Bethpage, N.Y. - Cablevision, a provider of cable TV and broadband services in the New York area, announced on Monday that it will acquire a 97% stake in Newsday Media Group from media company Tribune for $650 million. [more..]

Palo Alto, Calif. - Online social network Facebook has secured a new $100 million venture lending deal with TriplePoint Capital, adding to the $360 million it has landed over the past seven months, BusinessWeek reports. [more..]

Washington - As it continues to await the approval of the Federal Communications Commission to complete its multi-billion-dollar merger with Sirius, XM Satellite Radio on Monday reported a higher first-quarter loss, despite a healthy gain in subscribers. [more..]

New York - Apple will soon announce a new deal with Time Warner's HBO that will bring TV episodes to its iTunes Store under a new, separate pricing structure from other partners, Portfolio.com reported, citing HBO employees involved in executing the agreement. [more..]

San Francisco - Google has launched a preview of its Friend Connect service, which, like the recently announced Facebook Connect and MySpace Data Availability, will enable social media functions to be added to websites without programming knowledge, CNET News.com reported. [more..]

Los Angeles - Microsoft's Zune digital media player gained a bit of the MP3 player market share in NPD Group's latest rankings, now accounting for 4% of the total market, up from 3% in the first quarter of 2007, Wired.com reported. [more..]

Los Angeles - Electronic Arts will acquire Rupture, a games-focused social network launched by Napster founder Shawn Fanning, for $30 million, according to a report from TechCrunch, which cited sources with knowledge of the deal. [more..]

Redmond, Wash. - Nintendo of America on Monday debuted its WiiWare service, which allows owners of its Wii game console to download new games over an Internet connection from a range of large and independent publishers. [more..]

Washington - Yahoo and political news site Politico announced that on Tuesday they will offer the first online video interview with President George W. Bush from the White House. [more..]

Denver - Radio broadcaster Clear Channel has signed a deal to offer the Pandora personalized Web radio service on all of its station websites, Billboard reported. [more..]

Austin, Texas - Bigfoot Networks, a provider of technology that decreases lag time for networked online gaming, has raised an $8.75 million second round of funding, led by North Bridge Venture Partners and Palomar Ventures, Austin Business Journal reported. [more..]

San Mateo, Calif. - Veodia, a provider of high-quality streaming video delivery services for businesses, announced on Monday that it has raised $8.3 million in its first round of venture capital financing, from Clearstone Venture Partners, the D.E. Shaw Group, and a group of angel investors led by Steven Berger. [more..]

Boston - Frame Media, a service that delivers personalized content to wireless digital picture frames, announced that it has raised an additional $3 million in venture capital, in a deal that was co-led by Longworth Venture Partners and CommonAngels. [more..]

Speculation is rising around a potential acquisition of Blinkx, a video search engine by either Google or News Corp (and possibly Yahoo!). [more..]

Los Angeles - The United States Tennis Association (USTA) announced on Monday a new deal with ESPN for the cable TV broadcast and digital rights to the US Open grand slam tennis tournament, ending its 25-year deal with USA Network. [more..]

London - Microsoft has launched Messenger TV, a new video feature for its instant messenger application currently available in 20 European countries. [more..]

Los Angeles - Ghostlight Records will be the first to offer an original cast recording from a Broadway show exclusively on iTunes when it adds the "Passing Strange" album to the store on May 27, Variety reports. [more..]

Chicago - Emmis Interactive, the online unit of the radio broadcaster, on Monday announced a licensing agreement with Apple to market its custom Storefront technology to other radio stations. [more..]

New York - Radio station owner Radio One's Interactive One unit on Monday announced a multi-year online advertising deal with urban site AllHipHop.com, creating an online ad network focused on African-Americans that will count combined traffic of more than 4 million monthly unique visitors and over 500 million page views. [more..]

New York - CBS's Last.fm social music discovery service announced on Monday an official media partnership with the Lollapalooza music festival, and will power Lolla Radio, the festival's official Web radio service that lets users listen to songs from artists performing at the festival. [more..]

San Francisco - Independent animation network Aniboom said on Monday that it has partnered with casual games publisher I-play to develop animated serial content for mobile, online and television based on I-play's most popular games. [more..]