The Knoxville News-Sentinel from Knoxville, Tennessee • 23

A 3-Point Play! tour the Hall of Fame ENJOY LUNCH AT THE HALL Take a ride on the Tennessee Riverboat CALI 633-9000 X234 FOR DETAILS JJ May 30 2003 icrosoft to pay AOL $750 million IN BRIEF -News Sentinel KmixXcwHucoin DOW NASDAQ 1171 L574J5 8J1L18 together collaboratively to make the digital decade a reality" Microsoft Chairman Bill Gates said The settlement reflects the push that are making in tne emerging worm of digital media Microsoft has agreed to a long-term license of existing and future digital rights management software which is designed to prevent illegal copying and downloading of dig-italmusic movies and other content to AOL In addition the two companies plan to explore how to integrate their two instant-messaging networks to allow users of one service to use foe software AOL argued that Microsoft made deals with computer manufacturers and others to shut out Netscape and quash competition "These agreements are good news for foe AOL service its members and foe Internet as a said Jonathan Miller chairman of the America Online division "It provides America Online with certainty that as Microsoft develops new operating systems and platforms the AOL service will work optimally with them to the benefit of our members worldwide" "While our companies will continue to compete Dm pleased that weVe been able to resdve our prior dispute and rm excited about the opportunity to work Settlement of suit gives AOL license to Microsoft browser BY Ham JUNG Associated Rais SEJITTU Microsoft Corp agreed to pay AOL Time Warner $7SO million to settle an antitrust suit Thursday over charges it used strongarm tactics to make Internet Explorer the dominant Web browser displacing Netscape Under the settlement AOL-Time Warner also gets free license to Microsoft browsing software for seven years Microsoft also would license its digital media technology to AOL and work with the company to promote digital media initiatives Microsoft will provide technical information to AOL to ensure that its products run effectively on the Windows op-erating system The agreement resolves a lawsuit AOL filed against Microsoft in January 2002 on behalf of its subsidiary Netscape Communications The complaint was one of several private antitrust lawsuits still pending against Microsoft over anticompetitive behavior AOL had alleged in the lawsuit that Microsoft iced anticompetitive business practices to ensure the dominance of its Internet Explorer browsing software over RUSSELL Z16 rail -358 S49bM Investors grab profits after nm-up markets fall Bill would cut windmill taxes NEW YOW-The Dow Jones industrials and Standard Foot's 500 ended their five-day winning streak Thursday as investors gave in to temptation and cashed in their profits Ifech stocks gained on positive reports from the gross domestic product and jobless claims Analysts said a string of largely upbeat economic data in recent days reinforced investor perception that the recovery is back on track but many believed stocks were due for a pullback after their recent rally BYBOtrowm fbwtartknmMdOam Legislation giving a statewide tax break for windmills has been approved by the General Assembly and awaits the governor1 signature The proposal which says wmdmOis mould be taxed at cue-third titenumal rate for personal property clears the way for a Oricagoiased company to build a wind farm atop 3300-foot-tall Buffalo Mountain overlooking Oliver Springs 1 think the right thing to do" state Rep Jim Hackworth TVfTintrw natrJ nf fhp Isolation which was approved TUesday in the House and Thursday in the Senate is a win for the county" Hackworth said The legislation says windmills should be assessed at one-third the normal rate because of the Intermittent nature of wind-powered energy production Even with the tax break Anderson County should receive between $200000 and $215000 a year from the project Hack-worth said Up to 18 huge wind turbines each about 300 feet tall should be spinning on the mountaintop by end said Tun Libson of Invenergy LLC said Card REimers of TVA a great project for Anderson County as well as the state of Tennessee: also a win for consumers looking for alternative fuel sources for clean energy" Invenergy LLC has signed a contract with TVA to bund and See WINDMILLS onC4 Citadel Broadcasting going pubfic at $18 per share VMSHMGION Underwriters for Citadel Broadcasting Corpi Thursday set die terms of the pending initial public offering at million shares with an estimated per share price of $18 according to a filing with the Securities and Exchange Commission On June 6 2002 Citadel filed to sell up to $S75 million in common stock but detail the terms of the offering Citadel said it intends to use the mnceeds to repay $288 million of senior debt under Digital transmission tower on Sharps Ridge nearing completion after 5 months bybmhbnokic For the last month Mike construction crew has been suspended 1400 feet in the air above Sharps Ridge The 10 employees of Canada-based Radiant Construction have been assembling a new tower to provide digital transmission for area television and FM radio stations WVLT-TV Channel 8 public television station WKOP-TV Channel 2 and the University of WUOT-FM are already using the new facilities Construction began five months ago when 100 feet of solid steel were put into place The crew assembled each 30-foot section on the groimd before erecting it Each section weighs 25000 pounds Using a gin pole which looks like a crane the section is strapped to the facte of the tower and hoisted into place Workers then bolt the section down using 15-inch by 7-inch bdts Each bofi can hold 60JXX) pounds "You have to have no fear of Wright said "And a At 7 am a group of four or five men climb into an elevator cage and spend the next 30 to 45 minutes getting to the top of the tower When they leave the cage the workers secured with safety ropes strap themselves to the siae of the structure They often stay on the tower until 5 pan taking their lunch break at the top "It's an adrenaline rush most of the Wright said not really high pressure but it is very labor The crew works long hours six days a week except when the See TOWERS on C4 die credit facility Las Vega-based Citadel is a radio broadcasting company As of May 15 the company owned and operated M3 FM and 63 AM radio stations in 24 Knox board approves 1 $32 million budget US states including WIVK 1077 FM WNOX 990 AM WNOX 991 FM and WYIL987FM Citadel said it intends tr list its common stock on the New York Stock Exchange under the symbol CDL FISCAL 2003-04 CHAMBER BUDGET ADMINISTRATION Includes salaries for president executive vice president vice president of finance and support staff Revenues: $559444 Expenses: $559444 Mortgage rates hit eighth record low this year WASHMGTON -Rates on 30-year mortgages have dropped to a new low the eighth tune this year that has happened Average interest an a fixed-rate 30year mortgage fell to S31percenl this week the third week in a row this benchmark mortgage hit a record weekly kny Fteddie Mac the company reported in its nationwide SAUL Y0UN(VNEWS SENTINEL DM neatly done on the 1400-foot digital transmission tower that has been taking shape on Sharps Ridge over the past five months The tower three weeks from completion BY AMY NOUN notamgtaicwixom The Knoxville Area Chamber Partnership board afdiiectofs on Thursday approved a neariy $37 million budget that tor the first time allocates revenues and expenses to three administrate economic development and member services Raja Jubran foe chairman said the new budget method in-creased accountability to foe organization and that a great improvement" -The budget represents a 20 percent increase over this budget The fiscal year runs from July 1 to Jime30L The partnership will raise membership dues by 3 percent for foe coming year The chamber currently has L747 members including 250 Premier Partners members who pay more than the regular dues to help fund economic development activities and administrative costs Other new money includes $696JXX) for the Jobs Nowl campaign that's aimed at creating 35000 new jobs in East Tennessee Knox County is contributing $4001000 of that amount fo addition Knox County continued its regular $MQQ00 contribution and the city of Knoxville contributed $137750 The city's allocation this year was $100000 and See CHAMBER on C4 MEMBERSHIP SERVICES Includes activities such as a membership directory workshops networking events and the annual trade show: Revenues: $1293584 Expenses: $1747018 DIGITAL TELEVISION Clearer picture the difference between seeing the sweat on a quarterback's face or not when watching a football -Mike Murrell WUOT-FM chief engineer Improved sound sound is like Kstening to a CD" Doug Stallard WVLT-TV chief engineer New IV? Not yet Stations will broadcast both analog and digital streams until 2006 Curtis Allen WKOP-TV chief engineer Far now if you want to watch digital TV you must buy both a digital television and a receiver Allen said DIGITAL RADIO Statie-ftee: Digital eliminates static you often hear when your car is stopped or you are chiving past a large walL New Dk New radios will feature a screen where listeners will be able to see artist and titleu New cars in 2004 should boast digital radios Newmariwts Digital radios will enter major markets in August but not in Tennessee No Tennessee radio station has committed to digital transmission although with the new tower WUOT-FM is equipped to broadcast a digital transmission SourcK Mto Mural WUOT-FM chtaf angina survey Last S34 percent had been the previous low in figures going back to 197L Records that reach back earlier indicate the rate is the lowest in more than four decades economists said For 15-year fixed-rate mortgages a popular option for refinancing rates remained unchanged at 473 percent this week the lowest since Freddie Mac began tracking them in 199L ECONOMIC DEVELOPMENT Includes efforts to recruit new jobs as well as retain and expand jobs at existing industries Revenues $L341D09 Expenses $1313558 Atlanta fishes for downtown visitors BYBMMNCHMOUBOnY Asaociited Proa Tburism officials groundbreaking ceremony Scheduled to open in 2005 the aquarium would be one of the Suooessfol aquariums in other cities such as Baltimore and Chattanooga have transformed Bemie Marcus cofounder of Home Depot unveils artist renderings of the Georgia Aquarium his gift to the city are counting on a new multi- worlds largest dumpy downtowns into suc- million-ddlar aquarium to at- Officials hope the world- cessnu tourism hubs and At tract tourists and give people class aquarium can reshape lanta officials are hoping the a reason to visit downtown At- downtown Atlanta which has same will happen here lanta been a hot spot for conven- City officials estimate the Flans for foe proposed $200 tions but lacks the attractions aquarium will attract L2 mil-million Georgia Aquarium of a family-friendly destina- fion to L5 million visitors a year were unveiled Thursday at a tion to die downtown area WC FEUVHSSOCIATED PRESS a InsktaiStocks C2-4 1 Dilbert C4 j-.