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12:40 PM ET, December 20, 2008


 Top Items: 
Michael Arrington / TechCrunch:
Digg's Sorry Revenue Stream, And Rumors Of An Experimental Ad Product  —  So Business Week gets their hands on Digg's financials and reports that the company had 2007 revenues of $4.8 million and losses of $2.8 million.  The first three quarters of 2008 Digg had revenues of $6.4 million and losses of $4 million.
Discussion: and Creative Capital
Nicholas Carlson / Silicon Alley Insider:
Digg's Miserable Business  —  BusinessWeek got ahold of social news site Digg's financials.  —  For a site that gets as much traffic as does — 22.6 million monthly uniques, according to Quantcast — the numbers are gruesome:  — Last year the company lost $2.8 million on $4.8 million of revenue
Henry Blodget / Silicon Alley Insider:
Huffington Post Blasted For Stealing Content  —  The Huffington Post's news aggregation business drives enormous traffic to the third-party sites its editors link to (including, occasionally, this one).  The Huffington Post also often excerpts liberally from third-party sites' stories and uses …
Discussion: Chicagoland
Ryan Singel / Epicenter:
The Huffington Post Slammed for Content Theft  —  The Huffington Post, a venture-capital-backed new media site that mixes links to other sites content with hundreds of celebrity and volunteer blogger posts, is being accused of slimy business practices by a handful of smaller publications …
Discussion: Chicagoland and Gawker
Harry McCracken / Technologizer:
The Wide (and Weird) World of Two-Screen Laptops  —  Lenovo's upcoming ThinkPad W700 mobile workstations are loaded with high-end features, including Intel Core 2 Quad CPUs and Nvidia Quadro Express graphics, RAID storage, and built-in Wacom pen tablets.  But one feature is as close …
Discussion: eWeek
Andrew Edgecliffe-Johnson / Financial Times:
Warner Music pulls out of YouTube licensing deal  —  Warner Music, one of the first media companies to strike a licensing deal with YouTube, has demanded that the Google-owned site pull down all videos from its artists and songwriters, in a move affecting millions of pieces of professional and user-generated content.
Discussion: CNET News
Prince McLean / AppleInsider:
Future iPhones to wield OpenCL acceleration  —  Imagination Technologies has posted a series of job openings for OpenCL engineers, indicating that the open, general purpose GPU parallelism technology Apple spearheaded for use in Mac OS X Snow Leopard is destined to also play a significant role …
Discussion: The iPhone Blog and Fast Company
Jake Coyle / Associated Press:
On the Net: Hulu is Web site of the year  — In the Wild West that is online video, has proven to be a trailblazing answer to how professional content can thrive on the Web.  —  It's this year's pick for Web site of the year.  —  “This is period of great experimentation in regard to media …
comScore Releases November 2008 U.S. Search Engine Rankings  —  comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today released its monthly comScore qSearch analysis of the U.S. search marketplace.  In November 2008, Americans conducted 12.3 billion core searches …
Todd Bishop / TechFlash:   Google search share hits new high, as Microsoft matches its all-time low
Michael Arrington / TechCrunch:
Facebook Stares Down Labels Over Project Playlist Takedown Demand  —  Earlier this afternoon MySpace scrubbed all traces of Project Playlist music widgets from the site, and users are unable to embed any further playlists.  The scrub was the result of infringement notices from the major labels …
Discussion: The Social
Michael Arrington / TechCrunch:
MySpace Puts The Hammer Down On Project Playlist
Discussion: hypebot and VentureBeat
Saul Hansell / Bits:
What Xbox Wants to Be When It Grows Up  —  (Credit: David Paul Morris/Getty Images)  —  After more than four years running Microsoft's game studio, Shane Kim was given a new assignment this fall, running strategy and business development for the unit that makes the Xbox game console.
Discussion: Kotaku and Gizmodo
Staci D. Kramer /
SEC Mandates Interactive Filing; Will Start Phasing In Next Year  —  The news is filled with stories of how much the Securities and Exchange commission has missed but, hey, maybe some of the atrocious examples of financial skulduggery could have been caught sooner if the commission had moved faster towards interactive filing.
David Kravets / Threat Level:
No ISP Filtering Under New RIAA Copyright Strategy  —  The Recording Industry Association of America on Friday announced a new strategy in its quest to curtail online copyright infringement — a plan that for now requires no filtering from internet service providers.
Michael Masnick / Techdirt:
Why Do Undersea Cables Seem To Get Severed In Bunches?  —  There's just something about undersea internet cables that seem to have them get severed in groups.  You may recall the various conspiracy theories that cropped up, at the beginning of the year, after four such cables were broken …
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 More Items: 
David Kaplan /
Newspapers Suddenly Adapt To Socal Media; Nearly 60 Percent Offer User-Gen Content
Discussion: PR 2.0 and Journalistopia
Erick Schonfeld / TechCrunch:
Pandora Hits 20 Million Registered Users (Via Twitter)
Discussion: Online Media Cultist and
Declan McCullagh / CNET News:
After six years, Homeland Security still without ‘cybercrisis’ plan
John Cook / TechFlash:
Mag regrets Count Me In CEO story, says it went to press before scandal
MG Siegler / VentureBeat:
Google Reader quietly launches a “What's hot” …
Jenna Wortham / Bits:
Filtering Twitter, One Tweet at a Time
Discussion: Twist Image and
Connie Loizos / PE Hub Blog:
FreedomPay Raises More $$  —  FreedomPay, a 9-year-old cashless …
Zach Epstein / Boy Genius Report:
iPhone 3G goes on sale for two weeks only at Best Buy Mobile
 Earlier Items: 
Matt Richtel / Bits:
Job Losses Hit the Tech Sector
Eric Eldon / VentureBeat:
AOL using AIM chat to boost Bebo, challenge Meebo
Rory Cellan-Jones / blog:
Five grand for Sock And Awe
Eric Savitz / Tech Trader Daily:
Google: Is The Search Ad Business In Trouble?
Discussion: Clickety Clack
Colin Barras / New Scientist:
Fat fingers no problem with ‘see-through’ touchscreen
Discussion: Hack a Day, Gizmodo, Engadget and Slashdot