New York - Media giant Time Warner said on Wednesday that it will officially separate its dial-up Internet access business from its content and advertising business beginning next year. [more..]

New York - Comcast, the nation's largest cable TV provider and third-largest broadband provider, has agreed to acquire Daily Candy, a publisher of culture-related websites and e-mail newsletters in various cities, from former AOL head Bob Pittman's Pilot Group Ventures for $125 million, Silicon Alley Insider reported. [more..]

Portland, Ore. - CD Baby, an online retailer of CDs for over 242,000 independent artists, has been acquired by CD and DVD manufacturer Disc Makers for an undisclosed sum. [more..]

Mountain View, Calif. - Google announced on Wednesday that it has agreed to well its Performics search marketing business France's Publicis Groupe. [more..]

Paris - French citizens downloaded 13.5 million movies from file-sharing sites during May, while French movie theaters sold 12.2 million tickets, Reuters reported, citing a study by French anti-piracy group Alpa. [more..]

Mountain View, Calif. - Google has launched a legal music search site in China with partner Top100.cn, also making an unspecified investment in the company, SINA.com reported. [more..]

Washington - The state of California has reimbursed the video game industry $282,794 in attorney's fees, which the Entertainment Software Association (ESA) expended in challenging the state's law restricting the sale of video games to minors. [more..]

Mountain View, Calif. - Eye-Fi, a developer of Wi-Fi-enableld memory cards that allow digital cameras to automatically send photos to online, in-home and retail destinations, announced on Wednesday that it has secured $11 million in its second round of funding. [more..]

Redwood City, Calif. - Amobee Media Systems, a provider of mobile ad delivery technology, announced on Wednesday that it has raised an undisclosed sum of new funding, from investors including Motorola, Cisco Systems, Telefonica, Vodafone, Accel Partners, Globespan and Sequoia Capital. [more..]

New York - SkyGrid, an online news search and aggregation service aimed at Wall Street professionals, said on Wednesday that it has closed an $11 million second round of funding, led by RRE Ventures. [more..]

Tel Aviv, Israel - YouLicense.com, an online music licensing marketplace, announced on Wednesday that it has secured an undisclosed sum of first round funding, from Ofer Media and Logia Group. [more..]

Washington - LaunchBox Digital, a new early-stage investment firm founded by Julius Genachowski, Sean Greene and John McKinley, on Wednesday announced the first nine companies to complete its incubator program. [more..]

Los Angeles - News Corp.'s MySpace announced on Wednesday a partnership with the Commission on Presidential Debates, wherein MySpace will launch MyDebates.org, a new site offering tools to expand viewership of the upcoming Presidential and Vice Presidential debates. [more..]

San Diego - Michael Robertson, head of music storage locker service MP3tunes -- which is currently the target of a copyright suit from EMI -- said yesterday that a recent court ruling in favor of a similar video service from Cablevision "sets a sturdy legal precedence which MP3tunes can use to battle for the legality of our online music storage service." [more..]

New York - Digital music distributor The Orchard on Wednesday announced a deal with rapper and producer Lil Jon, whereby the company will digitally reissue the artist's back catalogue -- which it now owns through its acquisition of TVT Records. [more..]

Tokyo - The Japanese Society for Rights of Authors, Composers and Publishers (JASRAC) has filed a $1.2 million copyright infringement lawsuit against Pandora TV, which operates the "TV Break" user-posted video site, Billboard reports. [more..]

New York - Sony BMG's Epic Records has announced a music video competition collaboration with Massify.com, an online social network of aspiring filmmakers. [more..]

Andover, Mass. - Video search and mobile video developer Veveo said on Wednesday that its technology will power video search for Verizon's 1.2 million FiOS TV digital TV service customers. [more..]