Mediagazer: Web TV pioneer KoldCast TV is shutting down after losing millions on original content (Janko Roettgers/Gigaom)

8:40 AM ET, March 7, 2014

Top News:

Dorian S. Nakamoto denies he's Bitcoin founder, heard of Bitcoin 3 weeks ago — AP EXCLUSIVE: MAN DENIES HE'S BITCOIN FOUNDER … LOS ANGELES (AP) — The man Newsweek claims is the founder of Bitcoin denies he had anything to do with the digital currency.

Discussion: Los Angeles Times, Softpedia News, @mathewi, @jbenton, @willoremus, @blocktechceo, TechCrunch, The Switch, CNET, Ars Technica, SlashGear, CBS Los Angeles, Forbes, Business Insider, Mashable, Wired, Gawker, The Wrap, The Verge, BGR and New York Times

J.K. Trotter / Gawker:

Newsweek Editor-in-Chief: We Stand by Our Bitcoin Story — Newsweek isn't backing down. Hours after publishing Leah McGrath Goodman's 4,5oo-word profile of a 65-year-old Temple City engineer named Dorian S. Nakamoto—who, Goodman claims, is the long-mysterious inventor of Bitcoin …

Discussion: PandoDaily, BGR, @klustout, @awalkerinla, @declanm, @m_delamerced, CNNMoney.com, USA Today and Businessweek

Felix Salmon:

The Satoshi Paradox — Newsweek wanted a scoop for its relaunch cover story, and boy did it deliver: it uncovered the identity of Satoshi Nakamoto, the inventor of bitcoin. Who then promptly came out and denied everything. Which means that one of the two is wrong: either Nakamoto …

Discussion: TechCrunch, New York Times, Business Insider, Forbes, Wall Street Journal, Hollywood Life, The Verge and BuzzFeed

Bloomberg:
Pursued by media, Nakamoto says “I'm not involved” with Bitcoin, then meets with AP reporter

Discussion: @jakeadelstein

Choire Sicha / The Awl:
Reddit Reeling From Brutal Dox Of Alleged Bitcoin Founder Satoshi Nakamoto

Ingrid Lunden / TechCrunch:

Spotify Acquired Music Tech Company The Echo Nest In A $100M Deal — On the heels of the news yesterday that Spotify had acquired music discovery technology company Echo Nest, we now have a price for the deal: it was $100 million, with 90% of that in Spotify equity.

Discussion: hypebot

Bloomberg:

Spotify Said to Seek Credit Facility in Step Toward IPO — Spotify Ltd., the Stockholm-based music-streaming company backed by billionaire Li Ka-Shing, is speaking with banks about raising a credit facility, a move that could presage an initial public offering in the U.S., people with knowledge of the matter said.

Discussion: TechCrunch and Fast Company

Darrell Etherington / TechCrunch:
Spotify Acquires The Echo Nest, Gaining Control Of The Music DNA Company That Powers Its Rivals

Discussion: PandoDaily, The Echo Nest, Media & Entertainment, VentureBeat, Pocket-lint, VatorNews, BGR, Xconomy, SlashGear, The Echo Nest Blog, hypebot, Variety, Gigaom, VentureBeat, MacStories and @aymericvigneras

Paul Quigley / The Whip:

Here's what happens when the readers choose the front page story — What if front pages were selected by newspapers' readers instead of their editors? At NewsWhip, we're always interested in the news stories people are choosing to share - and how those stories differ from the normal news stories editors put …

Discussion: @margokingston1, @sachinkalbag and The Huffington Post

Ravi Somaiya / New York Times:

Janine Gibson is named editor of Guardian.com in management shuffle — Guardian to Make Management Changes — The Guardian will make broad changes among its most senior editors this year, the newspaper said Thursday, announcing that Janine Gibson, the editor in chief of its operations in the United States will return to London.

Discussion: Guardian, @choire, @stuartmillar159, @raju, @sullduggery, @mediaguardian, @mathewi, @journalismnews, @arusbridger, Poynter, @carr2n, @vivian, @janinegibson, @alanyuhas, @ggreenwald, @janinegibson, @moorehn and @felixsalmon

Janko Roettgers / Gigaom:

Web TV pioneer KoldCast TV is shutting down after losing millions on original content — KoldCast TV, an early pioneer of serialized original video content on the web, is shutting down. KoldCast co-founder and CEO David S. Samuels announced the decision to shutter the site in a remarkably honest email …

David Amrani / Digiday:

Q&A with Foreign Affairs publisher Lynda Hammes about the challenges in digital — How Foreign Affairs learned to love digital — So much of the industry's attention on journalism is on the up-and-comers, the “millennial” news outlets delivering updates in bite-size, candy-coated pieces.

Carey Dunne / Co.Design:

How Spritz Redesigned Reading, Letting You Scan 1,000 Words A Minute — When we read, our eyes move across a page or a screen to digest the words. All of that eye movement slows us down, but a new technology called Spritz claims to have figured out a way to turn us into speed-readers.

Discussion: EW.com, TIME, Business Insider and Melville House Books

Daniel Holloway / Broadcasting & Cable:

Bravo Media Promotes Development, Production Executives — Lara Spotts named senior VP of development — Bravo Media announced promotions and expanded responsibilities for several development and production executives Thursday. — Lara Spotts has been named senior VP of development.

Discussion: Variety

Bill Mickey / Folio:

Penton Fills Out Its Digital Management Team — Three new executives join recently-hired chief data officer. — Penton Media announced this week it has rounded out its digital leadership team with three recent hires. Joining chief data officer Richard Stanton, who was hired last November …

Max Seddon / BuzzFeed:

Forbes Embroiled In Billion-Dollar Ukrainian Corruption Scandal — Police say Sergey Kurchenko, a fugitive oligarch linked to ousted president Viktor Yanukovych and the owner of Ukrainian Forbes, stole over $1 billion. Forbes scion Miguel Forbes approved the deal and served as an adviser to Kurchenko.

Discussion: @maxseddon, @anneapplebaum, @leonidragozin, @maxseddon, @miriamelder and New York Times

Lucas Shaw / The Wrap:

Machinima to Lay Off 42 Employees in Sales Reorganization — Machinima will lay off 42 employees from its sales division, the company said Thursday. — The changes come as Machinima, one of the first massive networks of YouTube channels, is in a state of flux.

Discussion: Variety, AdAge and PandoDaily

Tom Grubisich / Street Fight:

New Patch Owner Hale Running Company in ‘Lean, Entrepreneurial Mode’ — After a tumultuous and mostly unprofitable three-and-a-half years under media giant Aol, hyperlocal publishing network Patch was acquired in January by Hale Global, a holding company that specializes in turnarounds, mostly with technology firms.

Discussion: AdExchanger and AJR.org

Jim Puzzanghera / Los Angeles Times:

FCC to consider tougher rules for local TV stations — Federal Communications Commission Chairman Tom Wheeler speaks during a House subcommittee hearing in Washington. (Andrew Harrer / Bloomberg / December 12, 2013) — WASHINGTON — The Federal Communications Commission is set …

Discussion: Variety, Bloomberg, @jbflint, NAB and Wall Street Journal

Kim Willsher / Guardian:

Libération shareholder warns of job losses at French newspaper — Bruno Ledoux says plans for cultural centre and social networking, which sparked journalists' strike, will go ahead — A “major restructuring” at French left-leaning daily newspaper Libération with the loss …

Steven Waldman / Columbia Journalism Review:

Sometimes, contra Jeff Jarvis, philanthropy is the answer to journalism's problems — Sometimes, contra Jeff Jarvis, philanthropy is the answer to journalism's problems — Digital professor and provocateur Jeff Jarvis recently tweeted, “Every time a rich person gives to a nonprofit, a journalism startup loses its wings.”

Discussion: @stevenwaldman