Jordan Golson · 10/04/07 06:45PM

Level 3 has cut more than 50 percent off the prices they charge for "content distribution" — the premium Internet service charged to online video purveyors and other bandwidth-intensive sites. It's a blow to competitors Limelight Networks and Akamai. Because Level 3 owns its own telecom backbone, they can afford to undercut the competition. We love ourselves a good price war. [GigaOm]