Here's the latest action:

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Digital TV transition -- About 2.8 million aren't ready for the switch from analog to digital TV on Friday. Barry Diller on content -- The CEO of IAC says, make people pay for it. Paidcontent (of course) has more.

Fifteen iPhone Apps rendered obsolete by the new iPhone -- The lesson is, stay out the way of Apple, which is like a vacuum cleaner in sucking functions into the iPhone.

Microsoft to discontinue MS Money -- After losing out big time to Quicken, Microsoft is giving up on personal finance software.

Last.fm founders leaving -- CBS acquired them. But now Felix Miller and his co-founders are leaving the company they started in 2002.

Web 2.0 is English's millionth word -- Federated Media's John Batelle marvels at how Web 2.0 is institutionalized now. Will Web Squared also become an official word?

Yahoo distributes its version of Hadoop -- Yahoo supports the free Java software framework that enables the distribution of data-intensive apps.

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No Google company trips -- Due to cutbacks, the do-no-evil company is cutting trips to Disneyland and other employee perks.

Schmidt dings Bing -- Google CEO Eric Schmidt criticizes Microsoft's new search engine and Yahoo as well.

Let's chop it in two -- The New York Times muses whether the venture capital industry needs to shrink dramatically.

Shrinking game sales -- Analysts expect that May sales numbers for video games, being announced tomorrow, won't top last year's stellar numbers.