Reston, Va. - Shares of comScore rose more than 25% by Wednesday afternoon in their first day of trading, hours after the provider of Internet audience measurement services, netted $73.7 million in its initial public offering (IPO). [more..]

San Francisco - News Corp.'s MySpace online social network is set to launch a separate video site tomorrow, MySpace TV, that will feature both user-generated and other content that can be viewed without an account on MySpace, The New York Times reported. [more..]

Salinas, Calif. - Streaming audio and video advertising is on track to grow 38% this year, to $1.37 billion, according to a report from AccuStream iMedia Research. [more..]

New York, N.Y. - Nielsen, the New York-based ratings and research provider, said on Wednesday that it will acquire San Francisco-based Telephia, a provider of syndicated consumer research to the telecom and mobile media markets. [more..]

New York - NBC Universal Digital Media announced on Wednesday that it has made an undisclosed investment in the second round of financing for blog publisher and social network operator Sugar Publishing. [more..]

Durham, N.C. - Funcom, a developer and publisher of online games for PC, consoles and mobile platforms, announced on Wednesday that it has raised $30 million in a private placement, from unnamed investors. [more..]

Redwood City, Calif. - Photo-sharing site Shutterfly said on Wednesday that it has acquired Make it About Me, a publishing company that produces customized children's books including My Adventure on Sesame Street and My Amazing Alphabet Adventures. [more..]

Centennial, Colo. - National CineMedia, the operator of an in-theater digital advertising and programming network, announced on Wednesday that it make an up to $7 million equity investment in IdeaCast, a digital media network in health clubs. [more..]

I love Steve. I love Apple. I’m even open to spending more on a phone than a computer, but AT&T? [more..]

Scott Karp blogs about why he thinks that the iPhone will eventually revolutionize the mobile web use, including mobile video — but without a network to support it, the revolution is not happening just yet. [more..]

LeeAnn Prescott blogs about how well YouTube is holding on to its position as the powerhouse in online video, according the the latest search data.
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Scott Goldberg takes a look at an interesting week in search, courtesy of Lycos, and discovers that the story of WWE wrestler Chris Benoit has everyone captivated. [more..]

Beverly Hills, Calif. - Vuguru, former Disney head Michael Eisner's new independent media studio, said on Wednesday that it has teamed with Dinosaur Diorama Productions, creators of the Web series "The Burg," to produce Vuguru's second original Web series, a follow-up to their Emmy-nominated "Prom Queen. [more..]

Seattle - Broadband video application service provider thePlatform announced on Wednesday that BBC Global News will use its media management and publishing system to distribute short-form video content to YouTube. [more..]

New York - Online video distributor ROO Group said on Wednesday that it will launch 130 online video players for Universal Music UK, which will feature exclusive video content from its artists. [more..]

Springfield, Mass. - Merriam-Webster on Wednesday announced that the complete text of its medical dictionary is the latest free search option to be added to its online dictionary. [more..]

Reykjavik, Iceland - Independent game developer CCP Games announced on Wednesday that it has appointed an in-world economist to cover its massively multiplayer online game, "EVE Online." [more..]

London - Nintendo has announced plans to allow independent developers to create downloadable games for play on its Wii console, GamesIndustry.biz reported. [more..]