'Tis the season of the owner. Forget players. Owners are all the rage in sports. They're threatening to close down the National Football League and the National Basketball Association.
In Washington, they're threatening the First Amendment. In New York, the Mets' owners are accused of being in cahoots with Bernie Madoff's Ponzi scheme. In Los Angeles, they're even making a fine mess of the Dodgers by getting divorced. I can't recall the last time owners made the tabloids getting divorced.
A year and a half ago, this cholesterol-fighter, sold as Livalo, was approved by the Food and Drug Administration for sale in the United States. By that time, though, the statin Zocor, for years Merck's best-selling medicine, and Pravachol, a hit for Bristol-Myers, had lost patent protection and were available as cheap generics. Pfizer's Lipitor was still going strong for people who wanted a brand name.
On Tuesday, Apple announced that users will be able to subscribe to magazines, audio and video services using Apple's App Store — the same one-click system they've used to buy applications and music on their iPhones and iPads.
It's exactly what was predicted when Apple and News Corp. presented a newspaper called The Daily, which will publish exclusively on the iPad.
The catch? Apple wants 30 percent of the money from each subscription.