Washington - Trying to assuage antitrust concerns, Yahoo CEO Jerry Yang on Wednesday met with Congressional leaders on Capitol Hill to outline details of the company's recently signed ad pact with Google, Dow Jones Newswires and other media outlets reported. [more..]

Washington - As momentum builds toward the completion of their multi-billion dollar merger, shares of DC-based XM Satellite Radio and New York-based Sirius tumbled on Thursday following an analyst report that questioned the very future of satellite radio. [more..]

New York - Video game publisher Take-Two Interactive said on Thursday that it has reached an agreement with the Federal Trade Commission (FTC) over the agency's subpoena for information from the company regarding Electronic Arts's takeover bid. [more..]

San Francisco - A group of ten law professors has filed a friend of the court brief, indicating they believe a judge erred when he told the jury in the file-sharing copyright infringement case against Jammie Thomas that simply the "making available" of songs in a shared folder on a computer constitutes copyright infringement, Wired.com reports. [more..]

Cupertino, Calif. - Apple said on Thursday that more than 5 billion songs have now been purchased and downloaded from its iTunes Store. [more..]

Los Angeles - Anthony Puzo, son of "The Godfather" author Mario Puzo, has filed suit against Paramount Pictures over alleged unpaid revenues from Electronic Arts' video game based on the films, Reuters reported [more..]

Minneapolis - A recent survey conducted by electronics and media retail chain Best Buy found that 88% of consumers are aware of the digital broadcast transition, but nearly half (45%) said they plan to wait until after it happens to take any action. [more..]

McLean, Va. - Gannett, the publisher of USA Today and 84 other daily newspapers, said on Thursday that it has acquired a minority stake in Seattle-based Cozi Group, the developer of a free Web service designed to help families manage schedules, share information and communicate. [more..]

San Francisco - Mochi Media, the operator of an advertising network for online games that claims over 60 million unique monthly visitors, announced on Thursday that it has raised $10 million in its second round of funding, led by Shasta Ventures with support from previous backer Accel Partners. [more..]

Paul Sweeting: The new Kaleidescape players reflect only the latest advance in the science of upscaling from standard DVDs. Earlier this month, Toshiba indicated that it will introduce its own advanced upscaling player by the end of this year, which the company claims produces images "virtually identical to Blu-ray." [more..]

As the quality of online video content produced by individual professionals continues to improve, this is going to offer big opportunities to brands for advertising and marketing against professionally produced content, blogs Rohit Bhargava. [more..]

Sunnyvale, Calif. -Yahoo on Thursday announced the availability of two new email domains. The company said that it has opened registration for new addresses under ymail.com and rocketmail.com. [more..]

Baltimore - TidalTV, a Baltimore-based broadband video startup founded by Advertising.com co-founder Scott Ferber, said that it has launched a beta test of its streaming TV service. [more..]

San Francisco - Microsoft has reversed its stance, and says it will now continue to support DRM-tethered tracks purchased at its now-defunct MSN Music store "through at least the end of 2011," Ars Technica reports. [more..]

Los Angeles - Google's YouTube on Thursday launched its Screening Room where independent filmmakers will be able to showcase their movies. The page will feature four new "high-quality" short films every two weeks, as well as some feature-length films. [more..]