Memphis, Tenn. - Apple CEO Steve Jobs is "now recovering well and has an excellent prognosis" after receiving a liver transplant, the Methodist University Hospital Transplant Institute, which performed the procedure, said in a statement on its website. [more..]

Silver Spring, Md. - John Malone, the former chairman and CEO of Discovery Communications parent Discovery Holding, will pay $1.4 million as part of a settlement with the Federal Trade Commission (FTC) over allegations that he purchased company shares last year before the expiration of a waiting period required by law. [more..]

Rockville, Md. - ZeniMax Media, the parent company of "Fallout" and "Elder Scolls" developer Bethesda Softworks, announced on Wednesday that it has acquired id Software, the developer of game franchises including "Doom," "Quake" and "Wolfenstein." [more..]

Agoura Hills, Calif. - Video game publisher THQ announced on Wednesday a reorganization of the company into three new business units, centered on core games; kids, family and casual games; and online games, and promoted executives to manage each of these units. [more..]

New York - Time Warner announced on Wednesday that it has signed a deal with cable TV provider Comcast to make programming from its Turner Broadcasting unit available on-demand, as well as online, to Comcast subscribers free of charge. [more..]

Mountain View, Calif. - LinkedIn, the operator of an online professional network with more than 42 million members, on Wednesday named Jeff Weiner as its new CEO, replacing company founder Reid Hoffman, who will remain executive chairman.
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London - Setanta Sports, a provider of premium and pay-per-view sporting events like English Premier League football, has switched off its signals to nearly three million British households, a day after entering administration, or bankruptcy proceedings, Reuters reported.
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New York - AdMeld, a provider of online ad optimization services, announced on Wednesday that it has raised $8 million in second round funding, led by Spark Capital and Foundry Group. [more..]

Philadelphia, Penn. - Redlasso, a service that provides news video clips to bloggers for use on their sites, has raised $1.25 of a $2 million round of venture capital financing, led by real estate executive Daniel Keating III. [more..]

Collinsville, Conn. - Fanzter, a privately-held new media development company, has acquired Mustache Inc., a Virginia-based creator of several applications for the iPhone and iPod touch platforms, as well as multiple software and Web platforms. [more..]

Seattle - RealNetworks on Wednesday released RealPlayer SP, an application that lets users transfer video from many websites onto their social network profiles or various portable media players. [more..]

San Diego - In a move to cut prices for consumers, Qualcomm plans to begin offering its FLO TV mobile TV service direct to consumers later this year, The New York Times' Bits blog reports. [more..]

New York - ReverbNation, a provider of online music marketing services, on Wednesday announced a new Sponsored Songs program that will provide up to 1,000 artists the opportunity to earn money when their songs are downloaded by fans. [more..]

Somerville, Mass. - The Echo Nest, the provider of a "music intelligence" platform, on Wednesday announced the launch of its Fanalytics platform, which "applies patented Web crawling, machine learning and semantic Web technology to help artists and labels better understand, locate and build their online fan base." [more..]

San Francisco - StubHub, the secondary ticket marketplace owned by eBay, announced that it has partnered with Time Warner's AOL Music, which will integrate its Fan to Fan marketplace into AOL Music to offer users instant access to tickets. [more..]