The recession hasn't squashed the spirit of college athletes, it likely won't slow down the creation of office "bracket" pools, and it hasn't stemmed the tide of online ad revenue flowing into CBS Corp. (NYSE: CBS), which is nearing the end of its 11-year pact with the NCAA for March Madness broadcast rights. (The deal expires in 2013).

A week before the NCAA Tournament begins, CBS has already sold nearly all of its online ad inventory, according to The Wall Street Journal. Just 35 companies -- including Coca-Cola (NYSE: KO) and General Motors (NYSE: GM) -- have bucked up for these streaming ads.

This post is part of our Ads Gone Bad series. Share your thoughts and memories of this ad in the comments, and be sure to check out our other posts on marketing gone wrong.

At the start of the 20th century, two companies that would go on to dominate American industry were locked in a battle over which type of electrical current the country would embrace. The direct current (DC) champion in this War of the Currents was Thomas Edison and his company, General Electric (NYSE: GE), while Westinghouse, now part of CBS Corp. (NYSE: CBS), pushed AC, alternating current, made commercially viable by Nikola Tesla.

To make his case that DC was safer than AC current, Edison conducted a number of public exhibitions in which he
"Westinghoused" -- his term for electrocuted -- cats, dogs, and cows using AC. He also had constructed the first electric chair for New York, which was used in 1890 to attempt the execution of William Kemmler. Unfortunately, those in charge underestimated the current needed, resulting in what was described as a horrifying display of cruelty, leaving Kemmler alive but badly hurt.

Undisuaded, Edison continued his campaign of Westinghousing all sorts of mammals. Meanwhile, Coney Island's Luna Park was puzzling over what to do with its elephant Topsy, who had killed three of her handlers in three years (one of whom had been trying to feed her a lit cigarette). When the ASPCA stepped in to protest plans to hang the animal, the owners struck on the idea of electrocuting Topsy. Edison made sure cameras were on hand to capture the tragic event on January 4, 1903 as 6,600 volts of AC dropped her in her tracks He released the film under the title Electrocuting an Elephant.

This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about the Tiffany Network below in the comments.

If CBS Corp.'s (NYSE:CBS) nickname The Tiffany Network were newly coined, I'd speculate that it referred to the long history of Tiffany's, and how the current CBS viewing public had probably begun shopping there back in the '20s. If the company has a more recently gained nickname, it would be the silver (-haired) network, due to the skewing of its viewership toward the geezer crowd.

In reality, the Tiffany moniker hearkens back to the CBS of radio's heyday and the early days of television. With the likes of Edward R. Murrow reporting from London during the Blitz, Orson Wells scaring the bejebus out of listeners with his broadcast of The War of the Worlds, the hit multi-cultural comedy I Love Lucy, and the iconic western Gunsmoke, the network's reputation for quality was once as glittering as one of Tiffany's diamond-pavéd bracelets.

How the mighty have fallen. CBS, with debacles such as the Katie Couric news anchor stint, now lags behind Fox in weekly ratings.

The Tiffany Network is part of a massive entertainment company with fingers in television (66% of revenues), radio (remember radio?) (12%), outdoor advertising (16%), and publishing (6%). Yes, those are all very 20th century businesses. The question troubling current investors is just how the company will move into the 21st century without swapping all its diamonds for rhinestones?

MAJOR PAPERS:

• The Wall Street Journal's "Heard on the Street" reported that analysts believe investors should take a look at some Indian pharmaceutical stocks, including two of the subcontinent's biggest generics makers, Dr. Reddy's Laboratories Limited (NYSE: RDY) and Cipla Ltd.
• According to the Wall Street Journal's "Heard in Asia," shares of India's three largest tech and outsourcing companies by sales, Infosys Technologies Limited (NASDAQ: INFY), Tata Consultancy Services and Wipro Limited (NYSE: WIT), may be worth a look by investors despite some near-term volatility.

OTHER PAPERS:

• David Letterman is seeking his own deal with the Writers Guild of America which would allow his show to return to air on CBS Corporation's (NYSE: CBS) CBS station in early January even if the strike is continuing, the New York Times reported.
• According to the UK Times, Ford Motor Company (NYSE: F) is expected to name Tata as the preferred bidder for its Jaguar and Land Rover units.