FMcanada.com plays the Net

Article Abstract:

FMcanada.com has launched its ambitious online radio network in seven cities. Internet surfers can visit the company's Web site www.fmcanada.com. From there they can download free media software and tune in to a selection of channels, which each offer a specific type of programming. Fifty music channels in the seven cities are available, from alternative rock to "groovin" oldies. FMcanada.com is believed to be Canada's first cross-country Internet radio service. The site allows listeners to pause and play songs and skip selections if they wish. Currently, the online radio stations are commercial-free. However, the company expects increasing Internet traffic to help generate the site's first on-air advertising revenue over the next few weeks. The Canadian sites began initial testing July 13 and to date have attracted roughly 5,000 listeners. Analysts believe that building local content is key to the future success of Internet radio. Local advertisers account for about 75% of the close to $1-billion in advertising revenue generated annually by private Canadian broadcasters.

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Web radio changes tune of broadcasters

Article Abstract:

Many startups are launching ultra-specialized Internet programs aimed at wooing away lucrative niche audiences from incumbents in the music industry. Internet radio, which first surfaced about five years ago, allows anyone with a computer, media player software and Web access to listen to radio broadcasts from around the world, and increasingly, to thousands of programs designed especially for cyberspace. However, traditional radio and advertising communities are viewing the Internet onslaught with skepticism. Broadcasters can charge a premium to reach a specialized audience but it is an open question as to whether Internet radio is the most effective way to reach those listeners. Local advertisers account for about 75% of the close to $1-billion in advertising revenue generated annually by private Canadian broadcasters. On-line audiences are expected to grow as wireless Internet technologies spread.

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Imax cutting 13% of work force

Article Abstract:

Imax Corp (Mississauga, Canada), the giant-screen motion picture company, is cutting 130 jobs from its 1,000-employee workforce. Of the layoffs, 45 will occur in Canada from consolidation of manufacturing operations at it Sheridan Park plant in Mississauga. Around 85 jobs will be lost at operations in Birmingham, AL. Imax operates 221 big screen theatres globally, of which seven theatres are run by money-losing cinema chains.

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