Commentator and Web entrepreneur wannabe Rob Long wants you to hear the "elevator pitch" for his new website. He knows you're busy. He'll keep it simple. . . . Go!

Media conglomerate Viacom has sued Google and YouTube for a cool billion dollars, complaining about what it calls YouTube's brazen disregard for intellectual property law. Lisa Napoli reports.

The British government is looking into TV talent contests and call-in quiz shows, which may have engaged in televised rip-offs. Stephen Beard reports.

Hollywood's box office has returned to health despite all the doomsday predictions of two years ago. And Daily Variety's Mike Speier says we ain't seen nothin' yet — 2007 promises to be a huge year.

They don't admit wrongdoing, but four major radio broadcasters have agreed to a major FCC fine to settle accusations that they regularly accepted cash from record labels in exchange for airplay.

Sirius CEO Mel Karmazin tried to smooth out House concerns over the company's merger with XM. The satellite broadcaster is forging a $13 billion deal. Kai Ryssdal has more.

As part of its coverage of the NCAA men's basketball tournament, the network is inviting fans to post videos on its website. Janet Babin reports.

Disneyland is suing its hometown of Anaheim, Calif. The park wants to make sure no new housing goes up within two miles of its front door. Pat Loeb reports.

Hedge funds and private equity groups are becoming the stars of Hollywood film financing, to the tune of billions of dollars. Pat Loeb reports.