Media Bullseye

Popular social networking site Facebook has reached an agreement with attorneys general in 49 states to work together to make the site safer for younger users, including efforts to stymie online predators.

Yahoo has announced SearchScan, the product of a new partnership with McAfee, which will warn users of websites that present potential security risks. McAfee technology will automatically be incorporated into Yahoo searches, and any suspicious sites will flagged with a red letter warning.

Microsoft has announced that it will no longer pursue the acquisition of Yahoo after months of maneuvering and speculation. The company has withdrawn a bid to purchase the company at a price of $47 billion, or $33 dollars per share.

The Associated Press has announced a new service for iPhone users this week, with over 100 of the AP's member newspapers agreeing to syndicate their content. The news stories will be targeted according to location, with the iPhone user's zip code determining the content they receive.

Executives at eBay have a new headache today, thanks to new competition called Wigix, or the "Want it, Got it Exchange." The new service, just launched into public beta, aims to simplify the process of listing and searching for online auction items.

Weekday newspaper circulation has continued to drop this year, as every major daily except USA Today and The Wall Street Journal, who both reported modest gains, reported declines, according to the Audit Bureau of Circulation.

The Newseum, a $450 million tribute to America's reporters and First Amendment, has opened its doors inside the nation's capital. The Newseum's first incarnation came in 1997 across the Potamac in Arlington, Virginia. The museum's backers, led by the Freedom Forum, opted to close that building six years ago as work began at the new and more prominent Pennsylvania Avenue location.

China now has more online citizens than any other country, according to the nation's state run media. Although only 16 percent of Chinese citizens are online, the massive populace made passing the U.S. for the top spot inevitable.

The popular video game Grand Theft Auto is set to release its fourth version amidst a storm of criticism regarding the game's violent images and their potential impact on children.

Spike Lee and Nokia announced today they would collaborating on a film project using cell phone camera coverage compiled from average users. The film will be produced by Nokia, and will consist of three parts, with an "assignment" released online and users given 4 weeks to gather their footage.