Real Networks, AOL and Yahoo! Might Pay ASCAP $100 Million

Time Warner’s (NYSE: TWX) AOL unit, RealNetworks (NASDAQ: RNWK) and Yahoo (NASDAQ: YHOO) could stand to pay up to $100 million in royalties owed to thousands of songwriters and publishers, after a federal judge established a formula for determining the payments. The move could force the three online services to pay royalties to the American…

AOL Buys Bebo

Internet dinosaur AOL has bought social networking site Bebo for $850 millon. Now I suspect some of you who read this site may have even heard of Bebo, and that can only mean one thing, AOL is now a social networking playa! Personally, I find I just don’t get enough social networking through MySpace, Facebook…