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back to article Woz backs internet video start-up

Apple guru Steve Wozniak and Red McCombs, a co-founder of advertising behemoth Clear Channel, are backing an internet start-up which uses compression to improve online videos. Currently being used to run a site for flogging secondhand cars, they believe the high quality videos can be used in various ecommerce sites. Hotswap …

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Clear Channel advertising behemoth?

Clear Channel may sell a lot advertising space, but not advertisements. Clear Channel is a primarily radio/billboard company, owning thousands of radio stations and billboards. They also own TV stations but are in the process of selling the division off...

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Anonymous Coward

Compression??

which uses compression to improve online videos.

so they are divX clips then?

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Red McCombs

Also benefactor of the University of Texas Red McCombs School of Business and attempted purchaser of an NHL team (can't remember which one, a Canadian one, IIRC).

Someone once called Clear Channel the Microsoft of radio, but they're more like the Walmart. And all the Democrats in Congress point at them as a reason for more regulation of the airwaves.

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