AOL outlined fresh measures to appease activist shareholders skeptical about its turnaround efforts, including returning to shareholders all proceeds of its $1.1 billion patent sale to Microsoft, as well as nominating independent board members. It also re ported a big increase in profit for the first quarter.

AOL outlined fresh measures to appease activist shareholders skeptical about its turnaround efforts, including returning to shareholders all proceeds of its $1.1 billion patent sale to Microsoft, as well as nominating independent board members. It also re ported a big increase in profit for the first quarter.

Facebook has tweaked the way it displays news stories in its new “trending articles” feature, and the result is bad news for media organizations.

The New York Times unveiled a new social-media advertising program that attempts to attract marketers beyond ads on their websites.

Yahoo told prospective advertisers that its expanded video programming will include a weekly show hosted by Katie Couric called Katie's Take. Several online-video companies, including YouTube, AOL and Hulu, are hosting their versions of an upfront ad-sales pitch.

Current TV has fired Keith Olbermann, citing a lack of “respect” and “collegiality” in its relationship with him, following months of open warfare between Olbermann and Current executives in the press. He will be replaced by Eliot Spitzer, the former New Y ork governor who had been a frequent guest on “Countdown”...

Current TV has terminated its relationship with Keith Olbermann and will replace his show with a program hosted by Eliot Spitzer. UPDATE: Olbermann will file suit agaisnt Current TV. His full statement is available here. The complete memo from Current TV: To the Viewers of Current: We created Current to give voice to those Americans who refuse to rely...

As a political analyst on Fox News, Karl Rove is often asked to play the role of hypothetical adviser to various GOP candidates. And no matter how hard Sean Hannity teasingly tries to get him to admit who he supports, he refuses to endorse one. When he rif fs about what a “terrific speech” that Mitt Romney made in November, he’ll make...

Take it from former New Hampshire Sen. Judd Gregg - who won more than $850,000 from the Powerball lottery in 2005 – the lucky winner of Friday’s record-breaking $640 million Mega Millions lottery jackpot will want to get professional help to manage their n ew fortune. “Obviously, anybody who comes into that kind of money will want...

Connects martial-arts group to Bangkok bombings.