In This Update:

• Yahoo and Intel to Bring Interactive Applications to TV Sets
• NBC to Acquire British Production Agency for International Unit
• Comcast to Delay Speeds for Heaviest Users During Peak Time
• Microsoft Enlists Seinfeld for Ad Campaign
• Social Median Disregards Securities Regulations with Sale of Stock on Twitter
• Advertisers Line up to Reach Teens on Kiwibox
• Survey: 42% of Web Users Sneak Onto Other Online Accounts
• Report: Online Ad Industry Dealmakers Busy Despite Dull Economy
• Clear Raises $44.4 Million Round for Fast-Track Airport Security
• Ad Net Turn Raises $15 Million Third Round

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Progress Partners client, Wavexpress, has partnered with NBC Sports and Microsoft to offer HD coverage of the 2008 Beijing Olympics in Windows Vista Media Center. To download the application and watch Olympics events, visit: http://www.tvtonic.com/olympics/install/?referrer=pp

Yahoo and Intel to Bring Interactive Applications to TV Sets
DIGITALMEDIA WIRE
Yahoo and Intel announced a partnership that will see them collaborate on the development of Web widgets that will bring interactive features to TV viewing. A new Intel chip will be marketed to makers of televisions and set-top boxes,that will enable them to access Yahoo widgets that provide features like e-mail checking, news, weather and sports scores. The companies will create a Widget Channel, accessible directly via TVs and set-tops, where users will be able to select and activate the widgets.
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NBC to Acquire British Production Agency for International Unit
NEW YORK TIMES
NBC Universal said on Wednesday that it had signed an agreement to acquire Carnival Film and Television, an independent production agency in Britain, giving it a base of operations for international expansion. Carnival will be merged with a new NBC division dedicated to international television production. “The mandate is to expand outside of the U.S.,” said Angela Bromstad, the president of the division, which was set up last summer.
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Comcast to Delay Speeds for Heaviest Users During Peak Time
BLOOMBERG
Comcast Corp. plans to slow Internet service to its heaviest users during periods of congestion, after regulators ordered the company to devise a new method for managing its Web traffic.
The top Internet speeds for targeted customers will be reduced for periods lasting 10 minutes to 20 minutes, keeping service to other users flowing. The U.S. Federal Communications Commission found on Aug. 1 that Comcast had improperly blocked peer-to-peer programs such as BitTorrent that are used to share videos and other files. In an order posted on its Web site today, the FCC gave the Philadelphia-based company 30 days to provide details of its “unreasonable network management practices” and show how they would be changed by year-end.
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Microsoft Enlists Seinfeld for Ad Campaign
REUTERS
Seinfeld, known for his eponymous television sit-com, will appear in ads with Microsoft Chairman Bill Gates and will receive about $10 million for the work, the report said. The attempted image overhaul comes in the wake of Apple’s “Mac vs. PC” ads, which feature a nerdy PC guy getting upstaged by a hip Mac counterpart.
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Social Median Disregards Securities Regulations with Sale of Stock on Twitter
TECHCRUNCH
SocialMedian founder Jason Goldberg wrote a Twitter message letting people know that they are raising a new round of funding, up to $500k, and to contact him if you’re interested. The whole purpose of the Securities Act of 1933 is to prohibit public offerings like these unless accompanied by a registration statement and a valid prospectus approved by the Securities and Exchange Commission.
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Advertisers Line up to Reach Teens on Kiwibox
MEDIAPOST
Facebook had its Beacon troubles, and Google brass has admitted that they’re having a hard time trying to help News Corp. wring money out of MySpace, but for Kiwibox, a teen-oriented social network and online magazine, monetization is not a problem. The network boasts a weekly content production schedule, churning out original articles, photo spreads and videos created in part by its member base. Members earn KiwiPoints for their editorial content, which can then be redeemed for prizes like iPods and Nintendo Wiis.
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Survey: 42% of Web Users Sneak Onto Other Online Accounts
INTERNET EVOLUTION
In an online survey, 42 percent of Internet users admitted to logging into other people’s email and social networking accounts without their knowledge. The poll doesn’t ask if passwords were found, granted, or stolen – which would make for further interesting results. The write-up summarizing the results defines the respondents as part of an “educated tech-readership” and questions the ethics of logging onto someone else’s account, and whether those differ depending on the person and relationship.
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Report: Online Ad Industry Dealmakers Busy Despite Dull Economy
CLICKZ
The level of investment deals and acquisitions involving companies in the online advertising world have remained healthy, says a new report by ContentNext Media. The “Online Advertising Deals Report” focuses on activity between the second quarter of 2007 and the second quarter of 2008. During the period, there were 160 venture capital investments in the industry, according to the report. Most but not all of those -137 – revealed financial information; disclosed investments added up to more than $1.9 billion.
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Clear Raises $44.4 Million Round for Fast-Track Airport Security
VENTUREBEAT
Clear, the security company that pre-clears air travelers has raised $44.4 million in a new round of funding. The New York company will use the money to expand its reach to more consumers and airports across the country. The round was led by new investor Spark Capital. Other investors include Syncom Venture Partners, and existing investors Lockheed Martin, GE Security, Baker Capital, Lehman Brothers, and Clear founder and CEO Steven Brill.
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Ad Net Turn Raises $15 Million Third Round
PAIDCONTENT
Ad net Turn Inc. has announced its second big raise just this year. The Redwood City, CA-based company has taken a $15 million third round led by Focus Ventures, along with past backers, Norwest Venture Partners, Trident Capital, and Shasta Ventures. It has now raised a total of $37 million. The overall numbers look impressive for Turn: The company is the 16th largest ad network, per *comScore’s* measurements, and it did 1.9 billion ad impressions in July.
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