Mediagazer: Time Inc. Layoffs Will Cost $60 Million (Peter Kafka/AllThingsD)

2:00 PM ET, February 6, 2013

Top News:

Peter Kafka / AllThingsD:

Time Inc. Layoffs Will Cost $60 Million — Time Inc.'s move to lay off about 6 percent of its workforce will cost the company at least $60 million in restructuring charges this year. — Time Inc. corporate parent, Time Warner, disclosed the number as part of its guidance for its 2013 financials.

Discussion: Home Media Magazine, Adweek, Folio, MinOnline, @keachhagey and @mtoney

Eriq Gardner / Hollywood Reporter:

Time Warner CEO Jeff Bewkes Addresses Netflix Competition — Speaking on an earnings call, Bewkes plays down the company rival as a threat to HBO and dismisses suggestions of a Turner Sports Network and “contentiousness” with Legendary Pictures. — On a conference call after the announcement …

Amy Chozick / Media Decoder:

Cable TV Revenues Helps Spur Time Warner Profit — The cable television business helped propel Time Warner to a 51 percent increase in net income and offset weakness in magazine publishing and movies in the three months that ended Dec. 31. — The media company said Wednesday that an increase …

Discussion: Media & Entertainment, Reuters and Bloomberg

Georg Szalai / Hollywood Reporter:
Time Warner Reports Higher Fourth-Quarter Earnings, Raises Dividend

Discussion: Reuters, @pkafka, International Business Times and Deadline.com

Andrew Beaujon / Poynter:

Newspapers, magazines will have ‘not-great’ choices as USPS plans to end Saturday delivery — The U.S. Postal Service intends to cut first-class delivery on Saturdays, CBS reported Wednesday. “That means most mailers, letters and catalogs would not arrive on Saturdays,” CBS' report reads.

Discussion: New York Times, Federal Eye, USPS.com® - About, CBS News, mediabistro.com, AllThingsD, Politico, VentureBeat, AdAge, Mediaite, ZDNet, Gawker, The Rural Blog, Associated Press, Softpedia News, Post Politics, @jcstearns and The Newspaper Guild

Bloomberg:

Google Said in Talks to Invest $50 Million in Vevo Site — Google Inc.'s YouTube is negotiating a $50 million equity investment in music video service Vevo LLC, according to two people with knowledge of the situation. — Google would own less than 10 percent of the company …

Discussion: VentureBeat, CNET, Silicon Valley Business …, Business Insider and FierceOnlineVideo News

Andy Fixmer / Bloomberg:

Katzenberg Says Mobile Viewers Will Pay by ‘Inch’ — Hollywood studios will eventually charge less for entertainment streamed to small devices, basing prices on screen size, DreamWorks Animation SKG Inc. (DWA) Chief Executive Officer Jeffrey Katzenberg predicted.

Discussion: eMedia Vitals, @bill_gross, @alexpham and CNET

John Biggs / TechCrunch:

Automattic Pulls A Customer's Posts After Plagiarist Claims Copyright Infringement [Update] — A blog called RetractionWatch has been hit by a DMCA copyright notice from an Indian website with a tendency to plagiarize, which claims ten posts about a disgraced doctor - all of them copied …

Discussion: Ars Technica, Retraction Watch and Popehat

Laura Hazard Owen / paidContent:

Amazon wins broad patent to create marketplace for used digital content — Amazon has won a patent for an “electronic marketplace” where users can resell digital content. The company had filed for the patent in 2009 and it was awarded on January 29, 2013. — GeekWire first reported the news.

Discussion: CNET, Forbes, Pocket-lint, ZDNet and NetNewsCheck Latest

Jemima Khan / New Statesman:

The inside story of how Julian Assange alienated his allies — I passed through Los Angeles recently on my way to the Sundance Film Festival. I don't know the place well, but it always feels to me as if it is in limbo and has never grown into a proper city: a municipal playground, populated by restless kidults.

Discussion: @aljwhite

Caleb Garling / The Technology Chronicles:

Twitter buys digital bridge to television — Twitter has bought BlueFin Labs, a software company that analyzes conversations on the Internet about television programming so brands and networks can make intelligent strategy decisions, in an effort to bridge the gap between the micro-blogs presence on the web and the outside world.

Discussion: Bloomberg and Engadget

Bluefin Labs:
Bluefin Labs Joins Twitter: Getting to the Future of Social TV Faster

Discussion: Lost Remote, multichannel.com/rss, Twitter Blog, VentureBeat, Media Decoder, AllThingsD, Marketing Pilgrim, Forbes, TechCrunch, Marketing Land, Business Insider, Redpoint Ventures, @mathewi, BostInno, CNET, Softpedia News, Mashable! and GigaOM

Michael Calderone / The Huffington Post:

Wall Street Journal Reporters Urged To Write More Short Articles, ‘Fun Brites’ — Rupert Murdoch has always been fond of shorter articles in newspapers — something Journal staffers accustomed to writing deep, investigative stories worried about when he bought the paper in 2007.

Discussion: New York Magazine

Guardian:

Disney considers ESPN exit from British TV sports coverage — Disney's Jay Rasulo says ESPN had ‘experienced losses’ and was ‘exploring an exit’ after losing out on big broadcast deals — Disney is “exploring an exit” from the UK TV sport market after ESPN lost several big broadcast deals including live Premier League football.

Discussion: Financial Times, International Business Times and Digital Spy

Brooks Barnes / Media Decoder:
Profit Slides 6% at Disney as Movie and TV Divisions Lag

Discussion: Home Media Magazine, /Film, CNET, The Wrap, Speakeasy and Softpedia News

Lisa O'Carroll / Guardian:

News International rushes to settle phone-hacking claims ahead of hearing — Publisher of now-defunct News of the World attempts to close down scandal before court hearing as new claims are launched — Rupert Murdoch's News International is making a concerted effort to close down the News …

Reed Stevenson / Bloomberg:

Apple ITunes Store Sells 25 Billion Song Downloads Over Decade — Apple Inc. said 25 billion songs have been downloaded from its iTunes digital music store. — ITunes Store now offers more than over 26 million songs for down load in 119 countries, Apple said in a statement today.

Discussion: Apple and VentureBeat

ABC News:

Guardian Australia funder says site will usher in era of open journalism — Broadcast: — The entrepreneur behind two of Australia's newest media ventures—the fledgling Global Mail and soon to be launched Guardian Australia website—has called for the development of ‘open journalism’ in a rare interview with RN Breakfast.

Discussion: TheAustralian and Guardian