Quincy Smith, the high-profile CEO of CBS Interactive , is planning on leaving his job at the media giant in January to start an advisory firm in Silicon Valley, according to several sources. But, in an interesting twist, Smith (pictured here) will remain an adviser to CBS (CBS) under a multiyear contract, sources added, making it his first client. UPDATE: CBS confirmed the move BoomTown earlier reported, in a press release below. Apparently, Smith will focus intently on video monetizat

We have heard a lot about a Android device called the Motorola DROID. Motorola has finally released a press release making the phone official. The phone will be the first phone to run Android 2.0, Google’s latest update to the Android operating system. It will also be the first phone with Google Maps Navigation, which gives turn by turn voice directions. The DROID is launching on Verizon on November 6 and will cost $199.99 with a two-year contract and mail-in rebate. Check out the full press rel

What will transportation look like in the future? MotoCzysz and Indian based Bajaj seem to have their theories, and the two companies have announced a joint-venture that will explore the next generation of automobile. Releasing a vague press release, we suspect the two companies are in the process of creating prototype hybrid vehicle that will explore a form factor and design not previously seen in the automobile industry. More from the announcement after the jump. The MotoCzysz/Bajaj press r

This week, Mokulele Airlines and go! Airlines have agreed to join efforts as inter-island air carriers. After combining, go! Mokulele will become the second largest inter-island carrier behind the leader, Hawaiian Airlines . You can read the full announcement here . If you have tickets booked on either go! or Mokulele, you probably won’t notice much of a difference, at least initially. From the Press Release, “Passengers will continue to book reservations on both go! (visit www.iflygo.c

[Press Release - Released By FOX] Multi-platinum recording artist and Grammy Award winner Carrie Underwood will headline CARRIE UNDERWOOD: AN ALL-STAR HOLIDAY SPECIAL (working title), a two-hour variety special airing Monday, Dec. 7 (8:00-10:00 PM ET/PT) on FOX. Underwood will perform new music from her upcoming album as well as previous hits and holiday classics. She will be joined on stage by special musical guests and chart-topping artists including Dolly Parton, Brad Paisley and David Cook