Philadelphia - Comcast, the nation's largest cable TV company and a provider of broadband service to 14 million subscribers, has begun testing what it says is a "protocol agnostic" tool to manage its subscribers' bandwidth usage during peak traffic periods. [more..]

New York - CBS announced on Wednesday that Yahoo has joined its CBS Audience Network, a group of over 300 website partners that distributes full TV episodes and other programming from CBS for free, supported by advertising. [more..]

Los Angeles - Microsoft's MSN has signed a deal with production company BermanBraun to create an entertainment news-focused destination site within MSN, set to launch in early 2009. [more..]

Los Angeles - Disney is in the process of acquiring fan fiction online community Fanlib, as well as online video start-up DigiSynd, PaidContent reported. [more..]

Redwood City, Calif. - Video game developer and publisher Electronic Arts announced on Wednesday that it has acquired ThreeSF, a social network for gamers founded by original Napster creator Shawn Fanning. [more..]

New York - IGA Worldwide, a provider of in-game advertising services, has announced a partnership with Sony to provide in-game advertising on the PlayStation 3 in the U.S. and Europe, and also with publisher Electronic Arts to serve in-game ads on EA titles for the PlayStation 3. [more..]

Westwood, Mass. - Multiplayer online game developer Turbine announced on Wednesday that it has raised $40 million in a new financing round co-led by Time Warner and GGV Capital. [more..]

San Mateo, Calif. - Yield Software, a provider of Internet marketing software, announced on Wednesday that it has raised $6 million in its second round of venture capital financing, led by Draper Fisher Jurvetson with participation from ad giant WPP and seed investor WashingtonVC. [more..]

Buenos Aires, Argentina - Sonico, an online social network in Latin America that counts almost 17 million registered users, announced on Wednesday that it has secured $4.3 million in its first funding round, led by DN Capital. [more..]

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Tokyo - Adding to a flurry of recent announcements from various international carriers, Japan's Softbank Mobile announced on Wednesday a deal with Apple to launch the iPhone in Japan later this year. [more..]

San Bruno, Calif. - Google's YouTube on Wednesday announced the beta launch of a new feature called Video Annotations, which allows account holders to add interactive commentary to their videos. [more..]

New York - Yahoo announced on Wednesday that 94 more newspapers have joined its Newspaper Consortium, which places Yahoo paid search technology and HotJobs listings on their websites, and offers Yahoo ad inventory to their local clients. [more..]

San Jose, Calif. - Qtrax, the developer of a free, ad-supported music download service, has announced a new licensing agreement with EMI Music, which joins Universal Music Group and the major music publishers in authorizing its tracks for distribution on the service. [more..]

New York - CBS's Last.fm social music discovery service on Wednesday introduced "Last.fm in a Box," a service that lets partners access its ad-supported personalized streaming radio services directly from their own websites. [more..]

Oakland, Calif. - Pandora, a provider of personalized streaming radio, on Wednesday introduced a beta release of its new downloadable desktop application, which allows users to access its ad-supported service directly from their desktops. [more..]