Bad news from Silicon Alley Insider: " Redlasso, a TV clip service favored by bloggers everywhere, is being threatened with legal action by three of the major media conglomerates: Fox (NWS), CBS (CBS) and NBC (GE). The three companies have sent the Web firm a cease-and-desist letter for recording television and distributing it without their permission, and are giving them until May 29 to stop or get hauled into court."

Unfamiliar with Redlasso?

It's a massive, searchable library of recent TV clips that allows websites desperate for material to toss up a two-minute segment from the morning's Ellen with one semi-funny line underneath and pretend that they've created original content to meet that hour's post quota. Which is to say, holy shit we are so fucked if this thing goes under. I can only make so many more posts out of bad economic news. THIS IS NOT GOOD.

Anyway, best part of the article: "TechCrunch had a nice long chat today with the Redlasso folks, who apparently neglected to mention the cease and desist letter. TC says that asked about it now, the Redlasso people say they 'didn't expect the letter to leak.'"