Baltimore - Tribune, the Chicago-based media company that owns a variety of newspapers and TV stations, could be sold by the end of the week, Bloomberg News reported. [more..]

Munich - The European Commission's director general for competition has cautioned against imposing regulations on Apple's iPod on the grounds that its closed architecture impedes competition, Reuters reported on Wednesday. [more..]

New York – Microsoft is considering a $2 billion price tag for online advertising firm DoubleClick, reports the Wall Street Journal.  The company, founded in 1996 and taken private in 2005 for $1.1 billion by San Francisco-based private equity firm Hellman & Friedman, had approximately $150 million in revenue last year. [more..]

Redmond, Wash. - Microsoft announced on Wednesday plans to release Xbox 360 Elite, a new version of its video game console that will sport a 120GB hard drive and HDMI port to support high-definition gameplay. [more..]

*A correction has been made to the original version of this story. New York - Performing rights organization BMI has said in its third annual projection of U.S. ringtone sales that it expects an 8% downturn in 2007, with sales dipping to $550 million. [more..]

Washington - The Federal Communications Commission (FCC) has proposed a $100,000 fine against Amp'd Mobile, for failing to protect its customers' calling records, the Associated Press reported. [more..]

Sunnyvale, Calif. - Yahoo has announced plans to offer unlimited e-mail storage to its customers starting in May, upping the ante in the free e-mail space where Google offers 2.8GB for free and Microsoft 2GB. [more..]

Orlando, Fla. - Wireless carrier Sprint has announced that next month it will slash the cost of full-track downloads on its mobile music service, from $2.50 each to 99 cents. [more..]

London - Playlouder MSP announced on Wednesday that major record label EMI has licensed its catalog for sharing on the U.K.-based Internet access service, which provides payments to artists and copyright holders in exchange for the rights of its subscribers to freely share music with one another. [more..]

Washington - dotMobi, an Irish joint venture offering Internet addresses for mobile phones, said on Wednesday that it has received an investment from Visa International. [more..]

London - Webjam, a provider of software that allows consumers to create an online presence that integrates blogs, photos, message boards, news feeds and maps, announced on Wednesday that it has raised $2 million in its first round of venture capital financing, from France's I-Source Gestion. [more..]

Orlando, Fla. - Viacom on Wednesday debuted a number of new mobile media offerings across its MTV, Comedy Central and other properties, with MTV Networks announcing that Pepsi and Intel have signed on as charter sponsors of its mobile programming. MTV Networks also expanded its partnership with Sprint; the carrier now offers 14 live streaming and VOD mobile channels. Viacom's Comedy Central, meanwhile, introduced a new 40-level mobile game called "South Park 10: The Game," developed by RealNetworks' mobile game studio. [more..]

Washington - Yahoo's news division announced on Wednesday that it has partnered with The McClatchy Company to offer international news coverage from McClatchy foreign correspondents based in Iraq, the Middle East, China and Latin America. The "Trusted Voices" project, set to launch early in the second quarter, will include both traditional news stories and exclusive blog reports on Yahoo News. [more..]

Washington - XM Satellite Radio, a provider of satellite radio services to more than 7.6 million subscribers, said on Wednesday that it has expanded its NavTraffic satellite traffic data service to six new markets. The service is now available in 50 major North American markets. The service feeds data on incidents, such as accidents and road construction, directly to a vehicle's GPS navigation system. [more..]

Burbank, Calif. - TVN Entertainment, a provider of video-on-demand programming to cable, satellite and telco TV services, on Wednesday announced the launch of Caught On Demand, its seventh new VOD channel. The channel will feature real-life video gathered from security cameras, police cruiser cameras and personal cell phones, organized into segments 5-7 minutes long with titles like "Amazing Crashes" and "Dumbest Criminals." [more..]

New York - BrainMedia on Wednesday introduced its music and video delivery platform for mobile devices, which is slated to go live in North America next month. Built for Qualcomm's BREW, the service will initially feature music discovery and full-track downloads, eventually expanding to include community features, dynamic radio generation and delivery of streaming and video content. New York-based BrainMedia's service is based on its Neural Encoding Model (NEM) codec, which the company says creates near CD-quality audio for ultra low bit-rate mobile distribution. [more..]

Mountain View, Calif. - Fliptrack on Wednesday introduced its online service that allows users to create personal music videos, and announced a partnership with Nettwerk Music Group on a promotion that lets users create a music video for the Barenaked Ladies. Mountain View, Calif.-based Fliptrack's service asks users to pick a song from its library; a wizard interface then automatically matches user photos to song rhythms. Text, effects and transitions can be added to the video, which when finished may be embedded on MySpace or other sites. [more..]

Tokyo - Japanese game developers Sega and Nintendo announced on Wednesday that they are collaborating on a joint title, "Mario & Sonic at the Olympic Games." Featuring renditions of the official venues of the Beijing 2008 Olympic Games, the game for Nintendo Wii and DS will be published in the fall of 2007 by Sega across Europe and North America, and by Nintendo in Japan. [more..]