"YouTube CEO Chad Hurley says that the wildly successful video-sharing site will start sharing revenue with its millions of users within months. YouTube is yet to decide how large the payments will be."
"An explosion of online video content and the merging of PCs and TV sets will revolutionize television, ... "In five years from now, people will laugh at what we've had." More and more viewers will abandon broadcast TV, he predicts."
"Lime ... is launching a broadband channel and plans to phase out its traditional cable-TV network. "As we built the business," says Lime CEO C.J. Kettler, "we realized the audience is totally shifting."
"News Corp. is buying a stake in Roo Group, an online video-technology provider. Roo powers the videos on many News Corp. newspaper Web sites."
"Eventually, the producer's cuts will be the versions sold on iTunes and on DVD, meaning that the original broadcast episodes won't go down in history as the official version."
"MTV execs are scrambling to catch up with the hot new hangout spots on the Web. ... "Leapfrog" aims to find "MySpace 2.0." The unit is betting that 3-D environments like the new "Virtual Laguna Beach" will return MTV to the cutting edge."
"Comcast's venture-capital arm, Comcast Interactive Capital, helps the cable giant create an ecosystem of businesses that advance new technologies and, if all goes well, boosts the bottom line."
"LinkedIn... is raising a new round of financing from two top venture capital firms, Bessemer Venture Partners and European Founders Fund. Speculation is increasing that the company could eventually go public or be acquired."
"Larry Page at the World Economic Forum: "I think it's a long time before [computer] displays will be as good as paper." Google guy Sergey Brin responds: "You do?"
"More U.S. teachers are using national and international online news sites in the classroom, ...One teacher says, "Students do not relate to newspapers at all, any more than they would to vinyl records."
"News aggregator Topix.net ...will ...power general merchandise classifieds on Tribune newspaper Web sites, starting with baltimoresun.com and extending to 11 others by May. Consumers will be allowed to upload merchandise ads and photos for free."
"The FCC will soon reassess media-ownership rules. If agency officials conclude that competition from the digital world threatens local television, they might decide to ease the rules and let companies or newspapers buy more stations in a market."
"Comedy Central funnyman Stephen Colbert is embracing citizen journalism with the launch of a blog featuring rumored stories and bogus news tips. The new IntegrityJustice.com will post submissions from everyday people."
"By the year 2010, Millennials, born between 1980 and 2000, will outnumber both Baby Boomers and Gen-Xers and will be the most significant consumer sector for the media & entertainment industries."
"eBay spokesman Hani Durzy told Slashdot the company's decision was based on the "legal complexities" surrounding virtual property."
"RatePoint, the provider of a new, open system for rating websites and other online content, has raised $1 million in its first round of venture capital, led by Prism VentureWorks and .406 Ventures."