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USA Edition | Today Is Tuesday, May 21, 2013 |
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Welcome To Newsroom Magazine
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Thanks To You We're Growing Faster Than Ever Before
Chances are you've noticed that Newsroom Magazine is a very different publication.
We care about journalism -- and we're well aware many other organizations do it far better than we.
Our editorial standards, rules of custody, and skeptical editing for everything we produce, disseminate or expose to public viewing reflects a seriousness of purpose.
Six years after our founding, Newsroom Magazine continues to evolve the online publishing and preservation model we pioneered.
There is good news to share: Newsroom Magazine is is thriving.
And some less good news: Our limited resources, both journalistically and financially, are limiting our expansion of content.
Online News Preservation
In the six years since its founding, Newsroom Magazine has extended the field of news publishing into previously uncharted areas.
We take a long range view of news -- one that considers both timeliness and historical merit.
What we do, and how we do it, was not possible in the print media era -- for our content is both timely and timeless in the sense that we share the power of immediacy with all online media plus the perseverance of an encyclopedia.
Newsroom Magazine's publishing model goes beyond immediacy -- for unlike the newspaper era -- what we publish is permanently preserved. And tagged, indexed, and constantly updated by automated sitemap sharing with Google, Yahoo, Bing, Yandex, Baidu, Sogou, Ewatch, Alexa, Facebook, and others at home and far away.
All of our content, is meant to be preserved. Thanks to the capture and storage of our content at Google, including all updates and changes, and full collection archiving by the U.S. Internet Archives, everything we say, write, opine -- whether wise, foolish, or inconsequential-- is preserved.
Newsroom Magazine content remains forever online, searchable and accessible 24 hours a day worldwide.
What's Hot Is Rarely What Matters
What we publish today is rarely as timely as the more traditional publications and online newspapers. What we choose to publish, sometimes days or months after a story first breaks, or on a subject neglected by most commercial media, is chosen to reflect one aspect of an ongoing reality for long term preservation.
From a handful of English-only readers when we published our first article -- the 1958 Edward R. Murrow speech before the Radio Television Directors Association in Chicago -- we have grown and wizened about our responsibilities to our readers and our own limitations and shortfalls.
Our most read article so far this year, The Adventures Of Bernie In Wonderland, was published November 23rd, 2009. The article consists of the unexpurgated SEC interview of Harry Markopolos in the Bernie Madoff Ponzi swindle case. It is not very interesting reading and it is very long -- but we published it in the belief that what it revealed was important and unlikely to remain online in its original format.
Newsroom Magazine's Storehouse Grows Every Day
The number of publications who devote themselves to publishing credible, responsible and probative content for posterity has dwindled.
Today Newsroom Magazine publishes a storehouse of credible, probative and relevant content -- well over 5000 articles including commentaries, essays, definitions, photographs, stories, reviews, discussions, tutorials, and logical explanations.
Our readership is nearly three times was it was only last year. Few might come to our content for entertainment -- for our purpose is otherwise.
If You Publish, They Will Come
We are read on Capitol Hill, along K Street, and in the halls of government inside the beltway and around the world.
We are read daily on college campuses at home and abroad. We're visited from military ships at sea. We serve law-firms, major corporations, Wall Street the UK Parliament, state governments and cities with credible useful information.
Some of the world's most prestigious news organizations use Newsroom Magazine for fact-checking.
Government Information Unfiltered, Sometimes Imperfect
The amount of official news proffered each day by government, whether at home or abroad, is accelerating. Some of it newsworthy, most of it not.
Our job is to thoughtfully choose what's worthy of the attention of our readers.
About 1% of government issued news we receive each day qualifies as newsworthy. Only the most relevant, or reflective of government at its best, or at its worst, or evidence of overreach, or ineptitude makes it newsworthy.
We leave the issue of deciding which if any of these qualifications applies to what we publish up to the reader.
Formatted For People On The Go, Or On The Hunt
All of our government news content includes above the headline call out meant to convey the principal facts, action or information for those with little time to read a long document.
Our job is to carefully and skeptically choose relevant governmental content for our readers -- and to include the unexpurgated original source material, whose chain of custody we control.
Online Editorial Standards, Ethics And Purpose
Our commitment to time-honored journalistic standards and a clear statement about the ethics to which we agree to be held today and tomorrow, Newsroom Magazine began publication when the Internet was young -- 2006.
Our prime mission then, as now, is to publish non political ideas, definitions, essays and editorials.
To speak to the state of this honorable calling.
And to inform the public about those things, events and ideas that matter most to us all.
Today, tomorrow, forever.
Editorial Standards & Policies
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PCIe switches are important components in many computing, communications and consumer products. The combination of IDT and PLX would hurt competition and lead to higher switch prices, lower innovation in the marketplace, and reduced customer service.
Richard Feinstein, Director, FTC Bureau of Competition
Washington
FTC Issues Complaint Seeking To Block Integrated Device Technology, Inc.’s Proposed $330 Million Acquisition Of PLX Technology, Inc.
Combined Firm Would Have 85 Percent of Market for Specialized Computer Switches
December 19, 2012
The Federal Trade Commission issued an administrative complaint seeking to stop electronics component manufacturer Integrated Device Technology, Inc.’s proposed $330 million acquisition of PLX Technology, Inc., a deal that allegedly would give the combined firm a near-monopoly in the market for a type of integrated computer circuits called PCIe switches, which perform critical connectivity functions in computers and other electronic devices widely used by American consumers and businesses. The Commission also authorized the staff to seek a preliminary injunction in federal district court or other relief necessary to stop the deal pending a full administrative trial.
“PCIe switches are important components in many computing, communications and consumer products,” said Richard Feinstein, Director of the FTC’s Bureau of Competition. “The combination of IDT and PLX would hurt competition and lead to higher switch prices, lower innovation in the marketplace, and reduced customer service.”
Headquartered in San Jose, California, IDT is a publicly traded company that makes a range of semiconductor components used in communications, computing, and consumer applications. In its last fiscal year, the company had revenues of $526.7 million, of which it attributed $19.6 million to its PCIe switch business. IDT currently is the number two firm in the world-wide PCIe switch market, behind PLX. Under a merger plan signed on April 30, 2012, IDT proposes to acquire PLX for approximately $330 million.
PLX is a publicly traded company, with its headquarters in Sunnyvale, California. In 2011, it had sales of $115.8 million. PLX has about 200 employees and designs a variety of integrated circuits, including PCIe switches. PLX is the industry leader in PCIe switch manufacturing and sales.
PCIe switches are complex integrated circuits that use the PCI Express data transfer standard to enable interconnections between computer processor chips and various endpoints in computer systems, such a memory or graphic cards, by creating additional contact points between a computer processing unit and these devices.
According to the FTC, IDT and PLX are each other’s closest and most direct competitor in the nearly $100 million world-wide market for PCIe switches. IDT’s proposed acquisition of PLX would give the combined firm a share in excess of 85 percent of the market, according to the FTC.
The FTC’s complaint states that customers traditionally have used the competition between IDT and PLX to play one company against the other to achieve lower prices, and that the proposed transaction would eliminate this beneficial rivalry.
The intense competition between IDT and PLX has benefitted the companies’ customers, the complaint states. In the past, competition between the two firms has led them to offer lower prices, more innovative features, and better customer service.
In addition, the complaint alleges that the proposed acquisition would lead to an increase in pricing power by the combined IDT/PLX for PCIe switches. Combining the two dominant firms in the market, the FTC contends, also would lead to higher prices, reduced innovation, and lower-quality products for consumers. For example, IDT and PLX also are the only firms offering 3rd generation PCIe switches today, and this head-to-head competition would be eliminated by the proposed acquisition. The two companies also compete by offering a range of customer support services to their customers.
IDT and PLX also compete to improve their products by adding innovative features and functionality to their switches. For example, IDT was the first company to offer a switch function called spread spectrum clocking which reduces electromagnetic interference, and PLX had to respond with a similar offering to remain competitive. The complaint alleges that the proposed acquisition would eliminate this innovation competition between the two companies.
The Commission vote approving the administrative complaint was 4-0-1, with Commissioner Maureen K. Ohlhausen recused. The administrative complaint was issued today, and a public version will be available on the agency’s website shortly. The evidentiary hearing is scheduled before an Administrative Law Judge at the FTC, beginning on May 20, 2013.
The Commission vote authorizing the staff to seek a preliminary injunction in federal district court also was 4-0-1, with Commissioner Maureen K. Ohlhausen recused.