. oil also jumped above $67 a barrel in asian trading this morning after jumping over 5% here on thursday. its biggest one-day gain since april. on wall street yesterday before a late-day dip in trading, the s&p 500 pushed to its highest interday level. the nasdaq briefly rose above 2,000 for the first time since october. ge's parent company of this network gave the dow its biggest boost on speculation from lawmakers that the company may not have to sever its finance arm, g.e. capital. that sent shares soaring nearly 7%. >>> also, fueling traders, the number of americans filing for unemployment last week was several thousand less than wall street expected.

sony ericsson has come out and said, look, we think the global demand for hand sets might fall again this year. these companies are doing well on cost cutting and generating better than expected numbers. but when they say demand is still going to be weak or falling, what does that mean for investors? do you have to go for a company that is increasing market share or does that make you wary of any consumer products? >> that's absolutely right. what they've said is demand is still falling. what happens with any recession is people are perceiving that within a recession one minute and we're out of a recession the next. this is not the case. these companies, electrolux,

they've really crushed sony.uy a stock that's so far up ahead of the quarter but remember, i think they need to buy one share of apple. that $100 -- jim, april sl too high. i said divide it by ten. just consider it to be $15. buy one share. apple is better than sony. i want to thank george in virginia for asking about hhgreg. i did my home work. big secondary coming. on that secondary, buy, buy, buy and stay with cramer. >>> coming up, jim goes fast and furious as he faces a nonstop barrage of calls giving stock after stock their final verdict on "the lightning round." >>> and later, what's his take on the fate of cit? find out on the outrage of the day all coming up on "mad money." taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. diarrhea, constipation, gas, bloating. that's me! can i tell you what a difference phillips' colon health has made? it's the probiotics. the good bacteria. that gets your colon back in balance. i'm good to go! phil

>> at the moment, it's still the property of sony, to my belief. >> and so, financially, does sony reapoes the jackson family trust? >> ultimately sony and the jackson family. because the jackson family will receive royalty income there the sale of those recordings. >> again, as a music executive, what was it about michael jackson that allowed so many of his staunch fans to ignore the other headlines in his life? the controversy in his life, and continue supporting him, it seems, unconditionally? >> his greatness. his uniqueness. it doesn't matter what genre of music, artist or fan, whatever they liked, they always looked up to michael jackson. i mean, it could be bono, bruce springsteen, madonna, they all revered michael jackson. >> but in the years he was making headlines for all the wrong reasons, did that severely impact his marketability? >> no one likes bad news. i think at one point in time, when the accumulation of all the bad news was there, it certainly did have an effect. >> tommy mottola. obviously someone who worked with michael a long time. 15 years while at sony. good to

. >>> sony is getting into the netbooks game. the company is launching it next month.f a hardback book and works on lower-grade hardware than other sony laptops. it will sell for about $600 and be available in white, black and pink. >>> yahoo making it easier to organize searches. launching search pad, a program that automatically saves your results when it notices you're doing research. users can then add their own notes, delete entries, reorganize them, print their list or e-mail it. >>> finally, young kids getting on-line faster than their parents and older siblings. a new study finds nearly 16 million kids, ages 2 through 11 were on line in may making up almost 10% of internet users. over the past five years the number of kids on-line has grown by 18% compared to just a 10% increase among all internet users. but you can bet some of the youngest kids are sitting on their parents' lap while they surf the web. for information on all these stories log on to the technology page of abcnews.com. those are your "tech bytes."

>>>>owow explain h how sony got involved. k kep saying s snyny atv. >> yeah. atat w a merger that happened in1995 w wen jckson was having some financialdiffffictities, h puput atv u u for s see an sy, thth w was likely ptntner for at merger. and as i understand it,, sonyny bought atv f for$90 millionon, which is tcece the original vevestnt. and it bececam a merger, 50-50. michael j jacononnd sony. >> jackson o oft used this publishing catalogg as collateral, corrrrec >> that's s rit.t. he's borrowed a lotof momone he spt a lot of meyeynd borrowed a lot o o money. anand yeye he hahas used thehe atv catalog as collateral a and also us his own publishing company which is calledmy jack as collateral. >> so hehe ownwn s ownsosos as well. ththat a nenemaking machine, is publishingng h has. >> very much . i meaean lot o of people don't rereale that he was a great t businessman. i anan,it's hardrd tbebeeve becaususe o ovepentso much,, but i think veryry elyly on, he understoodod tt entertainment t a business, i am in n a sisiss. and made some realallyooood ves. >> rr

the dow jones starts down 20 points and nasdaq off sony turned in sony turned in a quarterly loss of390 million. the stronger yen slammed its bottom line. electronic sales also continue to suffer in the global recession. the company doesn't see things getting better anytime soon. it kept its forecasting for red ink ahead. >>> communities in california, florida, and nevada top the charts in foreclosure activity for the first half of the year. realty tracks rates the las vegas area has the highest rate of foreclosures at 7.35%. the cape coral, for tt. myers rn was second and merced in california came in third. >>> one more news from our new poll, more americans believe the economy is getting better. 32% say that, up from just 21% as recently as two weeks ago. as for the stimulus, only 4% say it's created any jobs, but more than half say it eventually will. 41% say it won't. michelle. >> all right. i believe in positive thinking, so let's keep that going. >> yes, let's keep our fingers crossed. >> claire, thank you. >>> just north of salt lake city a 7-year-old boy went on a sunday driv

this but they've really crushed sony. i don't like to buy a stock that's so far up ahead of the quarter but remember, i think they need to buy one share of apple. that $100 -- jim, april sl too high. i said divide it by ten. just consider it to be $15. i want to thank george in virginia for asking about hhgreg. i did my home work. big secondary coming. on that secondary, buy, buy, buy and stay with cramer. >>> coming up, jim goes fast and furious as he faces a nonstop barrage of calls giving stock after stock their final verdict on "the lightning round." >>> and later, what's his take on the sat of cit? find out on the outrage of the day all coming up on "mad money." >>> it's time. it's time for the "lightning round." what is that about? rapid fire calls. you say the name of the stock. i tell you whether buy or sell. just to be clear. i do not know the callers or stock questions ahead of time. my staff prepares these on the fly. this sounds means nothing. this is the lightning round. are you ready? steve? it is time for t

be more steps with the sony.nstall software on your computer, down load the book and transfer it with a usb cord. for e-readers on the go, the wire al kindle is a lot easier to use. heim lesli foster for 9 news now and wusa9.com. >>> just in came for the summer reading amazon introduced the kindle bx. it is bigger than the kindle ii. it is designed to read newspapers easier. it is $429 but amazon cut the price of the original kindle to $299. i happen to have an e-reader right here and i use it. it does have a touch screen which is nice that the kindle doesn't have, it is also back lit but it can't down load things so i'm thinking of getting a kindle. go to wusa9.com and click on living smart. >>> michael jackson's father tells abc news he believes foul play was involved in his son's death and the l.a. police chief say he is not ruling out anything until the coroner's report is final. two weeks after his death, michael jackson's family is trying to decide where to lay the pop star to rest. >> reporter: according t

>> what we look at is not the second quarter from sony ericsson or nokia. it's rather what are the earnings capacity of these companies, alcatel-lucent, nokia, in 2010 and beyond? this is really what will determine the mind-set of long-term fundamental investors later today and probably also in the coming weeks. >> this is scott. is a recovery for the hand setmakers more at risk because they're so overly reliant on consumer demand? >> that is clearly a short-term risk and has been the big headwind in the recent past. it's also the upside with those with exposure to the emerging markets. we still have pent up demand in parts of southeast asia. but as a highlight in which i think the stock market perhaps is not fully appreciates, there is the capacity in terms of the overall hand set supply and we do believe that competition will intensify very significantly in short order. >> hi. it's churam choudry here. can you mention your views on how you pure receive nokia or others in the industry are managing their costs? for example, how significant are things like e

was he still under contract with sony?s he still had the sony contract till 2011. but the executors of his will, the administrators of his will are old hands at the music business. if these are released, they will work out some good deal that will certainly benefit his estate, benefit his family. >> fascinating to think that multiple albums could come out and they will sell like hot cakes, let's face it. >> oh, for decades, yeah. >> they already will. for a long time, you're right. wish we had more time. we've got to run. kim, dr. daniel spitz, anita kay, we appreciate it. coming up, we're going to update you on just a brutal story, ghoulish story. illinois cemetery, hundreds of graves dug up. and relatives are horrified because the heart of this is that these graves were dug up so that the people at the cemetery could resell the plots. it's part of our "what matters" segment. richelle carey coming up to update you on that. stay with us. >>> it seems like a story that only gets worse. we're talking about the historic afric

the 1.2 million people is sony records. sean: you are more nuts defending michael jackson then i am over sarah palin. -- than i am. he is the only person i have seen on television telling the unvarnished truth. the guy in -- what was wrong with him that he needed to change his facial features? look. i looked at him when he was 5 years old with the jackson five. this kid was gifted by god. in terms of his singing and dancing abilities, and he was incredible. sleeping with children. >> and why all the adulation? >> the point is this. i am only trying to say that this is the week that he is being buried. he has got a family, and he has got children. at the very least, we could hold off on this until next week. i am not defending its actions or anything else. -- his actions or anything else. i thought peter king certainly cannot prove it, and peter king ought to just keep that in mind. sean: paul ol pot was never foud guilty. -- >> pol pot was never found guilty. >> i cannot believe this. now we are comparing him. a drug addict

was he still under contract with sony? there are some reports he had the sony contract till 2011.teors of his will are old hands at the music business. i think if these are released, they will work out some good deal that will benefit his estate, benefit his family. >> fascinating to think multiple albums could come out and they will sell like hot cakes. they already are and for a long time. wish we had more time. kim, dr. daniel spitz and anita kay, we appreciate it. we touched on the speculation of michael jackson being addicted to painkillers, reaching out to doctors and dentists for prescription drugs. it is called dentist shopping. scoring that next fix out of the yellow pages. here is thelma gutierrez >> reporter: kenny morrison used to be a sous chef at a top los angeles restaurant. >> married, house on the beach, very corporate job. >> reporter: within a couple of years he lost it all because of a habit. you started with codeine, graduated to vicodin. how many pills were you taking at the height? >> at the height? i was taking probably 20, 25 a day. >> reporter: kenny didn

they are going to over -- i think ag is overtaking sony in flat panels.trong as they are going up in mobile phones. so i think i'll be optimistic for tomorrow. >> gathearhart, it's bertha hern the united states. from intel's outlook, it seems we're down on inventories, but we've gotten reports from samsung, from qualcomm. where do you see where we are? >> well b i mine, many of the ceos involved start, steven jobs, and samsung, lg, they say we are in a foggy situation right now. it's hard to predict. those which are hardest hit are the electronicmakers. they are in a really terrible situation. so judging from that, that means the orders are down so that means that semi conductormakers, especially the japanese ones are -- they see a very difficult future ahead. on the other hand, if you look at tvs and mobile phones, they aren't doing that badly. so i think if you are supplying, for example, samsung against ag for chips for their phones, i think in that case you should be in a fairly good position. >> gerhard, thank you very much for being with us, gerhard

with a sony camera and sony software. >> everybody can do it if they've got the talent. >> and why paused in time? >> well , it's a title i came up with and i thought hip hop in general was at a stag nantd stage, nothing -- i mean, it was the same music, everything, so i thought it was just, you know, pausing time literally like nothing was changing. >> is hip hop going to be -- by the way we're going to continue because this is a fascinating subject so you can meet us at wjz.com and we'll continue it. in the big scheme of things is hip hop going to be like big band? it encompassed this period of time, it started, it ended, life moved on? >> i don't -- it all depends on the artist and the labels. that's how i figure it. because if you let people come in with their ideas and their originality, then you can never -- it can never end, because everybody has their own story, everybody has their own experience. therefore, i mean, it's life basically. . >> wow. >> listen, we've got to leave the on-air portion of this, but you guys go hang out and we'll go ahead and continue this. it's really noo

had this sony contract until 2011, but, of course, the executors of his will, the administrators ofare old hands at the music business, so if these are released they'll work out some good deal that will benefit his estate and family. >> fascinate to go to think that multiple albums could come out. and they will sell like hot cakes. guys, wish we had more time. kim, doctor daniel spitz and anita kay, we appreciate it. >>> besides the music, we touched on the speculation about michael jackson being addicted to pain killers and reaching out to doctors and even dentists for drugs. it's a shared secret among addicts, scoring the next fix straight out of the yellow pages. >> i need the hot water. start cleaning all of this up. pasta should be done. >> reporter: cokenny moreson us to be a sue chef. within a couple years, he lost it all because of a habit. >> you started with codeine, and graduated to vicodin. how many pills were you taken at the height? >> at the height, i was taking probably 20, 25 a day. >> reporter: kenny didn't buy his drugs on a street corner or get them from a dope d

and then the genius at sony. it is comfortable. it goes with many things. take this cup. people have been drinking out of them for thousands of years. they have been driving for years. goblet's for wine? no. who would have thought the great characters of europe -- it took convenience stores to make a funny plastic thing that you put on the window of your car and it tips into the most sensitive part of your body. detroit and the other auto centers of the world, japan, for example, realized this little indentation, you put the cup in there and you are away with cars. now, if you buy a car or anything else, there are cup holders. finally, the masterpiece of human invention -- the wheel. this is a wheel on luggage. wheels have been around thousands of years, and it took us thousands of years to realize that if we put wings on everything, we could put it around. so be careful. you do not always need millions of dollars to invent things to see how you can apply to what you have. the radio, the cup, the wheel on luggage. there are many other such things. if you get it right, you

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the electronic giant sony posted a loss but smaller than forecast, so traders were upbeat. oil also jumped above $67 a barrel in asian trading this morning after jumping over 5% here on thursday. its biggest one-day gain since april. on wall street yesterday before a late-day dip in trading, the s&p 500 pushed to its highest interday level. the nasdaq briefly rose above 2,000 for the first time since october. ge's parent company of this network gave the dow its biggest boost on speculation from lawmakers that the company may not have to sever its finance arm, g.e. capital. that sent shares soaring nearly 7%. >>> also, fueling traders, the number of americans filing for unemployment last week was several thousand less than wall street expected. driving stocks today, the dgp report is due out. analysts show it will shrink the economy 1.5% from april to june this year. economists hope the slower rate of shrinkage will be a sign the economy may have hit bottom. >>> keep an eye on walt disney. after the bell, disney reported a 26% plunge in its third quarter earnings report. sha

he has about 325, $350 million loan secured by his interest in the company called sony atv music whichs catalog. that's the big one. you know, everybody wanted him to sell it for his whole -- the whole time he's had it so he would have money and he refused to do it because he knew that was his leverage. >> larry: will it work now? could he sell it now. >> i'm not a lawyer, are you, i think the situation to settle the estate, they have to sell it to sony. by the way, that's the deal. >> larry: so that would get him out? >> that would get him out and a nice piece of change besides. then there's about $50 million against neverland held by a company called colony capital and a very smart guy named thomas barrack junior. >> larry: what's neverland worth? >> hard to say in this economy. they had this idea of turning it into graceland putting all his tchotchkes into it and bringing people up there. but it's not possible because neverland is on a long country road. it's two lanes. there's no way to do it. the people of the neighboring towns don't want it. and i think it will be sold eventually

he went to cairo and spoke to the sony world and said we don't have problems with islam, which is true. -- the sunni world. but we do oppose radicalism and tourism. the question is, where is the reciprocity? he stretches his arms and the arm is not met and shaken in moscow in peace, that will be a very disappointing thing, because then the question will rise about the efficacy of the stretched hand. some people will interpret that as being a bit naive or full of good intentions but not realistic enough. there is a discussion about realism in front policy. you were there. you remember that. realism -- >> realism is one of the most abused terms of political discourse. almost as out of place as "reset." >> realism is not about being a well wishing, naive, a beazppea. i'm not saying obama is, but he needs a real achievement for people to support him. >> i also think there was always in inevitability that the obama administration approach on this was right on. he's been on a nonstop apologetic toward around the world with regard to the past u.s. policies and behaviors. that was fine for him

he went to cairo and spoke to the sony world and said we don't have problems with islam, which is true. -- the sunni world. but we do oppose radicalism and tourism. the question

ultimately, they couldn't work out the details with sony, but little richard told us today, and he'lle at the services, both the private memorial and the public memorial tomorrow, he told us today that that indeed happened and that it meant so much for him, for michael jackson, who -- and that's the best part of michael's story we don't hear a lot about, that humanitarian side. >> there were rumors, nothing that were ever confirmed a few months ago that michael wanted to amend his will to have the beatles catalog, to have those rights return to paul mccartney on his deaths. it is a major possession. but nobody really knows how to put a value on that right now. the whole music business is in such disarray, very hard to know what the worth of a publishing catalog is right now. >> also, what we have to understand, john branca is the person who engineered that purchase all these years ago. he's someone who does understand music publishing, understands it well, and while the music industry may be crumbling, publishing is the one thing you can continue to make money on. remember, you have t

if youook at it another way, amazon may be the equivalentith the its kindle of the sony walkman, ande cold behe equalent of the aol or google -- aol or yahoo weon't really know which way it's going to go. i think that the eoks are goi to be another form of distribution. mean this is the literary equivalent of plumbing. and this is a form of distribution. >>suarez: but when a new titlis ready to be released tohe public, would yu rather that people buy blck ink onaper and no yet buy it in eltronic form? do you have some ofit that you want to make up front from selling it for 25 bucks? >>t's to the going matt to thepublishers. because we are still charging the same amount. amazon is taking lot on the books that it's buying and elling the a lower price. >> srez: what do youtell your authors aut timing. and what do you want from plishers? i mean uld you raer have somethinnew come out to protect your thor on paper and only later have it ce outf digital form? >> lot depen on what the nature of the book is. r a work of history, civil war history, world war ii history, a new novel, those e no

not a lawyer, you are -- but i think the situation is to settle the estate, they have to sell it to sony that's the deal. >> larry: so that would get him out? >> that would get him out and a nice piece of change besides. then there's about $50 million against neverland held by a company called colony capital and a very smart guy named thomas barrack junior. >> larry: what's neverland worth? >> hard to say in this economy. they had this idea even before michael died of turning it into graceland. putting all his tchotchkes into it and bringing people up there. but it's not possible because neverland is on a long country road. it's two lanes. there's no way to do it. the people of the neighboring towns don't want it. and i think it will be sold eventually and turned into a corporate compound or a private home or a vineyard. >> larry: but they control it. >> colony capital controls it with michael's estate. it's a 50/50 deal. >> larry: how long is this going to go on, mark. >> media sensation? >> media sensation -- >> media sensation is going to go on at least until after the memorial servic

. >> sony pictures is going to release a movie, sony is going to release a movie, they paid $60 million the rehearsal footage that went on. aeg had 100 hours of rehearsal footage. the movie is going to come out october 30th and it will show michael very involved in all aspects of the show not just doing a moonwalk. >> roger, that deal has to be approved by the probate judge. john branca negotiated that, right? >> yeah. the jackson estate gets 90% and aeg gets 10%. the film is going to show that michael was completely in charge of his own faculties. >> larry: what keeps the legs going in this story? >> there are so many branchs. >> larry: the star is gone. >> no. that is not true. there is more music coming out. we are going to hear music from michael jackson for years. there is one estimate that movie could make $350 million at the box office. people are fascinated by michael jackson. he has been humanized with that horrible footage on fire. we see a different side to this man. people are looking at his art and this bizarre soap opera around his life. >> larry: do you think people feel

we had a lot of lending support from the market by sony and fujitsu.n south korea, foreign investors pouring money into the stock market. blue chips helped lift the kospi by 1.5%, 1,557. in shanghai, stocks are bouncing back to mark their biggest one-day gain in two months. all this despite bearish bank lending data. the shanghai composite up 3,412. meantime, the hang seng rose 1.7% and australian stocks rose to an eight-month high. the s&p/asx 200 closing up 1.28%. on that note, let me send it over to you, bertha. >> thanks, christine. today, the main headline will be the second quarter gdp number that's due out at 8:30 a.m. new york time.. we are expecting to see the fourth straight consecutive quarter of downside momentum in the economy, but not as bad. also today, we get the second quarter employment cost index. that's expected to show that bit of improvement there, as well. it's going to be released at 8:30 a.m. new york time. it's forecast to have ris risen 0.3%. then at 10:00 a.m., the chicago pmi, purchasing manager's index is out. that is expe

. ♪ the "hollywood reporter" says sony has purchased jackson's rehearsal video from aeg by $60 millionve it in theaters by halloween. tmz is reporting that aeg filed papers to be part of a hearing on michael jackson's estate next month. a big part of that estate as you said is the song catalog jackson bought in the '80s for 48 million, which is now valued at over a billion, owned jointly with sony atv. filled not just with some of the beatles songs but now it's songs by eminem, the jonas brothers, lady gaga. and the "new york times" reports that kkr is interested in making a bid for that catalog too. >> that is fascinating. thank you so much, jane wells. we do have breaking news, and we're going to head to john harwood for that. >> reporter: rebecca, president obama in that town hall meeting in cleveland talking about health care, acknowledged the news from senator harry reid, the democratic leader today, when he said that it would not have complete senate action by the august recess. the president of the united states said that's okay, i just want them to keep working. his goal is sti

if you look at it another way, amazon may be the equivalent with the its kindle of the sony walkman, google could be the equivalent of the aol or google -- aol or yahoo!. we don't really know which way it's going to go. i think that the ebooks are going to be another form of distribution. i mean this is the literary equivalent of plumbing. and this is a form of distribution. >> suarez: but when a new title is ready to be released to the public, would you rather that people buy black ink on paper and not yet buy it in electronic form? do you have some profit that you want to make up front from selling it for 25 bucks? >> it's to the going matter to the publishers. because we are still charging the same amount. amazon is taking lot on the books that it's buying and selling the a lower price. >> suarez: what do you tell your authors about timing. and what do you want from publishers? i mean would you rather have something new come out to protect your author on paper and only later have it come out if digital form? >> a lot depends on what the nature of the book is. for a work of history

sony pictures, 20th century fox, paramount and universal pictures are all bidding for distribution and d.v.d. rights to 100 hours of film footage for the king of pop rehearsing shortly before he died. the paper also says jackson's estate and his l.a.-based concert promoter expect to fetch as much as $50 million for the footage rights. big money there. that's business news at the new york stock exchange. i'm michelle steele, bloomberg news reporting for wbal-tv 11 news. lisa and mindy, back over to you. >> thanks. we'll see you back here at 6:15. >> 5:23. 63 degrees on tv hill. coming up, another look at your morning commute with traffic pulstrafficpulse 11. >> and e-mail your answer to the "watercooler question of the day." what is your favorite memory of the legendary journalist walter cronkite? email your response to watercooler@wbaltv.com. >> long before there was a space station there was mercury, gemini, then apollo. and it was 40 years ago today that mankind stepped on to the moon for the first time. >> and today we're getting a better look at their mission. tom costello reports.

you say play puccini, 12 sony speakers... play puccini. you say get me to the game, you get there step by step. with our voice activated sync technology, no one speaks your language like we do. we speak the 2010 ford fusion. get in... and drive one. >> larry: want to ask mark geragos about debbie rowe. her former attorney says she might have a claim for the children. here's how she was treated by on-the-street reporters. watch. >> are you ready to fight for your kids, debbie? are you ready to fight for your children? are you ready to fight for your children? >> do not touch me! >> nobody touched you. >> you just did! don't! >> are you ready to fight for your children? >> are you ready to get your butt kicked? >> are you willing to take a cash settlement for the kids? >> larry: that's the tease. we get mark geragos reaction. whether she had a shot. first, on the roof, anderson cooper with a preview of tonight's "a.c. 360." what's tonight, anderson? >> well, larry, like you were covering the latest on michael jackson. >> on the eve of michae

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nintendo and sony reported on thursday that console sales are dropping.t week microsoft said its x-box division lost money last quarter. that could force the companies to cut the prices on their consoles or add extras. >>> here's one example of how bad the condo crisis has gotten in south florida. there's just 1 family living in this 32-story luxury high-rise in ft. myers. the garbage service is spotty. the power has been shut off to all of the other floors. the owners say they're actually worried about their safety after recent break-ins. but their mortgage lender will not let them move. and the building's owner says there's nothing they can do about it. >> unbelievable. >> got to get pretty lonely in there. >> like a ghost town. >>> coming up next on this friday morning, smoothing over racial tension. what americans are saying about the events that led to last night's white house happy hour. >>> and reunited. the cast behind one of tv's most successful shows plans a new project together. two medium cappuccinos, you're ready for the mid-morning rush than

nintendo and sony reported thursday that console sales are dropping.ast week, microsoft said its x box lost money. that means console prices will probably come down or the companies will add more extras. nintendo hasn't cut the price of the wii since it was released three years ago but it may start throwing in free games. >>> and usa today's ed begg toasted out yahoo's home page. >> i like it quit a bit. probably the main feature is this my favorites panel along the left side of the screen. this is fully customizable so you can add lots of third parties to this panel. it doesn't have to be yahoo properties. you'll find facebook, ebay and usa today and several others. >> reporter: you can read ed's column every week on usa today's web site. >>> you've probably seen the video on youtube and now you may own the song. millions have watched jill peterson, kevin heinz and wedding dance party dance down the aisle on the video sharing site. the song they are dancing to chris brown's "forever" has shot up the charts. >>> there's no reason to blame the dog for e

. >> reporter: jackson's record label sony has been scrambling to meet demand.ey plant churning out cds. >> right now it's crazy. it's back up to you can get overtime calling everybody in ♪ >> reporter: for an artist whose work has been overshadowed by his personal life the surge in popularity and profits is perhaps the ultimate vindication. >> this is really the opportunity finally for people to feel like they can remember what it was that they loved about him. >> reporter: and retailers expect the trend to continue for months as details about jackson's death slowly come to light. a long final encore for an artist whose music -- ♪ because this is thriller >> reporter: remains a thriller. eric horng, abc news, chicago. >>> of course, so much has been made about those ticks to the staples center. some of them are already on ebay. some of the lucky people that got them are selling them. i saw one for $8,000. >> abc your place for live coverage starting at 1 p.m. eastern. >>> stay with us for "good morning america." robin roberts is live in l.a

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>>reporter: for companies like sony ericsson, there's no question that maintaining and increasing market share during this recession is crucial and the answer is online. >>hoornik: the whole landscape is completely changing so one hand economic downturn, on the other hand the whole digital space is changing so rapidly and i think now the web becomes our center of gravity in our advertising strategy. >>reporter: but ultimately the key to success during these difficult economic times may be knowing who you are as a company. >>woodford: i think the brands that stick to their long-term values are the brands that do things best but also reflect the pressures that people are under. >>reporter: so when it comes to advertising, the 21st century's first recession may mean reverting to one of thebasics of marketing: the customer is king. >>abirached: still to come on world business... >>abirached: a third of the world's population suffer from vitamin and mineral deficiency, but a joint strategy aims to tackle the problem with help of the private sector. >>abirached: and we have an interview with t

the military's prewriting offer a video game industry for to release my reasons -- one is sony, microsoft, nintendo, they spend tens of millions of dollars design in the professors system to fit your hands so why not just of the design? the other aspect is they spend tens of millions of dollars training you and the use of it so right menu showing you can figure out how to use it very quickly. now, the challenge is that they are finding for example when using the same controller in seeing it through a video screen the difference between a training exercise in the real exercise is only in your head in, it's only how you interpret it, it looks almost the same so that puts the burden on the unit leader a lot more and a final notice, this ethical end. one of the people and that of was a special operations operator and he was back for the hunt for the top al qaeda died in iraq and he said anything that makes it easier to kill is not a good thing. i thought that was a real resonance quote coming from probably one of the mostly the people in our entire force, and giving us this morning that you d