Rumors are swirling that online video site Metacafe, based in Israel, might be acquired for $300 million.

In what turned out to be a culture clash of near-epic proportions, Craigslist CEO Jim Buckmaster spoke to the investment community this morning at the UBS global media conference in New York....

In the space of three weeks, AOL, Fox Interactive Media and now Yahoo have shuffled top execs.

Is Google boon or bane to traditional agencies? Maybe a little bit of both, said Martin Sorrell, chairman-CEO of WPP Group. Speaking yesterday at the UBS media conference in New York, Sorrell proposed that Google is a "frienemy" to ad agencies, noting that the search giant wants to work with the agencies' top clients, but at the same time, is competing with agencies by making inroads into print and radio ad sales.

"The audience is dead. Long live the participant." So said Sarah Fay, president of digital media network Isobar, U.S. Speaking this morning at the UBS Global Media and Communications Conference in New York, Fay described how companies are using the latest trends in interactive media for marketing.

Cyberspace is fast becoming as important as the so-called real world. That's one conclusion of a new report from the USC-Annenberg Digital Future Project.