Vid-Biz: IAC, Vator.tv, TiVo

IAC Launching How-To Site; Life333.com to enter an already crowded field with original and aggregated instructional content. (paidContent)

Venture Farm Invests in Vator.TV; site a place for startups to pitch their ideas via online video, funding details not disclosed. (socalTECH)

Turns Out TiVo Can’t Predict American Idol; DVR company heralded its precognitive abilities based on data about the singing competition — but missed the mark. (CNBC)

FCC Fines Seven Electronics Retailers $3.9 Million; commission says Sears, Wal-Mart, Best Buy and others did not properly warn consumers about DTV transition when selling analog TVs. (LA Times)

Saudi Blogger Posts Anti-Christian Short; Schism was created in response to the controversial anti-Islam film Fitna. (Associated Press)