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2:20 PM ET, May 30, 2007

Techmeme

 Top Items: 
BBC:
Music site Last.fm bought by CBS  —  Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (£140m), the largest-ever UK Web 2.0 acquisition.  —  The online network was founded in the UK five years ago and it now has more than 15 million active users.
RELATED:
Joseph Menn / Los Angeles Times:
CBS to buy social network  —  It is expected to pay $280 million for the Last.fm site, which caters to music fans.  —  CBS Corp. is buying a popular social-networking website organized around musical tastes for $280 million, combining a traditional broadcast giant with an early leader in online radio.
Richard Jones / Last.fm:
Last.fm Acquired By CBS  —  Today, Last.fm was acquired by CBS, a company who had the first commercial radio station in the US, ran a record label (CBS Records), and amongst other things are responsible for several respected TV series (CBS on Wikipedia).  —  The team here have spent a lot …
Pete Cashmore / Mashable!:
WOW: CBS Acquires Last.fm for $280 Million  —  I did not expect this one: despite ongoing rumors that Viacom would snap up the music site for a massive $450 million, CBS will announce today the acquisition of Last.fm for $280 million, according to an unverified source.  The aim is to attract young people to the CBS brand.
Fred / A VC:
CBS Buys Last.fm
Discussion: alarm:clock
Reuters:
CBS buys online music site Last.fm
Discussion: CrunchGear
Caroline McCarthy / CNET News.com:
What does CBS want with Last.fm?
Discussion: VentureBeat
Reuters:
CBS tunes in Last.fm
Discussion: alarm:clock euro
Derick Mains / Apple:
Apple Launches iTunes Plus  —  Higher Quality DRM-Free Tracks Now Available on the iTunes Store Worldwide  —  Apple® today launched iTunes® Plus—DRM-free music tracks featuring high quality 256 kbps AAC encoding for audio quality virtually indistinguishable from the original recordings …
RELATED:
Arn / MacRumors:
Apple Releases iTunes 7.2, Launches iTunes Plus (DRM Free) [Now Available]  —  Apple released iTunes 7.2 updated in the Mac OS X Software Update tonight, which offers support for "iTunes Plus", Apple's new DRM-free $1.29 offerings announced in April.  —  With iTunes 7.2, preview …
Tom Spring / Today @ PC World:
Apple Launches iTunes Plus with DRM-Free Tracks
Discussion: TechSpot News
Larry Larsen / Channel 10:
First Look: Microsoft Surfacing Computing!  —  About a year ago I gave a presentation to a group of journalists about gadgets of the future and showed a video about a theoretical multi-touch computing system.  When asked when we would see something like that in the wild, I optimistically ballparked 5-7 years.
RELATED:
Glenn Derene / Popular Mechanics:
Microsoft Surface: Behind-the-Scenes First Look (with Video)  —  The software giant will announce at the D5 conference today that it's built a new touchscreen computer—a coffee table that will change the world.  Go inside its top-secret development with PopularMechanics.com …
Microsoft:
Microsoft Launches New Product Category: Surface Computing Comes …
Christopher Soghoian / slight paranoia:
A Remote Vulnerability in Firefox Extensions  —  See a demo of the attack against Google Browser Sync: (12MB Quicktime).  —  Executive Summary  —  A vulnerability exists in the upgrade mechanism used by a number of high profile Firefox extensions.  These include Google Toolbar …
Discussion: Webware.com and Zero Day
RELATED:
Ryan Singel / Threat Level:
Google, Yahoo, Facebook Extensions Put Millions of Firefox Users At Risk  —  Firefox browser users love the myriad of third-party extensions that tweak the open-source browser's performance, but some of the most popular of those extensions have created a security hole so wide even a newbie AOL hacker …
Brian Krebs / Security Fix:
A New Vector For Hackers — Firefox Add-Ons
Discussion: JD on EP
Miguel Helft / New York Times:
Take Note: Computing Takes Up Pen, Again  —  For more than two decades, the dream of controlling a computer with a pen has seduced and, more often than not, frustrated some of the biggest luminaries in the technology pantheon, including Bill Gates and Steve Jobs.
Discussion: last100 and Tech_Space
RELATED:
Wall Street Journal:
The Shape of Computers to Come?
USA Today:
Table is set for computing
Business Wire:
Fox Interactive Media Agrees to Acquire Photobucket and Flektor, Inc.  —  Web's Fastest-Growing Personal Media Site and Next Generation Web-Based Photo and Video Service to Join News Corporation's Leading Network of Internet Brands  —  "The acquisition of these two companies is a perfect strategic fit …
RELATED:
Blog.Photobucket.com:
Important Photobucket Announcement
Marcus Adolfsson / TreoCentral:
Palm's Foleo a "smartphone companion product"?  —  According to a RSS news feed from Palm, their mystery "3rd category" device is a compact smartphone companion product named Foleo that let's you view and edit emails using a large screen and fullsize keyboard.
RELATED:
Brent Schlender / Fortune:
The trouble with Apple TV  —  Steve Jobs' latest is a dud - and that speaks volumes, says Fortune's Brent Schlender.  —  (Fortune Magazine) — Let's pause for a moment amid the worshipful buzz before the launch of Apple's iPhone in June to consider the heretical notion that Steve Jobs might be promising more than he can deliver.
Discussion: MacDailyNews and MacSlash
John Battelle / John Battelle's Searchblog:
DEATH OF JOURNALISM - BLAME GOOGLE?  NO. ASK GOOGLE TO LEAD?  YES.  —  Thanks to commentor Kimo for pointing me to this SF Gate Op Ed, written by Neil Henry, a former colleague at the Graduate School of Journalism.  —  Snip: … I can't disagree more with what Neil is saying in this first part …
 
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 More Items: 
ChannelWeb Breaking News:
Review: Vista, XP Users Equally At Peril To Viruses, Exploits
Discussion: Ars Technica
James Brightman / Business Week:
PS3 Price Cut Too Little Too Late
Between the Lines:
D5: Microsoft CEO Steve Ballmer on the hot seat
Discussion: AppleInsider and Webware.com
Crayton Harrison / Bloomberg:
AT&T Says Expectations for Apple IPhone Are `Too Low' (Update2)
Eric Eldon / VentureBeat:
Q&A with iLike's Ali Partovi, on Facebook
Blake Snow / Next Generation:
Bungie: Graphical Improvements Coming to Halo 3
 Earlier Items: 
Agence France Presse:
Japanese mobile users to get advance quake warnings
Joseph Thornley / Pro PR:
Mike Arrington brings TechCrunch to mesh
GamePolitics.com:
ANOTHER N.Y. Game Bill - Democratic Proposal Could Turn Retailers into Felons
Discussion: Game | Life
Nick Gonzalez / TechCrunch:
Grateful Dead Fan Site Reborn as Social Network
Discussion: ClickZ News Blog
Caroline McCarthy / CNET News.com:
In defense of Twitter  —  Editor's note: CNET News.com …
Ryan Singel / Wired News:
Which ISPs Are Spying on You?  —  The few souls that attempt …
 

 
From Mediagazer:

The Guardian:
Sources: the Foreign Office has asked the BBC World Service to draw up a budget of up to £70M a year lower than the BBC management says it needs

Anthony D'Alessandro / Deadline:
Sony Pictures' Motion Picture Group Chairman and CEO Tom Rothman signs a multiyear contract extension, making him the longest-serving film chief in Hollywood

Murray Stassen / Music Business Worldwide:
WMG launches the WMG Pulse app in beta to let artists and their teams access real-time information about streaming performance and more across various platforms

 
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