Sunnyvale, Calif. - Following months of ridicule from angry investors, Jerry Yang late Monday announced plans to resign as the CEO of Yahoo. [more..]

Nashville - Tennessee Gov. Phil Bredesen last week signed into law a bill that will compel universities in the state to invest in campus network anti-piracy technologies, should they receive a certain number of notices that their students are believed to be illegally downloading copyrighted material in a given year. [more..]

Los Angeles - Police in China conducting a recent raid on a movie pirating facility found what the Motion Picture Association International (MPAI) deemed to be the first pirated Blu-ray movie discs, The Wall Street Journal reported. [more..]

Seattle - Amazon.com on Tuesday announced the launch of CloudFront, a new self-service, pay-as-you-go content delivery network (CDN) unit of its Amazon Web Services division. [more..]

New York - DivX, a developer of video compression technology, has filed suit against Yahoo alleging breach of an advertising deal between the companies, Reuters reported. [more..]

Paris - A French record label trade group has filed suit against U.S.-based peer-to-peer software distributors Vuze, Limewire, Morpheus and Shareaza, alleging they facilitate mass copyright infringement, TorrentFreak reported. [more..]

Washington - Hoping to extend its brand to a younger audience, Washington-based National Geographic on Tuesday announced the launch of a new division that will develop and publish video games based on the organization's core themes and media properties. [more..]

Los Angeles - Yahoo and NBC Universal's Spanish-language network Telemundo have agreed to terminate their joint venture website, Yahoo Telemundo, by the end of the year, Mediaweek reports. [more..]

Reston, Va. - Online spending in October grew by just 1% over the previous year, the lowest monthly growth rate since measurement firm comScore began tracking e-commerce in 2001.
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Indianapolis, Ind. - Angie's List, a provider of consumer reviews of local services, announced on Tuesday that it has received an $18 million venture debt investment from Lighthouse Capital Partners. [more..]

Boca Raton, Fla. - Multiply, a social network with 10 million members, has received a $5 million equity investment from Filipino media company ABS-CBN, Business Mirror reports. [more..]

Tel Aviv, Israel - Taboola, a developer of video recommendation technology, announced on Tuesday that it has raised a $4.5 million second round of funding, led by Evergreen Venture Partners. [more..]

New York - Boxee, a developer of set-top box software that can deliver Web video and audio content to a television, has raised $4 million in funding from Union Square Ventures and Spark Capital.
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Berkshire, England - Casual Collective, a developer of social online games, announced that it has received a $1 million seed investment from Lightspeed Venture Partners. [more..]

Mr. Cuban intends to contest the allegations and to demonstrate that the Commission’s claims are infected by the misconduct of the staff of its Enforcement Division. [more..]

Redmond, Wash. - Microsoft is discounting the prices on its Flash-based Zune music players, Silicon Alley Insider reported, citing MobileDevicesToday. [more..]

Los Angeles - "Sanctuary," an online sci-fi series that was picked up for TV broadcast by cable's Sci Fi Channel, became the first such program to be picked up for a second season last week, according to The Hollywood Reporter. [more..]

San Francisco - Major League Baseball Advanced Media announced that it has abandoned Microsoft's Silverlight video distribution platform and signed a two-year deal to instead use Adobe's Flash for its live and on-demand video offerings on MLB.com. [more..]

New York - Time Warner announced on Tuesday that it has partnered with Google on a hosted image service that will provide access to the LIFE magazine photo archive, which includes over 10 million images -- 97% of which have never before been seen by the public. [more..]

Chicago - Metromix, the online entertainment listings and reviews sites network joint venture between publishers Gannett and Tribune, reported on Tuesday that it has doubled its revenue and Web traffic since its launch in October 2007. [more..]

New York - Canadian record label and management firm Nettwerk Music Group on Tuesday announced a deal with Universal Music Canada and Indaba to produce a "crowdsourced" companion remix album for hip-hop artist K-OS. [more..]

New York - Glam Media, a network of over 700 sites arranged by various content verticals, on Tuesday launched the Glam Applications Network, a platform that allows brand ad-enabled applications and widgets to be integrated into websites and blogs. [more..]