Washington - Averting possible bankruptcy, satellite radio provider Sirius XM on Tuesday reached an 11th-hour deal with Colorado-based Liberty Media, which has agreed to loan the company $530 million in exchange for preferred shares convertible into a 40% equity stake. [more..]

Stockholm, Sweden - One half of Swedish prosecutors' case against file-sharing hub The Pirate Bay has been dropped on the second day of court proceedings, due to lack of evidence, TorrentFreak reported. [more..]

Washington - Commercial radio stations represented by the National Association of Broadcasters (NAB) have reached an agreement on music webcasting royalty rates with SoundExchange, the entity set up by major record labels to collect and distribute digital royalties. [more..]

Los Angeles - Shareholders of Ticketmaster Entertainment have filed a class action suit against the company, alleging that Ticketmaster agreed to unfavorable terms in its proposed $2.5 billion merger with concert promotion giant Live Nation, the Los Angeles Business Journal reported. [more..]

Washington - Some 421 television stations plan to terminate their analog broadcasts by the end of Tuesday, the original date of the nation's digital TV transition, according to the Federal Communications Commission (FCC). [more..]

Texarkana, Texas - TiVo and DISH Network operator EchoStar were back in court on Tuesday, with TiVo arguing that EchoStar should have to pay additional damages for infringing on its digital video recorder patent, Reuters reported. [more..]

Seattle - RealNetworks announced on Tuesday that it has paid an undisclosed sum for a minority stake in LoEn, the digital music unit of South Korean wireless carrier SK Telecom. [more..]

Fremont, Calif. - Offerpal Media, a provider of online ad technology for social media and video games, said on Tuesday that it has closed a $15 million second round of financing, led by D.E. Shaw Ventures.
[more..]

New York - Fantasy Sports Ventures (FSV), an integrated marketing and media firm focused on online sports, has paid a "low seven-figure sum" to acquire a minority stake in Sports Reference, the operator of a network of sports statistics sites, Sports Business Journal reported.
[more..]

Calabasas, Calif. - Emergent Game Technologies, a provider of video game development tools, announced on Tuesday that it has raised $12.5 million in new funding, led by Hopewell Ventures. [more..]

Boulder, Colo. - Filtrbox, a provider of online market intelligence services, has raised $1.4 million in its first round of funding, led by Flywheel Ventures and True Ventures, TechCrunch reported. [more..]

Barcelona - Skype, the Internet phone service owned by eBay, on Tuesday announced a deal with Nokia to bundle its service on a range of Nokia mobile phones. [more..]

Ft. Lauderdale, Fla. - CBS-owned CBSSports.com and the NCAA said on Tuesday that they will offer a new, high-definition video player for CBS' NCAA March Madness on Demand free live webcasting service. [more..]

London - Omnifone, a U.K.-based provider of branded digital music services, has announced the launch of a new unlimited music download and streaming service, MusicStation Next Generation, which will offer consumers the ability to bundle the cost with their Internet service provider bill, or pay as they go. [more..]

San Francisco - INgrooves, a digital distributor of independent music, said on Tuesday that it has signed a deal with Nokia, to include its catalog of largely electronic music in the mobile company's Comes With Music unlimited download service. [more..]

Barcelona - MobiTV, a provider of mobile TV video services to wireless carriers including AT&T and Alltel, announced on Tuesday that it has surpassed six million subscribers of its subscription media services. [more..]