Comcast's acquisition of NBC Universal is approved (with one FCC commissioner, Michael Copps, opposed). Conditions for the deal, expected to close by Feb. 1, include that Comcast must give up its management role at Hulu, and abide by anti-favoritism clause — a victory for Bloomberg TV and other networks that compete with Comcast and NBCU's channels. Comcast, separately, just invested $10M in Snagfilms, an ad-supported documentary site that owns INDIEwire, and led a $9M financing round in e-publishing consultancy Perfect Market.
Apple announces record quarterly earnings of $6B, with 7 million iPads sold during the Christmas quarter. The iPhone is now the UK's "most desirable" brand.
Citigroup "disappoints" despite quarterly profit of $1.3 billion.
A&W and Long John Silver chains put on the block by owner Yum! Brands.
Absolut returns as series sponsor on Logo's RuPaul's Drag Race.
Coke and Nike score in emerging markets.
DDB Brazil sends student on a nine-country, 99-day tour to report on social media.
Disney Channel bids adieu to Hannah Montana.
Ford invests in Missouri plant to build new model.
GM — which today announced that a new Chevrolet sold every 7.4 seconds in 2010 — promotes Chevrolet marketing head Chris Perry to head of GM US marketing, reporting to global CMO Joel Ewanick.
HMV flounders after a grim Christmas season.
HTML5 gets an official logo.
IBM posts best revenue growth in nearly a decade.
Lady Gaga to debut new track at Thierry Mugler fashion show.
Mad Men star Christina Hendricks lost $850,000 Chopard bracelet at the Golden Globes.
MTV's version of racy UK teen drama Skins scores with teens, unleashes captionbomb social tool for Facebook.
Piers Morgan's debut on CNN attracted 2.1 million viewers.
Susan Sarandon is the latest Got Milk? celeb.
Vitimanwater ad banned in the UK, a second reprimand for the Coca-Cola-owned brand.
Volkswagen prepares a new car brand exclusively for China as a means to "get into new market segments."