Los Angeles - News Corp.'s MySpace online social network has begun using information its 110 million active members post to their online profiles to target them for ads, the company said yesterday. [more..]

Cupertino, Calif. - Apple plans to nearly double production of its iPhone in the fourth quarter, TheStreet.com reported, citing people familiar with the company. [more..]

Washington - SoundExchange, the music industry entity that collects and distributes digital royalties, announced yesterday that 24 small webcasters have signed an agreement that would extend the "below-market" music royalty rates they have received since 1998 through the year 2010. [more..]

New York - Unlike NBC, whose TV shows will disappear from Apple's iTunes Store after the companies failed to reach an agreement on pricing and other issue, the CEO of CBS said on Tuesday his company will not enter into the dispute, Reuters reported. [more..]

New York - Warner Music Group chief Edgar Bronfman hinted that his company, which had been adamant that it would not sell music without digital rights management (DRM) technology, might be open to doing so in some instances, Reuters reported. [more..]

Toronto - QuickPlay Media, a provider of content management and service delivery technologies for mobile TV and video services, announced on Wednesday that it has raised $15 million in its third round of funding, led by Ventures West. [more..]

Somerville, Mass. - LocaModa, a developer of mobile Web applications, has raised about $6.2 million in its first round of venture capital, according to its CEO, Stephen Randall. [more..]

San Francisco - Keibi Technologies, a provider of moderation and classification services for managing user-generated content, on Wednesday announced its official launch and said it has raised over $5 million in funding from Catamount Ventures and Hunt Ventures. [more..]

New York - Dan Rather has sued CBS, Viacom, and executives Leslie Moonves, Sumner Redstone, and Andrew Heyward for $70 million. [more..]

The Lightsabre, an iconic weapon, fictitious though it may be, will finally make it to fans’ hands as it was announced today the new game Star Wars: The Force Unleashed, developed by LucasArts, will sport the device via Nintendo’s Wiimote controller. [more..]

Kanye West and 50 Cent released albums on the same day last week, and West outsold the latter by a mile, 937k to 691k, though it was the first time ever that two different artists sold more than 600,000 albums in the first week. [more..]

Chris Crocker, a 19-year-old from Tennessee, tearfully went nuts on YouTube following the negativity about Britney Spears' VMA performance, and 8 million people watched. Now he's getting his own reality show. [more..]

Jay Baage posts a video interview with Andrew Cleland, Executive Director of Time Warner Investments - the venture arm of the world's biggest media company - in which he explains why he is long on investments in Online Video, Social Networks, Gaming, Virtual Worlds and Mobile. [more..]

I wish there was a universal button that I could just put on my blog to let someone connect to me via LinkedIn, Myspace, Facebook, Flickr, Twitter, and whatever other network I choose to set up, blogs Rohit Bhargava.
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"All publicity is good publicity." It may have been true at some point, but it certainly is not true today. Nor will it be true forever more, according to Mark Cuban.
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New York - Hip-hop artist Kanye West's third album "Graduation" has established a new one-week digital sales record, logging over 132,000 album downloads in the week following its release on Sept. 11. [more..]

Los Angeles - Microsoft plans to introduced its second-generation Zune digital media player on Oct. 16, Engadget reported, citing a source inside Microsoft. [more..]

Culver City, Calif. - Sony Pictures Digital Entertainment said on Wednesday that it has merged its marketing and production group with Sony Pictures Imageworks, and will now be known as Imageworks Interactive. [more..]

Los Angeles - MySpace and MTV on Wednesday announced details for the first of their Presidential Candidate Dialogues, which will be held on Sept. 27 at the University of New Hampshire, and feature John Edwards. [more..]

New York - Digital music retailer eMusic on Wednesday added a new feature to its service that automatically moves tracks purchased on eMusic to libraries in iTunes, Windows Media Player or Winamp -- a function that previously had to be done manually. [more..]

Berlin - The Orchard, a digital distributor of independent label music, said on Wednesday that it has licensed its music, video and ringtone catalog to U.K. wireless carrier 3 UK, for use across the company's unlimited, full-track mobile download service. [more..]

Washington - Washingtonpost.com said on Wednesday that it has launched a new interactive feature that will examine controversial claims and statements made by presidential candidates involving important national issues. [more..]

Redmond, Wash. - Microsoft's MSN said on Wednesday that it will now host entertainment industry news and opinion content from Variety.com. [more..]

Washington - XM Satellite Radio said on Wednesday that it will launch next week a radio channel -- called P.O.T.U.S. '08 -- devoted to the upcoming presidential election. [more..]

New York - Viacom's Nickelodeon children's network announced that it has partnered with consumer electronics maker Imation on a new, higher-end line of branded consumer electronics for kids. [more..]

New York - RealNetworks said on Wednesday that versions of its popular online casual game title, "Super Collapse 3," will be released for the Sony PSP, Nintendo DS, and mobile phones. [more..]