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Vid-Biz: Circuit City, Upfronts, Bebo

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Circuit City Opens Up to Blockbuster; rental chain and Carl Ichann allowed to conduct due diligence on the company, Ichann may fund buyout. (paidContent) (previous coverage)

TV Nets Upfront Ad Sales Forecast to Be Down this Year; poor economy, writers’ strike and lower ratings are forecast to translate into a drop in ad buying of between 2 and 14 percent. (TVWeek)

Bebo Delivers One Billion Videos per Month; social network provides open platform so publishers can use their own player. (Beet.TV) (previous coverage) to Serve up Women’s Tennis; site will stream more than 70 matches from 11 events. (Multichannel News)

Facebook Launches American Gladiators Application; users can play games based on the show’s challenges. (The Hollywood Reporter)

SNL Gets Political; sketch comedy show creates political mini-sites featuring videos from the current and past seasons. (