Facebook may soon introduce a 'want' button that could push the site toward becoming a place for consumption, rather than social connection. A developer says he has discovered new wording in Facebook's code that indicates the social network could be testing the button. The developer, Tom Waddington, said the button's code appeared in Facebook's Javascript SDK as a tag that reads "<fb:wants>". 

A federal appeals court in the U.S. has revived a $1-billion lawsuit by Viacom against YouTube over the company's unauthorized posting of Viacom content. Viacom had previously sued YouTube, claiming the website allowed users to post copyrighted Viacom content without permission between 2005 and 2008. The US Second Circuit Court of Appeals has reassigned the case to a lower court, instructing it to determine whether YouTube was aware of the copyright infringements.

The list of newspaper websites with paid subscriptions is growing, as the Los Angeles Times has announced plans to begin charging readers for online content. As of March 5th, visitors to the Los Angeles Times' website will only be able to view a certain number of stories for free. Once the monthly limit of fifteen articles is reached, they will be asked to buy a digital subscription for $0.99. A number of other publications are implementing such subscription services, including the Chicago Tribune. 

Viacom's profits plummeted 65% in the fourth quarter due to lower advertising sales at its cable television networks. The media company depends almost entirely on its cable channels, including MTV, Nickelodeon, BET, VH1 and Comedy Central, for its income.