GE and Vivendi move closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source familiar with the situation. Full Article
Google has won a seat at the smartphone table. But its success getting handset makers and wireless carriers to adopt its free smartphone software has not yet translated into a material benefit to finances. Full Article
If AOL's announcement of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over. Full Article
Playboy spent 56 years making sure that the world would know it by the sign of its bunny ears. Now that the company is up for sale, Playboy's iconic logo, not the magazine, might be what saves it. Full Article
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