• Tech blog GigaOM explains why Fox Interactive won't buy YouTube. For why no one else will, see this Valleywag list. [GigaOM]
  • Viacom doesn't need YouTube either, thanks to a sweet distribution deal they just cut with Google Video. With this deal, other sites can embed shows from MTV, Comedy Central, and such; the embedded vids carry ads, and Viacom and Google split the revenue. In other words, everything New Media is Old Media again. [International Herald Tribune]
  • Google is paying $900 million to Fox Interactive if all goes right with its plan to power the search on several Fox sites — most importantly, MySpace. [Battelle's Search Blog]
  • The San Jose Mercury News discovers, two months after the fact, that blogger Robert Scoble left Microsoft. Call it the "Late Edition." [Mercury News]
  • Did BusinessWeek backpedal by editing the print version of its "Digg is worth $200 million" story after bloggers tore apart the online version? Or did the magazine always plan tell online readers one thing and print readers another? [Techdirt]
  • Our big sister Gawker, exploiting the convergence of media and tech to totally step on our turf, reports that tech-media vet Alan Patricof dumped $5 million on the Huffington Post. (Disclosure: Founder Arianna Huffington is Gawker publisher Nick Denton's honorary girlfriend, judging by their party photos. I have a writer's account at the Huffington Post that I never bothered using. Patricof writes for the Huffington Post. One of Patricof's older investments was a startup run by Michael Wolff, who called Patricoff a crank in his book Burn Rate.) [Gawker 1, Gawker 2]