Telecomm billionaire dismisses podcasting
updated 04:45 pm EDT, Wed July 13, 2005
Podcasting dismissed
Although podcasting has been heralded by some as the next big thing in telecommunications, Mark Cuban has . Cuban is the billionaire owner of the Dallas Mavericks NBA team who made his fortune selling Broadcast.com to Yahoo! in 1999. In a posting on his blog, the tycoon wrote, "Creating your own podcast and trying to make a business out of it is a mistake." He explicated that, "Podcasting is right where streaming [content] was about ten years ago... Try to find any of the many that created original content for Pseudo.com, TSN, Eyada.com, Broadcast.com and others that I have long forgotten." Podcast backers include Viacom's Infinity Radio, Disney's ABC News and General Electric's NBC News.
