Reports Gigaom.

I had no idea they didn’t.  For once I agree with the labels.

If it happens it should be a boost to faster penetration of new mediums and formats (e.g. Pandora over 3G straight to your car radio).

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Says GigaOM.

It’s not that they have less money so much as they’re repurposing it to getting their later-stage companies past the crisis (there is no exit market right now).