LJ stops the creation of new basic (adfree) accounts
Some of the links are taken from j_crew_guy's post at 6a_cornfield.
The Livejournal Staff make a news post to celebrate the hundredth day since they were bought by the Russian company SUP. It mentions their previous policy update and plans to create an Advisory Board.
Basic Account is an option available to accounts which were created before March 12, 2008. No account created after this date can be turned into a Basic Account. Basic Accounts will not have any advertising displayed on their accounts, but will have fewer benefits and features.