Los Angeles - Confirming earlier reports, Universal Music Group announced on Thursday that it has made an equity investment in Buzznet, the music-focused social media site, and will share revenue with and be directly involved in developing editorial programming for the site. Financial details of the deal were not disclosed.

New York - Gawker Media, the blog network that includes Gawker, Defamer, Gizmodo, Wonkette and Jezebel, announced on Monday that is selling its Idolator, Gridskipper and Wonkette sites. "To be blunt: they each had their editorial successes; but someone else will have better luck selling the advertising than we did," Gawker Media founder and publisher Nick Denton said in a post on Gawker.com.