Technology, News Media | featured news

The Associated Press has signed a licensing deal with Yahoo Inc. that gives the news cooperative a steady stream of revenue at a time less money is flowing in from newspapers and broadcasters.

AOL is currently in talks to acquire Mashable, the world's largest technology blog. A sale to the content-obsessed internet company would mean Mashable's 24-year-old founder Pete Cashmore really would have everything.

The Los Angeles Times Media Group and U.S. Local News Network Inc. have formed a joint venture that will include launching two news websites aimed at readers and advertisers in Orange County.

Later today, Digg will open up its rumored read/write API. Up until now, developers could only read data from Digg. With the new API, web and desktop apps will also be able to contribute data to Digg. This will allow developers to write desktop and web applications that enable users to interact with Digg without having to go to the site, for example.