The Morning Lowdown 07.30.10
Some of the stories people are talking about this morning:
» The Washington Post Co. (NYSE: WPO) is desperate to unload Newsweek magazine—but not desperate enough sell to Avenue Capital Group because of worries related to the hedge fund’s plans to partner with the publisher of the National Enquirer. [WSJ]
» Spotify is trying to restart its talks with U.S. record labels after some—most loudly, Warner Bros. (NYSE: TWX)—expressed displeasure with the UK’s music service’s “freemium” model—have expressed complaints. [BillboardBiz]
» Virgin Media (NSDQ: VMED) is planning TiVo (NSDQ: TIVO) web apps beside online, mobile VOD [paidContent]
» Take note, startup slaves: Staffers who stuck around three years after New Media Strategies was acquired by Meredith Corp. (NYSE: MDP) are being handed checks valued between $80,000 and $105,000 this week, thanks to a stock pool set up by CEO Pete Snyder and fellow founders to reward those who helped it meet its earn out targets. [AdAge]
» Amazon’s Jeff Bezos predicts Kindle e-book sales “will surpass paperback sales sometime in the next nine to 12 months.” [USAT]
» Reed Elsevier (NYSE: RUK) is asking a federal appeals court to uphold a finding that TheFlyOnTheWall.com misappropriates banks’ “hot news” by reposting their stock recommendations. [Mediapost]
» About.com is looking to enter the b2b space. [Webnewser]
Posted In: Entertainment, Music, Features, The Morning Lowdown, Legal, Marketing, Media & Publishing, Magazines, TV, Cable & Telecom, VOD, Social Media, Companies, Amazon, Kindle, Virgin, Virgin Media, Washington Post

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