MyLink also includes a seven-inch, high-resolution, full-color touch screen display that makes media selection easy to navigate.

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"3G unleashes the iPhone's high-res screen, multi-touch interface, full-featured browser and media experiences, " Abramsky wrote in a note to investors Monday.

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This acquisition complements our high touch portfolio of radio, digital, mobile and live event assets and helps us to balance our media footprint from local-to-national.

ENGADGET: Townsquare Media buys what's left of MOG