Founded by Janus Friis and Niklas Zennstrom of Skype and Kazaa fame, broadband video service Joost hoped to revolutionize the broadband video industry, but struggled with slow broadband speeds, internal turmoil and a contractually-limited catalog. Last winter, Joost ditched their P2P approach for a more Hulu-esque flash-based website approach, though it didn't help. The company has since shuttered their consumer service entirely -- hoping to develop video services for existing ISPs. The company had been shopping itself to ISPs but nobody was interested -- and today announced they'd be selling what's left of the company to online advertising outfit Adconion Media Group for an undisclosed amount.