ipodnn: general

07/13/2005, 4:45pm, EDT

Wednesday, July 13th

Telecomm billionaire dismisses podcasting

Although podcasting has been heralded by some as the next big thing in telecommunications, Mark Cuban has dismissed its potential. 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.


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