Los Angeles - News Corp.'s (NYSE: NWS) MySpace this week announced plans to host a concert in Kuwait for U.S. troops that will feature performances from Jessica Simpson, the Pussycat Dolls, Disturbed, Filter and DJ Z-Trip. The March 10 concert, produced with the Department of Defense's Armed Forces Entertainment and America Supports You program, will be webcast live at the Operation MySpace website. MySpace also intends the site to be a hub where troops' families and friends, as well as the entire MySpace community, can post videos and messages of support via a video blog. MySpace will also produce a one-hour version of the three-hour concert for national broadcast on FX on April 12.

Los Angeles - Facebook has pulled an interactive ad campaign for Universal's "Untraceable" due to its gruesome torture depictions, Variety reports. The campaign, created by marketer Picture Production Co., gradually unveiled more graphic elements of a torture sequence from the film as more users visited the film's Facebook page. "I am surprised and disappointed that Facebook has taken this action," PPC head of interactive Dan Light told Variety. "These sorts of social media campaigns are the only way to be competitive at the moment.

New York - The Harry Fox Agency (HFA), which issues licenses and collects royalties on behalf of 35,000 music publishers, said this week that it has licensed All Access Today's Live in a Flash service, which offers concertgoers the chance to purchase a USB wristband after the show containing a copy of the performance. "To walk out of show literally wearing the songs on your wrist is a cool option and it extends the live experience beyond those 90 minutes or so on stage," said Gary Churgin, president and CEO of HFA.

Cambridge, Mass. - OneHen.org, an interactive website developed by Sapient and designed to engage and educate children, parents and teachers on the benefits of microfinance and ultimately stimulate a call to action, announced its launch on Friday. Through games and activities, the site introduces important financial concepts such as entrepreneurialism to help children "understand how they can make a broader impact,"Sapient said.

San Bruno, Calif. - Google's (NASD: GOOG) YouTube plans to launch a live video streaming feature later this year, co-founder Steve Chen told video blogger Sarah Meyers on Pop17.com. "Live video is just something that we've always wanted to do, we've never had the resources to do it correctly, but now with Google, we hope to actually do it this year," Chen told Pop17.com, according to a transcript posted by TechCrunch.

New York - Managers of top recording artists are considering legal action against major record labels, saying that Universal, Warner Music (NYSE: WMG) and EMI are dragging their feet in distributing hundreds of millions of dollars in settlements from copyright infringement lawsuits against file-sharing firms like Napster and Kazaa, the New York Post reported. "Artist managers and lawyers have been wondering for months when their artists will see money from the copyright settlements and how it will be accounted for," attorney John Branca, who has represented Korn and The Rolling Stones, told the Post. "Some of them are even talking about filing lawsuits if they don't get paid soon."

Los Angeles - Major record label Universal Music Group, a unit of Vivendi, announced that it will acquired the Latin music recording and publishing division of Spanish-language media firm Univision Communications, effectively making it the largest player in the U.S. Latin music market.

Washington - Still awaiting approvals from the Justice Department and Federal Communications Commission, D.C.-based XM Satellite Radio (NASD: XMSR) and New York-based rival Sirius (NASD: SIRI) said on Friday that they have extended their merger deadline until May 1. Both companies have expressed optimism about receiving the necessary regulatory approvals, although some analysts have expressed concerned about the delays in recent weeks.

San Diego - Video-sharing site Veoh is looking to raise $40 million in new financing and has hired Bear Stearns to facilitate the process, Silicon Alley Insider reported.

Redwood City, Calif. - Just days after rejecting a $2 billion unsolicited takeover offer from Electronic Arts (NASD: ERTS) (EA), video game developer and publisher Take-Two Interactive (NASD: TTWO) said in a regulatory filing that it has since received "informal indications of interest" from other potential suitors.

In recent weeks, Low Power Television stations have been the center of attention in Washington in connection with the Digital television transition. While all full-power television stations are set to convert to digital operations less than a year from now, ceasing analog operations at the end of the day on February 17, 2009, there is no specific deadline for LPTV stations to convert to digital. As the NTIA rolls out its coupon program for the purchase of converter boxes that will take digital signals of over-the-air television stations and convert them to analog for those who do not have digital television receivers (see our summary here), LPTV advocates noted that many converters do not pass through analog signals.