Mediagazer: For labels, Apple's iRadio deal could be sweeter than Pandora (Paul Sloan/CNET)

3:55 PM ET, April 5, 2013

Top News:

Jeff Bezos Invests in Business Insider — Jeff Bezos has invested in Business Insider, according to an internal memo we have just obtained. Here's the memo from Business Insider CEO and Editor-in-Chief Henry Blodget: Team, I wanted to share the details of the financing we mentioned last night.

Discussion: GigaOM, AllThingsD, VentureBeat, Poynter, Media & Entertainment, Gawker, Guardian, CNET, VatorNews, ZDNet, Betabeat, @ivanthek, GeekWire, The Next Web, @choire, @mathewi, @djbentley, @tcarmody, Quartz, @rafat, 24/7 Wall St. and Talking Biz News, Thanks:@max8378

Edmund Lee / Bloomberg:

Amazon's Jeff Bezos Invests in Blodget's Business Insider Site — Business Insider Inc., the business- news site co-founded by former Internet analyst Henry Blodget, raised $5 million in venture capital from investors led by Amazon.com Inc. (AMZN) Chief Executive Officer Jeff Bezos.

Discussion: Business Insider, AdExchanger, The Wrap, TechCrunch, Businessweek, www.wnyc.org, @nicknotned and Mashable

Zachary M. Seward / Quartz:

BLS tweet beats everyone on today's jobs figure — Every month, when the US jobs report is announced, journalists race to tweet the number as fast as they can. Many investors, meanwhile, pay lots of money for fast access to the data so they can trade on the reaction.

Discussion: @bobbymacreports

Kevin Roose / New York Magazine:

Meet Twitter's Newest Clique: Bloomberg's Terminal Tweeters — Until this week, many Wall Street bankers and traders had no access to Twitter. Despite the fact that Twitter is now where lots of breaking news (including today's jobs day numbers) happens first, most big banks shut off access …

Discussion: The Atlantic Wire, Betabeat and AllThingsD

Andrew Beaujon / Poynter:

Report: U-T offered ad discounts to causes owner favored — KPBS — U-T San Diego offered discounts to some political candidates in 2012, potentially violating federal, state and local laws, Ryann Grochowski and Amita Sharma report. — U-T CEO John Lynch told the reporters the ads were sold …

Discussion: KPBS San Diego

Joe Pompeo / Capital New York:

Longreads partners with ‘The Atlantic’ — Longreads, the long-form journalism aggregator founded by Mark Armstrong in 2009, has a struck a partnership with The Atlantic. — Under the terms of the collaboration, The Atlantic's sales team will begin selling ads against the Longreads platform.

Discussion: Longreads, Adweek, FishbowlDC and paidContent

Paul Sloan / CNET:

For labels, Apple's iRadio deal could be sweeter than Pandora — Apple is close to a deal with two major music labels to bring to life its streaming music service, which could pay labels better than Pandora does. — Apple is close to striking a streaming deal with two of the major music labels …

Discussion: Deadline.com, Nokia Conversations, Forbes, VentureBeat, TechSpot, Ubergizmo, BGR, FierceMobileContent News, App Advice, Softpedia News, Mashable, The Next Web, AppleInsider and MacRumors

Hollywood Reporter:

THR Launches Entertainment-Tech Blog ‘Behind the Screen’ — Contributing editor Carolyn Giardina will edit the blog, which covers everything from the key players to the disruptive technologies behind films, TV and mobile content. — The Hollywood Reporter has launched Behind the Screen …

Discussion: FishbowlLA

Tracie Powell / Columbia Journalism Review:

Next FCC chairman will impact journalism — Why journalists should care who succeeds Julius Genachowski — Federal Communications Commission Chairman Julius Genachowski announced last month that he was stepping down, and journalism advocates have since been lining up to voice opinions …

Discussion: The FJP

Josh Sternberg / Digiday:

Is Amazon the Sleeping Giant of Media? — Slowly but surely, Amazon is inching towards becoming a full-out media company. — Amazon began selling ads six years ago. But through its Amazon Media Group, it now offers brands and agencies display ads across its owned and operated sites …

Eriq Gardner / Hollywood Reporter:

ESPN Spent $5 Million in Legal Fees Defending Its Licensing Contracts — After saying it prevailed at a trial against Dish Network, the leading sports network demands reimbursement of its costs. — When two big media companies do battle, the big winners are the lawyers.