Cambridge, Mass. - Amid the rapid deceleration of the economy, Akamai Technologies (NASD: AKAM), a provider of content delivery network services, announced on Thursday that it will cut 7% of its workforce -- or 110 employees -- as part of a restructuring plan.

Seattle - Amazon.com (NASD: AMZN) on Tuesday announced the launch of CloudFront, a new self-service, pay-as-you-go content delivery network (CDN) unit of its Amazon Web Services division.

Cambridge, Mass. - Akamai Technologies (NASD: AKAM), a provider of technology for delivering online rich media, transactions and applications, has signed an agreement to pay $95 million in cash for acerno, a New York-based provider of consumer behavior analytics technology.

Camas, Wash. - Abacast, a provider of real-time streaming media delivery technology, announced that it has acquired Tukati, a provider of peer-assisted on-demand delivery services.

Seattle - Amazon.com (NASD: AMZN) is preparing to launch its own content delivery network service, aiming to offer even smaller websites faster, more efficient delivery of their media and other content to end users, Webmonkey reports, citing a post on the Amazon Web Services blog.

Burlingame, Calif. - BitGravity, a content delivery network optimized for video and rich media, announced on Tuesday that it has raised a $2.5 million seed round of funding, from Allen & Company and individual investors including Sling Media co-founder Blake Krikorian.

Tempe, Ariz. - Limelight Networks (NASD: LLNW), a provider of content delivery network services, announced on Tuesday that it will provide live and on-demand video streaming services to NBCOlympics.com on MSN for its 2008 Beijing Olympics coverage. The deal includes around 2,200 hours of live streaming and 3,000 hours of highlights.

Emeryville, Calif. - Qumu, a developer of Web-based software that allows clients to publish and distribute video content, said on Monday that it has raised $10.7 million in its third round of funding, led by Advanced Technology Ventures.

Tempe, Ariz. - Content delivery network Limelight Networks (NASD: LLWN) said on Wednesday that a federal court has denied rival Akamai Technologies' (NASD: AKAM) request for a permanent injunction against the company, which a jury previously ruled has infringed Akamai's patents.

Mountain View, Calif. - Kontiki, the developer of a managed peer delivery platform for video and digital content, said on Tuesday that it has completed its split from parent VeriSign.

Winter Park, Fla. - Highwinds Network Group, a provider of content delivery network services for IPTV and other applications, announced on Tuesday that it has closed a $55 million round of financing, led by General Catalyst Partners and Alta Communications.

New York - Dragonfly, a provider of Internet video distribution services, announced on Thursday that it has raised $3 million in funding from a group of strategic individual investors.

New York - Pando Network, a provider of peer-assisted content delivery network services, announced on Wednesday that NBC Universal (NYSE: GE) will provide video delivery services for the new NBC Direct service, which will offer free downloads of primetime NBC TV shows. The service will offer full-length episode downloads of shows including "30 Rock," "The Office" and "The Tonight Show," as well as the ability to have new episodes automatically downloaded as they become available.

New York - Panther Express, a provider of digital content delivery network services, announced on Wednesday that it has raised $15.75 million in second round funding, led by Index Ventures.

Toronto - JumpTV, an online broadcaster of sports and international TV programming, announced on Thursday a strategic realignment towards its sports and Hispanic broadcast content, while looking to sell off its content delivery network and content based outside of Latin America.

Burlingame, Calif. - BitGravity on Monday introduced its BG LiveBroadcast platform at the DEMO 08 conference, which the company bills as the first cost-effective, carrier-grade, live broadcasting solution that lets media companies broadcast live content over the Internet to millions of viewers in a high-quality, highly-reliable experience that rivals television." The company said the Flash-based streaming service streamlines the necessary computers to a single device, and more than halves the cost of current installations for content providers.