Earlier today, Sony and Toshiba announced that they are looking for a way to create a universal DVD format that both parties can agree on instead of competing against each other with separate formats. Nothing is official at the moment, but one DVD format makes sense for everyone, especially consumers. Click to read more.
In other news, cable giants Comcast and Time Warner announced an agreement to buy out bankrupt Adelphia Communications Corp. Both companies will divide Adelphia's subscribers. Click to read more.
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