The board urges shareholders to vote "yes" for the bill when they meet to place their ballots on May 31.
Web 2.0 video production company Revision3 has agreed to be acquired by Discovery Media as part of a deal that could put its content on the popular TV network.
Internet TV network Revision3 is leveraging the Web's viral nature by chasing the latest memes and showcasing the best of geek-tech culture, including Digg favorites.
A source close to the production company, which was founded by Digg's Kevin Rose and Jay Adelson, tells us that nine people have been laid off.
Web TV network accuses MediaDefender of causing its outage and taking out a legitimate business by being overzealous in its fight against piracy.
Web TV network says MediaDefender had been misusing its network for months and when access was shut down the traffic backed up, causing denial-of-service attack that shut down Revision3 for 3-4 days.
Revision3 suffers temporary outage, prompting Veronica Belmont twitter and Valleywag report.
Video ads just got a whole lot creepier with VideoClix.TV
Shows from the MTV-style "TV network for the Web" to appear on Blip.tv, which means Digg co-founder just might make it to traditional TV sets.
Revision3 has more than a dozen original shows that you can get only on the Web.