Tokyo - Sony on Friday announced a major reorganization of the company, forming two new business groups and naming current chairman and CEO Howard Stringer to the additional position of president of Sony. [more..]

New York - Publisher Hearst Corp. plans to launch its own wireless e-book reader device for reading newspapers, magazines and other content later this year, entering a nascent market currently also occupied by Amazon's Kindle and Sony Reader, Fortune reported, citing "industry insiders." [more..]

New York - Cable TV provider Cablevision announced this week that it plans to begin charging for online access to its Newsday newspaper, which the company acquired in a $650 million deal in May 2008, Reuters reported. [more..]

New York - Merger and acquisition activity in the U.S. entertainment and media industry fell significantly in 2008, down 17% in overall transaction volume and declining to $74.6 billion in total deal value, while almost all indicators suggest that 2009 activity will be significantly less than in recent years, according to a report from PricewaterhouseCoopers. [more..]

San Francisco - OpenTV, a San Francisco-based developer of interactive TV software and services, said on Friday that it has received a $127 million offer from Swiss content protection technology firm Kudelski Group to acquire shares of the company that it doesn't already own. [more..]

London - Television producer FremantleMedia announced that it has made a minority equity investment in Ludia, a developer and publisher of interactive casual games. [more..]

San Diego - Wireless developer Qualcomm has acquired Digital Fountain, a provider of mobile video technology, for an undisclosed sum, StreamingMedia.com reported. [more..]

Reston, Va. - 3Sixty Enterprises, a developer of content sharing and publishing technology, said on Friday that it has acquired Boston-based DivShare, the developer of a popular file-sharing site. [more..]

For those of you who were not able to attend DMW's Digital Music Forum East this past week, here is a complete transcript of Jim Griffin's interesting keynote presentation [more..]

DMW is happy to once again bring you the hottest list of buzz bands, courtesy of music publicist Fiona Bloom. [more..]

Washington - The Chicago Sun-Times provided live blog coverage from yesterday's hearing on the proposed Ticketmaster-Live Nation merger before the House Judiciary Committee's Subcommittee on Courts and Competition Policy. [more..]

New York - The New York Times will debut a local neighborhood blog network next week, which will cover "cultural events, bar and restaurant openings, real estate, arts, fashion, health, [and] social concerns," according to an email sent to Brownstoner.com republished by TechCrunch. [more..]

Washington - The Slate Group, an online publishing unit of The Washington Post that produces Slate, The Root, The Big Money and Foreign Policy, on Friday named Peggy White as the publisher of Double X, a women's online magazine launching later this year. [more..]

Santa Clara, Calif. - Graphics chipmaker Nvidia on Friday named David White as its executive vice president and CFO. [more..]