social media

Karlheinz Brandenburg, credited with at least jointly "inventing" MP3, has joined with a German development bank to invest in DJTunes, a European music download site offering house, techno, trance and electro tracks in that very file format.

Last month, Networked Insights released a study challenging the Nielsen Co.'s ratings system by measuring what content is being discussed and shared online.

This how-to was syndicated from a four-part series on social media created by Leigh Householder. Read more about her at the conclusion of the article.
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The news that Jerry Yang would be stepping aside as CEO of Yahoo (NSDQ: YHOO) cheered investors, but online ad industry execs aren't sure much has changed. And while shareholders would be thrilled by a Microsoft (NSDQ: MSFT) takeover, advertisers and publishers can't tell if that will ultimately prove positive either.

For most of the sports-viewing world, the big news in the deal announced today between ESPN (NYSE: DIS) and the Bowl Championship Series is the price tag—an estimated $500 million—and the apparently inexorable move of major sports from free over-the-air broadcast to subscription-supported cable.

From our sister site PCUK: Independent News & Media (INM) plans to make about 60 redundancies from its 250 Independent editorial staff by the New Year, in a US-style slash-and-burn that this country has rarely seen outside regionals and magazines. In all, 90 of 424 total staff will go in a bid to save £10 million, FT.com says.

Yahoo's stock had another down day—its last trade dropped $0.19 to close at $10.63—but it could have a nice lift as word of Jerry Yang's decision to step down as CEO takes hold.

Social network Multiply.com has received $5 million in funding from ABS-CBN, one of the Philippines' largest media companies.

The details are still sketchy and the official announcement has yet to be made by ESPN (NYSE: DIS) and the Bowl Championship Series Group but Fox Sports said today that it will not be hosting the premiere college football games after its current contract expires in 2010.

ESPN founder Bill Rasmussen's nascent College Fanz Sports Network is expanding with the acquisition of Victory Sports Network, which bills itself as the "dominant voice" of the National Association of Intercollegiate Athletics (NAIA). No financial terms were disclosed. Based in Grand Island, Neb., VSN started in 2002 to cover NAIA football; it formerly was known as naiasports.net. It produces web sites, magazines and syndicated radio broadcasts. Founder Jason Dannelly joins College Fanz.