AOL and Microsoft Announce $1.056 Billion Patent Deal

AOL to sell more than 800 patents to Microsoft; Microsoft to license more than 300 additional patents and patent applications from AOL

Transaction is tax-efficient for AOL

Upon closing, AOL expects to return a significant portion of the proceeds to shareholders

AOL Inc. (NYSE: AOL - News) (the “Company”) today announced that the Company has entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft Corporation (NASDAQ: MSFT - News) (“Microsoft”) and to grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.

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Ku6 Media Announces Partnership with Channel[V]

Ku6 Media Co., Ltd. ("Ku6 Media" or the "Company", Nasdaq: KUTV), is a leading internet video company in China, focusing on User Generated Content (UGC), today announced that it has entered into an agreement with Star China to cooperate with its well-known international music television channel Channel[V].   

Pursuant to the agreement, Channel[V] will lanuch its official online channel on Ku6 Media's platform for its current and upcoming music entertainment programs in mainland China.  Ku6 Media will be responsible for all non-content operations including platform operation, online promotion and IT support etc.   

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Spanish Broadcasting System, Inc. Reports Results for the Fourth Quarter and Fiscal Year 2011

Spanish Broadcasting System, Inc. (the "Company" or "SBS") (Nasdaq:SBSA ) today reported financial results for the fourth quarter and fiscal year ended December 31, 2011.

Financial Highlights:

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PFSweb Reports Fourth Quarter and Year-End 2011 Results

Record Service Fee Revenue and Adjusted EBITDA for December Quarter
Service Fee revenue increases 50% in 4Q 2011 compared to prior year

PFSweb, Inc. (Nasdaq: PFSW ), an international provider of end-to-end web commerce solutions, today announced its financial results for the fourth quarter and year ended December 31, 2011.

“We are pleased to report that our Service Fee business segment reported record revenue for the December 2011 quarter of $32.5 million, an increase of 50% compared to the prior year,” stated Mark Layton, Chairman and Chief Executive Officer of PFSweb.

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Perfect World Announces Fourth Quarter and Fiscal Year 2011 Unaudited Financial Results

Perfect World Co., Ltd. (NASDAQ: PWRD ) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 Highlights(1)