Illinois considers satellite tax; Latino media taking off

Cable industry news from across the Web:

> The Illinois state legislature is considering a new tax on satellite TV customers, and lobbyists for the satellite industry aren't happy about it. In a letter to the Jacksonville Journal Courier, Andrew Reinsdorf, senior vice president of government affairs at DirecTV, and Jeff Blum, senior vice president and deputy general counsel at Dish Network, argued that the proposed 5 percent tax on satellite customers' bills will stifle competition and will give cable a leg up over the satcasters. Article

> Spanish-language networks Univision and Telemundo have long tried to lure advertisers to their networks--and their efforts appear to be taking off. Now, with more than $2.5 billion in annual advertising revenue up for grabs, Latino media has become one of the hottest and most competitive corners of the industry. Article

> According to the NCTA, "cable's broadband invest has remained significant and steady, and is on the upswing." Post

> Turner Broadcasting Systems' TBS network has inked a new deal with Conan O'Brien to keep the late night talk show host on the air through 2018. Article

And finally... Sony reported a $1.3 billion quarterly loss. Article

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