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The Lowdown



Oct. 6, 2008 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson
(DN Journal Editor/Publisher)
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Internet Commerce Association Executive Director Michael Collins was in Frankfort, Kentucky this afternoon representing the ICA at a press conference where multiple parties 

raised vigorous objections to the state of Kentucky's attempt to take 141 gambling related domain names away from their rightful owners. A court hearing on the issue is scheduled for tomorrow. Many parties who would be devastated if local governments were allowed to start confiscating domain names have gone to Kentucky to protest the state's action. The ICA has also filed a legal brief in support of the domain owners targeted in this case.

Elsewhere, the stock market plummeted again today and a new Forbes Magazine article says the credit crunch that is behind the market collapse could hasten the slide of newspapers into oblivion. The Forbes article said "The cash-starved New York Sun went under Monday and on Wednesday the Minneapolis Star Tribune said it was skipping a $9 million quarterly debt payment, prompting worries of a potential bankruptcy. But that's not the worst of it. Standard & Poor's put newspaper giant Gannett (publisher of USA Today) on credit watch, concerned revenue declines could accelerate at the newspaper giant...With the nation's financial system in the grips of a credit crunch, Gannett and the rest of the already-weak newspaper industry are in a tough spot. With sinking credit ratings and tight debt markets will make it tougher for them to invest and survive."

Of course more and more people now turn to the Internet for news. In addition to the usual sources, blogs and RSS feeds making it easy to assemble electronic versions of your own personalized newspaper. Speaking of RSS, Sedo announced today that it would be auctioning off RSS.com through their GreatDomains platform on October 16th. The reserve price will be $750,000

Scene from T.R.A.F.F.I.C. New York 2008

One other note, our new October Cover Story has just been published. The article contains our comprehensive review of the 2008 T.R.A.F.F.I.C. New York conference that ended just a few days ago. The new conference venue in Brooklyn presented a striking dichotomy between two different worlds. Just across the river, Wall Street giants were caught in a free fall that forced taxpayers to cough up $700 billion for a bailout. Yet only a stone's throw away, unbeknownst to the outside world, 350 visionary people were tending to thriving businesses in an industry that continues to have an exceptionally bright future. With the rest of the financial world in crisis, you will want to read this story to see what other industry pros have to stay about the future of domains. Our definitive show review is also loaded with exclusive photos that you won’t see anywhere else.
(Posted Oct. 6, 2008)


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