What you need to know – 07/08/11

BlueCava, improving online advertising and fighting fraud, raised $1.5 million in debt funding.

Clean Urban Energy (CUE) raised a $7 million Series A funding round led by Battery Ventures and Rho Ventures.

Mobile advertising company Kickanotch Mobile raised a $500K seed round led by six angel investors.

Rupert Murdoch of News Corp. is shutting down British weekly The News of the World.

Spark Capital’s newest strategic advisor is to be Biz Stone, best known as co-founder of Twitter.

Turntable.fm, the addicting music site where users can DJ for each other, could be close to raising a new round of between $5 and $10 million.

Zynga, far and above the most popular social gaming developer on Facebook, will bring in $500 million in revenue for Facebook this year. Also: the company launched a privacy policy “game” called PrivacyVille.