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Bono applauds Radiohead for the method used to release 'In Rainbows'

Despite criticism by Irish band U2's manager Paul McGuinness over Radiohead's method for releasing In Rainbows last October, U2's lead singer Bono has published an open letter in NME disagreeing and applauding Radiohead for the album and how it was released. McGuinness told the BBC in early June that the method was "a failure and backfired" because "it still resulted in over 60%-70% of listeners acquiring the album through illegal channels."

Bono's letter to NME, printed in last week's issue, takes a sharp left turn from his manager's opinion, calling Radiohead "courageous and imaginative in trying to figure out some new relationship with their audience." Bono also remarked how "blessed" he feels "to be around at the same time" as "a sacred talent" like Radiohead. U2 have recently taken steps to reach their audience, joining forces with Live Nation Inc. (NYSE: LYV) in a deal that will market their music and concerts with related products from one location.

U2 is still signed to Universal Music Group for the band's record releases, which may have been one reason McGuinness came out against the method Radiohead used last year. Neverthless, the disagreement between manager and lead singer is insignificant compared to the applaud Radiohead continue to receive from fellow artists. Trent Reznor of Nine Inch Nails, a band that was also signed to Universal Music Group, has also come out in support of Radiohead's method, even though he, too, took issue with some aspects of it. Reznor has since released two NIN albums the same way.

U2 signs long-term deal with Live Nation

According to the BBC this morning, Irish rock band U2 have signed a 12-year deal with Live Nation, Inc. (NYSE: LYV) on top of the band's deal with Vivendi's Universal Music Group. The deal will see the band consolidate previous arrangements and connections with Live Nation and includes merchandising, digital, and branding rights. U2 follows Madonna into an extensive contract with Live Nation, although record releases were included for Madonna.

Financial arrangements between U2 and Live Nation have not been disclosed, but it would not be surprising to see the band enjoy a similar deal to Madonna, who reportedly signed for $120 million over 10 years. Both deals are part of a larger trend of so-called "360 degree deals", according to the BBC, where artists "combine their recording, publishing and touring revenues." U2's lead singer Bono told the BBC as well that U2 and Live Nation had been in a "relationship for 20 years" so the new deal has been a long time coming.

U2's move is quite unsurprising given the latest trends for artists, but it should be noted that record label Universal retained a relationship with the band. As previously stated, Madonna's deal included Live Nation taking charge from Warner Music Group (NYSE: WMG) to release her new albums (after the upcoming release). The fact that Universal was able to keep U2 in some degree means that either a larger deal for the release of albums was already in place, or the record labels are seeing the shift and making amends to keep artists in traditional outlets.

Money Face-Off Big Winners: Oprah, Tiger Woods, Ivanka Trump, Erin Burnett

It's been three weeks since our Money Face-Off feature ran here at BloggingStocks and on AOL, offering you the opportunity to share who you though had the financial edge in a series of twenty head-to-head match-ups. So I thought I'd take another look and see how things have worked out.

It's hard to pick just one big winner. In terms of the largest lead over a rival, Ivanka Trump easily beats Paris Hilton with 89% of the vote. Others holding big leads over their opponents include Tiger Woods, Warren Buffett, Steven Spielberg, and Rupert Murdoch.

In terms of receiving the most votes, the clear leader is the Oprah Winfrey vs. Martha Stewart match-up, with just short of 150,000 votes. Other big vote getters were Tiger Woods vs. David Beckham, Rudy Giuliani vs. Michael Bloomberg, and Bill Gates vs. Steve Jobs. In terms of the liveliest discussions in the comments, the winners are Oprah Winfrey vs. Martha Stewart, Erin Burnett vs. Maria Bartiromo, and Bono vs. Angelina Jolie. Also check out the comments for the J.K. Rowling vs. J.R.R Tolkien, Tiger Woods vs. David Beckham, and Ivanka Trump vs. Paris Hilton posts.

As for the face-off posts here that got the most attention, the clear winner is Erin Burnett vs. Maria Bartiromo, with more than 13,000 hits. Lindsay Lohan vs. Britney Spears and Oprah Winfrey vs. Martha Stewart also attracted lots of readers.

Results for all the face-offs follow below, but keep in mind that the voting is still open. It's not too late to add your vote or let us know what you think.

Continue reading Money Face-Off Big Winners: Oprah, Tiger Woods, Ivanka Trump, Erin Burnett

Forbes Media headed to the market?

According to an article in yesterday's New York Post, the Forbes family-owned media business may come onto the market within the next two years, either as a direct sale or in an IPO. Last year, the family formed Forbes Media, including the namesake magazine web site, and affiliated properties, and sold off a minority chunk of it to the Bono-led private equity firm Elevation Partners. That deal was rumored at $250-$300 million for a 40%+ stake.

Forbes has done better than most in transitioning to the internet, pulling in over 12 million visitors to its web site per month, according to Compete.com, very near the readership of the Wall Street Journal web site. According to the Post, Forbes Media is currently valued at around $750 million, meaning half-a-billion dollars of equity could be up for grabs.

The move would be consistent with the family's ongoing divestiture of Forbes assets. In July, it announced the intention to sell the Manhattan headquarters that long served as Forbes headquarters. The building was not part of the Elevation Partner's purchase. It is expected to bring as much as $140 million.

Money Face-Off recap: Oprah and Tiger and Buffett, oh my!

It's been a week since our Money Face-Off posts ran here on BloggingStocks, and less than that since the Money Face-Offs were featured on the AOL welcome page, and the response has been terrific. Many of the face-off polls have had more than 50,000 votes, a couple of them approaching 100,000.

The biggest response came to the Oprah Winfrey vs. Martha Stewart match-up. So far, about 75 percent of respondents feel that Oprah is the more successful media magnate. Not that much surprise there, as Oprah's fans are legion. Interestingly, though, of the twenty-some comments the post has received, most of them are pro-Martha.

Another clear leader is Bill Gates over rival Steve Jobs. About three quarters of poll votes have gone his way, despite all the buzz recently about Apple Inc. (NASDAQ: AAPL) and the popularity of its products. Maybe readers are just happy that Gates is stepping down. Let us know what you think.

Alan Greenspan seems to be everywhere these days, promoting his new book, including Comedy Central's The Daily Show and NPR's Fresh Air. In our match-up of the current and former Fed chairs, Ben Bernanke vs. Alan Greenspan, more than 70 percent of respondents have voted for Greenspan. Comments to the post are mixed, but seem to me to focus on Greenspan, whether pro or con.

Continue reading Money Face-Off recap: Oprah and Tiger and Buffett, oh my!

Money Face-Off: Bono vs. Angelina Jolie

This post is part of our Money Face-Offs feature. Let us know who you think comes out ahead in this head-to-head match-up, and check out our other Money Face-Off posts.

In October 2005, I went to hear Bono, the lead singer of rock band U2 and global poverty-fighter, at New York University. He wasn't there to sing, although he was met outside the door by a crowd of adoring fans. He was there to advocate for the world's poor, sick, and hungry, sharing top billing with renowned economist Jeffrey Sachs.

During his talk, Bono explained how Sachs was his mentor, teaching him about the roots of poverty in the developing world, traveling with him to Africa, and convincing him it was possible to end global poverty. But lately, he lamented, when he called Sachs, he was told, "Sorry, he's with Angelina Jolie."

That line brought down the house. At that point, film actress Jolie was just coming under Sachs' tutelage. She was an increasingly important celebrity advocate for the poor, but she had nowhere near the creds of Bono, who was that year nominated for a Nobel Peace Prize and named Time magazine's person of the year.

Fast forward two years and the picture has changed a bit. Bono is still large on the world stage as a humanitarian, social activist and rock star. But Jolie, in large part due to constant media focus on her relationship with actor Brad Pitt, has lately become a more prominent fixture in the news media.

Jolie has been a Goodwill Ambassador for the United Nations Refugee Agency since 2001, but her involvement with Pitt starting in 2005 has increased her influence. Marketers now rank her among the most influential celebrities in the world. She has been photographed repeatedly on UN missions to Africa and Asia, adopting three children from Cambodia, Ethiopia and Vietnam.

Continue reading Money Face-Off: Bono vs. Angelina Jolie

Apple breaks into Forbes' top ten most admired companies

For the first time, Apple Inc. (NASDAQ:AAPL) was named to Fortune magazine's most admired companies. The annual Fortune survey asked businesspeople to vote for the companies they admired most, from any industry. Apple ranked 7th overall and 2nd within the computer company segment, behind International Business Machines Corp. (NYSE:IBM).

This survey ranked companies based on eight key attributes of reputation: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long term investment and quality of products/services. Apple's industry rank was all 1's and 2's for everything, but social responsibility. Maybe its red iPod Nano Aids effort with Bono and U2 didn't cut muster with the voters?

Don't expect to see Apple leaving this list in years to come as Apple's competitors have watched it upend industries from computers to music, and now it has one of the most anticipated products in years -- the iPhone.

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Last updated: November 10, 2009: 06:56 AM

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