Ad-supported music company SpiralFrog has reportedly hit a rough patch. CEO Robin Kent, former CEO of Universal McCann Worldwide, was forced out late last year, according to CNET News. At least five other execs and three board members left in his wake, CNET reported.

As industry watchers await Yahoo's fourth quarter earnings report, due out tomorrow, brokerage house Merrill Lynch has issued another optimistic report on the company.

Aiming to give average consumers advice about money management, Yahoo today unveiled a new finance section with articles about home mortgages, taxes, college loans and the like. Previously, the Yahoo Finance section focused on stocks.</

MySpace has just been hit with four new lawsuits, brought by families of girls who allegedly were sexually abused by people they met online. "Social networking sites can lead to heinous abuse by Internet predators," an attorney representing the families told Reuters.

Many of the largest online newspapers, including The New York Times, The Wall Street Journal and The Washington Post, have beefed up efforts to create blogs. Consider, the Times alone now boasts Screens, a blog devoted to online video; Carpetbagger, about the Oscar awards; and The Lede, dedicated to further exploring major news stories, among other relatively new blogs

Netflix today took a significant step towards online distribution with the announcement that it will start rolling out streams of movies on top of its snail mail service. The company will offer select subscribers now paying $18 a month for three rentals at a time the chance to also stream up to 18 hours of video for free.

With TV networks poised to embrace social networking, NBC Universal reportedly is working on a far-reaching plan to create social networking communities for its major TV shows.

In the latest move in the dynamic digital music space, AOL said it tapped Napster as supplier for its music subscription and sales service. The deal comes only about 14 months after AOL purchased MusicNow.

CBS intends to amp up its online efforts. At least, that's what Les Moonves, network president, told the crowd this week at the Consumer Electronics Show in Las Vegas. "There's no such thing as old or new media anymore; we're just media," he said.

Apple's new iPhone seems to have awed virtually everyone who's seen it, at least judging by the reports out of MacWorld. The gadget certainly looks elegant, though how well it works will remain a mystery until at least June, when Apple starts selling it.