Google insists, over and over, that it has no intention of getting into the content business. So how is it finessing its way into the music business? Very carefully.

The search giant is working on a new service that will provide searchers with streaming music, which sounds a whole lot like a content play at first blush. But Google will only be offering limited bits of music, and it will be relying on other companies–Lala.com, MySpace’s iLike and Imeem, sources say–to actually provide the tunes.

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In certain circles, David Letterman’s extortion/adultery story is huge news. On YouTube? It’s overshadowed by an “Ultimate Fighter” match.

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Warner Music and YouTube, co-owners of the one of the Web’s nastiest spats, are about to patch things up. How’d they do it? By cutting a deal that looks a lot like the one YouTube has already made with Universal Music Group.

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Warner Music Group’s videos are disappearing from YouTube. The move is a result of a breakdown in negotiations between Google and the music label over a licensing deal that was set to expire soon. Who actually made the move to drop the label’s content from the world’s biggest video site is a matter of dispute, though. Both sides are taking credit for the decision.

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In addition to myriad rock star perks you’ve already heard about, here’s another one to add to the list: Better stock deals. At least when you’re talking about stock in concert promoter Live Nation. Since Live Nation shares have gotten pummeled, you’d think those music acts would be hurting, too. Nope.

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