Mediagazer: Indian Music Service, Taking Page From Spotify, Goes Pro (Ben Sisario/Media Decoder)

2:59 AM ET, February 14, 2013

Top News:

Time Warner in talks to part ways with Time Inc. — FORTUNE — Media giant Time Warner has begun discussions to separate itself from Time Inc., its $3.4 billion (in annual revenue) publishing division, according to three people familiar with the matter. A serious buyer is in talks with the company, one of the sources says.

Jeff Bercovici / Forbes:

Time Warner Shopping Time Inc. Likely Price Tag? Try $2.5 Billion — Time Inc., America's biggest magazine publisher, is for sale — sort of. Fortune reports that parent Time Warner is in talks with a “serious buyer” to sell most of its periodicals — and who better to know than Fortune, being one of those periodicals?

Discussion: WWD Media Headlines and AdAge

AdAge:

Time Warner Reportedly in Talks To Sell Most of Time Inc. — Bank Said To Be Involved Has Ties to Warren Buffett — Time Warner is in talks to sell a large portion of its Time Inc. magazine division, including People, InStyle and Real Simple, according to a report Wednesday afternoon by Fortune.

Discussion: @matt_creamer, B&C, @romenesko and @natives

Wall Street Journal:

Time Warner in Talks to Divest Most Magazines to Meredith Corp. — Time Warner Inc. is in talks to divest most of its magazine group to Meredith Corp., say people familiar with the matter, keeping only Time, Sports Illustrated and Fortune titles. — Meredith, which owns magazines …

Discussion: FishbowlNY and @peterlauria3

Peter Kafka / AllThingsD:

Time Warner Put the “For Sale” Sign on Time Inc. Last Fall — People have been wondering for a long time when Time Warner would sell off Time Inc. And for a long time, whenever anyone asked CEO Jeff Bewkes or senior management about the publishing company, they'd inevitably say something like “we like it, we're keeping it.”

Discussion: @michaelwolffnyc

Simone Foxman / Quartz:
Why does Time Warner want to get rid of its most profitable magazine?

Discussion: Fortune and Deadline.com

Knight Foundation:

Knight Foundation regrets paying Lehrer speaking fee — On Tuesday, the Knight Foundation paid Jonah Lehrer to speak at a community foundation conference. In retrospect, as a foundation that has long stood for quality journalism, paying a speaker's fee was inappropriate.

Discussion: JIMROMENESKO.COM and The Huffington Post

Jonah Lehrer:

My Apology — I'd like to begin by thanking the Knight Foundation for the invitation to speak. — I've been asked to give a talk about decision-making. I'm going to focus today on bad decisions, on the causes and repercussions of failure. The failure I'll be talking about is my own.

Discussion: @rsingel, @kbandersen, @nedraggett, @eugenephoto, @mattbuchanan, @rubinafillion, @janchip, @damiengwalter, @jonahlehrer and Poynter

Jeff Bercovici / Forbes:

It Sure Doesn't Sound Like Jonah Lehrer Is Donating That $20K Speaking Fee To Charity — Jonah Lehrer's appearance at a Knight Foundation event Tuesday was supposed to be the first step in a rehabilitation culminating in his return to the welcoming arms of the journalism profession.

Discussion: New York Magazine, International Business Times, Boing Boing and Strange Attractor

Craig Silverman / Poynter:
Jonah Lehrer falls into familiar pattern, fails to face his reckoning

Discussion: lamag.com, ArtsBeat, BuzzFeed, @stevebuttry, The Atlantic Wire, The Week, Knight Foundation and New York Magazine

Felix Salmon:

Blogonomics, Maria Popova edition — Back in May, Kickstarter looked as though it was moving upmarket. Following Bob Lefsetz's lead, I said that “while Kickstarter was originally embraced by the undiscovered and impecunious, its greatest potential, in the music industry …

Discussion: @maoxian, @niubi, @sdkstl and @profjeffjarvis

Kelly Faircloth / Betabeat:

Maybe Don't Talk S**t About Ads If You Make Money On Affiliate Links [Updated] — Ms. Popova's omnipresent avatar. (Image: Twitter) — Brain Pickings' Maria Popova is a little like the brainier counterpart to the Oatmeal's Matthew Inman: She's got her haters, but she's also hugely popular …

Discussion: http://on-advertising …, @sdkstl, @nexttechblog, Melville House Books, @betabeat, @mattbuchanan, Get Off My Internets and @felixsalmon

William Turvill / Press Gazette:

The accused: At least 55 UK journalists arrested since April 2011 — At least 55 journalists have now been arrested in the last two years as a result of police investigations stemming from the phone-hacking scandal. On 13 February, a further six former News of the World journalists …

Discussion: Guardian, Hollywood Reporter and @iainoverton

Lisa O'Carroll / Guardian:
Phone-hacking inquiry: Sun's Fabulous and northern features editors arrested

Discussion: Crikey and Softpedia News

Press Gazette:
Six former News of the World journalists arrested in phone-hacking probe are named

Discussion: @bbcbreaking, @skymartinbrunt, @kevin_maguire, @dannyshawbbc, The Huffington Post, UK News and Opinion, Sky News, BBC and TheJournal.ie

Tom Pakinkis / Music Week:

Rightsholders should be paid for online radio plays, says Aussie court — Rightsholders should be paid additional fees for plays via online simulcasts - where a radio station is broadcast via the internet as well as on the airwaves, Australia's Federal Court has ruled.

Discussion: Billboard, Computerworld News …, radioinfo, The Music Network and Home theMusic.com.au

Ben Sisario / Media Decoder:

Indian Music Service, Taking Page From Spotify, Goes Pro — Western music fans have no shortage of digital music services to choose from, and that abundance is spreading around the world. Apple's iTunes is now in 119 countries, and others are racing to plant their digital flags everywhere.

Discussion: @simsima3d

Jennifer Booton / Fox Business:

Thomson Reuters To Slash 2,500 Jobs, 4% of Workforce — Thomson Reuters (TRI) plans to cut 2,500 jobs this year, or 4% of its global workforce, as it continues to axe costs as part of a larger overhaul. — The company said on Wednesday that it expects to spend about $100 million on severance costs …

Discussion: Reuters, Agence France Presse, Thomson Reuters, Wall Street Journal, The Dividend Daily and Talking Biz News