Paris - After a rocky road to passage in the French Parliament, the country's controversial "three-strikes" law, which would have disconnected repeat file-swappers' Internet access, has seen the disconnection portion of the law stripped by the country's high court. [more..]

San Francisco - News Corp.'s MySpace online social network is preparing for a "massive" round of layoffs, a source tells TechCrunch, while another pegs the number of cuts at between 300 and 500. [more..]

San Francisco - Traffic to microblogging service Twitter, which had rocketed in recent months with promotional plugs from Oprah and Ashton Kutcher, has flatlined, or even declined, according to reports citing data from measurement firms Compete and Quantcast. [more..]

Duluth, Minn. - A federal judge has denied accused file-swapper Jammie Thomas' request to disallow evidence from MediaSentry, the firm hired by record labels to track activity on file-sharing networks and gather evidence on suspected copyright infringers, CNET News.com reported. [more..]

New York - Trying to ramp up its revenue in local advertising, AOL on Thursday said that it has acquired New York-based Patch Media, a provider of local news and information focused on local towns and communities, and Boston-based Going Inc., developer of a platform where users share information about local activities. [more..]

Los Angeles - Online classifieds giant Craigslist is on track to generate $100 million in revenue this year, up 23% from its estimated revenue of $81 million last year, according to a report from market research firm AIM Group/Classified Intelligence. [more..]

Dulles, Va. - For the second straight year, AOL heads MSN Money's "Customer Service Hall of Shame" survey, which annually ranks companies based on the experiences of their customers. [more..]

Miami - Ad agency Crispin Porter & Bogusky, a unit of MDC Partners, announced on Thursday that it has acquired Swedish digital ad agency Daddy for an undisclosed sum. [more..]

New York - Answers Corp., creators of online reference sites Answers.com and WikiAnswers.com, announced on Thursday that venture capital firm Redpoint Ventures has exercised its option to purchase another $7 million of the company's stock.
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Washington - Digital music industry veteran Jim Griffin says that "tens of thousands" of students have signed up to pay for a proposed legal peer-to-peer file-sharing network, called Choruss, that would be offered at U.S. universities, The Register reported. [more..]

Los Angeles - Nine Inch Nails frontman Trent Reznor, who abandoned the major label system and has been testing various online distribution models, has announced that he will be "tuning out" of social networking sites. [more..]

Sunnyvale, Calif. - Yahoo Music has launched its own free iPhone application, providing users with 150 Yahoo Music streaming stations, in addition to over 100 stations from CBS Radio, which developed the application. [more..]

Redwood City, Calif. - Electronic Arts said on Thursday that Orlando Magic center Dwight Howard will grace the cover of its "NBA Live 10" game. [more..]