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DMW Daily, January 7, 2009

Top Stories
o Time Warner to Incur $25 Billion Impairment Charge
o Ziff Davis Sells 1UP to Hearst's UGO; Shutters EGM Magazine
o Facebook Hits 150 Million Active Users
o Report: New Broadband Sign-Ups to Drop 12% in 2009
o Intel to Miss Already Lowered Revenue Targets
o Report: U.K. Music Sales Dip 3.2% in 2008
o Recording Artists' Coalition, Recording Academy Team to Lobby
o One True Media Lands $9 Million for Online Video Ad Services
o MyMajorCompany Gets $4.1 Million for Fan-Financed Albums
Briefly Noted
o SanDisk Introduces $99 Sansa slotRadio Player
o Verizon Wireless Picks Microsoft for Mobile Search
o AOL's Vice President of Products Leaving for Univision
o TiVo Debuts New HD Search Feature
o AdMob Introduces Download Tracking for iPhone Applications
 Top Stories
o Time Warner to Incur $25 Billion Impairment Charge 
New York - Media giant Time Warner said on Wednesday that it expects to record a $25 billion impairment charge in the fourth quarter, accounting for the decreased value of its cable, publishing and AOL units. [more..]
o Ziff Davis Sells 1UP to Hearst's UGO; Shutters EGM Magazine 
New York - Technology publisher Ziff Davis Media announced on Wednesday that it has sold its 1UP Digital Network, which includes the game-related site 1UP.com, to UGO Entertainment, a unit of publisher Hearst Corporation. [more..]
o Facebook Hits 150 Million Active Users 
Palo Alto, Calif. - Online social network Facebook now claims more than 150 million active users -- almost half of whom are visiting the site daily -- founder and CEO Mark Zuckerberg announced in a blog post on Wednesday. [more..]
o Report: New Broadband Sign-Ups to Drop 12% in 2009 
Silver Spring, Md. - The number of broadband Internet sign-ups in the U.S. is expected to fall by 12% in 2009, according to a new forecast by market research firm Pike & Fischer. [more..]
o Intel to Miss Already Lowered Revenue Targets 
Santa Clara, Calif. - Shares of chipmaker Intel fell more than 5% by late Wednesday after the company said that it expects fourth-quarter revenue to drop 23% from a year ago as a result of weak demand in the PC market. [more..]
o Report: U.K. Music Sales Dip 3.2% in 2008 
London - U.K. recorded music sales were down 3.2% in 2008 to 138.1 million units, a fall that was cushioned by a 0.9% sales rise in the fourth quarter, Billboard reported, citing data from the Official Charts Co. and record label trade group BPI. [more..]
o Recording Artists' Coalition, Recording Academy Team to Lobby 
Washington - The Recording Artists' Coalition (RAC), an eight-year-old lobbying group founded to advocate for musicians' rights, announced on Wednesday that it will merge its efforts with the advocacy arm of the Recording Academy, the organization that produces the annual Grammy Awards.
[more..]
o One True Media Lands $9 Million for Online Video Ad Services 
Redwood City, Calif. - One True Media, a provider of online advertising services for small and mid-sized businesses, announced on Wednesday that it has landed a $9 million second round of funding, led by DAG Ventures. [more..]
o MyMajorCompany Gets $4.1 Million for Fan-Financed Albums 
Los Angeles - MyMajorCompany, a French start-up that allows fans to finance recordings for emerging artists, has received a $4.1 million investment from Stephane Courbit, a former Endemol France executive, Variety reports. [more..]
 Briefly Noted
o SanDisk Introduces $99 Sansa slotRadio Player 
Las Vegas - SanDisk, a maker of storage media and MP3 players, on Wednesday introduced its Sansa slotRadio player and accompanying line of slotRadio format music cards at the Consumer Electronics Show in Las Vegas. [more..]
o Verizon Wireless Picks Microsoft for Mobile Search 
Las Vegas - Microsoft has partnered with Verizon Wireless to become the exclusive mobile search provider on the wireless network operator's phones, Reuters reported. [more..]
o AOL's Vice President of Products Leaving for Univision 
Dulles, Va. - Kevin Conroy, the executive vice president of products and marketing at AOL, is leaving the company to become the president of interactive media at Univision, according to an internal memo obtained by TechCrunch. [more..]
o TiVo Debuts New HD Search Feature 
Las Vegas - TiVo on Wednesday introduced a new TiVo Search function for owners of its broadband connected TiVo Series3, TiVo HD, and HD XL digital video recorders. [more..]
o AdMob Introduces Download Tracking for iPhone Applications 
San Mateo, Calif. - Mobile advertising marketplace AdMob on Wednesday announced the launch of download tracking for iPhone applications, which will enable advertisers to accurately monitor when users click on an ad that leads to a completed download of the advertised application. [more..]