San Francisco - As expected, Apple CEO Steve Jobs on Monday unveiled the new iPhone 3G, which he says is "twice as fast" as the first-generation model and will sell in the U.S. for $199 (8GB) or $299 (16GB) beginning on July 11. [more..]

McLean, Va. - Citing "tough economic challenges both domestically and in the U.K.," Gannett, the publisher of USA Today and 84 other daily newspapers, said on Monday that it plans to record as much as $3 billion in impairment charges this quarter to reflect the company's dwindling value. [more..]

New York - Major record label Warner Music Group has pulled its catalog from free on-demand music streaming service Last.fm, according to reports. [more..]

Los Angeles - The Federal Communications Commission (FCC) has initiated a proceeding at the behest of Hollywood movie studios, to examine their request that they be able to remotely block consumers from recording high-definition, new release films on their digital video recorders, Ars Technica reported. [more..]

San Mateo, Calif. - Social media applications developer RockYou announced on Monday that it has raised $35 million in a third round of venture capital financing, led by DCM.
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New York - GE/NBC Universal's Peacock Equity Fund, together with European private equity group GMT Communications Partners, on Monday announced a $110 million majority buyout of Bigpoint, a developer of browser-based multiplayer online games. [more..]

New York - The nonprofit Tribeca Film Institute on Monday announced the launch of Reframe, an online service that will help filmmakers, libraries and other media owners digitize, market and sell their classic and hard-to-find films and video content using the Internet. [more..]

Beijing - Bihu.com, a Chinese provider of in-game advertising and messaging services, has landed a $10 million first round of financing led by Sequoia Capital China, PEHub.com reported, citing SinoCast. [more..]

Toronto - JumpTV, a Toronto-based broadcaster of live and on-demand sports and international television programming over the Internet, announced on Monday that it will merge with NeuLion, an IPTV service that offers live and on-demand sports, international and religious programming over the Internet and through set-top boxes. [more..]

New York - The Talk Market, a new user-generated TV shopping channel, announced on Monday that it has received an equity investment from online retail giant Amazon.com. [more..]

San Francisco - Apple CEO Steve Jobs unveiled the much-anticipated second-generation Apple smart phones at the company’s annual Worldwide Developer Conference in San Francisco on Monday. [more..]

Last week UK Internet visits to the iPhone website reached a new high. In fact, there were over twice the number of visits last week than during any of previous peaks, including the initial announcement, UK launch and recent price cut, blogs Robin Goad. [more..]

New York - Google's YouTube has introduced the ability for "professional" content producers, qualified as those with their own ad sales teams, to sell their own ads against their videos on the site, AdAge reports. [more..]

London - Major record label EMI Music announced on Monday that it has appointed Cory Ondrejka, co-founder of "Second Life" creators Linden Lab, to the new position of senior vice president of digital strategy. [more..]

New York - Veteran rock band AC/DC will sell its forthcoming Columbia Records album "Stiff Upper Lip" exclusively through retail giant Wal-Mart's stores, the Wall Street Journal reported. [more..]

Sausalito, Calif. - Sony Pictures Entertainment's Crackle online video network on Monday announced the release of three nine new original series, including a deal to host "The Take-Away Shows," a Web music video series that offers intimate "street" performances from indie bands. [more..]

New York - Girl Talk (aka Gregg Gillis), best known for his mashups that combine dozens of samples in a single track, has announced plans to release the follow-up to his 2006 album "Night Ripper" in a pay-what-you-want format -- a la Radiohead's "In Rainbows." [more..]

London - Bebo, an online social network owned by AOL, on Monday announced that it partnered with Universal Music UK on a new original Web drama series that will be "set amongst the real-life workings of the music company's West London headquarters." [more..]

Vancouver, B.C. - Hip Digital Media announced on Monday that it will covert all tracks at the Aeroplan Music Store to MP3 format, in effect creating what it says is the first commercial music download site in Canada to offer content from all four major labels in a DRM-free format. [more..]

El Segundo, Calif. - Toymaker Mattel on Monday introduced a new subscription-based version of its BarbieGirls.com virtual world, "Barbie Girls V.I.P.," which will cost $5.99 per month and offer "a world four times larger than its original size, with new locations to explore, new games and new experiences throughout the site." [more..]

Los Angeles - Online animation community MyToons.com announced on Monday the launch of HD Animation, which it says makes it the first animation website to showcase members' animation in HD online. [more..]