4 Ventures goes under the knife

3.15pm: Channel 4 is trying to halve the £70m-a-year losses at the division that houses E4 and FilmFour. By Jason Deans.

BT loses 3G court claim

12.15pm: BT and One2One have lost a legal bid to prove they were treated unfairly over 3G licence fees last year, writes Dan Milmo.

Ofcom report gets mixed reaction

6pm: The Towers Perrin proposals for Ofcom have been welcomed by broadcasters, but criticised by the ad sector, reports Jason Deans.

NTL offers a broader web option

NTL yesterday announced fast internet access at the same price as most British surfers are paying for unmetered access using a traditional dial-up modem. By Richard Wray.

Net firms face black hole in ad revenue

Internet firms such as Yahoo! and Excite face a black hole in advertising revenue as companies make swinging cuts to their promotional activity, writes Andrew Clark.

Bush drops plan to break up Microsoft

The US government has said it would no longer push for Microsoft, the world's largest software company, to be broken up for violating anti- monopoly laws. By Jane Martinson.

Guardian iT scraps net hotels

Guardian iT yesterday became the latest group to pull out of hosting web services for big technology firms, writes John Cassy.

Baltimore slashes jobs

The internet security firm reported a half-year loss of £550m and announced plans for a further wave of job cuts, writes David Teather.

AOL slashes 1,000 from payroll

About 1,000 employees working for AOL Time Warner's core internet division are to be laid off within the next few days, writes Jane Martinson.

Webvan chief awarded payout

The bankrupt online grocer expects to raise sufficient funds to pay its former chief executive George Shaheen £256,000 a year for life.