Media Roundup: WB Gone From YouTube, Digg Losing Money, and More

(MoneyWatch)  WB pulls out of YouTube -- Warner Brothers Music Group has pulled all of their content off of YouTube after licensing negotiations with Google broke down. The two sides were close to coming to terms on a new deal. [Source: All Things Digital]

Digg losing money -- BusinessWeek has obtained the financials of the popular social news site Digg. The magazine reports that in the first three quarters of 2008, Digg has lost $4 million on $6.4 million in revenue, and most of Digg's income comes from an advertising deal with Microsoft. [Source: BusinessWeek]

Huffington Post accused of content theft -- The Huffington Post, the news Web site known for mixing links to news articles with original content, has been accused of stealing content by smaller content publishers. The Post refutes the allegations, claiming they send traffic to outside sources similar to other news aggregators. [Source: Epicenter]


Denver paper starts Web site to save itself -- The Rocky Mountain News has started a Web page making a direct appeal to readers to help save the paper. Management has told employees that the paper may be closed if no suitable buyer is found by mid-January. So far, iwantmyrocky.com has received over 300 comments. [Source: New York Times]

The Week sees gain in ad revenue -- While most magazines are seeing a decline in ad numbers, The Week saw a three percent uptick in 2008 ad pages. The magazine, an aggregator of opinion pieces put out by U.K. magazine magnate Felix Dennis, attributes the stability to its sophisticated readers. [Source: MediaBistro]