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News Corp is finally selling MySpace. The media conglomerate has struck a deal to sell the struggling social network to ad network Specific Media for between $30 million and $40 million.

Early this morning, Los Angeles Dodgers owner Frank McCourt filed for Chapter 11 bankruptcy in what was his last attempt to keep the team under his ownership. Sal Galatioto, president of sports investment bank Galatioto Sports Partners, stopped by on CNBC's The Strategy Session today to discuss the recent development.

Hulu is headed toward the auction block — it's retained investment bankers Morgan Stanley and Guggenheim partners to assist with a sale that will open to bidders in two weeks, according to the LA Times.

NBC/Comcast won the rights to the 2014, 2016, 2018 and 2020 Olympic Games on Tuesday. The price? $4.38 billion. That's $64.41 million per Olympic broadcast day. That's a lot of money to make up. Can they do it?

Social media isn't the only hot category here at the "All things D" conference. Some of the hottest companies here are focused on content — helping consumers navigate the nearly infinite content out there and access exactly what they're looking for.

Oprah's absence will deal a blow across the broadcast networks — to CBS which distributed the syndicated show, as well as airing it on its affiliates, along with ABC, Fox and NBC. And it wasn't just a place filler — Oprah's reliable ratings played a key role drawing viewers into local newscasts.

When TiVo launched a dozen years ago, industry-watchers worried the DVR would be the death-knell of television. But here we are in the midst of yet another Upfront ad sales season, and DVR technology is actually playing a crucial role in keeping certain shows alive. Instead of killing the networks and their precious advertisers, in many cases, DVRs provide crucial technology to understand exactly who is watching what, and when.

Google's taking big steps to turn YouTube into a true entertainment destination, and to compete with Netflix, iTunes, Amazon and even Hulu. Along with the rest of those giants, Google wants to distribute content to consumers, so it can cash in on advertising and now rental revenue as well.

The Oprah Winfrey Network is only four months old — but apparently that's old enough for co-owners Discovery Communication and Oprah Winfrey to know that its management isn't working.