Los Angeles - News Corp.'s Fox Interactive Media unit, which houses MySpace, IGN, Photobucket and other Web entertainment properties, this week announced a restructuring that saw the departure of chief revenue officer Michael Barrett, and the launch of a new Audience Network for its ad technology, to be headed up by Adam Bain. [more..]

Basking Ridge, N.J. - Verizon Wireless announced on Friday that the spectrum it paid $9.36 billion for in the Federal Communication Commission's (FCC) recent 700 MHz auction is "a critical piece of its overall broadband strategy to take advantage of the enormous opportunity for growth in data services in the future." [more..]

San Mateo, Calif. - Coremetrics, a provider of hosted Web analytics and marketing software, said on Friday that it has raised $60 million in its fifth round of funding, led by 3i. [more..]

Boston - OurStage, an online competition for aspiring musicians, filmmakers and comedians, has raised $13 million in new financing from over 100 angel investors, Tech Confidential reported. [more..]

San Francisco - Flixster, a movie-focused online social network, has received $5 million of an $8 million second round of venture capital financing, from Pinnacle Ventures and Lightspeed Venture Partners, PEHub.com reported, citing a regulatory filing. [more..]

San Francisco - Seesmic, a provider of webcam video distribution services, announced on Friday that it has acquired Twhirl, an application that connects with Twitter, Pownce, Jaiku and other "microblogging" services. [more..]

London - Intellistream, a developer of interactive mobile video technology, has received part of an expected up to $1.6 million round of new financing, led by London Technology Fund, VentureWire reports. [more..]

Los Angeles - Digital music service Napster said this week that it expects fiscal fourth quarter revenues of $31 million, which is higher than analysts had projected, and a small gain on the $29.1 million it reported in the same period a year ago. [more..]

New York - Digital music service eMusic has added 25 albums from the Rolling Stones, through a recently signed licensing deal with Abkco. [more..]

Los Angeles - Radiohead has launched its own social networking site, based from the same W.A.S.T.E. merchandise website that offered its "In Rainbows" album on a pay-what-you-want basis, Pitchfork Media reports. [more..]

London - Universal Music Group has launched a new Rolling Stones channel on Google's YouTube, that lets fans upload videos of themselves posting questions to the band, with the band to respond personally to some of them, Reuters reported. [more..]

Seattle - Amazon.com on Friday announced the relaunch of its Latin Music Store, which counts nearly 140,000 albums spanning 28 separate genres of Latin music. [more..]

New York - Viacom's Nickelodeon/MTVN Kids and Family Group announced on Friday that it plans to launch a number of additional virtual worlds for kids, building on the success of its existing Neopets and Nicktropolis sites. [more..]