Vonage Holdings announced Thursday that CEO Michael Snyder resigned and that it plans to lay off 10% of employees and to reduce marketing expenses by $110 million on the eve of a federal appeals court hearing in its legal fight with Verizon Communications.
The Eye became the latest big-media company to focus sharply on the Web: CBS announced content-licensing deals with 10 online partners to make its broadcast and cable programming available free-of-charge to viewers on the Internet.
The Georgia Senate Wednesday overwhelmingly approved a bill that will give both incumbent operators and telephone companies the choice of negotiating local franchises or applying to the state for certification.