Vid-Biz: iFilm, TV Ads, Veoh and More

Viacom merges and; new entity “” will consist of Spike TV programming, plus content from Comedy Central and gaming properties like Xfire. (Advertising Age, previous coverage)

TV Ad Spending Falls; drops 2.4 percent compared with the same time last year, with spending for network TV down but cable TV ad spending up. (Broadcasting & Cable)

Kwego Gets $6.9 Million; in a second round of funding for this European video-sharing site. (PaidContent)

Veoh Gets Big-Name Backers; former MTV President and CEO Tom Freston and former Viacom Chairman and CEO Jonathan Dolgen join Michael Eisner as investors. This is the same round of funding we reported on in June. (release)

Reality TV Vets Launch Web-Based Series; Amazing Race, Survivor, and The Apprentice alums band together for Around the World for Free travel show. (Release)

Adam Finley: 1976-2007; TV Squad blogger passes away after being hit by bus in Minneapolis. Our condolences to his family and friends. (TV Squad)

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