Washington - The Securities and Exchange Commission (SEC) on Monday charged Mark Cuban, owner of the Dallas Mavericks NBA team and founder of HDNet, with insider trading over shares in a company called Mamma.com he sold in 2004. [more..]

London - Hulu, the video site joint venture between News Corp. and NBC Universal, is expected to generate as much advertising revenue as Google's YouTube in the U.S. next year, the Financial Times reported, citing Screen Digest analyst Arash Amel. [more..]

Warren, N.J. - Virtual mobile network operator Virgin Mobile USA announced on Monday that it is eliminating about 45 positions in its New Jersey and California offices, which represents about 10% of its workforce.
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Seattle - Online retailer Amazon.com on Monday launched over 100,000 new artist stores, which will feature a range of items for sale including CDs, DRM-free MP3s and vinyl albums, along with images, biographies and related items. [more..]

Santa Clara, Calif. - Atypon Systems, a provider of software and hosting services to electronic publishers, said on Monday that it has acquired Macrovision's subscription e-commercer unit eMeta. [more..]

Washington - Congressional Quarterly, the DC-based publisher of news and analysis on Congress, politics and public policy, said that it has acquired Illinois-based TrendTRACK, the developer of a search engine that provides users with the status and text of every bill in every active legislature. [more..]

New York - PR Newswire, the New York-based provider of electronic press release distribution, targeting, measurement and broadcast services, announced on Monday that it has signed a definitive agreement to acquire Xinhua Finance, a corporate announcement distribution service in China. [more..]

New York - Online TV network Blip.tv has raised $5.2 million in its second round of financing, led by Bain Capital Ventures, PEHub.com reported, citing a regulatory filing. [more..]

Los Angeles - Intel has provided an undisclosed amount of funding to back a community animation project, Mass Animation, which will produce a five-minute film by outsourcing over 100 animation shots to volunteer animators found online, VentureBeat reported. [more..]

Denver - SportZu.tv, an online video network for youth sports coaches, parents and athletes, said on Monday that it has raised an undisclosed amount of new bridge financing, and is gearing up to launch an upgraded version of its website. [more..]

Any lingering doubts as to where the incoming Obama administration will be coming from on telecom policy were more or less erased Friday when the president elect named Susan Crawford and Kevin Werbach to lead the transition team at the Federal Communications Commission, blogs Paul Sweeting. [more..]

London - Sir Paul McCartney has confirmed for BBC radio that there is a "lost" 14-minute-long experimental Beatles track recorded in 1967 that he is seeking to release. [more..]

Alviso, Calif. - TiVo said on Monday that it has partnered with pizza delivery chain Domino's to allow subscribers using broadband-connected devices to place order and track deliveries through their TVs. [more..]

New York - Time Warner's AOL has confirmed that it will shutter its user-generated video hosting service, AOL Uncut, and has given users until Dec. 18 to transfer their videos before they are deleted. [more..]

Minneapolis - Electronics and media retail chain Best Buy announced on Monday that it will host exclusive listening parties in the upcoming days before the release of Guns N' Roses 17-years-in-the-making "Chinese Democracy" album. [more..]

San Francisco - IODA, a digital distributor of independent label music, said on Monday that it has signed a worldwide partnership with BounDEE, Japan's largest distributor of independent music. [more..]

Los Angeles - Music Mogul announced on Monday the upcoming launch of its new online virtual world for aspiring music artists and their fans. [more..]

Pleasanton, Calif. - FunMobility on Monday announced that it is powering a new video-sharing service and mobile social network for Verizon Wireless. [more..]