From BusinessWire: "Digital broadcast network Heavy announced the completion of a $3 million financing round led by Baystar Capital. This investment will allow Heavy to focus their attention on growing the Heavy brand and creating an offline property.

"Additionally, David Pachter, former senior vice president, business development for Interactive Video Technologies (IVT), has been named president and COO effective immediately. David Carson and Simon Assaad will continue their roles as Heavy's co-CEOs, with Carson overseeing creative and Assaad continuing to drive distribution, sales and partnerships.

Read the press release here.

Additionally, according to VentureWire, the company says it expects to be profitable by the fourth quarter. As of now, there's no advertising on the site, and the only visible means of revenue on the site is an online clothing and "gear" store.

If you can handle the bandwidth requirements, we highly recommend a visit to Heavy, one of the more popular online "time-wasters" here at the RAIN office. It's very nicely designed, with great style, and a sense of humor. Home of the popular "Behind the Music That Sucks" series, Heavy.com also features cool games, animations, videos, and a hip Heavy Radio.

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From Radio Ink: "While it may seem obvious that the new name (Troy Research) reflects Founder and President Bill Troy, the new name was actually chosen for different reasons. Jonathan Little, VP/Sales, explained, 'We remain committed to our role as the leader in Internet-based research for radio, but over the last few months we have been working for more and more clients outside radio; we needed to move to a new name that would be less industry-specific'...

"According to Little, this actually reflects a transition that has been taking place behind the scenes for quite some time. Little added, 'In 2000, we began working for clients in the television, political, music and advertising industries. We just decided the time was right to embrace that trend and move to a name that fits our increasingly diverse client base.'"

Read the entire story here.

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This is in response to reader feedback (here) on our review of the ZeePad Internet radio appliance (here).

"In fact 30 feet is more appropriate."

Both Mr. Rocky Caldwell (Thomson Multimedia) and Ronald Pace (Akoo.com) are right!

We are aware about the fact that FCC will never tolerate such transmitting power! In fact 30 Feet (10 meters) is more appropriate.

Let me tell you that ZeePad is working perfectly well (on any FM radio, in any room), right now in a Paris apartment of 100 square meters.

Philippe de Renty, President UtiSAT Corp. for ZeePad

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