Port Washington, N.Y. - Sales of video game hardware and software in the U.S. were up 37% in May from a year ago, to $1.12 billion, boosted by Take-Two Interactive's bestseller "Grand Theft Auto IV," which sold 871,300 units during the month, according to data from market research firm NPD Group. [more..]

New York - Time Warner has withdrawn from its attempt to acquire the Weather Channel, according to a report by Reuters on Friday, which cited sources close to the negotiations. [more..]

New York - AT&T, the nation's largest Internet service provider, is looking at charging its customers who consume the most bandwidth downloading and uploading content extra for its services, the Associated Press reports. [more..]

Los Angeles - News Corp.'s MySpace online social network is preparing to unveil a major site redesign next week, aimed at widening its demographic appeal and increasing user engagement. [more..]

San Francisco - Technorati, a search engine for blogs, has called down $7.5 million of a $10 million fourth round of venture capital financing, PEHub.com reported, citing a regulatory filing. [more..]

San Francisco - WooMe, an online video dating service that utilizes webcams, announced this week that it has landed a $12.5 million second round of financing, led by Index Ventures with participation from return backers Atomico and Mangrove Capital Partners. [more..]

Shanghai, China - AdChina, a Shanghai-based online ad network, announced this week that it has raised $10 million in first round funding, led by Mayfield China. [more..]

Santa Clara, Calif. - Macrovision, a provider of anti-piracy technology and informational media databases, announced on Friday that it has acquired website and technology assets from ThoughtWorthy Media, a platform that allows TV viewers to identify, research and purchase online the music, products and advertising they see on television. [more..]

Yahoo! Search users still do tend to skew younger than Google but by a smaller margin than in February, blogs Heather Hopkins. [more..]

New York - Qtrax, the developer of a free, ad-supported music file-sharing service, said in a note on its website that it plans to launch its service next Wednesday, on June 18. [more..]

New York - In the wake of a raft of cease-and-desist notices sent by networks demanding that Redlasso no longer tailor TV news clips for bloggers, several of the company's high-profile clients -- including The Huffington Post and Crooks and Liars -- have stopped using the service, Silicon Alley Insider reported. [more..]

San Francisco - Four months after officially launching its community-driven online sports network, San Francisco-based Bleacher Report said on Friday that it has forged a new partnership with Fox Sports. [more..]

Tarrytown, N.Y. - On2 Technologies, a developer of video compression technology, announced on Friday that Bill Joll has resigned as its president and CEO. [more..]

Midlothian, Va. - Video game publisher SouthPeak Interactive said on Friday that it will co-publish "Igor," based on the forthcoming animated film from The Weinstein Company and MGM Studios, along with developer Legacy Interactive. T [more..]

Los Angeles - Gay cartoonist Eric Orner and Jay Laird, a developer with Metaversal Studios, have teamed to create an online Flash game based on the historic 1969 Stonewall riots -- which are often cited as the origin of the gay rights movement in the U.S., GayGamer.net reported. [more..]