NBC enters download biz, Apple aims at living rooms

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The New York Times reports on two new developments in the race to get ahead in the “My Time” media biz: NBC created a new company that will distribute video to various Internet sites and reportedly take a 50 percent split of the ad revenues. And Apple CEO Steve Jobs yesterday unveiled a wireless device, dubbed iTV, that will pull video and music from the computer to the television. Apple also announced the pricing structure for downloads of new movies offered by its iTunes online store.