• Record labels have sued Spanish P2P developer Pablo Soto for making available software that can be used for piracy. The meat of the complaint appears to be in the company's marketing pitch: Users were lured with promises of free music. In response, Soto says he is not able to track what users are doing and insisted he is doing a favor to unsigned artists who need P2P for distribution (as if a .com or MySpace page can't do that). (Bit Player)

• FCC chairman Kevin Martin said in a CNBC interview that XM and Sirius are "asking for something extraordinary" when they ask the FCC to set aside the rule that prohibits their merger. "They've come in and asked for us to change that rule," he said, "and they've put forth several different public interest commitments that they would be willing to make." (Radio Ink)

• The Virgin Megastore at Times Square will close in Q1 2009. (Reuters)

• TuneCore will now distribute a single track for a flat $10 fee. Good for a single that is guaranteed to sell, probably bad for the majority of tracks sold at download stores. (Listening Post)

• Listen to a live stream of the new Coldplay album tonight at the band's MySpace page... (The Guardian)

• ...or stream it at IHeartMusic.com. (Stereogum)

• ...or you can find a leak of the album at various torrent sites. (Prefix Mag)

• Brendan Canning (Broken Social Scene) has a leak of his own to combat, and he has immediately offered his new album for sale at his label's online store. The CD is set for a July 22 release. (Chart Attack)

• Koch Records inked a deal with MusicSkins to produce a line of artist-branded protective skins for iPods, laptops, and phones. (Press release)

• A recap of a conversation with Sony chief Sir Howard Stringer. (NY Times' Bits blog)