It looks like former Viacom CEO Tom Freston has found at least one outlet for some of the millions he got after chmn Sumner ousted him in Sept. Freston joined a $20 million investment round in Plum, the network of local TV stations serving exclusive areas like Aspen and Martha’s Vineyard. The round was led by The Kraft Group and The Raptor Fund. Plum plans to use the new dough to expand into Sun Valley, ID, and Miami Beach, FL.

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Wednesday–November 5

Effros: YouTube Dominoes

The long-standing question of who is going to “own” the home screen is becoming clear. It was originally thought to be a battle between “televisions” and “computers.” No longer. Those two things have essentially combined.

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