Verizon will launch a "new breed of TV channel" on March 29.  The channel will focus on local news, and be available to FiOS subscribers.  It will be called FiOS1.

A meta-analysis of web video traffic underscores the difficulty of calculating web viewer data.  A look at scores from three different tracking services shows varied results.  However, all three agree on one thing: YouTube is still blowing everyone away.

SellABand is an online music venture that has exploded in popularity.  The service allows bands to post musical content.  Users can choose to pay $10 for music they enjoy.  Bands that reach $50,000 in revenue will record an album in a studio, with a professional producer.

Qwest, AT&T, and Verizon won the right to bid on $48 Billion in government contracts.  Sprint was rejected from the bidding.

In a contentious battle for old media, California businessmen Ron Burkle and Eli Broad have made an increased bid for Tribune Co., beating the standing offer from billionaire Sam Zell.

Reddit will begin showing ads this week.  The site was formerly ad-free.