San Bruno, Calif. - Google's YouTube has rejected a request from the McCain presidential campaign for a more thorough legal review of copyright takedown requests made on campaign videos it has posted to the site, CNET News.com reports. [more..]

London - Radiohead's "In Rainbows" has sold more than 3 million copies across downloads, CDs and boxed sets, and the initial pay-what-you-want online release generated more digital income than the band made in total from its previous album, "Hail to the Thief," Music Ally reported, citing data from publisher Warner/Chappell UK. [more..]

Washington - The forthcoming transition to digital-only TV broadcasting is likely to be "messy," a member of the Federal Communications Commission (FCC) said on Tuesday, while Nielsen reports that more than 9 million U.S. homes are not ready for the switchover. [more..]

Palo Alto, Calif. - Online social network Facebook on Wednesday announced that twenty-five teams developing applications for its platform will each receive $25,000 grants from its $10 million fbFund to help build businesses on Facebook or around the Web with Facebook Connect. [more..]

Los Angeles - Google's YouTube has quietly launched its second original content co-production, an "Entertainment Tonight"-style show called "Poptub," following a successful Web video collaboration with "Family Guy" creator Seth MacFarlane, according to The Hollywood Reporter. [more..]

San Francisco - The Silicon Valley Venture Capitalist Confidence Index for the third quarter of 2008 registered 2.89 on a 5 point scale, falling from the previous quarter's reading of 3.07.
[more..]

San Diego - Eventful, an online local event listings service, announced on Wednesday that it has secured a $10 million third round of financing, led by Telefonica with participation from previous investors Draper Fisher Jurvetson and Bay Partners. [more..]

New York - Online music retailer AmieStreet.com announced on Wednesday the launch of a new site design, and said it is currently raising its Series B round of financing, "with strong participation from existing investors." [more..]

Woodland Hills, Calif. - FatTail, a provider of online advertising optimization software, announced on Wednesday that it has raised $3 million in its first round of venture capital, led by Velocity Interactive Group. [more..]

New York - Internet radio advertising marketplace TargetSpot announced on Wednesday that it has acquired Ronning Lipset Radio, an online radio ad network. [more..]

Here are my ten+ ways--GIA (Guy's Index of Absurdity)--to tell if the economy is really bad... [more..]

Palo Alto, Calif. - The Facebook online social network is now home to about 10 billion photos, making it a bigger photo repository than both Flickr and Photobucket, CNET News.com reported. [more..]

Frankfurt, Germany - Google has doubled the number of publishers who are participating in its massive project to scan and index the world's books, and now counts some 20,000 partners, Reuters reported. [more..]

Milpitas, Calif. - SanDisk on Wednesday introduced its $20 Sansa slotMusic Player, a portable MP3 player that plays music either pre-recorded onto slotMusic card albums or self-loaded onto microSD cards. [more..]

San Bruno, Calif. - Google's YouTube and PBS on Wednesday launched "Video Your Vote," a project that asks users to document their voting experience on Election Day. [more..]

London - U.K.-based ad-supported music service We7 has announced plans to shift away from providing free song downloads and towards free, ad-supported music streaming, Music Ally reports. [more..]

New York - Universal Music Group International said on Wednesday that it has licensed its catalog to the ad-supported, peer-to-peer based music service Qtrax in the territories of Europe, Asia/Pacific, South America and Africa, following a similar agreement reached for North America. [more..]

Los Angeles - News Corp.'s MySpace on Wednesday launched a redesign of MySpace Karaoke, which now includes the ability for users to record their performances to video. [more..]

Hollywood - Buzznet, a network of pop culture-related blogs and social media sites, on Wednesday announced a partnership with entertainment news site The Superficial, which will join its Celebuzz community that includes similar sites like Just Jared, Socialite Life and What Would Tyler Durden Do. [more..]