Business Matters is a daily column that offers insight, analysis and opinion on the day's news.

-- The Financial Times weighed in on the proposed TicketMaster-Live Nation merger with an op-ed on Wednesday. Calling it "an overmighty duo," the FT argued the U.S. Department of Justice "should not let the deal survive as it is" and seconded the UK Competition Commission's claim that a merger company would "severely inhibit" a serious new rival from competing in the U.K. ticketing market. The FT all but shrugged at the prospect of unfair competition due to vertical integration. Instead, it focused on competition in ticketing and the likely impact the merger would have on ticket prices. (Financial Times)

-- Grand Ole Opry Group president Steve Buchanan was named the new president of the Country Music Association board of directors. (Music Row)

-- MySpace CEO Owen Van Natta at the Web 2.0 Summit on the company's new mission to socialize content. "Music is a great example of our socialization of content. Everyone loves music across all demographics. Our music label relationships are unique and that gives us content that other networks don't have. MySpace is the only place you can go today to stream all the music you want. And every band out there today has a presence on MySpace." (TechCrunch)

-- French streaming video site Dailymotion, a competitor to YouTube, raised €17 million ($25.5 million) in a round of funding earlier this month. Fonds Strategique d'investissement, which put in €7.5 million ($11.2 million), said it invested in Dailymotion because the site is "on the threshold of profitability." The site has 60 million unique visitors per month. (paidContent)

-- Who's using Twitter? According to the Pew Internet Project, 19% of U.S. Internet users are on Twitter on a regular basis. That's up from 11% in April. Usage goes up to 28% for Internet users with three or more connected devices (such as laptop, mobile phone and Kindle) and 39% for users with four or more connected devices. Pew says the median age of Twitter users is 31 and has remained flat for the past year. (Pew Internet, via MediaMemo)

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