Sony and Toshiba Begin Peace Talks on New DVD Format

Sony and Toshiba both express interest in coming up with a new universal standard for the next generation of DVDs. The two companies continue to develop high definition DVD systems but hope to work out this new standard which would be better for all involved.

Cable Companies Unite

The U.S. assets of Adelphia are being acquired by Time Warner and Comcast for $12.7 billion in cash and 16% of Time Warner Cable's common stock.