MySpace Reaches Deal With Another Music Label

The "virtual fifth label" is now friends with MySpace.  Merlin, an organization that represents independent music companies, is supposed to have signed a deal with the social network that should nicely complement MySpace's existing partnerships with EMI, Sony, Universal, and Warner.

Facebook Sends Cease And Desist To Friend-Seller

uSocial is a controversial advertising company that specializes in social media.  For a fee, it promises to get stories on the front page of Digg, direct followers to a Twitter account, and/or find someone Facebook fans (among other things).  But Facebook's put at least a temporary stop to the sale of friends.

Barnes & Noble Says No Nook For Holidays

Barnes & Noble said today it has sold out of its new nook e-reader due to high demand and shipments will not arrive in time for Christmas. “nook continues to be the fastest-selling product at Barnes & Noble, and pre-orders have continued to exceed our expectations,” Barnes & Noble said on its eReading blog.

Bebo May Beat Retreat From Australia

Sometimes you just have to know when to call it quits, and a new report indicates that Bebo has decided now's the time to cut its losses in Australia.  Bebo is supposed to end its operations in the country before the end of the year.