New York - Video game publisher Take-Two Interactive said on Thursday that just 8% of its shareholders were in favor of Electronic Arts' $2 billion bid for the company, prompting EA to extend the deadline and slightly reduce its offer -- which Take-Two again rejected. [more..]

New York - Time Warner's AOL is laying off around 100 employees from its new Platform-A advertising unit, which was created through the blending of several acquisitions, including Adverstising.com, Tacoda, Quigo, Third Screen Media, Lightningcast and Adtech, Silicon Alley Insider reports. [more..]

Washington - Sen. Byron Dorgan (D-N.D.), a high-ranking member of the Senate Commerce Committee, on Friday wrote to the Federal Communications Commission (FCC) asking the agency to block the $5 billion merger of satellite radio firms XM and Sirius, Reuters reported. [more..]

Port Washington, N.Y. - Bypassing the current troubles in the overall economy, U.S. video game sales hit $1.7 billion in March, up 57% from a year ago on strong sales of Nintendo's Wii and "Super Smash Bros. Brawl," according to industry sales data compiled by market research firm NPD Group. [more..]

New York - Internet revenue for The New York Times Co. rose 14.8% in the last quarter, while the company's overall revenue decreased to $235.4 million, a 6.4% drop compared to the same period a year ago, the company announced. [more..]

Los Angeles - The Motion Picture Association of America (MPAA) yesterday filed a federal copyright infringement suit against Pullmylink.com, saying the site "contributes to and profits from massive copyright infringement by identifying, posting, organizing and indexing links to infringing content found on the Internet." [more..]

Los Angeles - The CW has decided to stop streaming free episodes of "Gossip Girl" from its website, in a test to see whether the popular streams were eating into the show's TV audience, according to The Hollywood Reporter. [more..]

New York - Viacom's MTV Networks said this week that it will begin offering owners of its "Rock Band" video game to download full albums compatible with the game beginning next week, to include records from Judas Priest, the Cars and the Pixies. [more..]

Cambridge, Mass. - GamerDNA, an online community for video game players, announced on Friday that it has raised $3 million in its first round of venture capital, led by Flybridge Capital Partners. [more..]

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Aggregators are taking a larger piece of the pie but the size of the pie is growing with visits to content creators and all News and Media websites growing, blogs Heather Hopkins. [more..]

Dallas - Celebrity gossip blogger Perez Hilton this week signed a deal with ABC Radio Networks to host a twice-daily celebrity news radio feature that will be syndicated exclusively through ABC Radio Networks. [more..]

Los Angeles - Dolby Laboratories' Digital Cinema unit this week announced a deal with Germany's Infitec to develop and market a digital 3D cinema delivery system for theaters, Variety reported. [more..]

Espoo, Finland - Nokia plans to launch another Nokia Music Store in Australia next week, which at launch will offer 2.5 million tracks from all the majors except for Warner Music, along with a number of Australian independent labels. [more..]

Baltimore - TidalTV, a new broadband video startup from Advertising.com co-founder Scott Ferber, said that it has signed a deal with National Geographic Ventures to showcase programming from the National Geographic Channel (NGC) on its platform. [more..]

San Diego - Video game accessories maker Mad Catz Interactive said on Friday that it has signed a multi-year licensing agreement with the Coffin Case Company, for the right to make Coffin Case-branded carrying cases for guitar controllers, straps, drums and other accessories for use with the games "Rock Band" and "Guitar Hero." [more..]