That old guy controls 70% of disposable income

Once scorned by the television networks, CBS, NBC and ABC are now pointing to research that shows consumers over 50 spend some $90 billion a year on cars alone. By 2017 they will control 70% of the nation’s disposable income.

Read more: The big bang of 50+ TV viewers,0,4321850.story

Signs your favorite website is in trouble

When a company starts neglecting a site’s design or features, that could mean it’s shifting resources to other projects or running low on money.

EveryBlock, the hyper-local news site owned by NBC, abandoned ship without notice in February. Blogging platform Posterous closed earlier this week, one year after it was purchased by Twitter, giving users two months notice that it was closing. Google Reader, the RSS tool, shuts down July 1st.