Washington - The European Union has accepted a compensation package the U.S. has offered, in response to its withdrawal from World Trade Organization (WTO) agreements on gambling and betting services. [more..]

Los Angeles - Dozens of members of the Writers Guild of America (WGA), which is currently on strike over DVD and online payments, have formed a number of groups that are seeking venture capital investment for new businesses that will publish original content on the Web, the Los Angeles Times reports. [more..]

Denver - Universal Music Group and XM Satellite Radio have reached a deal that will see Universal drop its lawsuit against XM, over a satellite radio receiver that can save individual songs for later listening, Billboard reports. [more..]

Paris - French broadcaster TF1 is preparing copyright infringement and unfair competition lawsuits against video-sharing sites Dailymotion and YouTube, which will seek a total of $217 in damages, Variety reports. [more..]

London - The British Board of Film Classification (BBFC) has applied for a judicial review of a recent appeal that successfully overturned its ban on the sale of Take-Two Interactive's violent "Manhunt 2" game in Britain, GamesIndustry.biz reports. [more..]

New York - Video game developer and publisher Take-Two Interactive announced on Monday that it has opened a new development studio in Novato, California. [more..]

New York - Viacom's MTV Networks has taken an equity stake in GoFish.com, a video entertainment site, and will distribute some of its content through the site, according to an SEC filing. [more..]

New York - Live Gamer, an online platform for real-money trading of virtual property in massively multiplayer online games and virtual worlds, on Monday debuted its service and announced $24 million in venture capital financing from Charles River Ventures, Kodiak Venture Partners and Pequot Ventures.

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Paris - Streamezzo, a provider of mobile entertainment applications, announced on Monday that it has secured over $22 million in its third round of venture capital financing, led by Kuwaiti investment group NTEC. [more..]

Seattle - AdReady, the provider of an online, self-service display advertising system, announced on Monday that it has raised $10 million in a new round of financing, led by Bain Capital Ventures. [more..]

With a little attention, memorization, and a guide to the rules, the basics of the political rules can be deciphered. We have put together a Guide to the Political Broadcasting Rules, to help explain these basics., blogs David Oxenford. [more..]

Mny times the metrics that marketers use to gauge success are wrong, inaccurate, incomplete or just plain useless. There are two main reasons this happens... precedent and ignorance, blogs Rohit Bhargava. [more..]

A “small chemical explosion” at News Corp’s NYC headquarters injured one person, a New York Fire Departments spokesman said [more..]

Caught between a need to support striking writers and save non-WGA employees, late night TV hosts Jay Leno and Conan O’Brien will return on January 2nd [more..]

New York - CBS Interactive has laid off the seven employees who ran StarTrek.com, a flagship site for the movies and various TV series that has been around for 13 years. [more..]

New York - Gawker Media founder Nick Denton will take over as managing editor of the company's 14 blogs, in the wake of the resignation of the top three editors at its flagship Gawker.com site, The New York Times reported. [more..]

San Francisco - News Corp.'s MySpace has launched a localized site in Brazil, where Google's Orkut is the most popular online social network, CNET News.com reported. [more..]

Seattle - RealNetworks has launched a beta test of a new Facebook application that will bring full-song streams from its Rhapsody service to Facebook users, Billboard reported. [more..]

New York - Alloy Media + Marketing, a provider of media and marketing services for targeted consumer segments, on Monday announced the launch of Teen.com, a distributed media content and advertising platform for youth-targeted Web properties. [more..]

New York - Ecast, a maker of Internet-connected digital jukeboxes for bars and restaurants, on Monday announced the launch of the Ecast BarPulse, a monthly survey that will tally the most popular new songs added to its network of over 10,000 jukeboxes. [more..]

Dallas - Cornerworld, a business management and social networking platform, announced on Monday that it has partnered with Napster to offer full access to the company's catalog of more than 5 million music files. [more..]

Boynton Beach, Fla. - Cellware.com on Monday launched a private beta of its mobile social network that offers a selection of free mobile content to users. [more..]