10:30 AM -- Music video Website Vevo, which was launched on Dec. 8, managed to become the most trafficked entertainment-music site in December, beating out established leaders like MySpace Music and AOL Music.

Vevo, a joint venture of Google (Nasdaq: GOOG), Universal Music Group , and Sony Music, led the category with 35.4 million unique visitors, compared to No. 2 MySpace Music's 33.1 million.

The site received almost all of these visitors (32.6 million, or 92 percent) from YouTube, which hosts a Vevo channel.

In other news:

China has finally responded to Google's decision to stop screening search results and possibly leave the country, by brushing off the search giant's threat. "The Chinese government administers the Internet according to law and we have explicit stipulations over what content can be spread on the Internet," Foreign Ministry spokeswoman Jiang Yu said today.

Yahoo Inc. (Nasdaq: YHOO) was also the target of a similar, “highly sophisticated” attack by Chinese hackers, Bloomberg reports. Though refusing to confirm the claim, Yahoo did say it “stands aligned” with Google's position on the attacks.

RealNetworks Inc. (Nasdaq: RNWK) founder Robert Glaser has stepped down as CEO of the company, The Wall Street Journal reports. General counsel and executive vice president Robert Kimball will fill in as acting CEO while the company searches for a replacement. According to some reports, Glaser was hoping to make the transition more gradually, but the board pushed for a more immediate move. The company's COO, John Giamatteo, resigned just yesterday.

— Erin Barker, Digital Content Reporter, Cable Digital News