»  Facing pressure from Facebook, MySpace plans to turn itself into an entertainment-information portal. [WSJ]

»  Tribune Media Services is going into the widget business with eGuiders. [Variety]

»  A 15-year-old intern at Morgan Stanley has produced a research report that offers insights about his peers that are news to many professional analysts. [Daily Mail]

»  Bucking convention, independent publisher Sourcebooks is delaying the e-book version of its new hot title to milk more revenue from the hard-cover edition. [WSJ]

»  The summer ratings for networks are low, even by summer-ratings standards. [USA Today]

»  Rupert Murdoch thinks Obama’s friendly relationship with the media may turn south if the economy worsens. [E&P]

»  Too many bloggers aren’t disclosing in their product reviews that they’ve gotten freebies from the companies behind those products. [NYT]