San Antonio, Texas - Radio broadcaster Clear Channel has announced its sale to private equity firms Bain Capital Partners and Thomas H. Lee Partners, for $17.9 billion or $36 per share -- ending litigation between Clear Channel, the private equity firms and a consortium of banks funding the deal. [more..]

Philadelphia - Comcast, the nation's largest cable TV service and a leading provider of broadband access, has signed a deal to acquire social networking service Plaxo, according to a post on the Plaxo blog. [more..]

Los Angeles - News Corp.'s MySpace has won a $234 million anti-spam judgment against "Spam King" Sanford Wallace and Walter Rines, who were found guilty after not showing up in court to defend against charges they violated the 2003 Can-Spam Act, the Associated Press reported. [more..]

Los Angeles - Charter Communications, a provider of cable TV services that also counts 2.7 million high-speed Internet customers, plans to test a targeted advertising system that would track some of its subscribers' Web surfing in order to serve them more tailored ads, according to BroadbandReports. [more..]

San Bruno, Calif. - Google's YouTube has introduced a new advertising product called "buzz targeting," which allows advertisers to target videos that are expected to "go viral." [more..]

Atlanta - According to published reports on Wednesday, South Korea-based SK Telecom and Virgin Mobile USA are in strategic negotiations regarding Helio, SK's wireless services joint venture with EarthLink, as well as other business assets in the U.S. [more..]

Seoul, Korea - Korean electronics makers LG and Samsung announced on Wednesday that they have partnered to develop a new mobile TV delivery standard for the North American market, as the standards body for the region prepares to adopt a technology in early 2009. [more..]

San Jose, Calif. - Qtrax, the developer of a free, ad-supported music file-sharing service, has secured a deal with the last of the four major music publishers, Warner/Chappell, to license its repertoire for inclusion on the Qtrax service, Wired.com reports. [more..]

New York - Global management consulting and outsourcing firm Accenture announced on Wednesday that it will acquire Origin Digital, a provider of video capture, transformation and delivery services to content owners. [more..]

Midlothian, Va. - Completing a deal first announced last month, video game publisher SouthPeak Interactive said on Wednesday that it has gone public by acquiring a majority stake in Global Services Partners Acquisition Corp. (GSPAC), a shell company that trades on the OTC Bulletin Board. [more..]

The launch of Freesat, the free satellite TV service provided by the BBC and ITV in the UK, proved popular with online consumers during its launch week, blogs Robin Goad of Hitwise UK. [more..]

n/a

Los Angeles - Starbucks will test a new digital audio format, developed by veteran producer T-Bone Burnett and a team of engineers, on a forthcoming John Mellencamp album due for release via the Hear Music imprint, Digital Music News reported. [more..]

Waterloo, Ontario - Research in Motion's new BlackBerry Bold smartphone will feature a new BlackBerry Media Sync application that lets users sync their iTunes digital music libraries on the device. [more..]

Los Angeles - CrushedPlanet.com, a pre-bubble Web video site from the creators of HBO's "Taxicab Confessions" that focused on adult-oriented content, has re-launched as a paid video site with 15 channels, according to The Hollywood Reporter. [more..]

San Francisco - Music-focused social network imeem on Wednesday released support for Google's OpenSocial on the imeem Media Platform, the site's third-party developer platform. [more..]