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"The scheduling change is among the first examples of an informal new agreement U.S. theater owners are discussing with the six major Hollywood studios: The exhibitors would let the studios experiment more with DVD release dates. As a result, studios could each release one or two movies a year on DVD a month or so sooner than they usually do, according to people familiar with the matter. The seemingly minor move could portend a big shift in the movie business down the road. The nascent arrangement, which has been under discussion for several months, highlights the growing pressure on the longstanding backbone of Hollywood's business model, an elaborate system known as "release windows." By separating a movie's release in theaters from the time window of when it is released on DVD or cable TV, studios were able to maximize revenue. DVD sales, for example, didn't eat into a movie's take at the box office."

Numbers of people viewing online video during primetime have increased following the spread of over-the-top technologies.

"News Corp. agreed to pay $70 million for a stake in the media company owned by Saudi billionaire Prince Alwaleed Bin Talal, one of its largest shareholders. The New York media conglomerate will take a 9.1% stake in Rotana Group, with an option to double its holdings in 18 months. Corp. will have two seats on Rotana's six-person board. The investment gives News Corp its first significant foothold in the Middle East, where it expects economies to grow quickly."

Because of staff cuts, ABC and CBS are relying on journalists who can use digital equipment to produce stories themselves, or just use smaller teams.

"Media-ownership rules should be loosened to allow more consolidation and attract capital to the industry, representatives of the investment community said Tuesday at a Federal Communications Commission workshop on how the agency might change ownership rules later this year."

At an FCC workshop, industry representatives argue for relaxed media-ownership rules to allow more consolidation and to attract capital to the industry. FCC officials are looking at what the agency can do to improve the health of the newspapers, TV and radio stations, which continue to lose customers and advertising revenue to online competitors.

Price cuts by the two biggest U.S. wireless providers, AT&T and Verizon, could put beleaguered Sprint Nextel Corp., the country's No. 3 wireless carrier, in an even tighter bind as it fights to turn around its fortunes.

"International cable company Liberty Global Inc. has reached a deal to sell its stake in a Japanese telecommunications-services provider for $4 billion, a transaction that will help it focus on consolidation of the European cable-TV industry."

European commission is providing aid to the Spanish film industry to increase diversity for Spanish audiences.

If they Comcast-NBC merger goes through, the conglomerate could gain serious clout in negotiations between local station owners and local cable systems for the right to retransmit broadcast tv signals.

"The holding company of MediaNews Group Inc., the publisher of dozens of newspapers including the Denver Post and the San Jose Mercury News, plans to file for bankruptcy protection as soon as this week, according to people familiar with the matter."

Apple is looking to renovate old media and content distribution in the home and classroom

Should the FCC change rules that prevent consumers from losing channels during fee disputes between broadcasters and cable operators?

ROME-Google Inc. on Wednesday said it will scan ancient Italian literary texts ranging from Galileo Galilei to herbal medicine manuals as part of the Internet company's first publishing partnership with a national government. The deal involves digitizing up to one million books held in the National Libraries in Rome and Florence.

Discusses how Google's ambitions have grown recently, as the company now desires to enter the realms of social networking and ecommerce. It's only a matter of time before Google conquers the world.

"Media-ownership rules should be loosened to allow more consolidation and attract capital to the industry, representatives of the investment community said Tuesday at a Federal Communications Commission workshop on how the agency might change ownership rules later this year."

Back in June , the market was flirting with the idea that Amazon was looking to acquire Netflix. Analysts largely dismissed the combination then. After all, Amazon itself is preparing for a world that is moving away from physical products like books and CDs, and is instead placing emphasis on digital delivery via the Kindle and other devices. Why would the online retailing giant want to buy a company that processed millions of scratched, misplaced, and expensive DVDs? Yesterday may mark a change in the perceptions of a Netflix-Amazon deal . In short, Netflix is becoming a lot more attractive to Amazon.

"Just a month after the Federal Trade Commission held hearings on the beleaguered news industry and what the government might do about it, the Federal Communications is getting into the act, too."