Tribune Media Services has acquired online video search services company CastTV. CastTV was founded in 2006 by Edwin Ong and Alex Vikati and they raised $3.1 million from DFJ, Ron Conway, and Marc Andreessen. “CastTV was profitable so we weren’t forced to make any decisions,” said Vikati. CastTV receives about 4 million monthly unique visitors. TMS plans on combining CastTV’s databases with their own metadata service. [AllThingsD]

Tribune Company has been dealing with selling off their properties over the last couple of years.  Now the deal is finally done and 95% of the Chicago Cubs along with Wrigley Field in Chicago will be sold to the Ricketts Family for $845 million.  This deal is pending approval by the federal bankruptcy court and Major League Baseball.

The Tribune Company would have 5% remaining in the joint venture.  This includes 25% share in Comcast SportsNet.  The entity that owns the Cubs assets will be filing for Chapter 11 bankruptcy so “that the franchise can emerge free and clear of Tribune Company’s financial obligations.”

Tribune bought Wrigley Field from the Wrigley family in 1981 for about $20 million.  Tribune WGN radio and TV stations will keep the long-term rights as part of the deal.

At one point, Mark Cuban was involved in the bidding war.  The Ricketts family won the bid.  Joe Ricketts founded TD Ameritrade which is now being run by his son Tom.  Tom is a huge Cubs fan and grew up watching games there.  He once lived in an apartment above a bar across the street from Wrigley field.  Tom met his wife at a Cubs game.

Gannett Co., Inc. (NYSE:GCI) has bought 10% of CareerBuilder.com from Tribune Company for $135 million. After this acquisition, Gannett now owns 50.8% of CareerBuilder. Based on the equity acquisition, CareerBuilder is worth about $1.35 billion. CareerBuilder’s rival, Monster Worldwide, Inc. (NASDAQ:MNST) is worth about $2.37 billion based on it’s market capitalization.

“CareerBuilder is a terrific company, with great growth potential that just keeps delivering more for Gannett and our partners,” stated Craig Dubow, Chairman, President, and CEO of Gannett Co., Inc. “We were delighted when the opportunity arose to acquire more of the company while maintaining a good, solid relationship with our partners.”

Tribune Company has been struggling to pay off $13 billion in debt. A lot of the debt was accumulated by taking their company private and from a decrease in advertising revenue. Some of Tribune Company potential strategies for paying off their debt includes selling the Chciago Cubs and Wrigley Field. Tribune is even debating whether to sell off the Chicago Tribune Tower and the L.A. Times.

Tribune Company now owns 30.8% of Careerbuilder.com. Other owners in Careerbuilder includes The McClatchy Company (NYSE:MNI) at 14.4% and Microsoft Corporation (NASDAQ:MSFT) at 4%.

For additional details, check out the press release.

Topix.net, a news aggregator will be announcing today that they have received another $15 million from already existing stakeholders in the $72 million-valued Palo Alto, CA based company. By upping the ante of investment into Topix, Gannett Company Inc. and the Tribune Company will now hold a 33.7% share of the company each. The McClathy Company owns another 11.9% of the company, thus making 79.3% of the Topix.net company being held by investors.

What makes Topix.net unique from other news aggregators such as CNN, Google News, Live Search News, etc? Topix aims to provide customized news aggegration based on user needs. Topix.net’s patent pending NewsRankâ„¢ technology allows its users to select from over 360,000 categories or from over 32,500 U.S. cities and towns to bring them the news they want to hear. Not only that, but users can backtrack news articles produced since the last year using the Topix.net search engine.

In August of 2006, Topix.net added a couple of impressive features which include a case-sensitive enabled search and a click-o-gram histogram chart in which users can select at what point in the timeline that they would like to read archived news about certain companies, celebrities, sports, etc. Check out the screenshot that I have of the histogram below when I searched for Detroit Tigers, one of the worst teams in the MLB until this year when they moved all the way to the World Series in one of the biggest turnarounds in MLB history. Notice how the news aggregators picked up on the Detroit Tigers in October during The World Series?

Currently there are 25 people working for Topix.net and with the new funding, Chris Tolles, VP of Sales and Marketing of Topix.net plans on hiring and marketing aggressively as well as finding other ways to monetize from Topix services.

As I was writing this article and referring to CNET, I also noticed that a similar post went up on GigaOM about an hour or two ago and had several comments added right away which I thought I would mention since they suggest improvement for Topix. Louis Gray stated: “Topix is a great site, and does a strong job of searching archived news releases. Despite this, for some reason, they just aren’t on my list of ‘go to’ sites. Topix is NOT a destination site in the way that Digg and Slashdot and Google News are.” Om Malik, founder of GigaOM stated: “I use it to track telecom and its various subsectors.they could do a better job of the user interface.”

Given what it sounds like from these Topix testimonials, the site is finding a hard time being “sticky.” However, since the site is now backed by another $15 million, I’m sure that they will find ways to take away marketshare from Google News, Digg, and Slashdot.